why not hold gold in diferent acounts around the world like switserland australia new zeland dubai extra and have citizenship in different nations as well so no body can touch you
not a word about silver and the 100's of uses for it? Gold would be confiscated by government if it goes past 2k and ounce. Silver on the other hand is something you can sell to huge industrial users all over the world! Silver is your best bet because government will be all over gold like relief/infiltration efforts for Haiti! Buy Silver and hold it for 10-15 more years, safest bet out of all this.
@Arginine88 What makes you think people who hold gold are going to comply with a corrupt gangster government, that likes to steal wealth from the masses, just because they announce a "gold amnesty"? I reckon by that time most would have figured out that the government are just leaching selfishly from the people.
oh... and those fraction coins keep getting suspended for sale by the US mint so ... that being the case, due to a shortage of metals to meet demand, someone's buying it. I'd say Harry's 'dead on the money' about dangers - just like if you were walking with several hundred dollar bills hanging out your pocket, down the street, anywhere but Wall street...
gold is soft. If a person didn't have a coin one could always cut a piece off. That's how people in the old days before paper currency did trade using gold. In these modern times a scale could be used to measure the weight before and after cutting to ensure it's right. Worst-case scenario.
one option is to get silver, or gold and silver in fractional pieces. or find whoever owns a farm and buy some cows in bulk and sell the meat or pay slaves/employees with a 1oz steak vs a 1oz gold coin. :)
So, the point is, if you only have $10k, buy some emergency supplies, canned food, and whatever you might need in case of break down of supply chain, and shortages. If you have $100K, you can buy the necessities, and then take the remaining money and buy gold.
The point of gold is to preserve wealth, but you must know that you can't eat it or drink it. If you want to own gold, you have to have emergency supplies so that the guy with the beans doesn't gyp the starving gold holder.
Gold would be just like any commodity. Like, in a worst case scenario, the ideal would be to stock up on oil, toilet paper, canned foods, cigs, and liquor. To have enough for personal consumption as well as for trading purposes. Once you have all those necessities, you can take whatever remaining wealth you have and turn it into gold. Gold can be just a store of wealth, which can then later be turned into a certain amount of tp, or canned food, or whatever.
you can bet on the fact that governments will disappear.
The people will find out that they are responsible together with the banks.
They will find out when the unemployment figures will get much bigger. The system of governments and their serfs will end. Then the fiat money will be worth nothing.
1. Only some have gold and when currency collapses, the first barter/trade that is done with gold is the first step to spreading the gold around. Gold is currently being used in Zimbabwe for trading.
2. Gold being hoarded due to high price: The price will be high because people want it. If no one accepts it (in trade), the price must come down, thus rebalancing the equation and allowing trade again.
3, Huge difference between price and value. The price of gold can go to 5K, but if you are measuring it in FRNs, then you are using a constantly changing yardstick for your measurements.
6. 6000 years of history. Eg: When the Roman empire collapsed due to monetary inflation (dilution of coins), did the following civilizations not go back to gold?
When the French Assignats collapsed in the late 18th century (1790s), did the French not go back to gold?
you can always move to the far east : in India almost every family has gold... and soon every family in China will have gold.
Also remember that there will be half ounces and quarter ounces and even smaller coins to start a new gras roots financial system : when the shit hits the fan, people will do everything to have a little bit gold and silver
That will not happen if gold doesn't go higher than 5000 dollar.
I mean : 5000 dollar per ounce is NOTHING.
Gold price adjusted for inflation, for all the paper gold conversion, for all the tungsten laced bars that have to be converted.... the price of gold will have to be 35000 dollars per ounce before happens what you think will happen.
I think 35000 dollars per ounce isn't even close to what should be the real price.
Gold may be like taking a 100 dollar bill to a fea market. Yes gold may attract attention and be clumsy as any high denomination note would now. But it would be money.
Collapse of the dollar and other currencies seems to be the central concern regarding economic stability. Do you think the elite or the power brokers or the movers-and-shakers or the Bildenbergs or government leaders or who/whatever can get together and have a "gentlemen's agreement" to prevent financial catastrophe or do you think these events are under scientific laws such as thermodynamics? You were alluding to that when you were talking about relative worth in value transactions.
(Matthew 24:21,22) 21for then there will be great tribulation such as has not occurred since the worlds beginning until now, no, nor will occur again. 22 In fact, unless those days were cut short, no flesh would be saved;...
great video. honestly, i think your logic is dead on here.
our metal may be 'valuable' but effectively useless for a period of time.
it may seem weird but i have other items in quantity that i see as much more effective 'money' than a piece of metal. for example, i have portable ceramic water filters. they are cleanable and can filter over 10,000 gallons of water on one filter. to me, these will have much greater value than gold or silver in a worst-case scenario.
Some people here are using the title "Gold & Armegeddon" as if there were no circumstances which fell 'in between'. At the extreme, I can't imagine gold or silver doing me or my family any good with armed people running up & down my street. Harry, I think you're doing a good job of bringing to light the endless possibilities in a market beset by the falling dollar and the rise of gold.
In the mean time, I pray that fear does not guide our futures.
gold is in a bubble...just look at a chart...its classic bubble behavior....look at the BS thats being talked....its the same with any bubble...house prices will go up forever, they will never go down again...its the same thing all over but there are still stupid suckers who will buy into this shit. buying gold right now is just plain stupid.
To answer you're question in a Armageddon scenario..The world turns to shit..Nothing matters..See I sumed up what took you 10 min to say..in 10 seconds
Harry I don't believe in a Armageddon scenario .I do believe we will see inflation like the 1970's maybe a little worse..If I am right you sold way to early buddy..You were wrong..you lost..end of story..I hope nobody sold on you're advice
An afterthought..., and advice. If I knew a guy with some Gold (Silver) for sale.... I might start a conversation with my Dentist. Make friends and mention connections I had, in a discrete manner. I also have a client who designs and creates high-end bling (each city has talented Artists). He is also connected with many other Jewelers. He'd be worth dropping a couple of hints to, if I knew of such a man, selling PMs. Get my point? You must find your buyers. Find them Wisely. Peace.
i know stupidity hurts..and u need to lash out w/ your fable minded comments...but can't you leave me alone for ONE day...you low class son of bitch. sheesh...tomorrows Thanksgiving!!
you know. i'm PERFECTLY fine w/ people..even MOBS who disagree w/ me. All i'm asking for is a civil debate of ideas. this series..although long...touched on ONE scenario...the 'worst-case' scenario...which MANY people who are now buying physical gold use as their #1 reason.
i just wanted to share a different point of view and get some feed back. but man...i've been attacked...not only on these video's..but personally. that a statement in itself. thanks for you great comments!
Your scenarios really only apply to those with significant holdings of Gold. And there are some valid points made. Very worst cases, nothing really will matter. Other cases will usually contain various options for exchanging larger amounts of Gold. Much will depend on your network of like-minded peoples (you are networking, I hope). Always be smart, there will be many scams and thieves. But serious investors of Gold most always are invested in other resources as well. Silver, Food, Meds... Out.
for day-to-day. Some people do trade in Mona Lisas...., but not at the bakery. Tax and take Gold? Only if you tell them you have it. or keep it at bank, lol. :)
Have enjoyed the series much. Don't agree with all,
but is food for thought and reflexion. Appreciated.
A diver with empty tanks thinks that air is the most valuable thing imaginable, while a man treking across the Sahara would argue that water is the most important thing.
Instead of imagining scenarios where gold becomes worthless we should accept that it is gaining purchasing power now and instead consider other assets that might provide more utility as time goes on.
Arguing over which asset is the "best" to own is as productive as arguing over who is the most beautiful woman of all time.
Up here in Spokane, WA the northern tier has gold yet to be discovered and I know of men who gold pan up there with dry-suits and vacuum-like-muck-suckers in those ice cold creeks and have pulled some solid strikes... Or so they say.
If they confiscate gold and make holding it an illegal act it will become, as other such commodities have in the past, a medium of exchange on the black market much like prostitution and illicit narcotics.
There will always be a medium of exchange for gold...
I think that you have to diversify into a number of different assets to barter with. There is only so much that you can store in food and essentials, and this type of asset isn't likely to useful for things like medical care, fuel, or taxes. A percentage of precious metals needs to be in small sizes, and silver would be preferrable for everyday trading. If you have a lot of savings, gold is practical because it is very portable.
You might want to think about non-electric tools. Things like an alcohol distiller, hand crank sewing machine, wood burning stoves, Amish garden tiller, etc.
i think gold is a good invetment for now but i think we should all ask ourselves how is value trully measured ? i think value is measured by the demand or need for something at a specific period of time and if i am right that means even gold can be close to worthless in a time when currencies crash and there are food scarcities
I think Gold is a good to own, but I am hoping it doesn't go up. I think of it as a form of insurance, but you also have to be realistic if it goes up. I think these videos give a good dose of reality to some of the gold bugs. I am not wishing for gold $5000!
Great vids Harry keep them coming. Gold and Silver should not be used as a first option for barter or trade. People should not openly advertise that they own the metals. Buying Gold and Silver should be seen as a store of wealth that you can pass on to your kids and grand kids not to trade for cans of beans. Chances are if you have money to buy gold then you probably have other things in your home to use for bartering
I find it amusing that most if not all the naysayers to this video series aren't actually answering the questions. For instance, @ 5:23, Harry asks a very logical question, yet I didn't see anyone actually attempt to answer it. I see fools asking why they wasted their time watching the video. That's a good question, why did you? It obviously wasn't because you had anything intelligent to add!
Gold will always be traded and it will not be used by the masses, historically it is the asset of Kings and was used to settle accounts. Even in times of old people found it more convienient to use Gold certificates given by the goldsmiths holding the gold for safekeeping. Can you imagine settling a realestate transaction in silver? How many people would pay a Realtor a 6% commission on 300k sale, imagine paying 1000oz of physical silver to sell?
Being separated from physical people lose site of true value. Paper should reflect physical otherwise how does one determine value and that they are not getting ripped off. When I buy something or pay for a service I think of it in terms of silver and gold and that is a great measure to determine the value of what I am receiving for my paper dollars. The average Joe does not understand value thats why they get ripped off. I know becuase I got ripped off for yearsbefore I got into Gold!
i can ALWAYS count on you to hit key points (and weakness' in others arguments). You seem to see though all this and really GET it. thanks for your comments..AND for calling people out when needed.
I've watched through this video series and frankly there is absolutely nothing convincing here. You are desperately trying to play down gold from every angle and I'm left to wonder why.
If gold goes to 5k$ that doesn't mean that it's "out of whack", it simply means that the dollar is becoming more worthless. When a loaf of bread will be 50$+, 5k$ or even 50k$ means nothing.
If it gets so bad that only food and ammo goes you might have a point. Otherwise no.
@He101a, well you haven't studied The Battle of Stalingrad WW2. The first thing you have to satisfy is your need for food, then once you got enough food you will loot whatever valuable you can. Gold is useless to you if you die of thirst or starvation.
Gold is like any item of value you need to determine when its best to hold and when its best to sell and convert to something else. Right now it is the safest way to protect wealth. During the War you mention, the smart money, took their gold and left the country.
Did I really waste 20 minutes watching this clown? WTF are you making videos? You're arguments are so ridiculous, they're almost laughable. What does it matter what percentage of the population owns gold? It's been money for 5000 years and it will whether the dollar collapses or not. Back out retirement plans, and a similar percentage of people own stocks. Does that make stocks a less viable asset class? And what investment bank was ready to hire you for wealth management?
You're less sophisticated than my 2 year old. You obviously missed the move for the last 10 years and you'll likely miss the move for the next 10. I'm no goldbug and I appreciate rational arguments on gold depreciating like deflation. But this whole series was total garbage.
If out of 500 people, 25 people own gold, what makes you think the other 475 will see the value of what you're holding? If they don't, what good will it do you? You then are forced to trade with the other 24 people, but what if all they have is gold and nothing that you really need for trade? Then what?
There is always a buyer for Gold. You dont use stocks bonds , land or commodities to trade on a micro level, you convert your asset to what is needed as a medium exchange. Your argument is the same old argument people use when they say , you cant go to the grocery store with gold, and that is their entire reasoning as to how foolish it is to own it. Bravo Sierra!!
@jonah70757...I think the biggest disconnect in most opposing views here is, what type of scenario are we talking about? In a time when all chaos breaks out, then I'm worried about the guy at the grocery store accepting my gold for an exchange. If a guy has 10 bags of beans but no water, do you think he is seeking out the guy who has gold, or the guy with the well?
I agree totally with you there. Even in periods of non chaos the ones who control the productive assets control wealth production! The entire Fiat and debt based system is about creating paper to acquire producing physical assets of value, gold is merely a store of value and insurance.
Absolutely correct it been money for longer than 5000 years! And always will be. Even when the NWO order gets their little digital cashless One World Bank and Financial system they will still be loaded up on Gold. If Gold is so worthless why all the hoarding of it by the elite? Why all the games, The Tungstem Bars,The shorting ofit on the comex to mangae the price and the big media campaign to discredit gold for years and years?
I think you're assumption that trade and production will come to "a screeching halt" is flawed. Under a pure gold / silver standard, it will likely take the public 1-3 months to adapt to the new reality. You would rapidly see a system of weights and measures appearing. And also - you're assumption that people don't own any silver is incorrect. Look at peoples necklines the next time you walk down the street.
Lastly, once a pure gold / silver standard is mainstream; the economic crisis is over.
keep in mind we will still be a wealthy nation once we get out of this collapse. There will be stages of rebuilding that will fail, but that doesnt mean you cant increase your standard of living through a collapse if you can survive.
Develop relationships with your local coin shops or dealers. They typically have contacts that can buy larger quantities of gld/slv should you need to liquidate quickly.
I must truly confess I can't take all the credit for your nickname. One of the commentors make the statement that you are "proof Monkeys can type." And so I expanded on her views.....now get back in your cage!
Nothing personal, but it seems like you started this series not sure what you wanted to say.. you make some logical arguments, but never against a reasonable standard. People who own gold don't just own it in 1oz sizes or larger.. many, many of us hold grams and other small sizes. Plus, silver is for trade.. gold is for wealth storage.. IMO.
Growby10, I don't believe gold will be literally traded as the dollar is now, but will instead be a backing for a future currency, at least a partial backing standard (not quite a full gold standard, but a partial one). When that happens, I believe those who are not holding gold will simply lose 1/2 to 2/3's of their wealth through an official dollar devaluation and possibly a trading of old dollars for a new ones. Those who hold the gold can THEN sell their gold.
I watched all 3 videos \0/ While you do make a few good point about gold in worst case scenario, it is not a reason NOT to hold any at all. That is where you failed. You need to think about if we don't get to the worst case scenario and the day after the worst case scenario is no more.
OF course, those who hold gold definitely do not wish or want hyperinflation, because even those who hold gold will be crushed. Its just a piece of metal that only has value because others think theres value. In the worst case scenaro, only food/water have value. Gold could be worth $923894893284923842, but you won't be able to trade it for anything
4rcane-I would recommend u buy land in the countryside,perhaps farmland. Buy guns and ammo. Buy an extensive first aid kit, antibiotics, extra clothing, several pairs of shoes(boots, leather shoes,etc),. Buy land in a foreign country?(if u can afford that.) and precious metals. Perhpas a small camping trailer to live in if u have to become mobile...
You're obviously working for the government in order to suppress precious metal prices so china can have its loans repaid and India can continue to produce jewelry in a cost effective manor.
A hungry person would probably rather trade a roll of toilet paper for a cup of rice rather than for a round of silver. So I'll do both, stock up on useful commodities as well as hold some precious metals.
And good like to the government finding the lion's share of it in my home. It's not there. I also keep copper, and good luck finding that as well. I think you're addressing an overly simplistic view. No one is expecting either Gold or Silver alone to solve any problem. It's part of an overall interconnected system of insurance policies that will see you through several years of difficult times. Do you get what I'm saying? I know almost no one who is looking at it like you think they are.
What makes you think the government can or will confiscate my Gold & Silver? What do they have to know to do that? Well, they first have to know I have precious metals. I do have strategic plans in place and some metals I'm willing to give up. But my Gold & Silver, even junk silver, has never been bought on-line or with anything other than cash. Good luck to the government finding out that I've purchased any metals, what kinds, and how much. CONT'D
Yeah, they'll collect taxes if a government still exists. Your point is what? You're saying that because people will have to pay taxes that having varied items of value, including precious metals, is pointless or somehow a bad idea? This is silly Harry. Come on......give me something real. No, Jesus was never in any coin. He's in Heaven at the right hand of God. What does Jesus have to do with this topic? I don't see any one thing as salvation. I simply see a varied strategy as prudent.
I suspect that this government is getting very close to the end of it's ability to get "everything we've got". When people see that it has nothing to offer but lies and corruption we will see an "unofficial" economy that will dwarf that seen during Russia's collapse. When people refuse to participate, governments fall.
If your point is that goldbugs should be hoping for a slow paced $ devaluation I think you would find few who disagree with that. A slow grinding stagflation would offer the most opportunity for those who got into metals early.
Very few goldbugs are hoping for armageddon. Many countries have gone through a currency collapse. I suspect that the rhetoric you hear that sounds like a desire for a collapse is really based in a desire to see this corrupt system fail and replaced w/ true free markets.
@frgtmygld But it won't be replaced by free markets. The international liberals will blame the collapse on free markets, and you'll see us transition into an international governance structure that places the world under some type of common currency with much greater governmental and international control and regulation of the private sector.
judging from the way things appear today I would have to agree with you. That is my worst nightmare, one I try to avoid thinking about too much.
I can only hope that hard times will bring about enough enlightenment to create a desire for a return to constitutional government and a newfound respect for the concept of FREEDOM.
If it doesn't, I guess we'll get what "we" deserve.
We think alike. I certainly hope for the best, but I'm preparing for the worst. And if I'm realistic, then I think things will slide toward tyranny rather than freedom. Remember, the American experiment and liberty was only ours, "if we can keep it". It seems increasingly clear that we can't, but certainly I'm not looking forward to living in that world. Having said that, I'd be less than prudent if I didn't prepare for it in full. Glad we're on the same page.
You won't get any argument out of me. He represents the destruction of this nation. The prudent American will do all they can during these years of plenty, which they are when compared to where we'll be in 5 years, to prepare themselves to be self-reliant in the coming years.
Soros is a luciferian. Obama is openly admitting that he gives more credits to islam than the God of America, the One who blessed Israel.
This is judgement before judgement day.
Prepare.
Seek wisdom in the Lord.
Humble yourself.
Try to read the bible as a hotline communication tool between you and your Creator. Avoid the unholy quran, they unholy doctrines of gurus like the plague.
Who I trade with and what I trade them for will depend on the circumstance. But the wise individual will have a varied stock of goods from which to draw. And the wise person will not be in this by himself and will not have everything he owns in one location. I certainly have other people in my network and I don't have everything in my house. But if and when a standard currency is established by someone other than the government, I'm prepared. Are you? CONT'D
But the point is that it's not as if Gold & Silver represent the only basket in which we have to place our eggs. If you're smart, you're purchasing all sorts of items that are likely to have value in a collapse environment. Do you have quality tools? Do you have extras? Do you have portable solar panels? Do you have an ammunition stock of various kinds of ammo? Do you have guns? Do you have knives? Do you have OTC meds and Pharmaceuticals? This is what I'm talking about. CONT'D
in your local market. But do I think that Gold and Silver will be any kind of standard currency? No, not necessarily. That is entirely dependent upon what happens. If we have a worst case scenario happen and the collapse lasts for a long time, some kind of currency system will evolve. It may include a variety of commodities like food, ammunition, alcohol, medical supplies, hunting/survival knives, and/or yes...precious metals. We really won't know that until we get there. CONT'D
environment. Like I've said probably 100 times by now, this is an insurance policy for me and one that provides me with additional flexibility. Unless we go into a Zimbabwe or Mad Max type of collapse, Gold & Silver will always be useful investments. Even if it comes down to trading it in pawn shops for whatever is serving as the local currency, it will still be useful. Gold, more often then not, will only be used for larger purchases, unless you're only getting 10% or 20% of its worth CONT'D
Harry, the problem with this series of videos is that your approach is simplistic. Who are you talking to? Are you just talking to the market timer who's trying to make money on Gold and thinks he'll be able to buy the world in a collapse environment? If so, then I estimate that 90% of your audience is probably blowing you off right about now. Speaking for myself, I don't think and have never thought that precious metals investment was a silver bullet, no pun intended, in a collapse CONT'D
Good info- We need to look at all variables in any situation.We would be fool's not too.I have been thinking on the same lines you have.Thanks for your vids.
Metals will most likely serve as a store of wealth during a time when very few assets are maintaining their value. Metals will act as a bridge to the next asset class that shows growth potential. Those who were flexible enough to move into metals will probably be flexible enough to jump into new opportunities when they present themselves. Confiscation? Maybe, but not if enough people move into the metals, and not if the country is starved for investment capital.
gold won't be traded like this for goods the logical thing to do would be to use silver or trade gold for silver to by goods SILVER DOLLARS ARE A MUST
I think your main problem is you think too much. dont think so hard about what happens in hyper-inflationary times - simply study what has happened in the past.
History is rife with examples - and in every example - gold and silver are the ONLY money that holds up.
Bartering is anther form of exchange but relies on the hope that someone is willling to trade for what you have.
Plus u dont talk about silver for the smaller ticket purchases (the everyday stuff)
oh..this is series is longer than i wanted..but i didn't want to spoon feed sound bites. i know u may not like to hear this ..but i'm still not finish and will be covering some of the points u mentioned.
but...where does my logic breakdown? u don't think there will be any issue w/...as you said...only 1 in 100 people owning gold?
show me one example, throughout history, where it has been problematic holding gold (or silver) in hyper inflationary times.
If you can do that - then I will do a video response to this saying you have a damn good point.
If you cannot - than the entire premise of this video is misguided would you believe? I mean - history is our teacher as you say - so where in history does your video tell us similar?
if you can provide a good historic case study for what you're saying here - then i will acknowledge what you are saying and your vids in my next video.
you're 'challenge' is also flawed in many levels..but i can provide you with some very compelling info...but all of which can be seen as meaning less b/c like i said. the great majority of the jokers here are losers....one way or another they inability to seperate their animalistic instincts...greed and ego..will spell doom for them in the end.
@Growby10 - Then demonstrate such. Simply responding to a simplistic strategy that is not one I'm seeing virtually anyone employ isn't going to get you there.
I wish you would do a video response, because I think he's off the mark. It's not that he doesn't have a point, as there probably is someone out there who is only buying Gold and trusting in it to solve all of their problems, but I'm not doing that & don't know anyone else who is.
Great point would have loved to see a stella Sylvester moore meetup video he was down under(Melbourne) this past week said Australia is not showing to many signs of economic slowdown he's thinking about relocating what ya think stella?
@Growby10 - I don't know. It may be present, it may not be. Maybe it will be overwhelmed. I have multipe firearms, and I have multiple people within my group. So I will protect myself and have others protecting me. I don't think you should be naive and think that you're going to be able to walk around alone with gold, silver,or much of anything else just sitting in your pocket. Right now, I have a supply of everything from SAP gloves, to brass knuckles, to knives, to guns. You?
The only problem I see with this is that crime levels would increase dramatically. That's where gold may come run into problems.
(mlong5151 made a simple but good point and both of ytgv3fc7 comments are valid points also.)
Shogun2k7 1 year ago
I traded 2 oz of silver for a oil change now.
Mr2wings 1 year ago
Solution! Sell your GOLD and buy SILVER!
Thoeswerethedays 1 year ago
why not hold gold in diferent acounts around the world like switserland australia new zeland dubai extra and have citizenship in different nations as well so no body can touch you
madfish1000 1 year ago
not a word about silver and the 100's of uses for it? Gold would be confiscated by government if it goes past 2k and ounce. Silver on the other hand is something you can sell to huge industrial users all over the world! Silver is your best bet because government will be all over gold like relief/infiltration efforts for Haiti! Buy Silver and hold it for 10-15 more years, safest bet out of all this.
Arginine88 2 years ago
@Arginine88 What makes you think people who hold gold are going to comply with a corrupt gangster government, that likes to steal wealth from the masses, just because they announce a "gold amnesty"? I reckon by that time most would have figured out that the government are just leaching selfishly from the people.
Shogun2k7 1 year ago
gold traded for so much silver that might be traded to so much copper that might worth so much of this or that
mlong5151 2 years ago
oh... and those fraction coins keep getting suspended for sale by the US mint so ... that being the case, due to a shortage of metals to meet demand, someone's buying it. I'd say Harry's 'dead on the money' about dangers - just like if you were walking with several hundred dollar bills hanging out your pocket, down the street, anywhere but Wall street...
ytgv3fc7 2 years ago
gold is soft. If a person didn't have a coin one could always cut a piece off. That's how people in the old days before paper currency did trade using gold. In these modern times a scale could be used to measure the weight before and after cutting to ensure it's right. Worst-case scenario.
ytgv3fc7 2 years ago
incorrect.
when gold goes to $10,000 an oz, the US Mint will do a brisk trade in 1/10 oz coins which will be worth $1000. They just wont sell as many 1oz coins.
maybe a suit and sandals will still cost 1oz of gold, maybe you will get 2 suits and 2 pairs of shoes for 1oz.
Soon your taxi driver will give you a hot tip: buy gold - and when that happens and the dollar drops, the participation rate in gold will increase.
ukulelectric 2 years ago
one option is to get silver, or gold and silver in fractional pieces. or find whoever owns a farm and buy some cows in bulk and sell the meat or pay slaves/employees with a 1oz steak vs a 1oz gold coin. :)
MrSilverEye 2 years ago
all these videos say the exact same thing, if worst case comes gold will be hard to trade due to its high value.
why have like 10 videos saying the same thing with no additional data.
nathanblogs 2 years ago
Yeah I'm not too keen on gold. It costs too much to use in old style trade.
A gold sovereign would buy a months shopping.
Silver coins seem a lot easier to use for trade as its worth a lot less.
stuntpea 2 years ago
Turn the computer off and get back in your cage!
seadog92023 2 years ago
Good point Deni,
Unfortunately, that knuckle dragging primate known as Harry will continue on with another 5 part series.
Harry, end this series! And you don't need to give stuff away to your subscribers... Instead give to a local charity or food bank.
You Monkey!
seadog92023 2 years ago
The end!
No need for a 5 part series and multi syllable words.
And the comments aren't interesting...
Now stop showing up on my "jim rogers" search. Thank you!
deni1985 2 years ago
So, the point is, if you only have $10k, buy some emergency supplies, canned food, and whatever you might need in case of break down of supply chain, and shortages. If you have $100K, you can buy the necessities, and then take the remaining money and buy gold.
The point of gold is to preserve wealth, but you must know that you can't eat it or drink it. If you want to own gold, you have to have emergency supplies so that the guy with the beans doesn't gyp the starving gold holder.
deni1985 2 years ago
Gold would be just like any commodity. Like, in a worst case scenario, the ideal would be to stock up on oil, toilet paper, canned foods, cigs, and liquor. To have enough for personal consumption as well as for trading purposes. Once you have all those necessities, you can take whatever remaining wealth you have and turn it into gold. Gold can be just a store of wealth, which can then later be turned into a certain amount of tp, or canned food, or whatever.
deni1985 2 years ago
you can bet on the fact that governments will disappear.
The people will find out that they are responsible together with the banks.
They will find out when the unemployment figures will get much bigger. The system of governments and their serfs will end. Then the fiat money will be worth nothing.
opzoutenAUBnugraag 2 years ago
let's hope that the dollar collapses during a winter.
Then you can use it to heat your fire.
opzoutenAUBnugraag 2 years ago
Okay, get ready to be disagreed with Harry! lol
1. Only some have gold and when currency collapses, the first barter/trade that is done with gold is the first step to spreading the gold around. Gold is currently being used in Zimbabwe for trading.
2. Gold being hoarded due to high price: The price will be high because people want it. If no one accepts it (in trade), the price must come down, thus rebalancing the equation and allowing trade again.
cont...
MengersDisciple 2 years ago
3, Huge difference between price and value. The price of gold can go to 5K, but if you are measuring it in FRNs, then you are using a constantly changing yardstick for your measurements.
6. 6000 years of history. Eg: When the Roman empire collapsed due to monetary inflation (dilution of coins), did the following civilizations not go back to gold?
When the French Assignats collapsed in the late 18th century (1790s), did the French not go back to gold?
cont...
MengersDisciple 2 years ago
Side note on that French monetary collapse, here's a reading of:
"FIAT MONEY INFLATION IN FRANCE
How It Came, What It Brought, and How It Ended"
by ANDREW DIGESON WHITE, written in 1896
watch?v=y2BR9Z6U4Ds
.
MengersDisciple 2 years ago
you can always move to the far east : in India almost every family has gold... and soon every family in China will have gold.
Also remember that there will be half ounces and quarter ounces and even smaller coins to start a new gras roots financial system : when the shit hits the fan, people will do everything to have a little bit gold and silver
ewffaces7 2 years ago
That will not happen if gold doesn't go higher than 5000 dollar.
I mean : 5000 dollar per ounce is NOTHING.
Gold price adjusted for inflation, for all the paper gold conversion, for all the tungsten laced bars that have to be converted.... the price of gold will have to be 35000 dollars per ounce before happens what you think will happen.
I think 35000 dollars per ounce isn't even close to what should be the real price.
ewffaces7 2 years ago
Gold may be like taking a 100 dollar bill to a fea market. Yes gold may attract attention and be clumsy as any high denomination note would now. But it would be money.
Buy silver first.
LysSpooner 2 years ago
Collapse of the dollar and other currencies seems to be the central concern regarding economic stability. Do you think the elite or the power brokers or the movers-and-shakers or the Bildenbergs or government leaders or who/whatever can get together and have a "gentlemen's agreement" to prevent financial catastrophe or do you think these events are under scientific laws such as thermodynamics? You were alluding to that when you were talking about relative worth in value transactions.
James
MonteCristoRecords 2 years ago
you alluded to this early on: some metal investors have reached an almost manic level.
that is a dangerous place to be because you tend to not be open to new ideas.
i have seen videos where the person was almost giddy in anticipation for a collapse.
look, i own gold and silver in reasonably substantial amounts. however, in the end, its a piece of metal.
only a fool is not open to new ideas, especially when the stakes are this high.
HighlyDelusional 2 years ago
I think u are too theoretical. Practically gold will pay off.
Check out what is ACTUALLY happening in Zimbabwe. A country currently in Hyperinflation.
video : v=7ubJp6rmUYM
So from reality it can be seen that when shit hits the fan, owning gold is the RIGHT choice.
jaideepbs 2 years ago
(Mark 13:31) Heaven and earth will pass away, but my words will not pass away.
Ddvex 2 years ago
(Matthew 24:21,22) 21for then there will be great tribulation such as has not occurred since the worlds beginning until now, no, nor will occur again. 22 In fact, unless those days were cut short, no flesh would be saved;...
Ddvex 2 years ago
great video. honestly, i think your logic is dead on here.
our metal may be 'valuable' but effectively useless for a period of time.
it may seem weird but i have other items in quantity that i see as much more effective 'money' than a piece of metal. for example, i have portable ceramic water filters. they are cleanable and can filter over 10,000 gallons of water on one filter. to me, these will have much greater value than gold or silver in a worst-case scenario.
HighlyDelusional 2 years ago
thanks you for comments and support!
Growby10 2 years ago
whit is that pic of on your name? a Angel or fallen Lucifer?
mattandpatti222 2 years ago
Some people here are using the title "Gold & Armegeddon" as if there were no circumstances which fell 'in between'. At the extreme, I can't imagine gold or silver doing me or my family any good with armed people running up & down my street. Harry, I think you're doing a good job of bringing to light the endless possibilities in a market beset by the falling dollar and the rise of gold.
In the mean time, I pray that fear does not guide our futures.
noclouds111 2 years ago 2
gold is in a bubble...just look at a chart...its classic bubble behavior....look at the BS thats being talked....its the same with any bubble...house prices will go up forever, they will never go down again...its the same thing all over but there are still stupid suckers who will buy into this shit. buying gold right now is just plain stupid.
asdasdasdasdasd23456 2 years ago 2
@asdasdasdasdasd23456 Why is it stupid...? Isn't the point to buy low and sell when it peaks?
ludogogo 4 months ago
To answer you're question in a Armageddon scenario..The world turns to shit..Nothing matters..See I sumed up what took you 10 min to say..in 10 seconds
rollinglibs101 2 years ago
Harry I don't believe in a Armageddon scenario .I do believe we will see inflation like the 1970's maybe a little worse..If I am right you sold way to early buddy..You were wrong..you lost..end of story..I hope nobody sold on you're advice
rollinglibs101 2 years ago
Gold Sets Record as Dollar Drops, IMF May Sell More to India ..
Metal Bid Ask
Gold $1,190.10 $1,191
rollinglibs101 2 years ago
Airave 2 years ago
I think Harry is the most beautiful monkey I've ever seen.
seadog92023 2 years ago
Very well said!
seadog92023 2 years ago
i know stupidity hurts..and u need to lash out w/ your fable minded comments...but can't you leave me alone for ONE day...you low class son of bitch. sheesh...tomorrows Thanksgiving!!
Growby10 2 years ago
Harry, I for one wouldn't mind if you cut seadog's anchor and set him adrift.
frgtmygld 2 years ago 2
you know. i'm PERFECTLY fine w/ people..even MOBS who disagree w/ me. All i'm asking for is a civil debate of ideas. this series..although long...touched on ONE scenario...the 'worst-case' scenario...which MANY people who are now buying physical gold use as their #1 reason.
i just wanted to share a different point of view and get some feed back. but man...i've been attacked...not only on these video's..but personally. that a statement in itself. thanks for you great comments!
Growby10 2 years ago
very cool. definite disagreement, but have caused us all to think.
i've seen people comment early on that these videos were a wasting of time. humorously, they continued to watch and comment on every one.
no one has all the answers on this, but literally our life may depend on our preparations and strategy. its worth the time and debate.
thanks for your time and thought-provoking ideas. i rarely ever comment on videos, and yet have found myself commenting on every one of these.
HighlyDelusional 2 years ago
Harry I have been hard on you. Will you accept my apologies. Have a good day tomorrow with your family and loved ones!
seadog92023 2 years ago
Airave 2 years ago
Silver (better for small exchange), Necessities
(Food, Meds, Energy, Ammo, Good Stuff), Property
and such. And will survive on these investments
for day-to-day. Some people do trade in Mona Lisas...., but not at the bakery. Tax and take Gold? Only if you tell them you have it. or keep it at bank, lol. :)
Have enjoyed the series much. Don't agree with all,
but is food for thought and reflexion. Appreciated.
And 5*'s for the work and intention!
Airave 2 years ago
A diver with empty tanks thinks that air is the most valuable thing imaginable, while a man treking across the Sahara would argue that water is the most important thing.
Instead of imagining scenarios where gold becomes worthless we should accept that it is gaining purchasing power now and instead consider other assets that might provide more utility as time goes on.
Arguing over which asset is the "best" to own is as productive as arguing over who is the most beautiful woman of all time.
frgtmygld 2 years ago
Comment removed
Hiberniason 2 years ago
Up here in Spokane, WA the northern tier has gold yet to be discovered and I know of men who gold pan up there with dry-suits and vacuum-like-muck-suckers in those ice cold creeks and have pulled some solid strikes... Or so they say.
If they confiscate gold and make holding it an illegal act it will become, as other such commodities have in the past, a medium of exchange on the black market much like prostitution and illicit narcotics.
There will always be a medium of exchange for gold...
Hiberniason 2 years ago
I agree. Gold will not be traded for commodities. I think however, it will be traded for services like medical care...
Hiberniason 2 years ago
I think that you have to diversify into a number of different assets to barter with. There is only so much that you can store in food and essentials, and this type of asset isn't likely to useful for things like medical care, fuel, or taxes. A percentage of precious metals needs to be in small sizes, and silver would be preferrable for everyday trading. If you have a lot of savings, gold is practical because it is very portable.
kswatcher 2 years ago 2
You might want to think about non-electric tools. Things like an alcohol distiller, hand crank sewing machine, wood burning stoves, Amish garden tiller, etc.
kswatcher 2 years ago
Gold needs to be regulated then under a new World Government to stop this!!!
brovic777 2 years ago
gold $5000 an oz. = a world = mad max
keitheeds 2 years ago
i think gold is a good invetment for now but i think we should all ask ourselves how is value trully measured ? i think value is measured by the demand or need for something at a specific period of time and if i am right that means even gold can be close to worthless in a time when currencies crash and there are food scarcities
tantrumzthedon 2 years ago
I think Gold is a good to own, but I am hoping it doesn't go up. I think of it as a form of insurance, but you also have to be realistic if it goes up. I think these videos give a good dose of reality to some of the gold bugs. I am not wishing for gold $5000!
dijidad 2 years ago
Great vids Harry keep them coming. Gold and Silver should not be used as a first option for barter or trade. People should not openly advertise that they own the metals. Buying Gold and Silver should be seen as a store of wealth that you can pass on to your kids and grand kids not to trade for cans of beans. Chances are if you have money to buy gold then you probably have other things in your home to use for bartering
HiredGunz98 2 years ago
I find it amusing that most if not all the naysayers to this video series aren't actually answering the questions. For instance, @ 5:23, Harry asks a very logical question, yet I didn't see anyone actually attempt to answer it. I see fools asking why they wasted their time watching the video. That's a good question, why did you? It obviously wasn't because you had anything intelligent to add!
BlacksAreBeautiful 2 years ago
Gold will always be traded and it will not be used by the masses, historically it is the asset of Kings and was used to settle accounts. Even in times of old people found it more convienient to use Gold certificates given by the goldsmiths holding the gold for safekeeping. Can you imagine settling a realestate transaction in silver? How many people would pay a Realtor a 6% commission on 300k sale, imagine paying 1000oz of physical silver to sell?
jonah70757 2 years ago
Being separated from physical people lose site of true value. Paper should reflect physical otherwise how does one determine value and that they are not getting ripped off. When I buy something or pay for a service I think of it in terms of silver and gold and that is a great measure to determine the value of what I am receiving for my paper dollars. The average Joe does not understand value thats why they get ripped off. I know becuase I got ripped off for yearsbefore I got into Gold!
jonah70757 2 years ago
i can ALWAYS count on you to hit key points (and weakness' in others arguments). You seem to see though all this and really GET it. thanks for your comments..AND for calling people out when needed.
Cheers!
Harry
Growby10 2 years ago
I've watched through this video series and frankly there is absolutely nothing convincing here. You are desperately trying to play down gold from every angle and I'm left to wonder why.
If gold goes to 5k$ that doesn't mean that it's "out of whack", it simply means that the dollar is becoming more worthless. When a loaf of bread will be 50$+, 5k$ or even 50k$ means nothing.
If it gets so bad that only food and ammo goes you might have a point. Otherwise no.
slipcurve 2 years ago
Looks like you been programmed by the school system... What college did u go to.. You wasted your money lol mr sheep lol
charlesfuchs 2 years ago
@He101a, well you haven't studied The Battle of Stalingrad WW2. The first thing you have to satisfy is your need for food, then once you got enough food you will loot whatever valuable you can. Gold is useless to you if you die of thirst or starvation.
valhala56 2 years ago 4
Gold is like any item of value you need to determine when its best to hold and when its best to sell and convert to something else. Right now it is the safest way to protect wealth. During the War you mention, the smart money, took their gold and left the country.
jonah70757 2 years ago
Did I really waste 20 minutes watching this clown? WTF are you making videos? You're arguments are so ridiculous, they're almost laughable. What does it matter what percentage of the population owns gold? It's been money for 5000 years and it will whether the dollar collapses or not. Back out retirement plans, and a similar percentage of people own stocks. Does that make stocks a less viable asset class? And what investment bank was ready to hire you for wealth management?
anujbahl 2 years ago
You're less sophisticated than my 2 year old. You obviously missed the move for the last 10 years and you'll likely miss the move for the next 10. I'm no goldbug and I appreciate rational arguments on gold depreciating like deflation. But this whole series was total garbage.
anujbahl 2 years ago
If out of 500 people, 25 people own gold, what makes you think the other 475 will see the value of what you're holding? If they don't, what good will it do you? You then are forced to trade with the other 24 people, but what if all they have is gold and nothing that you really need for trade? Then what?
BlacksAreBeautiful 2 years ago 2
There is always a buyer for Gold. You dont use stocks bonds , land or commodities to trade on a micro level, you convert your asset to what is needed as a medium exchange. Your argument is the same old argument people use when they say , you cant go to the grocery store with gold, and that is their entire reasoning as to how foolish it is to own it. Bravo Sierra!!
jonah70757 2 years ago
@jonah70757...I think the biggest disconnect in most opposing views here is, what type of scenario are we talking about? In a time when all chaos breaks out, then I'm worried about the guy at the grocery store accepting my gold for an exchange. If a guy has 10 bags of beans but no water, do you think he is seeking out the guy who has gold, or the guy with the well?
BlacksAreBeautiful 2 years ago 2
I agree totally with you there. Even in periods of non chaos the ones who control the productive assets control wealth production! The entire Fiat and debt based system is about creating paper to acquire producing physical assets of value, gold is merely a store of value and insurance.
jonah70757 2 years ago
In times of chaos and shortages and scarcity they survive, the poor fools with nothing are at their mercy and/or perish its that simple.
jonah70757 2 years ago
Absolutely correct it been money for longer than 5000 years! And always will be. Even when the NWO order gets their little digital cashless One World Bank and Financial system they will still be loaded up on Gold. If Gold is so worthless why all the hoarding of it by the elite? Why all the games, The Tungstem Bars,The shorting ofit on the comex to mangae the price and the big media campaign to discredit gold for years and years?
jonah70757 2 years ago
The Elite own the Gold in their mind it is for them not you! The Monetary system is is a control system
jonah70757 2 years ago 2
Jesus Christ foretold the day will come that nobody can work for money, because the money will be worthless.
That's why you should store some food.
You can avoid confiscation : HIDE your gold.
ewffaces7 2 years ago
I think you're assumption that trade and production will come to "a screeching halt" is flawed. Under a pure gold / silver standard, it will likely take the public 1-3 months to adapt to the new reality. You would rapidly see a system of weights and measures appearing. And also - you're assumption that people don't own any silver is incorrect. Look at peoples necklines the next time you walk down the street.
Lastly, once a pure gold / silver standard is mainstream; the economic crisis is over.
yogiudo 2 years ago
keep in mind we will still be a wealthy nation once we get out of this collapse. There will be stages of rebuilding that will fail, but that doesnt mean you cant increase your standard of living through a collapse if you can survive.
limitedplay 2 years ago
Paper money will eventually return to its true value of zero, so once again, gold seems like a good alternative.
It's a very weak argument to say people won't take gold as payment for things because it is too scarce. Did it convince you?
NeoConfucionist 2 years ago
This doesn't look like hyperinflation. It looks like an orderly devaluation.
thereallurker 2 years ago
@thereallurker well im on the fence between devaluation or ^^^^^^armagedon to be honest.
limitedplay 2 years ago
Develop relationships with your local coin shops or dealers. They typically have contacts that can buy larger quantities of gld/slv should you need to liquidate quickly.
seadog92023 2 years ago
Harry aka Monkeyby10,
I must truly confess I can't take all the credit for your nickname. One of the commentors make the statement that you are "proof Monkeys can type." And so I expanded on her views.....now get back in your cage!
seadog92023 2 years ago
Nothing personal, but it seems like you started this series not sure what you wanted to say.. you make some logical arguments, but never against a reasonable standard. People who own gold don't just own it in 1oz sizes or larger.. many, many of us hold grams and other small sizes. Plus, silver is for trade.. gold is for wealth storage.. IMO.
Eraser7622 2 years ago
Exactly! Thank you for making that salient point well. I mostly buy in 1/10 oz. when I buy gold these days.
veritasfiles 2 years ago 2
Buy smaller denominations of gld. 1/2 oz.,
1/5 oz., even 1/10 oz. 1 gram bars! Then if you need to liquidate, you can sell just what you need to.
Buy bags of slv dimes (pre 64)
If slv hits the stratosphere the dimes will be very kind.
seadog92023 2 years ago
Growby10, I don't believe gold will be literally traded as the dollar is now, but will instead be a backing for a future currency, at least a partial backing standard (not quite a full gold standard, but a partial one). When that happens, I believe those who are not holding gold will simply lose 1/2 to 2/3's of their wealth through an official dollar devaluation and possibly a trading of old dollars for a new ones. Those who hold the gold can THEN sell their gold.
bluecat1122 2 years ago
Bluecart-I think you're right. Gold back new currencies along with other commodities like oil, coal, agriculture, etc.
joel1923 2 years ago
I watched all 3 videos \0/ While you do make a few good point about gold in worst case scenario, it is not a reason NOT to hold any at all. That is where you failed. You need to think about if we don't get to the worst case scenario and the day after the worst case scenario is no more.
4rcane 2 years ago
OF course, those who hold gold definitely do not wish or want hyperinflation, because even those who hold gold will be crushed. Its just a piece of metal that only has value because others think theres value. In the worst case scenaro, only food/water have value. Gold could be worth $923894893284923842, but you won't be able to trade it for anything
4rcane 2 years ago
I'm also waiting for the advice on where you could put your wealth. Obviously you would start with food/water, but then what?
4rcane 2 years ago
4rcane-I would recommend u buy land in the countryside,perhaps farmland. Buy guns and ammo. Buy an extensive first aid kit, antibiotics, extra clothing, several pairs of shoes(boots, leather shoes,etc),. Buy land in a foreign country?(if u can afford that.) and precious metals. Perhpas a small camping trailer to live in if u have to become mobile...
joel1923 2 years ago
Comment removed
4rcane 2 years ago
You're obviously working for the government in order to suppress precious metal prices so china can have its loans repaid and India can continue to produce jewelry in a cost effective manor.
airdreamlove 2 years ago
A hungry person would probably rather trade a roll of toilet paper for a cup of rice rather than for a round of silver. So I'll do both, stock up on useful commodities as well as hold some precious metals.
1984IcameandIstayed 2 years ago
And good like to the government finding the lion's share of it in my home. It's not there. I also keep copper, and good luck finding that as well. I think you're addressing an overly simplistic view. No one is expecting either Gold or Silver alone to solve any problem. It's part of an overall interconnected system of insurance policies that will see you through several years of difficult times. Do you get what I'm saying? I know almost no one who is looking at it like you think they are.
veritasfiles 2 years ago 2
What makes you think the government can or will confiscate my Gold & Silver? What do they have to know to do that? Well, they first have to know I have precious metals. I do have strategic plans in place and some metals I'm willing to give up. But my Gold & Silver, even junk silver, has never been bought on-line or with anything other than cash. Good luck to the government finding out that I've purchased any metals, what kinds, and how much. CONT'D
veritasfiles 2 years ago
do u pay taxes? sales, gas, home, anything tax?
anything of value..they will get. that's not even in a mad-max scenario.
simplistic view? have u read the comments. u'd think Jesus was in everyone of those gold and silver coins!
Growby10 2 years ago
Yeah, they'll collect taxes if a government still exists. Your point is what? You're saying that because people will have to pay taxes that having varied items of value, including precious metals, is pointless or somehow a bad idea? This is silly Harry. Come on......give me something real. No, Jesus was never in any coin. He's in Heaven at the right hand of God. What does Jesus have to do with this topic? I don't see any one thing as salvation. I simply see a varied strategy as prudent.
veritasfiles 2 years ago
I suspect that this government is getting very close to the end of it's ability to get "everything we've got". When people see that it has nothing to offer but lies and corruption we will see an "unofficial" economy that will dwarf that seen during Russia's collapse. When people refuse to participate, governments fall.
frgtmygld 2 years ago
only 25% of the people handed their metals in during the last confiscation.
stellaconcepts 2 years ago
If your point is that goldbugs should be hoping for a slow paced $ devaluation I think you would find few who disagree with that. A slow grinding stagflation would offer the most opportunity for those who got into metals early.
Very few goldbugs are hoping for armageddon. Many countries have gone through a currency collapse. I suspect that the rhetoric you hear that sounds like a desire for a collapse is really based in a desire to see this corrupt system fail and replaced w/ true free markets.
frgtmygld 2 years ago
@frgtmygld But it won't be replaced by free markets. The international liberals will blame the collapse on free markets, and you'll see us transition into an international governance structure that places the world under some type of common currency with much greater governmental and international control and regulation of the private sector.
veritasfiles 2 years ago
veritas,
judging from the way things appear today I would have to agree with you. That is my worst nightmare, one I try to avoid thinking about too much.
I can only hope that hard times will bring about enough enlightenment to create a desire for a return to constitutional government and a newfound respect for the concept of FREEDOM.
If it doesn't, I guess we'll get what "we" deserve.
frgtmygld 2 years ago
We think alike. I certainly hope for the best, but I'm preparing for the worst. And if I'm realistic, then I think things will slide toward tyranny rather than freedom. Remember, the American experiment and liberty was only ours, "if we can keep it". It seems increasingly clear that we can't, but certainly I'm not looking forward to living in that world. Having said that, I'd be less than prudent if I didn't prepare for it in full. Glad we're on the same page.
veritasfiles 2 years ago
@veritasfiles hey listen to Beck, this is it hope and change we are in change phase lol.
Obama told people who listened what he was about. He said judge him by the people he surrounds himself with SOROS!!!!!!!!!!!!!!!!!!!!!!!!!!!!
limitedplay 2 years ago
You won't get any argument out of me. He represents the destruction of this nation. The prudent American will do all they can during these years of plenty, which they are when compared to where we'll be in 5 years, to prepare themselves to be self-reliant in the coming years.
veritasfiles 2 years ago
Soros is a luciferian. Obama is openly admitting that he gives more credits to islam than the God of America, the One who blessed Israel.
This is judgement before judgement day.
Prepare.
Seek wisdom in the Lord.
Humble yourself.
Try to read the bible as a hotline communication tool between you and your Creator. Avoid the unholy quran, they unholy doctrines of gurus like the plague.
ewffaces7 2 years ago
Who I trade with and what I trade them for will depend on the circumstance. But the wise individual will have a varied stock of goods from which to draw. And the wise person will not be in this by himself and will not have everything he owns in one location. I certainly have other people in my network and I don't have everything in my house. But if and when a standard currency is established by someone other than the government, I'm prepared. Are you? CONT'D
veritasfiles 2 years ago
But the point is that it's not as if Gold & Silver represent the only basket in which we have to place our eggs. If you're smart, you're purchasing all sorts of items that are likely to have value in a collapse environment. Do you have quality tools? Do you have extras? Do you have portable solar panels? Do you have an ammunition stock of various kinds of ammo? Do you have guns? Do you have knives? Do you have OTC meds and Pharmaceuticals? This is what I'm talking about. CONT'D
veritasfiles 2 years ago
I agree great info friend
integritylens 2 years ago
in your local market. But do I think that Gold and Silver will be any kind of standard currency? No, not necessarily. That is entirely dependent upon what happens. If we have a worst case scenario happen and the collapse lasts for a long time, some kind of currency system will evolve. It may include a variety of commodities like food, ammunition, alcohol, medical supplies, hunting/survival knives, and/or yes...precious metals. We really won't know that until we get there. CONT'D
veritasfiles 2 years ago
environment. Like I've said probably 100 times by now, this is an insurance policy for me and one that provides me with additional flexibility. Unless we go into a Zimbabwe or Mad Max type of collapse, Gold & Silver will always be useful investments. Even if it comes down to trading it in pawn shops for whatever is serving as the local currency, it will still be useful. Gold, more often then not, will only be used for larger purchases, unless you're only getting 10% or 20% of its worth CONT'D
veritasfiles 2 years ago
Harry, the problem with this series of videos is that your approach is simplistic. Who are you talking to? Are you just talking to the market timer who's trying to make money on Gold and thinks he'll be able to buy the world in a collapse environment? If so, then I estimate that 90% of your audience is probably blowing you off right about now. Speaking for myself, I don't think and have never thought that precious metals investment was a silver bullet, no pun intended, in a collapse CONT'D
veritasfiles 2 years ago
Good info- We need to look at all variables in any situation.We would be fool's not too.I have been thinking on the same lines you have.Thanks for your vids.
meikagirl 2 years ago
wow. thanks for your support for open and honest debate! too bad you seem to be in the minority here =)
Growby10 2 years ago
Metals will most likely serve as a store of wealth during a time when very few assets are maintaining their value. Metals will act as a bridge to the next asset class that shows growth potential. Those who were flexible enough to move into metals will probably be flexible enough to jump into new opportunities when they present themselves. Confiscation? Maybe, but not if enough people move into the metals, and not if the country is starved for investment capital.
frgtmygld 2 years ago
gold won't be traded like this for goods the logical thing to do would be to use silver or trade gold for silver to by goods SILVER DOLLARS ARE A MUST
integritylens 2 years ago
I think your main problem is you think too much. dont think so hard about what happens in hyper-inflationary times - simply study what has happened in the past.
History is rife with examples - and in every example - gold and silver are the ONLY money that holds up.
Bartering is anther form of exchange but relies on the hope that someone is willling to trade for what you have.
Plus u dont talk about silver for the smaller ticket purchases (the everyday stuff)
stellaconcepts 2 years ago
oh..this is series is longer than i wanted..but i didn't want to spoon feed sound bites. i know u may not like to hear this ..but i'm still not finish and will be covering some of the points u mentioned.
but...where does my logic breakdown? u don't think there will be any issue w/...as you said...only 1 in 100 people owning gold?
Growby10 2 years ago
show me one example, throughout history, where it has been problematic holding gold (or silver) in hyper inflationary times.
If you can do that - then I will do a video response to this saying you have a damn good point.
If you cannot - than the entire premise of this video is misguided would you believe? I mean - history is our teacher as you say - so where in history does your video tell us similar?
stellaconcepts 2 years ago
you lost my friend.
Growby10 2 years ago
what did i lose?
if you can provide a good historic case study for what you're saying here - then i will acknowledge what you are saying and your vids in my next video.
stellaconcepts 2 years ago
you're 'challenge' is also flawed in many levels..but i can provide you with some very compelling info...but all of which can be seen as meaning less b/c like i said. the great majority of the jokers here are losers....one way or another they inability to seperate their animalistic instincts...greed and ego..will spell doom for them in the end.
Growby10 2 years ago
@Growby10 - Then demonstrate such. Simply responding to a simplistic strategy that is not one I'm seeing virtually anyone employ isn't going to get you there.
veritasfiles 2 years ago
I wish you would do a video response, because I think he's off the mark. It's not that he doesn't have a point, as there probably is someone out there who is only buying Gold and trusting in it to solve all of their problems, but I'm not doing that & don't know anyone else who is.
veritasfiles 2 years ago
Great point would have loved to see a stella Sylvester moore meetup video he was down under(Melbourne) this past week said Australia is not showing to many signs of economic slowdown he's thinking about relocating what ya think stella?
integritylens 2 years ago
so its better if we hold no precious metals?
LOL Gold will be a capital asset we will need later to rebuild. Silver is for trade. gold is effective store of wealth.
you are so far off. do you think about this very much? After we fall ,much of the country will be on its own.
1mealperday 2 years ago
where will government be?
who will protect you?
it's is not like when you were a kid.
Growby10 2 years ago
@Growby10 - I don't know. It may be present, it may not be. Maybe it will be overwhelmed. I have multipe firearms, and I have multiple people within my group. So I will protect myself and have others protecting me. I don't think you should be naive and think that you're going to be able to walk around alone with gold, silver,or much of anything else just sitting in your pocket. Right now, I have a supply of everything from SAP gloves, to brass knuckles, to knives, to guns. You?
veritasfiles 2 years ago
Drugs legal and non legal are going to be worth their weight in gold when shit hits the fan.People need their medications.
catdog262 2 years ago