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Gold is a no brainer

Colin-Farrell-facepalm.gif
 
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I bought a large 3/4th sheet of AR500 for one of the ranges I go to.
It stood up to years of people hammering it with 50 cals and such

If it was past 200 yards I agree it would be fine. I accidently shot my 1/2" ar500 with m855 and not m193 doing carbine drills at 100 and 200 and got some nice dings in the steel.
 
Did you actually get any pass through or almost all the way through rounds, or just some little denting that you spray paint over & then go from there?

Oh no nothing even came close to penetrating just surface damage. Just small dents in the steel probably a millimeter or two deep tops. Not the end of the world.
 
What is the total supply of the world's mined/minted gold?

I once read/saw or heard a stat that the worlds gold supply would be equivalent to a level full olympic size swimming pool.....

Anyone know if that is BS?
 
What is the total supply of the world's mined/minted gold?

I once read/saw or heard a stat that the worlds gold supply would be equivalent to a level full olympic size swimming pool.....

Anyone know if that is BS?
no one really knows for sure, and as someone said on another thread chewing someone's else's ass out for posting hearsay, they said "we deal on facts only on the hide". I laughed
 
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buy the way if we ever have a SHTF , how warm is that pile of gold going to keep you? In a barter system, someone with a loaf of bread is going to want to trade for that box of 22 ammo or maybe a warm blanket, i don't see gold or silver being worth a damn. Also if it becomes so valueable, what are they going to pay you in, paper money?
 
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Very true. It won't be valuable during the SHTF, but it will still be valuable after it's over. So, as a way to preserve wealth (that's transportable and liquid) it's very good.
Screw your ammo. I've got a pallet of Charmin (the good stuff) TP in my basement. You'll all be petitioning me at my front door with cases of ammunition begging for a single roll. ;)
That said,...
They make more gold every day. Very little real estate is being made, and the stuff that is coming out of volcanoes isn't buildable. To me nothing is superior to land, period. Good, bad ugly, it's a fixed supply, it permanent, and it's "real" (unlike paper anything). A decent investment produces a 10cap, which blows the F out of the stock market most of the time, and consistently long term.

I know plenty of very wealthy people who don't own a single ounce of gold. I cannot say I know a single wealthy person who does not own real estate be it investment properties, vacation homes, family farms, etc. Doesn't matter. The down side is that it can take a long time to turn back into cash should you want to liquidate it. That's really the only down side, and if comes in more than 31 flavors at all price points and with all types of returns based on risk...

There you go.
 
Very true. It won't be valuable during the SHTF, but it will still be valuable after it's over. So, as a way to preserve wealth (that's transportable and liquid) it's very good.
Screw your ammo. I've got a pallet of Charmin (the good stuff) TP in my basement. You'll all be petitioning me at my front door with cases of ammunition begging for a single roll. ;)
That said,...
They make more gold every day. Very little real estate is being made, and the stuff that is coming out of volcanoes isn't buildable. To me nothing is superior to land, period. Good, bad ugly, it's a fixed supply, it permanent, and it's "real" (unlike paper anything). A decent investment produces a 10cap, which blows the F out of the stock market most of the time, and consistently long term.

I know plenty of very wealthy people who don't own a single ounce of gold. I cannot say I know a single wealthy person who does not own real estate be it investment properties, vacation homes, family farms, etc. Doesn't matter. The down side is that it can take a long time to turn back into cash should you want to liquidate it. That's really the only down side, and if comes in more than 31 flavors at all price points and with all types of returns based on risk...

There you go.
agree on the TT paper, i pick up a couple rolls quite often when i'm at Menards, my wife made a comment a few weeks ago, people working there must think we shit a lot. I just told her someday she may just thank me :) and ur right on the land, there is no more being manufactured, what there is , is all there is
 
Gold is a precious metal. Diamonds are only semi-precious stones based on their abundance in the places where you can find them. They only have value because those places are not common and there are cartels controlling them.

This is why I only buy free-market, diamonds from a conflict zone. ;)
 
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Gold is a precious metal. Diamonds are only semi-precious stones based on their abundance in the places where you can find them. They only have value because those places are not common and there are cartels controlling them.

This is why I only buy free-market, diamonds from a conflict zone. ;)

One of the most interesting chapters in "Diamond" was how Debeers etc created the wealth factor of diamonds, and then through marketing, fueled it into a frenzy. The market was created out of thin air. The value is completely artificial. Diamonds are worthless other than as abrasives or having a few scientific uses.
 
Lets get real! When the government comes for our gold and silver it will be mandatory to turn in all coins with a denomination at which you would be reimbursed at face value, a pittance of your investment and that followed by massive devaluation of the worthless paper they issue for the exchange. After things settle down, the winners will be the ones that invested in stockpiled medicine and commodities such as canned and dried goods, toilet paper, toothpaste, and alcohol. History has proven this more than once. Preppers rock!
 
...and when the crisis is over preppers will still be poormouths sitting on a stockpile of used and aging commodities and those who own a bunch of real estate will still be rich... :p

And, yes, your land can house and feed your family whereas a stockpile of Wheaties will still run out. How many people can actually survive in perpetuity when the power goes out and doesn't come back on in any discernable time frame? Prepping is great, but it’s only a very short term solution.
 
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Lets get real! When the government comes for our gold and silver it will be mandatory to turn in all coins with a denomination at which you would be reimbursed at face value, a pittance of your investment and that followed by massive devaluation of the worthless paper they issue for the exchange. After things settle down, the winners will be the ones that invested in stockpiled medicine and commodities such as canned and dried goods, toilet paper, toothpaste, and alcohol. History has proven this more than once. Preppers rock!

I'm not sure if you know, but the government also passed laws years ago that in an "emergency" they can send the SS to your house to take any and all "supplies" and your "prepper" stuff and haul it off at gunpoint with no compensation for "the good of the government".
If times are that bad, the police and the army will be the first among the looters.

Your gold on the other hand if you have at least some clue, can be buried, hidden, stashed in the lake etc a lot easier.

It all comes down to, don't advertise what you have stock piled & don't give a clue that you have stuff the communists may want, and diversify, you need stuff to have a good life before the bad times, stuff to carry you through the bad times, stuff to help you rebuild after the bad times & stuff to get you comfortable again in the good times.

This is why communications, prior plans, trusted fellow patriots, guns and ammunition are important if you want to be able to hold onto anything.
 
A doctor friend of mine believed in Y2K apocalypse, and liquidated all his wealth into gold in 1999 @ about $400/oz. Tons of people were dumping gold right after that and he kept buying. He sold most of it in 2011 when it hit $2000+.

I paid 317 per ounce as I was the same way...LOL. I bought quite a bit of it as well. Still have it all :)
 
What is the total supply of the world's mined/minted gold?

I once read/saw or heard a stat that the worlds gold supply would be equivalent to a level full olympic size swimming pool.....

Anyone know if that is BS?
Last a heard all the gold ever mined would fit into a cube 20m x20m x 20m.. What's the size of an Olympic swimming pool ?
 
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...and when the crisis is over preppers will still be poormouths sitting on a stockpile of used and aging commodities and those who own a bunch of real estate will still be rich... :p

And, yes, your land can house and feed your family whereas a stockpile of Wheaties will still run out. How many people can actually survive in perpetuity when the power goes out and doesn't come back on in any discernable time frame? Prepping is great, but it’s only a very short term solution.
If prepping is only a very short term solution you are not prepared.

What is rich exactly ?
 
If prepping is only a very short term solution you are not prepared.

What is rich exactly ?
Alright William Devane, do you work, or is your time spent managing your money because it’s doing all the work? That my definition; meaning there are more, “rich”, retired Baby Boomers than at any time in human history...

So how long can you stay home cut off? Or, are you bugging out?

I’m talking about sustainability, not prepping.
 
.[/QUOTE]
buy the way if we ever have a SHTF , how warm is that pile of gold going to keep you? In a barter system, someone with a loaf of bread is going to want to trade for that box of 22 ammo or maybe a warm blanket, i don't see gold or silver being worth a damn. Also if it becomes so valueable, what are they going to pay you in, paper money?

Gold and silver are not for shtf, they are wealth preservation for afterwards. ..... Shit has hit the fan many times during gold's long history, it has always been the only real money.
 
Lets get real! When the government comes for our gold and silver it will be mandatory to turn in all coins with a denomination at which you would be reimbursed at face value, a pittance of your investment and that followed by massive devaluation of the worthless paper they issue for the exchange. After things settle down, the winners will be the ones that invested in stockpiled medicine and commodities such as canned and dried goods, toilet paper, toothpaste, and alcohol. History has proven this more than once. Preppers rock!


And they will let you keep your other stockpiled shit?

Someone insert head scratch emoji here please........
 
That is pretty funny. I enclose 2 pics of 1 vault in the UK and 1 in Russia. There are many such vaults all over the world. We have two in the US that make these look small

View attachment 7015449

View attachment 7015451

The BBC article claims the world gold would be the volume of the Wimbledon court approximately 10 meters high.

Makes sense.

If there were shit megatons of gold it would just be copper.
 
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Alright William Devane, do you work, or is your time spent managing your money because it’s doing all the work? That my definition; meaning there are more, “rich”, retired Baby Boomers than at any time in human history...

So how long can you stay home cut off? Or, are you bugging out?

I’m talking about sustainability, not prepping.

I found out what real wealth was from a millionaire who invited me grouse hawking in Scotland many years ago.. One night he said "you can do what you want can't you " I asked what he meant and he replied " you are up here with your falcon and dog without a care in the world'... I replied, so are you . He said " I have worked for 30 years to be able to fly my birds when I want ".... That taught me I was just as wealthy as him, maybe more so. :)

You can only eat so much, you can only wear one set of clothes, and if you have any sense you will only have one woman..... There is nothing else, If you have that and freedom you have everything

I can stay at home cut off virtually forever. I have an acreage home in the middle of nowhere with my own well and wood burning stove. I can hunt where I live and grow my own food.

PS, I have only ever worked for myself.

This is a pic recently taken from my deck.
IMG_5998.JPG
 
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The BBC article claims the world gold would be the volume of the Wimbledon court approximately 10 meters high.

Makes sense.

If there were shit megatons of gold it would just be copper.

That is interesting as it would translate to 1.076 Billion ounces which is 1.291 trillion dollars. I suppose that does make sense.

Learn something everyday...that is why I come here
 
That is interesting as it would translate to 1.076 Billion ounces which is 1.291 trillion dollars. I suppose that does make sense.

Learn something everyday...that is why I come here


Your math sleuthing skills are impeccable.

Of course once someone drags that "Golden asteroid" floating in space and mines it they will have destroyed the reason for the investment UNLESS their name is DeBeers.

Supposedly the origin of our gold is space - undocumented meteorites.
 
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Find a gold chart showing a comparison with the S&P, then it will make more sense.

I have only owned precious metals since 2005, I know they have risen nicely since then. I also know gold and silver has been a store of value for thousands of years, I can see nothing that will change that.
Not impressed, especially with silver. Gold Dow Jones S&P 500 Silver

chart.png
 
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I'm not really believing the 20 x 20 x 20 story.
While rare I'll bet they have more than a little interest in the Debeers factor.
With governments involved it is almost a certainty.
FYI all gold is from "space".
The only place it can be made ,as a heavy element, is in a super nova.
As far as SHTF scenarios/solutions, all theory until tested.

R
 
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I'm not really believing the 20 x 20 x 20 story.
While rare I'll bet they have more than a little interest in the Debeers factor.
With governments involved it is almost a certainty.
FYI all gold is from "space".
The only place it can be made ,as a heavy element, is in a super nova.
As far as SHTF scenarios/solutions, all theory until tested.

R
Whether the 20 meters x 3 is accurate or not I could not say I don't think it really matters.... This is where it came from at 13:20.

https://www.youtube.com/watch?v=V-J7VpjMRfo

If you are saying that the gold price is manipulated you are right... It is suppressed as it challenges the dollar.

There have been many shtf realities, Gold and silver have withstood them all
 
I'm not really believing the 20 x 20 x 20 story.
While rare I'll bet they have more than a little interest in the Debeers factor.
With governments involved it is almost a certainty.
FYI all gold is from "space".
The only place it can be made ,as a heavy element, is in a super nova.
As far as SHTF scenarios/solutions, all theory until tested.

R


The means of extracting has become more efficient.

I understand companies can now rework old tailings and be profitable.
 
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If you think that preppers stock piles are a dead end you don't know what real prepping is all about. It doesn't mean hiding in a rat hole till everything is gone. Instead, it's about having the resources well placed for a new start, rotating and managing stored seed, alternate sources of water and food, pre-positioned supplies, bartering materials and networks of like minded neighbors, well armed and friends with the local Sheriff and LE. It's called community - we take care of each other and if called upon by local LE we can man road blocks or other tactical positions to protect the county. Many of us are prior military or LE and we're prepared to defend the American way.
 
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That’s not what I call “preppers”, or think about when you say that word. You didn’t say “zombie” once, so I’m not counting you. I know tons of people with buckets in their basements, AKs, and backpacks to bug out, and they “train” by playing x-box.

I do live in a major urban area though. Most folks who live an hour out from me aren’t “preppers”, but were prepared to be self sufficient for generations before that was even a word.
 
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