Posted on 05/13/2013 5:08:26 AM PDT by blam
"The gist: The Fed is seriously thinking about how it might begin the QE wind-down process. "
Look for a “runup” prior to the dive into the abyss.
It’s like erecting a ladder next to the cliff. The cliff itself just isn’t high enough for some people to fall off of - they have to climb higher.
You mean how the Fed is gonna quit ordering transferable scrip in electron form to the tune of $85 Billion per month for the last umpteen months to buy its own T-bills to ‘equitize’ what they spend on corrupt programs and propping up the market?
I don’t have the resources to buy precious medals of the market kind. I paid off my house, all my debts, my resources are liquid. I don’t have enough to dabble in a metal market that costs a bunch to get into and is problematic in its disposal.
My only dabbling in commodities is Iron/steel, wood, leather, brass, copper, and lead.
——The domestic banks deposit these funds back into their respective central banks to earn risk free interest. ——
They are being paid now for losses that will occur when the inflation really begins and loans financing the debt decrease in real value.
Has anyone actually seen the gold at Fort Knox?
na.... sea shells are where the real action is!
Sea Shells have been used as currency for most of human history, and are extremely undervalued currently!
You know what they say buy low and sell high!
I am placing a “strong buy” on sea shells.
Gold may be worth owning, but it’s not that easy to spend. Need a loaf of bread and a half gallon of milk? How does 7/11 make change for that Krugerrand?
What type of gold do you recommend buying? US Mint coins? Krugerands? Maple leafs?
I might suggest that lead and brass in a certain form might even be a better investment for your long term security.
LLS
Dont forget toilet paper.....THE primary currency of the post-SHTF world.
No Magpul products?
:-)
LLS
My wife convinced me to by the 1/10 oz gold coins since they are actually affordable ($145.00) recently.
Buy one a month and you have an oz. of gold at the end of the year. We gave up 4 magazine subscriptions and an Easton PRess book a month subscription to make up the difference in spending on the family budget.
When I was a young boy and lived with my mom and grandpa in a three room house with only electricity, a well, a coal burning stove - AND an outhouse...there was a bucket with water and a bunch of corn cobbs in it...guess what it was for?
Let's be glad gold's not money. If it were then we'd be dealing with 32% inflation since last Oct.
I bought Krugerrands in the early 90's (I retired at the end of 1994) and most recently I've been accumulating 'junk' US silver coins. (both are legal currency...if that's worth anything.)
Fractional gold coins and 1 oz silver coins are not expensive and if you want to sell them, coin shops are begging for people to sell them gold and silver. And when fiat money is useless you will wish you had some Mercury dimes and Walking Liberty halves.
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