Seems every third commercial on the TV is about “adding gold to your portfolio.” Gold and other precious metals – silver, platinum, tin, copper, nickel and others are traded commodities.
One can actually own physical gold, silver and others or can own stocks that are invested in precious commodities. I have always wondered about that. Does one actually keep the gold or silver ingots at the house? Stash them in the bank vaults in one’s safe deposit box? Sounds sketchy to me.
Gold is somewhere around $1000.00 an ounce at present. So it would seem comforting to have physical possession of the ingots, but that can be problematic in the extreme.
If one stores the precious metals in their home, safe or not, they can be stolen. Thugs find out one has a few ounces of gold in the little safe and that sounds like a scenario for disaster. But is keeping it in a safe deposit box any better?
Let’s think and extrapolate for a second or two. The primary reason for owning gold and other tradeable commodities is they have an intrinsic value in and of themselves. The dollar could collapse tomorrow and the paper bills would be worthless or nearly so. But not so with commodities. In fact, they would drastically increase in value.
If every nation’s monetary system collapsed tomorrow, commodities would be the currency of the future. So the holder of precious metals and various other valuable commodities would be fine. But a one ounce gold ingot would be worth a fortune. If one had to barter and trade for goods, what would one take in change for a $1500.00 – 2000.00 hunk of gold? I mean if one buys $100.00 worth of something in trade for the gold ingot, how does the seller make change as it were?
For this instance silver ingots would be better and more easily used as currency. And has it dawned on anyone else if a sudden emergency occurred and the banks had a run on them, what has happened historically in these situations? The banks LOCK THEIR DOORS! So, in a fiscal nightmare does one want their fortune behind locked doors that one cannot possibly access?
Of course my proposed scenario is highly unlikely, and that’s a good thing. But yesterday the dollar fell to it’s all time low against the Euro; there is chat of taking the world OFF the dollar as the currency of international trade. Were that to happen the confidence in the dollar would farther erode, thus compounding the problem, as the dollar would begin a free fall to who knows where?
Having the actual possession of tradeable metals and commodities would see one be as well off as any could hope to be, given the realities of such a horrid future event. What good would $5,000,000.00 cash in a bank account be? One could not access it, and even if they could all one would get would be rapidly declining in value paper currency. In fact if Weimar Germany and current Zimbabwe are any examples, the money would be worthless by the time the owner could get home with it.
So folks, I say smart peeps will go to the bank and turn some of your cash savings into gold and silver – coins will work just fine., In fact I heard the other day a quarter is worth about $3.00 in the metals it holds. I have thousands of dollars in my safe in quarters and dollar coins.
Now obviously I hope everyone does not do as I do, but if a quarter is really worth $3.00, seems I win. I have so many rolls of quarters I can’t even tell one how much I have on hand. If each quarter is worth 12 times it’s face value, I am rolling in it, as it were.
Of course there is one other method, and if one asks my crazy ass, it’s every bit as valuable as are gold and silver coins.
I SAY BUY LEAD – LOTS AND LOTS OF LEAD!
Lead is the most valuable of all commodities friends. With a sufficient amount of it and the will to use it for its intended purpose, one can acquire any damn thing they want! Just last weekend I went to the gun show and acquired a bunch of it, and when added to my current stash of it and the other precious metals I possess, I am likely the richest cat a bunch of y’all even know.
I have untold riches in metal currencies and with all the lead I have . . . well, imagine a future thus far unimaginable. With my stash of lead, and with civil order gone, and let the dollar collapse and see that is what happens, seems I will be sitting pretty.
I have the precious metals that would become the only accepted currency, and to top it off, if that ran out I could use my lead to reacquire all the other precious metals I desired! Remember, this nation lives on credit and promises. Destroy the dollar, destroy credit, then the system collapses.
As well, did anyone hear the organization that grants nations their credit ratings says the US has little time to get our financial house in order or we will lose our stellar credit rating. That happens and watch the dominoes fall folks.
Not that I hope for any of this, nor do I actually think these things will manifest, or so I hope.
But like any good Boy Scout, I am prepared. I would truly rather have a gun and not need it then need a gun and not have it, and without all the metal the gun uses, what good is the gun? So I am a good little scout.
I possess the tools and the WILL to see my way through whatever may come. Stock up on lead. It’s still reasonably cheap. The last case of 1000 rounds for my AK47 cost me $185.00, 18 months ago. Over the weekend the same case of ammo cost $239.00! Sounds like a real good return on my investment thus far, no? Way better then you’ll get in a bank, stocks or real estate.
Oh, I almost forgot to brag – I picked up ANOTHER AK47 too! Can never have too many AK’s or them little lead thingies the AK uses. Seems with enough of the right metals come what may, I will be fine. Some of the rest of you are gonna be in sad, sad shape. Oh well, I tried to tell ya, but why bother listening to anything that crazy idiot Whiplash says, right? He’s a fool of monumental proportions!
But his feces are wired tight and if the worst happens, he will be grinning, comparatively to most of the rest of ya, so . . . laugh if one must. I will be!