Silver, gold, diamonds vs knives, guns and bullets

[Dien Rice]

Originally Posted by GordonJ

As for gold, when IT (the shyeet) goes down, my opinion: you can't eat gold. I think it is, perhaps, the biggest scam on investors ever perpetrated.

Hi Gordon,

I read that one of the reasons why gold is valued in "hard times" is because it's easy to take it with you when you escape!

1 oz of gold is now just short of $1200. That means if you want to "run away" and carry a wealth of $100,000... You'd just have to carry around 100 oz of gold, or around 6 lbs (or just under 3 kg for metric folks). Easily doable for the average man or woman!

It's interesting, but... I read that when the Spanish went to South America, even though the two peoples had never met before, they both placed a high value on gold!

Why do we value gold? It seems the bottom line is because gold preserves itself... It doesn't react with things, rust, tarnish, decompose, or otherwise degrade, unlike almost everything else... A golden statue created today, will look pretty much identical 1,000 years from now. If you're going to use something for "money" - you generally don't want it to rust or decompose...

Why do we value gold?
http://www.bbc.com/news/magazine-25255957

Anyway, I didn't know this before... I only just found about it now after getting curious from reading your post, and doing some "Googling"...!

Best wishes,

Dien

[GordonJ]

"Gold has never NOT had value." G. Gordon Liddy, pitchman and former "plumber" of Watergate infamy.

And the well heeled herd believes.

When the markets crash, it more than likely will not be because of a natural disaster (although could be)...it will probably be a result of political moves in the world currency markets, IF there is a split over whether the dollar remains the "gold" standard of trade.

Because gold (and diamonds and silver) has always had value, it always will. This is the Normalcy bias which is going to doom the profiteers, the speculators, those licking their chops over the impending crash so they can profit while millions are thrown into the chasm of despair.

The ONE difference in today's times, well armed "gangs", an abundance of low cost ex-military for hire, and a couple of decades of preparation.

Those in the enclosed enclaves, those walled bastions of wealth, like Atlantis in Lake Worth FL for example...could be seized and taken by any of the SEAL teams.

Gold speculators expect and prepare for a collapse, but they woefully under estimate the hoi polloi responses, which, this time, will NOT be as docile as they may think.

When the hunger of the masses passes the tipping point, the gold meisters find their families bloody in the streets or in the basements ala Romanoff's of Russia.

You can't eat gold. It may be worthless when trying to buy a jar of instant coffee, but, with the right guns and the skills to use them, you could come away with both gold and coffee if you're the third party in this transaction.

G. Gordon Liddy may soon be shilling bullets, "they have never not worked on the unarmed".

Gordon

Originally Posted by Dien Rice

Hi Gordon,

I read that one of the reasons why gold is valued in "hard times" is because it's easy to take it with you when you escape!

1 oz of gold is now just short of $1200. That means if you want to "run away" and carry a wealth of $100,000... You'd just have to carry around 100 oz of gold, or around 6 lbs (or just under 3 kg for metric folks). Easily doable for the average man or woman!

It's interesting, but... I read that when the Spanish went to South America, even though the two peoples had never met before, they both placed a high value on gold!

Why do we value gold? It seems the bottom line is because gold preserves itself... It doesn't react with things, rust, tarnish, decompose, or otherwise degrade, unlike almost everything else... A golden statue created today, will look pretty much identical 1,000 years from now. If you're going to use something for "money" - you generally don't want it to rust or decompose...

Why do we value gold?
http://www.bbc.com/news/magazine-25255957

Anyway, I didn't know this before... I only just found about it now after getting curious from reading your post, and doing some "Googling"...!

Best wishes,

Dien

Originally Posted by GordonJ

"Gold has never NOT had value." G. Gordon Liddy, pitchman and former "plumber" of Watergate infamy.

And the well heeled herd believes.

When the markets crash, it more than likely will not be because of a natural disaster (although could be)...it will probably be a result of political moves in the world currency markets, IF there is a split over whether the dollar remains the "gold" standard of trade.

Because gold (and diamonds and silver) has always had value, it always will. This is the Normalcy bias which is going to doom the profiteers, the speculators, those licking their chops over the impending crash so they can profit while millions are thrown into the chasm of despair.

The ONE difference in today's times, well armed "gangs", an abundance of low cost ex-military for hire, and a couple of decades of preparation.

Those in the enclosed enclaves, those walled bastions of wealth, like Atlantis in Lake Worth FL for example...could be seized and taken by any of the SEAL teams.

Gold speculators expect and prepare for a collapse, but they woefully under estimate the hoi polloi responses, which, this time, will NOT be as docile as they may think.

When the hunger of the masses passes the tipping point, the gold meisters find their families bloody in the streets or in the basements ala Romanoff's of Russia.

You can't eat gold. It may be worthless when trying to buy a jar of instant coffee, but, with the right guns and the skills to use them, you could come away with both gold and coffee if you're the third party in this transaction.

G. Gordon Liddy may soon be shilling bullets, "they have never not worked on the unarmed".

Gordon

Read Howard Ruff for your solution. Just my 2¢.

I realized the forum and thread importance last night when i was reading it out for the first time. I am so surprised with the knowledge of contributors to this forum. Thanks for lovely platform.

No one is active in this forum. Why is that?

[GordonJ]

Originally Posted by Begather

No one is active in this forum. Why is that?

You have two posts. One, a thanks for the forum, the second which wonders why there is limited activity.

Can you see the answer to your own question?

Any forum is as active as the users make it. Although many are filled with takers, who visit, and on occasion criticize, but don't contribute.

So, step up and post or stand down on your stupefaction.

Gordon Alexander

[Dien Rice]

Originally Posted by Begather

No one is active in this forum. Why is that?

We're currently getting over 2,000 unique visits a day... Yesterday, for example, had 2,277 unique visits. A few days ago we had 2,949 unique visits. The number of visitors are more than ever before...

People like what they read here...

We kill spam, we're very tough on spam. That policy won't change...

- Dien

[Dien Rice]

Originally Posted by GordonJ

"Gold has never NOT had value." G. Gordon Liddy, pitchman and former "plumber" of Watergate infamy.

And the well heeled herd believes.

When the markets crash, it more than likely will not be because of a natural disaster (although could be)...it will probably be a result of political moves in the world currency markets, IF there is a split over whether the dollar remains the "gold" standard of trade.

Greece just defaulted on its payment due to the IMF...

Why should anyone care? Greece is just a small country, by world standards...

They care because people fear the "domino effect"...

France, Italy, and Spain all also owe huge amounts to the IMF. What if they default too?

Greece owes 57.23 billion euros, France 42.98 billion, Italy 37.76 billion and Spain 25.1 billion.

It'll be a race to get your money out of the market before the next guy does...! We can see some of that already, with the recent fall in the S&P 500...

Not saying we're there yet - it depends on what happens with Greece, and whether other "dominoes" are in danger of falling...

But, where will that money taken out of the market go?

Generally, cash, bonds, precious metals...

Is that what will happen? That's what some people are fearing...

Best wishes,

Dien

[GordonJ]

I've got a stash of water filters and coffee.

Worth more than gold when it bottoms...

Gordon

PS. Plus the ammo.

PPS I miss Kurt Saxon

Originally Posted by Dien Rice

Greece just defaulted on its payment due to the IMF...

Why should anyone care? Greece is just a small country, by world standards...

They care because people fear the "domino effect"...

France, Italy, and Spain all also owe huge amounts to the IMF. What if they default too?

Greece owes 57.23 billion euros, France 42.98 billion, Italy 37.76 billion and Spain 25.1 billion.

It'll be a race to get your money out of the market before the next guy does...! We can see some of that already, with the recent fall in the S&P 500...

Not saying we're there yet - it depends on what happens with Greece, and whether other "dominoes" are in danger of falling...

But, where will that money taken out of the market go?

Generally, cash, bonds, precious metals...

Is that what will happen? That's what some people are fearing...

Best wishes,

Dien