Something Big Is Coming… The Banks Have Never Done This Before

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Financial markets across the world took a crushing blow last week as exuberant investors from Asia to the United States came to the realization that the economy may not be doing as well as governments want us to believe. That something big is coming should be a foregone conclusion, especially considering that sophisticated high net worth investors are positioning themselves like never before in physical precious metals.

But they aren’t alone according to insiders like First Mining Finance mineral bank founder Keith Neumeyer and Silver Investor David Morgan. In an unprecedented move major financial institutions operating in the shadows are reportedly gobbling up silver and gold coins and small bullion bars at such extreme levels that mints in Australia, Canada and the United States are unable to keep up with demand.

“There is a hidden buyer out there who is a bank, government, or institution.”

(Watch at Future Money Trends)

Being that gold and silver are often referred to as safe haven assets, one can conclude with some certainty that someone somewhere is anticipating a serious calamity. And the fact that they are essentially making these purchases in secret adds further credence to the notion that they know something we don’t.

As we’ve seen throughout history, and most recently in Greece, Zimbabwe and Argentina, when panic and crisis are the order of the day physical assets like gold and silver become the currency of the masses.

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  • Plextt Plextt

    Damn, I’m probably going to go broke because I own not an ounce of gold or silver!

  • way2inform

    I was too broke to notice 2008. Too broke to be effected by the crash today. It’s simple really, spend your time, energy, money on experiences and not on stuffing your coffers and you will always be rich!

    • SP_88

      It’s better to cherish the experience of life. You can’t take it with you when you die.
      I only collect silver coins because I enjoy doing it. I don’t have any silver bars because they aren’t interesting and have no history. Of course I’d like to make some money from it, but profit is not what got me into it.
      BTW, the crash of 08 was something that I read about over a year after it happened. When you have no money, it’s kinda hard to lose money when the economy goes down the tubes. Maybe these banksters could learn from us. If they had no money like us, they wouldn’t have been hurt by the crash. All they have to do is give me all their money and suddenly they are incapable of being harmed by any economic collapse.
      Sounds like a good idea to me.

    • Unless you’d like to eat on occasion, and those with the food aren’t taking anything but real money.

      • Billy Singleton

        If it gets as bad as we’ve been warned, those with the food will be eating it, and what excess they grow/raise, will be used to barter for goods(things they use, not shiny baubles and metals). I think most of those who are spending money on gold and silver aren’t worried so much about survival as they are about getting rich on a crisis.

        • Anyone who buys something whose value never changes will be disappointed if the value of what they bought it with doesn’t.

    • Jay_Sherman

      My modus operandi, exactly! I value my time more than anything else. We only get so much time. Use it wisely. I see far too many people today always trading the present for “a few good years in the future”- i.e. retirement, or some such- But often they die before they retire, or their retirement fund goes bust, or what they thought would be a fortune for retirement, turns out to be a pittance 40 years later.

      Life is much more than nice things. In fact, i see so many people complicating their lives and making more work for themselves and wasting more of their time futzing with kinds of fancy things and toys, which ultimately don’t satisfy them, and which may seem sleek and prestigious when new, but are just old and common before they are even paid-off.

      Live well by spending your time wisely. Wealth is a hollow pursuit- as can be seen by the scads of super-rich celebrities and others who live their lives on alcohol and drugs, and often end up killing themselves, because even achieving the success they’ve striven for their whole lives, is a hollow feat- and you are still the same person, living in the same world, whether you’re worth a billion dollars or $1000. Driving a fancier car or living in a bigger house is satisfying….for about the first 5 minutes.

      • Carl Corey

        Forrest Gump had it right, if you’re rich then it’s just one less thing you don’t have to worry about (having money). When you’re poor, lack of money causes all sorts of problems. Try paying a property tax bill when you can hardly feed your family. It just proves we don’t truly own our homes or our land, the government does.

        • Jay_Sherman

          Yessirree bob! I moved from a part of the country where they had the highest property taxes in the country (Not that I could ever afford to own real estate there!) to a place where land and taxes are among the cheapest. Even the people who can afford to stay in my former locale, what are they going to do when they lose their high-paying corporate or civil-service union jobs? They think they have it made because they get paid $187K a year to collect tickets on the Long Island Rail Road…so they don’t mind paying $16K a year in property taxes…but when that job goes away (as it will) and they can’t even make $40K a year in the free-market…I’d like to see what they’re gonna do!

          And yes, truly, the power to tax is the power to enslave. There is no such thing as private property in the US. They can tax it as much as they want to; they can tell you what you can and can’t do on it…and make you buy a permit and get inspections for even what you are allowed to do on it. (Another reason I moved….I can handle the $250 a year taxes on my 27 acres, and it’s still pretty much free out here in BFE- no zoning or code enforcement or any of that crap- it’s almost like private property- or as close as we can get these days in America.)

          • Carl Corey

            What state do you live in again?

          • Jay_Sherman

            Southern KY. Ya want to find the good places, look for the “dry” counties.

          • Carl Corey

            No Bourbon Whiskey?

          • Jay_Sherman

            Nope….can’t even buy beer here. (Ironic, considering that the bourbon is made a few counties north of here! :D)

          • The Penitent Man

            Hmm? I’m not sure why people are so against alcohol? You’ll find it in the Bible in both positive and negative ways. As long as one drinks in moderation and doesn’t harm themselves or anyone else I do not see a problem with it.

          • Jay_Sherman

            Very true! As a libertarian, I think whatever one chooses to ingest into their own body should be their own business and no one else’s. And while I am philosophically opposed to prohibition of any kind- be it alcohol or drugs or raw milk, I do have to say that the one nice thing about living in a dry county, is that it helps keep a lot of the riff-raff out- a lot of peo0ple just won’t live here because they’d have to drive an hour to go to a liquor store or bar. And not having bars and strip clubs and such in every little town sure helps to keep these places a lot nicer than say places where you will see 4 bars in every little two-bit town. I mean, I’d never advocate/vote for prohibition, but I do enjoy the benefits of it in this regard. If I were to sit on a jury, I’d never convict anyone accused of bootlegging (or of drug possession/sales, for that matter)

          • Are you aware that the LP was co opted by republicans who were running from their party after it was coopted by the neo-cons?

          • Jay_Sherman

            Yes- but I was talking about libertarianism…not “The Libertarian Party” (Although there (Maybe some still are?) some real libertarians in it- like the late Harry Browne.

            I don’t think that there can be an organized party of any real worth, because most Americans are too far gone- They’ve ceased caring about freedom/will always choose perceived ‘benefits’ and perceived ‘safety’ over freedom, justice and truth- so any party that would have enough public appeal to be viable, would have to cater to such citizens in order to have any success, and therein lies it’s ruin/corruption.

            People always spak of “elites” and Freemasons and various conspiracies (Which all may be true to one extent or another) but the reality is, even without such things, the American public will still commit suicide/destroy our country/choose the very worst path, because they have lost their love of freedom and the principles of morality upon whichj Western civilization was built.

          • Libertarianism really came into its own as a label when David Nolan created the party in Northglenn, Colorado just north of where I had recently graduated high school. I spent several months as the sole full time office volunteer of the Colorado party in the late 80s and the mid 90’s, acting as the accidental libertarian columnist in The Colorado Statesman, which published my weekly letters for several months. I was there when Dr. Ron Paul filled the Temple Center to SRO before the election where he was the LP’s presidential candidate, after having become the successful ballot access petitioning campaign to get him on the ballot there. I remember the suits from the republican party flowing onto the membership roster and decreasing my interest in having anything further to do with them or it. Harry Browne was the last person I voted for president, the first time he ran. I recently moved to the most freedom-minded place I could find, and it is becoming contaminated, but what can we do?

          • Jay_Sherman

            ” I recently moved to the most freedom-minded place I could find, and it is becoming contaminated, but what can we do?”

            Ditto. I moved here to this relatively free very rural area from NYC 15 years ago- and you can see it going the same way as NY did a few decades earlier. I can see the changes just since I moved here- as the older generations are dying off, and the younger generation, molded by the government schools and the media reject freedom and self-suffiency, and gladly trade those things for various “benefits” to their own and their children’s detriment.

            I miss Harry Browne. I have pretty much always been a Libertarian- just didn’t realize for many years that there was a good minority of the population who believe the same things- but when I first got the internet and discovered the likes of Harry, and Murray Rothbard, et al, I was amazed and comforted to see that others had walked the same road as I did. (Ironically, Rothbard and i are from the same place- and it still to this day amazes me that a tyrannical place like NYC could still produce a few specimens who have managed to escape the brainwashing- but then again, who are more likely to realize the value of freedom than those who have been deprived of it? -much like modern-day Russians)

          • When activists from the Colorado Libertarian Party would conduct a Politically Homeless experiment at a public gathering, we would always see a cluster at the top of the Diamond Chart that would exceed those at the leftmost and rightmost positions, indicating a strong libertarian sentiment among those who took the World’s Smallest Political Quiz in pursuit of such placement. We seldom saw any action taken along the lines of membership dues being tendered, or even requests for further information.
            IMO, anyone who remains in a state where they previously resided in a metro area is failing to avoid the inevitable contagion, a result of many attempting to avoid the same thing. I don’t think there is a state east of the Mississippi that would demonstrate a different situation. After the Free State Project selected New Hampshire over Wyoming, it was little more than an indication that those in New England lacked the resolve to actually do something that would enhance their freedom. While almost the 20,000 sought have pledged to make the move, 1924 have actually relocated.
            Since many of the college-bound kids who leave Wyoming are not seen back here until after they retire, their commitment to freedom is suspect as well. I don’t really mind when public fool system graduates leave the state, because that constitutes a reduction in the contamination that I see.

          • Jay_Sherman

            Haha, yeah, ya gotta love it! Free State in NH would be like MENSA picking Liberia for it’s HQ! “Free State always bothered me from the first time I saw their website- they want it to be O-K for ADULTS to choose not wear seatbelts… i.e. they still want control over your children? You can choose for yourself, but you can’t choose for your children, but the new “free” state can? Sounds a lot like the old not-free state.

            Ah, WY.! You picked a nice place. All it’s other benefits aside, the fact remains that ya just gotta have SPACE to have freedom. The more tightly ya stack people together, the more freedom diminishes. People become accustomed to living in an artificial man-made environment- and ya end up with places like NY, where people will pay $750K for a one-bedroom apartment whose one window is 3 feet away from the deafening elevated train, and their environment consists solely of cement and cars.

            And those kids! Going into debt and wasting their time being indoctrinated instead of educated, only to look forward to a life of 9-5 in some corporate cubicle or gov’t office….just more fodder to keep the nanny-state alive and pay the taxes. Hastening their own slavery.

            Saw a video yesterday on Youtube of a 10 year-old Latin kid who could drive a semi- I mean, he shift it, and back it up with the trailer and everything…. Meanwhile, we so coddle our kids today, that they can’t do anything anymore- even when they’re 30 !

          • The kid could get a job driving for a family farm in Texas.
            I’m not sure what the issue is with respect to children wearing seat belts, but since I survived totalling my first car with nothing more than sore arms and momentarily misplaced glasses, I’ve been a dedicated user, regardless of the sensibility of the legal mandate to do so.

          • The Penitent Man

            I can see the benefit of living in a dry county. It makes sense. These things don’t have to be available everywhere. We need the rule of law. What we don’t need is government. Government is simply the most powerful gang, the gang that beat all the other gangs. We need a better system then what we have.

          • Jay_Sherman

            Very well-said!

            At least the dryness is not something which was forcefully imposed- it is something which rather is actually maintained by the consent of the majority of residents here- and those who object can merely drive 2 counties over and buy all the liquor they want- it’s not as if it’s Prohibition.

            It’s reminiscent of the way things used to be everywhere in this country, with local communities determining their own laws and standards about everything. Not that that ‘s perfect either, but at least it was gov’t from the bottom up, rather than from the top down, as it is today. (And that is an aspect of our history which they have swept under the carpet, and have kept kids ignorant of for generations now)

  • SP_88

    Why hasn’t the price of silver gone up with the increase in demand? It doesn’t make any sense that the price is this low even though there is so much demand that the mint had to stop delivery because they ran out of silver and couldn’t find any more. People are buying up all the silver coins and bars. Production is barely able to keep up with demand, yet the price is still low. The only thing that makes sense at this point is that it is being manipulated to stay low, probably by the paper market which is just a crooked operation anyway. There is more paper silver being bought and sold than there is silver in existence, so when that market collapses a lot of people will get screwed. The only real safe way to deal with silver is to physically possess it. If you don’t have the silver in your hand, you don’t have anything but worthless paper.

    • Twisting Tornado

      The price is so low due to artificial manipulation of the price. Dumping paper naked shorts on the market every day to keep the price low.

      • Dan Morgan

        Exactly, you beat me to it.

    • Mark Williams

      Agreed! The Feds are jamming down the prices of precious metal in order to make the worthless dollar look good. Your claim of manipulation & deception by the gov’t and international banksters are spot on!

    • The prices reported for gold and silver are for paper gold and paper silver, not the metal. The paper will be just as worthless as any other when TSHTF.

      • SP_88

        So when I look for the prices of PM’s how can I tell if it’s for paper or the physical metal? I didn’t know they were priced differently.

        • Buy it from a gold and silver coin seller and you don’t need to know the difference. They will never sell it to you at a loss.

    • Those who are keeping the price low through short selling are buying everything they can get their hands on before it triples again.

      • Jay_Sherman

        I used to be a commodities trader- believe me, short selling does not keep prices low. If you don’t believe me, try it yourself. The markets are based on fundamentals. If you read the fundamentals and trends correctly, you can be on the right side of where the market is going. If not, unless you have enough money to completely corner the market (as the Hunt Brothers did with silver c.1980) you’ll just lose your money, as the market goes the other way. And even if you could corner the market, as again, was illustrated by the Hunt Bros., such a tactic is VERY short-lived, and the market will merely return to where the fundamentals dictate it be, in short order. And no one (not even Warren Buffett) has enough money to corner the oil market!)

        The idea that commodity trading dictates market prices is propaganda put out by Marxists like Obozo, and propagated by the likes of the “Occupy” movement.

        • Of course, gold is either more than or not a commodity, depending on which economist you are reading, but something has to be holding the spot down since its free market price would be something well into 4 or 5 digits, according on which economist, again. What is your theory? Remember that you sit on your fundament.

          • Jay_Sherman

            There are enough “small people” in the world who buy and sell gold, that I think the price pretty much reflects the free-market law of supply and demand. The only real artifical forces which influence gold, are when the big banks and governments buy a lot of it, or dump a lot of it. Gold is more than a mere commodity- it is true money (as opposed to currency). It’s value pretty much stays constant- i.e. if you had a $20 FRN in 1920 and a $20 gold coin (1oz) either one would buy you a good suit.

            Today, the $20 FRN won’t buy you a good tie- but the 1oz. gold will still buy what it would have in 1920- a nice suit. Maybe an oiver-simplification- but it illustrates the point- gold retains a constant value.

            If gold were worth $4-5K an oz. it would be unnatural- and it really couldn’t out-pace currencies by that much, because then the very reason for people to hold it, would be gone, since it would cost an inordinate amount compared to the value of the currencies which people buy it with.

            The value of gold never really changes- it’s the currencies which vary- and if we’re valuing gold in reference to our currency, gold’s price merely reflects the variations of that currency. Know what I mean?

            Personally, I think gold is actually a little on the high-side right now (it was in a bubble a few years ago). This is because EVERYONE is buying gold- and that is keeping the price elevated a little above where it should be. When you see “everybody” doing somethinjg, it is time for you to bail and do something else, because just like the late 1920’s when store clerks and paperboys were buying stocks, it is a sign that a crash is going to come in that particular market.

            I know we’re on opposite sides here..but think about it….

            Gold usually maintains a ratio of about 1:17 with the price of silver- and right now, either gold is WAY too high..or silver WAY too low…or maybe a little of both (The ratio exists because there is about 17x more silver in the world than gold).

          • The spot price of gold hasn’t reflected the value of gold since the creation of the Federal Reserve System.
            If you can get someone to sell you gold or silver at the current spot price, you better buy as much as you can, while you can.

      • SP_88

        Would it be safe to say that the people who are manipulating the price are keeping it artificially low so they can hoard as much gold and silver as they can before the price shoots up beyond their control? Because it seems logical to conclude that eventually the price will go up no matter what manipulation they do, and they are buying up as much as they can while they can.
        And if they are doing that, it also would seem like they know that something is going to happen to the economy, and they are either preparing for it as much as possible before it happens, or they are preparing for it as much as possible before they cause it to happen. I would bet on the latter. Because anyone who has the capability of keeping the price of PM’s artificially low likely has the capability of causing the economy to collapse.

  • DisciplesOfTheWatchOBEY

    Pa? Is that you, Pa?
    It ain’t your pa! Now shut up!
    Pa, I got the gold right here, pa!
    What gold is he talking about?
    There’s no gold. He’s crazy
    The gold me and Josey robbed from the bank

    • Surveyor

      That is one of my favorite movies when there were no gays, or political correctness

      • DisciplesOfTheWatchOBEY

        “Governments don’t live together People live together”

      • Joe Blow

        “Gays’ have existed for centuries. They just hid.

        • Jay_Sherman

          Most of ’em can barely exist until age 45! Plugging the ol’ Hershey tunnel, and getting fudge on the old wong, ain’t too healthy for ya!

          The world was a lot nicer when they hid. And ditto for every other kind of pervert. I don’t exactly go around advertising my carnal desires and lusts, why should they?

          • AnotherLover

            Yes you do. You want to be attractive. Attraction is carnal. Homosexuality is “bad” because of a stupid book, period. But that book didn’t stop with name-calling. It took it right down to stone-to-death in the streets. THAT is the problem.

          • Jay_Sherman

   I don’t. I may be somewhat attractive, due to genetics and the fact that I live a clean life and keep myself in good shape so that I can enjoy good health and maximize the benefits of my ancestry (coming from a family of healthy long-livers)- But even if you disregard our Creator, fudgepackery is evil because it results in death; the spread of disease and the deterioration of society. It is an abberation and a mental illness- and to legitimize it is as sick as to practice it.

            What’s more, I find the thought of it extremely repulsive on an aesthetic level; and immoral. It’s funny how you practitioners of “tolerance” are the most INtolerant of those who don’t agree with YOUR aesthetics or YOUR values! If you want to justify men making love to another man’s poop-chute, fine…knock yourself out (or knock a turd in) but then to turn around and want to deprive others of the ability to choose what they find distasteful or immoral, makes you a practitioner of what you accuse us of.

          • AnotherLover

            When heteros are literally tortured and killed for their sexuality you will have a point. Unspeakable horrors have been enacted on the gay population for centuries. I’m not gay, so I have zero compulsion to have gay sex. Gay people feel otherwise. If it weren’t simply part of who they are, why would they face death and torture for it? As much as you’re attracted to girls, gay dudes like guys. As little as you’re attracted to men is how attracted gay men are to women. That’s just the way it is. It’s not a moral issue — unless your source of morality is not the truth itself but a book.

          • Carl Corey

            Nope, the problem is deviancy brought out into the light of day. Every nation that has ever embraced sexual deviancy has collapsed. When the family unit and the moral fiber of a nation are destroyed so is the nation.

            Homosexuality is bad because it is abnormal, dangerous, and promotes weakness. By the way, if you properly understood “the book” you’d know that people were not stoned in the streets, at least not if they were truly following the law. There had to be a trail. And being guilty didn’t guarantee you’d get the death sentence.

            As Yah said, “I desire mercy, not sacrifice.”

            I doubt most Christians want to stone gay people in the streets or anywhere else for that matter. And if they do, they better be ready to get stoned themselves because many of them are sexually immoral and are committing adultery.

            Those who are merciful will receive mercy. Those who forgive a trespass will have their trespasses forgiven.

            These are very simple principles to grasp.

          • Jay_Sherman

            Good post, man- but i think you have a wrong understanding of mercy. We are not supposed to show mercy to the wicked. We show mercy in more minor personal offenses…not in capitol crimes -otherwise we’d have an unjust system (like what we have now) where some get off easy for major crimes, while others suffer for trivial things, because justice becomes discretionary.

            And hey, I’d love to see those f a 66 ots stoned! Remembher Sodom and Gommorah- God had mercy on the decent (but far from sinless or perfect) Lot and his fambly…but no mercy on the perverted purveyors of death.

          • Carl Corey

            I get your point. If you believe the bit about Yahushua (Jesus) saving the adulterous woman from getting stoned to death then that kind of throws a ratchet into at least half your theory, doesn’t it? Adultery was a capital crime but definitely not on the same level as murder. So Jesus was judicial in His mercy.

            I agree with you overall. But who decides who is wicked? Is there a specific thresh-hold in which a person becomes wicked or does it just take one sinful or unlawful act? We tend to think in terms of murder or child molestation as being wicked but not necessarily sexual deviancy like homosexuality, i.e., meaning I wouldn’t put anyone to death over such a thing.

            We have to live two lives in America, one spiritual and one civil. The laws are supposed to be equal for everyone (they aren’t currently). I don’t want to live under a man-made theocracy, do you?

          • Jay_Sherman

            Think about it a minute: The Scribes and Pharisees were always trying to entrap Jesus. They brought that woman to Him, but where were the witnesses? And where was the man she committed adultery with, who was also worthy of death? Under those circumstances, had Jesus condemned her, He would have been in violation of the precepts of the law.

            And what’s more, He came to give us a new start- another chance- that if we believe, we may be cleansed of our sins, and essentially have another chance- like starting over with a clean slate- Only God can forgive sins- Jesus was God in the flesh.

            We are told in the law that we are not to have respect of persons- and are not to deviate from God’s commands to the right hand nor to the left. If we could just willy-nilly choose to impose or not impose God’s judgments, it would constitute injustice- as some would be killed, and others would get off for the same crime- so in essence, we’d have to let everyone off…and thus there would be no justice- we’d be negating God’s judgments.

            As for a theocracy- I agree with you there. Believers should abide by God’s laws, but God is not yet imposing those laws on the world- and we today do not have the authority to impose them- But Jesus is coming, and at that time He WILL enforce those laws, and it’ll be a great thing.

            Funny though: All man-made laws are also statements of their own philosophy and values and morality (or lack thereof)- It just comes down to whose standard of morality you’re going to follow- God’s, or man’s.

          • Carl Corey

            Well, I’m not sure Yahushua was “God in the flesh”, at least not in the way I think you understand it. I believe He was given the authority of the Father by the Father, which makes more sense and doesn’t cause theological problems in the process. The Torah and the Ketuvim Netzarim are, shall we say, a bit ambiguous in some areas. There is definitely a distinction made between Father and Son (Psalms II is a good example but there are more).

            By the way, I brought up the adulterous woman for two reasons, the latter being that that passage is not found in the earliest codices. As for the fresh start, yes and no. Technically it would have been the Kingdom of Heaven on earth if the Jews would have corporately accepted Him as the Messiah (per Daniel’s prophecy). But since they corporately rejected Yahushua, both the Sanhedrin and the majority of the Jewish people, their house was left to them desolate.

            (People also forget that in the book of Acts, after Jesus’ ascension, tens of thousands of Jews became believers and followed Him, just thought I’d mention that often forgotten little fact).

            As for what you wrote here:

            “We are told in the law that we are not to have respect of persons- and are not to deviate from God’s commands”

            That brings up a whole slew of problems for us. Do we keep the seventh day Sabbath? Do we follow the commands given to Moshe by Yahweh? Or do we just abstain from the four commands James gives us in the book of Acts? As you know we now have Christianity and Hebrew Roots followers of Yahushua, who interpret and follow Jesus differently then traditional Christians do. So when you write to me about laws and commands I wonder exactly what you personally mean?

            I agree, no theocracy because it would be a theocracy based on what men believe to be right, not what our Creator knows to be right. When the Son returns we will have a theocracy, and a righteous one at that.

            Interesting closing statement by you. Hence me mentioning how Christianity is in a state of flux by way of the Hebrew Roots movement and the Protestants moving back towards the Catholic Church. Even the Seventh Day Adventists have been meeting with the Vatican and seriously talking about reunification or ecumenicism, just as have the other Protestant churches.


    • Carl Corey

      The Outlaw Josey Wales, what a great scene. (I thought Clint said “I ain’t your Pa”?).

  • Helix Powers

    sounds like an infomercial to me

    • Jay_Sherman

      That’s what I think 95% of these “articles” are- which is why I believe metals are in a bubble. If I want gold (which will only be a way to preserve wealth over the very long-term) I’ll wait till all those who bought in the bubble are selling it for pennies on the dollar on the street corner so they can buy food and gas. Our cash will likely be worthless 40 years from now…but when “TSHTF” it’s going to be king for quite a while.

  • Dan Morgan

    Since 08′, the money that used to go into my 401k has gone into physical precious metals.
    My Grandad told me years ago that you can’t trust banks. Wish I had listened sooner.

  • Nabi

    Hurry up and buy some gold and silver from the fat cats who are selling it. So, why is anyone selling gold and silver if the value is going up? Or if we are heading back to the “Dark Ages” you might want to run out and stock up on tulips and salt which were more valuable than gold in the past.

  • Rob from Rigel VII

    Wait, Safeway accepts payment in brass and lead?

  • Eric Blake

    If you don’t have any gold or silver, you may want to look up the “bail in rule” and then go buy some. Your deposited bank cash is no longer your money.

    • My bitcoins will ALWAYS be my money!

      • sunshine

        But what if you can’t access them? Like, if there’s an EMP and all the computers go out?

        • They’ll be safe until I can 🙂 I’ll be using ammo for money then…

          • Any ammo that you don’t already have, you’ll have to take off enemy bodies.

          • I am hoping I won’t run out but yes, I am buying weapons that will work with their ammo also.

          • When I was standing the gun store trying to decide whether to buy a Glock (which I’d already nailed down) of .45 or 9mm (my two choices), I close the latter for two reasons. It gave me five more chances to hit the target than the other, without reloading, and the military had just announced their decision to switch to 9mm from .45, and I had already received the lesson of the Liberator pistol.

          • Flawless logic and thanks for the advice, I’ll do the same now. I have much to learn from you guys on here, that’s why I hang around.

      • Whacha gonna do when the networks are down?

      • Joe Blow

        Bless your heart

      • Jay_Sherman

        Bitcoins have ni inherent value. They’re just like any other currency- only a little more reliable, since they aren’t issued by corrupt politicians.

  • Can you buy food with brass and lead, or are you one of those who we will putting the lead into before we reload the brass?

  • This article doesn’t mention anything that smart bankers haven’t always done.

  • This just in from Casey Research:

    Saudi Aramco is Saudi Arabia’s government-owned oil company. As the world’s largest oil company, it owns the biggest oil fields in the world, and produces 13% of the world’s oil. The Saudi government has controlled the country’s oil industry since the 1970s.

    Last week, Financial Times reported that Saudi Arabia is considering an initial public offering (IPO) for Aramco. An IPO is when a company sells shares to the public.

    According to Financial Times, an IPO would likely value the company “in the trillions of dollars.” To put that in perspective, Apple (AAPL), the world’s largest publicly traded company, is worth just $538 billion. Some estimates put the value of Saudi Aramco at more than 10 times that of Exxon Mobil – the world’s largest publicly traded oil company.

  • Terry Russell


  • AtomicMetroid

    In the 3rd year after a collapse…..lets see what will be worth more; A shiny piece of gold or a cigarette lighter.

  • walcon

    Let them eat their gold. It won’t keep you alive when there is no food or water or doctors or medicines or protection from the armed groups that you will encounter.
    “The living shall envy the dead.” In many cases, this is already true today.

  • the one

    Better to invest in lead. With lead you can get all the shiny things you want and more, when times get tough. lol

    • Tom

      People with shiny things can invest in lead, too. What you’re going to get with your lead and your attitude is dead, by about the third home you try to invade.

    • disqus_q0fJBDaGHm

      is that a red dot on your helmet?

      • the one

        Sorry boys there will be plenty of fat unarmed liberals to feed me. Good luck melting your pretty St Goudens coins into bullets.

  • Jay_Sherman

    Precious metals are in a bubble right now. It is not the time to buy. When “everyone is doing it”, it is too late to get in- just like the stock market before the crash of ’29. Everyone’s buying gold and silver now. When that buying slows, -or worse, when the paper economy crashes and people will be looking to liquidate their metals to use as currency to survive on….it is going to be a buyer’s market.

    There’s really no way to preserve wealth in an economic collapse, unless you and your wealth reside in a country which isn’t affected byt that collapse- which is a hard thing to do since they erected a “global economy”.

    Even land/real estate isn’t safe- because it can be taxed into oblivion and controlled and manipulated by politicians who do not own it.

    I won’t make recommendation to others on this one- but me? I’m holding a lot of cash. Yeah, it can become utterly worthless…but on the other hand, so can everything else denominated by it- and if the past is any indication: Cash was king after the crash of 1929- Gold may have held it’s value for those who held it long-term after “the recovery”, but cash was king for at least the 10 years after the crash- and bear in mind, that this time, there will be no recovery.

    Never follow the herd. Now the herd is buying gold and silver. I’m taking my chances with cash. Aftyer the crash, cash will again be king. Those people selling their cars and houses for pennies on the dollar after the crash of ’29, they didn’t want no gold…they wanted cash.

    I have a feeling we are going to see people on street corners trying to sell their gold for pennies on the dollar.

  • Jay_Sherman

    And remember what the US government did to gold after the crash of ’29? Even if you hid it so that it didn’t get confiscated…good luck trying to spend it! -And not to even mention how they made it near worthless in one day. There’s nothing to prevent that from happening again.

  • Spiritof76Revisited

    My concern is that I have seen so money articles like this, and almost all of them are from parties that are trying to sell gold. It may be true, but if it is, and I know it may be, assuredly it is too late for the average person to take significant action. The best thing is for the small investor to NEVER get involved with these markets. They are nothing but modern day money changers, and what that means is that the average person gets SHORT CHANGED. Buy food, medical supplies and LOTS of ammunition and arms. That will be all that counts if things really go south.

    • Jay_Sherman

      Yes! And just think (speaking of money-changers) after the commission when you buy, and the commission when you sell, someone who bought gold when it was <$800/oz. would barely be above water at today's price- Like most things, it only looks good on paper. Metals are good to preserve wealth in the very long-term…like if you have enough money to worry about where it's going to be 40 or 50 years from now…and have a reasonable expectation of still being alive then…but for the immediate future, and/or when TSHTF, metals will likely be near worthless.

  • Sam Nelson

    I have been reporting on the fact that the Rothschild family has been busy filling their many and very spacious vaults with gold for a long time, keeping the price low so they can get it all and get it cheap, the Rothschild’s are in position to cut their ties to the world and watch us sink into misery and despair. Having manipulated the world’s affairs so people today don’t really know which end is up, the criminal gang Rothschild intend to sit back and watch as we lower our populations ourselves. War and disease, is going to hit us and soon like a ton of bricks.

  • Artemis

    I look around, everyone is busy mortgaging real estate, snarfing down debt, financing luxury vehicles. Everywhere I see signs, “We buy gold!”, everyone is selling their gold. The general public isn’t buying.

    People are too stupid to see their government is throwing them under the bus.

    • Jay_Sherman

      Good points- especially about the debt. People NEVER learn. The “We buy gold” thing, though, I think is more about these little shops buying junk gold- old jewelry and stuff, 14K and the like, for scrap price; then they turn around and sell half of it as antiques/jewelry, or melt it down and make new jewelry out of it, which is a lot cheaper than buying gold to melt.

      I remember, c. 1980, my aunt walks into a shop wearing my grandma’s 100+ year-old Italian gold whatever-it-was. The counter guy makes her an unsolicited offer of $60 (and at the time, gold was like $230/oz)- whereas just the antique jewelry value of that piece probably at least $700.

      Yeah, I’ll buy gold too…for scrap price….

      Oh, and keep in mind, that whether one is talking gold or stocks, or whatever brokered commodity….regardless of the market and it’s winners or losers, the broker ALWAYS wins.

  • Tom

    In the final blow-off hyperinflation I expect store owners to be delighted to see any silver or gold come through their door, rather than the fiat paper they know will lose another 10% value overnight. Unfortunately for them, that’s when they’re least likely to see PM’s on the street due to Gresham’s Law (“bad money drives out good” because people ditch their declining fiat as fast as they can while hoarding anything of value that isn’t dropping. This is a good place to plug the book _When Money Dies_ as the most readable thing in print about what happens in a hyperinflation.

    • Jay_Sherman

      Hyperinflation is an assumption though. Fact is, it’s not likely to happen in the short-term, in a large empire with a worldwide currency (More likely to happen to a smaller nation with a purely local currency)- Just a gradual inflation, or even defaltion, I think is more likely to occur. I think if there were going to be hyperinflation we would have had it by now. And hyperinflation is pretty much ruled out entirely if we have a sudden crash, as opposed to just gradually fading away.

      And even if there were to be hyperinflation, since it would be on such a large scale, with the US empire being so big and it’s currency encompassing so much of the world, there is no guarantee that gold would keep pace under those circumstances….as those circumstances are quite different than those of the Weimar Republic.

      Just something to think about.

      • Hyperinflation is guaranteed if they succeed in outlawing cash.

    • How is that going to work if deflation precedes hyperinflation as it did in the Great Depression?

      • Jay_Sherman

        We did not have hyperinflation in the US during the Depression. We had some bubbles BEFORE the crash- in things like real estate- just like we have now. Then the crash, and prices stayed depressed for quite some time- not to mention the Fed goons out-lawed gold, and then bought it all up for a fraction of what it had been worth before their law.

        • Gold wasn’t bought, it was confiscated, the 25% that they suckered Americans into giving up. The rest of it and the silver circulated in the black market as the cash that was king. Hyperinflation is a highly subjective term, and deflation was the more common reality, as it is about to become again, especially if they outlaw cash. Tell us what you think about Bill Bonner’s

          • Jay_Sherman

            Hyperinflation is what happens in Brazil or Argentina, where the price of something goes up 6,000% overnight. Hyperinflation here would be maybe 14-20% in a year. (Still would suck, but it’s not really hyperinflation). I’ll have to look at the dollardownfall thing (Should be interesting) but i do believe the dollar is going down- as is the American empire. Our economy and our current culture is unsustainable.

            You can be sure too, that if they outlaw cash, they will include gold-as-money on the verboten list too- probably “regulate” it, like they do to everything else.

            Hope it takes a while longer….my mother is 91- when she’s gone, I’m out of this Nazi effed-up country. No sense sitting on the deck of the Titanic as it’s about to hit the iceberg. There’s really nothing left here. Find an out-of-the-way place in the Third-world.

  • Carl Corey

    “when panic and crisis are the order of the day physical assets like gold and silver become the currency of the masses.”

    Yeah, bullshit. Over half of Americans don’t even $500.00 in their bank accounts or elsewhere for emergencies, much less “gold and silver” which are luxuries for those preparing for An economical downturn or collapse. The great majority of use will be left out in cold as usual.

  • Carl Corey

    I thought our dollar was based on oil (petrodollar)? Apparently we forced OPEC to not accept anything but dollars for oil which in turn artificially props up our dollar. Supposedly we invaded Iraq because Saddam was selling his oil for Euros. Same thing with Qaddafi (though he was creating a North African Federation with the gold dinar). Any nation that goes against the new world order has trouble knocking at their door.

    From what I can tell (without gold or oil) our government corporation backs their financial instruments on our labor (we’re chattel property). All this started in 1871 and came to fruition in 1933 with Roosevelt’s new deal, when they confiscated all the gold (or as much as their greedy little hands could lay hold on). Then later we went totally off the gold standard in 1971 during Nixon’s Presidency.

    Funny, it seems like world wars are cyclic. We’re due for number three any day now. Some believe 2016 will be the year. All of the actors are in place for a prefect storm to occur.

    • SonsofAnarchy5768

      But did you know before the fed there was no such thing as a world war~

      • Carl Corey

        Yup, know all about the Fed and how it came to be. I was being a bit facetious when I said “I thought…” then yadda, yadda, yadda. Then I wrote some very noteworthy facts that describe fairly accurately how we got into this mess (though I should have mentioned how Americans were tricked into changing their political status by becoming 14th amendment “United States” citizens in which we traded in our rights for benefits and privileges).

        We’re really, really, really, really screwed.

      • Are you talking about the fed or the Fed?

  • Anothereno

    I have a few pounds of silver, not the weight the currency ^__^

  • David Stanley

    1 apple from my orchard for 3 oz of gold 1 potato from my farm 2 oz gold best get a lot of that shiny metal friend

  • Smedley Butler

    Bitcoin out performed every currency and precious metal last year.

  • disqus_q0fJBDaGHm

    It is not about getting wealthy, it is about preserving the purchasing power of your hard earned money.

  • disqus_q0fJBDaGHm

    Got gold?

  • Ch J explains it all.

  • Bill Ross

    …well, the grim reaper of “Mathematics of Rule” explains WHY and what

    actions lead to what consequences:

    unfortunately, reality (natural law, relating action to consequence) is “beyond the flock” until denial ceases to be an option. Then, it is as always, “adapt or die”.

  • Helix Powers

    Get as much as you can before it becomes a crime

    • Jay_Sherman

      If/when it becomes a crime, then it would essentially be of no value, for the time being. Like I said in other posts….it’s good if you have a LOT of wealth that you want to preserve long-term for the future…..but for the average person as currency to survive on in the breakdown of society….T’aint gonna work. Cash and real-life commodities will be the ticket for that.

  • Ed

    One of us needs to change our name. You’re making me look like an ass.

  • Mark

    Gold and Silver is the only real Money, everything else is just currencies.

    Something free of government interference, something with intrinsic value, Gold and Silver still serve this purpose.

    I don’t like the track record of fiat currencies, why should I???

    Every fiat currency of the past has failed bar none.

    • Jay_Sherman

      Trouble is, in a world which no longer uses real money as currency, metals can be artificially manipulated, too- a la what the Hunt brothers did to silver c.1980. In this idiotic debt-based fiat-currency “global economy”, everything is relative. Gold could be worth $100,000 an ounce one day….but in that day, $100K might not be worth a loaf of bread.

  • You are going to feel pretty stupid when your plastic stops working.

  • Better not eat it then.

  • If you are going to use brass and lead to “buy” food, maybe you should buy a burial plot first.