Rising gold & silver prices may bring "Widespread Panic On Wall Street" but it brings a giant belly laugh for the rest of us who're astute enough not to play in Wall Street's digital sandbox. Because real wealth is measured in ounces not digits on a screen.
If you don't own physical then you're just shepherding the wind. A pointless exercise.
Growing a sizable food pantry should be every prepper's first order of business. Then self defense tools. Also water storage & filtration. Only after these are procured in good measure should stacking physical PM's be considered.
One exception to that would be the accumulation of gold (and silver) for when the fiat dollar tanks, as is very likely. Gold being the universal hard currency.
Obviously gold is for high value purchases like land or vehicles or real-estate etc. stacking gold is more for wealth protection than for barter. Many silver stackers, stack only silver because they can't afford gold, that's understandable. Most gold stackers also stack silver for smaller barter purposes.
Gold can be purchases in smaller denominations called "fractionals" like 1/2 oz. 1/4 oz. 1/10 oz. Also gold foils are available (aka - "goldbacks") now issued by 9 states. Texas, Oklahoma, Arizona, Utah, Wyoming, Nevada, South Dakota, Florida, New Hampshire.
If you live in an urban area where your A/C condenser is hidden from yours and public view, you might want to consider caging and locking it.
With all newly mined silver going into industrial use, the gold/silver ratio will return to its preindustrial roots of 1:15 when it comes to investment. We can't conceive of 30 pieces of silver in Judas' day purchasing a nice home with acreage for doing some agriculture and servants to help out. Judas was no idiot. 30 pieces of silver had to be quite a temptation to betray your best friend and teacher, even if you were doubting his mission. Same is true for Saul's day, 1 Samuel 9:8. 2-3/4 grams of silver was enough of a donation to get seer to tell your fortune.
By this logic, investing in the extractive and transformative industries of silver is not just a cyclically sensible play. You’re not describing a bull market. It’s a revaluation of its role in the medium term. In other words, making silver, even trading silver would become a thing. Generational-wealth building.
I believe we are approaching mania levels in precious metals,AI stocks,meme stocks like Tesla,etc.Maybe some kind of intermediate downturn coming.But,if you're not leveraged,can wait for long term increase.
There isn't much enforcement of anything in So California.Not for speeding,running red lights,cell phone use while driving,shoplifting,graffiti everywhere,motorcycles on bike trails,vandalism,etc.Highly paid police do nothing.
Rising gold & silver prices may bring "Widespread Panic On Wall Street" but it brings a giant belly laugh for the rest of us who're astute enough not to play in Wall Street's digital sandbox. Because real wealth is measured in ounces not digits on a screen.
If you don't own physical then you're just shepherding the wind. A pointless exercise.
Food might be even more important.
Growing a sizable food pantry should be every prepper's first order of business. Then self defense tools. Also water storage & filtration. Only after these are procured in good measure should stacking physical PM's be considered.
One exception to that would be the accumulation of gold (and silver) for when the fiat dollar tanks, as is very likely. Gold being the universal hard currency.
It's MORE than just very likely the dollar will tank. It's a mathematical certainty.
Silver is more barterable, gold is more portable. Both have advantages and compensate what the other lacks. Which is why most stackers, stack both.
True, but for us poor people silver is better cause I had rather give a silver dime for a loaf of bread than a gold dime
Obviously gold is for high value purchases like land or vehicles or real-estate etc. stacking gold is more for wealth protection than for barter. Many silver stackers, stack only silver because they can't afford gold, that's understandable. Most gold stackers also stack silver for smaller barter purposes.
Gold can be purchases in smaller denominations called "fractionals" like 1/2 oz. 1/4 oz. 1/10 oz. Also gold foils are available (aka - "goldbacks") now issued by 9 states. Texas, Oklahoma, Arizona, Utah, Wyoming, Nevada, South Dakota, Florida, New Hampshire.
Also flashing gold out there trying to buy stuff, may invite big trouble.
I think defense first and then food. You don’t want to be storing food and then someone comes along and helps their self.
Or stockpile them both simultaneously. Like, buy 10 cans of beans or a 10 lb.bag of rice and a box of ammo while shopping at Walmart.
If you live in an urban area where your A/C condenser is hidden from yours and public view, you might want to consider caging and locking it.
With all newly mined silver going into industrial use, the gold/silver ratio will return to its preindustrial roots of 1:15 when it comes to investment. We can't conceive of 30 pieces of silver in Judas' day purchasing a nice home with acreage for doing some agriculture and servants to help out. Judas was no idiot. 30 pieces of silver had to be quite a temptation to betray your best friend and teacher, even if you were doubting his mission. Same is true for Saul's day, 1 Samuel 9:8. 2-3/4 grams of silver was enough of a donation to get seer to tell your fortune.
By this logic, investing in the extractive and transformative industries of silver is not just a cyclically sensible play. You’re not describing a bull market. It’s a revaluation of its role in the medium term. In other words, making silver, even trading silver would become a thing. Generational-wealth building.
The silver institute has had negative reports for misrepresenting some details
I believe we are approaching mania levels in precious metals,AI stocks,meme stocks like Tesla,etc.Maybe some kind of intermediate downturn coming.But,if you're not leveraged,can wait for long term increase.
There isn't much enforcement of anything in So California.Not for speeding,running red lights,cell phone use while driving,shoplifting,graffiti everywhere,motorcycles on bike trails,vandalism,etc.Highly paid police do nothing.