IMPORTANT to think about: How do we make sure we get the real value of gold or silver when we sell?

will soon be the new gold partner

You don't sell gold and silver. You purchase things with it.

Gold and silver are money. Federal reserve notes are currency, and legal tender, but they are not money, since they have no intrinsic value.

The term "dollar" today really doesn't mean anything. It is a historic term for a unit of currency with an arbitrary perceived value. That's why we have exchange rates between currencies. None of the currencies today have any real value. Their value is actually perceived value. Becaue of legal tender laws, they must be accepted for all debts, public and private, but the number of dollars required to satisfy the payment of an object or service continues to increase, as the perceived value of the dollar declines.

The perceived value of the dollar declines because of the law of Supply and Demand. As more dollars are introduced into the economy, their supply increases. Without a corresponding increase in demand (things to buy), the dollars perceived value decreases.

Gold and silver (real money) are relatively stable. This is because when more money is needed (increase in the GNP/GDP), the value of gold and/or silver increases. This increase in the value of gold and/or silver stimulates mining and/or recovery of the metal. As more metal is produced, it's value stabilizes. All real economists know this.

That's why the Founders had it written into the Constitution that only gold and silver were lawful tender. Our criminal politicians do not want a return to honest money, as it would stop their plunder of the American people through inflation.

Great advice on this thread..
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"I have once heard that the ability to resist temptation is the truest measure of a mans character."

Dustin Hoffman to Steve McQueen
"Papillion"

These are 2 MUST READ articles for Gold and Silver investors. Especially new ones!! You have to understand both articles! Hope this helps! I would say that 99% of the older gold and silver buyers understand these 2 articles...and you need to understand them too.

#1

http://www.safehaven.com/...

#2

http://www.silverstrategi...

... is whatever people will pay for it. If you don't like someone's offer, don't sell. If nobody will pay you what you'd like, then maybe like some people with "$700,000" homes your asset isn't really worth what you think it is.

There are lots of gold dealers, and there's nothing to stop you from selling to private individuals, so it's not as though there was any monopsony able to cheat you out of the real value of your gold.

I'd be more worried about government confiscation, as happened during the Roosevelt administration, as the dollar heads towards its intrinsic value (0).

based on the spot price. spot price - 2% when you sell, spot price +2% when you buy. If there is a currency collapse then you will be using your gold and silver to engage in barter practices. The value of the goods in exchange will be determined by agreement between you and the seller.

My gut feeling is that in the short and medium term what we will face is hyperinflation in commodities, and deflation in finished products; especially technology and gasoline combustion automobiles. If history is an indicator, we will then be faced with either a complete currency collapse; or massive interest rate increases driving us even deeper into deflation. We will then see massive tax increases to cover the increase in the long term bond yields; while spending on infrastructure will decrease further.

Thomas Jefferson had a great quote that explains exactly what is going to happen to the United States. He said:

If the people of the United States ever allow the banks to issue the currency, then the banks and the corporations that grow up around them will deprive the people of all property until the children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks, and given to the people, to whom it properly belongs."

The goal of central banking has been the same throughout history--deprive the people of their wealth, their property, and their freedom. I don't think it's going to work this time. I think we have reached a tipping point where a lot of people are starting to understand the scheme. While we are facing an "us or them" scenario, if it is left up to us--those who can imagine a world without fractional reserve banking; we may get out of this relatively unscathed. If we fail, and the banksters and their politicians maintain control, then expect martial law, more government interference in the economy, and a 3rd world war with nukes possibly being thrown. If the elites go down, they will do everything they can to take us down with them. Of course, I may be completely wrong about this. If the currency collapses, all bets are off since fascism without the ability to pay for it is de facto anarchy.

I guess my point is, the empire is coming to an end anyway. We either decentralize and choose to reduce spending in a logical, organized way in order to build a sustainable future; or, the whole thing falls into the abyss. We as Ron Paul supporters believe in the former, the neo-cons and the democrats are driving us toward the later, at an ever increasing rate.

getting "full market value" for their metal was never their concern. It was being able to trade it for a bottle of medicine, food, warm clothes and shoes.

People were able to flee Vietnam for Hong Kong with a gold coin. Do you think they knew or cared if they were getting market value.

Will it get that bad? Hope not, but it could.

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Good luck to us all,

Lisa C.

www.women4ronpaul.com

My advice is that you read the full page at this following link:

http://www.frugalsquirrel...

This will give you a good picture of how I believe things will be. As for gold/silver, and other bartering all I will say is buy the stuff now. You will learn how to swim once you're pushed into the deep end. ;)

One thing to keep in mind is that The Depression was not an event, it was an era. And even during the peak of unemployment during the Great Depression 75% of the country continued to work, a lot of children continued to go to school, colleges continued to teach students who could afford to attend, sporting events continued to take place... the point being that the world didn't simply shut down.

The media often portrays that hard era as one where everyone in America either stood around on street corners panhandling or in a bread line. That is simply not the case. A closer look shows that, similar to today, economic hardship for what would then have been considered middle class and lower middle class began well before 1929. The stock market crash of 1929 was simply one manifestation of the spread upwards (the trickle up effect) of economic hardship, similar to the subprime mortgage implosion. In other words, the stock market crash didn't cause the Depression, it was merely a symptom of it.

Even after the crash, for the first couple of years, the stock-owner class, far and away a more elite class than stock-owners today, felt things would get better. And also similar to today, the rush by government to "do something" didn't really occur until after the economic elites were impacted.

This is what we are experiencing now. Economic hardship for a large number of Americans began more than eight years ago. It is quite true that, comparatively, living conditions for the vast majority of Americans are much better today than 70 years ago, arguably even for those living below the poverty line. But that does not change the socioeconomic impact of what is taking place.

It is doubtful we will ever experience the massive degree of unemployment that the U.S. saw during the Great Depression, but not because the Federal Reserve or some other such entity is better at preventing recessions and depressions, only because government in general is better at creating publicly funded employment for citizens.

We will likely come to view this bout of recession, retrenchment, whatever one calls it, like those living in the Depression did: "Just when we thought it was over, it was really only beginning."

"I'll gladly pay you Tuesday for a hamburger today" ~Whimpy, "Popeye"

Currently a vibrant market in metals exists. I used www.golddealer.com for a recent transaction. I called them after deciding which silver I wanted to buy (they each carry different premiums), and they sold it to me then and there over the phone at the spot (quoted) price of silver on the open market plus the per ounce premium. They locked the price in upon agreement and gave me an order number. They recognized the sale immediately and allowed for a few days to get payment to them either via wire or cashiers check. Wire is fastest so this is what I used. Upon receipt of my payment, they shipped the silver via US Postal Service Insured Delivery.

The reverse works the same over the phone, spot minus premium, except payment to you is made upon receipt of the metal. Shipping back to them should be in the same manner. So, as of now-a-days there is a lag of a few days between buying and receiving the metal or between selling and receiving payment for metal. Good liquidity.

**Civilization is the progress toward a society of privacy. The savage's whole existence is public, ruled by the laws of his tribe. Civilization is the process of setting man free from men. -Ayn Rand- **

give your wife a hug and relax. I've been through the 70's when the sky was falling and was just like you. Everyone is in the same boat some just remembered to wear life-jackets. Hope for the best and plan for the worst.
Just use common sense and you will be ok. Pay off bills etc. Enjoy your family take a walk. Become Delegate if you can.

because no one knows how the whole thing will play out other than buckle up for a bumpy ride. We could have the effects of a depression, shortage of good, high prices as well as hyperflation, loss of value of dollar with who knows what else. Also we don't know the exact plans of the planners, so how much time there is. The best thing anyone can do is what has been suggested over and over here. Buy what you can afford of siver and gold as a hedge not an investment [demand will set the sell or barter price], stock up on canned goods [ don't forget manual can opener], water,water, water, and basic medicines. This is not a time to panic, but see the writing on the wall and prepare to ride it out for at least 6 months or so. This is an excellant thing to do no matter what, even for dramatic storms and crazy changing weather patterns we have been seeing. It is a time to not listen to anything the news is saying and instead use your intuition.

images in my head :(