Gold & Armageddon: Conclusion Part 4
Add me as a friend on Facebook! www.facebook.com Get DAILY growby10 Updates on Twitter! twitter.com What all Gold & Silver investors MUST know to survive this Economic Collapse. There are many who believe that there will be a eminent and rapid collapse of the dollar and that gold is the best and some say ONLY true store of wealth and value in today’s market. This may be true, but let me challenge you to open your mind to another point of view. And if u haven’t thought threw the other side of the gold/dollar collapse issue, then you’re probably not that conscious of your own position and most likely not as secure of your own position as you might think. How much do you know about what factors are affecting the gold price and the movement in the dollar? If you can only repeat, like a trained parrot, the same talking points that the same talking head repeat over and over on the media…then you are in great need of an education on the true factors that are moving the markets and how to make sure you’re both aware and that you can take advantage of investing opportunities that are abound in this chaotic market. Please watch the entire video and please respond to the points that I make….please back up your comments w/ fact if you have them. thanks! Please RATE, COMMENT, and SUBSCRIBE. If you’re a like minded person…add me on Facebook! If you own a business, please visit the sites below to learn how to gain new customers each and every day. POWERFUL & FREE Advertising. Also …
If I had gold I would trade it either in the black-market or if I had to cuz of govmt I would smuggle it out of the country and sell in another country.
I understand your comments about the govmt but if you have hypinflation the govmt will in the end be in as much trouble as the rest of us. Govmts fall during currency crises. If people dont get paid they dont go to work that includes the police /military. Gangs you have to handle as best u can, by all means get as messy as you have to.
so what? your debts are in dollars period, not hyper or deflated dollars. if hyperinflation occurs youd be looking at 500 an hour minimum wage, so it doesnt matter how much a gallon of milk costs youre making more. Think of how easily youd be able to pay off your house at 500 bucks an hour. the losers here will be the banks holding those nominally fixed debts that cant and wont change due to hyperinflation. your argument is seriously flawed…
It’s fine to keep the hyperinflation scenario in the back of your head as a possibility. But to operate as if it is impending is delusional.
I’m trying to save my $’s in PM too, cuz I know that savings is what we/I need to do. But I’m not doing it, anticipating a scenario where we are bartering chickens for silver pieces.
Think of Gold this way…a one ounce Gold Coin bought you an upper class Senator’s toga in ancient Rome in 70BC, a fancy new suit in1931 and will still buy you a top of the line Armani suit today. It simply never loses it’s buying power no matter where or even when you are. In 1931 when the US was under the Gold standard a $20 dollar bill would also buy you that same suit. What will $20 buy you now? It won’t even pay for the suit’s tax.
You are not understanding the way life works. You state the obvious that things of intrinsic value will go up like food, oil, land, animals and that’s right but there has always been some form of MONEY in which to trade these items. You say Gold has no value, you are wrong. Gold’s value has always been as MONEY by which to trade these valuables. It does not inflate or deflate like fiat currency it simply holds it’s value as a store of wealth by which to trade goods. You are misleading people.
yawn..
Some people will trade gold for silver to break it down and there will be people in the business to do this….. a money store will trade the currency for gold coins silver coins for the “current” dollar or yuan yen or whatever. Great business to be in but you better have good security…. great jobs for gang bangers they already have the guns.
Prescient
The physical gold I hold is for wealth protection, not exchange with the local food market. If I need more money for food I will cash in some gold at the current price of the dollar at the time. Currencies will not disappear although they may be less valuable as time goes on. Your comparisons of wealthy people exchanging gold with the poor is meaningless. There’s probably a better chance the wealthy will exchange gold with the poor than a financial co. offering you a wealth mgt. job.
40 minutes later and I’ve heard no solutions, no alternatives, no options… Other than a rant comparing a starving bean eater to a wealthy metal holder and no currency in between to provide the two a solution for transaction. This video could’ve been 2 minutes long. Currencies have come and gone, inflated and deflated, always.. You need to go into money management as you claim to have been offered. Many of my friends within the investment community don’t understand money and currency either.
Every country except the USA and the UK you can go to the bank and trade gold and silver for currency.
There will always be a paper currency even if it’s virtually worthless.
So what would you do with 500k you are saving for retirement in 30 years?
Do you know what a Unit of Account is?
No mater where you are on this planet people trade and trading goods for goods is not efficient a tool called money that stores wealth is needed for storage to trade for something large.
If the dollar goes to ZERO it will be like a black out of the world. BUT like all blackouts people work to turn back on the lights. If the government can’t do it the local community will.
Gold will store your retirement wealth for when society reestablishes it self.
I would say it’s easy to pan and scrimp, to get what you already have, and that’s that. Same as with paper money, with other assets, you don’t have to live big and be obvious.
Harry’s advice about being shut out of a market makes as much sense as someone trying to buy gum with hundred dollar or thousand dollar bills. Someone could be that stupid. But who will that person be?
real easy,
jewellers and pawn brokers will become bankers.
look at history – what happenned in russia. also look at zimbabwe – they turned to usdollars.
you can always sell gold and silver for the prevailing currency
Total speculation. Keep accumulating your dollars. Your wrong about registration . I have never had to give SS# for large AU purchases.
HAppy Youtube Anniversary Harry.
Don’t forget about the mutants and the living dead and the ufos lol.
If financial Armageddon ocures I want to be self suffient for a year to let society stabilize, before exposing my gold/silver holdings. To close, a phrase from “Smuggler’s Blues”: ‘You’ve got to carry weapons, ’cause you always carry cash’.
As I said earlier elswhere, I enjoyed your posts to You Tube. In answer to some of your questions therein: At current prices/ratios, I have enough gold to heat the house for ~25yrs, and enough silver to eat for a year or two.
I’m currently insulating a corner of the basement to make a pantry/root cellar capable of holding 2-3yrs of food. I also have enough trees on the property to heat the house the rest of my life. My gold & silver is for long term wealth preservation & catastrophy insurance, at 5% & 10% mintage/commission cost it is a poor trading vehicle.
Melt it down into arrowheads or bullets lol and it wont even be good for that. There isnt going to be a currency, its going to be electronic rations on a micro chip implant but only for nations under the UN. The government wont exsist, nuclear strikes in many locations will disable our govermant and leave our troops over seas pissing in the wind, you WILL see nukes in your lifetime. In a nutshell……gold will be doodoo and detergents will be king. buy Crest and suave soap, shampoo lol
I had my first practice shot at growing food this summer. It went OK but I definitely recommend starting a garden and getting some practical experience growing food because if youve never done it before its difficult to make up for the time and experience factor. And there wont be much time to play catch up.
The other possibility is getting your stuff out of the country somewhere where the social upheaval and turmoil are not as bad. In such a case your dollars would be worthless as no one would want them; however, they will welcome your metals and maybe you have enough to get a nice property to grow food or start a small business to generate some income. Start practicing your portuguese, hindi, manderine, and russian…
good point. you would have to find wealthy investors who are interested in precious metals and who have real wealth like land as you mentioned they are willing to exchange for your metals. If you can trade them for a piece of land that you can grow food on that would be the best bet.
For those people who do not have gold or silver, there is another way. I won’t use the word Communism, because it freaks people out, so let’s use the word tribalism. You will have to live as in a tribe and share what you possess in order to “buy” protection and security. Somewhat like the Amish. Then we can party like it’s 1899! Many hands make easy work.