Trading Of Over The Counter Gold And Silver To Be Illegal Beginning July 15

[Richard]

Originally Posted by Billy L-bach

Invest in bullets...

Silver bullets? Is it a full moon now?

Richard

Originally Posted by Flagg

Eric Janszen over at iTulip.com just sold his silver.

He has had a bloody good track record(unmatched from what I have found) and is still long gold.

His point about silver that struck home to me is that he calls silver, unlike gold or oil, politically irrelevant.

But I would be a buyer again under $20.

Silver has the greatest potenial to experience significant price point changes. If Gold went up $30, most people say, bug deal. If Silver moved that much, holy cow!

I'm betting Gold will reach $1800 - $2K by the end of the year. It will however never see $1000 again.

http://www.tradingnrg.com/gold-silve...tlook-21-june/

I am currently selling Gold in order to buy bullets,....

[GratefulCitizen]

Put your money wherever you find the best after-tax yield, appropriate to your own risk tolerance.
Metals may or may not be such a place.

I wouldn't put money in metals as a hedge against hyperinflation or zombie invasion.
Not too worried about the sudden decline and fall of the American Empire.

We have 5% of the world's population.
We produce around 20% of the world's manufactured goods.
We produce around 20% of the world's grain.
We produce around 25% of the world's oilseeds.
We produce around 15% of the world's cotton.

All of this is accomplished with a large percentage the labor force idle.

We pay people not to work.
We pay farmers not to grow.
We burn much of our corn crop.
We hamstring businesses, factories, mines, etc. with ridiculous legal/bureaucratic requirements.

Despite all of this, the abundance still continues.
With regards to unemployment, it could be argued that the US is a victim of it's own success.

Before anyone chimes in on energy dependence, realize that we have ridiculous amounts of domestic energy available.
It's just cheaper to buy it from someone else than produce it here.

We use that imported energy to produce food and goods which we then export.
If they cut off our energy, we make our own and cut off their food.


Not too scared about a totalitarian government.
We have over 200 million privately owned firearms in the US.


Many zombie invasion fears, at the national level, are overblown.
The nation is quite robust.

That being said, local problems and disasters (natural or man-made) still happen.
It is always wise to prepare for what may occur in your area, or move if the risks become to great.


Out of the top 10 concerns for the well-being of my family, hyperinflation (in the US) currently ranks about 87th.
MOO. YMMV.