Precious metals are not useful in a collapse scenario!

[freshman777]

Call me crazy, but I just read about the situation in India with everyone scrambling at the banks to get rid of the banned currency...and the Cypress situation that happened a couple of years ago, and Greece.  I remember those things, and every. Time. I . Do. I realize how so very fucking important it is to have physical assets.  Gold & silver, weapons, and real estate.  All good things to have, because any government can do exactly what India just did and declare their money worthless.  Think about it.

You don't want to own a lot of real estate. Government can tax it as they please. It's called "real" estate for a reason: real is "royal, belongs to the king" in Spanish. Peasants don't own real estate, including in modern democracies. You don't own something you have to pay a tax on.

[sergeyzol]

Call me crazy, but I just read about the situation in India with everyone scrambling at the banks to get rid of the banned currency...and the Cypress situation that happened a couple of years ago, and Greece.  I remember those things, and every. Time. I . Do. I realize how so very fucking important it is to have physical assets.  Gold & silver, weapons, and real estate.  All good things to have, because any government can do exactly what India just did and declare their money worthless.  Think about it.

You don't want to own a lot of real estate. Government can tax it as they please. It's called "real" estate for a reason: real is "royal, belongs to the king" in Spanish. Peasants don't own real estate, including in modern democracies. You don't own something you have to pay a tax on.

There is a fairy tale "Magic voice Gelsomino". Wrote Gianni Rodari. So there is the government to make money have introduced taxes on air. What I mean is that if people remain silent, the authorities will always find a way to Rob him.

[babo]

Call me crazy, but I just read about the situation in India with everyone scrambling at the banks to get rid of the banned currency...and the Cypress situation that happened a couple of years ago, and Greece.  I remember those things, and every. Time. I . Do. I realize how so very fucking important it is to have physical assets.  Gold & silver, weapons, and real estate.  All good things to have, because any government can do exactly what India just did and declare their money worthless.  Think about it.

You don't want to own a lot of real estate. Government can tax it as they please. It's called "real" estate for a reason: real is "royal, belongs to the king" in Spanish. Peasants don't own real estate, including in modern democracies. You don't own something you have to pay a tax on.

Because u think wrong about money
Money isnt asset
Money is a measure unite
Money is a protocol for measure stuffs

If you have a chicken and i have tomatoes, how we can exchange good?

My tomatos value are 20 credits
Your chicken value, 200 credits... i need 180 credits more for exchange with you

But the value isnt "the credits" , no, the value is the stuff

Money now,is numbers, is an hash.. isnt assets

[freshman777]

Call me crazy, but I just read about the situation in India with everyone scrambling at the banks to get rid of the banned currency...and the Cypress situation that happened a couple of years ago, and Greece.  I remember those things, and every. Time. I . Do. I realize how so very fucking important it is to have physical assets.  Gold & silver, weapons, and real estate.  All good things to have, because any government can do exactly what India just did and declare their money worthless.  Think about it.

You don't want to own a lot of real estate. Government can tax it as they please. It's called "real" estate for a reason: real is "royal, belongs to the king" in Spanish. Peasants don't own real estate, including in modern democracies. You don't own something you have to pay a tax on.

Because u think wrong about money
Money isnt asset
Money is a measure unite
Money is a protocol for measure stuffs

If you have a chicken and i have tomatoes, how we can exchange good?

My tomatos value are 20 credits
Your chicken value, 200 credits... i need 180 credits more for exchange with you

But the value isnt "the credits" , no, the value is the stuff

Money now,is numbers, is an hash.. isnt assets

Could you care to explain how you drew such a profound conclusion on my understanding of money from the remark I made on not wanting to buy too much real estate?

[shanem]

Precious metals is still a good asset unlike real estate where government can tax you yearly. Precious metals are compact and you won't lose your wealth from any hacks unless it is stolen. Although precious metals are outdated, they are still useful in certain situations.

[Xester]

Precious metals is still a good asset unlike real estate where government can tax you yearly. Precious metals are compact and you won't lose your wealth from any hacks unless it is stolen. Although precious metals are outdated, they are still useful in certain situations.

Yes I believe that precious metals will stay even during the collapse. Let us put the collapse scenario in the extreme an after war scenario, electricity is out, internets are no more, fiat currency has no value since banks are destroyed. The only thing there is left are the precious metals such as gold and silver, it has survived since the ancient times and even at this age if an extreme economic collapse due to war happens they will stay and will still be valuable. They will be used as legal tender to purchase goods and guns at this situation. But hope that will not happen. More power to bitcoins and precious metals.

[babo]

Could you care to explain how you drew such a profound conclusion on my understanding of money from the remark I made on not wanting to buy too much real estate?

When you eat much much icecream you got stomachache, or if you drink much much beer, you get drunk
same with assets, if you own MUCH MUCH assets of one type (much buildings for egsample) you CAN have some problems

the trick is own different assets
- 30% real estate
- 30% gold bars
- 10% silver bars
- 20% bitcoins
etc

different assets win because you become resilient

if building price FALL DOWN, you lost only 30%  -- this property is called resilience

edit: this is my humble opinion

[markj113]

Could you care to explain how you drew such a profound conclusion on my understanding of money from the remark I made on not wanting to buy too much real estate?

When you eat much much icecream you got stomachache, or if you drink much much beer, you get drunk
same with assets, if you own MUCH MUCH assets of one type (much buildings for egsample) you CAN have some problems

the trick is own different assets
- 30% real estate
- 30% gold bars
- 10% silver bars
- 20% bitcoins
etc

different assets win because you become resilient

if building price FALL DOWN, you lost only 30%  -- this property is called resilience

edit: this is my humble opinion

So what budget is the above based on because real estate is not cheap in the UK.

A cheap house in the UK is £100k

So by your figures:

£100k rental property
£100k gold
£33k silver bars
£66k bitcoin

Total investment requirement = £299k

[BADecker]

Drop a chunk of pure silver into a container of distilled water. Put the cap on the container, and stick it in a warm closet somewhere for a year, and you will have colloidal silver. Colloidal silver is good for killing off all kinds of bugs in your body. Probably works with gold, too.

Precious metals are always good.

[Hung_Daddy]

I understand your main idea OP but in a complete collapse scenario, the original values will start to be evident overtime, trust me

[babo]

Could you care to explain how you drew such a profound conclusion on my understanding of money from the remark I made on not wanting to buy too much real estate?

When you eat much much icecream you got stomachache, or if you drink much much beer, you get drunk
same with assets, if you own MUCH MUCH assets of one type (much buildings for egsample) you CAN have some problems

the trick is own different assets
- 30% real estate
- 30% gold bars
- 10% silver bars
- 20% bitcoins
etc

different assets win because you become resilient

if building price FALL DOWN, you lost only 30%  -- this property is called resilience

edit: this is my humble opinion

So what budget is the above based on because real estate is not cheap in the UK.

A cheap house in the UK is £100k

So by your figures:

£100k rental property
£100k gold
£33k silver bars
£66k bitcoin

Total investment requirement = £299k

percentages are like example.. i dont explain real percentage
in your case
 - 60% real estate
 - 40% others..

is only a example to explain my idea

[freshman777]

- 60% real estate
 - 40% others..

Since you don't really own real estate because you have to pay however high taxes government comes up with, 60% is too much for allocating to real estate. You'll be spending a lot of your cash to service it, maybe all of the remaining cash.

[babo]

- 60% real estate
 - 40% others..

Since you don't really own real estate because you have to pay however high taxes government comes up with, 60% is too much for allocating to real estate. You'll be spending a lot of your cash to service it, maybe all of the remaining cash.

Because u dont know the trick
For example, foundation, in some countries, dont pay taxes for real estate..

If you buy a real estate with your name:Eddy Bear.. you'll pay

;-)

Edit:if u really have many money u can found easy eight counselor about it.. i talk more 10m bucks, for less i think you cant do anythings

[sugarfly]

money isn't useful during a collapse anyway.
But precious metals are useful to carry your wealth through a collapse,
so that once the collapse is over, you have something to build on.

Precious metals are not to be used "during" a collapse,
that's just stupid

-sf-

[pepethefrog]

Most valuable currency are frogs.

Always keep a Pepe around.

 

[babo]

money isn't useful during a collapse anyway.
But precious metals are useful to carry your wealth through a collapse,
so that once the collapse is over, you have something to build on.

Precious metals are not to be used "during" a collapse,
that's just stupid

-sf-

i agree totally
and.. in dark period (like war) government confiscate all precious metals (gold, silver,..) and usefull metals (iron, copper,...)

the history teach

[BADecker]

money isn't useful during a collapse anyway.
But precious metals are useful to carry your wealth through a collapse,
so that once the collapse is over, you have something to build on.

Precious metals are not to be used "during" a collapse,
that's just stupid

-sf-

i agree totally
and.. in dark period (like war) government confiscate all precious metals (gold, silver,..) and usefull metals (iron, copper,...)

the history teach

We have been in a collapse since the U.S. bankruptcy of 1933. Money is very useful to the big bankers, because they are using it to suck up the wealth since the bankruptcy. Given the population size, if the Federal Reserve Bank and the U.S. Government collapsed today, people would keep on using money locally (including gold and silver) until the effects of the crash were totally felt... like a snake keeps on wiggling even after its head is chopped off.

Confiscation of private property is criminal.

[iamnotback]

I had a conversation in a hotel with someone who was very much a believer in man created global warming. I began to notice a pattern to their thinking. When you test anything, you must see how it is connected to other reasoning. What emerged was a fundamental belief that government is good and there to take care of you until you die. This notion appears to be linked to those who just want to be taken care of, but not to the point that they are on welfare. They will pretend to be independent thinking individuals, but there is a core surrender of independence because they do not want to think no one is in charge. They voted for Hillary as well, and this all seems linked to this desire not to be responsible for the future in a subtle way. Perhaps it is linked to childhood when you did not have to work or cook. They just took care of you. It seems that those who believe in global warming are more likely to trust government. What happens when they wake up and discover nothing is as they thought it would be?

Merkel and Hollande were the pillars of Europe. Taking out BREXIT was the first leg of the stool, Hollande was the second leg of this three-legged stool holding up Europe. The collapse of confidence behind the euro is directly tied to politics. Remove Merkel, and we will begin to see how quickly Europe will unravel.

This is the Year from Political Hell. Keep in mind that CONFIDENCE underscores EVERYTHING. You accept a dollar bill for your labor only because you have the CONFIDENCE that someone else will accept it in return. All markets rest upon a seabed of CONFIDENCE. Undermine that foundation, and then the house of cards will fall. It will not fall without changing the mindset of the majority. You will never convince them with stories of fiat, money supply, or gold. Undermine their belief system, then you will see change – not before. You will NEVER convince the majority with stories of hyperinflation, quantity of money theories, or any economic theory. Once the political world changes, then there is no certainty left to support the future. Santa Claus is not there to make sure your life will be the dream. Suddenly, those in the West will have to learn the same lesson of those in Russia and Eastern Europe – you just cannot count on government for anything.

The Venezuelean hyperinflation is the direct result of what happens when the general population loses all confidence in the government. The current hyperinflation is reminiscent of Germany’s hyperinflation following World War I, which was also the result of a Communist Revolution and the overthrow of the government giving birth to the Weimar Republic.  Venezuela’s currency has become virtually worthless as was the case in Japan when the people simply refused to accept any coins issued by the Japanese government. In that instance, each new emperor devalued the outstanding money supply to 10% of his new issues. This led to Japanese accepting Chinese coins, but not Japanese.

As the prices of goods continue to soar, shopkeepers in Venezuela have taken to weighing bolivars and the black market for alternative currencies – namely U.S. dollars — is becoming prevalent.

The key to hyperinflation is NOT the issue of money, but the collapse in public confidence. The drop in confidence then causes the government to print more to meet its expenses. The assumption it is the increase in money supply assumes people blindly just look at the quantity of money. It is the fact people ANTICIPATE the collapse and act accordingly, which then causes the government to increase the money supply.

An economics professor at a local college made a statement that he had never failed a single student before, but had recently failed an entire class. That class had insisted that Obama’s socialism worked and that no one would be poor and no one would be rich, a great equalizer.

The professor then said, “OK, we will have an experiment in this class on Obama’s plan”.. All grades will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A…. (substituting grades for dollars – something closer to home and more readily understood by all).

After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy. As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little.

The second test average was a D! No one was happy. When the 3rd test rolled around, the average was an F.

As the tests proceeded, the scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.
To their great surprise, ALL FAILED and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great, but when government takes all the reward away, no one will try or want to succeed. Could not be any simpler than that.

This claim that Hillary won the popular vote is interesting. If we exclude California’s 3.7 million margin for Hillary over Trump, that means Trump got 1.7 million more votes than Hillary in the whole country eliminating California. She is claiming perhaps the votes were hacked in Michighan, Wisconsin, and Pennsylvania. What about California? If it was rigged for her against Bernie, can it be trusted at all? California is the most left-leaning state in the union. They tax the highest as if you lived in Germany. If you live in California, stay away from dividend stocks and get out of the state if you plan to retire. In California, the top rate is 13.3%. Hawaii comes in not far behind at 11%. And California is in an endless cycle of raising taxes because it is incapable of managing its affairs. The worse states to retire in are the Blue (Democratic States) with New York the WORST and California in the top 10. You work hard your whole life and then they still demand more even when you no longer work. So much for caring for the average working person.

The entire election cycle seems to reflect Karl Marx’s view that supported his theory of a totalitarian state:

The oppressed are allowed once every few years to decide which particular representatives of the oppressing class are to represent and repress them.—Karl Marx

There is a statute that governs the appointment of electoral college “electors” that will come into play if anyone tries to upset the election. While the College is to vote on December 19th, 2016, the actual deadline is 6 days prior or December 13th, 2016. Moreover, if there were an attempt to vote for Hillary despite the fact that the election is based upon state rights since this is the “UNITED STATES” and not one sovereign federal state, this becomes very critical. Even if Hillary won the popular vote, that cannot legally matter.

Let’s say 25 million aliens became citizens in New York City and they all voted for one candidate. To allow that to decide the election and not state by state, destroys the very fabric of what the “united states” was all about converting it to a single federal state. The popular vote cannot be allowed to overrule the states or you will find that the less populous states can be subjugated by the majority. They would no longer have any voice in a democratic process. Yes Hillary has 2 million more votes than Trump. But that is attributed to California alone where her margin was 3.7 million. So if she takes the presidency on popular vote, that means California decides for all and the rest of the country means nothing. Therefore, this would violate equal protection of the law right to the very heart of the design of the USA. If the electoral college anointed Hillary, this would be grounds for separatist movements and I would have to support that because it would be a fundamental restructuring on the nation ending the “united” states and federalizing the nation. The Electoral College thus ensures equal protection of the law for all states and it is the majority of states that matter, not individuals as a whole nationwide. The United States is by no means ONE COUNTRY with just ONE CULTURE. There are at least four separate regional difference just as there are cultural differences in Europe between member states.

We are entering a very dark phase in this battle to retain our liberty. A proposal now being whispered behind the curtain in Europe is to impose a tax on withdrawing your own money from an ATM. The banks support this measure as a whole because they see this as preventing bank runs.

Nobody will look at the direction we are headed. I am deeply concerned that these type of proposals will send the West in a real revolution not much different from that of Russia in 1917. The divide between left and right is getting much deeper and the left is hell bent on stripping those who produce of their liberty and assets. This type of confrontation is in line with our War Cycle, which we will update in 2017.

This is the most dangerous period we are heading into for governments will respond only in their own self-interest to survive. The socialists hate those who produce. That is just the bottom line. Nobody should have wealth more than they and this is the same human emotion that has cost tens of millions of lives in civil conflicts through out the centuries. Proof this is a persistent problem is the fact that even the Ten Commandments state clearly that socialism is wrong: “You shall not covet your neighbor’s house … or anything that belongs to your neighbor” (Exodus 20:17).  Nevertheless, this is repuidiated by socialists who say it’s not fair that anyone has something more than they do. This material jealousy has been the source of so much death throughout the centuries because it has been exploited by the ruling class to justify their theivery.

The war on cash is in full swing. The whispers behind the curtain are starting to get louder. The headlines in Australia demonstrate how the press is already conspiring against the people. The new slogan rising is Cash is for Criminals. ABC of Australia ran the story:

Cash is for criminals: Why we should scrap big notes

US dollars are soaring in premiums on the street. There is a serious risk that the government has shaken the confidence of the people to such a degree, that they trust the US dollar more than their own currency. Prime Minister Narendra Modi has come out an said the currency changeover could still take a few weeks and could lead to inconveniences, according to the magazine Brics. The Indian economy is a highly cash transacted economy far more so than the United States and Europe. The government has brought the economy to a virtual standstill. Food stores are near closing because the customers have no money. Small and medium-sized enterprises have stopped functioning because the invoices are not paid for.

When Japan would routinely devalue the outstanding currency in the same manner each time a new emperor took the throne, the population responded by using rice and Chinese coins. Japan lost the ability to even issue coins for 600 years. The Indian economy is turning to the dollar. Physical dollars are commanding a premium because they can politically trust the dollar and not their own currency.

I am becoming deeply concerned that the United States is headed into its version of a communist revolution under the label “progressive” and the bankers, who Larry Summers has always supported, will be used as the scapegoat for Wall Street and the “rich” who have to be stripped of their liberty and their money for the “good of the people” as they always say. The United States does not look like it will be a country we can recognize by 2032 if we can even make it past 2024. The United States will most likely break apart by 2036. There are separatist movements rising in many areas from Vermont and Texas to California, who reasons they voted for Hillary not Trump justifying their departure.

The entire purpose of eliminating cash is to strip us of our assets, liberty, and to prevent bank runs. The youth, who have been brainwashed by Bernie Sanders and people like Elizabeth Warren, will turn against the older generation and enslave them if at all possible. This threatens our future with outright civil war. They will not be satisfied until they destroy the freedom of their opposition. It is starting to appear that 2036 is our date with destiny.

I saw NBA legend Kevin Garnett using the term "not progressive enough" on national TV in his condemnation of coaching great Phil Jackson (when Jackson referred to Lebron's "posse").

[iamnotback]

What were those tinfoil hats babbling about India and gold upthread... 

The country with the highest demand for gold (India), just outlawed gold. Shit just got real. Citizens homes will be searched and 85% of wealth will be confiscated.

http://timesofindia.indiatimes.com/india/No-tax-on-jewellery/gold-purchased-out-of-disclosed-income-Finance-Ministry/articleshow/55724734.cms

Looks like India currently requires Digital Gold for many in order to avoid permanent seizure in the amount of 85% of their assets as "TAX"... Bitcoin demand is going to rocket. Expecting record demand. Killer app activated.

Many analysts predicted such a move would likely occur and thus dampen gold demand in India. However this demand will likely shift to other products like bitcoin.

India is the second most populous country (with over 1.2 billion people), and the most populous democracy in the world.

The country with the highest demand in the world for gold, just outlawed gold. Shit just got real.

"Your gold is safe. 500 grams per married woman will not be seized..."

http://indiatoday.intoday.in/story/gold-jewellery-married-lady-income-tax-raids-demonetisation/1/824321.html

"During search operations, conducted by I-T Department, there would be no seizure of gold jewellery and ornaments to the extent of 500 grams per married women, 250 grams per unmarried women as also 100 grams per male member of the family, it said.

The Bill, which is currently under consideration of the Rajya Sabha, will amend Section 115BBE of the Income Tax Act to provide for a steep 60 per cent tax and a 25 per cent surcharge on it (total 75 per cent) for black money holders.

Another section inserted provides for an additional 10 per cent penalty on being established that the undeclared wealth is unaccounted or black money, taking the total incidence of levies to 85 per cent."

[freshman777]

What were those tinfoil hats babbling about India and gold upthread...  

The country with the highest demand for gold (India), just outlawed gold. Shit just got real. Citizens homes will be searched and 85% of wealth will be confiscated.

They can outlaw it all they want, they can't enforce the ban. People will ignore the stupid law. You're a white American boy, you are trained to respect authority and laws no matter how stupid they are (latinos and blacks in US are better equipped naturally to withstand this bullshit). People in the rest of the world aren't as trustful of their governments and are not inclined to abide by such laws. This particular law is not just stupid, it's designed to take away people's means of living when population already knows the government is corrupt. Rest assured that this outlawing gold together with earlier revoking of large bank notes irreparably undermines Indian government's legitimacy, which is a sure way to spawn all sorts of underground economy means and routes. So yeah, let them bring it on to the faster destruction of the top-down imposed fiat.