Fell off the Wagon

[urkingod]

I do not enjoy gold and silver like you, how do I get started? Okey, I can buy a round now store it away right? .... now what? just keep buying and store away... what else ? I mean how do you keep up with things like you and others who are so educated and having fun!?

[davincij15]

Take the time to lean that a lot of what you learned from the Mainstream Media and movies is shit. Government can save us they can only hurt us, scams are everywhere but mostly in government agencies.

Wake up to reality, it's hard to do it messed with my head some times, but I took enjoyment in learning as reality was stranger than the daily fiction on TV.

[davincij15]

Also I find it fun to laugh at the government bull shit numbers or the need to spend more to get out of debt.

LOL

[mallamoozoo]

I'm taking advantage of the dip to buy Xmas gifts - what a great idea - instead of throwing money away on consumable crap - give people something that keeps its value (and with more chance of gain than a lottery ticket).

Also, once your friends and family actually get a taste rather than just listening to us talk about it - they may start thinking about it more seriously - it may get the snowball rolling.

Every bit helps!!!!

[magichandpuppet]

ha ha ha ha... I am addicted too... it's terrible!

Great video. I share your perspective but I do research day trading and play with the idea from time to time. Since work is slowing down perhaps I will, but first I will make a few videos :)

[davincij15]

Day trading requires that you unlearn what you have learned.

[magichandpuppet]

Ha... I can do that pretty well with one good night of dranking!

[abe2517]

Gold @ 5k is a DEFACTO gold standard! Whether the powers that be admit it or not.

[lilbitparanoid]

Bernanke called his own bluff today. Now EVERYONE know he's a liar. He did manage to get the comex a little breathing room though. I don't expect that to last long. Burn, comex, burn.

[orangedac]

sabbatical my azzzz... you'll be back.

you'll all be back.

as homer simpson said, "i've tried to fill my life with religion, family, community service... but those were dead ends."

come back to the internet. life is for doing what you like to do, not depriving yourself just because others say so.

[davincij15]

Yes but I spend way too much time studying this stuff and not a lot of time doing anything else. I want to learn more and read more as I feel I am missing another piece of the puzzle.

I have no evidence that I am missing something from my knowledge I just have this feeling in my gut. That's why I am addicted I want to satisfy that feeling.

[MzProgressive]

Davincij I can certainly relate to that internet addiction. Another Sunday shot to surfing (sigh).

[JRCrowley]

It's all good.

[jocknomore]

Nice try, I have not been of more than 8 hours in two years!

[mexxx8732]

dude i thought u said u were taking a break .. you YT addict.. Lol

[aktlc123]

LOL maybe just limit the time not the need

[donharrold]

D - LOL at the nephew. Right on.

[donharrold]

D - Dude, 24 hours??? I can't believe you made it that long.

[CelticReject]

You haven't got the first step davincij15! lol

[marketwatch101]

The price of gold fell close to 50 an oz this week in one day, that would be like the Dow falling 500 points in one day. The gold bugs are clinging to what they see as a very bullish reverse head and shoulders formation. But that no longer applies inasmuch as gold is making a parabolic advance and that is seen to be terminal. The fact is, we are in stage one of a new bull market in stocks that will last for a least 2 years.

[mikeannike]

Can someone explain the idea of things being priced relative to other markets. Because I was some what confused when davinci started talking about price of silver falling and rising being relative to other markets.

[marketwatch101]

I'm not sure if anyone call follow davinci 100 % of the time. I'll try. If silver falls 10% and stocks fall 20% then silver has risen compared to stocks. Another, if the stock market rises 20% and the dollar falls 20% then you are really even. Maybe davinci can give us a few specific examples.

[davincij15]

Prices of things are relative to each other. If a price of something falls to far it will get purchased because it's cheep bringing its value to equilibrium. Because we have such liquid and open markets such an equilibrium can be found very fast.

Example the price of silver got crushed last year but so did the price of everything else except the dollar.

Today it is back to where it left off over a year ago and the relative price is the same.

[davincij15]

To simplify it even more lets say you buy eggs every week for $3 thus you can get 6 dozen eggs today and tomorrow when eggs are $6 for one oz of silver.

Was it true that last year at this time you could only get 3 dozen eggs? YES

It is also true that before the market melt down you could get 6 dozen eggs for one oz of silver.

Also one day you will get 9 dozen eggs for a year on one oz of silver evening out your losses of late 2008.

Get it?

[marketwatch101]

One thing you will have to keep in mind is that timing is everything in the markets. Gold and silver bugs conveniently forget that if you purchased silver in 1980 and held it for the past 30 yrs you would have lost 50% of your investment plus all the inflation. Where were all the YouTube gold bugs when gold was 250 , the perfect time to buy.

[MzProgressive]

Excuse me?

I HAVE silver I bought 30 years ago - for Five dollars! If I had put it in the market, it likely would have evaporated.

[strawjam59]

if you would of put that in the market, you would of owed money...lol

[marketwatch101]

30 yrs ago the Dow was around 1000.

[strawjam59]

Hold on, gold in 1833 was 20.65 ounce, Gold in 1933 one hundred years later was 20.65 an ounce. Gold in 1970 was 35 an ounce. 1971 to present on our fiat system Gold has gone from 35 an ounce to 1200 and ounce. ( note in 1980 the hunt bros tried to corner the market, gold and silver were at high levels for very short period of time) its very clear to me that the fiat system devalues and gold and silver remain true benchmarks of true value. 35x in 38 years, thats 100% per year, I'll take it!!!

[MzProgressive]

er ... I believe the Hunt brothers were only interested in Silver ... and they managed to push it up to $30 an ounce from $5, in the late 70s. Their "corner" was short lived, however.

[marketwatch101]

30 yrs ago gold was around 600 oz. The Dow was around 900. Today, gold at 1200, Dow at 10000. We're not going to live forever. Timing is everything in the markets. You're correct, if I would have bought gold in 1933 I would be way ahead.

[strawjam59]

Marketwatch101, you keep bringing up 1980 with gold at 600, why dont you tell everyone that in 1999 gold was 274 and in 1970 it was 35 an ounce. if you would of bought Gold in 1999 that would be 400%, however my point is that on a fiat system, all things, debt, currency and value of hard assets increase exponentially when they reach the heal of the hockey stick, and like it or not, thats where we are now. All the politics, spinning of statistics and media bullshit WILL NOT change the arithmatic

[marketwatch101]

My point is TIMING IS EVERYTHING. That also applies to gold. Gold is not the cure all for your investments unless the TIMING IS RIGHT. People talk about gold like their married to it. Not one site on You Tube said to buy stocks at the bottom, the perfect time. And as far as I can tell no site on YouTube was touting gold at 250. And another thing, I don't know anyone who has their investments in cash. The big question Is gold in a bull market ? Or did it start around 250 and is now topping out.

[marketwatch101]

You all are playing the "What If" game. What if the dollar goes to zero, what if inflation soars, what if the govt defaults. What if, what if , what if. Same things were said in 1979. No internet then but there were more best sellers in 1979 about the coming depression, rampant inflation and coming starvation in the USA than you would believe. Google "Howard Ruff " Same thing today. What happened in the next decade? Biggest bull market in history. I know, I know, this time its different.

[branman055]

all good things come to and end my friend , You seriously need to get informed and look at how much gold the Fed's actually have in reserve, hardly any. The banks and their fractional bullshit is killing this country. Grab a copy of Guide to Investing in Gold & Silver by Mike Maloney. He so precisely predicted that this would happen and here we are today in this shit, how many more banks or real estate bubbles do we need to wake up?

[marketwatch101]

@branman055 Greetings, There are no good investments any more, only unpleasant ones. Gold has had every reason in the world to be at $5000 an oz by now.

[Adahondeayenh]

Yep when gold was 250 it was the perfect time to buy! However, nowadays, a perfect storm's brewing up for gold thanks to a fiat currency based on 0% interest and massive printing. Things have never looked better-- just wait until gold moves up $100 a day, that will really turn some heads.

[ShillBasher]

I wonder how many "EDon Harrold Copper Bullion Coins" it would take to buy a hamburger. After some complex calculations based on curent spot price of copper and the average purchase price of a plain hamburger I've worked out that you would need SACKLOADS!. Don Harrold is a fkn snake oil salesman- plain and simple.

[Michael7893]

copper is a legitimate investment. at this time it is gaining some ground in the commodities market. actually all metals nickel silver and gold are on the rise. though gold did take a dip but not by much. you should really really reconsider your words as the dollar weakens metals become a very good cushion against inflation. though diversification into dividen paying stock will be a plus. one must know when to speak and when to remain silent. you have yet to learn the latter.

[ShillBasher]

You're talking to a Silver and Gold investor!.

If you want to buy Copper Coins then go ahead, you'll be paying a minimum of double over spot at the very least (don't forget to also factor in shipping costs!). Once you have worked out the cost per Ounce then you need to work out how many ounces of copper you will need to buy 1 ounce of Gold. If you do these calculations and still decide that Copper Bullion is for you then all you need to then work out is where you'll be storing 400Lbs of metal.

[Michael7893]

i didn't say i would buy copper coins. i'm telling you that as the dollar plummets all metals shall rise in value. further investing in metals copper or nickel are sound investments. just as investing in oil and other commodities can be sound investments. just as investing in dividend yielding stocks and bonds are legitimate forms of investment. not all stocks are useless just as not all metals are useless. consider their potential and you have the key to sound investment.

[ShillBasher]

Your blabbering on, Micheal, yet you've managed to avoid the very specific point I was making, and which initialy chose to respond to. Physical copper is NOT a very sound investement. Did you want to comment on THAT subject or would you prefer some of your own smug advice: and just "remain silent"?.

[davincij15]

Coins labor costs are a fixed value even though it will go up in value over time. That value is never lost in the coin if a person uses it to store wealth.

If a person uses it for just the copper then the value of labor is lost because it's used for the copper.

This is the reason I did not want to produce the 1 gram bar. People do not understand that concept that as long as it stays in it's form the value IS the from.

[ShillBasher]

DJ, with all due respect; are you saying that you think buying Copper Bullion coins is a prudent investement?.

Listen, I know I'm treading on your buddy's toes here but we're all grown up now and should be able to take some flack when it's due (he can't take it BTW). Don Harrold is a profiteer and his attempt at removing peoples hard earned money from their pockets in exchange for almost worthless copper bullion coins has made me more angry than MOT or G4T ever could. It's almost theft.

[ShillBasher]

Copper and Gold are different in SO many ways and for that reason I think you're cheapening your own ideas by comparing them to Don Harrolds. Gold has huge wealth locked inside each gram. Copper on the other hand is a dirty cheap industial metal that would need to go up in value by at least 200% - 300% before it would represent a sound physical investement, no?.

[Michael7893]

you also fail to consider the ramifications if you purchase something with silver and tada the silver used was far more than the item in question. pray tell what medium of change will you accept?

[ShillBasher]

You're so random in your comments I'm starting to wonder if you actualy have a point or, as I suspect, you just like to try and win debates by any means neccesary.

I'll boil down my point so even YOU can understand it:

Copper= cheap, heavy, industrial, dirty metal of low value.

Silver= Clean, precious metal, used as money, multiple industrial uses, affordable.

Gold= Very precious metal, clean, used as money, high value.

DH's Copper Bullion= hugely overpriced rip off.

That's all.. Get it?.

[Michael7893]

i am not being random. further copper isn't a industrial metal only. in times past it was the medium along with nickel to make change for silver. therefore it is considered a precious metal. either you are dense or you do not understand what constitutes a precious metal. if you buy a loaf of bread for your silver coin and that silver coin is worth more than that single loaf. how sir would you make up the differance? again i reiterate never ever discount anything as a potential investment

[ShillBasher]

There's a SLIGHT chance I won't be trying to pay for bread with silver, did you think of that?.

Ok Ok you win; copper is a "PRECIOUS METAL".. you really got me there.

Say hi to Don "snake oil" Harrold for me, and tell him I want 10 wheelbarrows full of those "precious" copper bullion coins so I can trade them in for an ounce or two of Gold.

Thanks, bye.

[Michael7893]

actually i wasn't defending don. i was pointing out a serious error on your part. your narrow view is gold and silver only. further you will need other supplies or trade goods. you would have to treat your gold and silver very carefully if you wish to be sustained. you didn't consider the fact that having silver and gold isn't enough. thats why copper and nickel become viable investment oppurtunities. you either consider all or you loose that simple.

[Michael7893]

it can be a legitimate wealth storing device. even if don harold is profiteer. are you no less a profiteer. you are buying gold and silver to store wealth and also in the hopes of profiting off the "investment" you have narrowed your field of view to two wealth storing devices. do not see the potential in other potential avenues of wealth storage and investment. no one once said to you go out and buy copper. i was pointing out that you shouldn't condemn a metal because of their cost now.

[1adadada]

ADDICT !!! lol

[sphindog]

Keep it up, my man...it's about to get pretty wild!!!

[catdog262]

Most likely gold will continuing to drop into the hundreds,and all you people that bought it at high prices will have been ripped off.

[Repomex01]

Typical Elite/GS move Fooled me once ,,,fooled me twice

[LOGICvsYTIDIOTS]

and then after that it will hit $2500 by the latter half of 2010 and they would have DOUBLED thier investment......its only a rip off if they sell it in the hundreds.

[doobsta]

what an idiotic statement based on nothing....

Can you print me some gold please?

How about a few more FRN's?

Whichever is easier...

[campeona5]

It's around the same price it was this time last weekend...get over yourself and pay more attention to what you should be buying if you don't like Gold/Silver! U fairy!

[davincij15]

You statement is based on YOUR belief that a paper dollar that is created by the trillions each month is more valuable than gold that is produced by the thousands each month.

good luck with your Federal Reserve Notes.

[pentel1911]

your gamble seems much better than don's.

[davincij15]

My gamble may produce a product that will increase my wealth as for the person on the other side of the trade they will use it to reduce costs adds to humanities productivity.

His gamble will produce liquidity in the market place and increase his wealth and reduce the wealth of those on the other side of the trade.

Right or wrong I like producing to trade than trading what has been produced.

[UTEPKSC]

Welcome back. :)

I heard you should sell silver when GSR is less than 12 and buy gold. Sell gold for silver when its goes back above 20. Of course with current 60+, and the collapsing dollar.... Buy both! (not to mention have food, water, and protection)

[JohnBigBootay]

I look forward to seeing you. Thanks for what you do.

[grecocam]

Just pace your self welcome back

[Airave]

Good to see and hear ya again!

[TheChronic334]

What does everyone think about this add that keeps coming up *The Truth About Gold* buy an oz for $438.... is this real or a scam?

[davincij15]

Scams are easy to detect the offer the impossible.

[Twitchy229]

Glad to see you but I feel like such an ENABLER! just for tuning in. Oh well.

[popomp1]

I think its hard to quit posting video its not anyone in my life understands this they love the koolaid to much- I think we all want to stop thinking about it for while but its so interesting and its so dishonest what they are doing we cant- I hope when the inflation comes we can wake up enough people

[mejt223]

I knew youd be back

Be honest.........did you read the comments on your farewell video> be honest!

We are all addicted.......period.....end of story. Im not quitting until they come out with some kind of pill or medicine that makes you quit!!!!!!

[ewffaces7]

That's right, when Davincij is not here, the global elites manipulate the price of gold and silver even more !

[dodododa]

Please ask your nephew to make a video.

[GuildF40]

24 hours lol

Hi back to the little dude

[SpringboardShop]

Thanks.

As you point out, it doesn't matter what the price of gold or silver is at any given time, it's always a good time to buy.

[Stokjockey]

Can you talk about why you would buy silver right now and when it historically catches up to gold (ratio wise) why you would then trade your silver back into gold to maintain your overall wealth ??

I think you are the best in helping to educate the masses.

Thanks

Stokjockey

[davincij15]

Silver holds it's value but it will never be horded as much as gold will be by central bankers. With silver you only have the public to buy it up and increase the price. With gold you have central bankers and the Indians. :)

[xsleef]

Ty for taking the time to educate.

[budb11]

How is it possible to ignore the internet and YouTube as the precious metals are currently in upheaval? These are very important interests to you and us. It's not time to leave the battlefield when the enemy is attacking full out. Just be cool and comment in your own time. Thanks for your videos.

[davincij15]

Yes, but I feel bad that I can't respond to everyone.

[budb11]

Make good videos; that's a good enough response. Respond to 5 or so comments and spend the lions share of your time making videos.

[Jalleer]

He's back....... And we sure do love him.

[davincij15]

Thanks, I love you as well.

Thanks for watching, commenting and emailing. I am isolated here with my understanding of reality.

My wife gets it but does not want to talk about it and my good friends humor me.

[janien37]

:o)

[stuntpea]

Hehe! Cool vid.

I came so close yesterday to buying a Pamp 1 oz bar of gold, but the price was up and down like a yoyo.

I was about to click buy, then felt a little bit sick and stopped myself. : )

[35slave]

glad you fell off the wagon. i always look forward to your vlogs. now, please stay of the wagon and don't get back on it ever.

[MoneyBags73]

I knew you would be back. Don't feel bad man. I can't stay away myself. Just make sure to allocate time for the family. Thanks for your efforts here on youtube.

[pookypoo77]

Davinci

what do you think about 90% coins?

[davincij15]

Love them I have over $500 face value. You should have some but don't over do it.

[pookypoo77]

cool. im a babe in the woods where this is concerned and overall coin/silver investing... and i did a STUPID mistake and polished my first purchase on 90% coins with a cloth. Little did i know that it reduces their value collectors wise, but i will not be doing that anymore! well i got my red book and a scale... some 1oz bars and Walking Liberties to start with.

All in learning my friend...

[pookypoo77]

LOL! youre human :-) thats awesome.

[americanpoisonpie]

o.k. mr. D. you`ve convinced me to buy some metal so having said that I know your up in cold country but in your opinion wheres the best place to buy it & in what form/incremiments, thanks, B.

[VgolddiggerV]

welcome back

[dojufitz]

I will forgive you for your relapse....all addictions are very hard to fight....

don't forget your particular addiction is the seeking of wisdom about monetary history......

not a bad passion.

[davincij15]

Yes but everything in moderation right?

[drutter]

Watch the slippery slope! hehe

Not sure what this vid was about but always nice to see you laugh.

[davincij15]

I was saying I'm back and gold and silver is a storage of wealth and items priced in gold and silver will be relatively the same now and in the future.

[operaknitter]

Please don´t leave. Love your videos and need your insights.

[davincij15]

Thanks, I am honored you feel that way.

[grasshutz]

time to sell silver? yea right. i agree with davincij. silver is a comodody like burgers. the hard assets do better. Ex, wages are staying the same, mabey a little higher due to inflation. but wages won't be able to keep up with the run away/ hyper inflation soon to come (thanks bernanke) while all this madness is going on gold and silver will act accordingly and appear to rise in value while they are basically holding value, while your value as an american worker, well we know that story...

[NowisEvollovetion]

Davinci, your real wealth (or worth) my friend can be seen in your smile, your integrity and your actions in as far as making these video's.

There is a battle against the powers of ignorance/darkness to be fought Davinci, and turning away from the battle will not achieve anything.

You WILL inevitably be drawn back into the fray again, as you have just witnessed.

Your actions are helping to create a better world for your children to grow up in.

And YOU know it.

How HONOURABLE is that?

[davincij15]

Thanks man that made me smile. :)

Most of my life has been in darkness and ignorance of reality. I guess it's natural that I am addicted to find out what's real and what's not.

[hijiinks22]

That was the fastest 2 week glad youre back making videos or did we go threw a time warp lol

[toshibavoodoo]

great

[BigDanWoT]

Additionally, for a burger to cost $10, and silver is worth $10, there'd have to be massive reduction in the number of beef cattle world-wide. Like, ****ing Texas would have to be hit by a god damned asteroid.

[sarahsgift1]

Discard the pamphlet "Silver addictions anonymous" immediately! It's clearly a hoax designed to keep you away from your viewing admirers and stop you from stacking.Rumor has it it was written by Ben Bernanke.

[davincij15]

Good one.

[SamuraiCommando]

You are an internet cluck!

[ONErighteousNESS]

thing is WE KNOW they are gonna dump the dollar so the THING WE DON'T KNOW is how the transitions will go...will it be gradual or just SUDDEN. this is the REAL question. If it is sudden silver and gold or PM's are a secure bet. If it is gradual and smooth and the governments honor all investments/pensions, etc. to transfer over to a new currency....then PM's will probably hold or lose a bit in over the transition!

Grace (God opening our eyes) THEN Peace (God's ALONE)

Good vid DaVIN-CH

[davincij15]

No, have you ever seen a major default go smoothly? When a government defaults on its debt via decree or printing press there is massive disruptions thus people seek our safety from the storm.

[ONErighteousNESS]

i hear you.....thus why i messaged you the other day....but this step requires faith as i will have my savings in PM's until the Plug is pulled..this is where doubt knocks @ the door. I just want to be a good steward of God's money he dropped in my lap. don't want to let Him down!

[SamuraiCommando]

Ya, you might get a deal on some jewelry thats about it. Davincij, shame on you!

[davincij15]

lol

[truont]

LOL!  You junkie.

[davincij15]

I just had to have one little hit. I thought could handle it.

[AfterTheFox75]

Glad to see you again big guy, if even for only a "slice." :) I didn't think you could help being pulled back in -you work with computers all the time after all! lol

[davincij15]

Yep that's the part of the problem. Then there is self control.

[AfterTheFox75]

Oh go on! There are far worse habits to have. :)

[oraclenvec]

Promise us you keep in touch and give us an update when you feel is necessary. GL D

[forcebyte]

Nice to see you back. A habit is only a habit when it destroys your life or brings one to near bottom. So, do you really have a bad habit? or do you just..$..reevaluate..$..The riddle deepens..

[celtg]

I buy gold and silver to store my wealth, the stock market is two rigged for me to feel comfortable with it.

[AfterTheFox75]

And banks too!

[DEMCAD]

You fell off the wagon! I don't even know there was a wagon.lol

[sealhunter5]

Silver and gold dont increase in value < the amount of paper only increases!

This is called inflation due to the debt increase from the federal reserve bank that is private to sell the public more inflated dollars!

[AfterTheFox75]

Bingo! Took the words out of my mouth. :)

[72542]

Welcome back! ;?)

[skyding8962]

Yeah gold is just a wealth preserver. Only if it becomes a bubble then it starts earning you money. You gotta jump out though before the bubble gets too big, like housing.

[RMT87]

hello Kyle.

[formulaprimer]

Been awhile since i got here. There is a simple solution. Stock up on as much physical silver and gold as possible and have excess funds to play the up and down swings to minimize your loss on corrections and so profits buy more physical....

Sounds simple but the simple things are easiest to screw up....

[Motoicon]

Great example with silver and gas. In 1964 that silver quarter would buy a gallon of gas. Today, that same silver quarter (SIlver content) will still buy a gallon of gas.

[davincij15]

Yes even last year when silver got the Stuff kicked out of it. The price of gas relative to silver was the same.

Last year only 2 things gave you more purchasing power last year, the dollar and gold. The next crisis it will only be gold.

[davincij15]

oh Maybe silver as well, but that's for long term savings.

[pookypoo77]

really? how so? but i dont drive a car so i wouldnt know. hehe.

have you seen this personally or just an article?

[Motoicon]

Cant say I've seen it personally, but If I have done my homework properly, yes, gas per gallon in 1964 was approx. 25 cents per gallon. And if my math is correct-.18084x18.50 per ounce= $3.34 silver value in a 1964 quarter which more than buys a gallon in my hood....

[sizzlot]

The vid below explains the silver quarter=gallon of gas at 3:25...

/watch?v = z6NfXk7Bvc8

[Motoicon]

Silly me. I should have known there would be a vid for this. That is funny. Thanks 4 the link

[sizzlot]

You're welcome. I usually send that link to friends and co-workers who don't understand that fiat currency is basically worthless...

[pookypoo77]

thats great. i am new to silver investing and im also looking into copper.

im learning so much! im thinking copper wires will be good to have on hand for bartering as well, they are great for their conductivity power as well.

if you happen to run into someone w/ blacksmith skills or the power to melt metals after a complete collapse ... yes!

the illegality of melting coins for the metal wont matter, the metals dont belong to the govt, they belong to the people.

silver is good for health 2

[Motoicon]

You know, anything that has commodity content has value for sure. I keep several hundred feet of wire along with tools, guns, amo, extra food, but mostly a way to store wealth, which has a variety of ways to do that. Even seeds are good to have. Basically, to pull off the grid and be more self reliant....to starve the beast. Develop your own skillset and keep the beast from consuming you. Sheesh!, I sound like a headcase....lol...but I really believe this is the true path for all of us....

[pookypoo77]

lol we are all headcases where this is concerned. ;-)

i finally paid off my debts and have moved into silver now. and i plan on storing my wealth in ammo starting this next year and seeds.

[D33Lux]

@Motoicon - No don't think that way, being prepared is key to survival. I do the same thing, I've been preparing for years now. Its getting difficult especially when I'm the only 1 in my family doing anything! No one I know is prepared in anyway possible. No food, No gold/silver, No weapons, No extra tools (for trade), No garden...nothing! Its only an grain of sand of the population who's 100% serious! The other stupid people will eventually come to us for help, I will turn my back!

[D33Lux]

@ pookypoo77 - I carry a pair of tin snips where ever I go, if I see a old stove, fridge...etc I cut off the cord for the copper. I know this method is slow, but the way I see it is FREE copper = FREE money. People look at me like I'm weird, but I'm like "The crow & the pitcher" story. We all need to be in these uncertained times. I was told NOT to melt the copper, junk yards won't take it if its melted. I just strip the wire. I'm going to keep some without stripping it. copper will go up in $

[moofph]

...consider 1979, '80, '81, '82, and '83, where a silver quarter would have bought you MORE gallons per silver.

gasoline, on the average, peaked at $1.43 per gallon in 1979 and the yearly average price for silver in ounces peaked at $21.793 in 1979. Thus, a silver quarter would have bought you more gallons of gasoline in 1979. Roughly,

21.793 / 1.43 = 15.23986 gallons per ounce

15.23986 / 4 = 3.8 gallons per quarter ounce

...how it will be this time around is something to look forward to.

[CaptainTripsz]

PMs are investments. All investments have risks. There is no guarantee silver etc will maintain its purchasing power 1:1 every day. It will fluctuate. 10 years ago I could buy a BK Whopper for $1 and 1 oz silver for $5. 1 silver 5 Whoppers. Today I can buy a Whopper Jr (less burger) for $1. Lets say a Whopper Jr is half a Whopper that means the dollar lost half its value (50%). 1oz silver, 18.5 Whopper Jrs 1oz silver today $18.5 up 370%. In 10 years will it be up another 370%? Maybe, maybe not.

[davincij15]

No prices will go up and down even in a hard money standard but they work like a wave pattern from overvalued to under valued but never going in one direction like the dollar.

I wrote a comment on a blog that explained wealth it answers your question about the Whopper and why its gone down priced in silver. I will do a video on it.

[moofph]

...its more fun to jump off the wagon.

[AfterTheFox75]

As long as you remember to hit the ground running. lol

[brown55061]

I think you can make the argument that if the buying power of the dollar reduces with inflation and cost of goods rises, the value of commodities will rise too. It's a 98% certainty judging by the past. If there is a bank crisis the commodities will likely double in value, if not in other nations, they still will here due to the crisis and the premium.

You like like you are having fun, glad to see it. Enjoy the sabbatical haha.

[davincij15]

It is fun, too much fun.

[peevedgrl]

LOL, you look like a kid who got caught eating cookies before dinner. Don't feel guilty, we are living in unprecedented, strange times, it is only natural to be enveloped. Your "obsession" will protect yours and your families future. I am in the same boat as you.  I also feel strangely guilty for the attention to internet news, my extra purchases ie: Berkey h2o filter, survival seeds, canned/dry ,food ect. Its a strange guilt like when you pay your auto insurance, "will I really use this"?

[davincij15]

Yeah that's how I feel each time I buy all that stuff. But then I think man will I be happy to have it if I did need it. :)

[sizzlot]

Just like they say about guns, It's better to have it and not need it than to need it and not have it...

[101011a]

They PULL you back in!

[davincij15]

God Father! Loved that movie.

[helpendthefed]

Yea, the price falls and they raise the spot price premium. They know what's up.

[jimbobubbadj]

I am glad that you fell off of the wagon. Glad to have you back.

[davincij15]

lol good to be back.  Need to limit my time though.

[SolitonPL]

2 weeks hehe

[LOGICvsYTIDIOTS]

LOL I knew you would be back by the weekend lol

[prudentinvstr]

PMs protect you from the stealth tax inflation. Thanks for the post.

[Raycheetah]

PMs (and other commodities) do not have counter-party risk. Stocks, equities, whatever PAPER have you, DO.

And do we honestly think the $US is gonna get better in the long-term? Not while Helicopter Ben keeps pumping out the bucks! Physical gold and silver (and platinum, palladium, and rhodium, if that's your thing), in your hand, is real wealth. =^[.]^=

[skybirdbird]

all things in moderation.....lol....i am with you in the storage of wealth........

[whiskerchild]

You cute, little addict, you. Glad you "broke down".

[icebreaker7]

WB! It's about moderation. That's the key.