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Used to walking two miles to the local market, I now have to struggle across a parking lot. My beloved manual-shift pickup is becoming too much work to drive.
Heavy ibuprofen helps - numbs the pain.Really don't know much about arthritis, have you been to a doc? Tried pills?
I just got this image of butt-heads painting the sides of copper-sandwich slugs, with metallic silver paint.Best SHTF is junk silver because everybody that will survive knows what it is already.
not in my opinion........if we do i could see a sharp peak spike for a day etc .....its hard for me to see more than 30% gain but i will take it if it comes.......i would be estatic with 40Best SHTF is junk silver because everybody that will survive knows what it is already.
Will we see $50 AG this year?
To circle back...and some food for thought...
We all know the risks in paper/fiat. Every such asset is someone else's liability. The laws are shifting, in favor of the (connected) debtor - to marginalize the asset-holder, the creditor.
We all know of the book The Great Taking. Webb documents how commercial law is changing, creating a new ownership class - "beneficial" owners, as opposed to secured owners.
We know of bail-ins that can now legally be imposed on bank depositors. Remember how the law was wiped away, with Chrysler LLC's preferred bondholders?
Well, there's a moar elemental danger with stacking.
Theft by fraud.
I got burned. BIG time - by Silver standards. Sixty ounces of POT METAL.
I bought this back 14 years ago. First I bought a couple of hundred-ounce bars, back in the GFC days, because, if you remember, there was a shortage of gold. And silver, in desired form.
So I bought them, but didn't want to keep them that way. A hundred ounces is useless, except to industry. I got sixty plastic-packaged 1-oz bars.
Now, at the time, I was a n00b to stacking. And in fairness, I'll point out that the shop also gave me a few 10-oz bars to round up the difference, from the 100-oz I was selling.
But I kept those one-ounce bars, bottom of my boat-wreck.
With talk of taxing PMs as investment - excepting Constitutional U.S. Mint issued denominated currencies - I thought it was a good time to get rid of pretty bars for scrap rounds.
So I took the six plastic sheets of ten in, to sell them.
My guy tested them - as he always does. It didn't move the needle (the electronic bar). Not set for 999; not set for 90; not set for 80-percent.
Nothing reading at all. He weighed it; it was almost 20 percent over an ounce.
No sale. We have a metal recycler in town with a complex metal-composition tool; my bullion guy sent me over.
Pacific Recycling tells me, it's a copper-zinc alloy, with a bit of iron. A PLATING that's less than a percent silver on the face. We ground the plating off a corner, and there it is - the alloy looks like copper.
Screwed on 60 ounces. At current prices, the loss is $2k. I can deal with it, but I don't like to be played for a fool.
I bought them before I moved to Montucky. My current guy, tests everything - and offers to test stuff he sells. I have no doubt what I buy there is real.
But, back then...I didn't know the tools. My current guy says the electronic tester (for silver) wasn't even commonplace in 2012.
What IS commonplace, is the fraud. Little did I know...the mint, World Treasures Mint, has been well known and talked to death on Reddit for its fraud. There's a deceptive ad running, even now, on Flea Bay by fraudster JulianCoin.
www.ebay.com/itm/186066074390
You know he's a fraud when you read the glowing feedback by bots. That damn bar he marks NOT 9999 silver, is priced much higher than actual silver.
My own frauds look similar, but do not have the circular border on the image. Seems the World Treasures Mint uses various faces of US coins, copies them, and pastes them on bars. My set of copper bars have an indian head, but no round border. Those with the borders (there are several examples online) are a bit more obvious to spot as copies of coins.
No matter. I looked at those bars for over a decade, and never knew.
FWIW, on the discussed frauds by WTM, they say - and illustrate - that on the back, it says "In Clad We Trust." Well, I took out the jewelry magnifier, and my own say, clearly, "In God We Trust." Apparently the WTM Chin were upping their game, when they cranked out mine.
Scrap value for these things, based on copper prices, is about $5. So with the loss I've already taken, and $5 to have them tested at Pacific, I got nuffin.
Less than 2 years and this needs to be updated. And it wiil probably need to be updated again in a year or 2. Todays numbers,........I've got it in my head that a dime in todays $$ is worth about $2-3, a quarter is $5-7, and a half dollar about $10-13. As Tazz said no one knows what's coming our way but I'm looking for what I think will be easiest to barter. Truth be known,.....Everyone here is way ahead of the game, especially if you've been stacking for a decade or more and have been doing so as a hedge. If you're debt free even better.
if you're concerned about the internet going kaput, go to coinflation.com and print the conversion for your 90% silver junk coins.
...
It will be worth what someone will pay. As always.If the internet goes kaput, will anyone know what their silver is “worth?”
Could scrounge a sears catalog from the 1950’s as it is all priced in junk silver
Side note: $100 bills have been worth their weight (~ 1 gram) in gold for a while now. Gold is actually less weight than hundreds. Carry gold
What I love best about Pms is that unless you spend $10k or more in a single transaction this wretched Govt. doesnt even know you have it. And in most states its not even tax'ed. Honestly I dont know why all these countries that allow their own sneak thief Govt.'s to lay 20$ tax's, or more, on their bloody silver allow then to get away with it. We'd go bananas here if they tried that shee'it.
Sadly I mostly agree with you. Americans have got mostly sheepish. But I was talking about a 20% or 22% VAT to support the welfare state. And many states wouldn't tolerate it. As well I have to agree with you that most people simply dont understand the benefits of PM ownership. Among my friends in the solid middle class few accept it. Instead they keep large amounts of fiat currency in low return accounts and figure they are rich.with all due respect.....they could tax it here and 90% of the population wouldnt even know it happened much less complain about it ..... i have been involved in real money legislation in my state MO for years and finally got it passed, but today if i went out on the streets and asked 1000 people i would be lucky to find even 1 that had a clue about the law that just passed or real money or the benifits of commodities like gold and silver..........probably the only thing that is getting the word out is the constant adds on TV about gold, while i believe most are scams at least they are bringing the issue of Gold to the table for people to at least think about
just my opinion sir
... without stimulating the economy and putting the brakes on the welfare state while creating good paying jobs ...
Agreed. Without question.Javier Milei in Argentina has proved that the only thing government needs to do is take a chainsaw to their spending. Government is like a tumor that endlessly grows and kills the patient. It needs to be excised/cut back when it grows too large.
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