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9 Comments

  1. Re: The articles from Kitco.
    I am starting to find that site, and goldsilver.com, to be more of a sales and marketing ploy than really plausible prognosticators of future PM demand and prices. Of course PMs will go up – eventually. Kitco has been predicting huge price increases for years now and all their drum-beating has not made it happen. Obviously the people running the show have an agenda which totally ignores what the gold bugs wish would happen.
    In much the same way that bitcoin is going to be worth $90,000. I think cryptos are never going to be “worth” squat. They may COST more and more, but who of us is really going to be investing in things we can’t see or trust to be there if the lights go out. Investing in cryptocurrencies is speculation, more wishful thinking. 21st Century Tulip Bulbs.

    1. So true!
      I always have a good chuckle when reading the predictions of silver and gold pushers. They spend 99% of their time yelling from the rooftops about the downward manipulation of prices through the use of options contracts, yet when the price goes up, it’s as if the Almighty himself has reached down to right the wrongs, completely ignoring the fact that it’s those same options that have caused the price to rise. The traders make money on the way up and down and don’t actually care about price.

  2. Does it really matter what silver cost today in US dollar? In 1960 you could buy a gallon of gas for a silver quarter. Today you can also buy a gallon of gas with the value of a silver quarter. That trend will still be there 20 – 30 years down the road at what ever the cost of silver hits.

  3. Kitco WOULD be right… if J.P. Morgan and the other banksters, weren’t shoveling “paper silver & gold (ETF’s)” out the door, as fast as they can reload the copiers. ONLY when that House of Photocopiers collapses, will we ever know the REAL value of metallic gold & silver in the 21st century…

  4. Hedging primary elections? Look at long term options(leaps) for evidence of moves to protect. The only real protection is PM’s,foreign bank accts.,second passport and residence and crypto currencies.

  5. CM Dutch,

    You are right about the actual value of precious metals. In 1912 you could buy a higher end Ford car for 800 silver dollars or 40 gold double eagles. Today you can’t buy the higher end Ford car for 800 silver dollars. However, you can buy that higher end Ford car or maybe even a Lincoln for those same 40 gold double eagles. Some things still equate to what silver bought way back when, some things equate to what gold bought. There has been a separation between the two. The difference between the past and now is the Federal Reserve and their meddling in the value of money.

    We used to have a stable economy, BTF (before the fed). There were always spikes up and down, but it always worked itself out and remained stable and consistent because the value of money did not change. Recessions and depressions were of very short duration and the markets sorted themselves out in short order. There was little to no inflation. The free market actually worked. ATF (after the fed), inflation was built into the system. The value of money only started to change when 1933 came and gold was removed from circulation. It still stayed relatively stable until 1965 and there was almost no silver in circulation. So the precious metals held inflation in check for the most part. Now inflation is a permanent part of the system, built in, and the value, purchasing power, of money is less every year than the year before. Can we say rigged game? It is rigged against us.

    I’m with Ron Paul. End the FED, stabilize our money basing it on a basket of precious metals, then let the free market actually work it’s magic.

    1. [ caution == downer alert ]

      Let’s start at the beginning:
      Fiat currency has zero value.

      The statement “…the value of money started to change…” gives the impression printed papers hold value. If paper money has some imaginary intrinsic value, my local gun shop owners would gladly accept Venezuela government promises or Zimbabwe government promises as easily as Bitcoin promises. Clearly, to the gun shop owners, the value of firearms and components exceeds some arbitrary ‘value’ the bankers assign to fiat currency by changing the number they print on it.

      As one commenter here mentioned, the bankers operating the ‘photo-copier’ machines are cranking-out paper money 24/7/365. Their hope somebody will accept that paper is based on ThePerpetualGrowth theory… inside a closed system! For one example, according to engineers, we passed Peak Oil in the 1950s; fracking is propped-up by the bankers loaning fiat currency to frackers… and we are witnessing that decline hourly.

      Without oil, our factory-farms collapse.
      Without oil, our fishing industries collapse.
      Without oil, our militaries collapse.
      Without oil, transportation returns to horses and walking.
      Inside a closed system, this contraction is inevitable.

      But! but! but! what about TheMainStreamMeadia pronouncements of immense oil fields ‘discovered’ off Brazil! All the new shale extraction methods developed by Canadians and Russkies!
      You are kidding, right? Distrust TheMainStreamMeadia on all other stories, but believe them on this? Nope.

      The Energy-Return-On-Investment is shrinking.
      Producing burnable oil products is rapidly approaching 1:1; it costs as much to produce it as consumers are able to pay for it.
      Without profit, growth collapses.
      Without growth, bankers cannot collect interest on loans.
      Without loans, bankers have no reason to exist.

      To re-cap:
      The bankers assign an imaginary made-up ‘value’ to scraps of paper by slightly modifying the inked numbers printed on the paper.

      Bankers are not in business to make friends.
      Indeed, bankers do not trust bankers.
      For a current example, look into the over-night “Re-Po” lending rates bankers use.
      The bankers understand the ’embarrassment’ of being the last doofus holding promises from other bankers.

      Similar to stocks and bonds, fiat currency merely establishes an actionable interest in durable tangible goods in your possession. Examples are farm-land, tools, domesticated animals, food, meds, and the security to protect your possessions.
      The last example is your time, the amount of hours you can invest in producing something to trade for food, meds, security.
      Your time is your most valuable possession.
      Your second most valuable possession is your ability to produce viable off-spring… a child with skills and experience.

      For years of simple explanations advocating moving out of being the last doofus holding paper money, read:
      * BisonPrepper James M Dakin.
      His ‘hermitage’ advice mirrors Remus of WoodPileReport… avoid crowds.

      You own something as long as you can hold it in your hands.
      Or you could be the last doofus proudly owning a vault of fiat currency.
      Ask a banker for her / his choice.
      But don’t expect an honest answer. Because bankers.

  6. Gold and silver are tangibles that have held value and purchasing power over the many years.
    The prices fluctuate at the whim of the markets traders, for reasons even they don’t understand and can’t explain.
    When the SHTF arrives I sure don’t want to be holding dollars.PMs are under valued currently.If you can buy consider fractionals.
    If you don’t it hold it,you don’t own it.

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