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Will there be a gap between a jump in precious metal prices and total SHTF?
11 December 2013, 20:34,
#11
RE: Will there be a gap between a jump in precious metal prices and total SHTF?
OK, here's my guess.

What you have here is a comparison between precious metals (gold and silver) and fiat currencies (paper and ink). The former have real value both historically and industrially, the latter's value comes by government decree (it's worth something because WE say it's worth something). There is a limited supply of the former, while paper, ink, and printing press time are, for all practical purposes, limitless.

Initially, when (not "if") the world's economies crash, food and barter items will initially be most in demand. As the economy "resets itself", the need for currency to promote ease of trade will reappear. At that time, gold and silver coinage will once again become a medium of trade. This "reset" could take from several months to several years.

Is it good to have a stash of gold and silver? Yes, and for several reasons. Today, a 1/10 ozt gold coin is worth approximately $130.00, or 65 loaves of bread at $2.00 each, but the coin is much easier to store, hide, and carry. In the medium to long term, this is a distinct advantage. In the short term, however, 65 loaves of bread (or the equivalent in flour) will keep your family alive.

Finally, gold and silver are not an investment per se, but rather a way to preserve purchasing power. A 1/10 ozt gold coin will, with few exceptions, buy the same amount of food, clothing, and basic necessities (both quantity and quality) that it would 100 years ago. Not much more or much less. A good rule would be to stock food, clothing, and survival gear first. Then, after that, look into gold and silver.
If at first you don't secede, try, try again!
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12 December 2013, 21:59,
#12
RE: Will there be a gap between a jump in precious metal prices and total SHTF?
Purchasing power will not be preserved in gold & silver. You can not use todays economic stats in a PSHTF environment. See other Gold/silver thread.

Regards, TL>
"How far back in time do you think our future will be?"
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13 December 2013, 21:17,
#13
RE: Will there be a gap between a jump in precious metal prices and total SHTF?
(12 December 2013, 21:59)Timelord Wrote: Purchasing power will not be preserved in gold & silver. You can not use todays economic stats in a PSHTF environment. See other Gold/silver thread.

Regards, TL>

TL, read Adam Fergusson's well-researched book "When Money Dies" (here's the link for the free pdf copy - http://www.goldonomic.com/When%20Money%20Dies.pdf )

After you've read it, I'll be glad to have a discussion with you concerning your statement as quoted above.

Regards, JP
If at first you don't secede, try, try again!
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14 December 2013, 11:10,
#14
RE: Will there be a gap between a jump in precious metal prices and total SHTF?
I think gold and silver WTSHTF will be good for fishing weights
just read alas Babylon ,so im going to get more salt!!!!
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15 December 2013, 21:23,
#15
RE: Will there be a gap between a jump in precious metal prices and total SHTF?
Big Grin Yeah, but they don't shoot as well as lead when you've re-cast them into bullets! lol.
"How far back in time do you think our future will be?"
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16 December 2013, 01:01,
#16
RE: Will there be a gap between a jump in precious metal prices and total SHTF?
Much of what is being written about precious metals and financial collapse is a distraction which diverts needed attention from other preps. Until you have a year's supply of food, heirloom seeds, garden tools, boots, blankets, bedding, clothing and building materials, carpentry and mechanics tools, and the basic knowledge and skills to run a small farm, hunt, fish, trap, garden, put up food, sew and repair clothing, cut firewood, etc., fixating on gold is a fool's errand coined by the purveyors of disinformation and black propaganda.

73 de KE4SKY
In
"Almost Heaven" West Virginia
USA
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