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408 (food for thought)
Blueduck
Member Posts: 1,487
in Tug Tavern
It's estimated by many people I've listened to that for every physical ounce of silver mined, 408 pslv shares are traded that cannot be delivered.
If you understand that ratio, you can see the manipulation that is being orchestrated.
What is the true value of physical silver?
Do your own research.
If you can't hold it in your hand, do you really own it?
Just food for thought 🤔
Comments
This is why I like to self-mine most of my silver portfolio. At least 80%. It's worth the trouble. Bird in hand and all that.
Gold and silver have both been artificially manipulated for years.
I don't know the answer to it's true value but I have a chunk and if things go sideways it'll be worth a lot more than I paid for it! Plus I can hold it and hand it to someone as payment. No computer, phone or government involved. I have a large supply of lead as well and it'll be worth more than silver.
If SHTF, it will be better to have coins than a ‘chunk’. As currency, who can make change?
.
All I have is coins. I was referring to weight. They call them monster boxes.
I've made it a point to buy as much 90% as I can get my hands on. Pre 65 quarters and dimes will make it a lot easier for small trades and making change.
If SHTF, it’s best to have lots beans and bullets over any type of currency.
Natural selection has taken a step back coddled Western governments coddled (and also largely comprised of the same types in terms of governmental workforce) the weakest and least talented among us. The Great Reset, indeed.
I have 12 rolls of Buffalo nickels that are still in coined Buffalo nickel form, a personally signed Alex Rodriguez rookie baseball, and tons of Jay Buhner memorabilia. And that's all I need.
I'm set on bullets and beans. Bullets especially. Along with things that go Bang or are quieter and make a loud poof. Night vision is in the works. My neighbors are pretty well armed too. If not I can arm them all.
I have three packages of dehydrated food.
Canned goods are your friend and pretty cheap. Literally a variety of dried beans, rice, flour, pasta, oatmeal, cornmeal etc. Order some 5 gallon ziplock mylar bags from Amazon, home depot buckets with lids and oxygen absorbers and a large heat sealer. Put your dry goods in and an oxygen absorber squeeze out air best you can seal the ziplock then I heat seal above the ziplock. Everything buy the flour can go 20-30 years. Flour stored that way probably 3 to 5 years. Add canned goods (good until the can bulges) like meat and dry sauce mixes and butter, milk powder etc. available at most Walmarts. A cheap investment. You can buy a little at a time every time you shop of the more expensive items. Just do it weekly until you are satisfied with how much you have. I also have several cases of good MRE's which are great if you need a travel somewhere.
FYI all the cheap buckets of survival food at Costco etc. are basically just carb like I listed above and some sauces at 6 times the price.
I own 2 gold claims. I got a couple ounces this summer just messing around.