Whenever I see posts like this I immediately wonder whether I'm being served an ad for gold and silver. Gold vultures love to reap the rewards from their panic marketing.

this is why i deal only in dogecoin. much stable. very return.

WOW. Much currency.

+/u/dogetipbot 100 doge verify

^{[wow so verify]}: ^{/u/mfajma -> /u/woodforfire Ð100 Dogecoins} ^{($0.019685) [help]}

While not required, you are requested to use the NP domain of reddit when crossposting. This helps to protect both your account, and the accounts of other users, from administrative shadowbans. The NP domain can be accessed by prefacing your reddit link with np.reddit.com.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

+/u/dogetipbot 100 doge verify

^{[wow so verify]}: ^{/u/CelestialWalrus -> /u/mfajma Ð100 Dogecoins} ^{($0.019685) [help]}

While not required, you are requested to use the NP domain of reddit when crossposting. This helps to protect both your account, and the accounts of other users, from administrative shadowbans. The NP domain can be accessed by prefacing your reddit link with np.reddit.com.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

/r/gridcoin masterrace checking in.

Doge is fine. Minus the memes

+/u/dogetipbot 100 doge verify

^{[wow so verify]}: ^{/u/CelestialWalrus -> /u/woodforfire Ð100 Dogecoins} ^{($0.019685) [help]}

While not required, you are requested to use the NP domain of reddit when crossposting. This helps to protect both your account, and the accounts of other users, from administrative shadowbans. The NP domain can be accessed by prefacing your reddit link with np.reddit.com.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

They just want to rub it in. They aren't advertisements because you can't afford gold. Only the billionaire elite control gold. Most of the world's supply is under the control of a select few banks and individuals and governments. Especially now since Libya and Ukraine were looted by the West. America was looted under Roosevelt.

I follow the price of Gold intradaily.....texted my friend yesterday when it was up $14. The swings are pretty crazy to me. Silver nearing $18....I had really thought the bottom for Gold would be below $1000 (could have been in the 990's). I just had that gut feeling for years and years. So much so that I promised myself a bottle of Brunello di Montalcino if it dipped below $1000 for even a millisecond. Came so close in December, haha.

There is a global re-positioning of economic power capabilities happening right now. It's a shift before the IMF adjusts the SDR basket in October/November. Just expect U.S. hegemony to be less. How much less? That's the uncertainty.

If you don't hold it someone else does. Never buy paper silver. #boatingaccidents #unfortunate ;-)

Man it's crazy, I lost an AR, and an AK, and a whole host of other firearms all in separate, unrelated boating accidents...

I've really got to be more careful.

<sigh> damn shame...seems unfortunate boating accidents are indeed quite common, who knew. ;-)

Yeah silver is a good investment. Gold too. Always buy physical metals though. There's a phrase amongst proponents of physical commodities: "keep stackin". I don't know what will happen though in the future, meaning if a police state/confiscation era dawns upon us, or if a disaster recovery barter system emerges. With the former, we're all kind of shit outta luck. With the latter, the investment move would prove somewhat prudent.

I don't invest in markets, to be honest. It's hard to do in my profession (a lot of res trict ions that don't allow you the full capacity of investment tool access). So, if I did invest in the markets, it'd be like playing baseball with no legs. I do do research though, and I'd look into global shipping, demolition (for ships and trucks), water filtration/utilities/processing and piggy back companies supplying materials for things (napkins, bathroom stuff like urinals and toilets and their components, plastic bags, etc.).

Hope that expands your view more.

Any advice on purchasing the actual physical silver?

I'd suggest some government coins. Helps verify authenticity. Silver and gold eagles are very liquid in the United States. Easy to sell. Maples are popular too and recognized well around the world. I wouldn't buy any bars that are above a kilo (32.2 troy oz) in weight. Buy from somewhere reputable like Apmex or JMBullion. Other than that, buy what you like or get what's closest to spot if you're looking to maximize savings.

Coinshops. Flea markets. Antique dealers. Any reputable coindealer should be able to sell you a gold/silver test kit. Have found bracelets at two ounces for five bucks.....my precious, come to mama....

I'm a complete amateur when it comes to this stuff. What should I understand about a gold/silver test kit?

A few plastic bottles of acid, I forget what they are, and a touch stone. If it sticks to a magnet don't test it it is garbage. Scratch the metal on the stone enough to see scraping apply acid to stone, which ever one dissolves it will be labeled with what you have. You want to avoid touching the potions and always wipe the stone off. You will want to store this upright in a box. Away from children pets and conscious exes.

Edit: viscous ...not what autocorrect did there ......conscious...

I bought a bunch of 5oz hand poured bars from jm several months ago. Price wasn't bad and I had them in around 2 weeks.

Pure near spot price

Paying by check on bullion sites (like APMEX) will be a little cheaper. Also, I'd guess have a variety of weighted rounds and bars so that if a barter situation ever arose, you'd be more versatile in what you could offer, and not make a bad deal for yourself. I've bought used online. The condition doesn't really matter to me. If I take a few bars in a bugout bag if shit ever hit the fan, then I'm really not going to treat them all coin collector-esque.

I wouldn't even worry about the price fluctuations in the paper market either......just buy to have.

This should benefit people holding hard assets right?

You can only hold so much. Have you ever seen the show 'Life Below Zero' on NatGeo? The family there (white guy with native/Eskimo looking woman with 2 girls) in Alaska, when the go on long trips on a set remote route, keep several supply stash spots. Thinking along those lines, if you accumulate a lot of real assets, might be worth looking into stash spots if you are interested in survival stuff.

I feel freer not owning real estate. Owning a house and retirement pensions/401k schemes seem to be 2 of the biggest long cons for Gen X and Gen Y to me. Not to say that people haven't made money, but if you are just looking in 2016 to buy a house or are counting on a 401k to provide for you later in this 21st century, you are fooling yourself.

Not the dollar...

There is only so much wealth available in the world.

As the top 1% of the 1% wealthiest people continue to absorb wealth, there is less available to everyone else.

This, guys, is the note they intend to leave on. Feeling expendable yet?

[deleted]

Did I say that?

Fiat. It will end. What cannot be sustained will not be sustained.

...just wow......just checked kitco.....so glad I collect scrap.....

Edit for I just saw your edit. Seems my comment got no love....I have spent way too much time reading up on this, so have you all. This is /conspiracy , amirite? The invented numbers interest due Fiat we use....the fed...the fraud.... Truth is the Constitution calls for what? History has shown and continues to show, that when the money is no longer accepted the currency changes. The only way to reform anything resembling any kind of capitalism/banking minus the fraud, is thru legitimate currency. Bitcoin, Doge ...all great till there is no power. My gold rings will trade, with almost certainty anywhere in the world. For more than what I have in them. By far. Not sure I am wrong. Welcome to studentloans my friend..

Time for #bitcoin

Awesome.... Till the power went out for two weeks during Isabel.... Traded a ten dollar flea market find for gas for the generator for two weeks. #Physical #ifyadontholdityoudontownit

Power would be down globally to affect Bitcoin - and for a very long time.

If the power is out you have worse problems.

To boot, you can use solar and other resources.

Internet is down? There are projects for open networks in case of such an occaision.

Your money is still safe as long as a few copies of the Blockchain exist worldwide.

If you hold your own private keys, you hold your bits.

True but that ring was really handy. Not saying there isn't room for bit or any other digital currency. Just sharing what has most definitely worked for me in the past. Seems when ever currency in any form becomes worthless, those that have extra will always accept the family heirlooms. Not sure if this s still a thing anywhere but in the seventies I remember the Turkish family upstairs would wait until they had a few hundred extra,and dad would go buy mom a bracelet. Mom wore the family wealth. Dad had some on too. On hand is on hand.

I diversify. I hold silver. index funds. and bits.

I have no job or budget . I flea market and take care of my veteran dad. But I usually end up finding treasure someone doesn't know they have, and I have a few milk crates full of Antique's and collectibles. You would be surprised. If I had it to play with, i defintely would do some type of e currency, but I don't know think I would ever trust a bank again. Not with funds bonds futures. Nah. You haz what you hold. Grandma made it through Dresden ww2 . She taught me well.

Are you for real? This collapse has been predicted and predicted, yet nothing.

So that magically means it won’t ever collapse? They can’t do anything else anymore. QE won’t work, changing the interest rate will hyperinflate, and the economy isn’t working on its own.

It’s over. We just have to set a date for the funeral.

[deleted]

This guy gets it.

whats wrong with hyper inflation? Id love to pay off all my properties with a day's wage.

Goodbye student loans!

Yeah, I want to wake up one morning a Trillionaire!

You're exactly right, but then you can't eat because beans now cost more than your house.

Unless you're a prepper, in which case: carry on.

Me, I'm a light prepper, ~30 gallons of water (and live < 1 mile walk from one of the largest rivers in the state) and maybe 60 days of food each for me and my GF.

Didn't the Weimar Republic experience hyperinflation for a period of years?

[deleted]

Spikes mean nothing.

Gold, Silver and many other things on stockmarkets fluctuate.

Until the currency collapses, gold and silver will be worthless. The trick is to see when it will collapse. It ain't going to collapse today, or tomorrow, or next month(probably).

It wont collapse as long as Obama is in office.

Even if it does collapse. What do you think they will do? Let the country fall apart and lose all of their power?

Or use that opportunity to create a military state and get rid of any freedoms that anyone currently has?

but enslaved people do not produce as much as people who think they are free?

I do not think we will have a military state. Its very inefficient. They would rather we have the illusion of freedom so we are more productive.

It won't be possible to have that kind of government after a collapse.

That is unless people have become completely domesticated.

You are right. And that can prove the concept that there is no such thing as a free market.

If collapse does happen after that, I think a natural disaster will occur to wipe a lot of stuff away, or be used as the excuse why corrupt material cannot be found.

If any of you out there think that gold and silver is not real money and this fake fiat currency that we have is real you all are in for a very hard slap from reality my friends.

Bitcoin

Blockchain tech

Yes and yes.

Usd index is breaking through long term support right now. Definitely a good time to be buying gold or bitcoin. Believe it or not bitcoin has been behaving very similar to gold in the last 6-8 months in terms of trading against the dollar.

I feel sorry for anyone that held out in Dec when it now appears the actual bottom was hit around $15 for silver, and 1100 for gold, those already seem like bargain prices.

but remember these large increases seem to drop just as quick, if we are up $25 today we could be down $25 monday morning.

the volatility should still leave plenty of room for concern.

please remember though, prices can increase quickly and inventory can drop just as fast. There isnt enough gold and silver to go around if everyone decided they wanted/needed some

I still think Gold and Silver are bound for a further fall. I would assume that there are a lot of shorts working at the moment. Time will tell.

Less than a 2% increase. Quite a bit, but not astronomical. I wouldn't say its indicative of anything.

Looking at the past 4-5 days it has gone up almost 5% though, that's a lot for sure...

Going to do some more research to try to determine if this is due to cyclical effects or if it looks like there's actually something going on here.

There is no cycle. The gold price is "fixed". Aka manipulated.

Proof?

The price of gold has been fixed in the modern era twice daily, first at N.M. Roth s child & Sons, and now at Ba r clays. https://en.m.wikipedia.org/wiki/Gold_fixing

There is a reason Deutsche flipped on its brethren. http://finance.townhall.com/columnists/bgascmetals/2016/04/20/deutsche-bank-agrees-to-settle-gold-and-silver-price-fixing-litigation-n2150926/page/full

Deutsche may be the sacrificial lamb of the large global banks that follows the fate of Lehman Brothers. They could wind up getting 'bailed-in' at some point. This early settlement and want to cooperate could be their act of resistance.

Ron Paul predicted this a long time ago.

Do nothing. They want you to mess up your wealth by making panicked decisions based on this bread and circuses.

If you must satisfy some hoarding / prepping urge, stock up on cannabis in states where it's legal. Because if it all collapses you'll need friends and nothing is friendlier than the 420 community. That's why the fascists hate it and always have. We fucking share.

Just remember, the dollar ran up in value by a huge amount (~15-20%) in late 2014-early 2015. So this small decline should be viewed in a suitable historical perspective.

http://www.bloomberg.com/quote/DXY:CUR

Technical trader here. Yes the dollar tanked here and it's basically at last years may low. If it breaks down from this you can definitely expect that it will continue.

On the other hand however the euro and everything else (gold, bitcoin,platinum ect) that's priced in dollar will make moves upward.

I can't wait to trade you stupid fuckers a precious silver dollar for a can of Beanie Weenies or a pound of flour. When society collapses, what good is shiny metal? The powers that be need all us wage slaves "comfortable" enough to keep buying shit to support them.

I think if people are thinking of buying metals for failsafe real currency for tradeable value, they probably have spent $40 on seeds for various vegetables already.

I have a one troy ounce of silver. What's it worth now?

what ever someone is willing to give you for it and not a cent more or less.

17.85 which can be redeemed everywhere on earth in that currency. Stock market value, but ya if you ask a normal on the street they have no clue.

more

All true if pushing us to war doesn't succeed. China is stockpiling oil, all the tankers and storage facilities are full to the brim. Do you know what all that oil is once the missiles fly? It suddenly goes from $38 a barrel to $300. Martial law and a command economy, price controls, commodity and banking "czars" are empowered. Silver sales get shut down along with all strategic metals.

Oh, and all the oil speculators get rich. Nice folks, huh.

Thats exactly what I would do if I was a sociopath.

Seriously r/conspiracy? This post is just flat out wrong. The dollar was super strong late 2014 and since then has gone sideways with a lot of volatility. The dollar has weakened considerably so far in 2016, but is within a pretty normal range and nowhere near as weak as it was just a few years ago.

Source: A graph of the dollar vs. a basket of currencies that anyone can google within 1 second: https://www.fxstreet.com/rates-charts/usdollar-index/

Stop with the fear porn.

whats wrong with hyper inflation? Id love to pay off all my properties with a day's wage.

but enslaved people do not produce as much as people who think they are free?

I do not think we will have a military state. Its very inefficient. They would rather we have the illusion of freedom so we are more productive.

Proof?

The price of gold has been fixed in the modern era twice daily, first at N.M. Roth s child & Sons, and now at Ba r clays. https://en.m.wikipedia.org/wiki/Gold_fixing

There is a reason Deutsche flipped on its brethren. http://finance.townhall.com/columnists/bgascmetals/2016/04/20/deutsche-bank-agrees-to-settle-gold-and-silver-price-fixing-litigation-n2150926/page/full

Deutsche may be the sacrificial lamb of the large global banks that follows the fate of Lehman Brothers. They could wind up getting 'bailed-in' at some point. This early settlement and want to cooperate could be their act of resistance.