Buy Gold and Silver

[mace]

The price of EVERTHING is falling through the floor!

[digitalgain]

Originally Posted by indolering

[I]

Why don't you give us a brief rundown of 6102 and explain its relevance....

Executive Order 6102 is an Executive Order signed on April 5, 1933, by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States". The order criminalized the possession of monetary gold by any individual, partnership, association or corporation.

Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 (equivalent to $371.10 today[3]) per troy ounce. Under the Trading With the Enemy Act of October 6, 1917, as amended on March 9, 1933, violation of the order was punishable by fine up to $10,000 ($167,700 if adjusted for inflation as of 2010) or up to ten years in prison, or both. Most citizens who owned large amounts of gold had it transferred to countries such as Switzerland.

So your Gold may well be worth $1500 an ounce, But as you can see by executive order 6102 you will be forced to sell it to the Government at a price THEY deem!

Executive Order 6102 - Wikipedia, the free encyclopedia

Executive Order 6102 - Wikipedia, the free encyclopedia
Executive Order 6102 - Wikipedia, the free encyclopedia

Does your investment look so solid and stable now?
Food & Water are all we need as Humans to survive, That is and should be your priority, not investing in Gold which could be taken from you at a hugely reduced price.
It happened in the past and no doubt it will happen again!

[indolering]

Thanks for that, digitalgain.

That order is no longer in effect. Yes, it's possible that could happen again, but my intuition tells me it won't. In any case, only about 25% of the population complied with this order in the past, and I've little doubt that the people will not bend over for it this time either.

My gold will not be traveling to Switzerland - it's staying right here with me, six feet below my feet...

Most of us are aware of the necessity for food and water and power and a dozen other things when the SHTF, and have taken the necessary action. That does not preclude protecting one's savings. But thanks for your concern.

[digitalgain]

Thanks my Friend
I was not trying to preach to you, merely making you aware of all the facts,
the shit is going to hit the fan soon and the majority of People will not even see it coming, let alone be prepared.

United we stand, divided we fall

[indolering]

Originally Posted by digitalgain

Thanks my Friend
I was not trying to preach to you, merely making you aware of all the facts,
the shit is going to hit the fan soon and the majority of People will not even see it coming, let alone be prepared.

United we stand, divided we fall

Right on, DG. The future looks grim, but I've been preparing as much as I'm able. One of the most important things for people to do is to get together with friends and neighbors so they may work together to take care of each other when things get nasty.

[hhelmsley]

I agree, if you believe this apocalyptic view of "TSHTF" is coming any time soon, gold and silver should be of no interest to you. Either get yourself stocked up on guns and ammo (or start a farm if you can afford it, rent storage space for water/food etc.) or just give in to the inevitable, quit your job and spend your life savings enjoying what time you have left until all this comes to pass.

Personally, I just don't buy into that scenario and will continue to protect my savings in the form of gold and silver.

[geewhizz]

Originally Posted by hhelmsley

I agree, if you believe this apocalyptic view of "TSHTF" is coming any time soon, gold and silver should be of no interest to you. Either get yourself stocked up on guns and ammo (or start a farm if you can afford it, rent storage space for water/food etc.) or just give in to the inevitable, quit your job and spend your life savings enjoying what time you have left until all this comes to pass.

Personally, I just don't buy into that scenario and will continue to protect my savings in the form of gold and silver.

I agree with you.

[digitalgain]

Originally Posted by hhelmsley

I agree, if you believe this apocalyptic view of "TSHTF" is coming any time soon, gold and silver should be of no interest to you. Either get yourself stocked up on guns and ammo (or start a farm if you can afford it, rent storage space for water/food etc.) or just give in to the inevitable, quit your job and spend your life savings enjoying what time you have left until all this comes to pass.

Personally, I just don't buy into that scenario and will continue to protect my savings in the form of gold and silver.

All good and well my Friend, Everyone has to follow their own path

But the Economic paradigm will fall, the Economy built on this much debt is unsustainable.
The Sheep may be happy to to be fleeced by QE (future debt in essence)
So our solution to the Economic problem is to create yet more debt.
It is only a matter of time till the People say "NO"
A huge crash is coming (like the 1930's)
Gold & Silver may well be a wise investment, but as i said before executive order 6102 was introduced after the 1930;s crash so the Government could buy the public's Gold at pathetic rates (equivalent to $300 a Troy ounce in Today's money) that is a huge difference from the $1500 it is commanding at present.

And as i said when the crash comes shops will be looted, Gold & Silver will not necessarily ensure your survival.

Our Society is built on turnover, Most shops only carry 2 weeks or so of supplies and even Supermakets rely on deliveries every Week.
How long will this stock last when the crash comes?

[hhelmsley]

Originally Posted by digitalgain

All good and well my Friend, Everyone has to follow their own path

But the Economic paradigm will fall, the Economy built on this much debt is unsustainable.
The Sheep may be happy to to be fleeced by QE (future debt in essence)
So our solution to the Economic problem is to create yet more debt.
It is only a matter of time till the People say "NO"
A huge crash is coming (like the 1930's)
Gold & Silver may well be a wise investment, but as i said before executive order 6102 was introduced after the 1930;s crash so the Government could buy the public's Gold at pathetic rates (equivalent to $300 a Troy ounce in Today's money) that is a huge difference from the $1500 it is commanding at present.

And as i said when the crash comes shops will be looted, Gold & Silver will not necessarily ensure your survival.

Our Society is built on turnover, Most shops only carry 2 weeks or so of supplies and even Supermakets rely on deliveries every Week.
How long will this stock last when the crash comes?

I still don't see you offering a concrete alternative in terms of "what we can do." Of course the long term goal is self-determination so that we need not rely on the criminal financial system or the FIAT currency and ultimately the introduction of a new and fair economic paradigm.

Transferring wealth from FIAT to metals is a means to that end. It serves 2 purposes:

1) helps to undermine the current system by withdrawing from it.
2) preserves wealth which in turn makes it feasible for a normal guy like me to actually take steps in the direction of self-sufficiency - i.e. start a small business or a farm with modest savings that would otherwise have been ravaged by inflation.

Most people do not have the wealth or resources to afford storage space for large amounts of food and water, never mind the food and water itself. Converting what wealth they do have into metals is the next best thing. The value of a small warehouse of food can be store with a single 1oz gold coin. Metals are a near perfect medium for the storage of wealth: Food goes bad. Food takes a large area to store. Food can not be transported easily. Gold is easily stored. It doesn't go bad. It is easy to transport.

What else would you suggest for people of modest means? For me, first step is to withdraw from the FIAT system and that is achieved by not storing your wealth in the form of currency but exchanging it for something of intrinsic value. Food and water are great, yes. But for most people they are just not practical in terms of storage.

In any case, lets say you are very wealthy. You have bought a food supply that will last 5 years. You own a farm. You have weapons and ammo coming out your ears. What do you do with any subsequent surplus earnings? Keep it in a bank? Dollars/Euros or Pounds under the bed? No, you exchange it for something of intrinsic value that will hold its value whilst at the same time not supporting the criminal banking cartels. You exchange it for gold and silver.

In short, when you don't have the resources to take immediate action in the form of starting your own farm or storing large amounts of food and supplies, the best intermediate step you can take is to get your hard earned wages out of the bankers hands and into something with actual intrinsic value.

[mace]

You'd have thought that with all this talk about Greece (AGAIN) that gold would be rising...
But no. Hmm.

[h2pogo]

Originally Posted by mace

You'd have thought that with all this talk about Greece (AGAIN) that gold would be rising...
But no. Hmm.

My dealer was asking the same thing the other day..He said all the economic indicators were saying buy gold..He seemed confused..I educated him about the manipulation which he wasnt very aware..
I have a feeling lots of people are dumping their paper..And there is little physical demand from India as the Rupee is going down..And MSM knocking it on the back of buffets(muppets) remarks..

Great buying op Me thinks ..Has any one used this firm?.Iam tempted they seem cheap.

http://www.silber-corner.de/

[geewhizz]

Originally Posted by h2pogo

My dealer was asking the same thing the other day..He said all the economic indicators were saying buy gold..He seemed confused..I educated him about the manipulation which he wasnt very aware..
I have a feeling lots of people are dumping their paper..And there is little physical demand from India as the Rupee is going down..And MSM knocking it on the back of buffets(muppets) remarks..

Great buying op Me thinks ..Has any one used this firm?.Iam tempted they seem cheap.

http://www.silber-corner.de/

I too think it is a great buying opportunity, just bought a load of sovs too.

[indolering]

Originally Posted by hhelmsley

I still don't see you offering a concrete alternative in terms of "what we can do." Of course the long term goal is self-determination so that we need not rely on the criminal financial system or the FIAT currency and ultimately the introduction of a new and fair economic paradigm.

Transferring wealth from FIAT to metals is a means to that end. It serves 2 purposes:

1) helps to undermine the current system by withdrawing from it.
2) preserves wealth which in turn makes it feasible for a normal guy like me to actually take steps in the direction of self-sufficiency - i.e. start a small business or a farm with modest savings that would otherwise have been ravaged by inflation.

Most people do not have the wealth or resources to afford storage space for large amounts of food and water, never mind the food and water itself. Converting what wealth they do have into metals is the next best thing. The value of a small warehouse of food can be store with a single 1oz gold coin. Metals are a near perfect medium for the storage of wealth: Food goes bad. Food takes a large area to store. Food can not be transported easily. Gold is easily stored. It doesn't go bad. It is easy to transport.

What else would you suggest for people of modest means? For me, first step is to withdraw from the FIAT system and that is achieved by not storing your wealth in the form of currency but exchanging it for something of intrinsic value. Food and water are great, yes. But for most people they are just not practical in terms of storage.

In any case, lets say you are very wealthy. You have bought a food supply that will last 5 years. You own a farm. You have weapons and ammo coming out your ears. What do you do with any subsequent surplus earnings? Keep it in a bank? Dollars/Euros or Pounds under the bed? No, you exchange it for something of intrinsic value that will hold its value whilst at the same time not supporting the criminal banking cartels. You exchange it for gold and silver.

In short, when you don't have the resources to take immediate action in the form of starting your own farm or storing large amounts of food and supplies, the best intermediate step you can take is to get your hard earned wages out of the bankers hands and into something with actual intrinsic value.

Good post, helmsley. That's about the long and short of it....

[icke_is_right]

Just to say that I'm still here but there isn't anything to say. This is like being on a roller coaster and the ride has started. With headlines like this in the DM:

From holidays to investments – how to keep your money safe in euro meltdown

http://www.dailymail.co.uk/money/art...oney-safe.html

they are now telling us, plain as day, that if you didn't realize it before, things are going to descend from here. We're all prepared and good on those who see this as a further buying opp.

We've seen them pump money left, right and center for years and we know what happens when people finally realize that they are on a sinking ship, concerning holding cash and many other things.

There is nothing to do but either buy more or just get on with other things.

All the best and sit tight.

[geewhizz]

Buy Buy Buy !!

[nittylove]

Is that the bottom reached for both gold and silver?

I wish I had some more spare cash.

[h2pogo]

This is a good sign of a bottom..
I think geewizz picked the bottom yesterday..
I am banking on yesterdays bottom too.

http://www.zerohedge.com/news/guest-...old-and-silver

[indolering]

Originally Posted by h2pogo

This is a good sign of a bottom..
I think geewizz picked the bottom yesterday..
I am banking on yesterdays bottom too.

http://www.zerohedge.com/news/guest-...old-and-silver

Bought some silver from Maloney so I could get access to his newsletter - I usually buy elsewhere with a greater selection, but after reading Maloney's book and a few videos, I see he's got it going on. Since I have a fair amount of metal, I guess I can use all the decent advice I can get.

p.s. I enjoyed the comments section much more than the article.

[mace]

Originally Posted by blackjimmy

20 years?? I'm hoping we reach the peak of this bull market long before then! Do you really believe that it will keep increasing in price for 20 years?

20 years ago an ounce of gold was $343.82. Today its worth $1592.10 an ounce.

That's an increase of 363%.

If in 20 years the same equation is true, it'll be worth $7370 an ounce.

Does that answer my question... ?

[bush doctor]

As David would say, "Problem- Reaction- Solution".

World Bank on its way?

YouTube (Short URL)

YouTube (Short URL)

Spooky if you have any savings.