What should the Average Person do?

Reply to Don Harrold Video with Jeff Macke as guest
http://www.youtube.com/watch?v=TxrSX0xIkDA

At the end Marc Faber tells viewers it's over get out
of ETFs and any electronic assets.
http://www.youtube.com/watch?v=JNAUYXvO16I

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[RockyMountainPrepper]

I understand the logic on your 1000 bill analogy, etc. However, I don't know that I understand what you meant by making change for gold. Like if I went to the store right now with one of my 1oz bars, they don't have gold to make change with. Likewise with my local bank. If I took a 1oz bar there and asked for change in gold, or to exchange it for cash, or even to use as collateral for a loan, they would laugh at me (really). I completely agree with you on things, just that one point I had ?'s on

[davincij15]

@RockyMountainPrepper

The point is there is a place where you can go to get the bills you need to go to the store.

[icecreaman42013]

Only when the last tree has died

and the last river has been poisoned

and the last fish has been caught

will you realise that you cant eat money.

[davincij15]

What good is a storage of wealth in the desert?

None unless you know you can travel to a city of people.

Thus a storage of wealth is human concept where I work to provide food or clothing and I require something in exchange. If don't need anything today, I will need some form of wealth storage so I can exchange for things I need in the future.

Food does not store wealth as it goes bad.

[RockyMountainPrepper]

@davincij15 Of course. Maybe I misinterpreted it. Either way, I'm stackin'. I love your channel. Thanks for your perspective.

[what1111000]

i agree with your philosophy.

just want to explain, i'm a jeff macke fan, jeff macke is very pro-gold right now. he's got a new show and was disclaiming that he is. he's very anti-government and wall street.

he's just also a short term trader, and he's also very cynacal. he believed in going cash for a very short term period because cash gives one "liquidity"; but he shortly went long gold afterwards.

so i agree with you man, i'm just saying i think jeff macke does too!

[captainterrible525]

yes.... keep cash.  who knows when the toilet paper will run out or how much it will cost for a roll. People please wake up. Who would it benefit for people to store cash. Not the public,

[AvEryBadApPLe]

for one, stop being average. cut out spending on beliefs. god doesn't need money and bumper stickers depreciate a car's value. the most important vote for businessmen, masquerading as a politicians, is the vote that gets them into office. the most important vote for a voter, is the vote that gets corrupt businessmen, masquerading as politicians, out of office. if one buys precious metal, don't take them to walmart to purchase an i-pad.

[dafleate]

@icecreaman42013 i wish i had gold bars, but its much harder to keep a bunch of cows from being stolen/eaten/injured than it is a few gold bars. Also, you need lots of property in order to rotate the cows from field to field. All you need a safe and a shotgun for your gold, as opposed to how many resourcesfor keeping your cows safe?

[ad627]

@dafleate find someone else as desperate for help as you are. Barter. Work out a deal. No one seems to realize we're all in it together.

[tobycat11]

@icecreaman42013 When the monetary system of China failed during WWII, the value of a silver dime became known through out that huge communications-less, somewhat primitive country -OVER NIGHT!- now for a plug: Monarch Precious metals has silver rounds for sale in 1 gram, 10thoz., 4thoz., 1/2oz. etc. sizes, (small incriments) For those of us who live on rent properties or have homes in the cities and towns, carrying cows around ain't gonna work. Having stores of food in bulk a must.

[dafleate]

@icecreaman42013

You need a LOT of preperty to feed cows, and its not that simple you need to protect your cows from disease and not to mention people, and if you have cows then you're gonna need to milk them, and if you have too many for once person to milk then you're going to need to employ some people, and how are you gonna pay those people. And again, cows die and gold doesn't expire.