FIRST WORLD WEALTH 3
You need gold and
silver. If you are too poor for gold, silver will do just fine. It
is actually my contention that silver will do far better than gold.
I've discussed it before but forgive me as I repeat myself ( because,
new readers or old readers forgetting ). We have already hit both
Peak Gold and Peak Silver Production. Silver supplies are dropping
quicker because with China also in a economic downturn less copper
and such is used, and a lot of silver comes as a byproduct of mining
industrial ores.
*
In theory that could
turn around as the western central banks lose control of the
derivatives manipulation of precious metal, and silver returns to a
free market pricing mechanism. When that happens, you'll probably
not be able to afford silver then, so, word to the wise, stretch your
ability to the max and buy silver NOW. Not tomorrow, not next week,
certainly not next year-NOW. Because silver is going UP, way the
hump up. Industrial use of silver pretty much destroys it. Without
dirt cheap oil, which we last saw when you had hair and I had
patience ( i.e., a long time ago ), it is near impossible to
affordably recycle industrial silver.
*
Which means that the
insane amounts of silver mined over the last century are for all
intents and purposes gone. There is more gold above ground than
silver. Forget the gold and silver ratio pricing you've seen
historically. Silver will be headed to the moon ( the caveat is
timing, of course ). Which is, paradoxically, why I don't buy more
of it. A little is going to go a long way. If you don't buy now you
are going to feel like a real idiot, but you can also buy as little
as ( in theory, granted ) $100 worth now and have a couple of years
wages later.
*
Now, that said, silver
and gold kind of suck as wealth. They are great preserving value,
are easily hidden, but if you ever have to cash them out you are kind
of screwing yourself. Because, except for this very short period of
history when we turned the last of the oil into tangible assets, gold
and even silver are so scarce that once used will probably not be
easily replaced. Think about After Oil, when you have one tank of
gas left. Once you use it ( ignore shelf life issues for now ), that
is it. All gone, sad panda.
*
Precious metals WILL
get that way again, I can guarantee it. Why am I so confident?
Because almost all ores are now at the bottom of the barrel stage,
where huge machines must move huge amounts of earth which contain
very little ore. If petroleum becomes too expensive, that ore is not
mined. Even with the gold price at $1400, almost all of that is
extraction cost. Just in the last ten years, each ounce of gold is
now requiring a significant increase in fuel to process. I want to
say fifty percent more, but don't quote me on that.
*
Even as companies are
busier than ever using silver in solar panels or anti-stank socks or
water filters, the amount mined in the last three years has dropped.
Followed to its logical conclusion, we are soon out of new silver (
the belief that we will extract it from seawater stretches
credibility as a believable strategy ). To my mind, that means that
while you must have silver to combat hyperinflation, it is also a
very poor move to ever sell it.
*
So, while it is wealth,
it is largely a one off store of wealth. It is like your youth. If
you don't invest your youth into retirement, it is a one time
nonrenewable resource more than it is wealth. That is what paid for
shelter is, not wealth but turning wealth into a means of not needing
wealth. Not needing energy you only had in youth. Gold and silver
is just stored energy, but energy that cannot be replaced. It sucks,
but that doesn't mean you don't do it. It would suck MORE if you
didn't.
*
Isn't that what wisdom
in old age is? The realization that optimism was ill founded :)
Now, let us return to a business as wealth. That too is problematic.
Not just because the lawyers will steal the assets. And not just
because of obsolescence. But because business in and of itself is
also going to be an endangered species soon. You all agree that you
need to Tribe Up, for security. Guess what tribes DON'T do. They
don't practice capitalism but rather communism ( the good kind-and
yes, that is a thing ).
*
Capitalism is NOT the
best way to run an economy. It is the best way to run an economy
with a surplus. It is also the best way to run an empire, but the
cost is a central bank ( we've covered that before and I don't wish
to get sidetracked ). Capitalism is NOT run for the benefit of the
individual but for that of an elite class. Philosophically you have
been taught that capitalism benefits everybody, but in real life the
benefits always go PRIMARILY to the elite. Some is left to the
commoners but that is not because of capitalism but because of the
surplus in the first place. Don't put the cart before the horse.
*
You seem to forget that
work Unions were primarily because of communism, NOT capitalism. No
capitalist wants to give the workers extra wages. That wouldn't be
“efficient”. Workers must, let us not mince words, steal the
extra wages by force. I personally approve of such an arrangement.
I didn't before, but that was at the beginning of the thirty year
long wage suppression sold to us under the guise of a free market.
Now that we see the end result of all capitalism and no communism, it
isn't the great system we thought it was going to be.
*
Without surplus energy,
you can't have banking or capitalism. You can only barter. And
barter doesn't work all that well in a severe resource scarcity. If
there is just enough game to provide meat for everyone, you cannot
barter it. That suggests some tribe members will starve ( Food
Stamps don't belong in a system of pure capitalism. Want to get rid
of them? If you do, you are an idiot. What if you had no choice but
to need them? ). That is when pure communism is practiced. Not that
it ever had that name, before Karl Marx wanted to write instead of
work at a factory.
*
A tribe is just like a
family, but without incest. You don't practice capitalism with
family. Go ahead, I dare you. You REALLY think that money you gave
your sister is a loan? It won't get paid back on the principle, let
alone the interest. Family really does run on the NEED principle,
certainly not the ABILITY part. Same with a tribe. Capitalism
worked, while we had surplus. Surplus is ending, along with
capitalism. Forget a business long term.
*
Now, you could plan
along the lines of a non-profit business, in that you are generating
profit ( at times, perhaps ) but that doesn't guide the business as
much as transitioning to a non-capitalistic system does. I'll cover
that tomorrow ( last installment, I promise ), along with all the
other partially successful wealth storing strategies to generate a
whole system of wealth preservation.
( .Y. )
( today's related Amazon link click here )
*
note: good gravy! It seems the only new PA books out there are either zombies or Super Fem Ninja's. What are you going to do? Free for today, another female hero tale HERE.
*
note: good gravy! It seems the only new PA books out there are either zombies or Super Fem Ninja's. What are you going to do? Free for today, another female hero tale 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
* By the by, all my writing is copyrighted. For the obtuse out there