peev2c10

PEEv2c10

Precious Metal

When I originally wrote this chapter, back in version one, there were huge premiums above the spot price of silver, as the supplies were drying up. I believe this was about the same time that ammo was in short supply. Since then, the global economic slow down got serious, and demand for both has dropped. Fewer jobs, less pay if you are employed, higher cost of living ( Jesus, Joseph and Mary, am I the only one who remembers that the Obama administration was similar to the Carter one, economically? ), less consumption.

*

That is the micro scale for America. Macro, China is seeing only one half to one third the growth it was. Less demand there. This gives the illusion of affordable and available resources. This is your last chance to buy cheap and stack deep. You can ignore me, because “'Murica” will be #1 forever ( #1 in prison incarceration, #1 in worst education and medical system in first world countries, #1 in debt, #1 in wasting the budget on worthless military hardware ). Or, you can understand that infinite growth on a finite planet is impossible.

*

Since I first wrote on this, we have officially peaked in global production of gold and silver. And just last year, fracking oil and gas. Most fracking wells decline 80% first year, even in the sweet spots. You can expect a very quick decline of fracking. And guess what you need to extract the only remaining gold and silver which is the crap ore, very diffuse ore. Yeah, lots of energy. This makes the low price of silver ( gold is low, relatively, but silver is what you and I can afford ) under extreme time pressure. Act now, or forever more hold your peace.

*

Having said that, do you REALLY need precious metals? No, no you do not. I advocate having several years of property taxes in silver, but I'm not talking about a $300k McMansion. I'm thinking of your junk land where one ounce of silver can pay two or three years. It isn't a terrible idea, silver for property tax, to counteract inflation ( selling the coins to get cash to pay them ). But some of you are living way above your pay grade, so your mileage may vary. Just having a few ounces of silver isn't the worst idea, to bet on its upside. But all in all, you don't NEED precious metals.

*

PM's are emphatically NOT for trade during the collapse. That will get you tortured and killed. PM's are for transferring wealth THROUGH the coming dark ages. You can barter with it, WITHIN your tribe only, but that really isn't needed, is it? Tribes are communists, and not market economies. Money isn't needed. Calories are. Food is so much more valuable that PM's ( with ammo a close second ). Since precious metal is ONLY good for times when trade is practiced, you need to worry about food. Once you have so much food you cannot find another storage spot, enough ammunition to give Mars a celestial boner, THEN and only then concern yourself with precious metals.

*

As I said, of course, a small bet now, if you can afford to waste it as a wager, is to buy four ounces ( I just pick that amount arbitrarily, an even C-note most of us can afford to lose ). My contention is that with almost all silver used in industrial purposes ( which almost without exception isn't economically viable to recycle-even if not in terms of wages, then from an energy use standpoint ), silver is criminally under priced right now.

*

I can't give you a definitive amount, as I keep hearing different figures, all from sources I think as credible, but there could be LESS silver above ground than gold. Or, at most, only twice the amount of silver as gold, above ground, in coin or bars. Or jewelry, obviously. A side note on that-buy industrial silver products NOW, such as solar panels. They will all be endangered. And overcapacity is seeing prices at fire sale levels. But getting back to silver bullion, the price SHOULD, no guarantees obviously but I feel confident, should increase no less than fifty times, in today's purchasing power dollars. That does NOT take inflation into account, only production.

*

Nor does it take into account the end of production post-oil, nor the current banker price suppression. In short, a few silver coins now will be like buying gold at the turn of our century, with even more potential upside ( note, I am NOT a gold bug. I think only carbon fuels or colonization allowed our one off gold currency economies ( gold was used for international trade, but had nothing to be with a states economy person to person. It was too rare. I see no return to that as we run out of oil. This is just a very generous gift from the gods, usable once this lifetime ).

*

I would wager 99% of survivalists ( not even accounting for preppers, who are the Survivalist Lights, the Quasi-survivalists, the Poser Survivalists ) do not have enough food for the apocalypse. As such, I cannot see many of you having so much in extra funds that you are sitting around with wads of cash wondering how to invest it so you don't lose it to inflation. Buy more food, better food, then more of that, then a better storage solution for all that food. Don't spend too much on guns and real estate. Invest in food.

*

And yes, when I say food I mean you also include a means of protecting it and a location MORE secure. Food is cheap. Storage containers for it less so. The location those storage containers are on, even less affordable. And training and supplies to secure that location? Near impossible for most of us. The price is cheap, for security, but the will is almost completely lacking. I don't mean blowing through pallets of ammo in training for close quarters ninja combat. But rather the fortitude to live out in the boonies, hermitage style.

*

But let us not get sidetracked. If you want a really cheap precious metal, you can always collect pennies. Pre-1982 are copper ( in '82, the copper content was drastically cut over the year, so you don't know how much you are getting. I avoid '82's entirely ). All it takes is slapping your fat worthless lazy children up aside their heads, placing them at the kitchen table and having them sort through your pennies. When was the last time any of the bloated electronic game playing oxygen wasters chipped in for rent or groceries? Put them to work. Copper is crap, now, but in the future minted coins will be used in trade ( if trade even happens ).

*

You can forget silver coins in retail circulation. That source completely dried up before Y2K ( I was in retail, then the casino, all the way through 2006. I looked. They simply were no longer there as they had been in the 90's ). You could try to duplicate the claims that fifty cent pieces still had silver coins left in them, but I have a hard time believing there would be any left, within such a short supply. And this isn't even accounting for the fact that all this wastes your time. Of which little is left. I'm not saying, become a prepper training ninja. That is another subject I don't buy into.

*

Just don't divert your focus away from REAL prepping. Like, storing food. Looking for a rural job. Even learning a second trade. Precious metals are nice. But rarely needed. Like FLIR scopes and MRE's, they should be at the bottom of your priority list.

( .Y. )

( today's related Amazon link click HERE )

*

Please support Bison by buying through the Amazon links here ( or from http://bisonprepper.com/2.html or www.bisonbulk.blogspot.com ). Or PayPal www.paypal.me/jimd303 

*** Unless you are in extreme poverty, spend a buck a month here, by the above donation methods ( I get 4% of the Amazon sale, so you need to buy $25 worth for me to get my $1 ) or mail me some cash/check/money order or buy a book ( web site for free books, Amazon to pay just as a donation vehicle ).

*** My e-mail is: jimd303@reagan.com My address is: James M Dakin, 181 W Bullion Rd #12, Elko NV 89801-4184 ***E-Mail me if you want your name added to the weekly e-newsletter subscriber list.

*** Pay your author-no one works for free. I’m nice enough to publish for barely above Mere Book Money, so do your part.*** junk land under a grand *  Lord Bison* my bio & biblio* my web site is www.bisonprepper.com *** Wal-Mart wheat***Amazon Author Page
* By the by, all my writing is copyrighted. For the obtuse out there