To All,
The investment in precious metals is an excellent idea to counterbalance a failing stock market OR to carry asset value through a catastrophe.
Anyone that believes otherwise is being tremendously naive.
Can we eat silver? No.
Can we stop a bad guy with silver? No.
But so what? Providing you have adequate basic supplies to survive a crisis eventually normalcy WILL return, and then the survival equipment will be nearly valueless because everyone has it!
When normality, or a new normal, is restored the precious metal will be of extreme importance to rebuilding wealth and stability.
Case in Point: A friend of mines grandmother was German in WWII. After the war the German currancy and economy was in complete ruin. You didn't value a rifle at all because they were laying all over the place. You could get a loaf of bread for a luger, maybe!
However, his grandmother had, before the war went south, traded and hoarded a LOT of gold! They were on a farm and everyone paid them in gold because that was something they asked for. After the war and during the time of chaos the gold was kept neatly stored in a linen closet. Then, as things began to stabilize and the economy normalized the gold was brought out - slowly - and used to quickly rebuild the families wealth. They started the first clothing store in their town and had everyone else cut off at the knees because they had a valued asset to acquire sewing materials with - GOLD! K98's were worthless. 8mm Ammo worthless. Food could be traded but so was gold.
Gold has held value in western civilization for over 3,000 years. Silver too to a lesser degree. The myth that gold won't have value is just that - MYTH!
Acquire enough food and resources to survive a collapse! Once that is done acquire enough precious metal to retain and rebuild what you have once the rebuilding begins!
Finally, what if NOTHING bad ever happens? Proper planning assumes all possible contingencies, and one (1) contingency is - the world will continue as it is for the remainder of our natural life. In that case everything besides firearms will loose value, and while precious metals MAY loose value the likelihood is that they will increase in value. They simply may not increase as much as other investments.
Regards,
Doug
The investment in precious metals is an excellent idea to counterbalance a failing stock market OR to carry asset value through a catastrophe.
Anyone that believes otherwise is being tremendously naive.
Can we eat silver? No.
Can we stop a bad guy with silver? No.
But so what? Providing you have adequate basic supplies to survive a crisis eventually normalcy WILL return, and then the survival equipment will be nearly valueless because everyone has it!
When normality, or a new normal, is restored the precious metal will be of extreme importance to rebuilding wealth and stability.
Case in Point: A friend of mines grandmother was German in WWII. After the war the German currancy and economy was in complete ruin. You didn't value a rifle at all because they were laying all over the place. You could get a loaf of bread for a luger, maybe!
However, his grandmother had, before the war went south, traded and hoarded a LOT of gold! They were on a farm and everyone paid them in gold because that was something they asked for. After the war and during the time of chaos the gold was kept neatly stored in a linen closet. Then, as things began to stabilize and the economy normalized the gold was brought out - slowly - and used to quickly rebuild the families wealth. They started the first clothing store in their town and had everyone else cut off at the knees because they had a valued asset to acquire sewing materials with - GOLD! K98's were worthless. 8mm Ammo worthless. Food could be traded but so was gold.
Gold has held value in western civilization for over 3,000 years. Silver too to a lesser degree. The myth that gold won't have value is just that - MYTH!
Acquire enough food and resources to survive a collapse! Once that is done acquire enough precious metal to retain and rebuild what you have once the rebuilding begins!
Finally, what if NOTHING bad ever happens? Proper planning assumes all possible contingencies, and one (1) contingency is - the world will continue as it is for the remainder of our natural life. In that case everything besides firearms will loose value, and while precious metals MAY loose value the likelihood is that they will increase in value. They simply may not increase as much as other investments.
Regards,
Doug
