4
9

[–] wrok-wrok 4 points 9 points (+13|-4) ago 

If you can't hold it; you don't own it.

Make sure you have a good amount of precious metals, cryptocurrency, and cash on hand for when SHTF.

1
16

[–] Caesarkid1 1 points 16 points (+17|-1) ago 

If you can't hold it; you don't own it.

Make sure you have a good amount of precious metals, cryptocurrency, and cash on hand for when SHTF.

You are using these words and I do not think you know what they mean.

1
14

[–] wrok-wrok 1 points 14 points (+15|-1) ago 

You can hold your own private keys.

Lots of people store their crypto on exchanges, or with 3rd parties who act as custodians for their keys. Should the site go down, you're SOL.

2
10

[–] EdSnowden 2 points 10 points (+12|-2) ago 

If shit truly hit the fan, brass will be worth a whole lot more than gold.

1
2

[–] voats4goats [S] 1 points 2 points (+3|-1) ago 

^This precisely. Gold ain't going to defend your homestead & hunt for food

0
0

[–] XSS1337 0 points 0 points (+0|-0) ago 

https://www.cheaperthandirt.com/

Ever-Body do the dinosaur !

[–] [deleted] 0 points 6 points (+6|-0) ago 

[Deleted]

0
2

[–] CobraStallone 0 points 2 points (+2|-0) ago 

but gold will be all but useless until things calm down again.

Not true. People see paper money from a collapsed government and they don't know if it's going to be worth squat some day. Gold has weight to it, you could feasibly trade gold for goods. I've read about it I think in the context of the Yugoslavia Wars.

Now, you would probably be forced to barter with it far below it's market price, but who doesn't want gold chains and rings in exchange for lighters, food, or ammo, if you have a surplus of the latter?

0
1

[–] Mylon 0 points 1 points (+1|-0) ago 

Cigs go stale. Or I totally would buy a stash for a SHTF barter situation.

0
1

[–] autoencoder 0 points 1 points (+1|-0) ago 

In theory, crypto protocols can run over carrier pigeons. But I think transaction fees will grow quite a bit...

0
1

[–] WhyNoDonuts 0 points 1 points (+1|-0) ago 

Hells yeah for SHTF cryptos. Such a dumb idea! Having soome actual currency would work better at first.

Add too your already good trading list: Vinegar, batteries, food, coffee filters,, carrot and zucchini seeds,, cannabis seeds,, tobacco seed,, condoms,, simple tools (hammer, screwdriver,, pliers,, hand saw), garden tools (hoe, shovel, garden weasel),. And a hundred plastic buckets with lids.

Having a cat might be a good idea too! But you need meat to feed it

0
3

[–] voats4goats [S] 0 points 3 points (+3|-0) ago 

You have to be careful buying Physical gold even more so

If it truly SHTF, the most precious metals won't be gold and silver but brass and lead

0
0

[–] Doglegwarrior 0 points 0 points (+0|-0) ago 

Why lead? Brass I understand? Ohhh lead is the actual bullet

0
0

[–] mostlyfriendly 0 points 0 points (+0|-0) ago 

Don't disagree with your second point, but on the first:

IMHO, all the articles about 'fake gold' from retailers are fake news to create FUD. They are designed to scare away people from gold holding. They seem to always pop up when gold is in the news or when there is a crisis brewing.

On a global level (level at which nation states play games) Gold/Silver are the Achilles' heel of the Rothschild bankers. There is a reason that China is the largest producer of gold but never allows it's gold to leave the country (on any scale that matters ... not talking small coins). Likewise, Russia and other states are buying gold as fast as they can.

Bottom line:

  1. If you don't have >$10K to spend, don't buy Gold. As you said, stick to guns & butter.
  2. If you do buy gold, go with a major retailer .. not a local pawn shop.
  3. If you do buy gold, don't buy large 10 oz bars. Buy small coins or similar. IF they are fake, it more work to fake lots of little coins then it is 1 large coin. (1/10 oz gold Buffalo's are great for this.)

0
0

[–] Le_Squish 0 points 0 points (+0|-0) ago 

I 've heard too many rumor about even mint packaged gold quality. I'm staying away.

0
3

[–] BLOODandHONOUR 0 points 3 points (+3|-0) ago 

This thread is strange... the top comment only has 5 points right now with 125 comments and almost 6 hours?

0
2

[–] MinorLeakage 0 points 2 points (+2|-0) ago 

Like /u/tossyokeys mentioned, lots of long discussion on semi-related topics. I read almost everything but forgot to upvoat anyone. It is a weird thread.

0
0

[–] voats4goats [S] 0 points 0 points (+0|-0) ago 

I'd upvoat them more but I regret that I only have one voat to give to my country.. err voat poster replies. ;)

Yeah it is kinda strange but then again there's a thread about some civilization needing gold to spray into thier atmosphere so there you go.

Guess people are focused more on the discussions versus ccp? Kinda how it should be no?

0
0

[–] BLOODandHONOUR 0 points 0 points (+0|-0) ago 

Guess people are focused more on the discussions versus ccp? Kinda how it should be no?

Yeah but this is not usually what I see.

0
1

[–] CheeseboogersGhost 0 points 1 points (+1|-0) ago 

All the goyim should come together and round up every last jew and put them in hard labor camps

0
1

[–] Duncantheznuts420 0 points 1 points (+1|-0) ago 

It was formerly held on the premises of Nathan Mayer Rothschild & Sons, suspicious?

0
1

[–] SquarebobSpongebutt 0 points 1 points (+1|-0) ago 

This is nothing new. When currency was backed by gold it basically meant the government was setting the price of gold too. An ounce of gold was basically $20 form the 1790's until 1932 (aside from the Civil War period where it skyrocketed to almost $50 an ounce). Until the US came off the Gold Standard officially it never went above that Civil War mess again.

0
1

[–] WhyNoDonuts 0 points 1 points (+1|-0) ago 

About five years ago the London Fix folks announced they wouldn't be making their interbank gold futures deals between themselves public any more. Unlike markets where options and derivatives trading are public,, they literally decided to bet on the future price of gold secretly between themselves. One bank could put another Inte red and we wouldn't know until bankruptcy papers are signed.

Buy real gold coins. The value of gold depends on a paper market,, but we are not far from small-operation placer gold claims prices (like on TV, gold rush and others) Their cost depends largely on the price of fuel,, but $800/oz is a fair cost oof production after everything is paid for. Mines probably run at 600-700 and far less if in china.

0
1

[–] tagarouco 0 points 1 points (+1|-0) ago 

You are still free to trade gold at the price you want, as long as you find someone that accepts the deal. What this meeting does is fix a Gold Price Index: suppose I have a contract with you, stating that I have to pay you the US dollar equivalent to 1 kilo of gold. But because people are free deal with gold at the price they want, how much should I pay you? Do I just find a gold dealer and ask him the price?

The way to solve it is to use an index for the price of gold: the contract says that I have to pay you using a given index. Saying how much is the index for a day is what this meeting does.

Of course, you are also free to make a contract specifying another index for the price of gold.

0
0

[–] voats4goats [S] 0 points 0 points (+0|-0) ago 

Sure the meetings set a base price for negotiation, but how do we know they are acting in good faith? We don't

0
1

[–] tagarouco 0 points 1 points (+1|-0) ago 

Indeed, never said this can't be used to manipulate the index, and the Libor scandal is proof of that. There are possible mechanisms to prevent that, don't know if it is the case with this gold index.

I made the comment more because the op and others in the thread seems to thing this meeting was "fixing the price" of gold everywhere and that everyone were forced to use this price.

0
1

[–] voats4goats [S] 0 points 1 points (+1|-0) ago 

The London Gold Fixing (or Gold Fix)[1] is the setting of the price of gold that takes place via a dedicated conference line. It was formerly held on the premises of Nathan Mayer Rothschild & Sons by the members of The London Gold Market Fixing Ltd.

The benchmark is determined twice each business day of the London bullion market (the exceptions to this being Christmas Eve and New Year's Eve when there is only one fixing in the morning). It is designed to fix a price for settling contracts between members of the London bullion market, but the gold fixing informally provides a recognized rate that is used as a benchmark for pricing the majority of gold products and derivatives throughout the world's markets. The gold fix is conducted in the United States dollar (USD), the Pound sterling (GBP), and the Euro (EUR) daily at 10:30AM and 3PM, London time.

The current participants in the fixing are Barclays, the Bank of China, Bank of Communications, Goldman Sachs, HSBC Bank USA, JPMorgan Chase, Morgan Stanley, Société Générale, Standard Chartered, ScotiaMocatta (Scotiabank), the Toronto-Dominion Bank, and UBS.[2]

0
1

[–] Naught405 0 points 1 points (+1|-0) ago 

jpmorgan chase owns half of the silver in the world, also its historically undervalued compared to gold (81x compared to 36x average), also its the most industrial consumed precious metal leading to lower bullion increase each year than gold in actual numbers. also it's been priced less than 20$ since mid 2000s with only one correction in 2008-9 (45-75$/oz for a few months) that was suppressed quickly by their huge reserves.

load more comments ▼ (5 remaining)