tag:blogger.com,1999:blog-8939666320943790100.post5767459921424125246..comments2024-02-11T01:14:21.904-08:00Comments on SURVIVING IN ARGENTINA: Post SHTF currencyFerFALhttp://www.blogger.com/profile/07578136334334588454noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-8939666320943790100.post-77323994083403392022010-04-23T18:53:01.250-07:002010-04-23T18:53:01.250-07:00Re David's numbers on Gold -
No you can'...Re David's numbers on Gold - <br /><br />No you can't pick a prior peak followed by a decline and the current rise, then draw inaccurate conclusions. Doesn't work that way unless you start by saying "Suppose you had bought gold in 1980 at the peak"...<br /><br />Well, Duhhhhh!!!!!<br /><br />Let's be realistic - if you want to talk about values in metals, consider something like the medium and long term results of buying one coin each month for 20 years. <br /><br />Lastly, (DISCLAIMER - I'm no gold bug) there is no reason to presume that metals are at a peak at this time. None of the typical symptoms of a bubble are in place, and that gathering storm on the horizon of economics is headed this way.<br /><br />SpendulusAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-68536127725298545692009-12-20T14:36:36.258-08:002009-12-20T14:36:36.258-08:00In this 'neck of the woods', ammunition an...In this 'neck of the woods', ammunition and reloading supplies are already highly desirable and can used in barter, albeit, in limited circumstances. In a total collapse, it could be the next best thing to currency, yet a total collapse is very unlikely. Stored properly, it lasts for decades. Send me to a yard sale today, and I could trade cartridges for some other item. Hunters would gladly trade part of their catch for a box of the good stuff, and the SH has not even HTF. What happens when the ability to obtain cash though employment or otherwise really becomes difficult. <br /><br />The usefulness of ammunition could very well vary from region to region. In these parts, *usefulness* will mean as much as a Fist Full of Dollars.<br /><br />aAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-34864209759041839452009-12-19T15:49:16.216-08:002009-12-19T15:49:16.216-08:001980: gold $847/oz
2001: gold $251/oz
2009: gold $...1980: gold $847/oz<br />2001: gold $251/oz<br />2009: gold $1200/oz <br /><br />Bottom line: 21 years of inflation and gold went DOWN in purchasing power 7-fold. Then it went up in purchasing power about 4-fold from 2001-2008 (calculator didn't have 2009 figures). Today, an oz of gold buys less than at the peak in 1980, and the period 1980 to 2009 was one of continuous inflation. Gold is NOT a reliable inflation hedge. When it's cheap it may go up and when it's getting lots of attention it may go down. Facile statements about gold holding its value are simply not supported by easily-accessed data. If you want gold coins, by all means buy them, but with the buzz around gold looking suspiciously like the buzz around oil at $147/bbl, it might be a good idea to look before you leap.dc.sunsetshttps://www.blogger.com/profile/08826161742700965939noreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-37844531231009322942009-12-18T06:33:46.362-08:002009-12-18T06:33:46.362-08:00Thanks, FerFal... Posts like this is why we read y...Thanks, FerFal... Posts like this is why we read your stuff. Over 95% of us have never actually been in a lights out situation, and therefore don't have the proper mindset that comes from actually living through one.<br /><br />Keep up the good work, man and Merry Christmas to you and yours.<br /><br />Suerte -CapnRickCapnRickhttps://www.blogger.com/profile/07956729224568813679noreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-48383990883537544292009-12-18T06:12:24.746-08:002009-12-18T06:12:24.746-08:00No problem Don, I always appreacite good inof like...No problem Don, I always appreacite good inof like the one you post. Very interesting and we'll be covering in a future post.<br />Thanks man<br /><br />FerFALFerFALhttps://www.blogger.com/profile/07578136334334588454noreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-5909212634326775452009-12-18T05:46:06.747-08:002009-12-18T05:46:06.747-08:00Among others, a good tangible asset quality is it&...Among others, a good tangible asset quality is it's mobility. Real estate is all but mobile, you can't move out with it. You can't hide it either, nor deny it's yours. Especially against government or big _legal_ predators. If the government decides to overtax your house, you are screwed. If your bank pushes you into foreclosure, ditto. And this risk is as high as violent home-jacking... if not higher! <br /><br />Small assets = solar PV panels. Will be in high demand immediately after the next energy blackout. Bulky to store though but a smart oppportunist flash business.pompompomnoreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-75374720181067153552009-12-17T21:53:08.314-08:002009-12-17T21:53:08.314-08:00Ferfal
This is off topic --no need to post in this...Ferfal<br />This is off topic --no need to post in this thread. <br /><br />Thought I would give you a heads up regarding NY Times report about new medical findings re mental problems that can crop up in mid-old age due to repetitive concussions experienced while young from sports like boxing. Something to watch in sparring.<br />Looks like damage can occur but not be evident until a decade or so later.<br /><br />See http://www.nytimes.com/2009/12/18/sports/hockey/18concussion.html?_r=1&hpDon Williamsnoreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-8473561102346753632009-12-17T20:51:37.517-08:002009-12-17T20:51:37.517-08:00The most important point is that it is possible to...The most important point is that it is possible to extent a currency simply based on credit as long as a suitably diverse network of business people agree to participate. WIR Bank in Switzerland is a successful example, not to successful examples abound in the 2001 crisis. Money is just an informatic means of exchange, it doesn't have to a physically scarce item.Patrickhttps://www.blogger.com/profile/13614962832390315553noreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-85826041695723554392009-12-17T17:09:27.489-08:002009-12-17T17:09:27.489-08:00I purchased US Silver eagles because: 1) they are...I purchased US Silver eagles because: 1) they are readily identifiable, 2) they say .999 pure silver on their reverse 3) they are really hard to counterfeit (impeccable design), 3) Americans are familiar with the coin design (walking liberty design of half dollars in mid 1900s), 4) if the SHTF I believe they will be first used and accepted even over "junk" silver, 5) modest premium over silver bullion price and 6) they still retain some coin collector value as they are uncirculated condition. <br /><br />Your thoughts?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-3171930519179027592009-12-17T17:05:49.481-08:002009-12-17T17:05:49.481-08:00FnFAL - I'd appreciate your ranking of "t...FnFAL - I'd appreciate your ranking of "tangible assets" after one has what they think they need in gold and silver. A modest rental property in the right city - will always generate positive cash flow (without a mortgage) as long as someone is working and someone is paying rent. What would be next? What kind of smaller tangible assets as alternatives to "financial" assets like stocks, bonds and CD's?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-71775850344666862822009-12-17T15:59:04.129-08:002009-12-17T15:59:04.129-08:00Precious metals can only be measured against bread...Precious metals can only be measured against bread or some other stable commodity. If the price of a loaf of bread always equals X amount of silver by weight then the fiat money fluctuations don't make much difference.ENhttps://www.blogger.com/profile/12193563623321560413noreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-24926187859510901302009-12-17T13:02:59.540-08:002009-12-17T13:02:59.540-08:00Great post, One quick comment is that gold and par...Great post, One quick comment is that gold and particularly silver are very volatile in terms of value (vs the dollar, euro, etc). I know all the stuff about inflation and all that but saying the price of gold or silver can change 25-30% a month. Not saying you shouldn't own some but just that they fluctuate wildly. Their virtue is that they can not be inflated and will never go to zero, not that your money will necessarily retain its value. For example someone who bought gold at its high around 1980 would have just recently been able to sell for a profit, before you figure in inflation. <br /><br />I buy both gold and silver. Everybody should buy silver and most folks should have at least a bit of small gold. They should however look at it as insurance, not a 'safe place' for their money.Ryanhttps://www.blogger.com/profile/09612373437033635765noreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-74928639310999724722009-12-17T11:28:58.421-08:002009-12-17T11:28:58.421-08:00I hope you're right about silver. I have bough...I hope you're right about silver. I have bought some silver. The dollar is going to cause pain all over the world. It would almost have to transition to the Amero quickly. Local dealers are few. Only 2 coin dealers within a 50 mile radius and 1 of those 2 is a ripoff. Buying Euros here is almost impossible and selling them is impossible. We are so dollar-centric, other forms of payment haven't entered the conciousness of people. We're headed into a life changing events for every person in the USSA. I can't even think about it. It's too depressing. Americans drive and eat. Take that away and the cries of anguish will be unbearable.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-80683506715607161622009-12-17T10:58:31.042-08:002009-12-17T10:58:31.042-08:00Great, and more to the point, usable, advice.Great, and more to the point, usable, advice.ENhttps://www.blogger.com/profile/12193563623321560413noreply@blogger.com