[PBCounty]

26.52 as of this posting.

[emt1581]

Originally Posted by PBCounty

26.52 as of this posting.

Yup...jumped .50 in the last few minutes...

I'm betting $28 by next week...

Seriously, isn't anyone else worried??

-Emt1581

[Warp]

Originally Posted by emt1581

Yup...jumped .50 in the last few minutes...

I'm betting $28 by next week...

Seriously, isn't anyone else worried??

-Emt1581

Not overly worried, no

[VBG23]

Originally Posted by emt1581

Yup...jumped .50 in the last few minutes...

I'm betting $28 by next week...

Seriously, isn't anyone else worried??

-Emt1581

I just resurrected my thread about a parabolic rise in PMs being a sign......


I'm just sayin.....

[emt1581]

Originally Posted by Warp

Not overly worried, no

Why not?

-Emt1581

[Warp]

Originally Posted by emt1581

Why not?

-Emt1581

I am not knowledgeable enough to discuss this on the level of this thread.

And I am generally skeptical of the chicken little S/P threads. I've seen so many "the sky is going to fall" or "is anyone else worried?" or "something is going to happen here" discussions in this forum I couldn't even begin to recall them all. And none have panned out.

Except Katrina. But that was a pretty easy call to make once we saw how god damn big it was.

[emt1581]

Originally Posted by Warp

I am not knowledgeable enough to discuss this on the level of this thread.

And I am generally skeptical of the chicken little S/P threads. I've seen so many "the sky is going to fall" or "is anyone else worried?" or "something is going to happen here" discussions in this forum I couldn't even begin to recall them all. And none have panned out.

Except Katrina. But that was a pretty easy call to make once we saw how god damn big it was.

Silver's going up by the hour and I'm not seeing any solutions to the problem of the crashing dollar. And our currency becoming worthless is just the tip of the iceburg and it's not a premonition/idea...it's actually happening.

But I do respect your initial statement. Just pointing out the facts of the past few days.

-Emt1581

[Warp]

Originally Posted by emt1581

Silver's going up by the hour and I'm not seeing any solutions to the problem of the crashing dollar. And our currency becoming worthless is just the tip of the iceburg and it's not a premonition/idea...it's actually happening.

But I do respect your initial statement. Just pointing out the facts of the past few days.

-Emt1581

On 10/13 you posted that silver was over $24/oz.

Now it is 11/5 and it is up to about $26.80.

That is 23 days to go up a little over $2, or less tha 10%.

Saying that it is rising by the hour, even if it is (slightly) doing so, comes off as a bit of a dramatization

[emt1581]

Originally Posted by Warp

On 10/13 you posted that silver was over $24/oz.

Now it is 11/5 and it is up to about $26.80.

That is 23 days to go up about 2, or less tha 10%.

Yes and compare that to what it was doing a few years ago when it might go up or down a point every few months. And, again, look what's happened in the last 48-72 hours...it's gone up more than that few points it did in that 23 days you pointed out.

Me personally, in order to not be worried I'd want some sort of rational solution to the government/economy's issue...but maybe I'm missing one that's been revealed. Did you get wind of any?

EDIT: I caught your edit. Saying it's going up by the hour in the past few days....prove me wrong. My proof is the graph on the www.apmex.com page...what's yours?

-Emt1581

[Warp]

Originally Posted by emt1581

EDIT: I caught your edit. Saying it's going up by the hour in the past few days....prove me wrong. My proof is the graph on the www.apmex.com page...what's yours?

-Emt1581

Read it again, then. You do not seem to have understood what I said.

In the past 24 hours it appears to be up $0.60. That is about 2% on the day. That is certainly significant, but it isn't enough to make me think the sky is falling.

[emt1581]

Originally Posted by Warp

but it isn't enough to make me think the sky is falling.

Honestly, me either.

The REASON for that raise is what has me worried.

-Emt1581

[1 old 0311]

Originally Posted by emt1581

Honestly, me either.

The REASON for that raise is what has me worried.

-Emt1581

The amazing thing is that in spite of the gold, and silver prices, NOBODY is selling. I have been buying 20 Franc gold coins, and 1 ounce .999 silver rounds, and bars, for 10+ years on e-bay. I have N-E-V-E-R seen so few for sale.

Usually when prices rocket people are glad to take their profits. Now? I don't think profit is the motivation to sell but fear is the stronger reason not to sell.

[emt1581]

Originally Posted by 1 old 0311

The amazing thing is that in spite of the gold, and silver prices, NOBODY is selling. I have been buying 20 Franc gold coins, and 1 ounce .999 silver rounds, and bars, for 10+ years on e-bay. I have N-E-V-E-R seen so few for sale.

Usually when prices rocket people are glad to take their profits. Now? I don't think profit is the motivation to sell but fear is the stronger reason not to sell.

Exactly!! My money (PM's) says something's happening now that's going to get VERY bad.

-Emt1581

[Warp]

Originally Posted by emt1581

Exactly!! My money (PM's) says something's happening now that's going to get VERY bad.

-Emt1581

I've never heard that stated on this forum before....

[emt1581]

Originally Posted by Warp

I've never heard that stated on this forum before....

Me either...

Seriously, I understand when you're coming from, really I do. And I was there for a while. But if you look at certain moves the gov. has made during the past year or so, there is NO WAY to avoid a SHTF.

But I did open it up to suggestions in terms of solutions...but IIRC you didn't have any.

BTW, the problems (just a few) are...

1. Health Care
2. Debt, to the point that no other countries will help us out.
3. We are just printing more money, LOTS of it, in order to somehow solve problem #2.
4. Taxes are going to go WAY up.
5. Borders still aren't even remotely secured and terrorists are doing dry runs almost weekly in the air.

Now that's just a few off the top of my head. But any clue how we fix even one of those successfully? And even if you come up with something, do you realistically think the gov. is going to do the same thing?

-Emt1581

[emt1581]

Personally, I keep kicking myself for stocking up on a tons of guns/ammo instead of bullion. But then again, I'm pretty confident that guns/ammo/food/meds/and other essentials will be worth close to their weight in when the economy collapses and parts of society turn on the rest of us.

-Emt1581

[GUNNUTZ13]

When the SHTF, the people who own gold / silver / diamonds / Paste your Favorite here...will just have lumps of refined ore / shiny trickets.

Put your money into Water, Food, Guns and Ammo, and Shelter...you will be able to survive, protect what you have and or take what you need.

Just think, after the dust settles and you want to trade, barter, or even buy something you absolutely need, whadda ya gonna do with that gold bar, silver coin, diamond, whatever current currency when the item you're buying is not worth one hundreth or even a tenth of whatever you have to pay with...got change for a diamond ring, gold bar ? Come on...!!

[emt1581]

Originally Posted by GUNNUTZ13

When the SHTF, the people who own gold / silver / diamonds / Paste your Favorite here...will just have lumps of refined ore / shiny trickets.

Put your money into Water, Food, Guns and Ammo, and Shelter...you will be able to survive, protect what you have and or take what you need.

Just think, after the dust settles and you want to trade, barter, or even buy something you absolutely need, whadda ya gonna do with that gold bar, silver coin, diamond, whatever current currency when the item you're buying is not worth one hundreth or even a tenth of whatever you have to pay with...got change for a diamond ring, gold bar ? Come on...!!

You might want to edit out that "take what you need part"...or put on a flame suit.

-Emt1581

[1 old 0311]

Originally Posted by GUNNUTZ13

When the SHTF, the people who own gold / silver / diamonds / Paste your Favorite here...will just have lumps of refined ore / shiny trickets.

Put your money into Water, Food, Guns and Ammo, and Shelter...you will be able to survive, protect what you have and or take what you need.

Just think, after the dust settles and you want to trade, barter, or even buy something you absolutely need, whadda ya gonna do with that gold bar, silver coin, diamond, whatever current currency when the item you're buying is not worth one hundreth or even a tenth of whatever you have to pay with...got change for a diamond ring, gold bar ? Come on...!!

THIS is the thinking of someone who wasn't smart enough to jump on the band wagon LONG ago. Oh well. Someone ALWAYS has to be left behind.

[SilverCity]

Originally Posted by GUNNUTZ13

When the SHTF, the people who own gold / silver / diamonds / Paste your Favorite here...will just have lumps of refined ore / shiny trickets.

Put your money into Water, Food, Guns and Ammo, and Shelter...you will be able to survive, protect what you have and or take what you need.

Just think, after the dust settles and you want to trade, barter, or even buy something you absolutely need, whadda ya gonna do with that gold bar, silver coin, diamond, whatever current currency when the item you're buying is not worth one hundreth or even a tenth of whatever you have to pay with...got change for a diamond ring, gold bar ? Come on...!!

What if you already have LOADS of that essential stuff and need someplace to put the rest of your wealth? What will you use once the SHTF has subsided and things return to relative calm, but all fiat currencies are wiped out? Ignore 5,000 years of history? Good luck.


SC

[UneasyRider]

Originally Posted by SilverCity

What if you already have LOADS of that essential stuff already and need someplace to put the rest of your wealth. What will you use once the SHTF has subsided and things return relative calm, but all fiat currencies are wiped out? Ignore 5,000 years of history? Good luck.

I agree with you. Balance is always important. My wife and I were just talking about how lucky we are with a good pension for when we retire, a good savings in IRA's etc, and good jobs to provide for us.

At the same time we have prepared for the future with preps and PM's. We also have an exercise program, diet and have been seeing to our medical needs in advance. Balance.

We are not wealthy by anyones definition but we feel that we have hedged our bets in life by keeping a good balance. Some PM's make really good sense, especially lately, and I have food, water, shelter and defense covered so why not? It's just one more prep.

[1 old 0311]

Originally Posted by SilverCity

What if you already have LOADS of that essential stuff already and need someplace to put the rest of your wealth. What will you use once the SHTF has subsided and things return relative calm, but all fiat currencies are wiped out? Ignore 5,000 years of history? Good luck.

E-X-A-C-T-L-Y There are also different degrees of SHTF. We won't go from the most powerful country with the strongest dollar to Mad Max overnight. With gold/silver you can opt out anytime and sell for a profit as needed.

[BORNGEARHEAD]

Let's say that the world goes to a "global currency". What will gold and silver be worth? Think that balloon will pop?

[Warp]

Originally Posted by BORNGEARHEAD

Let's say that the world goes to a "global currency". What will gold and silver be worth? Think that balloon will pop?

That's, uh, a pretty big "let's say". lol

And it will probably be worth what it is worth now, more or less, in terms of buying power.

[1 old 0311]

Originally Posted by BORNGEARHEAD

Let's say that the world goes to a "global currency". What will gold and silver be worth? Think that balloon will pop?

Well since gold is more popular in China, India, and most of the Third World than it is here it MAY rise further. The Euro was a testing ground for a Global Currency and more than a few Countries are having second thought about that decision.