If this is all true, please send me all your silver. If the shit hits the fan, would you rather have silver to trade or no silver. If the gov. would fall, what its our paper going to be worth. You will use $20.00 bills as note pads or T.P..
This will depend on the location and circumstance. I can certainly imagine, in some localities, where any silver or gold wil be able to be used to pay for goods, but you're right, this is not true of paying bills to a distant power company. There will have to be a way to liquidate the silver or gold into some common form of currency. Either that, or things will be so broken down or fractured, that things like paying bills and having regular electrical power will change drastically.
I'll trade you gas for some silver. You are wrong...
if they did not ship silver and gold via ships, then why the hell where there pirates??? and why would they have gold and other thresure??? huh? think about it... Your second guessing yourself, so sell me your silver please!!!! I'll buy 25$ an ounce.
Of course a representation of money is needed. Money is gold and silver and it's represented by a currency that we call dollars. It's when the representation of money becomes fraudulent that people go back to the genuine form of money.
I've noticed that coins in ounce values, one ounce 1/10th ounce, of silver are already being minted and although they carry a hefty mint cost this would be reduced with time and volume.
It seems to me that commodity prices are stable relative to each other, its actually currencies that are now being traded as though they are commodities which means they are volatile depending on demand. Without oil shoring up the dollar I really think it would fail. How can a debt monetary system ever last?
In England under the old currency system we had silver coins, threepence, sixpence, shilling (12), florin (24), half crown (30) and crown (60) and 240 pennies was equal to a pound or one gold sovereign. A threepence weighed 1.4g and was Sterling Silver (pre-1920) and the coins weights were in line with the face value. I see no reason why this could not be used as currency again for day to day purchases and have an electronic system that required siver/gold deposits at your bank.
Hey SF, What do you think the chances of SDR's replacing the dollar as currency and remaining unbacked by real money? [As opposed to going to a silver or gold backed currency?]
dude you dont barter metals over the counter you need to find bullion shops and open an account with them its the year 2010 and so on the roman days were long ago when you have an acount you can exchange your silver or gold for paper money that has been over inflated yet you still have more money and thus the purchasing power than those who have not invested in silver or gold btww your cat is huge !
I think the helicopter in the movie trailer is dropping propaganda leaflets rather than currency, there doesn't seem to be any specific indication that they are dropping currency, it's fairly common to drop leaflets in war zones, to tell the civilian population to get out of the area before military action starts etc...
And I want to let you know that hyperinflation does not happen through the banks expanding loans excessively nor through the govt. spending excessively, those things are the causes of natural inflation that we have been experiencing over the decades but hyperinflation which is what Zimbabwe experienced is something different and it is caused by a lack of trust in the banking system and people choosing to keep their savings by hoarding it themselves instead of in the bank or someone elses hands.
Sure the electronic banking system is convenient for transactions but if you knew people who were putting their savings in the bank and the banks were freezing their accounts not allowing those people to access the money they put in their accounts, would you keep your money in the banking system? No you wouldn't, you'd take it out and keep it with you but since the ratio of physical money to electronic is only 1/1 million or something, you'll have to find other ways to hold your money physically
To say bartering silver for gas will not happen is the same as saying hyperinflation(which is a loss of trust in the banking system, not the currency) will not happen. When people stop trusting the banks due to some depositors getting their accounts frozen, people will start to only accept physical payment from that nation no more electronic and since there isn't enough physical cash compared to electronic savings, people will be forced to accept things(i.e gold, silver, food, goods) in exchang
Something to think about. Still a good wealth store but could be that policy or other could cause the relationship to stay the same even if the dollar drops. I don't think they can do it but it will be funny if they do. they=Fed, gov, Treasury.
Only a few minutes ago I bought another 1 kilo silver bar and 10 rounds to add to my pension.
If silver goes down (or up, for that matter) in the near future i'll just buy more. I'm confident it'll pay off. It'll still be undervalued at $50 in real terms.
I sleep better these days knowing that my long term wealth is preserved.
What i AM worried about is the fake money in my bank accounts which I need to have at the moment to function in society.
Bullion can be held in an account and grams of it can be transferred digitally. It's easy enough to do and would remove the distortion of fiat manipulation. This is my first visit to your space, and it is my last. And, no I didn't learn anything other than any fool can make a video blog.
@ckpac Um that's not the same thing as transferring physical grams of bullion. If you're doing digital transfer, you are transferring digits not physical bullion. Sure you can say the banks can promise not to transfer more claims for bullion than they have of physical bullion in their vaults but that doesn't change the fact that it is digits being transferred not physical bullion.
I was reading comments after the Huffpo article on silver--- some people say that NW Mint is slow to ship. Anyone else have problems? I live 10 miles from it-- I go to pick up in person. I'm picking up for relatives who live in eastern Washington. Call me SilverSally
I have to say this is one of your best videos. Usually you give a bunch of news or history that I have no use for but this video touches on logic and common sense which I think allot of people fail to use and instead cling to cliches and sayings without thinking them through.
It does not matter how many dollars a oz of silver is worth, because when the dollar collapses it will be worthless but the oz of silver is still trade-able for goods because it has intrinsic value and is easy to transport . Of course you should keep a stash of dollars in case you need to go to the toilet.
Thanks for another interesting video, silverfuturist. You have made me think about the true nature of a reserve currency. In case you're interested, I came up with this tentative definition:
I learned something, but im not sure what yet! My Processing power is a little slower than normal... corolation between gold and other things does fluctuate, but not to the extent that you could "get caught with your britches down!" Currency can be worthless when you wake up tomorrow! Ill have to watch this video again maybe even three or four times! Dumb it down more for me please!
Good video and info. However I do still think that gold doesn't fluctuate. It is the paper currencies that fluctuate. Once we go back to a gold standard the price in dollars will be set at a certain level and allowed to fluctuate plus or minus a few hundred dollars an ounce from whatever that level is.
Good points, but never say never. we could get to a point where we are living in the stone ages for a year or two especially if a big x flare hits the earth. sure there will supply chain problems but there are still our street and communities to barter/trade with.
The dollar has no anchor of support like it did when it was connected to the PM's; therefore, the unhinged dollar has its own characteristics and is valuable only as long as Central Banks want it to be. The more dollars, digital and paper, that are produced, the less worth it will become. We have seen the amount of currency go from 800B to over 2 Trillion in 34 months... get ready!
Sil. It sounds like you are losing faith in silver's future. These last few videos of yours have been a bit bearish sounding. Are you second guessing ? Mike Maloney , Celente etc ?
Joe, vendors in Michigan have already been doing this. In most cases, the businesses would rather barter than have the dollar. We're talking gas stations, servies, DOCTORS, etc...
@DivinityInside precisely what I intend to do. A manager / owner has every power to decide what's cash in his/her store and if paper's looking bad enough no one wants it, the deal will be an easy one.
Do you really think currencies cannot be replaced? What do you think of e-dinar? Someone could start something similar and make gold/silver bullion (or anything of tangible value) as a deposit -but it would work more like a bank where you could get a debit/credit card, digital transfer (with some fair X-rates), etc. It'd work exactly the way it is now. I think it's a totally workable concept. The questn is if your governments would allow it. See Kelantan Malaysia
Do you really think currencies cannot be replaced? What do you think of e-dinar? Someone could start something similar and make gold/silver bullion (or anything of tangible value) as a deposit -but it would work more like a bank where you could get a debit/credit card, digital transfer (with some fair exchange rates), etc. That way, you could pay Ebay, etc exactly the way it is now. I think it's a totally workable concept. The question is if your governments would allow it. See Kelantan Malaysia
Towards the end of your video you mention the coloration of gold to -currency-, what would happen to the price of gold if the ...lets say the US dollar fails, and a new currency is issued, would the price of gold and silver not plummet losing it's intrinsic value, furthermore how would you 'make a market' for PM's once a new or revalued currency is issued?
@SOLIDSTEELEDOTCOM I doubt the price of gold in the old currency converted to the new currency would reflect any diminished value, ever. It never has before. The nature of gold is to be properly priced against other physical assets. Currencies have no choice but to fit the math decided by those transactions and comparisons. Gold's intrinsic values are all from physics, not from faith.
@ytgv3fc7 the idea of gold as a flight to safety trade defeats your argument, if I can buy, lets say a laptop for 1250 today, and in a new currency valued by a new unappreciated debt instrument is offered tomorrow with twice the purchasing power I might be able to buy two laptops that would drop gold in this case to 625. why would a new currency, or better yet how would a new currency succeed valued at the dead currency price
the IMF will not allow newly introduced silver or gold backed instruments, because they will not be able to inflate their way out of debt obligations like what they are doing now
@SOLIDSTEELEDOTCOM no, my argument is multiplied in my favor, you totally misunderstand. New currencies are never offered with additional purchasing power, they are forced upon people with reduced purchasing power, or there wouldn't BE a new currency, people would stick with the original. It's a mind-game for idiots.
Gold retains its relative value to other objects during such times of lies and absurdity. If a laptop cost you 80 hours of work in the old currency it will be 120 hours next one
isn't there a goldmoney corporation now that allows gold in allocated accounts to be invested in and divested of, transacting with your other bank accounts, making a gold ATM? I don't know if they do this with silver but supposedly it can be done at all times.
If I want local food I sure can use gold and silver. If I want light-weight electronic format so no one can just steal gold in hand, or so I can move it faster than metals can move, then electronic is the way.
@ytgv3fc7 I wonder why people seem to be more worried about people stealing their gold/silver than they are of the banks freezing their accounts when throughout history there is greater number of bank accounts being frozen/banks collapsing than there is of people's private gold/silver being stolen. There is a greater chance of you loosing access to your savings by letting someone else hold it(i.e a bank) than you holding it yourself(hoarding gold/silver).
@Numonic7 I don't know, I see banks stealing money with fraudulent billing-timing for those who have loans and can't just walk away for their bills/chequing, and I see fees charged for stupid things that need no fee, and on and on. It's all theft, but if I have one piece of gold in a special container, it'll take a finger off if you try to steal it and it's not even obvious where it is. Much better savings account.
@Numonic7 so gold is not holding its value against an old suit, rotten food or a rusted car, it's holding its value against BRAND NEW top quality products that do suffer from entropy, even though gold itself is NOT suffering from such entropy. That's physics for you.
To expand on the 2nd point you made and this is something I kind of got in to an argument with davinci about before he banned me. People are in error when they use the example of gold holding it's value against a nice suit or when they say gold held it's value against everything to describe gold as a good store of wealth. If gold held it's value against anything or everything then that would make anything or everything also a good store of wealth. You see the conundrum.
@Numonic7 there's no such conundrum - you are misunderstanding reality (but Davinci does as well, which is why I don't often comment on his videos anymore). A suit, ready made new, does hold value at that time vs the gold you can produce which is also as good as new because it doesn't rust, evaporate or easily chip, fall apart. So to compare value forever as money, you'd need a suit which can't biodegrade, but they all do, compared to gold's physical endurance.
It is an absolute correlation because gold is priced in dollars. Thus when gold goes up the dollar is losing value agents gold but gaining value agents homes.
@davincij15 okay but what silverfuturist was trying to say is that gold going up does not mean that the dollar is going down against everything else. There are some people that believe that gold going up means the dollar is loosing value against everything but that's not the case. Gold can go up in dollars while the value of dollars goes up against silver or another currency or anything else and if the dollar is going up against more things than gold is then the dollar appreciating more thanAu
@Numonic7 actually yes it does mean the dollar is losing value against everything else, because those other things aren't being made in suddenly different rates and qualities than before, no more than gold. Only one of those things is made in much different quality and quantity: dollars. It's called quantitative easing, printing of money, debasing of currency. It's the actual event. The rest is a reflection of the event.
@ytgv3fc7 What are you talking about, of course things are made at different rates. You think the supply and demand for things stays the same for everything except the currency? That is NOT true and ridiculous to think so and that is why it is possible for the price of gold to go up while the price of silver goes down AT THE EXACT SAME TIME and this can be applied to anything. Silverfuturist even gave an example of how the value of wheat fluctuated against the value of gold.
@Numonic7 what are YOU talking about? Gold is a produced, refined good - it is purified, melted, ground out from ore, chemically extracted, so it is as much a manufactured good as any other. You won't see a massive distortion up or down of it vs other goods people need as much (long-term durable item of high value). Some very bizarre, 3 times in a century type changes will massively change an entire economy to highly bias one category of goods over another, as life's needs seldom change
@ytgv3fc7 Man all he was trying to say is that everything including gold and currencies have different supply/demand ratios which determine their value against other things and currencies. The value of one thing does not remain the same because the supply/demand of that thing or of other things are constantly changing. Even if the supply and demand for gold stayed the same for a century, the supply and demand for other things don't and this effects the value of gold compared to those things.
@Numonic7 and what I'm saying is the fluctuation of those assets relative to each other is barely visible compared to monetary fluctuations from the fraudulent money-printing empire called central banking. Gold is the most reliable money there is BECAUSE of this.
@ytgv3fc7 I hear what you are saying but I don't know how true that is. I'm at pricedingold . com and there are charts with fluctuations, price drops and all. Granted currencies priced in gold have done nothing but dropped for the most part, other things haven't exactly remained steady priced in gold. Even if you took the averages of each thing priced in gold, i doubt you'd get the same averages ratios. In conclusion the price moves of gold over the years do not mirror that of other things.
@Numonic7 in conclusion I'd say the production-levels of gold reflect production-levels, in cost and in profit, of other non-food items, and directly reflect (after-effect) rises in energy cost (inflation input) as energy is required for mining, manufacturing, transport.
@ytgv3fc7 While I agree that the cost of production does reflect the cost of energy I do not agree that the cost to produce gold reflects the cost to produce other non food items. It is a fact as far as I know that it cost less to produce copper than it does to produce gold. The cost to produce each thing varies as the supply of each thing in the earth is a different amount. The more abundant the amount, the less it costs to produce. So again the price moves of gold don't mirror that of othe
@Numonic7 they scale proportionately. Many non-food items will be involved in the equipment that's part of the cost of gold extraction so they have to move together. The chemistry and innovations, electronics and innovations, are tied together. Demand certainly will be the off factor, as people are more likely to want cars when the economy is strong, gold when it's weak + currencies are weak, that sort of thing, but the fluctuation is not very big.
@Numonic7 when it comes to copper vs gold vs platinum etc the cost is as much in the finding, comparing to each other, because some are much deeper in the ground than others, so it's not just a question of what's "common" but how hard it is to get at it. Diamond are hard to get at naturally yet they are actually very common. The cost to produce is not at all affected by the abundance, but the market SALE price can very much be.
@ytgv3fc7 Although many non-food items will be involved in the equipment that's part of the cost of gold extraction, gold extraction isn't the only thing those non-food items are used for. So gold extraction is not the sole demander of those non-food items which means other factors have an effect on the movement of those non-food items. Saying gold extraction uses those non-food items and therefore moves together is like saying I who eat apples is the only one moving the price of apples. Wrong
@Numonic7 I'm not sure how you missed the point. The non-food items are used very much equally in demand with gold-extraction as with other machines. Hydraulics, tires, circuit-boards, power-trains, durable metal alloys, building roads ... so as I said, they move together, with minor fluctuations.
@ytgv3fc7 First of all it is not true that the non-food items are used very much equally in demand with gold-extraction because if they were then the value of the non-food items and gold would move the same but as I've pointed out before from the graphs on pricedingold . com we see that they are not moving together and even if they were moving together that does not mean that the gold extraction is the thing driving demand for non-food items. It would be a correlation not a causation of gold.
If we were forced to do hand to hand transfer for every transaction(which means even snail mail is not going on because even that is a form of derivative transfer as you are trusting the mailing company to transfer your goods instead of stealing them) but if we had to barter, the inconvenience of trade would lead to an explosion of production because people would need things more close to where they live instead of having to travel far to trade hand to hand with others far away. Just a thought.
@Numonic7 So maybe the only reason we see bartering as inconvenient is because the world doesn't produce enough goods and nations have to go far to get things. Had the world produced more and we didn't have to travel so far to get what we wanted, bartering wouldn't be such a burden. I think if we gave bartering a chance, it might work itself out to be convenient and we already know it holds the aspect of safety as you are in control of your money not someone else(i.e. banks).
@Numonic7 snail mail can be backed with insurance, insurance companies will keep thefts and frauds low so they can make more profit and keep in business. They'll enforce it using their funds and influence. If we had to barter the convenience, not inconvenience of trade, would mean we'd re-organize our cities back to the shape they belong in, with potential mass transit, not stupid car-transit everywhere. Bikes with serious wagons. It would promote survival.
Watched the trailer and I saw no money dropping from the sky. Also, are you saying that silver is useless for barter? I agree that it's not useful for paying bills in any kind of direct sense, but it almost sounds like you're arguing that it's useless, at least in the sense that it provides you no independence from whatever representation or currency that wealth is transacted in. So I don't get it....I need a little more clarity.
@veritasfiles drutter has already documented paying his rent in silver.
That's fairly direct.
What silver doesn't do is store light-weight for carrying, and gold/silver don't allow me instant pay in / pay out like electronic cash does, so there are inconveniences. I trade off the weight / speed for the risk the bank keeps MY money against my will, and vice-versa.
@ytgv3fc7 I suspect that the times and places where such a direction transaction will work are somewhat limited, and the increasing need of the government to tax and determine the source of all income will make transacting or transferring wealth from one store of value to another quite dangerous in the coming years. If the government finds that you have a large stock of gold and/or silver, then you can expect an eventual attempt to confiscate it or otherwise tax & regulate it heavily.
@veritasfiles no more dangerous than normal under-the-table jobs and black-market trading, which as I have seen, is not very dangerous at all.
If anyone in government tries to take my gold they will soon find poison armor-piercing darts through their necks and they will die screaming. I know precisely how to make computer-controlled booby-traps and spring-powered clock-work is a mechanical computer.
@ytgv3fc7 No offense, but if you think in a world of collapse and shrinking revenues, that under-the-table pay and black-market trading isn't going to be exceedingly more dangerous than it is today, then I'm not sure you understand what's happening. With regard to your poison armor-piercing darts, every guy with a gun says that, but in truth 99% of them will be wetting their panties when a tactical teams busts through their door. Good luck. I expect to flee or die when it comes to that.
@veritasfiles My life experience has shown me all the danger there is. Some people will try to rob & kill you for what you have, so you ensure you are armed and ensure all parties bring all the goods for trade, or you back out with weapons ready.
Is what it's always been.
Unlike your 'tactical team' plan my booby-traps work with no humans present other than targets. I will make sure one bait target looks like it might be me so it draws in the real targets. I won't be there. I'm much smarter.
@ytgv3fc7 Yeah, you're hopelessly superior to the rest of us. Have fun getting yourself killed. If you're as smart as you claim, then you sure shouldn't be on YouTube. You should be answering prayers for someone somewhere.
Just teach everyone else how to make the same booby-traps. More than happy to do so.
Being on youtube, using various mass-sharing via internet, is the fastest way to innoculate the population against the coming disease.
For example, hypodermic needles are not very nice. They're much less nice if a) barbed and b) rigged so when you pull the dart out it injects from pulling rather than pushing force. a) simple mechanics can do this or b)CO2 expansion
@ytgv3fc7 The point you're missing is that you'll ultimately lose the engagement. If you have a grasp on the reality of our situation, you realize that by and large, you are alone. The overwhelming vast majority of the masses are and will be forever hooked to the system. In that sense, your body of allies is extremely limited. The police, the government, and it's various agents will not lose...they can't afford to. You can booby-trap & die or you can survive. The choice is yours'.
@veritasfiles No, the point you're missing is I can't lose the engagement because I won't be there.
Are you not reading? Booby-trap = kills/attacks when I am not there.
Is this not sinking in? There will NOT BE AN ENGAGEMENT. That's how it works.
Your very notion I'm in more danger by doing this is absurd and nonsensical.
I need NO ALLIES. I know how to spot threats many weeks and miles in advance. Alone. The police will lose, they have to. They are over-exposed and under-trained.
@veritasfiles I understand your bias, being a police officer, but it is how things will go down. The police will be out-gunned, out-smarted and led into traps if they turn on the people. Certainly if they turn on me they will die.
That's how it goes. I know how everything is made and how it can be unmade, quickly, that police use.
I've already tested my pattern-recognition many times to route around and locate police cars at any time of day. I'm very good at it. I mean knowing before THEY know.
@ytgv3fc7 Not a bias......just reality. You're not the only one in the world who's tried to take on law-enforcement, and I'm unaware of anyone who ULTIMATELY won.
@veritasfiles those who ultimately win are smarter and better armed. Thermite grenades will melt through all police armor and ensuring police go for the typical easy target approaches using bait, they will be open. Thankfully I doubt I'll need to worry about it. I'm not a personal target, so if looting did ensue it would be after weeks or months of obvious signs and I'd be gone before then. Also our G20 has shown it clearly: police are scared to try this shit outside a major secured urban center
@veritasfiles so far that I can see police are unwilling or unable to re-scramble their habits of motion, nor can they re-shape the patterns of a city's flow of criminals or total moving traffic, thereby creating a time+location pattern-map so I can precisely pick out all cars, routes, day to day, without any help from anyone else. So long as I can do this there is no surprising me, and I can not , will not, lose any "engagement". I do not get surprised by police. Ever.
@ytgv3fc7 If you're not there, then the police will not likely be there either. You're free to do what you like, but if you are personally engaged by the police rather than merely your booby-traps, then yes.........ultimately you will lose. The arrogance with which you speak makes this all the more true. If you don't see it, that's fine. I wish you will but I have little to no reason to believe that's how it will turn out for you.
@veritasfiles sadly, you speak too highly of police. Police tend not to be that bright in tracking. They use old information and too many assumptions. I'm not saying it can't happen, I'm saying I see the continual failure to do that level of work, to use that level of perception. Good on you if you are above the rest, makes you better at your job. IF I am personally engaged and can't diffuse a situation because they are Hunting to Kill, I will use grenades. I don't want to, but I will prevail.
@veritasfiles keeping in mind of course, before a social+economic situation changes so drastically that police are doing hunt+kill or hunt+loot, it will be a little more than obvious so I can get gone a lot faster than they expect to need to do such a thing, and I wouldn't be a personal target, lots of areas would be targets and I just need not to be in one of them. Looking homeless+poor is great cover, no loot value, a waste of time.
@veritasfiles this "arrogance" you speak of is tried & true experience. It's not just police, it's lots of people. I have done what I can to test and try to train people to be perceptive and to match patterns, to be able to do what I can. I'm not sure if there's some cognitive delay or re-organization of the mind required, I'm not sure if there's a belief it can't be done. But it can be. Organized groups become predictable to track and easy to avoid. Police included.
@veritasfiles "and ultimately won" -> not sure as police videos were erased but Curt Dajenais in Canada was accused of killing 2 police officers. They chased him down, they shot at him, 3 of them, and he had his truck, a rifle and no armor. Allegedly he shot 2 of them IN THE HEAD while under fire. I'm suspicious of the official story as that sounds ludicrous. But that's the official police story. He's still alive, but in jail. Very much pissed all police cruiser tapes from 3 cars were wiped.
I think both forms of money(electronic and physical) both have their pros and cons. Electronic money while convenient to transfer is risky to keep as savings because a bank can freeze a depositors account not allowing the depositor access to all he/she's worked for and while holding physical silver in your own possession protects you from default, physical things are not as convenient for trade as wire. So I'm holding both forms because they both have pros and cons and balance each other out.
@Numonic7 because money/currency is not only for trading things at the moment, it's also for trading things at a future time. We don't just work for the money we need to buy things we need at the moment, we work to build a savings to have so that when we are too old and cripple to work we have something to trade. That means money has to have an aspect of safety and durability and keeping your money in your own hands(hoarding) is allot safer than keeping it in someone elses(i.e bank account)
There is more than enough Gold to back currency - just not at the current price.....it has to go way up......once it has been revalued - as the central banks keep printing - the Gold keeps going up.
The central banks hold Gold....it keeps going up.....people sell their gold and are out of the game........you can't buy into this game now because gold is too high......it is a once in a lifetime choice.....buy or sell.
@rayomans they certainly were. If large-scale corporations didn't exist, we still could switch back easily for all pay-roll. However, for the corruption and pressure that does exist, thankfully with electronic deposit and trading, you can now quickly move your wheelbarrow of dollars almost directly from pay to %-returning investment to bullion purchase, much faster than Weimar's physical wheelbarrows of cash.
There is no certainty in life except death so to say it "Will not happen" is to predict the future and not one person can do that. There could very well be a transaction in gold/silver...etc. The black gold/silver market maybe the new system of choice to pay for goods and services. Bartering of items, tools, food...etc will be a possibility. When the whole system comes crashing down, people will be weary of trusting the banks & governments so they will not trust the money system anymore.
I do not think that a precious metal backed currency would be 100%. It would be probably only 10% backed by a metal. This would allow them to continue to expand the supply of money as needed. There is not enough metal to be 100% backed. Thanks for the vids.
@hedge313 Metals can be revalued up. There's enough. Being able to expand the money supply on a whim is not good. It always ends up destroying the currency and bankrupting most. Whether printed by government or a Central bank, fiat money always fails. I don't trust it. I'm trying to convince others to believe the same.
@hedge313 there are always enough metals to back a currency, to be a currency. The only equation that matters is the # of money units vs the # goods to buy / trade with those units. Period. The number of people can never be involved: to do so is a false math. 10, 100, 180 billion people, the number is UNIMPORTANT. If there's 20 million oz silver and 30 million gold and x products in existence, that's it - prices will find their finite balance. Period.
Bartering silver could happen if things got very, very bad. You really don't know. If it's difficult to have a medium of exchange in a crisis, you'll need something, especially if there is hyperinflation. It may take years or decades for a currency to be backed by real money (gold, silver) like it once was.
@ggadguy I know this sounds radical but I think bartering could show it's face in really really good times. By good times I mean times of mass global production. The reason wire is more convenient than physical hand to hand transfer is because things we want are so far away but think about it, if everything you needed or wanted was only a 5 mile distance from where you lived, you wouldn't need wire transfers as much and you wouldn't mind handling transactions physically hand to hand.
Gold and Silver should be used as a retirement plan in my opinion, it's only going to increase in value and would be silly to cash in now, better to do it when you are no longer working in a job. I plan to run with this.
great points joe...the webbot talked about currency being counted in "calories" ...that is a frightening thought... but given what is looking like major food shortages coming may not be too far off the mark...
learned that i wish i had bought gold in 2000...lol
@skybirdbird The webbots have been crying wolf a lot for the last year and a half, I like the concept behind them but I wonder how effective they really are. Or maybe there is a counter web-bot out there, spiking the Internet with noise to throw them off lol
@silverfuturist people's rumors are enough to throw off web-bot. There's something called "Anemone" that does this in Maelstrom, a book by Peter Watts. Ironically Watts is now in prison in the USA snagged by border-patrol goons, which is a heavy feature of his Maelstrom story-line! I sent him cash to fight but in the end, American legal corruption is too powerful for this Canadian. Border guards are dirty nazis, lying thugs, vicious wife beaters.
Good points, but it doesn't have to be all-or-nothing. For example, If I own a gas station, and I know someone with silver, I might make a special arrangement with THAT customer for the exchange, and make an arrangement with someone else to exchange the silver for whatever they're trading. It would need skill at creative accounting so as not to arouse suspicions, but this kind of thing happens in Argentina currently, except substitute $US for silver in the example. (65% tax rate, mass inflation)
Emmmmm, maybe gold certificates. But I don't think we would ever see silver certificates. My goodness lol....they can't find but around 500,000,00oz at the most in any commodity warehouse hehe
@operator223 not so much. See, the USA may hold a lot of finished product but the real money is in the mining and refining of uranium. Guess who does that? Canada and Russia certainly do and of course Iran and South Africa have their own. America's a customer more than a producer.
Your making a very big assumption in this video..... you mentioned an "advanced civilised society" (That may be an interesting thing to see sometime)
I'm not arguing here. I'm just thinking that there would possibly be a place for physical metal trading. If you do your trading via a bank with paper - I don't care what you think it represents - we'll end up at the same place eventually.
The values of the precious metals surely has to do with frame of referance regarding the percived value of other commodities and also fiat currencies at that time.
If you compare gold and silver to the fiat currencies when economies are running well then they lose value in terms of fiat money due to their being less relevant as stores of wealth/value. As things are at the moment the currencies are looking risky and the frame of referance has therefore changed along with their percived values.
The thing you are clarifying is one of the things that keeps people confused because they don't distinguish between the real money and its 'representations'. I think that's why its so hard to understand credit, where the representations of money don't even have a physical form.
Do you always have a silver coin in your shirt pocket :-) . I also always carry at least once of silver everytime. Its a good way to kill bacteria on your hands :-)
@silverfuturist Hi Joe, as important as protecting one's purchasing power is I think it would be great if you could shed some light as to why fiat currencies are devaluing against real assets, i.e. government ineptitude or agenda to control populations. Not wanting to get all conspiritorial but as the anniversary of 9/11 is coming up I would advise anybody to type '911 Missing Links' into Google Video and see what they think. The broader picture dwarfs and will affect the metals price sideshow.
The main reason for devaluation of paper currencies is that there is much more paper laying claim to real assets, than there are actual assets to claim. Since paper is not an asset... just a promise to pay, there are huge trade imbalances.
@chocomalk Fair enough chocomalk but why are there more paper claims on real assets. Did that just happen organically or was it allowed to happen or made to happen? Who benefits by keping the masses in 'paper/pixel' wealth and who benefits if it should all 'accidentally' go tits up? Before 1920 10 pence (2 shillings) contained just under one fifth an ounce of silver so £4 in todays money. Now next year the UK is propsing getting rid of the copper in 10p piece so its just nickel plated steel!!!?
It was allowed to happen. It enables some to purchase real goods with nothing but paper promises that can be defaulted on. The sad part is that the ones liable for the payment are countries and their citizens(sovereign debt), but their assets have been purchased with paper...paper that accrues interest only payable with real assets...paper cannot pay back debt accrued on itself at this level, only assets, default or servitude can resolve this. Soon there will be more debt than dirt
@ford7777777 Hey that's strange here in Canada the new penny's aren't even copper anymore, they're zinc. There's also talk of removing the penny once and for all. So in other words everyday items will get expensive because now they'll just round off the price of items to the nearest nickel. Scumbag governments, they are all to blame for everything thats going wrong regardless of what continent anyone lives on!
@D33Lux actually soon all our coins are going to be layered plated steel, just colorized to be loonies, pennies, dimes and so on. Zinc is too valuable. I'm sure enough of us can keep pennies around to keep them going in deals, no way am I letting people round up prices on me.
@ytgv3fc7 Now that I think about it, the globalists plans are for every person in the world to have an RFID chip planted under their skin...a cashless society. In this manner the digital manipulation will take on an Orwellian level.
bartering silver for gas is happening now - mrsilverag com/623
Valhalla1 9 months ago
hey you cut your hair.
BatusaiJack 11 months ago
If this is all true, please send me all your silver. If the shit hits the fan, would you rather have silver to trade or no silver. If the gov. would fall, what its our paper going to be worth. You will use $20.00 bills as note pads or T.P..
567hook 1 year ago
and so does your cat......
pwchesser 1 year ago
Dude, get off the fuckin caffine... You need a sedative..
pwchesser 1 year ago
@TheTrueJVB Why bother trying to explain? Either you get it or you don't.
Alienself 1 year ago
Good video.
machinator1971 1 year ago
This will depend on the location and circumstance. I can certainly imagine, in some localities, where any silver or gold wil be able to be used to pay for goods, but you're right, this is not true of paying bills to a distant power company. There will have to be a way to liquidate the silver or gold into some common form of currency. Either that, or things will be so broken down or fractured, that things like paying bills and having regular electrical power will change drastically.
veritasfiles 1 year ago
price of wheat in 1920 2.50$ usd a bushel, price of wheat today, about 161$ usd a bushel
20$ dollars was backed by 1 ounce of gold. so 2.50 / 20 = 0.125
0.125 * 1345$ an ounce of gold today = 168.75$ usd is what 2.50$ was back then.
1 ounce of gold back than bought 8 bushels of wheat.
1 ounce now buys 8 bushels of wheat.
You should do your research before you prove yourself self wrong.
the word "Money" and "Silver" are the same thing in over a hundred national languages. They are the same.
TheTrueJBV3737 1 year ago 2
I'll trade you gas for some silver. You are wrong...
if they did not ship silver and gold via ships, then why the hell where there pirates??? and why would they have gold and other thresure??? huh? think about it... Your second guessing yourself, so sell me your silver please!!!! I'll buy 25$ an ounce.
TheTrueJBV3737 1 year ago
Of course a representation of money is needed. Money is gold and silver and it's represented by a currency that we call dollars. It's when the representation of money becomes fraudulent that people go back to the genuine form of money.
FinancialTraffic 1 year ago
Very good video . I agree as ive been watching the dollar and metals they dont always go opposite. Keep up the good work.
nwmetalbug 1 year ago
Looks like SDR's are out at this point and the IMF is focusing on Bancors as the new One World Currency.
Winterland68 1 year ago
I've noticed that coins in ounce values, one ounce 1/10th ounce, of silver are already being minted and although they carry a hefty mint cost this would be reduced with time and volume.
It seems to me that commodity prices are stable relative to each other, its actually currencies that are now being traded as though they are commodities which means they are volatile depending on demand. Without oil shoring up the dollar I really think it would fail. How can a debt monetary system ever last?
Fallstar6301 1 year ago
In England under the old currency system we had silver coins, threepence, sixpence, shilling (12), florin (24), half crown (30) and crown (60) and 240 pennies was equal to a pound or one gold sovereign. A threepence weighed 1.4g and was Sterling Silver (pre-1920) and the coins weights were in line with the face value. I see no reason why this could not be used as currency again for day to day purchases and have an electronic system that required siver/gold deposits at your bank.
Fallstar6301 1 year ago 2
Hey SF, What do you think the chances of SDR's replacing the dollar as currency and remaining unbacked by real money? [As opposed to going to a silver or gold backed currency?]
Winterland68 1 year ago
dude you dont barter metals over the counter you need to find bullion shops and open an account with them its the year 2010 and so on the roman days were long ago when you have an acount you can exchange your silver or gold for paper money that has been over inflated yet you still have more money and thus the purchasing power than those who have not invested in silver or gold btww your cat is huge !
rolficus 1 year ago
I think the helicopter in the movie trailer is dropping propaganda leaflets rather than currency, there doesn't seem to be any specific indication that they are dropping currency, it's fairly common to drop leaflets in war zones, to tell the civilian population to get out of the area before military action starts etc...
mlndstream 1 year ago
And I want to let you know that hyperinflation does not happen through the banks expanding loans excessively nor through the govt. spending excessively, those things are the causes of natural inflation that we have been experiencing over the decades but hyperinflation which is what Zimbabwe experienced is something different and it is caused by a lack of trust in the banking system and people choosing to keep their savings by hoarding it themselves instead of in the bank or someone elses hands.
Numonic7 1 year ago
Sure the electronic banking system is convenient for transactions but if you knew people who were putting their savings in the bank and the banks were freezing their accounts not allowing those people to access the money they put in their accounts, would you keep your money in the banking system? No you wouldn't, you'd take it out and keep it with you but since the ratio of physical money to electronic is only 1/1 million or something, you'll have to find other ways to hold your money physically
Numonic7 1 year ago
To say bartering silver for gas will not happen is the same as saying hyperinflation(which is a loss of trust in the banking system, not the currency) will not happen. When people stop trusting the banks due to some depositors getting their accounts frozen, people will start to only accept physical payment from that nation no more electronic and since there isn't enough physical cash compared to electronic savings, people will be forced to accept things(i.e gold, silver, food, goods) in exchang
Numonic7 1 year ago
In some countries they use the silver dirham as money
Choumi123 1 year ago
Something to think about. Still a good wealth store but could be that policy or other could cause the relationship to stay the same even if the dollar drops. I don't think they can do it but it will be funny if they do. they=Fed, gov, Treasury.
Bassmarko 1 year ago
Your videos keep getting better. And that's a cool looking barn/garage/workshop!
bearcat648 1 year ago
This has been flagged as spam show
never say never
1RoaringMonk 1 year ago
Only a few minutes ago I bought another 1 kilo silver bar and 10 rounds to add to my pension.
If silver goes down (or up, for that matter) in the near future i'll just buy more. I'm confident it'll pay off. It'll still be undervalued at $50 in real terms.
I sleep better these days knowing that my long term wealth is preserved.
What i AM worried about is the fake money in my bank accounts which I need to have at the moment to function in society.
We are in worrying (but very interesting) times.
MrWineDrinker 1 year ago
Dude, are you ADHD??
Bullion can be held in an account and grams of it can be transferred digitally. It's easy enough to do and would remove the distortion of fiat manipulation. This is my first visit to your space, and it is my last. And, no I didn't learn anything other than any fool can make a video blog.
ckpac 1 year ago
@ckpac Um that's not the same thing as transferring physical grams of bullion. If you're doing digital transfer, you are transferring digits not physical bullion. Sure you can say the banks can promise not to transfer more claims for bullion than they have of physical bullion in their vaults but that doesn't change the fact that it is digits being transferred not physical bullion.
Numonic7 1 year ago
I was reading comments after the Huffpo article on silver--- some people say that NW Mint is slow to ship. Anyone else have problems? I live 10 miles from it-- I go to pick up in person. I'm picking up for relatives who live in eastern Washington. Call me SilverSally
vivaloriflamme 1 year ago
I have to say this is one of your best videos. Usually you give a bunch of news or history that I have no use for but this video touches on logic and common sense which I think allot of people fail to use and instead cling to cliches and sayings without thinking them through.
Numonic7 1 year ago
It does not matter how many dollars a oz of silver is worth, because when the dollar collapses it will be worthless but the oz of silver is still trade-able for goods because it has intrinsic value and is easy to transport . Of course you should keep a stash of dollars in case you need to go to the toilet.
abitdodgie 1 year ago
Thanks for another interesting video, silverfuturist. You have made me think about the true nature of a reserve currency. In case you're interested, I came up with this tentative definition:
"The monetization of an empire's military power"
Eatmysilverbaby 1 year ago
I learned something, but im not sure what yet! My Processing power is a little slower than normal... corolation between gold and other things does fluctuate, but not to the extent that you could "get caught with your britches down!" Currency can be worthless when you wake up tomorrow! Ill have to watch this video again maybe even three or four times! Dumb it down more for me please!
kindacoiny 1 year ago
Good video and info. However I do still think that gold doesn't fluctuate. It is the paper currencies that fluctuate. Once we go back to a gold standard the price in dollars will be set at a certain level and allowed to fluctuate plus or minus a few hundred dollars an ounce from whatever that level is.
bigdad06 1 year ago
When the economy collapses the mail system won't be functioning, E bay will be gone too. Silver and gold will be money, no more fiat money.
mountaingoatrunning 1 year ago
Thank you sir for this video. Sometimes I think I drift too far towards mad max scenarios in my imagination. This helped bring me back on track :)
lilbromarky1 1 year ago
Good points, but never say never. we could get to a point where we are living in the stone ages for a year or two especially if a big x flare hits the earth. sure there will supply chain problems but there are still our street and communities to barter/trade with.
causechange 1 year ago
The dollar has no anchor of support like it did when it was connected to the PM's; therefore, the unhinged dollar has its own characteristics and is valuable only as long as Central Banks want it to be. The more dollars, digital and paper, that are produced, the less worth it will become. We have seen the amount of currency go from 800B to over 2 Trillion in 34 months... get ready!
HyperReport 1 year ago
I thought gold rises during times of uncertainty. Not necessarily what the dollar is doing.
InspireImages 1 year ago
Sil. It sounds like you are losing faith in silver's future. These last few videos of yours have been a bit bearish sounding. Are you second guessing ? Mike Maloney , Celente etc ?
ANTIDALLARD 1 year ago
@ANTIDALLARD I don't see how this video is bearish for silver! A silver-backed currency is as bullish for silver as it gets.
silverfuturist 1 year ago
Joe, vendors in Michigan have already been doing this. In most cases, the businesses would rather barter than have the dollar. We're talking gas stations, servies, DOCTORS, etc...
watch?v=8C6gii86k5s
DennyDFW 1 year ago
@DivinityInside precisely what I intend to do. A manager / owner has every power to decide what's cash in his/her store and if paper's looking bad enough no one wants it, the deal will be an easy one.
ytgv3fc7 1 year ago
Do you really think currencies cannot be replaced? What do you think of e-dinar? Someone could start something similar and make gold/silver bullion (or anything of tangible value) as a deposit -but it would work more like a bank where you could get a debit/credit card, digital transfer (with some fair X-rates), etc. It'd work exactly the way it is now. I think it's a totally workable concept. The questn is if your governments would allow it. See Kelantan Malaysia
kvalain 1 year ago
Do you really think currencies cannot be replaced? What do you think of e-dinar? Someone could start something similar and make gold/silver bullion (or anything of tangible value) as a deposit -but it would work more like a bank where you could get a debit/credit card, digital transfer (with some fair exchange rates), etc. That way, you could pay Ebay, etc exactly the way it is now. I think it's a totally workable concept. The question is if your governments would allow it. See Kelantan Malaysia
kvalain 1 year ago
Towards the end of your video you mention the coloration of gold to -currency-, what would happen to the price of gold if the ...lets say the US dollar fails, and a new currency is issued, would the price of gold and silver not plummet losing it's intrinsic value, furthermore how would you 'make a market' for PM's once a new or revalued currency is issued?
Thanks for all the insight. Great Vids!
SOLIDSTEELEDOTCOM 1 year ago
@SOLIDSTEELEDOTCOM I doubt the price of gold in the old currency converted to the new currency would reflect any diminished value, ever. It never has before. The nature of gold is to be properly priced against other physical assets. Currencies have no choice but to fit the math decided by those transactions and comparisons. Gold's intrinsic values are all from physics, not from faith.
ytgv3fc7 1 year ago
@ytgv3fc7 the idea of gold as a flight to safety trade defeats your argument, if I can buy, lets say a laptop for 1250 today, and in a new currency valued by a new unappreciated debt instrument is offered tomorrow with twice the purchasing power I might be able to buy two laptops that would drop gold in this case to 625. why would a new currency, or better yet how would a new currency succeed valued at the dead currency price
SOLIDSTEELEDOTCOM 1 year ago
the IMF will not allow newly introduced silver or gold backed instruments, because they will not be able to inflate their way out of debt obligations like what they are doing now
SOLIDSTEELEDOTCOM 1 year ago
@SOLIDSTEELEDOTCOM no, my argument is multiplied in my favor, you totally misunderstand. New currencies are never offered with additional purchasing power, they are forced upon people with reduced purchasing power, or there wouldn't BE a new currency, people would stick with the original. It's a mind-game for idiots.
Gold retains its relative value to other objects during such times of lies and absurdity. If a laptop cost you 80 hours of work in the old currency it will be 120 hours next one
ytgv3fc7 1 year ago
isn't there a goldmoney corporation now that allows gold in allocated accounts to be invested in and divested of, transacting with your other bank accounts, making a gold ATM? I don't know if they do this with silver but supposedly it can be done at all times.
If I want local food I sure can use gold and silver. If I want light-weight electronic format so no one can just steal gold in hand, or so I can move it faster than metals can move, then electronic is the way.
ytgv3fc7 1 year ago
@ytgv3fc7 I wonder why people seem to be more worried about people stealing their gold/silver than they are of the banks freezing their accounts when throughout history there is greater number of bank accounts being frozen/banks collapsing than there is of people's private gold/silver being stolen. There is a greater chance of you loosing access to your savings by letting someone else hold it(i.e a bank) than you holding it yourself(hoarding gold/silver).
Numonic7 1 year ago
@Numonic7 I don't know, I see banks stealing money with fraudulent billing-timing for those who have loans and can't just walk away for their bills/chequing, and I see fees charged for stupid things that need no fee, and on and on. It's all theft, but if I have one piece of gold in a special container, it'll take a finger off if you try to steal it and it's not even obvious where it is. Much better savings account.
ytgv3fc7 1 year ago
@Numonic7 so gold is not holding its value against an old suit, rotten food or a rusted car, it's holding its value against BRAND NEW top quality products that do suffer from entropy, even though gold itself is NOT suffering from such entropy. That's physics for you.
ytgv3fc7 1 year ago
To expand on the 2nd point you made and this is something I kind of got in to an argument with davinci about before he banned me. People are in error when they use the example of gold holding it's value against a nice suit or when they say gold held it's value against everything to describe gold as a good store of wealth. If gold held it's value against anything or everything then that would make anything or everything also a good store of wealth. You see the conundrum.
Numonic7 1 year ago
@Numonic7 there's no such conundrum - you are misunderstanding reality (but Davinci does as well, which is why I don't often comment on his videos anymore). A suit, ready made new, does hold value at that time vs the gold you can produce which is also as good as new because it doesn't rust, evaporate or easily chip, fall apart. So to compare value forever as money, you'd need a suit which can't biodegrade, but they all do, compared to gold's physical endurance.
ytgv3fc7 1 year ago
That's the first time I've heard the correlation explained that way.
Good video!!
JOHNNYH8STHENWO 1 year ago
It is an absolute correlation because gold is priced in dollars. Thus when gold goes up the dollar is losing value agents gold but gaining value agents homes.
davincij15 1 year ago
@davincij15 okay but what silverfuturist was trying to say is that gold going up does not mean that the dollar is going down against everything else. There are some people that believe that gold going up means the dollar is loosing value against everything but that's not the case. Gold can go up in dollars while the value of dollars goes up against silver or another currency or anything else and if the dollar is going up against more things than gold is then the dollar appreciating more thanAu
Numonic7 1 year ago
@Numonic7 actually yes it does mean the dollar is losing value against everything else, because those other things aren't being made in suddenly different rates and qualities than before, no more than gold. Only one of those things is made in much different quality and quantity: dollars. It's called quantitative easing, printing of money, debasing of currency. It's the actual event. The rest is a reflection of the event.
ytgv3fc7 1 year ago
@ytgv3fc7 What are you talking about, of course things are made at different rates. You think the supply and demand for things stays the same for everything except the currency? That is NOT true and ridiculous to think so and that is why it is possible for the price of gold to go up while the price of silver goes down AT THE EXACT SAME TIME and this can be applied to anything. Silverfuturist even gave an example of how the value of wheat fluctuated against the value of gold.
Numonic7 1 year ago
@Numonic7 what are YOU talking about? Gold is a produced, refined good - it is purified, melted, ground out from ore, chemically extracted, so it is as much a manufactured good as any other. You won't see a massive distortion up or down of it vs other goods people need as much (long-term durable item of high value). Some very bizarre, 3 times in a century type changes will massively change an entire economy to highly bias one category of goods over another, as life's needs seldom change
ytgv3fc7 1 year ago
@ytgv3fc7 Man all he was trying to say is that everything including gold and currencies have different supply/demand ratios which determine their value against other things and currencies. The value of one thing does not remain the same because the supply/demand of that thing or of other things are constantly changing. Even if the supply and demand for gold stayed the same for a century, the supply and demand for other things don't and this effects the value of gold compared to those things.
Numonic7 1 year ago
@Numonic7 and what I'm saying is the fluctuation of those assets relative to each other is barely visible compared to monetary fluctuations from the fraudulent money-printing empire called central banking. Gold is the most reliable money there is BECAUSE of this.
ytgv3fc7 1 year ago
@ytgv3fc7 I hear what you are saying but I don't know how true that is. I'm at pricedingold . com and there are charts with fluctuations, price drops and all. Granted currencies priced in gold have done nothing but dropped for the most part, other things haven't exactly remained steady priced in gold. Even if you took the averages of each thing priced in gold, i doubt you'd get the same averages ratios. In conclusion the price moves of gold over the years do not mirror that of other things.
Numonic7 1 year ago
@Numonic7 in conclusion I'd say the production-levels of gold reflect production-levels, in cost and in profit, of other non-food items, and directly reflect (after-effect) rises in energy cost (inflation input) as energy is required for mining, manufacturing, transport.
ytgv3fc7 1 year ago
@ytgv3fc7 While I agree that the cost of production does reflect the cost of energy I do not agree that the cost to produce gold reflects the cost to produce other non food items. It is a fact as far as I know that it cost less to produce copper than it does to produce gold. The cost to produce each thing varies as the supply of each thing in the earth is a different amount. The more abundant the amount, the less it costs to produce. So again the price moves of gold don't mirror that of othe
Numonic7 1 year ago
@Numonic7 they scale proportionately. Many non-food items will be involved in the equipment that's part of the cost of gold extraction so they have to move together. The chemistry and innovations, electronics and innovations, are tied together. Demand certainly will be the off factor, as people are more likely to want cars when the economy is strong, gold when it's weak + currencies are weak, that sort of thing, but the fluctuation is not very big.
ytgv3fc7 1 year ago
@Numonic7 when it comes to copper vs gold vs platinum etc the cost is as much in the finding, comparing to each other, because some are much deeper in the ground than others, so it's not just a question of what's "common" but how hard it is to get at it. Diamond are hard to get at naturally yet they are actually very common. The cost to produce is not at all affected by the abundance, but the market SALE price can very much be.
ytgv3fc7 1 year ago
@ytgv3fc7 Although many non-food items will be involved in the equipment that's part of the cost of gold extraction, gold extraction isn't the only thing those non-food items are used for. So gold extraction is not the sole demander of those non-food items which means other factors have an effect on the movement of those non-food items. Saying gold extraction uses those non-food items and therefore moves together is like saying I who eat apples is the only one moving the price of apples. Wrong
Numonic7 1 year ago
@Numonic7 I'm not sure how you missed the point. The non-food items are used very much equally in demand with gold-extraction as with other machines. Hydraulics, tires, circuit-boards, power-trains, durable metal alloys, building roads ... so as I said, they move together, with minor fluctuations.
ytgv3fc7 1 year ago
@ytgv3fc7 First of all it is not true that the non-food items are used very much equally in demand with gold-extraction because if they were then the value of the non-food items and gold would move the same but as I've pointed out before from the graphs on pricedingold . com we see that they are not moving together and even if they were moving together that does not mean that the gold extraction is the thing driving demand for non-food items. It would be a correlation not a causation of gold.
Numonic7 1 year ago
@davincij15 HI DAV HOW;S LIFE TREATING YOU ,GOOD I HOPE
joe9083 1 year ago
If we were forced to do hand to hand transfer for every transaction(which means even snail mail is not going on because even that is a form of derivative transfer as you are trusting the mailing company to transfer your goods instead of stealing them) but if we had to barter, the inconvenience of trade would lead to an explosion of production because people would need things more close to where they live instead of having to travel far to trade hand to hand with others far away. Just a thought.
Numonic7 1 year ago
@Numonic7 So maybe the only reason we see bartering as inconvenient is because the world doesn't produce enough goods and nations have to go far to get things. Had the world produced more and we didn't have to travel so far to get what we wanted, bartering wouldn't be such a burden. I think if we gave bartering a chance, it might work itself out to be convenient and we already know it holds the aspect of safety as you are in control of your money not someone else(i.e. banks).
Numonic7 1 year ago
@Numonic7 snail mail can be backed with insurance, insurance companies will keep thefts and frauds low so they can make more profit and keep in business. They'll enforce it using their funds and influence. If we had to barter the convenience, not inconvenience of trade, would mean we'd re-organize our cities back to the shape they belong in, with potential mass transit, not stupid car-transit everywhere. Bikes with serious wagons. It would promote survival.
ytgv3fc7 1 year ago
Watched the trailer and I saw no money dropping from the sky. Also, are you saying that silver is useless for barter? I agree that it's not useful for paying bills in any kind of direct sense, but it almost sounds like you're arguing that it's useless, at least in the sense that it provides you no independence from whatever representation or currency that wealth is transacted in. So I don't get it....I need a little more clarity.
veritasfiles 1 year ago
@veritasfiles drutter has already documented paying his rent in silver.
That's fairly direct.
What silver doesn't do is store light-weight for carrying, and gold/silver don't allow me instant pay in / pay out like electronic cash does, so there are inconveniences. I trade off the weight / speed for the risk the bank keeps MY money against my will, and vice-versa.
ytgv3fc7 1 year ago
@ytgv3fc7 I suspect that the times and places where such a direction transaction will work are somewhat limited, and the increasing need of the government to tax and determine the source of all income will make transacting or transferring wealth from one store of value to another quite dangerous in the coming years. If the government finds that you have a large stock of gold and/or silver, then you can expect an eventual attempt to confiscate it or otherwise tax & regulate it heavily.
veritasfiles 1 year ago
@veritasfiles no more dangerous than normal under-the-table jobs and black-market trading, which as I have seen, is not very dangerous at all.
If anyone in government tries to take my gold they will soon find poison armor-piercing darts through their necks and they will die screaming. I know precisely how to make computer-controlled booby-traps and spring-powered clock-work is a mechanical computer.
ytgv3fc7 1 year ago 2
@ytgv3fc7 No offense, but if you think in a world of collapse and shrinking revenues, that under-the-table pay and black-market trading isn't going to be exceedingly more dangerous than it is today, then I'm not sure you understand what's happening. With regard to your poison armor-piercing darts, every guy with a gun says that, but in truth 99% of them will be wetting their panties when a tactical teams busts through their door. Good luck. I expect to flee or die when it comes to that.
veritasfiles 1 year ago
@veritasfiles My life experience has shown me all the danger there is. Some people will try to rob & kill you for what you have, so you ensure you are armed and ensure all parties bring all the goods for trade, or you back out with weapons ready.
Is what it's always been.
Unlike your 'tactical team' plan my booby-traps work with no humans present other than targets. I will make sure one bait target looks like it might be me so it draws in the real targets. I won't be there. I'm much smarter.
ytgv3fc7 1 year ago
@ytgv3fc7 Yeah, you're hopelessly superior to the rest of us. Have fun getting yourself killed. If you're as smart as you claim, then you sure shouldn't be on YouTube. You should be answering prayers for someone somewhere.
veritasfiles 1 year ago
@veritasfiles there's an easy solution to that.
Just teach everyone else how to make the same booby-traps. More than happy to do so.
Being on youtube, using various mass-sharing via internet, is the fastest way to innoculate the population against the coming disease.
For example, hypodermic needles are not very nice. They're much less nice if a) barbed and b) rigged so when you pull the dart out it injects from pulling rather than pushing force. a) simple mechanics can do this or b)CO2 expansion
ytgv3fc7 1 year ago
@ytgv3fc7 The point you're missing is that you'll ultimately lose the engagement. If you have a grasp on the reality of our situation, you realize that by and large, you are alone. The overwhelming vast majority of the masses are and will be forever hooked to the system. In that sense, your body of allies is extremely limited. The police, the government, and it's various agents will not lose...they can't afford to. You can booby-trap & die or you can survive. The choice is yours'.
veritasfiles 1 year ago
@veritasfiles No, the point you're missing is I can't lose the engagement because I won't be there.
Are you not reading? Booby-trap = kills/attacks when I am not there.
Is this not sinking in? There will NOT BE AN ENGAGEMENT. That's how it works.
Your very notion I'm in more danger by doing this is absurd and nonsensical.
I need NO ALLIES. I know how to spot threats many weeks and miles in advance. Alone. The police will lose, they have to. They are over-exposed and under-trained.
ytgv3fc7 1 year ago
@veritasfiles I understand your bias, being a police officer, but it is how things will go down. The police will be out-gunned, out-smarted and led into traps if they turn on the people. Certainly if they turn on me they will die.
That's how it goes. I know how everything is made and how it can be unmade, quickly, that police use.
I've already tested my pattern-recognition many times to route around and locate police cars at any time of day. I'm very good at it. I mean knowing before THEY know.
ytgv3fc7 1 year ago
@ytgv3fc7 Not a bias......just reality. You're not the only one in the world who's tried to take on law-enforcement, and I'm unaware of anyone who ULTIMATELY won.
veritasfiles 1 year ago
@veritasfiles those who ultimately win are smarter and better armed. Thermite grenades will melt through all police armor and ensuring police go for the typical easy target approaches using bait, they will be open. Thankfully I doubt I'll need to worry about it. I'm not a personal target, so if looting did ensue it would be after weeks or months of obvious signs and I'd be gone before then. Also our G20 has shown it clearly: police are scared to try this shit outside a major secured urban center
ytgv3fc7 1 year ago
@veritasfiles so far that I can see police are unwilling or unable to re-scramble their habits of motion, nor can they re-shape the patterns of a city's flow of criminals or total moving traffic, thereby creating a time+location pattern-map so I can precisely pick out all cars, routes, day to day, without any help from anyone else. So long as I can do this there is no surprising me, and I can not , will not, lose any "engagement". I do not get surprised by police. Ever.
ytgv3fc7 1 year ago
@ytgv3fc7 If you're not there, then the police will not likely be there either. You're free to do what you like, but if you are personally engaged by the police rather than merely your booby-traps, then yes.........ultimately you will lose. The arrogance with which you speak makes this all the more true. If you don't see it, that's fine. I wish you will but I have little to no reason to believe that's how it will turn out for you.
veritasfiles 1 year ago
@veritasfiles sadly, you speak too highly of police. Police tend not to be that bright in tracking. They use old information and too many assumptions. I'm not saying it can't happen, I'm saying I see the continual failure to do that level of work, to use that level of perception. Good on you if you are above the rest, makes you better at your job. IF I am personally engaged and can't diffuse a situation because they are Hunting to Kill, I will use grenades. I don't want to, but I will prevail.
ytgv3fc7 1 year ago
@veritasfiles keeping in mind of course, before a social+economic situation changes so drastically that police are doing hunt+kill or hunt+loot, it will be a little more than obvious so I can get gone a lot faster than they expect to need to do such a thing, and I wouldn't be a personal target, lots of areas would be targets and I just need not to be in one of them. Looking homeless+poor is great cover, no loot value, a waste of time.
ytgv3fc7 1 year ago
@veritasfiles this "arrogance" you speak of is tried & true experience. It's not just police, it's lots of people. I have done what I can to test and try to train people to be perceptive and to match patterns, to be able to do what I can. I'm not sure if there's some cognitive delay or re-organization of the mind required, I'm not sure if there's a belief it can't be done. But it can be. Organized groups become predictable to track and easy to avoid. Police included.
ytgv3fc7 1 year ago
@veritasfiles "and ultimately won" -> not sure as police videos were erased but Curt Dajenais in Canada was accused of killing 2 police officers. They chased him down, they shot at him, 3 of them, and he had his truck, a rifle and no armor. Allegedly he shot 2 of them IN THE HEAD while under fire. I'm suspicious of the official story as that sounds ludicrous. But that's the official police story. He's still alive, but in jail. Very much pissed all police cruiser tapes from 3 cars were wiped.
ytgv3fc7 1 year ago
If we go back to sound money, how far off is the banking system from managing this? And what will people do during this time?
rockvpaper 1 year ago
the silver in your left hand is more shiny!!!!
Griff10silver 1 year ago
If society collapses as depicted in Book of Eli, bartering with locals will be easy.
PandoraLeigh 1 year ago
@PandoraLeigh Except for the ones that want to eat you for dinner!
silverfuturist 1 year ago
@silverfuturist
You can barter with cannibals. Trade them bullets to the head for your life.
ROFLpwnedvideos 1 year ago
@silverfuturist how can you tell the difference !?
DavidAKZ 1 year ago
I think both forms of money(electronic and physical) both have their pros and cons. Electronic money while convenient to transfer is risky to keep as savings because a bank can freeze a depositors account not allowing the depositor access to all he/she's worked for and while holding physical silver in your own possession protects you from default, physical things are not as convenient for trade as wire. So I'm holding both forms because they both have pros and cons and balance each other out.
Numonic7 1 year ago
@Numonic7 because money/currency is not only for trading things at the moment, it's also for trading things at a future time. We don't just work for the money we need to buy things we need at the moment, we work to build a savings to have so that when we are too old and cripple to work we have something to trade. That means money has to have an aspect of safety and durability and keeping your money in your own hands(hoarding) is allot safer than keeping it in someone elses(i.e bank account)
Numonic7 1 year ago
There is more than enough Gold to back currency - just not at the current price.....it has to go way up......once it has been revalued - as the central banks keep printing - the Gold keeps going up.
The central banks hold Gold....it keeps going up.....people sell their gold and are out of the game........you can't buy into this game now because gold is too high......it is a once in a lifetime choice.....buy or sell.
....its really not that difficult.......
dojufitz 1 year ago
Wrong, people did actually use bags of money. People were even paid wages in coins.
rayomans 1 year ago
@rayomans they certainly were. If large-scale corporations didn't exist, we still could switch back easily for all pay-roll. However, for the corruption and pressure that does exist, thankfully with electronic deposit and trading, you can now quickly move your wheelbarrow of dollars almost directly from pay to %-returning investment to bullion purchase, much faster than Weimar's physical wheelbarrows of cash.
ytgv3fc7 1 year ago
when silver hits $300 an ounce like some say it will, there wont be much left of our major cities to spend it in......
operator223 1 year ago
Great video. Thanks
TubeAwarder 1 year ago
@DivinityInside They will just have to get with the times, when the time comes.
jimbobubbadj 1 year ago
There is no certainty in life except death so to say it "Will not happen" is to predict the future and not one person can do that. There could very well be a transaction in gold/silver...etc. The black gold/silver market maybe the new system of choice to pay for goods and services. Bartering of items, tools, food...etc will be a possibility. When the whole system comes crashing down, people will be weary of trusting the banks & governments so they will not trust the money system anymore.
D33Lux 1 year ago 2
@D33Lux
hmmm.....you say no one can predict the future and then you turn around and start predicting the future. :rolleyes:
wizardofounce 1 year ago
I do not think that a precious metal backed currency would be 100%. It would be probably only 10% backed by a metal. This would allow them to continue to expand the supply of money as needed. There is not enough metal to be 100% backed. Thanks for the vids.
hedge313 1 year ago
@hedge313 Metals can be revalued up. There's enough. Being able to expand the money supply on a whim is not good. It always ends up destroying the currency and bankrupting most. Whether printed by government or a Central bank, fiat money always fails. I don't trust it. I'm trying to convince others to believe the same.
jimbobubbadj 1 year ago
@hedge313 there are always enough metals to back a currency, to be a currency. The only equation that matters is the # of money units vs the # goods to buy / trade with those units. Period. The number of people can never be involved: to do so is a false math. 10, 100, 180 billion people, the number is UNIMPORTANT. If there's 20 million oz silver and 30 million gold and x products in existence, that's it - prices will find their finite balance. Period.
ytgv3fc7 1 year ago
i appreciate your thoughts!
MrPhajlee 1 year ago
The Cat is Back and we Love Her !!!
Stokjockey 1 year ago
Bartering silver could happen if things got very, very bad. You really don't know. If it's difficult to have a medium of exchange in a crisis, you'll need something, especially if there is hyperinflation. It may take years or decades for a currency to be backed by real money (gold, silver) like it once was.
ggadguy 1 year ago
@ggadguy I know this sounds radical but I think bartering could show it's face in really really good times. By good times I mean times of mass global production. The reason wire is more convenient than physical hand to hand transfer is because things we want are so far away but think about it, if everything you needed or wanted was only a 5 mile distance from where you lived, you wouldn't need wire transfers as much and you wouldn't mind handling transactions physically hand to hand.
Numonic7 1 year ago
Good looking anvils you got. Do you make pattern welded knife blades by chance? That is my passion!
argentummolonlabe 1 year ago
Gold and Silver should be used as a retirement plan in my opinion, it's only going to increase in value and would be silly to cash in now, better to do it when you are no longer working in a job. I plan to run with this.
james9689 1 year ago 3
Maybe not. But you should have seen the Indian cashier's eyes light up after plopping a Silver Eagle on the counter when my card wouldn't work.
My daughter wants your cat.
Meow.
sk8ter11 1 year ago
@sk8ter11 Kitty wants love from as many people as possible!
silverfuturist 1 year ago
@sk8ter11 why did she want it ?
pringle959 1 year ago
@pringle959 Cat lover to the bone.
sk8ter11 1 year ago
This has been flagged as spam show
Maybe not. But you should have seen the Indian cashier's eyes light up after plopping a Silver Eagle on the counter when my card wouldn't work.
My daughter wants your cat.
Meow.
sk8ter11 1 year ago
Comment removed
sk8ter11 1 year ago
It would be cool to see u do a video banging out some copper in the background....
whereispg 1 year ago
The pound is going down faster than the dollar hence metals are high but its getting harder to import.
GuildF40 1 year ago
Comment removed
GuildF40 1 year ago
great points joe...the webbot talked about currency being counted in "calories" ...that is a frightening thought... but given what is looking like major food shortages coming may not be too far off the mark...
learned that i wish i had bought gold in 2000...lol
skybirdbird 1 year ago
@skybirdbird The webbots have been crying wolf a lot for the last year and a half, I like the concept behind them but I wonder how effective they really are. Or maybe there is a counter web-bot out there, spiking the Internet with noise to throw them off lol
silverfuturist 1 year ago
@silverfuturist or maybe they are a gov invention to "prep" us for what is coming...lol ...who knows........:-)
skybirdbird 1 year ago
@silverfuturist people's rumors are enough to throw off web-bot. There's something called "Anemone" that does this in Maelstrom, a book by Peter Watts. Ironically Watts is now in prison in the USA snagged by border-patrol goons, which is a heavy feature of his Maelstrom story-line! I sent him cash to fight but in the end, American legal corruption is too powerful for this Canadian. Border guards are dirty nazis, lying thugs, vicious wife beaters.
ytgv3fc7 1 year ago
Good points, but it doesn't have to be all-or-nothing. For example, If I own a gas station, and I know someone with silver, I might make a special arrangement with THAT customer for the exchange, and make an arrangement with someone else to exchange the silver for whatever they're trading. It would need skill at creative accounting so as not to arouse suspicions, but this kind of thing happens in Argentina currently, except substitute $US for silver in the example. (65% tax rate, mass inflation)
toluca56 1 year ago
Emmmmm, maybe gold certificates. But I don't think we would ever see silver certificates. My goodness lol....they can't find but around 500,000,00oz at the most in any commodity warehouse hehe
WhyMeWhySilver 1 year ago
some good points here Joe
stellaconcepts 1 year ago
@stellaconcepts Thanks man!
silverfuturist 1 year ago
The US dollar is in fact metal backed....... backed by plutonium !
operator223 1 year ago 5
@operator223 Lol and by lead!
silverfuturist 1 year ago 2
@silverfuturist Even pennies aren't all copper now!
PandoraLeigh 1 year ago
@silverfuturist Don't forget uranium
AllTheSame711 1 year ago
@operator223 LOL!
jimbobubbadj 1 year ago
@operator223 not so much. See, the USA may hold a lot of finished product but the real money is in the mining and refining of uranium. Guess who does that? Canada and Russia certainly do and of course Iran and South Africa have their own. America's a customer more than a producer.
ytgv3fc7 1 year ago
@operator223 I believe you mean depleted uranium
Sacredhoof 1 year ago
So I am looking at a very cool workshop or something in the background.... May i ask what it is? Looks like an old woodworkers shed....
waypastprime 1 year ago
I just watched "The A-Team" about soldiers, CIA, MI5, "Blackforest" and such...
They were retrieving stolen printing plates from Iraq, because some bad guys "will be able to print dollars not backed by anything"
LOL
grraadd 1 year ago
Comment removed
Romulan112 1 year ago
I don't know about you, but I accept gold/silver as payment :)
Romulan112 1 year ago 6
Good points, thanks.
Luiyi385 1 year ago
Joe - Yer vids are great man.
Your making a very big assumption in this video..... you mentioned an "advanced civilised society" (That may be an interesting thing to see sometime)
I'm not arguing here. I'm just thinking that there would possibly be a place for physical metal trading. If you do your trading via a bank with paper - I don't care what you think it represents - we'll end up at the same place eventually.
Cheers
zalida100 1 year ago
Great video ..love that cat oh and yes I did learn something
THESHADOWATCHER 1 year ago
CRAMER WAS WRONG AGAIN AND YOU WERE SPOT ON!
exquisiteinvestment 1 year ago
The values of the precious metals surely has to do with frame of referance regarding the percived value of other commodities and also fiat currencies at that time.
If you compare gold and silver to the fiat currencies when economies are running well then they lose value in terms of fiat money due to their being less relevant as stores of wealth/value. As things are at the moment the currencies are looking risky and the frame of referance has therefore changed along with their percived values.
gibbo675 1 year ago
@gibbo675 Sounds about right to me. - Ta
zalida100 1 year ago
The thing you are clarifying is one of the things that keeps people confused because they don't distinguish between the real money and its 'representations'. I think that's why its so hard to understand credit, where the representations of money don't even have a physical form.
BugsMr123 1 year ago
Do you always have a silver coin in your shirt pocket :-) . I also always carry at least once of silver everytime. Its a good way to kill bacteria on your hands :-)
charlesfuchs 1 year ago 2
@charlesfuchs That was one of those coin tricks, ya know how adults pull quarters out of little kids ears
silverfuturist 1 year ago
@silverfuturist Hi Joe, as important as protecting one's purchasing power is I think it would be great if you could shed some light as to why fiat currencies are devaluing against real assets, i.e. government ineptitude or agenda to control populations. Not wanting to get all conspiritorial but as the anniversary of 9/11 is coming up I would advise anybody to type '911 Missing Links' into Google Video and see what they think. The broader picture dwarfs and will affect the metals price sideshow.
ford7777777 1 year ago
@ford7777777
The main reason for devaluation of paper currencies is that there is much more paper laying claim to real assets, than there are actual assets to claim. Since paper is not an asset... just a promise to pay, there are huge trade imbalances.
chocomalk 1 year ago
@chocomalk Fair enough chocomalk but why are there more paper claims on real assets. Did that just happen organically or was it allowed to happen or made to happen? Who benefits by keping the masses in 'paper/pixel' wealth and who benefits if it should all 'accidentally' go tits up? Before 1920 10 pence (2 shillings) contained just under one fifth an ounce of silver so £4 in todays money. Now next year the UK is propsing getting rid of the copper in 10p piece so its just nickel plated steel!!!?
ford7777777 1 year ago
@ford7777777
It was allowed to happen. It enables some to purchase real goods with nothing but paper promises that can be defaulted on. The sad part is that the ones liable for the payment are countries and their citizens(sovereign debt), but their assets have been purchased with paper...paper that accrues interest only payable with real assets...paper cannot pay back debt accrued on itself at this level, only assets, default or servitude can resolve this. Soon there will be more debt than dirt
chocomalk 1 year ago
@ford7777777 Hey that's strange here in Canada the new penny's aren't even copper anymore, they're zinc. There's also talk of removing the penny once and for all. So in other words everyday items will get expensive because now they'll just round off the price of items to the nearest nickel. Scumbag governments, they are all to blame for everything thats going wrong regardless of what continent anyone lives on!
D33Lux 1 year ago
@D33Lux actually soon all our coins are going to be layered plated steel, just colorized to be loonies, pennies, dimes and so on. Zinc is too valuable. I'm sure enough of us can keep pennies around to keep them going in deals, no way am I letting people round up prices on me.
ytgv3fc7 1 year ago
@ytgv3fc7 Now that I think about it, the globalists plans are for every person in the world to have an RFID chip planted under their skin...a cashless society. In this manner the digital manipulation will take on an Orwellian level.