Rambling Thoughts: Quick SHTF Update... plus an MBC update/promo!
...as the POO APPROACHES THE PROPELLOR...
I seriously doubt that "The Good Guys" will allow
MAJOR FINANCIAL CHAOS!!!
Now that that is out of the way, it's not to say you cannot prepare yourselves and maybe come through even a bit better off than you are Right Now! I 'stole' a graphic from Agora Financial that has a Precious Metals suggested buying for folks of various liquidity.
This is pretty normal "Gold Standard" type of stuff, and I STRONGLY RECOMMEND a much heavier exposure to Silver. In Fact, I would start with Silver as opposed to Gold. SILVER has a much greater upside potential and Gold is looking at a 600% to 800% increase, from current pricing. My situation right now? I'd go 50-50 rewards ;) Same as Post Payouts!
BEWARE THE "GOLD ONLY" CROWD
I am not saying Agora is in this bunch, in fact they advise buying Silver, just less than some others. I also say don't fall into the "Silver Only" mindset either. There was a series of Idiot Bloggers, these guys were totally anonymous, and it started out with someone called "another" who said it would be a return to a Gold Standard, and Silver would continue to be Manipulated LOWER. Presumably when this "person" lost traction, a different blogger arose, called FOA for "friend of another" and THEN a third turd, FOFOA for, you guessed it, "friend of friend of another" smh :P
It is my suspicion that these are all most likely the same "person" and all the stuff I read was 100% speculation, innuendo and BS. With lots of "psychological triggers" mixed in. In short, do not fall for this BS. SILVER & GOLD will be, and always WERE, the proper mix of REAL MONEY. This "Gold Only" bunch is actually FUFOA or F'ed Up Friends of Another
IYKWIM ;)
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#MINNOWBOOTCAMP UPDATE:
My lovely and stunningly intelligent Captain @AnjKara discovered an imbalance in the voting records of MBC, part of which was going back to the early days when we had like 5 people on there and the fact that I was sometimes on the MBC account when I should have been using @UNDIE, and I was up-voting comments. SO GLAD she discovered this! I have not been on the voter distribution for MBC lately so I had my head up my A$$ so to speak :D
A positive outgrowth of this is that WE (the MBC officers) will work up a plan to distribute the upvotes on comments more evenly, I am thinking we can have a "Poster of the Week" who can get an extra large Vote from the Bot and maybe get the community to slather some love all over them as well.
THANKS @ANJKARA for putting out the fire before it made our community look bad!
I'd like to see all our MBC folks salute @anjkara as well, I will mention her and her "save" in the MBC updates later today for maximum exposure to the community.
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MBC DISCORD!
gold digger ; )
And proud of that fact as to why Au is such an amazing metal.
That's why you Love Me ;)
...or at least keep hanging around...
:D
I'm assuming Agora Financial is looking for a price of $10,000 for Au and about $500 for Ag, if I can do my correct goat math in my head. Time frame unknown and relates to a Au/Ag ratio of 20:1
Partially Correct, and if you know the Gold Price, why do you not know the relative time frame?
I've never seen them give a Silver price, where do you get that?
The time frame is March 21, give or take. But earlier, it was Jan 1 and we know that did not happen. IMO this is LIKELY, maybe not a "done deal" but the worse things get, it's almost INEVITABLE! I see no other palatable solution for anyone, other than the Road to ROOTA theory. It's a little more complex, and risky as well. It involves a "Complete Dollar Collapse" as Bix Weir interprets it. But that would maximize CHAOS. I see this Jim Rickards theory as a more likely scenario, and still fulfilling most of the elements of the RTR Theory.
Thanks Undie. I think it's a great idea to have a 'Poster of the Week' for extra votes and some good ol' community lovin'.
Awesome job for dealing with things immediately.
You rock!
Anj <3
Actually...
YOU ROCK, ANJ!
Thanks for watching out for us!
awww you!
NO, YOU ROCK...
cheers Undie
laters
Anj xx
All this is just speculation
Of Course It Is! But IMO it is also the most likely path we will take. Here's something for you that is
NOT SPECULATION...
Did you know a few years back that the IMF reclassified GOLD as a Tier 1 Asset? That they now REQUIRE all member (central) banks to hold certain levels of Gold? The move towards a Gold Standard is ON. It's the surest way to minimize the Chaos and reduce the political fallout. These are the things that politicians do... No speculation whatsoever here ;)
Silver has historically always been more volatile than gold, and you can see this happen almost every day, where moves in silver are almost always 2-5x the size of the moves in the gold market. If you're right and gold increases 600-800% we could see a corresponding move in silver of 3,000-4,000%. Wow, that's almost like a crypto move.
Yes indeed, right on all counts! I was watching the PM Price run-up of 2011 and that is exactly what happened. We went from a GSR of 80:1 to nearly 30:1 in about a year. Doing that now has us back up around the mid 40's even if Gold only goes to $1400. I suspect Gold will be higher than that and so will silver once we get back to those kind of ratios ;)
I think the problem with silver is that it does not really scale well, while it would be good to have some quantity of it to use as a currency in a disaster and having smaller denominations of silver could be quite useful. A million dollars of silver means you are looking at hauling around/storing a ton and a half of metal, that will blow out the suspension on your car even if you can fit it all in there.
As I often quote, "Buy as much gold as you can afford, as as much silver as you can carry"
A ton & 1/2 of silver might a bit more than you can carry in your pocket.
BIG RED the Diesel Dawg can handle the amount of SILVER I am capable of buying. In fact I am dreaming up a wild post where I will have the steemsilvergold community help me spend the available funds I will have when my "lump-sum payout" retirement comes in. I'm looking at under $200k not a Million ;)
You don't want to put more than $800 in pennies in an Altima and even then you need to be mindful to trim your load properly. ;)
Bahahahaaaa! I got 31, 100AH & 110AH Deep Cycle lead acid batteries plus 2 chargers. Right at a ton. Next trip was like 36 batts and no chargers. A little more weight that time. But it was a Chevy Tahoe 2WD.
Nissan Altima, that is pretty lame, it's just under 500#
About 570# if they are all ¢opper ¢ents
Plus U apparently ;)
It was the worst car ever, I was so glad when I was rid of it, I leased it as a beater, hauled pennies and took it to the race track on the weekends.
Great Points and I agree with you. I'd start with Silver and move toward 50/50.
That is the reason why I stack gold and silver. I am only hoping that it becames truth...
Looking at our bulging national debt, that hope is only logical...
HOPES > wishes. Hopes have foundation and wishing is futile.
I didn't know those coins were 10K!
There's a new crypto out there that is backed by those, I forgot the name, Quint?
They are not $10k the graphic and the text with it says "If your investable assets are[this much] then buy" for an approximate 10% exposure to PMs. if you have $10k to invest, buy One Gold Eagle. But the Eagles are around $1400 atm
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