REAL PRECIOUS METAL
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Today, a bit of prioritizing if funds are severely limited. I know this doesn’t apply to everyone, and if that is true in your case, just read this from the viewpoint of someone who shall shortly need this information. It’s a friggin economic collapse coming, yo, not the same pussy ass economic decline we thought we were so smart to weather. In a decline, your car goes down a steep grade, causing anxiety and wear on the brakes ( I really hate automatic transmissions for that reason, as well as their performance on snow and ice-but I’m just a primitive fool unimpressed by progress ). In a collapse, your car goes over the cliff. See the difference?
If you think your Decline strategies are applicable in a Collapse, you will rudely be proven wrong. Oh, congratulations, you are the proud owner of a crafted beer stein company. You are my Randian hero. You work under no lash, free and proud, beholden to none but the tax collector and the Reaper. And then, one day, despite all the perfection you achieved, your customers? Aaaannnd, they’re gone! You can’t control the macro environment. On a long enough time line we are all wearing rat pelt jockstraps and beating on each other with chunks on reclaimed rebar. In between somewhere, we ALL lose our jobs. I guar-an-damn-tee you. Prepare to jettison the soft and easy life and get ready to make hard choices.
Big and bad and mighty and righteous manly men survivalists laugh in riotous glee as they fling handfuls of bullion coins hither and yon as they sit atop pallets full of factory round ammunition. Some of us, because, you know, we are insignificant worms that are unworthy since we don’t devote our lives to worshipping Mammon ( if I had, you wouldn’t get to read this wonderfulness but rather face the grim prospect of slogging through inane pap like most other prepper gurus bloodily vomit onto the Internet with their grasping greedy paws held out in expectation of compensation ), actually have to choose between one of the other rather than both.
Oh, the shame of it all, not living lives of central bank lackey consumers and defenders of the ‘Murican way! No, not really. I’m being sarcastic, so hump you. For those NORMAL folks who must budget, prioritize and choose, what about those silver purchases? Should you buy silver, or is the other, other precious metal, lead and brass, a better way to spend your limited funds? You would think this is a very straight forward answer because, duh, you can’t hurdle silver coins at a high enough velocity to harm those attacking you ( even with a slingshot, and the non-aerodynamic shape might screw up your aim anyway ).
But come on, who thinks about buying silver BEFORE food and ammo? Only morons, and I briefly visit Glittery Fart Unicorn Land when I think about my loyal minions and trust none of you are morons. I wouldn’t buy so much as a single junk silver dime before I had several years worth of wheat, and I wouldn’t even look up today’s spot price before I had a minimum of 2k bolt rifle rounds or 5k semi rounds ( I usually hold that 3k is a good count for your bolt and 10k for semi’s, but I base that on my “sleep soundly at night” personal preference. The above should be the bare assed minimum, and not an end count ) or 10k rimfire.
Once you have your minimum stockpile and a sound plan for a far less populated spot to spend the collapse ( you know I love junk land, and starting at a thousand bucks it is affordable and unlike most of your other preps it can actually be used if nothing bad ever happens-vacation cabin, retirement villa-but obviously your mileage may vary ), have paid down debt and in general are just looking around and wondering when the collapse is going to happen since it is rather overdue, you may be asking yourself, am I REALLY as prepared as I want to be?
So you look at your depleted savings ( the savings you have besides the untouchable savings that is unemployment insurance-call the depleted savings your investment fund ) and need to make a choice. How do I invest this for maximum efficiency? This is, granted, a highly personal choice and subject to unlimited variables, so I’d just like you to keep the following in mind. Both precious metals, silver bullion AND ammunition, will be soon gone for good. Completely. And never to return. We’ve talked about the industrial use of silver and how very little is actually left aboveground. It is as scarce as gold now, or close enough. And you cannot reclaim it as fuel becomes scarce. And every year production declines as industrial use increases.
If you ever, ever in all of forever want to own any silver at an affordable price, now is going to pretty much be only time to do so. And I’m serious about that panicking. Any disruption in Business As Usual and the price spikes insanely and supply completely dries up. Do any of you old farts remember the gold and silver demand during the turbulent 80’s? That was with a lot more supply available. If you want to flush an afternoon away, read up or watch videos on the shrinkage of silver supply since then. This isn’t me panicking about Peak Oil or what not, these are solid conservative voices reporting this. Even the Weasel Doomers ( the ones who go out on a limb and say “we are in a bubble. It will pop soon”. Gee, ya friggin think Sherlock? ) are now reporting this as if it was just another interesting fact ( “nothing to see here, move along” ).
With silver, it is quite simple. Regardless of energy cost or mine depletion, the only thing you need to know is that this is the last time you’ll get it cheap. Even if it never runs out, it WILL jump up in price. With ammunition, count on the same thing. There might be shortages, there might not. But what cannot last long is the low price. I’ll continue with that tomorrow.
( .Y. )
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Yes, highly manufactured-mined industrial economy products that cannot be worked around (cook with pots on fire instead of microwave, rice cooker, george forman grill) are going to be a hard nut to find. Those "heavy metal" band members of silver coinage,firearms, ammunition, hand-industrial tools are gonna have a very busy tour schedule come collapse. Get your tickets for the show early!ReplyDelete
Don't forget the popcorn. A show just isn't the same otherwise. Which is one thing the apocalypse will improve-movie popcorn. Without soy oil and artificial flavors you'll need to go old school. Getting the show to play, however...Delete
Like the movie "boy and his dog" simple pleasures in high demand. Popcorn while watching last century movies on fabricated screen and equipment. Charge canned food for admittance as well.Delete
Some cheese dingus will try to slip in peas and call it peaches :)Delete
For the life of me, I can't understand how silver is completely off the radar for 99% of the population.ReplyDelete
A great private, anti-bank wealth preserver with a long history of monetary use.
And yes, silver has been being consumed at an increasing pace by industry for decades. Consumed and gone in unrecoverable quantities.
The vast majority of gold ever mined has been is largely hoarded in the multi-ton holdings of nation states.
These holdings likely exceed above ground available silver.
Some figures from the Lords of Mammon to put the situation in perspective:
Total Market Capitalization of Crypto-currencies: 300 billion
Total Central Bank and Private Investment for Silver: 52 billion
(The figure for Gold is 2.93 Trillion)
If world pop is about 7.44 billion, and all available silver (coins, jewelry, religious objects, silverware, bullion bars) were distributed equally, each person might end up holding less than 4 ounces in the most optimistic of calculations. (Based on what I could figure, I would like to know for absolute certain.)
Like phosphate and high EROI oil, silver production has peaked.
Silver supply is run as a just in time inventory system now. No huge US government stockpiles exist like 50 plus years ago.
By many measures, silver is indeed low priced.
From Austrian economics study times, I was a PM nut. Bought good enough quantities 14 years ago. And yet, 35 years later it is only NOW, within the last few months, I hear about the industrial use/destruction. YouTube redeemed itself with just that.Delete
srsroccoreport.com is a source of doom genius. It's about the energy input to get metal, any metal, from the ground and refine it to a nice lump-bar-sheet-wire. Currently, that energy is 99+% oil-based (ng is "oil") with some coal in old-school mining. Peak oil (or peak cheap-oil) will result in higher real costs (look at your wages in WTI/Brent barrels per week saveable)cutting into your consumption and savings.Delete
Economic geniuses have decided to pre-collapse their "lifestyle" before it is forced on them, with substandard housing, cheap/no-car, food cost reduction (EBT & eating at home), and liquidation of excess sellable items (toys, fragile collectables, excess firearms, muscle cars, costly mistresses, etc.) in order to acquire the "essentials of the future" while they are available and priced-right.
I disagree with Jim on the slim margin of strategy for silver/ammo. Since we don't know what the future might bring, having a "good enough" collection of junk silver (because the premium on 90% US pre-1965 coins is very low right now at 11.4x face value) after obtaining the first case of ammo for the primary weapon. "good enough" amount of silver is the weight you might want to include in a backpack that you will hump. This is not really all that much, for me about $50 face is enough value and enough weight (10 rolls of dimes or 5 rolls of quarters)as well as not an impossible amount of current dollars. The divisibility of the silver in dimes (especially, at 0.0715 OzT each) makes for a good deal without change. If you are pretty wealthy, go with half this much silver and substitute like-weight of gold 1/10th oz "dimes" AGE-MapleLeaf-Krugerrand. When you lose your backpack (weakness, or flight), this amount of coin will stay in a coat pocket okay.
I just bought five hunnert fiat dolloros of US quarters and it was 43.50 face. That's only 4 rolls and 14 spare coins, which is a half-handful. This is about 20x more dense value than ammo and may buy food/fuel/favors with easy identifiability/divisibility in the post-utopian world. Plata! While sorting, I noticed that the 1920's and 1930's dated quarters were worn smooth from how tightly they were gripped by previous owners, but war-time and later quarters were in great shape. 1964 dates were nearly all bright uncirculated and may have never been used as money after getting in rolls at the bank.
Food first. Water, too. Added 2 more $16 Sawyer's filters last week from Kroger camping section. Even Portlandia can have cholera when UN troops get sent to take care of the homeless problem after the earthquake.
The unofficial opfor will be wearing levelIIIa body armor (as you should be, at least) so you either need a RIFLE shooting full-strength jacketed bullets, or need to aim small to hit the vulnerable areas with pistol-rimfire cartridges. Official opfor will be in armored vehicles (wearing expensive rifle plates)calling in arty and airstrikes on you if you are bothering them and the Mk19 doesn't fix the issue. Use discretion.
Sweet! I didn't know Kroger had Sawyers that cheap. Note to self, two Sawyer, two Katadyn filter and a bag of powder bleach is not enough to combat nasty Elkoans crapping upstream. Get another Sawyer. Or two.Delete
It was worse than ripping off a bandage but I went ahead and ordered the .311 pistol bullet mold. Next up is going to the recycle center for lead. Then the Red Dot. Then primers ( this might take awhile ) I won't be switching to carbine rounds until all the full power rounds are gone. But then I'll have doubled my ammo. I might curse my luck when paper dollars on hand are hyperinflated away, but since I can't have everything I want...
Pm's determine the price of currency issued by privately owned central banks . Purchasing power stays the same . Privately owned central banks can inflate/deflate the currency ,but the purchasing power of gold /silver remain largely the same .This is of course a manipulated market . But one once of gold still buys one tailored suit just as it was 100 some odd years ago . or 3000 years ago regardless of POCB manipulations .Delete
Industrial use of silver may just skew that historic value of gold. There is, guesstimated, ten times the gold above ground as silver now, so much was "disappeared". Plus, we have already seen Peak Silver a decade ago whereas Peak Gold was a year or so ago. Silver might be much more valuable than gold, in theory.Delete
I would highly recommend the Walking Liberty 50¢ pieces if you are going to store silver. It's immediately recognized as pre-64 without needing to look at the date. And they were the least circulated of coins, even less than a Silver Dollar, thus having less 'wear'. Many pre-64 quarters and dimes have their surfaces nearly worn off. That is important when you need to sell.ReplyDelete
You've had a nice resurgence in your blog, Lord Bison. Glad you're back on your A-game. As Ol' Remus once said about you: "He's an original thinker".
See, that's why I love the crusty old bastard. We think alike. And, ah, I believe it is "pre-65". I like the idea of the coin though. I'll go now and look at the mark-ups.Delete
Wait...did you mean pre-64 as when the coin changed to a Kennedy? I was thinking of the date when all the silver was removed.Delete
Good strategy for the walking liberty half dollars.Delete
Most of the circulated silver I purchased in the past was done with the recognizability factor in mind (i. e. No Roosevelt dimes or Washington quarters because the design is still in use on cupro-nickel coinage.)
Mercury dimes, Walking Liberty Quarters, Franklin halfs.
I don't know if it still makes sense. These coins used to sell for maybe 4 to 6 times their face value back when.
One thing different now is that many private and government mints now offer fractional silver. So that option exists for coins smaller than 1 ounce: 1/10, 1/2 oz., etc.
The smaller the coin though, generally the higher the premium.
The half's sell for the same mark-up as new bullion coins. As long as you get the original amount of silver from the coins you are okay. Me? I'd get a few as they are cool, save the near new ones for jewelry ( belt buckle, key ring, money clip ), but I'd never go all in on them. I just hate the wear and tear factor. Fun filled fact, I have one of those clear cubes with a Kennedy silver half in it, a paperweight given out by a bank way back when. Course, I like my Bison silver coin belt buckle a extra loyal minion gifted me much more-which I try not to wear too often as it shames people for their unworthiness.Delete
If you're not living in your shelter on your remote land when the bottom falls out you probably never will, and if you try you will fail due to lack of experience. It's different out here, far more than you can imagine from your glittery unicorn poop current lifestyle. I've spent the last 10+ years "downsizing" everything and am always on the lookout for ways to continue to trim around the edges even more.ReplyDelete
Harvest season is now opening up and my Presto dehydrator is threatening to burn the outlet off the wall. Yesterday a friend gave me 1/2 a shopping bag of grape tomatoes right off the vine in his yard. Standing there at the sink washing them off my wife and I ate almost half of them on the spot, so good you'll get stern wood instantly. Juice running down your chin ruining your shirt. Store bought isn't even close. Onward.
I grew up eating Cali fruit from the farmers orchard and veggies from our garden. After the 80's store bought wasn't even coming close and I don't enjoy either anymore. Just eat the minimum.Delete
+1. Anything fresh from your dirt is the best. It's still alive.Delete
Real important after you decide to eat all processed crap freeze dried.Delete