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Front-Line Observations From A Seasoned Gold & Silver Bullion Dealer
Submitted by Adam Taggart of Peak Prosperity,
Spikes and plunges in the U.S. dollar price of gold; this is not new. It goes back to the early 1970s. We remember that for most of the past 40 years, physical gold and silver investors, particularly in the U.S., tended to chase big rallies and buy late, while too often selling after plunges or after long periods of price erosion. Gold was sold then primarily as an inflation hedge. When it was working, speculators bought much more. When it stopped working as an inflation hedge, they first became puzzled and frustrated, then fearful, and they sold out at bottoms.
So, fast-forward to this month, and today’s gold community starts to look a bit different as the breakdown below previous gold and silver price support levels began, and especially last week, with gold going below $1400. Physical buyers were outnumbering sellers in our store by at least 5 to 1. And some of the unfortunate sellers had not changed their thinking about gold long-term; they just needed fast liquidity, which is another benefit of gold.
80 – 90% of the people who have bought gold from us in the last two weeks on the drop were already gold owners, already gold savers.
Their attitude is, gold is on sale
Robert Mish kindly took a break from operations at his bullion dealership to return for another conversation with Chris on what he's been observing on the front lines this week, transacting with both retail and wholesale customers.
Gold
Gold is a little bit backlogged. The premiums are slightly elevated. Products commonly traded, such as gold maple leafs, American eagles, and refiner one-ounce bars are 2-3 weeks out. And for some of my colleagues further away in the supply chain, 4-6 weeks out. The premiums are up to maybe $5 to $15 dollars an ounce over normal.
Silver
Silver is another story. The demand for silver has completely overwhelmed existing inventories and the ability of the mints and their refiners to produce more product. The other big mystery is: how much more silver is there to make product out of? Will the buyers be able to keep the pressure on until the price of [physical] silver and paper silver have to move up just to return the market’s equilibrium? Right now, 100-ounce silver bars, which a few months ago were trading dealer-to-dealer around melt or a little over, are now 75 cents to a $1 an ounce – not retail, our cost – and 4 to 8 weeks out. 1-ounce and 10-ounce refiner product used to be 30, 40, 50 cents. Now it’s $1.10-$1.25, our cost, 2-4 weeks out. Silver maple leafs, our cost from the prime American distributor of the Canadian Royal Mint today: $3.75. It was $1.70 a month ago. 3-4 weeks out. Silver eagles, normally a little over $2, they are $5 if you want them live; $4 if you want them in 4-6 weeks.
These premiums are the physical market saying, we are willing to pay this for real silver right now. Whether the suppliers can meet this demand and bring the premium down, we’ll see weeks from now. It is much different this time than it was in the past, in that the drop in price is bringing in buyers rather than sellers. It used to be that a rally would bring in the buyers. So we have had an important change.
The Big Picture
The powers that be guided a lot of that potential demand into paper gold and exchanged traded products of various forms. Then they slaughter those products, and I’m sure in their mind hopefully discouraged those people for a long time. But in time, changing cultures and the prosperity of people internationally in cultures which understand gold, I think is going to take its toll on the shorting game. And the shorting game will end badly. And that doesn’t mean that those who have the other side of the equation necessarily will profit, because they will find a corrupt way to burn them.
What we have now is a game of chicken between the physical buyers and the paper shorters. It is like, who will quit first? We have a shortage of physical product. But we are told by the mint distributors and the refiners Oh, don’t worry. In two, three, four, five weeks your orders will arrive. If the buying continues at the pace it’s going, or begins to expand to a greater percent of the population in this country and worldwide, eventually, by asking for delivery, the physical buyers will change the game. It is a poker game of both real cards and bluffing. Are the shorts bluffing? Yeah. But they get away with it over and over again. This time when the longs fold as they have in the past, the shorts, they sandbag the river. But the flood of fiat currency keeps rising. If buyers would stick to their guns and develop habits and understand why they buy gold and silver, the shorts will run out of sand.
Robert also shares details on the buying activity of his Asian clients. There is much for the West to emulate, particularly if it does not want to wake up one day realizing it has dis-hoarded the bulk of its bullion overseas.
Click the play button below to listen to Chris' interview with Robert Mish (41m:34s):
Click here to read the full transcript
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A game of "chicken" indeed. Then bring it. In fact, I am going to margin call those chickens. We have chickens out here. Do you?
Someone please tell me how gold and silver will go up in price in a deflationary environment? The baby boomers are passing their peak spending years, and are looking to liquidate and downsize. If no one can buy stuff, corporations can't make stuff, people don't get hired, unemployment goes up, houses get cheaper and go on the auction block, bankruptcies increase, prices drop...etc.
We have at least another decade of deflation, while the elite banksters defend their petrodollar to the very end. How is it that you think gold and silver will not drop as well?
"everything has a price." should prices fall for say "100 acres of land" at a far greater rate than the gold price then suddenly "maybe they'll sell it for ten ounces of gold that used to worth 3000 bucks a decade or so ago." this is why "solving a debt problem with more debt" should be applauded if you're (occasionally) into parting with your gold. i don't recommend paying your taxes with your gold however.
" knowshit " you " don't ". Have to assume you & ilk run those tacky we buy gold for scrap slops fobbing of the down on their luck, can't pay the rent this month unfortunates. Send me your wedding ring and next day after we value it we send you half its value ( thanks sir wanna arsefuck my wife into the bargain ).
Everyone seriously invested in PMs (as I am) has to be concerned with the D word (deflation). Temporary stock problems with PM dealers is a distraction. The only place to be during long term deflation is in cash not PMs. Not sleeping to well these days!
Real rates still negative? Check.
Currency debasement still rampant? Check.
Banking sector still morally and financially insolvent? Check.
I'll stick to the plan for now, thanks.
Those who understand sound money have entirely different definitions of saving and investment than those who have no idea what sound money represents. And so it is not at all mysterious that most, meaning 98% or more of Westerners, including Wall Street, most 'financial consultants' and most central bankers, have no comprehension as to how gold and silver savers think. And that is what's going to determine who survives and prospers from the disastrous wealth transfer that is coming. In fact, those who don't understand sound money are the same who do not, can not and will not see that wealth transfer coming.
Alright, fine. Everyone will hate me. It just really depends on when you buy and sell. Even more so is whether you have posession or not.
http://www.boatingaccidentnews.com/doctor-copper-is-not-feeling-well/
Link pimping, soggy business.
That's not really a link pimp fuu.
I was merely kraken wise.
No worries then.
Not hating you, manipuflation. Just suggesting that ordinary folk should keep their physical gold and silver for now, and traders can ride the volatility before the price of gold balances the foreign debt of the U.S.A., as that is gold's purpose as the one true lasting real money which is why central banks are buying gold for the first time in decades, as they print paper to oblivion for their political pets.
New England: I have NO issues with you. I advise folks to buy some silver dimes. Buying silver dimes makes the most sense for all of us on ZH.
Why were there so many 1913 Morgans?
????
Morgan silver dollars were not minted between 1904 and 1921.
I agree, gold speculators buying at 1700 and selling now are losing money, just like speculators shorting at 1700 and covering now are making money. But most of us here aren't speculators, we're buy-and-hold for long term wealth preservation, and yes we'll have the last laugh when USD collapses some day ...suddenly, without warning.
Disclosure: No gold holdings, but silver is looking pretty interesting lately.
Can you tell me when that collapse will happen?
Since you are so damn sure that one ill happen, maybe the collapse that you are talking about is linked with the Mayan end of times....
Or...
Marshall Aplewhite of Heavensgate.
Or...
Y2K (them thar banks are gonna collapse, cause they don't 4 digits)
I buy gold and silver (and loose them very same metals in continuous boating accidents) because it makes good operational sense to purchase these items.
AND NOT BECAUSE SOME NUMBSKULL PASSED BUMSCOOP ABOUT A SO CALLED "COLLAPSE"
So, if you can't give a time and date for when the COLLAPSE will happen, my recommendation is to keep that to yourself.
we'll kill the dollar
Once you grab the tiger by the tail, what is your plan for the tigers teeth??? Methinks that this hasn't been well thought out.
Ok, so the dollar is killed. Then what?
From what I have read on this site and others is that there is A VERY SMALL FRACTION of folks who have gold and silver. So what about the rest of the US citizens who DONT have gold or silver.
Or...
is there going to be a TRAIN WRECK decades or longer from now. Because a sudden collapse of the dollar and our society doesn't sound to appealing. Even those with gold/silver may not escape the conflagration that would consume a century of malinvestments.
Am I wrong?
"Because a sudden collapse of the dollar and our society doesn't sound to appealing."
You wrongly assume that a collapse of the US dollar and society are necessary mutually inclusive; they're not. In fact, I think it's highly unlikely. Will there be temporary market disruptions, supply chain issues, and localized riots by the unprepared? Almost certainly. It's why I have six months of supplies stored up to weather such a storm -- and the guns/ammo to protect it. But will the world devolve into some kind of MadMax scenario where it's every man for himself? I guess it could, but I think that's highly doubtful. I working under the optimistic assumption that a new currency will eventually be issued and the markets will get back to some semblance of normalcy. The difference will be that, on the other side of the reset, standards of living will drop and life will get much tougher for those who failed to hedge with precious metals.
The one thing that connects EVERY American is the dollar. What you get paid in for wages, what you pay out in debits. It's DOLLARS. But since there are very few people who are purchasing gold and silver and the dollar becomes worth less daily eventually being worthless.
So what will the end state be for those that DONT have gold and/or silver? Electronic money? New paper money? Or a combination of both?
Or just pay every one in salt?
Evidently WAMO wasn't paying attention to recent events in beantown. That was an Operational Test of urban Martial Law. As to his 2nd comment: yes, the tonnage of National Flesh is about to be sharply reduced.
That is one point of view. I stay away from INTENTIONS. The main reason is that it is hard reading what someone may or may not do. It is a BEST GUESS. At best .
However, I do take capabilities and develop courses of action from them.
Let's take a short stab at them.
Intention - Operational test of Martial Law.
Capability - it took THOUSANDS of cops to run down one terrorist. They eventually caught him after several days.
Lotsa cops at the Winchells and Dunkin donut shoppes.
Wonder if Tyler will cover the caters for the fat cat union guys and political meathead politicians who were getting ANOTHER free taxpayer funded meal.
WAMO556,
Cops did NOT catch him. A civilian pointed to blood on his property which lead to a boat.
Give credit were credit is do.
Authorities can't confiscate anything. If they were trying to demonstrate something the opposite occurred.
True that!
But the media says that it was the cops who did the catchin and nobody else!
If gold and silver are going to skyrocket in the future while the dollar goes to zero, then why are dealers filling ANY orders (other than what they need to keep the lights on and the doors open, especially when paid in fiat) and not just sitting on the bulk of their inventory waiting for the price to be bid higher? What's their motivation to sell at a today's price?
Any dealer worth their salt would be keeping 1 for every 2 they sold, stockpilling their own stash for nothing while making fiat selling rotating inventory.
These discount windows are when a good dealer with a well managed inventory price ratio can sell stock cheap, bring lots of customers in, add to their own personal stash while collecting enough fiat to purchuse more stock for the next cycle.
If you don't understand cycles and price management - don't become a dealer of anything because you'll loose your inventory and not have enough to restock it - happens to a lot of store owners in all kinds of retail businesses, they don't plan for the rainy days, they don't 'hoard seeds for winter' as the old adage goes.
Anything that's been around for 5,000 years and still has value, HAS my attention...
Gold savers? Don't you mean hoarders? LOL
Gold is no longer a safe haven it used to be primarily because of a faulty price discovery mechanism. The problem today is that the price of Gold is not derived by it's physical demand or supply but more by the speculative positions standing long or short on the commodity exchange like any other traded commodity, stock or currency.
The basic mechanism of price discovery (based on demand and supply for actual use) of anything traded on an exchange has been terminally infected by speculators having access to unlimited funds and super fast computers for trading leading to volatile price swings. This has been made worse by the launch of ETFs for anything and everything under the sun by the financial community.
The price of everything including Gold is likely to suffer when the speculators unwind their positions due to some event that they have not anticipated or foreseen.
http://www.marketoracle.co.uk/Article35345.html
www.letstalkmoney2012.in
I disagree. Eventually the physical market is going to overwhelm COMEX. For example, in an effort to liquidate and cover exposure in other positions (long or short), how do you sell something you don't have? I mean, are you going to nake short sell gold while buyers pile up behind you to take delivery? Eventually COMEX consumes itself. The spread is already widening between COMEX spot and the large physical purchases taking place elsewhere in the world. Would gold suffer in the event of deflation? Nominal price, Absolutely, but, its real exchange value doesn't change. Gold critics still can't get past the nominal price. And as someone earlier wrote, is exactly the reason why those that do not understand the function of PMs (its a currency hedge, not an investment) are going to get fleeced, should such a deflationary correction ever come. And to be fair, a lot of gold guys think $5,000 gold would be awesome. News flash. Its not. It only means that you are no worse off. But, your friends and family who did not participate in the long term commitment to Pms are going to be paying $100 for a loaf of bread. I've said it before, the only question that really matters to an owner of PMs is not whether gold goes to $5,000 or $50. The only question you ought to concerned about (evaluating), is which world would you prefer to live in - $5K gold, or $50K gold, because in my opinion, both would suck. $5,000 gold implies $100 bread and $20 gas. $50 gold implies zero bread and no cars.
That said, I don't think deflation is going to happen. CB's and governments are cornered by on the one hand yields rising in a deflationary environment, and on the other hand hyper inflation and escalating prices as CB's endeavor to suppress rates to avoid default and stimulate the economy such as what Kuroda is doing. Don't think that bond yields are not going to go negative, because, they are. The stock market is telling you that. This will have the adverse effect of increasing government insolvency and challenging central bank credibility. And because the liquidity theory of money and Keynesian monetarism is bunk (ala Lucas) there is really only one safe haven - PMs. COMEX and all its ETF's and their effect on exchange traded commodities eventually becomes irrelevant.
I don't think, hyperinflation is a possibility because the money being printed is not reaching the masses in the form of growth in the economy or loans to businesses. The money printed is sitting in the banks and is being either used to speculate in the commodity, currency and equity markets or being used to fund previously incurred losses.
There will be total breakdown of law and order and the economy before bread reaches $100 because a majority of the population won't have that kind of money to spend on buying bread and you can't keep the masses hungry for more than a couple of days before revolt.
I think deflation is more likely because
http://www.marketoracle.co.uk/Article35345.html
www.letstalkmoney2012.in
I don't disagree. But the velocity of money is more of an accounting identity phenomenon than it is a price phenomenon, though, not entirely (see Hussman). You are right that some of the decline in (v) can definitely be attributed to a decline in agg. demand at all prices. While Japan is experiencing price deflation pressures, it has been inflating the money supply forever. Important not to confuse the two. Do you actually think central banks have the luxury of deflating? In order to do this they have to sell bonds and the only way they can do that is by raising yields (rates), like Volker did. This will lead to government insolvency almost immediately. And finally, not sure how your last point leads to price deflation.
it's already been done "Pareto." just as Volcker did in 1981 so too did replacement Greenspan in 2006. unlike Volcker who wanted to crush inflation the nut job Greenspan wanted to end the world. "and he did." now we have a recovery (of sorts) but nothing like we had from 83-87. would you like to know what happened to ALL commodities in that time frame? "and incomes were booming then" as well. we've already had massive systemic failure. "it's all uphill from here" buddy. the Federal Government just sold out their entire safety net "for another shot at a bubble." and they've lost.
@Pareto... "How do you sell something you don't have?" It's easy... confidence. When is the Comex overwhelmed? Not until they get all their physical out of the vaults.
A quick peek under the tent was during the "Flash Dip" that occurred last week when the AP Twitter account was hacked and the fake twitter message was sent out about Obumma being hurt. While the Dow and S&P took a dive, what happened to PM prices?
That shows you that even the machines have baked into their programming that PM's are still a safe haven in times of confusion and or chaos.
Ask yourself a sound question. When does the Federal Reserve have to renew their charter?
http://www.newyorkfed.org/aboutthefed/history_article.html
Why not catch your next bubble appropriately. When you get caught in a Bernanke bubble clusterfuck, just click and drag your asset to safety. LOL
The Fed's current charter is perpetual.
Ok, I have been thinking this through. On a silver bullion site they are selling SAMURAI SILVER an that got me to thinking that if there is a collapse then Gold and Silver will once again become money. So here is the thought provoker.... How much gold and/or silver will be needed to pay your retainers and Men-at-Arms? 5-10 grams of gold a month for high quality personnel and 10-15 grams of silver a month PER PERSON.
No use stacking if you cant become a regional warlord at least. And, you would have to fight of the large inner city gangs as they spread this influence from the cities to the countryside....
Me wonders if folks here have been developing Oplans and contingencies, because there is more to this then just stacking metal.
Air, water, food, land, hard sites that control key terrain, etc etc....
Methinks that the banks and folks that are in charge NOW, might have a vote on whether they loose power and someone else gains power.
An old Afghan saying.... IF YOU HAVE MONEY, YOU HAVE FREINDS.
If you can't hold onto your money, your friends take it.
There are many useful sites that deal with these issues. Start at http://westernrifleshooters.wordpress.com, then work through the links.
the currency of choice now is default. you will never see gold as money ever again.
It is most interesting that the gold and silver market are small, relative to other markets, yet they are most significant fundamentally. That's why central banks on QE to infinity are nett buyers of gold for the first time in decades, as this latest experiment with paper money fails miserably, by design, predictably.
GATA was right all along. Ron Paul was right all along.
Nazionists are always wrong, and hateful warmongers, thieves.
Due solely to the Up and Down ratings, I am certain that gold will decline signficantly in the very near term...
"What we have now is a game of chicken between the physical buyers and the paper shorters. It is like, who will quit first? "
Wrong question. Who will be the last standing? And we all know.
http://gogoldjoe.blogspot.hk/2013/04/blog-post_18.html
It's real and happening here in hk. Hk only has a population of 7million, BUT, its the (preferred) place for 1.3 billion Chinese people to buy gold
No matter what intelligent crap (like trading trend of Paper market) said by some of respondents above, it wont stop a population having thousand years of habit of buying Real stuff. Don't need any "world gold council" telling us but we know where the real gold is accumulating.
How big is the "retail" power of these 1.3 billion population on things they need. Just search the recent "trend" of milk powder trade. Hk, uk, netherlands, Australia were running out of stock and started ban on "retail export" of milk powder through the border. Yes, even milk powder because they need it! hope you find it interesting and amazing
In the end the Fed/TPTB will buy out the bullion banks business, declare force majeur, pay out everybody in cash. Continue on QE until the fiat is cactus and ready to drop down the toilet...then declare a gold standard.
They have zero options other than to continue fiat creation, until something breaks the competitive devaluation balance and the USD tanks catestrophically.
The only option then would be to accept high/extreme/hyperinflationary risk....in a USD that is without confidence....or as a drastic measure to 'save' the currency at the 11th hour, decalre a gold standard and back it with all that unaudited imaginary 8000 tons gold reserve. So long as nobody is allowed to look at it they can get away with saying they have 8000 tons.
Message is for those that have gold or silver that is supposed to be stored by a US/Europeane bullion bank....get it or sell out and buy real bullion.
The fiat value of gold on a last minute gold standard would be.....
Also...come May the Australian budget deficit is expected to be around $20bn... that will tank the AUD and cause RBA interest rates to continue to drop.....AUD should devalue a fair bit (not the least on a more troubled China than before) and gold/silver in AUD spike.. ...so now or before the next budget might be a good time for Australians to buy bullion.
Just sayin.
so now or before the next budget might be a good time for Australians to buy bullion.
That time for Australians has come and gone,if you did'nt wake up ,smell the air and start 5 years ago you're screwed.The time is now ,for those still able,to find a quite place with arable land with a decent supply of water...Tough shit for those Aussies who prefer sport and tv.
G'day cobbers
All I can say is you are right but don't get too hooked on USA centric zh
I have to admit I added to my stack recently for the first time since dec 2011 but don't let the over abundance of preppers here make you bleak on Australia
A lot of the dudes here look longingly at oz , it has many things that tell that it won't be mad max for a while.
The Americans here complain a lot about their devalued currency as if it was their right to have cheap stuff forever... Not when Israel firsters drag them and us into dumb wars while inviting in the populations of said bombed nations to dilute the goyim.
Ultimately, a policy of devaluation to attain prosperity is flawed, especially when all major nations adopt similar policies. Everybody cannot have the cheapest currency.
Currency wars are not conflicts between equals. In the worst case, the US and Europe have the economic size and scale to retreat into near closed economies, surviving and retooling its economy behind trade barriers. This option is unavailable to smaller nations requiring access to external markets for its products and foreign capital.
Why is oz ok?
1. Commodities , tons of shit. Even labour couldn't fuck it up. The dollar won't go far with the race to the bottom going on.
2. A national identity. When people move to oz it's a long way and a commitment. That is a bond
3. Mercifully free of Islam and Zionism . Still a lot but not the problems of Europe or USA where they are taking over and have already taken over, respectively.
I'm running out of steam , you tell me the rest
i don't disagree with your overall thesis. where i do is with your glossing over of the "reset". that reset behind a trade barrier will be a very long and painful process. manufacturing is gone. it will not come back over night. and prices will sky rocket (or wages will plunge) under such a scenario. so the gold/silver play is good either way...
Ponzi Time is nearing its end bitchez. There are only so many places to throw the hot poatoe brfore it becomes too hot to catch anylonger. Too hot to handle bitchez. The unwind will be more then most could ever imagine. Talk on the street will be derivitives.good luck with that...
Nearly impossible for me to believe the level of mass insanity goldtards can rise to over their "precious'
All the gold mined throughout human history amounts to about 5 billion ounces.
That's about 3/4 of an ounce for every man woman and child on the planet
If everyone "stacked" they'd be pretty tiny stacks wouldn't they?
Given what's been lost through the ages, tied up in jewelry and art or locked away in some institutional vault (30,000 tons) the human "stacking" potential is even less
Now, of course not everyone is a "stacker' There are billions of people with nothing at all and millions are too busy rolling mercury between their toes to get the last flakes out of the last river before the zombie apocalypse you all await
I wonder "stackers"...when the fiat money system collapses, how will you hold off the army of zombies who didn't have the foresight to "stack"?
Which grocery store will you be buying your bread from with a dram of gold dust? Or will you convert your "stack" to fiat at some point?
"under Government orders" however. can't have a middle class bro. "that would stable, productive and give rise to possibilities." far easier to simply obliterate the American economy "and call yourself a winner." keep stacking. "God help me but i do love it so."
Hey have you seen akak?
http://goldnews.bullionvault.com/gold_central_banks_052420101
" But you may ask, what purpose do gold reserves serve, if not to be sold when times are hard? The only way to answer this is to take an individual as the nation.
Imagine this individual has some gold hidden away for a rainy day. He is asked by his bank manager to repay his overdraft, but he can't – not without a long-term plan to pay it off slowly against income. His bank manager tells him to liquidate his Gold Bullion and put that into the account. But if he were to do this, selling his final "back-up" reserve, any emergency that hits him out of the blue from then on will simply destroy him financially.
So he decides that when those dire times hit, he will keep his gold for the time when nothing he says and does is believed or accepted. Then, when he produces gold it has a value that his actions cannot affect. It has a value everywhere to anyone. This external value is what will keep him in business and allow him to slowly recover. Essentially that is the role of Gold Bullion as a reserve asset."
http://www.numbersleuth.org/worlds-gold/ 52% in jewelry.
Get informed.
True. Bad Actors could gain the system, tear through credit, spend frivolously, declare bankruptcy. When seeking new creditors, his Fair Isaac and history would be looked at, "Never Again" would say all lenders. And he'd be in the cold outer financial darkness. Unless he pulled out the PMs. Suddenly new interest by creditors.
However, very few prudent, constant savers and purchasers of PMs possess such duplicitious personalities. Seems since birth (Marshmallow study) that some are predestined to always maintain reserves irrespective of incomes, and others are perpetual deadbeats despite massive inflows of wealth. Not how much you make, its how much you save.
It is rather amusing that you make your observations as if it will not happen to too, regardless of where you are.
People are not stupid. The fatal error was internet.
Their vision: The collapse of society is their demolition - as crews will have less work, when the fires go out, and the people are forced to take one bag and leave their homes never to return due to tourists boarded up in their ranch style homes, kid's playsets in the yard.
If it comes to that, I will be surprised. What I hope to see is a coordinated effort by every military force on this planet to grab ahold of the banks by teh scuff of the neck and jerk them back into the fucking CORNER WHERE THEY BELONG.
I would like to live to see that...
Few want to hear it, but you have mentioned what I see as the Achilles heel of the PM strategy- how do you use it when the wheels fall off? Using gold and silver as a survival strategy is risky at best, it assumes that somehow the currency and economy fall apart but there is still an orderly world in which to use these metals to rise like a phoenix.
If someone has land, water, food, and lives in a remote community in the midst of a heavily armed population of similar people it is a good strategy and after a massive reset such a person could be wealthy indeed once order has returned. If someone living in the suburbs or a city believes that stacking silver and gold coins is going to see them through- well, good luck to them. At some point you will have to try and leave your suburb to exxchange it for something to eat when the food producers far from cities stop shipping food for bits of paper.
I expect to be able to pick up such coins for very cheap at such a time and see the exchange rate to be my 150- 180 grains of copper jacketed lead delivered unseen from hundreds of yards away for every gold or silver coin they have. We'll be in groups so there will be some divvying up for sure, but I think it will still be pretty cheap.
If a civilized society rises from the ashes...and that's a big if...I doubt very much they will choose to go back to the bronze age and start packing bags of gold coins around. The words "civilized" and "gold" are mutually exclusive given the lack of consideration for the planet and their fellow man the goldtards exhibit. In an end of days scenario i think you'll find that you have a much bigger problem to deal with when the workers at the many nuclear power plants all go home to polish their "stacks' and a thousand reactors world wide all melt down like piles of molten "precious"
Yes of course, the last time humanity used precious metals as a medium of exchange was the bronze age. I recommend reading some books as your concept of history seems more like something from Nickelodeon than what actually happened, or perhaps you are a person who just sees the world before your advent as some benighted place where stupid people just sort of wandered around in confusion without the benefit of enlightened central planners.
I still maintain that the inability to convert gold into the things needed to sustain life after a currency collapse is sketchy at best, and that a currency collapse would indeed lead to years of chaos and a complete breakup of existing power structures.
I also suspect that in such a scenario, people working at nuclear plants who are overwhelmingly incapable of providing for themselves would be happy to oversee a shutdown in exchange for food and security.
Oh goodie! A nice orderly shut down of the power system. You're stretching those ready to eat meals pretty far arent you?
Be honest...all of you.
The system is unsustainable, we can agree on that
But if you think through the possible end game scenarios you are only lying to yourself that a. the world will be a place worth living in and b. that you being the superhero that you are will skate right though all the chaos and emerge top dog.
Ain't gonna happen. All your ammo and guns and cans of spam and stacks of 'precious" might buy you a little more time breathing than your neighbor but if it all goes to hell, you're going there too no matter how tough you think you are on the internet
Ready to eat meals? LOL.
People like you need spam cans and freeze dried whatever, while some may be helpful in the case of disaster I produce most of my own food and can trade for what I don't have if I want to. Are you aware that there are still people in the world who actually grow food and raise animals, and live among many thousands of others who do the same?
Is that so? And where do you get your seeds? Who delivers them to you? Do you grow organic? How do you cook your veggies? How do you preserve them? etc etc
I think being self reliant is great! But thinking you can carry on if everything goes to shit is naive at best and full tard delusional at worst
I produce my own seed from true strains, yes. I can some stuff, and have a deal with the wife of a friend who is a canning goddess- I give them my extra stuff and empty jars, and get back lots of full ones. I also get things from others after handing out extras, for example last year I gave away well over 500 pounds of tomatos, romaine, beans, melons, etc... and received in return cases of other canned vegetables and jams from their gardens.
In case anyone cares, if you can buy resealable lids- they do work!
One cannot carry on if you are say one person in a suburban negihborhood amid a horde of useless eaters, when you are in a place that more people do the same then do not it is not difficult. My street has more cattle than humans, if things got bad everyone for miles around will be defending them, not just the owners. Getting a cow from one guy isn't tough, having to fight a hundred or more that are very skilled with guns and have used them since elementary school age is a whole different ball game.
Would it be tough? Absolutely, but also quite survivable.
You are totally delusional. Are you going to make your own shoes? make medicines for your cows? plant enough grain to feed them all winter? What do you heat and cook with? Hope it's not nat gas or oil. Do you have machines? What do they run on? Do you make spare parts for them too? If insects plague your farm what will you do? What county in what state is your neighborhood? Any cities nearby? How many live in those cities that might want to visit you and your posse? How might you handle an outbreak of cholera or other pandemic disease? Do you use electricity? Have a renewable powered generator and spare parts?
I could go on and on for hours. You really don't understand how attached you are to the modern world and how impossible it is to live in some isolated island of dirt farmers. There are far far too many have nots for you to shoot and they will come a calling
Your problem is that the world can remain solvent longer than you can remain sane. Like all the nukes are going melt at the same time? You base a premise on this?? And then run to hills with it??? How soon will the demise occur, you false profit of doom.
they don't all have to meltdown at the same time...would only take one or two to make the northern hemisphere uninhabitable (even if you have a big stack of "precious"
Step outside of your air conditioned bubble sometime. As you asked the question, I'm over 100 miles from the nearest metropolis (Atlanta) with hundreds of thousands of heavily armed rednecks between me and them, and who hate them deeply. The vast majority of Atlantans will sit on their asses and wait for someone to save them, any trying to head out will be dealt with swiftly. The average Atlanta resident thinks a Glock peashooter is a dangerous weapon, they will have little chance against people who are good out to a quarter mile with no trouble.
Funny thing, my family often lived to ripe old ages of 70 to 90's for generations before the advent of any of the things you mention- and if necessary I can and will also. Tough yes-but manageable and within my skill set. I can live without electricity if it came to it (though I'm taking steps to avoid that) and wood is plentiful for cooking and heating if needed. My county runs off of gravity fed water from the mountains, resevoirs were built there specifically and with manually controllable valves so that no matter what happens the water flows, I don't see cholera being an issue here as the population density is low.
Too many? Hardly- you don't comprehend how much ammo is being built up in the sticks, and how many can make more when that is gone. My mere 10K rounds is low end (though I have the means to make much, much more), I know folks with well over 50. What you would consider an insane, whacked out arsenal is considered a modest gun collection in my world. Any single county between Atlanta and where I am in SC has enough ammo stocked up to kill the entire population of the city.
I understand the situation and odds quite well- you clearly do not comprehend that there are still people alive that can live just fine for quite some time without the things that your own existence requires. You are an orchid, but you are mistaken to think that all of mankind has deteriorated to that extent.
Methinks that general aggression that you are writing about speaks heavily about your general preparedness. But, you speak about if the SHTF that it'll happen to "other" guy and not to you or your community.
A flaw in your logic and general planning is that WHAT HAPPENS IF THE DISASTER HAPPENS IN AND AROUND YOUR AREA. what happens if YOU become the INTERNALLY DISPLACED PERSONS.
Your high on hubris but low on compassion, which makes me wonder if I am talking to a BOT.
Country boys can survive! But their mortality rates are also pretty high as well, which is why families elsewhere have huge numbers of children, which leads me to guess that you prolly only have two or three. Not enough to sustain a TRUE farm and be sustainable. UNLESS you have machinery which wold require Petroleum, Oil and lubricants. Which means that you ain't a island that claim to be, just remember:
YOUR ONLY AS STRONG AS YOUR WEAKEST LINK and you probably know a few in YOUR community that are weak links, so if everybody moves in lockstep to your commands then all will be well? Right?
Probably.
Oh yeah I forgot, what happens if extended family from outside YOUR community show up? You going to shoot them too? So that you can take their coins??
The original statement was about the viability of gold as a means of exchange in a currency collapse, my point was that it will only be useful after some level of order has been restored but not during one. Your statement is a non sequitur and seems to be about some sort of natural disaster striking a particular area which is an entirely unrelated issue.
I made no claims of being an island, but I (quite rightly and accurately in my view) noted that urbanites who seem to think that hordes cut off from Federal largesse in a currency collapse will go foraging in the countryside are mistaken, they are not going to find single homes fending for themselves but entire communities armed, organized, and ready. Under such circumstances any outsiders would be in danger, no doubt about it. People are VERY different out in the hinterlands and aren't going to put themselves and their loved ones at risk for the sake of people who weren't ready.
I said nothing about my commands, you made that up completely and quite frankly that makes me question your mental stability. If you want to go after what I actually said by all means feel free, just quit making shit up.
And in a currency meltdown/societal implosion scenario no, I wouldn't allow extended family on my property. They have the resources to do far more than I can and choose not to, they will have to deal with the results of the choices they made. I can provide for my own wife and child, they will need to do the same for theirs.
Ass clown arguements like this against gold and silver always have the same flaw. That you think silver/gold bugs only stack silver and gold. It is but one of many forms of insurance against fiat collapse and hard times. Yeah, never going to happen right? 2000 years of history say you are wrong... Oh and good luck delivering the lead from hundreds of yards away. i'll be aiming right through your scope before you can pull the trigger...
Sure you will. While you sleep too right? And while youre taking a shit or fetching water or fixing the roof on your bunker. Why, you'll win every gunfight! Got anti-biotics? Can you do self dentistry? Have your own little basement refinery to make gas for your chain saw?
What happens when the millions of rotting corpses spread disease? When the nuclear power plants all melt down? Got a radiation plan?
You people are sick. Totally fucking delusional living in some sci fi movie. You have no clue what the collapse of the system will be like...none at all
And you are more than insane and delusional thinking your "precious' will offer you some edge when a roving band of starving zombies sets fire to your bunker
You want to see FULL RETARD, boy?
Just go look in a mirror..........
That's a long time away buddy, and even when it does arrive we have already built and stored enough food for the survivors until utopia is achieved. It's a dream you will never see because of your human aging, though I will think of you if she accomplishes it.
Know what your "precious' will be worth if society breaks down? NOTHING! Zero, zilch, nada. If you even assume that there will be goods and services to be had, all those marginal 'stackers" will dump their "stacks" for whatever currency is being accepted to buy a can of spam. The price of gold will collapse to dirt. The kind of collapse you fantasize about would make death the best option if you gave 2 minutes to rational thought as to what life would really be like. You are all bat shit crazy here.
Since you're here also, I should mention that you can make fuel from bat feces... just sayin'
can you made a vaccine against rabies?
Oh my, a suburban cowboy who thinks he's Carlos Hathcock. Apparently you not only watch too much TV, you're dumber than a fucking rock. Assuming you make it out of your burbs, every step you're going to hook into a military satellite that shows everything ahead of you? Unlikely.
You seem to believe that rural people are just going to roll over and hand food and potable water to a fairly small number of people from large population centers who venture outwards- most will remain in place convinced to the end that somebody is going to save them. The population of food producing areas are already used to sticking together and helping each other out, the few people making it out to the area of my small 2500 person town deep in the Southern sticks during a collapse aren't going to find people huddling in their home to be picked off one by one, they're going to find a small batallion of armed people with the roads blocked and groups manning entry and exit points and horseback patrols through the area.
Rural folks may not know why things are going the way they are any more than a deer understands meteorolgy, but the deer knows when a storm is coming and so do many of the inhabitants of the vast stretches of land the comprise the rural US. The social groups that would expand in time of need into local militias are already in place. Nobody is going to take an outsider in because they have coins.
Good luck to you, you're gonna need it.
There will be no sanctuary in small towns either. The food will run out. Wheat and Corn are agribusiness now. Dependent upon fuel and fertilizer and pesticides and bioengingeering. That will grind to a halt too. The fuel will run out, medicines will run out, refrigeration will stop, meat and fish will run out, every wild critter will be shot, disease will spread unchecked, clothing won't get made, building products won't get made, neighbor will turn against neighbor as law ceases to exist, the nuclear power plants will melt down etc etc
Its a useless and stupid exercise to think anyone could or would want to watch that play out
If it breaks down radical muslims will get hold of nukes and use them...the list of consequences is nearly infinite. We are fragile now how could anyone think going over the edge would be survivable?
It wouldn't. All your preper plans are a waste of time and resources..the only thing you produce is anxiety and paranoia.
I can guarantee you that 1 can of spam will be worth your entire stack...talk about devaluation! lol
Asbsolute and unadulterated horseshit from somebody who has spent their existence in an urban, air conditioned cocoon. You project your personal uselessness, lack of resourcefulnees, and general inability to live without being in your greenhouse onto others. We aren't all as weak and incapable as you are, you are the human equivalent of an orchid- only capable of existing in a fairly narrow set of environmental circumstances which is fine but don't make the mistake of thinking that all others are equally fragile.
As a pooint of reality, only a fairly small number of farms are agribusiness, corporate, or government subsidized. The vast majority have nothing to do with those- what the hell do I care if wheat and corn are big business in the Midwest? I can put out a half acre of corn, maybe a bit more and have all I need for meal, canning for my family, and chicken feed. Eggs are not grown in the back of the grocery store Sparky- there is a magical beast called a "chicken" that can wander through a vegeatable crop eating bugs all day and actually produces these eggs! While this is no doubt a complete shock to you, look into it sometime- they are a real animal that exists outside of McNuggets! Where I live there are literally hundreds of thousands of these critters, many currently sell them so that people like you can eat. If things went bad they would still be bred and eaten in large numbers, but it would remain entirely local.
As I am a nice guy trying to be helpful, I will tell you of another mythical creature call the "goat". It will eat any variety of weed, grass, or other inedible to other species vegetable matter and grow to size that will produce enough meat for a person to live on for some time. You are probably shocked again, but they are not actually a magic beast who guards bridges- real people keep these things, and they are fairly prolific and resilient too!
The anxiety and paranoia in this conversation are entirely your own, I'm not nervous or afraid about a damn thing.
Enjoy your goat. lol
i'm sure all the have nots will nod nicely and tip their hats to you and your resourcefulness as they pass by your tidy farm looking for food.
Again missing the point- the few that leave would not be meeting me alone. It isn't like anonymous urban/suburban life where you live near to someone for years with no idea of even their name, flyover country will be organized and ready when the wheels fall off the wagon.
And yes, well prepared goat rocks!
Lednbrass - great reading your comments this morning. PUD has some good points about the interconnectedness of the modern world but overlooks the fact that people with courage and resourcefulness did just fine without any of that interconnectedness for thousands of years. Of course most people in the US are totally dependent on that interconnectedness - someone once said that if you want to see how thin the verneer of civilization is just turn off the water in any city for a week.
My little town of 5000 or so souls sounds a lot like yours. We have been working with our Sheriff's dept for years now laying plans for dealing with marauders in the event of social collapse. We are more than ready. We can have over 500 people deputized within 2 hours. We know where every choke point is and who will man each one. Our women and kids know how to shoot too, and our dogs can smell bad guys at a hundred yards. San Antonio is about 60 miles east of here and I seriously doubt that anyone heading our way with malicious intent would get closer than 20 miles or so before they would be given the choice of turning around or dying on the spot. Don't get me wrong here - we don't sit around and obcess about this shit - life is too short and too good to waste on paranoia. We just believe in being prepared.
Goats are indeed great animals. I don't know how you cook goat in SC but here in Texas we cook it Mexican style - love that cabrito. And you might also mention goat's milk and, even better, goat cheese.
Yeah, but their life was HARD. There aren't too many folks in this country who truly know about hard labor and hard livin.
Families had HUGE mortality rates. Women dying in child birth was and is a common occurrence.
I am sure that ALL of that military hardware that is just laying around wont be utilized by enterprising folks?
There are some folks who would take up your invitation. Just for S&G!
For crying out loud... I'd actually been reading all your replies as although you mostly spew bullshit occationally you would put forward something worth pondering (if only for a little while). Then you come up with this nugget:
If it breaks down radical muslims will get hold of nukes and use them...
That alone shows me you are so indoctrinated by the way the media wants you to think that there is no hope for you. You then go on to say:
..the only thing you produce is anxiety and paranoia.
Erm.. Pot Kettle much? You're the one that seems to be batshit crazy and over the top.
Yeah, if the shit hits the fan I will wish I more fiat…. Or I could just stock up on toilet paper.
tungsten bitchez
"If someone has land, water, food, and lives in a remote community in the midst of a heavily armed population of similar people it is a good strategy and after a massive reset such a person could be wealthy indeed once order has returned. If someone living in the suburbs or a city believes that stacking silver and gold coins is going to see them through- well, good luck to them. At some point you will have to try and leave your suburb to exxchange it for something to eat when the food producers far from cities stop shipping food for bits of paper."
What fucked up world do you live in? That sounds like something my eight year old daughter would say. Land? I will just tax you to death and steal it from you. Then I will tax you more on your water. I will impose an "environmental impact fee" on your garden as well and if you do not pay it, my buddies over at Monsanto will provide me with that which I need to kill your garden.
I have to ask though, have you ever grown a garden?
You are going to pick up PM coins for cheap? Tool. Stop talking shit like that lednbrass. You are better than that. Besides, it's a 99% certianty that I have more lead and brass than you.
This dude is talking about in his last paragraph about shooting people for their money.
This is BS!!!
You lost any and ALL credibility when you typed those words and are a uncivilized humanoid.
Fine, I'll be uncivilized- you'll be dead while me and mine will not be.
If you think people in rural areas who actually produce food and havwe water are jsut going to sit back and let useless idiots from the suburbs and cities come in and take their stuff during a currency collapse and resulting societal meltdown you've lost your mind. As the poster from Texas noted above, plans are already beind made quietly out in the flyover lands- his town and mine aren't the only ones by a long shot.
If you go wandering out in the country during circumstances like that do not expect people to be kind to strangers, you are a potential threat and will almost certainly be treated with severe harshness. You be civilized and feel good about yourself, we'll be assholes and protect what is ours. When the financial system rolls over and dies as it inevitably must, we will find out which of us has the more viable survival strategy.
Lead!
Not all of us live in urban areas were you will be Fucked, if the shit hits the fan. Hell, the major cities get looting if power goes out. Imagine the possibilities if there is forced austerity by the bond markets! If I lived in a major urban area, I would have lots of lead, just in case!
Yeah, you'll win lots of gunfights I'm sure
My comment stands! Ignore at your own peril! I am not a conspiracy nut or a survivalist, but if things do get ugly, you might need a real weapon. You assume we will have a zombie apocalypse, but it is more likely we will get forced austerity (reduced social programs… No more free Obamaphones!), inflation, or dollar devaluation. In other words, unfortunately, the poorest will suffer the most, and some WILL NOT like it.
PUD will lullaby them with his great and powerful music.
Sing me a song BITCH,
You again PUS? Here is some mining for you.
http://www.youtube.com/watch?v=1IrIhl92s4M
what's your point? i know all about placer mining. had a claim on the salmon river in idaho once. I can only imagine what a fucking mess that is now with every dickweed digging up the banks and shoveling shit into a sluice box. The real carnage is in the 3d world where slaves destroy things wholesale and poison whole watersheds so you can fondle your "precious"
Does that make you a DICKWEED too??
Could you tell them to stop? My money is debased every time someone extracts gold from the earth. Mining gold is a selfish act. It clearly doesn't help anyone but the extractors.
Then again, many of them do it for a living. Who are we to blame them?
Goldtards...http://www.youtube.com/watch?v=DLvIFRNbqOs
Do you stand in front of a mirror and rant & rave and point at the image "I AM NOT CRAZY, YOU ARE"!!!
When the FIAT system collapses, debt serfs will be liberated because they will massively default on their FIAT debt.
They will still have no savings, but hey it's a huge improvement over owing more than you can pay back in your whole life.
Your PhD was in English literature was it?
im flattered, but no, just another rock musician with way too much time on his hands...
and too few braincells left to form a cogent thought........
glue sniffer?
Is that because you live in your mothers basement, sniff your bunny farts and wish you weren't a loser??
Inquiring minds want to know about why you like to sniff your own ass air???
rock musician = unemployed, living in mom's basement
Looks like modern life in the uk has taken its toll on this poor schmoo.
I am long the uk's decline
so funny how one can make assumptions from a silly name.
i am in san francisco norcal bitchez.
Who gives a fuck about u?
Of course yr American , a Brit doesn't say the n word.
I was talking to the 'abstraction'
ahem, check your history and youll find its UK colonists who indeed coined the word "nigger".
I choose to use it in a way that describes one's behavior, not the color of his skin.
there is a shitload of white niggers out there.
now give me back my hammer, you white honky nordic nigga bitch.
http://www.youtube.com/watch?v=WqXEtRWvL7c
lol@clownboy who up arrows his own posts
Look in the mirror to see a white nigger
LOL StarTed. The cat has his tongue now. Perhaps he finally went to bed. Must have been a rough Saturday night but I think we have all had those before.
yep
"there is a shitload of white niggers out there."
"shitload of white niggers" would be plural FYI. You did not get laid last night did you?
The proper terminology for a White Nigger is. WIGGER!!
Get it right!
I prefer CONEHEAD, as in "Barack! There is a shitload of coneheads in our front yard! I think they're burning a star of David!"
"No Michelle, coneheads only burn crosses. This must be a prank by Rahm. You know he's such a kidder."
"Oh, ok snookems. For a moment there I thought we were in trouble."
"Ha ha, after all these years, those crackers are still too stupid to realize that crackers wouldn't burn crosses. We have nothing to fear."
Bone smuggler, eh?
That's a little harsh on the Tylers BG. Where is your website? Can you do better? Otherwise, shut the fuck up.
And just so you know, those Shamwow's are actually pretty handy and you can get a big box of them at Costco for under 20 fiats.
One of the dumbest piles of shit I have stepped in on this site.
Oh, and you misspelled testicles, perhaps because you have a pair of them resting on yer chin.......
Fuck You
i'd gladly pay Tyler for a Bozo Button!
When it all broke down in Zimbabwe, Argentina...etc gold and silver were like....err gold and silver...real super hard currency...that you could trade specs of for food.
I watched a show that told of people who spent the entire day in the river panning for Gold FLAKES. It was a matter or life and death for them to get that gold for their family.
If you bust ass working, you can still go to many areas in the western US and probably the east (eastern US has many similar geologic occurances but between forestation and developement it's harder to find hot spots) and pan out enough gold (1/10-2/10ths ounce) to pay for your gas to get there, food for day and have a little left over.
Picker - If it makes a "clink" in the bottom of your bottle when you drop it in, it's a "picker" :-)
Oh, and the first times when you've worked off a pan of bottom sediment, or a pan of concentrates from your sluice, and you see ONE tiny flake of REAL gold in there, you INSTANTLY know what it is about gold that drives men insane. It's like all the sweat and toil that went before it is nothing and you are all HOLYFUCKINGSHITTHAT'SGOLD!!!
I watched a show that told of people who spent the entire day in the river panning for Gold FLAKES. It was a matter or life and death for them to get that gold for their family.
Yep, and a full days panning was JUST enough to eat that day,the next day, it started all over again.
Look... It's really pretty simple.
The Great British Pound used to be by definition 1 troy (German pronunciation for true) pound of Sterling (92.5%) silver.
Lets take a look at that. 1 troy pound was 373.2 grams, which would be 345.2 grams of pure silver. This would be 11 troy ounces of silver... At a spot price of $24 is 264 US Dollars.
1 GBP used to be worth $264.
Today it is worth: $1.50 ... It has lost 99.4% of it's value over time and this without invoking hyperinflation. That's what paper money does, it loses value over time. It was invented specifically to make it easy and cheap for the issuer to reduce (and thereby take) it's value.
If you save in paper then that is what will happen to you. I am 99% certain you will lose value over time. If you save (as opposed to invest) in gold or silver then that will not happen. Really that is all there is to it.
in 1947 one could buy a gallon of gas with two silver dimes..................
in 2013, one can still buy a gallon of gas with two silver dimes..........
Retards just don't get it!
Silver dimes? Who has any of those though?
When I worked the cash register as a 16 year old, I found more than a few. I imagine they're quite scarce now. My brother did a better cleanup job than I did as he worked that type of job longer and at a much more cash oriented (gas station) business. Swipe the card? Darn, no chance to get some pocket change or of having to break open a new roll of coin (which I always did even though they'd get mad for having to count it later). Found many a wheat penny too which had at least some collector value.
Get a metal detector and get good at it, I find loads that way...
I'll give you 20 copper pennies .... for one of your silver dimes ?
No!
But you can buy TWO loaves of bread for your twenty pennies!
Well, they still have that 100% of the 6/10ths left to go...that should be reassuring...lol.
That sounds familiar.
SPUD aside, I am annoyed, I want to stack some more, but the premiums have went up. I am waiting for the premiums to drop or maybe I will just buy moar anyway!
I want to make sure children in third world countries are employed! (/s)
Advantage goes to the paper forgers. They have the livestock as collateral. We can hope they start killing each other off. That would be for the best. Then maybe they'll get god. Until then it's thieve on.
Could I interupt here a moment please and try to explain something? Give us all a sense of realism and a bit of idea as to why the elites of each land dont care what you think, what you think you are worth, or what the price of gold or silver is?
Over here in England we have a representative of the conservative party, your republicans elected and provisioned with the post of 'Work And Pensions' Secretary. His name is Iain Duncan Smith, he is a PUBLIC employee, or servant as they were known. He is a multiple millionaire as is his wife who he married. He is paid for this work some £145,000 sterling a year, and if last years expense claims are anything to go by he will claim roughly that amount back.
Of PUBLIC money he will lift around £300,000 sterling this year. By my dodgy maths that equates to about £6,000 a week, or about $11,000 dollars, you still with me? This is our money, and we pay him, the tax payers. Now this well to do clown thinks you're average out of work bloke through no fault of his own can get by and live on this amount, £53 sterling a week of social help.
You read that right, this man, and his department of who we pay deems that an average person who finds himself out of work, and is at the mercy of the social system can live on £53 sterling a week, and at the same time he can lift from the same purse around £6,000 sterling each and every week you claim £52. See?
They dont care. They get theirs regardless, while looking down on the rest of society and judging what you deserve from a system they rip off and exploit at our expense. And we allow this. This is why the price of nothing concerns our 'Right Honourable Gentlemen', as we pay it regardless. This needs to change. Lets make these fuckers live by the sword they so casually dispense our way. Lets strip Mr Smith of all his tax payer gained monies and houses, and make him live on what he deems we can.
Lets give these cunts war.
Rant off.
You can start by getting rid of her majesty and her spawn.
Poke Her Majesty in the eye .... and all the government apparatus .... will shrivel up .... and die ?
Heck if i know ? But you are funny none the less,
WTFx10
Too fucking right. Are these lot of bastard in-bred scroungers any better than some poor cunt on the dole? They still live off our coin eh?
Good for the goose is good for the gander mate.
I fucking despise the lot of them. Living large on our money while fucking Rome burns.
We got much bigger problems .... than Maggie and the Queen ? You don't know how many times I've had to defend the Queen .... she's just a sweet little old lady .... doin' the best she can .... I wouldn't live in that fish bowl .... for all the tea in China .... I'm free to lurk .... being the Queen .... is like having to go to Sunday School .... every fucking day of your life !
Top notch Mix. +1
Thanks mate.
Lets rise above this shower of shit and show humanity is better than this. I aint nowt like the bastards who are supposed to represent me.
I hate them mate, I hate them all. These fuckers need sorting out, and its going to be us that does it.
Lets get this done friend, I have had enough.
Awesome Mix! Unfortunately, I am Merican. Clearly, we have the same problems over here. I have tried the official channels here my friend. No matter what, the further up you go in the political parties, the more you run into big banking interests. I have been there and done that and have seen it for what it is. Anyone who says otherwise is a shill.