Saturday, March 22, 2014

Gold and Silver when TSHTF





I have to have a disagreement with another blogger whom I consider a power player in doomer porn once again.

This time my bitch isn't with Rawley-boy trying to make a buck and getting you killed on some moisture-less scrub land he sold you in the so called "American Redoubt" while you celebrate the Multi-Cult either. So you anonymous fanbois can cool your jets about defending Rawles' greed based recommendations....

Go count your Bitcoins he was pushing so heavily if it makes you happy. That is if they can be found LMAO...

No this time I took exception to John Galt FLA as I was listening to his online radio show last night. If you are unfamiliar with the blog and/or the podcasts he does I would recommend you check him out he is linked on the left sidebar as Shenandoah. I have listened to him for years now and until last nights podcast never had any reason to disagree with his observations or opinions very often. In fact I love his show and still recommend it, however as usual I think the greed factor wormed it's way into our end of the world enjoyment and JG-FLA had to make a push for his precious metal selling sponsors. A perfectly understandable set of circumstances but not something I can just let go with out a bit of a rebuttal especially since JGF bashed on us self sufficiency types a bit while giving his sales pitch.

Basically his entire opinion came down to only gold and/or silver would get you what you need in a grid down collapse situation. Mostly he harped on using the PM's as bribes or currency to get you across borders to safety or to pay the doctor to operate on your little girl's appendix. His claim being that no one would be interested in your stored trade goods or food stuffs and he made many referrals to Jews and Nazis to go along with his claim.

Now these claims may have some merit if the Femcrats and their allies get their way and us White Boys are pursued and exterminated like they would love to see but I question just how valid this circumstance would be in a global financial collapse situation, especially when no one has food to eat because the just in time inventory scheme has broken down.

I would also point out that the very bartering JGF was downplaying is already happening with much more frequency than buying anything with precious metals. Ever tried to use your PM's yet? Noticed the re-use value isn't what you had hoped for?

Now I am not bashing the storage of PM's at all. Gold and silver will be of value and should be added to your prepping stores for sure but unless you plan on being a refugee PM's are of no more value than the other preps overall.

As far as the medical emergency scenarios why I even known of a doctor or two that will still accept live stock for an office visit on the rare occasion. Bartering will never stop trust me on this.

I can understand JGF's point of view. He lives in an urban cesspit and doesn't have daily contact with the rural community and civilization building attitudes we self sufficiency types get to enjoy. To him getting out of dodge is the most important thing about a collapse and as I said PM's would be of maximum use in that situation.

Those of us who are already living the life know you can't eat gold. It's useful of course but not the only thing of value that's for sure.

Keep Prepping Everyone!!!!




18 comments:

  1. I've always been an advocate of producing your own food, and using the food as a means to acquire the new fiat currency, or better yet precious metals (lead, gold, and silver). Afterall, you are gonna have to pay some kind of tax to the local warlord ( I mean gov't) for your land and/or relative freedom.

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    1. K - Local Warlord... Ain't that the truth.

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  2. So, who or what is he going to buy with his PMs? Someone who has stored or can make the basics needed to survive!
    Let's say you do find a doctor for emergency surgery of some sort, does the doctor have an operating room, Anti- biotics/viral medicine, Surgical tools, anesthesia IVs pain medication needed for recovery?
    Even something as simple and comman as safe drinking water will be very valuable and will people sell?
    With JIT delivery almost all stores and gas station have 1-3 days of product.There won't be anything left to buy for any price after a few hours! You can't buy much from the average person as they have only 3-7 of food and maybe a day or two of water. So they won't be selling, they will be buying and driving up prices!
    Farmers are now mega-corparation that grow one crop and can't operate without petro-chemicals or fuel . So PMs are not that valuable to a farmer.
    Lastly the Jews and other refugees of Germany were not exactly welcomed with open arms of any country. If the managed to escape and had a bit of gold.
    I'm like you Pioneer in thinking PMs have a place in prepping and a few states are starting to accept PMs for payment of taxes. But PMs are not some magical thing that will work as your only survival tool.

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    1. MASR - Exactly Gold and silver are only worth something to those who aren't starving.

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  3. I am growing hops and barley, nothing like a cold beer to make friends with,. Planted 50lbs of potatoes today. Trying to diversify.

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  4. I have a few silver pieces of "things" and some gold jewelry. We have not purchased any silver coins or bullion. I can't grasp my mind around what good it would do.

    We have chosen instead to stockpile our supplies. Purchase things which make life a little easier and a few things to barter with. If we were in a shtf situation there would not be enough gold to purchase any of my supplies because my supplies means survival for our family. The gold or silver would be useless to me.

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    1. MB - See the problem as I see it with any PM's not in coin form is that most people will have no clue how much it weighs and how pure it is on the fly. Or at least I wouldn't.

      I agree supplies are king...

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  5. I agree. Precious metals can be good if you're on the run or as a long term store of value (for when the rebuilding begins) but for most country folk, if you offer them gold or sliver in trade they'll look at you like you just offered them a steaming turd.

    If you're looking for something to get you through the bad parts of the collapse, trade your gold for good whiskey, gin, vodka, tobacco or ammo right now. That's something good country folk will always understand.

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    1. NL - Exactly. Trade items and barter. Unless your on the run and while I can't say for certain until the day comes I would rather fight for my bit of property rather than run.

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  6. The best way I have understood them is that they are a vehicle for transferring wealth during hard times. Honestly, I don't know that a great deal of people in this electronic cash/bitcoin age actually understand the value of it anyway.

    I, like Preppy, have followed JohnGaltFla for several years. I generally enjoy his writings. Hopefully he will not let this overcome his generally good advice.

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  7. I have a little bit of silver. Some in junk (pre1964 coins) and some in bullion. My plan is for it to be part of my Emergency fund but I would use the silver if it really jumped up in price for paying off my house or buying some land.
    I also think PMs are something you buy after you have your basics for at least 6 months. Or you add a little each month like all your other preps.

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    1. MASR - Yep after your other preps are in order. And the best thing about coins is they have a face value so they are more easily calculated into present day value. I know it changes but the reality is they were given that size and copper t silver content for a reason. There is actual a method to the original gold and silver coin madness.

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