-------------------- --Lymetutu-- Opinions, not medical advice! Posts: 96239 | From Texas | Registered: Feb 2001
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jackie51
Frequent Contributor (1K+ posts)
Member # 14233
posted
Canefan--did you watch the Stanisberry video? I can't believe I actually wasted 1-1/2 hour of my life on that. Though it certainly does make the desire to buy silver and gold quite strong. And, to hide money overseas.
Posts: 1374 | From Crazy Town | Registered: Dec 2007
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canefan17
Frequent Contributor (5K+ posts)
Member # 22149
posted
Yes - I've been a subscriber for awhile.
They take a lot of things too far and some of it isn't plausible - but the guy's really intelligent and presents a lot of factual information.
Posts: 5394 | From Houston, Tx | Registered: Aug 2009
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jackie51
Frequent Contributor (1K+ posts)
Member # 14233
posted
You can buy gold coins, that works in a pinch. Do you have a reputable coin dealer in your area? There's always the US mint.
I probably would have subscribed if I hadn't done a quick scam search on the guy. I wasn't sure what to believe anymore.
It is definitely scary what he is saying about the US dollar. That would mean we won't come out of this recession at all. Things are going to get very, very bad. If our local, state and Federal governments don't stop spending what they don't have, and they won't, it is our debt that is going to kill us.
Posts: 1374 | From Crazy Town | Registered: Dec 2007
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posted
I heard the other day that other countries are meeting in secret to go to another currency and will leave out the US. Then our dollar will be worthless. (like it's bad now)
-------------------- --Lymetutu-- Opinions, not medical advice! Posts: 96239 | From Texas | Registered: Feb 2001
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LabRat
Frequent Contributor (1K+ posts)
Member # 78
posted
If you think folks are intentionally trying to collapse our system, then investing in gold at this late stage may not produce the results you're looking for. We bought some gold at ``the top'' the last time it ran up but we were able to just leave it in the safe till now. We got in early this time, buying at around $380 an oz, but of course it's like child support in California, there's never enough. We could probably survive fairly well, for a short time unless it really gets messy, in which case, you can't eat gold!
While you're deciding which frying pan to jump into, why not consider some form of food production. Small case in point, while folks in Houston were slipping and sliding last week, I was having a salad with some red ripe tomatoes from my indoor hydroponic garden!
I've been slowly but heavily investing in food production, gardening equipment and supplies, fish tanks, canning equipment, flour mills for wheat and corn and building chicken and rabbit hutches. Food distribution and supply could be used as a weapon as it was in Russia during their revolution. If it gets that bad, not much can be done. If I have a garden and my neighbors are hungry, I'm sure they will help themselves in order to survive.
I just throw this out for consideration, history usually repeats it'self!
[ 03-22-2011, 01:58 PM: Message edited by: LabRat ]
Posts: 1887 | From Corpus Christi, Texas | Registered: Oct 2000
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posted
I know, labrat.. we're going to need FOOD when the going gets rough. And it will.
-------------------- --Lymetutu-- Opinions, not medical advice! Posts: 96239 | From Texas | Registered: Feb 2001
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LabRat
Frequent Contributor (1K+ posts)
Member # 78
posted
A crystal ball would sure come in handy from time to time. I don't know what's in store for us but the more options we have whether we use them or not the better off we'll be. Stocks don't work for me, I've lost a lot of money even with inside information! I've got a ton of stock that's not worth the effort to cash it in! I admire anyone who can pick up and hold the right stocks, that has to be an art that you can't get from a book. Blackjack, on the other hand, for me works better than gold but the nearest high limit casino is a days drive. I think the cost of gas will reach a tipping point and will over time be rationed. I play ``what if'', till I figure out we've been had by mostly our own people, makes me so mad I can't see straight! Sooo anyhow, whatever happens, happens to us all, good luck!
Posts: 1887 | From Corpus Christi, Texas | Registered: Oct 2000
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posted
I'm with LabRat.. food storage is VERY important! If the s*** really hits the fan, we won't be able to just drive over to our neighborhood grocery store and buy whatever we need. And the way things are going, that is a very real possibility. It's good to be prepared.
-------------------- "The simple things can get you through the hardest times." Posts: 628 | From Connecticut | Registered: Sep 2010
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Hoosiers51
Frequent Contributor (1K+ posts)
Member # 15759
posted
I'm no economist, but I wouldn't buy gold or silver now. Isn't that a bad idea? Because it is super high! Ever heard "buy low, sell high?" I was thinking of selling my scrap gold for whatever I can get it for now, since it's so high.
I am not worried about putting money in the bank. Gold is good if I already had it, but I don't, so I'm not buying it now.
Posts: 4590 | From Midwest | Registered: Jun 2008
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canefan17
Frequent Contributor (5K+ posts)
Member # 22149
posted
Hoosiers,
Some think it's still going up (waiting for QE2 and QE3 to end)
But in general usually precious metals don't get in front of inflation anyhow.
Not a ton to be made in gold unless the dollar absolutely becomes extinct.
Posts: 5394 | From Houston, Tx | Registered: Aug 2009
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LabRat
Frequent Contributor (1K+ posts)
Member # 78
posted
Glen Beck said on Monday that today he would produce recordings made by people plotting to collapse our economic system. Should be interesting! 4PM Central on Fox.
Posts: 1887 | From Corpus Christi, Texas | Registered: Oct 2000
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posted
Wow.. that was interesting! (just heard the recording)
(whatever happened to hanging traitors?)
-------------------- --Lymetutu-- Opinions, not medical advice! Posts: 96239 | From Texas | Registered: Feb 2001
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LabRat
Frequent Contributor (1K+ posts)
Member # 78
posted
That would be my preference but perhaps those in charge are the traitors, who can you turn to then!? It looks like the next two years are gonna be a bit scary!
Posts: 1887 | From Corpus Christi, Texas | Registered: Oct 2000
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quote:Originally posted by LabRat: That would be my preference but perhaps those in charge are the traitors, who can you turn to then!? It looks like the next two years are gonna be a bit scary!
You got that right!
-------------------- "The simple things can get you through the hardest times." Posts: 628 | From Connecticut | Registered: Sep 2010
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canefan17
Frequent Contributor (5K+ posts)
Member # 22149
posted
LabRat,
It's already in the process. QE2 and QE3 - creating the largest market bubble in history.
End result will be circa 1929 They are bringing America to its knees
And they will blame it on the free market and banks.
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