Collapse Of Gold

Discussion in 'News, Current Events, and Politics' started by poltiregist, Jan 19, 2021.

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  1. poltiregist

    poltiregist Legendary Survivalist
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    Japan just unloaded a lot of its gold to pay debt's instead of using its own currency .Source " the common sense show ". " Why " should be the preppers line of thought . I know many will not want to hear my theory but I will present it anyway . I suspect they see gold in the near future to become nearly worthless , just a shiny gold colored piece of metal .
     
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  2. poltiregist

    poltiregist Legendary Survivalist
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    I have said before what had a starving person rather have , a pound of gold or a pound of beans ? ----- Note - I am not a financial expert so don't just take my personal opinion to unload or buy gold .
     
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  3. lonewolf

    lonewolf Societal Collapse Survivalist. Staff Member
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    I have always said post SHTF you cant eat gold.
    and finding someone to barter with might not be that easy or safe.
     
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  4. Alaskajohn

    Alaskajohn Master Survivalist
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    I bought gold throughout most of the decade of the 2000’s, dollar cost averaging it monthly at about $200 a month. Recall gold sold for about $300-$400 an ounce for most of that decade until 2008. I sold almost all of it in 2012 when it was at $1,800 an ounce to finance my homestead purchase. My timing was perfect where I quadrupled or greater my dollar cost average ROI, but it was mostly a combination of luck and taking advantage of opportunity at just the right time. I don’t have gold as a important aspect of my investment strategy now, but I do have it.
     
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  5. Old Geezer

    Old Geezer Legendary Survivalist
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    Japan may have been forced to pay in gold. Not so long back, 2015-ish, Japan devalued its currency so as to improve its products' competitiveness. China was hoarding gold like crazy there for a while (China is working towards an international currency to replace the U.S. dollar). If Japan was making purchases from China, then rest assured that the Chinese would READILY have taken gold as payment.

    https://www.vdcresearch.com/News-events/ias-blog/110-yen-how-japans-systematic-currency.html

    https://nypost.com/2020/12/22/canada-stops-china-from-buying-arctic-gold-mine/

    Paper currencies and digital currencies are going to tank. Throughout all human history some rare commodity has been used for trade -- even during times of barter, humans still want something that will fit into the palm of their hand that is an exchange unit -- wampum, precious and semi-precious gems, you name it. Coinage goes back 1,000 years B.C. . Post SHF, humanity will need silver for industrial rebuilding (chemical industry and electronics industry) and in the building of large water purification systems.

    If everything goes Mad Max, then fuel will be the currency. If everything goes Mad Max, only the healthiest of the healthy will survive. Only the meanest of the mean will live to breed.

    Even if we have nuclear wars in the future, I see many communities surviving. Nuclear wars will wipe-out cities, military positions, and industry. However, many agricultural areas will go on with life. EMP attacks will NOT take-out all tractors (nor cars and trucks for that matter). Fallout will NOT kill all people -- cancer rates will go up as was the case in Japan where fallout landed on agricultural areas, but everyone sure ain't gonna die.

    Humans are humans. Even among the poorest of the poor on this planet, humans value silver, gold, and gemstones. Nobody ever said that people are rational. Preppers can be hyper-practical, but that is rare in our species. People have and will die for shiny things. Males bringing shiny pretty things to women get the males a mate. Human motivations can be mysterious to the Nth degree. Anyone who says that they "know how people operate" is an idiot. I've studied these human thingies and remain utterly baffled. I'm not at all surprised that the space aliens do not wish to speak with us -- their non-communication bespeaks grand intelligence and true discernment.

    upload_2021-1-19_15-34-46.png

    silver use in water purification

    https://www.silverinstitute.org/silver-water-purification/

    "Silver ceramic filter element "
    https://www.amazon.com/Katadyn-Mini-Ceramic-Microfilter/dp/B07CGGH3S7

    https://www.octomarine.net/katadyn-micropur-integrated-silver-treatment-system.html
    .


    .
     
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  6. Old Geezer

    Old Geezer Legendary Survivalist
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    Killing bacteria with silver (by the by, salts of gold are very toxic):

    What is the mechanism?
    https://phys.org/news/2020-04-silver-ions-bacteria.html

    How to make your own colloidal silver:

    https://readynutrition.com/resources/step-by-step-how-to-make-your-own-colloidal-silver_21102014/

    Instead of batteries, use a DC power supply.

    Here's a bunch of videos of different processes to make colloidal silver. Everybody has their own "best way" to make their own. Y'know, there's no "miracle" cure going on with colloidal silver; but in a pinch, something sure beats nothing. Pioneers used to dangle silver coins down into their water barrels to put-off the water going bad and to attempt to keep themselves from developing "the fevers".

    In this day and age, we use chlorine. Watch-out when putting back tubs of chlorine crystals! Chlorine gas kills! Chlorine is something with which you do not trifle. I've got one very bad story concerning, but no time here to share.

    https://duckduckgo.com/?q=make+your+own+colloidal+silver&atb=v140-1&iax=videos&ia=videos

    https://pubmed.ncbi.nlm.nih.gov/19566416/
    .
     
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  7. Old Geezer

    Old Geezer Legendary Survivalist
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  8. Ystranc

    Ystranc Master Survivalist
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    Having sold off most of my gold sovereigns late in 2020 I can only say that they gave me a very useful profit. To claim that gold is useless because you can't eat it is missing the point that it is a commodity that has historically provided stability in times of crisis. like any other commodity it can be bought when the market is low and sold as the market rises, how long you wait is down to you...if you're willing to risk holding out for the highest market price then you can make a financial killing with very little effort.
    The fact is that prepping takes money, bullets cost money, food costs money, living your every day life takes money...buying and selling gold is like free money.
    The shit hasn't hit the fan yet so why ignore a potential income stream.
    (to avoid fees I sold mine on eBay during a maximum £1 selling fees promotion saving me the sellers premium.)
     
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  9. Old Geezer

    Old Geezer Legendary Survivalist
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    The price of silver is down now, so if one wishes to have some survival coinage, now's the time to buy junk silver coins if you've not already done so. Me, I've not bought silver at anything above $12/ounce unless buying a collector coin for a grand-kid. Silver is like $19-ish/ounce. Since the dollar and euro currencies are on their last leg, maybe you want something real. Preppers usually buy ammo. Me, I'd not flash ammunition nor gold when times start going massively sideways. I'd get rid of what bit of silver I have if its price went up. I'd buy something real before things went totally bat-sh## crazy. After the truly bad stuff, silver will be used for water purification. Make up a bunch of colloidal silver now ... for the future (toss a junk silver coin into the colloidal silver for good measure).




    https://www.amazon.com/Particle-Col...ba2244362dcdd1db89d3a9524edba0&language=en_US

    https://duckduckgo.com/?q=Colloidal+Silver+Generator&t=newext&atb=v320-1&iax=shopping&ia=shopping



    https://survivorsfortress.com/how-to-purify-water-with-silver/



     
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