Thinking that Precious Metals will make you Rich someday?

[beauanderos]

http://blog.milesfranklin.com/unfortunately

it is clear to me that “they” will not let “us” enjoy the fruits of our willingness to have been early, been bold and different, and recognized “value.”

Unfortunately.... I agree with him.

[johnbrickner]

"bottom line I believe is that those with precious metals will not be allowed to feel like “they won” until “winning” doesn’t matter anymore…survival will." Miles Franklin

It has never been about winning, it has always been and always will be about surviving. Any other school of thought here is wrong.

[uthminsta]

Sure they will! Precious metals have already made me rich! All you have to do is STOP measuring the value of your precious metals in dollars. That's measuring real money by using a fake-money measuring stick.
Seriously though... Ya gotta figure out WHY you stack metal. And it shouldn't be so you can make dollars.

PS I haven't read the article yet. So these thoughts may be completely out of sync with what is being said... but still.

[beauanderos]

Sure they will! Precious metals have already made me rich! All you have to do is STOP measuring the value of your precious metals in dollars. That's measuring real money by using a fake-money measuring stick.
Seriously though... Ya gotta figure out WHY you stack metal. And it shouldn't be so you can make dollars.

PS I haven't read the article yet. So these thoughts may be completely out of sync with what is being said... but still.

Bottom line... there is no alternative. One MUST stack precious metals as all other forms of fiat will soon fail. Be it preservation of wealth, tinged with a dollup of greed, or just commen sense... it's the only prudent course to take

[uthminsta]

Yep. And I liked the article by the way. Well, I didn't LIKE it, ha, but it speaks truth. So I appreciate it.

[68Camaro]

I can't deny that the excitement of being able to do some hitherto unthinkable things with a ridiculous amount of wealth has a momentary attraction, but money doesn't assure happiness (which is a state of contentment with what you've been given, independent of how much that is). I know in my heart that I'm not destined to be "rich" (even though I am that in at least 2 or 3 ways already). I will be content with surviving and helping others to survive.

[Copper Catcher]

I can't deny that the excitement of being able to do some hitherto unthinkable things with a ridiculous amount of wealth has a momentary attraction, but money doesn't assure happiness (which is a state of contentment with what you've been given, independent of how much that is). I know in my heart that I'm not destined to be "rich" (even though I am that in at least 2 or 3 ways already). I will be content with surviving and helping others to survive.

[doug]

It would be hard for me to feel rich while walking on everyone else. Richiness is way more than money.

[cooyon]

I would rather be a walker than a walkee.

[TXBullion]

It would be hard for me to feel rich while walking on everyone else. Richiness is way more than money.

Being rich does not mean that you attained it at the expense of another. If you provide a valuable service or product to society, perhaps you have actually enriched the lives of others in some way shape or form

[doug]

It would be hard for me to feel rich while walking on everyone else. Richiness is way more than money.

Being rich does not mean that you attained it at the expense of another. If you provide a valuable service or product to society, perhaps you have actually enriched the lives of others in some way shape or form

I have no problem with people being rich. I just do not think getting rich with $5000 dollar silver over night would be the way to go. I understand that we buy PMs to protect our wealth but when people are starving because the US dollar goes belly up, will we look like those rich that walked on the no beleivers?

[johnbrickner]

<snip>
I have no problem with people being rich. I just do not think getting rich with $5000 dollar silver over night would be the way to go. I understand that we buy PMs to protect our wealth but when people are starving because the US dollar goes belly up, will we look like those rich that walked on the no believers?

We (you, me, everyone else) will fairly look like we act (are/behave) now, only even a bit more so. So unless something happened to seriously change your outlook on life and other people between now and then, you'll be what you already are, amplified.

[uthminsta]

...unless something happened to seriously change your outlook on life and other people between now and then, you'll be what you already are, amplified.

Great insight. Anyone know someone who has won the lottery? How's that workin' out for them?

[doug]

The three people I know that won a big lottery jackpot have been ruined by it. But in their defense they were not very caring people to begin with.

[Morsecode]

Bitcoin was moving along quite nicely until the government got scared and inserted themselves in it. Don't you know just yesterday I read that Bitcoin finances terrorism. That's the end of Bitcoin.

Silver and gold, if they ever really take flight, will also fund terrorism. In fact, that'll be the primary reason for anyone to be invested in metal. To help terrorists. You guys don't know that?

Terrorism = bad for America = Executive Order. Congress won't even have to be involved. The President (any President) can and will ban the transfer of pm's for any duration deemed necessary.

If silver hits $100 get out while the gettin's good.

[uthminsta]

I've often wondered if they would fundamentally change the game like that. But then I remember it's the government, and they have my best interests at heart.

[neilgin1]

http://blog.milesfranklin.com/unfortunately

it is clear to me that “they” will not let “us” enjoy the fruits of our willingness to have been early, been bold and different, and recognized “value.”

Unfortunately.... I agree with him.

no! think out of the box. whats "rich" anyway? be fed, be warm, be safe, be surrounded by tribe.

the modern "rich".....have you known any?....they are the most boring unhappy, dysfunctional gits you ever have the displeasure to meet, and I have.

because they CHOSE their deity.....and it money. I stack to insure value, not to "get rich", in the modern sense.....that's a death trap....living urban, buying toys.......escape.

I have every intention to trade any PM's I have on the black market anyway......when they're most needed.

[scyther]

Some people got rich off of precious metals... both in 1980 and in 2011, among other times. I bet quite a few people here could've gotten rich (or at least profited greatly) if they had sold in 2011. I bet a lot of you could still make a big profit if you sell now.

[carssman]

I think that PM's offer me a way to save without pissing my cash away on beer and hookers That aspect alone will provide me wealth in years to come plus I have been fortunate enough to play around with my stack and grow it. It also has allowed me to seek opportunities and flip coins for quick profits rolling it into more metal..

Was able to sell of a good prition on my stack last August for a downpayment on another rental.. Had I tries to save the cash,, I doubt I would have ever got to that point.

PM's also provide a solid way to 'Spend' my money or 'scratch' the itch without actually buying worthless items that usually end up in teh city landfill.

[Recyclersteve]

There have been plenty of currencies in major countries that have collapsed or had major revaluations over the years. It is not like those countries suddenly lost half their population due to starvation or murder. Can anyone find any decent articles or detailed information about what life was like just after a major currency collapse? Did they resort to barter? Did business shut down? What was it like? How long did it take for things to get back to normal?

[68Camaro]

There have been plenty of currencies in major countries that have collapsed or had major revaluations over the years. It is not like those countries suddenly lost half their population due to starvation or murder. Can anyone find any decent articles or detailed information about what life was like just after a major currency collapse? Did they resort to barter? Did business shut down? What was it like? How long did it take for things to get back to normal?

None of the many great calamities of the 20th century could be described by the levels you suggest, so I suggest that it doesn't require that level of pain and suffering to qualify as a great calamity. Two further things:

1) What would be different between the colllapse of the US and the collapse of any other country? That's a rhetorical question - think about the differences and how they would be likely to affect the outcome, versus say - the example below.

2) Read the blog of ferfal, who goes into great detail on the pain and suffering of Argentina, and warns of how much worse that would be if it was extended to a larger power. While he was apparently writing before this, his earlier writings are apparently mostly lost, though he has no doubt revisited most of them by now. His blog starts in early 2008 (discussing the events of 2001) with this one. He talks about how Argentina collapsed, but it is still collapsing, even 13 years later. And that is when it has been partially propped up by a world around it that is/was still intact.

http://ferfal.blogspot.com/2008/01/most ... -days.html

FIrst month of posts together.

http://ferfal.blogspot.com/2008_01_01_archive.html

At the end of his first post he says this:

Understand that in just a matter of weeks crime starts increasing exponentially when serious SHTF such as an economical collapse occurs. These kind of situations may take decades to reverse, or maybe never go back to what it used to be.
When I was 20 years old I lived in a 1st world country, 8 years later it’s a mixture of cheapo 3rd world tourist sites, a bit of tasteful 1900 architecture, surrounded by sights fitting either Ecuador, Colombia or some kind of war zone, and it all went to hell in a hand basket in less than a year. The change was amazing for anyone that cared to notice. Libraries, churches, town theaters, it all closed and later reopened having been replaced by bar-***** house joints, “All for 2$” shops, Bingos, casinos, self proclaimed churches, many with links to Umbanda Brazilian rituals. A perfect example of the decay in our society trough the last years.

[franklin]

carssman:
You just stated what I have been trying to express to my spouse but couldn't find the words. Many thanks. I think I will print out your message and give it to her for Mother's Day. (except for the first sentence)

[TXBullion]

carssman:
You just stated what I have been trying to express to my spouse but couldn't find the words. Many thanks. I think I will print out your message and give it to her for Mother's Day. (except for the first sentence)

or change to sodas and arcades.....

[silverstacker]

I have been thinking about this scenerio for some time now. If the price does skyrocket it WILL mean that the world economy is going to sh$& and therefore using PM's for food and water and maybe a few other items are the best we could ask for. If that day does come then I believe we will start calling them luxuries because the majority of those out there will not have these items and not be able to afford them.

[TheStarVoyager]

[quote="uthminsta"]Sure they will! Precious metals have already made me rich! All you have to do is STOP measuring the value of your precious metals in dollars. That's measuring real money by using a fake-money measuring stick.
Seriously though... Ya gotta figure out WHY you stack metal. And it shouldn't be so you can make dollars.

I started pondering the question around 6 years ago. I had been reading all about monetary philosophy that denied the value of fiat money and the illegitimate (not constitutional) power of the Fed. It was the height of the Iraq War and the Bush administration. Ron Paul was going to be the savior, etc.

So I kept wondering: if US Dollars are not the basis of value for my metal, then what is it or what will it be? I knew that the ultimate answer was the intrinsic value of the metals, yet, somehow, I could not understand how that would work if everybody in the Matrix was still using dollars.

Well, now it's 2014, 6 years later, Bush is gone and so is Paul. The Iraq war has morphed into something else, but, the Matrix is still here.

So, what's happening and where is the wealth? (This is where I start getting stupid)

Maybe a friend.

jim

TheStarVoyager (Citizen of the Cosmos)
TheSilverXchange (Precious Metals trading company)
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