From Birch Gold Group
This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Why big investors might be preparing for a crisis by buying gold, gold is more than a safe-haven asset, and Poland repatriates 100 tons of gold from the Bank of England.
As prices pull back, Ray Dalio and central banks are pouring their money into gold
Gold prices have pulled back from their summer highs, yet the largest investors are hardly losing interest in the metal. Instead, the massive inflows into gold suggest that they might be preparing for a coming crisis that others could be sleeping on.
In a recent interview with Kitco, Phil Streible, senior market strategist of RJO Futures, said that gold still has a little room to go lower with major support at $1,425 before a possible strong bounce up to the $1,550 resistance level. Ray Dalio, a long-time advocate of long gold strategies and manager of the Bridgewater Associates fund, has made the most of these valuations by adding roughly $1 billion of put options on the S&P 500 Index. Having already made the fund largely gold-oriented and reaped the benefits as the world’s best-performing fund, Streible finds it interesting that Dalio and his team are making an even bigger bet on gold during times of minimal price action.
Another group that has been buying gold in spades have been central banks, which are on track to exceed 750 tons in total gold purchases by the end of the year after already posting an all-time high figure of 651 tons total in 2018. Streible thinks that a bid for safety is the primary driver behind these purchases in an era of global trade wars and currency issues.
Regarding currencies, Streible noted that the dollar has uncharacteristically pulled back alongside gold, which could be indicative of selling due to a loss of faith along with an unwillingness by investors to store their money in banks with low or negative yields. And although interest-rate dependent data has been keeping up so far, Streible added that market watchers should watch out for this week’s trade data report, which could come out as underwhelming.
How gold acts as much more than a simple haven asset
In a recent analysis on TheStreet, Scott Bauer went over some of the things regarding gold’s supply and demand dynamics that separate it from other assets and potentially spell exciting things for the gold market over the long term. On the face of it, investors tend to view gold as just another asset, one that is turned to as protection from all forms of uncertainty.
For others, however, gold can oftentimes act as one of the cornerstones of a country’s economy. To the top gold-producing countries, the yellow metal creates employment, attracts foreign investment and provides tax revenues. Past that, developments in regards to mine supply directly affect the price fluctuations in the gold market.
The basis of gold’s allure and the reason why it has acted as a gauge of value for millennia has been its scarcity, as it is known to have a finite supply within the Earth’s crust. Over the past few years, however, the supply picture has rapidly shifted and posed questions over the metal’s availability moving forward. Bauer notes that little has changed in terms of gold production since 2016 as he, like many other analysts, believes that all the easily-available gold has already been mined.
From here, producers face an increasing amount of obstacles as they have to dig deeper, in every sense of the term, to obtain gold. Some experts think that South Africa, a top producer of gold, could run out of accessible ore in the next 40 years. Others believe that, barring an unforeseen technological advancement, gold mining could become unsustainable as early as 2050. And while the possibility of the world running out of newly-mined gold offers the potential to redefine the metal’s value further down the line, the rising difficulties that miners are already facing could positively affect gold prices much sooner than expected.
Poland takes back 100 tons of its gold from the Bank of England’s vaults
In the past year, Poland has joined several other European countries that made a sudden entrance to the gold market with multi-ton bullion purchases. Poland’s appetite for gold has been especially notable, as the country purchased roughly 126 tons of bullion between 2018 and 2019.
According to the World Gold Council (WGC), central banks have been employing a gold-centric diversification strategy in a bid to both move away from the dollar and shield their economies from geopolitical turmoil. In Poland’s case, however, the country’s central bank has also decided to repatriate 100 tons of gold that were previously held in the vaults of the Bank of England.
With the gold bullion back within the nation’s borders, Poland now boasts a gold hoard of 228.6 tons, making it the 22nd-largest bullion holder in the world and the biggest holder on the eastern side of the European Union.
Speaking of the decision to bring the bullion back home, Poland’s central bank Governor Adam Glapinski said: “The gold symbolizes the strength of the country.” In a statement given to reporters, Glapinski also revealed that Poland has no plans to part with any of its bullion but is open to the prospect of further gold acquisitions. As multiple reports by the WGC have pointed out, the exponential rise in gold purchases from the official sector have brought overall gold demand to a three-year high.
With global tensions spiking, thousands of Americans are moving their IRA or 401(k) into an IRA backed by physical gold. Now, thanks to a little-known IRS Tax Law, you can too. Learn how with a free info kit on gold from Birch Gold Group. It reveals how physical precious metals can protect your savings, and how to open a Gold IRA. Click here to get your free Info Kit on Gold.
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Seems Poland may have some insight into future conflicts and wanted to have some real money during the clash.
Indeed. They’re late to the party, but they did commit to the trend by repatriating their gold, and taking physical delivery.
It’s a trend worth noting, not lost on gold advocates.
What struck me is the article’s mention of central banks’ trend of stockpiling physical.
For everybody here, me included, that rails about how evil the central banks are, controlling the wealth, it speaks volumes that by that strategy, they are hedging their bets.
For after the fiat Ponzi scheme collapses, they want to still be the major players in the control of internationally acceptable funds to conduct transactions.
More and more western nations are taking a cue from what Russia and China have been doing for the last 10+ years, in stockpiling physical gold bars.
So, doesn’t it behoove little pissant individuals to do the same, on a much smaller level, in preparation for when the $USD is realized as no longer holding its value?
Sure, it’s currently the most commonly used currency, but the trend is undeniable, in this mother of all debt bubbles.
i.e., the Petro dollar’s days are numbered, as more countries move off the $USD standard, toward alternate methods of payment for account settlement.
When will it all blow up?
How much time do we have left?
Nobody owns a crystal ball, but whoever is holding paper claims on assets, and hoards of fiat might just be left holding worthless assets.
And wealth claims will either vaporize, or just be transferred into the hands of those who are strategically positioned to claim it.
With cultures, diversity has its flaws. With assets, the strategy of diversifying your holdings is a proven way to insure all will not be lost, when the Wipeout accelerates to high velocity.
All in is a questionable risk.
But allocations to gold and silver used to be 10% of net worth.
Perhaps bumping that up to 15 or 20% would be wise, based on the trend being our friend.
Augee.
“And wealth claims will either vaporize, or just be transferred into the hands of those who are strategically positioned to claim it.”
Yup. That’s been my pet rant here lately in response to the cries of let’s just default by the keyboard “Solutionists”. the “Strategic Positioners” will do what Strategic Positioners always do and claim those US fiat tickets we call dollars by claiming the US.
Doubters can see “The Secret War in Africa on ZH for how it will be done.
Anyone with 50 spare bucks should go to the nearest pawn shop and buy a little silver or go to walmart and buy some ammo. They will both be worth their weight in Gold if you’ll pardon the pun.
Agreed, Flea, bud I’d steer you to a trustworthy coin shop instead.
I’ve browsed pawn shops before. Used tool prices are lower than new retail cost, but not an extreme bargain.
With coins, you’ll pay a higher premium than spot, just like a coin shop.
If down the road redemption back to fiat is necessary, your friend at the coin dealer would give you fair value moreso than a pawn shop would, I believe.
Augee.
Yes that’s true. Pawn shop was just an old generic term because in my travels the names and services provided vary.
“So, doesn’t it behoove little pissant individuals to do the same, on a much smaller level, in preparation for when the $USD is realized as no longer holding its value?”
theoretically, sure. but in reality 1) long before the fiat debt dollar fails, private ownership of gold will be banned again. “money-laundering and drug-dealing and trump-supporters” and all that. 2) so few people will have any gold or silver that no business entity will be able to function using gold or silver and they’ll be prohibited from doing so anyway. so it will all fold up and the grid will shut down and there will be nothing you can buy with any amount of gold.
There is no such thing as a corrupt country that doesn’t have a black market.
Damn, man. I have to get me one of those crystal balls you must have, that lets you see what is going to happen in the future reality you claim will contradict theory.
The past? as FDR did in the 30’s?
Anything’s possible, but?
As for dollar demise? That’s not a prediction. That’s been trending since 1913, and only gotten worse.
The U.S. Mint produced silver coins up until 1965, then both gold and silver Eagles for the last 20+ years.
So, one day, they’re just going to declare owning it illegal, then apply forced, legalized confiscation, huh?
Whatever, Nostradamus.
To each his own.
I’ll take my chances.
As far as the FDR bluff here is a good review. Will the past be prologue, who knows, but I can tell you this, if you have all the other Preps done STACK!
And if they ever demand you turn it in for their toilet paper again…DON’T.
Author: Don Stott | Publish Date: 08/26/2019
“Well, suppose they confiscate my gold just like Roosevelt did 75 years ago?” If I have heard that once, I must have heard it a hundred times. Did Roosevelt confiscate everyone’s gold back in 1933? If he did, how come there’s still a lot of it for sale in a thousand coin shops and numismatic dealers?
Let’s start at the beginning and see what really did happen. The first thing we must remember, is that America was in the midst of a severe depression, caused by lose money issued by the Federal Reserve, which they still are doing. There was such an enormous amount of “liquidity” floating around, as today, that everyone was buying stocks on margin of over 90% at times, which is not happening today. The stock market was on everyone’s lips and minds. Bootblacks and janitors were buying stocks. Stocks would supposedly go up forever, and there was no risk. Ha Ha. The market crumbled and crashed, leaving everyone out on the well-known limb, owing for stocks which often times weren’t worth not much more than the paper on which they were printed. The result was that in fairly quick order, over 25% of the American work force was on the street selling apples, on the dole, or in bad shape in one way or another. Times were tough, to make it sound kind!
Roosevelt wanted to pull America out of the depression. He thought up all sorts of make-work schemes, and anything to put people to work. But he didn’t have any money. Remember, unlike now, the dollar was BACKED BY GOLD. He therefore needed all the gold he could get, so he could print more dollars to spend in placing more people in those make-work jobs. Everyone knew that gold and dollars were synonymous. Americans were carrying gold coins in their pockets just like they were money, which they were. Small, dime size gold coins were a dollar, and there were $5, $10 (Eagles) and $20 (double Eagles) coins in general circulation everywhere. Gold was money, dollars were money, and the two were the same. How could FDR get gold, so he could print more dollars to spend, to get us out of the depression?
He also had the farmers on his neck. They wanted higher prices for their crops, and there wasn’t any money around to give to them. On March 9th, 1933, FDR declared a “Bank Holiday,” with all the banks closed. Bank “runs” had posed another problem for the “New Deal,” as Roosevelt called his massive move towards abject socialism. People were closing their savings accounts and bouncing checks by the millions, just to survive in some cases. Today, we have millions of credit cards maxed out for the same reason. There was no FDIC then, so no savings account was insured. (Today, the FDIC has less than a nickel in its accounts for every $100 worth of insurance). Banks had made huge margin loans on now worthless stocks, and they had no money to pay for savings account closures. FDR allowed they could close for a ‘holiday,” so they could get their troops in order. Many didn’t, and never re-opened again. My Parents lost money in a bank which never re-opened.
Banks were in deep trouble. People were demanding their money, and the banks didn’t have any. There was no FDIC, and dollars were backed by gold. The treasury had to have gold to print more dollars to make everyone happy, banks whole, and to fund make-work projects. What to do? Get some gold! How? The mines were producing all they could, but more was needed. More dollars were needed for stuff that didn’t help get us out of the depression at all. Nothing Roosevelt did, got us out of the depression, or even help a bit. As a final effort, he outraged the Japanese enough that they bombed Pearl Harbor, and we were at war. The depression was over.
Roosevelt had the brilliant idea that he would order everyone to turn in their gold in exchange for paper dollars, which were backed by gold. On April 5, 1933, Roosevelt issued Executive Order # 6012, which ordered Americans to surrender their gold to the government by May 1st, 1933. Violations were to be subjected to a $1,000 fine and as much as ten years in prison. First of all, an Executive Order is not in the Constitution, and an Executive Order could never levy a $1,000 fine or ten years in the slammer! But Americans were broke, miserable, and that $20 gold piece they had squirreled away would buy a lot of food, with bread at less than a dime a loaf. Those who couldn’t afford to hold their gold, turned theirs in and received brand new paper dollars for their gold.
The gold allowed more dollars to be printed, which were foolishly used for nutty things, and none were of help in fighting the depression. A couple of days later, on May 7th, FDR had one of his “Fireside Chats” over radio, to soothe the American outrage. He said that if Americans continued to ‘hoard’ gold, there wouldn’t be any left, and therefore in the interest of fairness, government should own all of it, and use it wisely. Ever hear of such claptrap? Gold markets have existed for thousands of years, and gold has endlessly changed hands around the world! Smugglers and black markets in gold have flourished in times of war, peace, or dictatorships. FDR also persuaded Congress to wipe out the gold clause in existing contracts, which specified payments to be made in gold. In a Joint Resolution of June 5, 1933, all gold payments in existing contracts were made null and void. Even Congress, stupidly went along.
On January 31, 1934, Roosevelt signed into law the “Gold Reserve Act,” which set the gold price at $35 per ounce, as opposed to the former $20.67 In other words, he had stolen hundreds of millions of dollars from Americans by raising the price of gold by about 70%! What in reality he had done, was to lower the value of the dollar by 70%, in relation to gold. It is estimated that Roosevelt hauled in $7 billion worth of gold from submissive Americans, and still the depression kept right on going.. My Dad was a corner druggist in Washington D.C. for 36 years, and I grew up in that drug store. I’ll always remember those days as being educational, and lots of fun. I can still hear my Dad calling Eleanor Roosevelt “Old Horseface,” and bellowing about Roosevelt, calling him every name in the book. He hated the Roosevelts, as did all businessmen, and anyone with a farthing of sense.
Did Roosevelt’s Executive Order # 6012 “seize” everyone’s gold? No! How could anyone know who had it? Gold coins have no serial numbers, and practically everyone had them. Could government seize socket wrench sets if it passed a law saying that everyone had to turn theirs in? Could government ever know how many people had bought socket wrenches from hardware stores, auto supply stores, Sears Roebuck, Montgomery Ward, et al? Socket wrenches have no serial numbers, and they certainly don’t have to be ‘registered’ when you buy a set. Both have uses, and both may be about the same size I suppose. Those who didn’t need the dollars, undoubtedly said to themselves, “Me? Give you my gold? “Hell no!” Those who were living at the edge of starvation, having lost their jobs, having lost their savings in closed banks, and seen their stocks go to virtual zero, naturally gave their gold to the government in exchange for bread money. No one was ever fined, and no one ever went to jail for an Executive Order which could never have been enforced. There are actual laws against prostitution and drugs, but they flourish on a daily basis. Hookers and drugs have no serial numbers either, and aren’t registered like car titles, real estate deeds or stocks.
How could government “seize” your gold, when no one knows you have it? Registered guns have possibilities for seizure, because of their registration, but when they come to get yours, as I am certain they will, you “had it stolen,” “sold it at a yard sale,” or “gave it away,” hopefully. No gold coin is “registered,” and no gold coin has serial numbers other than the Credit Suisse 1 oz gold bars. A decade ago, in Silverton, Colorado, a miner was accused of stealing gold from a mine, after lots of it was found under his bed. It went to court, and Henry Kolego’s lawyer asked the prosecution if the supposed stolen gold looked different if it came from one mine or another? “No.’ Does the supposedly stolen gold have serial numbers for identification? “NO.” Henry K. went free. Did he steal it? Probably, but it was totally un-provable.
Can anyone from the government, seize your gold like Roosevelt did? How could they? Gold is not radio-active, so a Geiger Counter wouldn’t work. “Well, they’ll check your supplier or seize your records.” If you had gold at one time, how could anyone prove you still had it if you had given it away, sold it, or had it stolen? Like registered guns, if you please. The thought of government going through a million court cases, violating the Fourth Amendment, trying to “seize” your hoard of Krugerrands, borders on the insane and, at least is laughable. As a refresher, the Fourth Amendment says in part, “The right of the people to be secure in their persons, houses, papers and effects, against unreasonable searches and seizures shall not be violated.” Is it illegal for you to purchase gold or silver? No. Is it illegal for you to own them? No. Ever hear of the legal term “ex post facto law?” Just forget the “seizure” nonsense, and protect yourself.
From: http://www.coloradogold.com
Thanks, Man. I knew you’d have my back.
And if shit gets real, and comms are still up and running,
I might ping you and see if you could use another set of hands down at your Gulch.
If not, I understand. Of course. But I’d bring much value to the cause.
-Au
Mark.
Re, Rosies executive order and instilling fear(in honest people). My Mom, bless her heart, went to her grave without ever having pulled off a do not remove tag from a pillow.
you don’t get it. the point of banning gold is not to seize your gold – they don’t care what you have – rather it’s to prevent its use as money. sure, you’ll have a little back-room trade and barter going on here and there, but they’ll be in control of the vast bulk of the economy, and you’ll have to conform if you want to survive. you won’t be able to buy gasoline with gold. you won’t be able to pay property taxes with gold. you won’t be able to buy any significant quantity of food with gold. you won’t be able to buy any significant quantity of clothing with gold. you won’t be able to buy shoes with gold. to get those things either you’ll make them yourself – which most of you can’t – or you’ll be forced to use whatever monitored electronic currency they impose, because they own the entire electronic financial system that no modern business can operate without and that they will require you to use. and anyone that doesn’t fully and completely participate in the monitored system will stand out like a sore thumb. “hey, this guy is only buying 500 calories of food a day, he’s got something going on elsewhere.” “hey, this guy isn’t buying much gas for his car, he seems to be getting 100 mpg, he’s got something going on elsewhere.” and you’ll be flagged for closer attention.
gman,
I get the history of Gold and Silver, black markets/human nature, self-sufficiency, prepping and wealth management. Been studying those most of my adult life. We just have a different opinion of the future as far as Gold’s value and ability to spend.
I think you are far too extreme on your Gold will be useless view.
I think you are underestimating the current Black Market let alone the future massive expansion of the one coming after TSHTF.
EVERYTHING YOU WANTED TO KNOW ABOUT THE BLACK MARKET
https://www.businessinsider.com/everything-you-always-wanted-to-know-about-the-black-market-but-were-afraid-to-ask-2012-1
Plus, many of the items you list you won’t be able to buy with Gold you won’t want to use Gold for, it will be far too valuable (I like Gold in ¼, ½ & 1 ounce coins) you will use your Silver to purchase small items. FDR Dimes will become extremely valuable and useful as well as other Silver coins for routine purchases.
It sounds to me like you are describing the level of control during the last 3.5 years of the Tribulation (don’t know if that was your intention of not) but my view is if you have enough wealth…put some of it (that percent is a unique individual wealth preservation number) into some Gold – after the first 12 ‘Wise’ preps are secured in my post at the bottom of this thread, and if you don’t…I believe you will regret it.
As far as the last 3.5 years of the Tribulation (to wander off on that tangent) when the level of control will be much like you describe, if I make it that far (and that is possible as I hit the gene pool lottery at birth and live extremely healthy) I intend to either end up one of the *killed Saints (and not passively by the way) under the alter in a white robe asking God when my blood will be avenged or (preferably) surviving supernaturally until the Second Coming!
After that all the Gold I will see will be the streets paved with it I will be walking on.
REVELATION 6:9 Berean Study Bible
“And when the Lamb opened the fifth seal, I saw under the altar the souls of those who had been slain for the word of God and for the testimony they had upheld”.
REVELATION 21:21 Berean Study Bible
“And the twelve gates were twelve pearls, with each gate consisting of a single pearl. The main street of the city was pure gold, as pure as transparent glass”.
In the end Gold will be nothing but pavement, but the verse below tells me the Luciferian Banksters will cling to it until their bitter end. They are currently pouring their stolen wealth into it, and it will end up like this for them.
JAMES 5:3 Berean Study Bible
Your gold and silver are corroded. Their corrosion will testify against you and consume your flesh like fire. You have hoarded treasure in the last days. Look, the wages you withheld from the workmen who mowed your fields are crying out against you. The cries of the harvesters have reached the ears of the Lord of Hosts.…
Five years ago this month I made one of my first comments, about gold, on TBP. I had just bought my son his first gold for his sixth birthday, a quarter ounce necklace, and used it to commence his monetary education.
His stack has grown since then and his interest has been a great springboard to introduce him to the concepts of economics and business. One of my better parenting decisions and I am confident his higher education costs will be covered.
In gold we trust.
BTW, can my soon to be 11 boy claim the title of the youngest TBP reader outside of America? Overall perhaps? I do not recall this topic coming up before, any more kids out there with the bug?
Forget gold. Buy low, sell high. Destroy a nation. Get a bailout . Muh free market works .
With Singer and the other funds at the helm, the company took billions of dollars in government bailouts. Obama’s auto-czar compared the tactics to extortion. Once they had the bailout money, the funds moved most of Delphi’s jobs overseas, and then either cut retiree pensions entirely or shifted the costs to taxpayers. With lighter financial commitments at home, and cheap factories abroad, Delphi’s stock soared. According to investigative reporter Greg Palast, of the 29 Delphi plants in operation when the hedge funds started buying Delphi debt, only four were still operating in the United States by 2012. Tens of thousands of unionized and white-collar workers lost their jobs. Paul Singer’s hedge fund cashed out for more than a billion dollars.
n October 2015, Singer’s hedge fund disclosed an 11 percent stake in Cabela’s and set about pushing the board to sell the company. Cabela’s management, fearing a long and costly fight with Singer, announced it would look for a buyer. At the time, Cabela’s was healthy. The company was posting nearly $2 billion a year in gross profits, off $4 billion in revenue. There was no immediate need to sell. But they did anyway. One year after Singer entered the equation, Bass Pro Shops announced the purchase of Cabela’s. The company’s stock price surged. Within a week, Singer cashed out. He’d bought the stock for $38 a share. He sold it for $63. His hedge fund made at least $90 million up front, and likely more over time.
But in Sidney, Nebraska, it was a very different story. The residents of Sidney didn’t get rich. Just the opposite. Their community was destroyed. The town lost nearly 2,000 jobs. A heartbreakingly familiar cascade began: people left, property values collapsed, and then people couldn’t leave. They were trapped there. One of the last thriving small towns in America went under. We recently sent two producers to Sidney, to survey the wreckage and consider what happened. Our producers talked to more than a dozen former Cabela’s employees. Almost all of them refused to speak on camera, fearful of legal retribution from the famously vicious Paul Singer.
https://www.infowars.com/tucker-vulture-capitalists-like-paul-singer-have-looted-our-country-and-destroyed-rural-america/
Dalio is late to the party.
Some pretty smart people have been reporting on this for years, not months.
“As prices pull back, Dalio and Central Banks are pouring their money into gold”. What BS. The central banks are causing the pullback and have been for at least 5 years with naked shorts which allows them to hoard at cut rate prices. It cost them 5 trillion a year in expired uncovered shorts but that is being passed on to taxpayers. That isn’t the only reason they are suppressing PM’s though. Without it people would notice the currency debasement because the true market price would skyrocket.
We are in the middle of a stealth dollar devaluation and reset to gold at true market value.
Everyone is looking for a Black Swan to cause the last stage of the reset. I’m looking for a white swan sprayed with some cheap black spray paint to blame it on.
I don’t think it is “stealth dollar devaluation” anymore, Flea. It’s right in our friggin’ faces (and pocketbooks.)
SeeBee.
You’re right but the masses are so Flouridated it’s still invisible to them.
Flea, I think I love you.
Easy there big fella. This is an open forum.
You two can get a room?
Gold repatriation started in 2010, escalated in 2012, and has been going on constantly behind the scenes since then. Except for Canada who sold all theirs. 😉
Canucks are mostly idiots.
The only question is when…not if…this giant casino of inflated bubbles in markets, bonds, real estate, antique cars, art, etc…crashes and burns. I am surprised that they have managed to keep these bubbles inflated this long, but as Adam Smith in The Wealth of Nations observed…there is a lot of ruin in nation. But the end draws near and we are now looking into the abyss of the greatest destruction of Fake Wealth that ever existed on planet earth followed by the Greatest Depression the world has ever experienced. Gold and silver will become the currency of exchange along with the essentials of survival – farm land for food, woodlot for heat and a basic shelter. The times will be cruel which I view as a raging forest fire to clean out the deadwood of twisted minds, bad ideas and corrupted governments and institutions. The collapse of the Roman Empire in the west was followed by the Dark Ages that lasted some 500 years…so rebuilding our civilization will probably take time assuming that we do not descend into something even worse.
Rome did not collapse over night, it collapsed slowly, as their “FED” debased the coinage, until it was just a chunk of copper, with a thin coat of silver.
We don’t even have that anymore, we have paper, backed by nothing but faith.
There will be another war, a great war, before the collapse of the US empire.
After that, you will wish you had some gold.
but if you don’t, just make sure you are out of debt, so that they can’t make you work it off.
“rome did not collapse overnight”
sure. the reason why is because 90% of the population was independent farmers with their own water and their own farm animals raising their own crops. as their economic system declined and disappeared they just carried on as before. the situation today is completely different. 99% of all individuals and families are completely dependent on remote financial and economic systems to even survive. if those shut down then those families and individuals will shortly die, with their gold in one hand and their ar15 in the other.
“you will wish you had some gold”
why? there will be little to nothing to buy, because no-one with anything will be selling anything.
“make sure you are out of debt”
won’t matter. even if you have no personal debt, the government has assigned you and your descendants plenty of debt. $132,000 per individual, last I heard. unpayable of course – which was the plan all along.
“a raging forest fire to clean out the deadwood of twisted minds, bad ideas and corrupted governments and institutions”
be careful of your comparisons – fire burns everything, not just deadwood. the easiest way to survive these cruel times will be by organized looting and banditry and slavery, intentionally targeting anyone else who has anything and is surviving.
“the greatest destruction of Fake Wealth”
and the real wealth too. see, it’s not “destruction of fake wealth”, but debt and confiscation of collateral, that are the crux of the issue. all land, all farms, all housing, all industry, all patents, all property, will be vacuumed up and handed over to joseph, and the rest of us will be herded into camps.
which was the plan all along. “So Joseph bought all the land of Egypt for Pharaoh, for every Egyptian sold his field, because the famine was severe upon them. Thus the land became Pharaoh’s. As for the people, he removed them to the cities from one end of Egypt’s border to the other.” Genesis 47:20-22
gman.
Iv’e been saying that for months to the we’ll just default crowd. Every Fiat dollar denominated derivative has joe sixpack’s name on it. Everything above and below this entire country is the collateral and has been for decades.
” Everything above and below this entire country is the collateral and has been for decades.”
including “our” government, which already is captured and will be used against us to enforce that confiscation.
it’s such an elegant plan, really. the handful of scammers are completely insulated from everything. they simply print federal reserve debt dollars, “obligating” us, then use that debt to buy our own government, and then tell our own government to go get us. meanwhile they just lounge around celebrating their superiority over us. the only way to resist the printers is to fight ourselves, while the scammers are completely isolated and untouched. and when our nation has consumed itself, they’ll just step back up and do it again. and laugh. in every generation.
maybe they are superior ….
gman.
Certainly superior in deviousness and trickery.
grid up, gold has little function. grid down or venezuela, gold will have little utility.
Very amusing. I’ll let you be the one to “stockpile” frn “iou nothings”
Gold has always had its place throughout history and will again ‘if you have wealth’ own some, after all the basics are all already taken care of.
Everyone is in a unique situation in too many ways to list. A general prep list follows. Being debt free is best, but the pace of paying down debt once again depends on the unique situation.
I hope it holds together as long as possible as I don’t let a single day pass without doing something to get ready, every day is a gift. Keep making lists and checking items off.
The Wise 13:
1. Safe Shelter – Detailed Plan B and C
2. Water – Water Purification Methods
3. Stored Food
4. Food Production
5. Arms/Ammo
6. Cash (in your hands) for the begining
7. Communication
8. Community and a like-minded network
9. Stored Necessities
10. Barter (extra stored necessities)
11. Hard Assets
12. Silver
13. Gold
agreed. a great well-ordered list.