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Tuesday, May 23, 2017

silver lining


SILVER LINING

Gold and silver hoarding is as much a doomer staple as stacking cases of MRE’s and arguing for decades over the superiority of AK’s and 9mm’s over AR’s and 45’s ( just don’t argue AGAINST semi-automatics and you are allowed to argue over gas systems or calibers ).  And just like FLIR’s, semi’s, MRE’s, freeze dried snacks, bug-out vehicles and all the rest, you don’t NEED gold or silver as much as the “experts” tell you.  Buying gold or silver when you should be buying more wheat or thirty cal ammo is as close to retarded as it comes.  Gold has exactly ONE use as a tool and that is as a multi-generational store of wealth meant to be used AFTER the dark ages following civilization collapse so that your descendents can invest in a wealth generating business of their own.  It isn’t for barter or bribes or the god-awful befouled advice of “investment”.  You don’t MAKE money holding gold, it is for not losing money ( more specifically, purchasing power ).

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Gold is not a bad tool to own, but it is the last one you should buy as a prepper.  You first need the tools to help your immediate family survive, no need to sweat how your great-great-grandchildren will inherit your excess wealth.  Of course, if you follow the One True Way of frugal prepping then you’ll probably have plenty of extra for gold, even after five years of food stores and five thousand rifle rounds, junk land and solar panels.  But before gold, you should be stocking up on silver.  Again, AFTER all your other preps are in hand.  Oh, a few silver coins are fine, for that pesky property tax on your land ( remember me telling you that in ten years my property taxes went up 50%?  Well, my silver more than doubled.  It held its value so the dollar amount of my taxes was irrelevant ), but don’t go hog wild on the precious metal stash until all else is taken care of.  Even a small business should probably get first dibs prior to excess silver or any gold at all ( a micro-business, a hobby with earnings, not the traditional retail establishment needing a hundred grand in debt ).

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Now, warning aside to never misplace your priorities, especially now when the end is indeed finally nigh after all those false warnings ( if you don’t believe that we are close to calamity as global oil EROI is a problematic 14to1, I’m afraid I can’t penetrate through your Optimistic Armor and do you any good at all.  Which is fine.  I don’t take it personally ), if you are able to now devote some resources to precious metals, I have great news for you.  It is soon going to soar in value, in terms of purchasing power ( you still can’t sell gold, as that is asinine-our Greenback will soon be worth dingus-so I’m NOT talking about an investment here ).  Which is not a reason to buy lots of it, but rather a bit of comforting news in that you don’t need all that much as you think you do.  Buying now is being frugal, just as if you had bought rifle ammo at a quarter a round and henceforth you would be lucky when it got under a buck a round.

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If you had bought all your wheat for Y2K, at the then reasonable price of $8 per hundred pounds and used BBQ buckets at a buck which included lid, you could have had five years of food for $240.  Now it is over $700.  That would have been a frugal investment.  I’ll wager any of you a jelly filled donut that there were drastically far more preppers getting ready for Y2K than there are now getting ready for Trumpmeggedon or what the current crisis de jour is, and yet isn’t it curious how there were no price hikes or shortages then like there are now.  Why do you think that is?  Oil was plentiful and cheap, AND higher net energy.  Now it is abundant and affordable, but has a much LOWER net energy output twenty years later.  And I know you won’t listen ( how many of you bought wheat when I passed on the word over the Kansas wheat crop devastation? ) because whenever I say “peak oil” you all cover your ears and start screaming “I’m not listening!”, “I’m NOT listening!”, “Rawles is my god!” and other such outbursts, but precious metals are subject to the same supply and demand pressures and peak oil constraints as everything else.  The supply of precious metals will be falling drastically very soon.  As well as the price shooting up as the electronic trading bourses fail to suppress the prices.

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Look, this isn’t rocket science.  Mining is in trouble not just due to demand falling but the fact that it is requiring more fuel to extract less ore.  That has already been long established.  Just since the turn of the century it is taking twice the diesel to extract an ounce of gold.  That is the ore running out.  As I’ve been screaming into your ear for years, global peak silver was 2008 ( US peak was 1998 ).  We are getting less than before, AND I think that you overestimate how much we will keep extracting, just as you do with oil.  The half way mark doesn’t mean we still get to extract the same amount in the future as in the past.  It means the first half was easy to get to and the second half is WAYYYYY harder.  So hard, so expensive, so costly in energy terms that most will NOT be mined.  What do you think the Gulf Of Mexico oil blow out was all about?  Contaminated seafood?  No, it was about how difficult the oil is to get out of the ground now.  Just like how Canada being our number one supplier of oil means tar sands are our main source of fuel now and that is NOT a good thing when it used to be Texan or Saudi sweet grade.  It isn’t independence, it is desperation.

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Tomorrow, supply problems and the implosion of banker manipulation controlled pricing jacks up the prices. 

END

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6 comments:

  1. "it isn't independence it is desperation".
    True that.
    What country in the world would be willing to pay another country for their most important strategic resource if they could get enough on their own soil (oh sure in the LONG run it would make sense to drain the other counties first and be the only one with the strategic resource, but what politician or corporate executive cares about anything more than a decade away?)
    No, fracking, tar sands, deep water drilling, etc. are all clearly signs of desperation.

    ReplyDelete
    Replies
    1. After WWII it was becoming cheaper to import Saudi oil, so in effect we used theirs first, but that was more accidental than strategic.

      Delete
  2. How to carry some wealth through a dollar collapse. Thats what I need to know, I'm not rich but I'd like to keep some of my hard earned savings instead of giving it all to the bankers. I'm up to the gills in stuff now I want to keep the fruits of my labor.

    ReplyDelete
    Replies
    1. Are you looking at a dollar collapse or a civilization collapse? Dollar only, gold. Civilization, invest in tool and dies and finished stock and manufacture what nobody else can.

      Delete
  3. Great articles since you went to two per day. And your locks look even more magnificent too! Two articles per day surely agrees with our Lord! RSL in WI

    ReplyDelete
    Replies
    1. Excellent. Now I have one for and one against. But I am glad you like.

      Delete

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