Some thoughts about gold/silver
 

Hi, im new to this forum, and it seems to be a great place to be in considering my interest in silver/gold coins/surviving. I belive that gold and silver is the key(s) in preserving my earthly treasures :cheerful:, in these uncertain times, although i have many questions, especially regarding silver coins.

Looks as if the whole planet is doomed to be plunged into a new dark age, considering peak oil, peak silver, peak gold, a corrupt monetary system, the Iraq war, extreme dept, gold price manipulation etc etc..:musicus:

Anyway, here's some questions/thoughts:

1. During an economic crisis, say global fiat money hyperinflation, my coins won't help me much right? The thing one needs the most is food, so getting hold of some acres of land for farming would be THE top priority in the coming years, right?

2. Many people are saying silver multiply in price, because the supplies are so small compared to demand. What kind of silver/gold ratio are we looking at if prices return to their right levels? 20:1? 5:1? Have an idea?
There where <nobr>150 500 tons of gold in 2003, enough to fit in a supertanker.
</nobr>How much silver is there (above ground) in the world?

3. Which types of gold coins looks best? I'm considering maple leafs, but are they too soft?

:wavey:

Re: Some thoughts about gold/silver
 

Well, yes and no. Some theorize that people will intuitively revalue gold and silver. Lots has been written on which form is the best for post-meltdown barter. But you can't eat coins.

As well as gaining the ability to actually farm it. What would you do if right now you had to go to a chunk of land and try to make a living off of it? Would you be able to? What would you need to do so? What new skills do you need to learn? What equipment? What about shelter?

It may not happen in my lifetime, but I think silver will return to the historic mean of around 15-20:1. Perhaps even lower as industrial demand actually permanently removes silver (some recycling is possible) while investment demand for gold does not.

I keep my maples in storage. I don't handle them, I don't clink them around, etc.,. I really don't see how they can be damaged if you store them properly. Now I do like some of the alloyed coins like Krugerands, American Eagles, and even some older gold Franc coins. Best looking? Pandas. Also .9999 though, and thus just as soft as the maples.

Re: Some thoughts about gold/silver
 

If shtf,you need water,food,clothing,shelter and protection.Have medical problems,get what you need stocked there also.
Stock up on basic survival needs first.
Then protect your financial assets.

Its a whole system,prepare fully for it all,you will be miles ahead of most.

Spuds:sheep:

Re: Some thoughts about gold/silver
 

It's the law of the three G's

Gold, Grub & Guns.

1. Grub. when the dollar falls, people will be emptying grocery stores first. Get atleast a 6 month supply of canned goods, rice, beans, pasta, vitamins, water, etc.

2. Guns. Seeing how everybody will be starving and there is no end to what people will do when they are hungry, you will need different guns for different types of encounters with plenty of ammunition to defend your supply. If you live in the city, forget it. You will be outgunned and outmanned. Your best best is to stay far away from the crowd. Especially if you have assets.

3. Gold/Silver. As the new currency is put in place (i'm almost certain that it will be a cashless society this time with credit card types of accounts) gold and silver will skyrocket to unimaginable heights. It is necessary to have a decent amount of silver for smaller bartering transactions. Save the big pieces and gold for when it's time to move on up in the wealth department.

A couple of rules to live by are, don't tell anybody what you've got. And divide the gold/silver in different places so that it's not all gone if you get raided.

That's a very rough outline but it may help give you an idea of things to come. And it's not a matter of if, but when.

BTW, stick with the hard assets. When it goes down, all paper will good for is wiping your backside.

Re: Some thoughts about gold/silver
 

Excellent post.

Re: Some thoughts about gold/silver
 

Ok, i will diversify into many diffrent gold coins, starting with the philharmonic (hope the spelling is right) and then krugerrands and eagles.

After that i will buy some land, a couple of miles from the city. However, i live in Sweden, so most civilians (~99%) don't have any guns. It's not like in the gun-friendly U.S, here we have a big "welfare" system and the highest taxes in the world (~60%) :bawling:. But when people start hoarding farmland, ill buy some weapons, desperate people can go far.

tnx for the tips, ill go for the hard assets.

Re: Some thoughts about gold/silver
 

Agreed! Good stuff.

Re: Some thoughts about gold/silver
 

The need for grub is an interesting topic as it relates to the need for guns. People grow weaker as they get hungrier. At a certain point they become non-threats. If you run low on food, so do you.

It would stand to reason you should expend as little energy as possible in fighting your enemies.

Re: Some thoughts about gold/silver
 

I'll disagree on the city/rural scenario. The city will be wild for a short time, but rural areas will be besieged for lengthy periods.
A city is defensible as there are more places to loot and scavenge. The trick will be to be of a mindset to be able to adapt to the necessity for brutal and uncompromising methods to survive. A city building can be defended by fewer people than can an isolated country property. Yes, "they" will try to burn you out, but once the failure of that strategy proves itself in a very few realizations that they have also burned what they....wanted....the mob will again fan out into the country.
A city will have more stocked supplies. You will need the mindset of a looter to take them....and the mindset of a survivor to keep them.
But rural locations will change hands several times as the siege continues.
A line of defense for a rural location is nearly impossible to maintain especially when the weather is considered. Snipers in outlying buildings will survive better than snipers behind bushes trying to stay out of the rain.

Cities have long been the sanctuary from armed revolt or invasion. The main trick is to be PREPARED in the city. And with the same morals as the past monarchs who ruthlessly defended the cities. It will be a match of strategy and armament in either case but the rural locations will fall first.

IMO

Re: Some thoughts about gold/silver
 

That's interesting.

I live in manhattan. I wonder if there are enough like-minded people to purchase a small building to live in, but also to fortify in case the fan gets dirty.

Stuff like reinforcement of the walls and basements with heavy armored plating to prevent boring, extra fireproofing, blast proof glass in the windows with steel shutters, safe rooms, stock rooms, etc. Gunsights? A turret on the roof? Hmmm.

Just a thought. I'm in no position to do that now, but in upper manhattan, where I live, small buildings can be had for relatively bargain prices. It would be a difficult process to clear the building, but I think there is a demolition exception to the rent-control laws.

LikeGreen :smokin:

Re: Some thoughts about gold/silver
 

Agreed. Hunker down and remember that in the city a shotgun has all the range you will need. No need for a bug-out bag, bug-out tent, or bug-out vehicle. Defense has a 3-to-1 advantage over offence. Hunkering down is a viable option for the first month at least until the drug-crazed zombies die off.
:bawling:

Re: Some thoughts about gold/silver
 

One should look at what occured in New Orleans as a guide as to what to expect. From what I heard, that when faced with a gun, most would be looters just moved on to some place else.

Re: Some thoughts about gold/silver
 

I always thought they were forced to turn their gold in by federal law. Little did they know that it would be decades before they could legally own gold again.

Re: Some thoughts about gold/silver
 

Yes, prepared in the city should be the best alternative. If the currency devalues 50% in 5 months as in pre-hyperinflation germany, i'll stock up food/weapons bigtime. And i'll never leave home without a weapon.

Do they sell "gas/flash-grenades" in the US as well? (In case of a mob chasing after you)

hyperinflation => "blood on the streets"-scenario. :frown: