Finance/Investing ITT

[Kruzen]

surely it has uses, but it still can't possibly explain the huge spike in price appreciation over the last couple years.

Of course not, that's thanks to QE1 and QE2

[nando]

surely it has uses, but it still can't possibly explain the huge spike in price appreciation over the last couple years.

[nmlss2006]

I was going to stay out of this but I will say one thing: read up on subjects before making pronouncements. Silver has industrial uses, gold has almost none. Not that I'm advising either (or advising anything, actually), but at least be familiar with basic facts. It helps financial health enormously.

[87e30]

Would read end of world banter again

[Farbin Kaiber]

too bad, in the coming apocalypse, I could have traded horse poop for food. :p

^ I think that makes a successful derail. And a good sig.

[Farbin Kaiber]

That's what scabbbies said too, but I dunno if he was talking about farming...


In the mean time, assuming your cows poop and have other organic waste: http://www.small-farm-permaculture-a...generator.html

I have a new pile of those exact green barrels on the video on that page. I think I'll have to look into that, thanks for the link.

[nando]

I have a giant pile of horse poop actually. But fortunately (unfortunately?) we're getting rid of the horses and simplifying our lives with a smaller, newer, cheaper house.

too bad, in the coming apocalypse, I could have traded horse poop for food. :p

[rwh11385]

Don't worry, when the end comes, if ya'll need a place to escape to and use the code word, I'll need help plowing.

That's what scabbbies said too, but I dunno if he was talking about farming...


In the mean time, assuming your cows poop and have other organic waste: http://www.small-farm-permaculture-a...generator.html

[nando]

420? :p

realistically, since I have neither a stockpile of guns, nor a stockpile of gold/silver, I'll probably be dead. But i'll take the risk that our current economic system, although it might change, isn't going to disappear that easily.

[Farbin Kaiber]

Don't worry, when the end comes, if ya'll need a place to escape to and use the code word, I'll need help plowing.

[rwh11385]

Thus, why I said silver, because it will remain closer to the values of the $1, $5, $10, and $20 bills, approximately, if the same value for "units" were to carry over. I'm speaking of US pre-1964 coinage. I don't think you'd be able to buy food from the Co-Op with a gold coin valued over 3,000 "units".

But silver is bubbled up right now, isn't there better priced doomsday goods today you could buy?


Didn't the Spartans or Vikings prefer iron or lumber rather than gold, and then later used said resources to simply take other parties' gold?

[Farbin Kaiber]

who's going to be making loafs of bread? if I work at a bread factory and everything collapses.. I sure as hell am not showing up for work tomorrow. that might buy you a week or a month, but it won't sustain you. a large cache of weapons, however, might.

http://www.survivalblog.com/2011/04/two_letters_re_confronting_tho.html

[Farbin Kaiber]

But silver doesn't have much purpose. Oil, land, water, steel, gold do. But everyone has gold - or CASH4GOLD wouldn't have so many stores.

Still to the guns and ammo investment plan of your neighbors, it makes more sense.

Thus, why I said silver, because it will remain closer to the values of the $1, $5, $10, and $20 bills, approximately, if the same value for "units" were to carry over. I'm speaking of US pre-1964 coinage. I don't think you'd be able to buy food from the Co-Op with a gold coin valued over 3,000 "units".

[nando]

I was never talking about paper for gold. I was talking about buying silver for personal possession as a backup plan. Tangible, in hand, in a fucking lockbox under your fucking bed status.

Like, cheap insurance to have the ability to buy a loaf of bread with a real dime when others are getting crumbs for a handyj.

who's going to be making loafs of bread? if I work at a bread factory and everything collapses.. I sure as hell am not showing up for work tomorrow. that might buy you a week or a month, but it won't sustain you. a large cache of weapons, however, might.

[nando]

I know, and what I was saying all along is, when the units get reset, paper values are worth nothing. You wouldn't be able to pay for supper at the local place with 2500 shares of GE.

Or even one share. The person you give it to can't go and cash it in for more carrots for a stew next week.

that's assuming a total market collapse (and that all your assets are in stocks, or one stock). and really focusing on a far fetched outcome. I mean, even if I hold zero gold - if I don't die in the hysteria and the market collapses totally tomorrow, surely I can go bust ass for my neighbor and he can pay me so I can buy food, or even pay me in food. Since there would be some trade, right? What's stopping me from bartering?

if the market system that supports gold's inflated price collapses, what is gold's value based on?

gold/silver are basically interchangeable too. it would just be more typing. :)