Well...that's comforting...
Comments
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When I use the term "hard assets", I mean useful shit people need and want. Housing, land for more housing, means of transportation ... shit you either have to have or that most people really really want. When all that shit becomes unaffordable based on your currency's buying power, it becomes the crack of society. Gotta have it.Blu82 said:
Metals are the hardest of hard assets.creepycoug said:
What I always wonder is, when the shit really and truly hits the fan, will anyone really want to barter with shiny metal? I mean, who fucking cares? If you're not making jewelry, or one or two industrial applications, it's useless. People might immediately react by running to it; but eventually realize you can't eat it, sleep under it, or use it for much.greenblood said:This is why I'm a fan of having a small portion of physical gold and/or silver. Gold is tough to hold physically as it costs you over $1800 right now for a single 1oz coin (I know, I'm poor). So I've been buying little chunks of silver each month. I'm buying about 10oz per month right now, just to build to about 200-300 ounces. Buying Silver and Gold won't make you rich, but it's always going to have value.
The annoying thing right now is, everybody else is doing it, so the premium over spot is ridiculous. A year ago you could buy silver at .69 per once over spot. Now it's $5.00 per ounce over spot. So if the price is $27, you're paying $32 for the same silver. I've never seen the premium this high before. So I might actually hold off until supply can catch up.
Hard assets will rule the day if it gets bad enough.
We have 5,000 plus years of evidence. -
Hard metals have been the bartering king since before the Roman Empire.creepycoug said:
When I use the term "hard assets", I mean useful shit people need and want. Housing, land for more housing, means of transportation ... shit you either have to have or that most people really really want. When all that shit becomes unaffordable based on your currency's buying power, it becomes the crack of society. Gotta have it.Blu82 said:
Metals are the hardest of hard assets.creepycoug said:
What I always wonder is, when the shit really and truly hits the fan, will anyone really want to barter with shiny metal? I mean, who fucking cares? If you're not making jewelry, or one or two industrial applications, it's useless. People might immediately react by running to it; but eventually realize you can't eat it, sleep under it, or use it for much.greenblood said:This is why I'm a fan of having a small portion of physical gold and/or silver. Gold is tough to hold physically as it costs you over $1800 right now for a single 1oz coin (I know, I'm poor). So I've been buying little chunks of silver each month. I'm buying about 10oz per month right now, just to build to about 200-300 ounces. Buying Silver and Gold won't make you rich, but it's always going to have value.
The annoying thing right now is, everybody else is doing it, so the premium over spot is ridiculous. A year ago you could buy silver at .69 per once over spot. Now it's $5.00 per ounce over spot. So if the price is $27, you're paying $32 for the same silver. I've never seen the premium this high before. So I might actually hold off until supply can catch up.
Hard assets will rule the day if it gets bad enough.
We have 5,000 plus years of evidence. -
But they only have fake valuegreenblood said:
Hard metals have been the bartering king since before the Roman Empire.creepycoug said:
When I use the term "hard assets", I mean useful shit people need and want. Housing, land for more housing, means of transportation ... shit you either have to have or that most people really really want. When all that shit becomes unaffordable based on your currency's buying power, it becomes the crack of society. Gotta have it.Blu82 said:
Metals are the hardest of hard assets.creepycoug said:
What I always wonder is, when the shit really and truly hits the fan, will anyone really want to barter with shiny metal? I mean, who fucking cares? If you're not making jewelry, or one or two industrial applications, it's useless. People might immediately react by running to it; but eventually realize you can't eat it, sleep under it, or use it for much.greenblood said:This is why I'm a fan of having a small portion of physical gold and/or silver. Gold is tough to hold physically as it costs you over $1800 right now for a single 1oz coin (I know, I'm poor). So I've been buying little chunks of silver each month. I'm buying about 10oz per month right now, just to build to about 200-300 ounces. Buying Silver and Gold won't make you rich, but it's always going to have value.
The annoying thing right now is, everybody else is doing it, so the premium over spot is ridiculous. A year ago you could buy silver at .69 per once over spot. Now it's $5.00 per ounce over spot. So if the price is $27, you're paying $32 for the same silver. I've never seen the premium this high before. So I might actually hold off until supply can catch up.
Hard assets will rule the day if it gets bad enough.
We have 5,000 plus years of evidence.
If it weren't metals it'd be food or women or whatever.
We should go back to bartering for women -
Better off with seedscreepycoug said:
What I always wonder is, when the shit really and truly hits the fan, will anyone really want to barter with shiny metal? I mean, who fucking cares? If you're not making jewelry, or one or two industrial applications, it's useless. People might immediately react by running to it; but eventually realize you can't eat it, sleep under it, or use it for much.greenblood said:This is why I'm a fan of having a small portion of physical gold and/or silver. Gold is tough to hold physically as it costs you over $1800 right now for a single 1oz coin (I know, I'm poor). So I've been buying little chunks of silver each month. I'm buying about 10oz per month right now, just to build to about 200-300 ounces. Buying Silver and Gold won't make you rich, but it's always going to have value.
The annoying thing right now is, everybody else is doing it, so the premium over spot is ridiculous. A year ago you could buy silver at .69 per once over spot. Now it's $5.00 per ounce over spot. So if the price is $27, you're paying $32 for the same silver. I've never seen the premium this high before. So I might actually hold off until supply can catch up.
Hard assets will rule the day if it gets bad enough. -
This is why I'm stockpiling barrels and barrels of water-based lube.creepycoug said:
When I use the term "hard assets", I mean useful shit people need and want. Housing, land for more housing, means of transportation ... shit you either have to have or that most people really really want. When all that shit becomes unaffordable based on your currency's buying power, it becomes the crack of society. Gotta have it.Blu82 said:
Metals are the hardest of hard assets.creepycoug said:
What I always wonder is, when the shit really and truly hits the fan, will anyone really want to barter with shiny metal? I mean, who fucking cares? If you're not making jewelry, or one or two industrial applications, it's useless. People might immediately react by running to it; but eventually realize you can't eat it, sleep under it, or use it for much.greenblood said:This is why I'm a fan of having a small portion of physical gold and/or silver. Gold is tough to hold physically as it costs you over $1800 right now for a single 1oz coin (I know, I'm poor). So I've been buying little chunks of silver each month. I'm buying about 10oz per month right now, just to build to about 200-300 ounces. Buying Silver and Gold won't make you rich, but it's always going to have value.
The annoying thing right now is, everybody else is doing it, so the premium over spot is ridiculous. A year ago you could buy silver at .69 per once over spot. Now it's $5.00 per ounce over spot. So if the price is $27, you're paying $32 for the same silver. I've never seen the premium this high before. So I might actually hold off until supply can catch up.
Hard assets will rule the day if it gets bad enough.
We have 5,000 plus years of evidence. -
Hard metals have been the bartering king since before the Roman Empire.
@pitchfork said: But they only have fake value
If it weren't metals it'd be food or women or whatever.
We should go back to bartering for women
Post of the day....
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Not only have the central banks around the world gone crazy with buying corporate bonds to provide big board listed company liquidity regardless of credit worthiness ~ but now they are intervening in lightning bolt down move equity market downturns in order to squeeze short sellers... the very bizarre new normal.
They have now taken the position that the central bank owes it to society to protect the value of the financial markets in order to maintain marketplace solvency, and more specifically to protect the cash flow value of tax receivables in order to continue to fund government obligations. An example: Japan now owns the largest market value of stocks in the Japanese economy [owns more than 50% of ETF's). Interesting experiment to say the least. -
Bullets and Beans. This thread is worthless without my beautiful red friend and our favorite bug killer, @Swaye .1to392831weretaken said:
This is why I'm stockpiling barrels and barrels of water-based lube.creepycoug said:
When I use the term "hard assets", I mean useful shit people need and want. Housing, land for more housing, means of transportation ... shit you either have to have or that most people really really want. When all that shit becomes unaffordable based on your currency's buying power, it becomes the crack of society. Gotta have it.Blu82 said:
Metals are the hardest of hard assets.creepycoug said:
What I always wonder is, when the shit really and truly hits the fan, will anyone really want to barter with shiny metal? I mean, who fucking cares? If you're not making jewelry, or one or two industrial applications, it's useless. People might immediately react by running to it; but eventually realize you can't eat it, sleep under it, or use it for much.greenblood said:This is why I'm a fan of having a small portion of physical gold and/or silver. Gold is tough to hold physically as it costs you over $1800 right now for a single 1oz coin (I know, I'm poor). So I've been buying little chunks of silver each month. I'm buying about 10oz per month right now, just to build to about 200-300 ounces. Buying Silver and Gold won't make you rich, but it's always going to have value.
The annoying thing right now is, everybody else is doing it, so the premium over spot is ridiculous. A year ago you could buy silver at .69 per once over spot. Now it's $5.00 per ounce over spot. So if the price is $27, you're paying $32 for the same silver. I've never seen the premium this high before. So I might actually hold off until supply can catch up.
Hard assets will rule the day if it gets bad enough.
We have 5,000 plus years of evidence.
Who, more than he, knows more about the downsides of bartering. You can't speak to this topic until you've ceded 100,000 acres of timberland for a box of beads and some white man's devil water. @Swaye #Tugpost -
Can you connect the dots for me on the highlighted part? Just amplify a little. I'm not at your level on this stuff.DawgsCanDance said:Not only have the central banks around the world gone crazy with buying corporate bonds to provide big board listed company liquidity regardless of credit worthiness ~ but now they are intervening in lightning bolt down move equity market downturns in order to squeeze short sellers... the very bizarre new normal.
They have now taken the position that the central bank owes it to society to protect the value of the financial markets in order to maintain marketplace solvency, and more specifically to protect the cash flow value of tax receivables in order to continue to fund government obligations. An example: Japan now owns the largest market value of stocks in the Japanese economy [owns more than 50% of ETF's). Interesting experiment to say the least. -
Bullets, beans, and blankets.creepycoug said:
Bullets and Beans. This thread is worthless without my beautiful red friend and our favorite bug killer, @Swaye .1to392831weretaken said:
This is why I'm stockpiling barrels and barrels of water-based lube.creepycoug said:
When I use the term "hard assets", I mean useful shit people need and want. Housing, land for more housing, means of transportation ... shit you either have to have or that most people really really want. When all that shit becomes unaffordable based on your currency's buying power, it becomes the crack of society. Gotta have it.Blu82 said:
Metals are the hardest of hard assets.creepycoug said:
What I always wonder is, when the shit really and truly hits the fan, will anyone really want to barter with shiny metal? I mean, who fucking cares? If you're not making jewelry, or one or two industrial applications, it's useless. People might immediately react by running to it; but eventually realize you can't eat it, sleep under it, or use it for much.greenblood said:This is why I'm a fan of having a small portion of physical gold and/or silver. Gold is tough to hold physically as it costs you over $1800 right now for a single 1oz coin (I know, I'm poor). So I've been buying little chunks of silver each month. I'm buying about 10oz per month right now, just to build to about 200-300 ounces. Buying Silver and Gold won't make you rich, but it's always going to have value.
The annoying thing right now is, everybody else is doing it, so the premium over spot is ridiculous. A year ago you could buy silver at .69 per once over spot. Now it's $5.00 per ounce over spot. So if the price is $27, you're paying $32 for the same silver. I've never seen the premium this high before. So I might actually hold off until supply can catch up.
Hard assets will rule the day if it gets bad enough.
We have 5,000 plus years of evidence.
Who, more than he, knows more about the downsides of bartering. You can't speak to this topic until you've ceded 100,000 acres of timberland for a box of beads and some white man's devil water. @Swaye #Tugpost
