I’m not going to discuss the wisdom or lack thereof in the act of bartering. I will refer back to another article which stipulated that if you only barter within the tribe you keep the wealth inside your community, for all items of an Industrial Age that cannot be replaced. And then the outsiders get any organic renewable material only. So it really wasn’t a question of whether you should barter or not, but to whom you should trade with. In that context, ammo is fine for bartering. It stays with your tribe members and hence isn’t a danger.
The same with silver. Rome had its share of issues towards the end. What empire doesn’t? But one particularly nasty one was the fact that almost all of their silver had been shipped to the Chinese or other nations to pay for trade ( a lot of it simply luxuries rather than necessities ). You do NOT want to be like those idiots and give away all your silver. Why, you innocently ask as if you weren’t aware that this would fire up my boilers to the red zone and I would lash out at you in hatred?
Forget the historic gold and silver ratio. Silver is in a completely unique situation historically. Remember what happened to Spain after it “found” all those precious metals five centuries ago? Hyper-inflation. An unprecedented supply of gold altered its historic value ( you could make the case for these events repeating itself in the South African, Californian, perhaps Canadian and Australian strikes, although all to a smaller degree. Perhaps. The same carbon fuels that mined these also allowed unprecedented population growth, which may have canceled out some or most of the effects ). Today, a historically unique LACK of silver.
Back in the day when I had a small window of investment, working for tips in the casino before the economy blew out its rectum, I made huge steps forward in my preparations. Land, primarily, with doubling of my arsenal and ammo which had suffered from my move to Nevada, a few RV’s, and some precious metals. I started buying silver at around $5 and once it reached about $7, I decided that was way too expensive and stopped stacking. What I find amusing in a “the gods amuse themselves at my expense” sort of way was that I COULD have known better.
At the time, Wi-Fi or its predecessor-what do I know from Adam about that nerd boy crap?- in the RV park was primitive and beyond crappy. I could never really enjoy being online. It was nails on chalkboard every time. So it was minimal. I was reading the copywriter doom and gloom newsletters from the Bill Bonner/Agora publishing folks, but I must have missed the article on the industrial destruction of silver from, I believe, 2005. I only just now saw it doing a search on the subject. Oh, what a great heads up that would have been.
Of course, yes, if I had gone All In on silver I would have had other issues from not diversifying. Perhaps not enough cash for my Great Tire Blow Out Misadventure when I moved from Carson City up to Elko ( ALL the tires on the pick-up and all of them on the RV, and being stuck twice on the highway. The previous owner had put car tires on the RV, and I screwed up not seeing how worn the truck tires were. And tires for those weights are NOT cheap ). Or perhaps I would have run out of money waiting for the first paycheck.
But, spilt milk. Even though this is an issue just now getting traction, the simple takeaway is that after nearly a century of industrial use of silver ( a lot of photo’s back then, a lot of computer crap now ), the world hasn’t run out but it sure as God made little green apples has a metric butt ton less than it did. While nearly 100% of all gold ever mined is still aboveground waiting to be hoarded and lusted after, minus the odd chest of Conquistadors loot at the bottom of the Caribbean, almost all the silver is gone.
Gone as in, every electronic device or old photo of mom in her curlers has such minute amounts of the metal in it that those items are essentially trash rather than recyclables. They are too expensive to recycle, even with Asian slave labor. So now, the retrievable silver being close enough to zero, we are in a strange place where we have one tenth the amount of silver aboveground as we do gold. A rather strange concept. And that is only going to get worse, believe it or not.
( I’m walking on air. Sorry, song reference ). The US silver production peak was around 1998, and the global Peak about 2008. A couple of years back we saw global Gold Peak Production. That doesn’t mean we run out, Spanky. It means we produce less every year. But that nearly decade head start of declining silver just means that after those years of exploding silver demand by industry, the ratio of gold to silver might be even higher ( you can’t get completely up to date figures ). And there is essentially ZERO salvage for silver.
The days of silver recycling when it was less hard to do so ( it was less diffuse way back then, prior to mass computerization ) are long over, back in the 70’s and 80’s. All the government stockpiles ( until recently with Russia and China, if the reports are factual ) are depleted. The bankers with their derivatives hold almost no physical metal. Relatively speaking, the supply has crashed compared to what it once was. We still have plenty, it isn’t like it is moon rocks, but nothing like we used to. And nothing compared to gold.
Yes, I had to spell all this out for you again because you must pound it into your head that silver is way, way more valuable than you think. If you want some, get it right this very second. Do not dally, or fudge, or dink about. This is your last chance. The bankers won’t be able to hold the price down as the economy implodes, because their leverage will be destroyed and their worthless paper silver will lose all value of manipulation. Tomorrow, I’ll discuss silver compared to other important barter items. The takeaway today is grab as much silver as you can and NEVER get rid of it. It will soon sell for more than gold, more than likely.
( .Y. )
( today's related link https://amzn.to/2ROs9tZ )
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Or you could just buy food,traps and seed. Everyone has to eat. Filtered water becomes important. I am not saying silver doesn't have its place, but I place it far down on the list of things to have. Love yer hair.ReplyDelete
Kinda covered tomorrow.Delete
Sorry, sometimes I tend to jump ahead of the class and sometimes I am the class millstone. Bare with meDelete
No, a typical occurence, so don't worry. The price I pay for serialized articles.Delete
Yeah, Jim does have nicely hair. But, off the road and into a ditch getting all worked up over silver. Sure have a 'small' stash of silver and or gold, under 10 percent financial assets, no more. Don't hoard like ammo or food to an obsession, wrongly approach. Unless your so called tribe is an inbreeding cloistered group that only interacts outside the perimeter territory once a year rarely now, then it will be in no position come collapse to be likewise self sufficient and never need trading for hard goods then. It will need to be a city state sized entity. Cotton, wool, leather self sufficient to clothe selves long term? Mining, forging, manufacturing metals for you know, maybe some tools? Pharmacy compounding, alchemists to cure human ailments? Forests for miles, sawmills of scale to supply the tribe needs?wells or mines for coal and oil with refining capabilities for fuels to light, heat, power small scaled or to scale up equipment? Unless considering these and just want to agrarian hut living, then it will be short time before other tribe or group overpowers and overruns. Then the rape fun happens to you. History is an example.ReplyDelete
Regular readers know my stance that silver is at the bottom of the priority list. Most of my regular readers are also not new to the game and have surplus resources to get to the bottom of the list. Sorry for any confusion to new dudes.Delete
In fact, went and bought another Silver Eagle yesterday. Eight more and I'll have another tube full.Delete
Got no more room for food lol , but silver don't take up much space.
It's good to have White People Problems. :)Delete
The only current example of a tribe and barter exchange working for a tribal level sized group is the Amish. But, they must barter-trade with the outside "world" for many things needed, even at their luddite level. That and a closed and strictly followed and enforced doctrine must be "in place" for cooperation and success. Try that with today's citizenry, it will take quite a few beheadings and tossings off of roofs to get the malcontents with the program. They have enjoyed a "luxury" of a stable and law and order government society surrounding them and willing to accept and respect their ways. Collapse and post apocalypse they will surely need those AR15 rifles and flir scopes the elders shunned for so long.ReplyDelete
The Amish have Free Rider'ed their entire existence since immigration on the surrounding law and order paid for by English. The Homesteader Crowd thinks they can duplicate that.Delete
That silver can be an important asset for making bullets for Werewolves! Use lead for bankersReplyDelete
Bayonets for bankers!Delete
You don't want any of their infected blood to get on you from sticking a bayonet through them! I would worry about AIDS, Hepatitis, syphilis, who knows what!Delete
Damn You! Another fantasy ruined by reality.Delete
As great as it is to run your blade through enemies, infectious diseases make arrows and firearms super-duper weapons to use for post-battle survival. "Standoff" killing is about as traumatic for the shooter as stomping ants, as part of a video game. Even better if you can do it from a ConEx box in the Nevada desert while getting a Silver StarDelete
Those Wingnuts are guiding our freedoms, wedding party massacres notwithstanding :)Delete
Medieval Europe had a similar issue when trading with the Orient (fun fact - it was called the orient because in ye olden days the orient was at the top of the map). The Europeans would use gold and silver to buy luxuries such as silk. The Asians would never use gold or silver to buy anything from Europe and this caused confusion amongst the Europeans.ReplyDelete
Chalk this one up to another "White man thinking everyone else has the same motivations then getting confused when they lose out every time they deal with POC" ooo why do x population act that way? err 'cause that's there thing. Stop with the white mans burden and let them do them.
Nice Fun Filled Fact! Hadn't heard that one before. :)Delete