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SILVER & GOLD {I Still Don't Understand}.....

1st Off. Although I don't post much, I check out this site everyday, since I share the same beliefs as the rest of you.

I was a Ron Paul delegate, I am a father, activist and freedom fighter.

I am aware of what is comming to the United States as all of you are. We are going to see the roughest economic turbulance in who knows how long, maybe even a depression. It's all true, the free market, ron paul, austrian economics....etc....It's true. I do believe in what they teach and how they break down trade, money and so on.

With that said, I come from a family of Jewlers. My brother and father have been in the industry for a combined 40 years. My brother is stilli in the industry and my father almost lost the farm because of American Jewlers out of NYC back in the late 90's.

Basically my question is simple.

How on earth do you expect to trade silver or gold during an economic crisis? I could see aftewards, like in Germany after World War 1. I understand Silver and Gold as an Investment. That makes perfect sense.

However, I get confused when I try to think of people trading silver and gold during martial law and a great depression. I actually think its quite funny.

There is no way to even imagine what is going to happen to this wonderful country. We, the people have NO IDEA how bad it really may be. We can and will survive though.

So in closing I want to say, yes I belive we need to buy gold and silver and we will be able to reclaim what's ours after years of Hell with silver and gold. But I am a normal man with a normal job who was lucky to buy all his bullets and firearms back in 2003 when it all wasn't that expensive. I am trying to provide for a family with my lady and we are not in a place where we can buy silver and or gold.

We're buying food. We're trying to buy Land. But I have no place in my budget for silver and gold.

Thoughts, Comments, Advice?

Thank You all so much for your hard work in preserving Liberty!

Let's keep it up and turn it up!

Peace to yours,




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Blooded

So, Blooded, are you satisfied with the erudite answers to your question?

buy it so that

when you come out on the other side, you'll be okay. Or, if it gets really bad but not really terrible, then you can still trade, for example, trading your gold with someone overseas who can offer you something of use in the US.

An Example From History

Here is an example of why silver (and by extension gold) has been used as money for such a long time, even in primitive circumstances.

This is Abraham, ca. 4000 years ago, buying land.

Some people claim that precious metal has no practical use and therefore little value, but even in primitive society, in a place where city states were spotted here and there and a man like Abraham could live off the land without benefit of papers, passport, or swearing loyalty to an empire, silver, and not cows, was the medium of exchange.

This passage describes the process, and the standards that prevailed. Note that it relied on witnesses and standard measures but not on government regulation. Custom was sufficient and the weights were those mutually agreed on by merchants.

Note also that although Abraham was a herdsman living in tents without title to the land his cattle occupied, he was wealthy. His wealth consisted mainly of livestock. Yet he had silver in quantity. He must have earned it trading his cattle, sheep and goats. So animals were not used as money. Money was used as money.

10Now Ephron was sitting among the Hittites, and Ephron the Hittite answered Abraham in the hearing of the Hittites, of all who(E) went in at the gate of his city, 11"No, my lord, hear me: I give you the field, and I give you the cave that is in it. In the sight of the sons of my people I give it to you. Bury your dead." 12Then Abraham bowed down before the people of the land. 13And he said to Ephron in the hearing of the people of the land, "But if you will, hear me: I give the price of the field. Accept it from me, that I may bury my dead there." 14Ephron answered Abraham, 15"My lord, listen to me: a piece of land worth four hundred(F) shekels[c] of silver, what is that between you and me? Bury your dead." 16Abraham listened to Ephron, and Abraham(G) weighed out for Ephron the silver that he had named in the hearing of the Hittites, four hundred shekels of silver, according to the weights current among the merchants.

In a collapsed economy, where the printed dollar has no worth...

...people will seek out things of value to trade for life's essentials. Silver and gold coins, u.s. currency, is a known quantity and will be trusted more than say, a questionable Mexican gold peso. I personally have no idea how much gold is in a Mexican gold peso. I do, however know how much gold or silver in in a gold or silver eagle.

Other trade items like ammo, food, firewood, etc. are also valuable commodities - either to have or to barter with.

So yes, they are hoarded by the rich as a 'safe keeping' when currency changes; collected by the smart as a long-term safety; and scrounged by the poor to meet their needs.

I may not know the truth, but I know when I'm being lied to...

I may not know the truth, but I know when I'm being lied to...

My wife and I make silver coin purchases through

Silversnowball. Is anyone here at dp involved with them?

Love (consciousness) is in everything including the void.

"Be wary of those who know the truth. Align yourself with those who are questing for the truth." L. Gardner

My Two Bits-

This is the thinking: Someday, sooner or later, our paper currency may no longer be valuable. That is what many of us on this website believe. We believe this because, historically, currencies that are not backed by something of value stop having any value after a time. So, now some of us are buying gold and silver as a way to convert our paper into something of value. Of course, gold and silver aren't the only things that hold value. You mentioned land, food and the arms and ammo you have.
These things all have value, REAL value. You could trade them for other stuff, if you had to. Don't worry, you are doing the right thing by doing everything you can to care for your family.

I sometimes get bogged down in thinking that I need more of this or that because I have conjured up a pretty scary future in my imagination. The truth is that none of us know what will happen in the months and years to come. When I can get away from my scary thinking I consider the possibility of a GREAT future even with an economic collapse. l get my inspiration from our local farmers' market.

I walk through the market and see all kinds of food, beautiful clothing and practicial craft items. Everything a person could need is available there. In tough times, I could see the market growing from it's current size to something even greater and instead of being open on Sundays, maybe it will be open every day.

After a time, professionals like doctors, nurses and lawyers might show up and start swapping their services/products like everybody else. I expect we would eventually have a thriving black market in pharmaceuticals as well. All those pharma reps will need to do something with all those samples once people stop buying medicine.

I also think about all the great music, books, paintings and theater that could come out of this. Tough times sometimes inspire people to become incredibly creative. If you are broke and can't vacation in Bemuda, you might pick up that old violin in the back closet and start playing it again. Or you might realize just how valuable it is and swap it for a goat. Who knows? :)

See where this goes? I truly believe that we can thrive and do very well with what we will have, and compared to people even a hundred years ago, what we have now is CONSIDERABLE.

Anyway, to each and all, may I suggest, we let our minds play with the positive possibilities of our future in an economic collapse as well as the negative ones. I am not ignoring that things could be dangerous in some ways, far from it, but I also look at how we could be safe and happy in other ways.

Love to all,
Elizabeth

Proud member of Ron Paul's Revolution

Awesome post!

Awesome post!

“Liberty means responsibility. That is why most men dread it.” -George Bernard Shaw

Great comments one and all.

Great comments one and all. I will be sharring this post with my family and friends tonight.

Thanks again!

Don't worry, be happy

we're all just doing what we can, what we think we should. There is going to be some type of shift away from the financial system we've had for many years now, but who's to say how it will really be? We just have to be prepared to take care of each other (in our communities) and that means sharing, trading, bartering, being kind, etc. I am leaving room for a silver lining to exist within what looks to be a terrible shit storm heading everyone's way. Don't let gloom and doomers get you down. Love as much as you can, and trust that everything's gonna be all right.

...

Well...what do you need do live ? Health, shelter, water, food, protection.

So those must be your priorities in times of crisis.

If a serious economic collapse will happen gold will do very little because it will be nothing to buy. Another thing is that what the hell you will do with an ounce gold bullion if all what you want and can get is a bread ? You will cut it with a saw ?

When you have $100.000 laying around , yes, maybe is a good time to consider buying some gold...but please, don't be one of the poor imbeciles buying a silver coin a month dreaming about " a very soon 100% price increase"...I tell you for sure, you will die by natural causes before you get rich investing in silver.

“The more corrupt the state, the more laws.”

Did you see the picture of you earlier? Very funny.

1.) Who said not to buy food, water, and other survival items?
2.) Why would you use an ounce of gold for bread when a piece of junk silver will do or something of equal value? Gold is for preserving wealth.
3.) At what income/asset level would it be okay with you to buy a silver coin?
4.) When silver has doubled from today's price, will you never come back?

*****

www.women4ronpaul.com

Ron Paul "Sign Wave Across the USA" -- November 5th!

ok village idiot! I

ok village idiot! I suggest you do some research on the weimar republic.. germans fleeing the cities in germany went to the country to find food from the farmers! what did the farmers accept in payment for their food! they took diamonds.. gold , silver etc.. you are an unedeucated fool when it comes to gold and silver money! you are a complete fool!

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

SteveMT's picture

Understand.

I think of it this way. What would you buy if you knew that the dollar was going to crash. You are already there, because you are obtaining hard assets...stuff that you can use with a tangible value. If paper money becomes worthless, how will you buy/obtain anything? Pieces of precious metal is the answer, like silver and gold. Food, medical/dental care, gas, you name it. A few stacks of silver/gold coins will be used for bartering if the economic world crashes. A common means of buying with silver and gold coins that have inherent stand alone value, without promises or having to trust the government who minted them.

it's better than worthless paper

I'm exchanging money that would be invested in paper bull shit for something of real value. When people realize that green paper is nothing of value at least I have gold and silver coins. How do you think the immigrants traveled to America? I'm sure they had these coins in their pockets.

don't be an idiot

Gold is nothing more then a piece of metal...and so far the "worthless paper" is the one dictating the value of gold.

“The more corrupt the state, the more laws.”

Republicae's picture

It appears that you are not

It appears that you are not aware of certain monetary mechanics. It is not worthless paper that is dictating the price of gold, just the opposite, it is gold that reflects the worthlessness of fiat money. The fiat price of gold simply reflects the massive depreciation of the monetary fiat unit.

A U.S. Dollar was, at one time, 1/20th of an ounce of gold; today a U.S. Dollar is 1/840th of an ounce of gold. The disparity is not in the gold but in the monetary unit of exchange. Gold serves as an indicator of our fiat monetary debasement and not a fiat value.

http://www.1776solution.blogspot.com

"The principle for which we contend is bound to reassert itself, though it may be at another time and in another form." ~Jefferson Davis

http://militantjeffersonian.com

"We are not a nation, but a union, a confederacy of equal and sovereign States" John C. Calhoun

Why are you on a Ron Paul site?

If you don't agree with Ron Paul on the most important issue then why would you waste your time on a forum dedicated to these causes? You sound like Keynes calling gold the 'barbaric metal'. Go over to those sites.

"Greater than the force of mighty armies is the power of an idea whose time has come"
- Victor Hugo

"Greater than the force of mighty armies is the power of an idea whose time has come"
- Victor Hugo

you are an idiot! by the

you are an idiot! by the way why the name change? what happened to maerksea?! you have not looked at the 6000 year history of gold or silver and what functions it performed during that time frame! You need to leave this subject alone because it is clear you have no idea of what you are talking about!

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

Republicae's picture

I don't...I expect to trade

I don't...I expect to trade goods such as salt, spices, small bars of soap, razor blades, medicine, food stuffs, tools, etc. The gold and silver are for afterwards.

http://www.1776solution.blogspot.com

"The principle for which we contend is bound to reassert itself, though it may be at another time and in another form." ~Jefferson Davis

http://militantjeffersonian.com

"We are not a nation, but a union, a confederacy of equal and sovereign States" John C. Calhoun

exactly... gold and silver

exactly... gold and silver are for rebuilding!

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

Ok, sounds good. I

Ok, sounds good. I appreciate your feedback.

I guess what I "don't understand" is the gold and silver for aftewards mainly?

Thanks agian, keep on stocking up and working hard

Republicae's picture

Eventually, after a major

Eventually, after a major collapse there will be an economy that will once again grow up from barter trading, as in every other case in history when an economic and monetary system collapses, the only thing that holds value in the minds of people in monetary terms is gold and silver, along with other precious commodities. People naturally gravitate toward sound money after a collapse because they trust it, they know it and preceive its value as a means of exchange.

http://www.1776solution.blogspot.com

"The principle for which we contend is bound to reassert itself, though it may be at another time and in another form." ~Jefferson Davis

http://militantjeffersonian.com

"We are not a nation, but a union, a confederacy of equal and sovereign States" John C. Calhoun