Deleted
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Post by Deleted on Jan 10, 2016 19:51:06 GMT 10
Precious metals and jewels as backup preps!
After another in depth talk with a friend about putting away Gold and Silver, I thought I would post it here!
I continually say you can't eat Gold or silver or precocious Stones. And depending on the scenario, only tangible goods will be more suited for trade! and how many people can afford Gold, silver maybe...
But in the real world as others have said about a cashless society, we need to be self-sufficient/Prepared with what will keep us alive!
With respect to everyone else opinion, I have done quite a bit of study on cashless society! In Sweden and other countries some businesses don't take cash, and these governments are working towards cashless economies.
In Australia the ANZ and Westpac have said that we will be cashless by 2022, that's only 6 years away. With my research I have discovered that to truly have a cashless society there will be a credit system and to make this work precious metals and jewels will have to be devalued so as to not have alternative values for black-markets and criminals to trade in, or it will be a criminal offense to own any thing of trade-able value, as in Gold or silver. Even trading/bartering services or food stuffs will be illegal. The Banks and Corporations and Governments will want total control.
Food, weapons, ammo and booze and tobacco and drugs will be trade-able, but with out the personal ID linked to a credit account you will not be able to buy or sell anything!
So for us, food and other good is what we stock up on or as the world (non preppers) say's...Hoard...LOL
That's me, what do you say!!!
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tyburn
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Post by tyburn on Jan 10, 2016 20:55:15 GMT 10
Had an enlightening talk with friends in various sectors of the economy yesterday here in China - from a junior bank manager through to a property developer's sales supervisor, a small businessman that has lost years worth of profit in the past year and an ex-military officer who has contacts at various levels of govt. My wife mentioned to them she would like to buy some gold jewelry, but they all came back with the same answer -- buy a mixture of small gold and silver bars and make sure they are easily accessible (ie. not locked up in a bank vault). Basically, all these people were saying the economy is going to be a mess for at least another 3 years in China (possibly with soceital breakdown as unemployment skyrockets), so it'll be handy to have some easily portable and convertible assets that can be exchanged for cash.
While people with the knowhow have been funneling all their money out of China (its illegal to send more than $50k overseas per year), some people have been going back to investing in property, as that is about the only asset they can get now that hopefully will grow in value. Of course, the drawback with that is that it can't be easily liquidated, unless the owner is willing to part with it at a big discount in exchange for cash.
So, the missus is finally coming round to my way of thinking - that we need to diversify, and need to invest in things that can be easily sold or traded at short notice if need be in the future. We're also looking at some rural land over the next few weeks, ostensibly for a hotel project her friend has, but also as a bolthole in case everything really goes down the gurgler and we can't get out in time.
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Morgo
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Post by Morgo on Jan 11, 2016 16:18:02 GMT 10
In Australia the ANZ and Westpac have said that we will be cashless by 2022, that's only 6 years away. With my research I have discovered that to truly have a cashless society there will be a credit system and to make this work precious metals and jewels will have to be devalued so as to not have alternative values for black-markets and criminals to trade in, or it will be a criminal offense to own any thing of trade-able value, as in Gold or silver. Even trading/bartering services or food stuffs will be illegal. The Banks and Corporations and Governments will want total control.
While I don't see the above happening I think anything that requires being traded to have useful value is useless to start with.
Gold, silver etc are pointles. If food was scarce I would not be trading a single loaf of bread for all the gold you could carry.
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Ammo9
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Post by Ammo9 on Jan 11, 2016 16:29:43 GMT 10
If anyone is wanting to buy silver, PM me.
I would rather keep it, but need to cover moving expenses that emptied my savings
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tyburn
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Post by tyburn on Jan 11, 2016 16:39:18 GMT 10
While I don't see the above happening I think anything that requires being traded to have useful value is useless to start with. Gold, silver etc are pointles. If food was scarce I would not be trading a single loaf of bread for all the gold you could carry. I also don't see the value of gold or silver if there is a total worldwide breakdown, however, if its something localized or a slow breakdown where "society" is still operating on some levels, I can see that people would want gold or silver. In our case, all these people are talking about gold as an asset that is easily carried, stored and hidden, but can be converted to cold hard cash very easily -- ie. at a bank or jeweller's. Again, I guess it comes down to what sort of "event" people are preparing for?
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