Rush To Safety: Americans Buy Nearly Half a Billion Dollars Of Gold and Silver In January

SHTF Plan ^ | 1-30-2013 | Mac Slavo

[blam]

I bought a few more 'junk' silver dimes a few days ago. I paid $2.30 each for them. (Insurance only...not investing for profit)

[Obama_Is_Sabotaging_America]

‘.22 LR’ rounds are right up there with silver & gold, if you can find them.

[DuncanWaring]

How much copper, brass, lead and blue steel did they buy?

[Pollster1]

Considering the waiting lists for guns and ammo, copper, brass, lead, blue steel, gold, and silver are the only parts of the economy that are not performing miserably. I hope the socialists are paying close attention. If they grab for absolute power, they will fail, but I would prefer to avoid a second civil war - if we can have genuine peace rather than surrender to totalitarianism.

[blam]

US Silver Coin Sales Hit An All-Time High In January

[Oldexpat]

How come gold has hardly moved in six months? Plus silver has been mostly flat for year. If demand is so strong..why have the prices stagnated?

[pabianice]

Rush To Safety: Americans Buy Nearly Forty Million More Firearms and Two Billion Rounds of Ammo since November Election

[Pollster1]

How come gold has hardly moved in six months? Plus silver has been mostly flat for year. If demand is so strong..why have the prices stagnated?

10 year gold prices

10 year silver prices

I'd say that the risk of having a communist in our White House has already been fully factored into gold and silver prices. There was, as you say, no major increase in the past two years (in fact a slight drop), but the rise under Pelosi and the first couple years of Obama was dramatic. A significant fraction of my investments are now in durable forms appropriate to the economy that Obama is creating.

[GOPJ]

Americans are no longer confident in the stability of the system as a whole...

I suspect people are worried the government is lying about the amount of gold they actually have ... and that 'investment groups' after greasing the hands of Democrats - might be selling paper gold that doesn't exist. Who knows? It's possible...

[blam]

[elkfersupper]

Think back to a few hurricanes, say Sandy and Katrina.

Serious collapses of infrastructure and society. No food, no fuel, no electricity, no government services.

Was anybody whipping out the gold and silver to buy something that wasn't there?

No.

[MrB]

$2.30 is a pretty good price, BTW...

Current melt value is $2.3155.

[MrB]

Don’t have any gold... but I have a lot of dirt now.

[palmer]

See the charts in post 8. Those are wedge formations that will break to the upside. Whatever the price is at the end of the wedge (e.g. 1650 for gold) will never be seen again, however it might take another year to break the wedge.

[w4women]

The dollar did not collapse then. Once it is no longer the world currency, the dollar will be worth zip.

[blam]

"$2.30 is a pretty good price, BTW..."

Yup. I know...he wanted $2.60 each...we bought all he had, about $2,000 worth, worked out to be $2.30 each. (It was at a flea market...he was a snowbird from Wisconsin))

[elkfersupper]

Barter value only. Marginal and questionable intrinsic value. Not a medium of exchange

[Pollster1]

Dirt is a good investment - to some extent, the more remote the better.

[Jet Jaguar]

Thanks Blam.

Goldbug Ping.

[bert]

Tulip bubble...... the word on the street is that ammo is worth more than gold