Casey Research Summit Special Report: Surviving the Death of Money

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X.inf.capt's picture


nope-1004's picture

Yes, and adding as fiat becomes available.

The cronies at JPM and the lead whore Blythe Masters keep pounding commod's down.  Manipulation is their only way they can make a buck.  What a sad existence, and a sad life.

Can't print PM's, but can try like hell to keep them under wraps.  Try until the end.  The path is set.  My bet is with PM's and a failed banking system.  The idiots inside take the other side of the bet - a bunch of White-collar fools (and one half chested pink lump infested wench)!!

X.inf.capt's picture

Good for you, i just made my final trip, that i think im going to need, to the coin store.

+1 2 u

Hearst's picture

OWS needs to all start holding "Crash JP Morgan Buy Silver" placards and stop the mindless chants.

AldousHuxley's picture

OWS needs to be entreprenuers and invest in gold ATM machines and place it infront of goldman sachs / JP Morgan HQ.


See how many fiat pushing banksters buy gold with their bonus money.


print some S&P 500 in gold charts around too to let the baby boomers what their 401k is really worth.

Dental Floss Tycoon's picture

The part I didn't understand about the death of money was, "He who has cash will be king..."

Can someone explain that to me.

DosZap's picture

DF Tycoon,

In the GOOD old days, of the Great Depression of the 30's, Cash was KING.

Because it was backed by/with Gold and silver was the coinage also.

Herein is the dilema we ALL have to face this time around.......................

The USD is backed by nothing, and we have run the Gvt debt so far, by adding frns to the system, Cash may be KING, as long as it's considered the safe haven by the rest of the world.

When the Chair Game ends, then the excess safe haven frns,will no  longer be the KING.

People will be cashing out like crazy, dumping them for whatever they can.

This is where PM's come in.............................they are THE only backstop.

So, bottom line, until the Dollar is viewed as leperous by other nations, it will remain  the GO TO HORSE,and continue to push PM prices down,as ong as it goes UP, in relation to the others.

Problem is , NO ONE knows when that Event happens.(and it will happen).

But as of today, the worthless Dollar is still considered the BEST of the WORST.

Chaffinch's picture

The dollar is considered "the best horse in the knacker's yard", until suddenly everyone realises it's backed by nothing, and PM's win the day...

LawsofPhysics's picture

Pretty safe bet everyone here does.  After that it is the farmland, water, and like-minded neighbors that matter.

JW n FL's picture



what are "PM's"?

what does +1 mean?

why is everyone so negative?

everything is fine, I was just at starbucks and my plastic card worked just fine, the phones lines still work!

Snidley Whipsnae's picture

"everything is fine, I was just at starbucks and my plastic card worked just fine, the phones lines still work!"

How many times have we heard "it was working fine yesterday"... could be in reference to an auto, a cell phone, home plumbing, or the CRIMEX...

Anecdotal info:... The day that Hitler kicked off 'operation Barbarosa', the massive invasion of his then ally Russia, Russian trains carrying Russian natural resources into Germany were passing columns of German tanks and troops going the other way, invading Russia.

What a difference a day can make, eh?

Troll Magnet's picture

come on over to my house on monday, JW. let's watch Days of Our Lives together and wonder why people are buying this, this, whatchamacallit? Precious medals? Are they all failed Olympic athletes or something?

AldousHuxley's picture

you never 2012 london olympics, british might award 4th place medals made out of paper.

AldousHuxley's picture

correction: "gold" medals are only six grams, or 0.19 ounce, of gold coating on silver.


SheepDog-One's picture

Yes JW all is well, as Im out of all markets forever, got PM's rifles ammo and clothes and a nice farm. Let the elites cut off each others heads in the coming days it means nothing to me.

FeralSerf's picture

There's still the alphabet soup bunch to be afraid of.  It's real and they're nasty!

Abitdodgie's picture

As long as you take at least 3 of them with you , then you served your country.

MrBinkeyWhat's picture


You need to hit the Ctrl/Sarc key when you are playing with the newbies around here.


Triggernometry's picture

Don't forget copper, especially when it comes as plating for lead.

Snidley Whipsnae's picture

This article reads like an infomercial for mining stocks and mining exploration companies.

The panel recommends that we 'all do our homework' before diving into mining stocks...but, how many ZHers have the time, expertise and/or resources to actually meet with and evaluate the potential for a specific mining operation? I don't.

In light of my ignorance, time constraints and lack of funds to travel the world in search of 'great opportunities in mining stocks', I will stick to what I learned when I took a bath on miners in the past...

A mine is a hole in the ground with a liar standing next to it.

Physical PMs for me... they do not have the counter party risk of a hole in the ground with accompanying liar.

Stevious's picture

It's an infomercial for Casey's series of newsletters.  I find it sad that it's so blatantly advertising here at zerohedge.

Troll Magnet's picture

600 bucks to mine an ounce of gold...considering that, for example, it costs about a dollar to make a cotton t-shirt that sells for 10, sometimes 100x more to retail customers, i think gold is a pretty good buy.

silverserfer's picture

I wonder if $600/oz is daily costs after mine is up and running. Does it include hidden costs and startup costs?

akak's picture

It's much easier to understand silver:



Only $5 to dig from the ground ....

Only $5 to dig from the ground ....

Only $5 to dig from the ground ....

Only $5 to dig from the ground ....

Schmuck Raker's picture

Silver @ ~$30/$5 to mine=6 price/cost

Gold @ ~$1650/$600 =2.75 p/cost

Why is Silver a better value today?

SilverIsKing's picture

Is your first name really schmuck?

Silver $32
Gold $1,680

Which is the better value?

Schmuck Raker's picture

Yes, my first name is really Schmuck.

I asked which was the better value.

I did not ask which was lower priced.

Even a schmuck should know the difference.

DosZap's picture


bro, only $5.00 if it's the by product.If it's designated Silver mine, I am sure the costs go well above $5.00.

akak's picture

DosZap, of course I know that.  I was merely making fun of our old beloved silver-hating troll Mathman, who endlessly repeated that simplistic (and erroneous) line.

DosZap's picture


10/4 ,sorry bud.


Chaffinch's picture

If they have a mine producing a variety of metals, who decides that the gold costs $600 an ounce to produce and the silver costs only $5 an ounce to produce?
My bet is an accountant apportions the costs, based on what he wants to show the estimated reserves to be worth - I think far too much store is set by these arbitrary figures.
Could Warren Buffett write a cheque for $5 billion to buy his own silver mine and expect to mine a billion ounces? Of course not...

bbq on whitehouse lawn's picture

Its closer to 6000/oz if you include all of the failed projects and costs just to get to that one good gold ore vain.

Mines are far from cheap thats why they get special rules and federal help.

In a real free market its scary to think what the cost of mining would be.

DosZap's picture

Snidley Whipsnae


I am not EXACTLY sure on these numbers(interview may still be up on King News).

Ben Davies was talking Miners/Stocks.He manages a Multi Billlion dollar fund.

He said, sure we are in some very good Miners, but they are very,very dfficult to find(the good ones).

He said that there were roughly 4000?,on the exchanges, and out of that number maybe 200 were people they would invest IN.(tells me what I need to know,if you do not understand something, either learn it inside out, or steer clear).

So, what ARE the odds of Joe Schmoe finding them, do the math.

At this point way I see it is we have two choices.

PM's in hand, or Fiat....................combo

Depending on which way this cookie crumbles,PM's off the chart  Up?,Dn? or option two, fiat goes WAY up.

And we sit with lots of  devalued PM's for maybe a while.......2-3yrs.(because nothing short of a miracle is going to float this boat much past that.(IMHO)

Hedge your bets, cut back on PM's held, and hold cash.

Or, roll the dice, and take yer chances.

Snidley Whipsnae's picture

Dos Zap...

"Hedge your bets, cut back on PM's held, and hold cash.

Or, roll the dice, and take yer chances."

I am holding some FRNs... I have to for it's the law of the land that taxes, etc, must be paid in fiat or be subject to fines/jail. But I rolled the dice 43 years ago and they came up gold. I knew the history of fiat currencies back in the early 1960s and the history has not changed, nor will it. Keynes didn't invent fiat currency or soverign bond printing out the ying yang... A multitude of failed fiat currencies and soverign governments litters the landscape of financial history like a view of the aftermath of a horrendous battlefield.

Some people say that a classical education, ie; the study of lit, history, the humanities, etc, is no longer necessary. The people that say that the study of history is no longer necessary are the same people that would have you believe that the current US Government is on sound financial footing. One cannot understand history without an understanding of financial history... History is literally driven by soverign economies and access to commodities. 

The statement below is a fact that no one can deny... and, is really all one needs to know about PMs vs fiat as stores of wealth.

'Fiat always declines to a purchasing power of zero. The purchasing power of physical PMs never declines to zero.'

In order to take advantage of PMs over fiat one needs to think in terms of generations... not years or consumer purchases. I don't envy people with big yachts or fancy cars... hey, it's their money and they can spend it as they wish...and, if everyone thought and acted as I do they would not have enjoyed a 30 year debt fueled party!

Accumulation and safe disbersment of PMs is a method to insure your children and grand children avoid the clutches of azz hats like the current crop on Wall St and in DC. PMs are great but PMs don't think! You gotta do the thinking for them.



DosZap's picture


Thanks for the time and effort in answering.
I appreciate it.

Yes I know the history,and understand.

My issue is if we re not going to be able to profit off PM's in THIS lifetime,after being ahead of the curve and doing so that we will not lose money coming out the other side when a new currency is issued.(Assuming we are still  here,LOL).

I buy to hold value for use then, as well as generational.

MrBinkeyWhat's picture

In your sweaty little hands Bitchez!!! ;-)

Western's picture

PMs are great.


But it takes second place to having a nice secluded, well stsocked and prepared property all to yourself.


edit* when i say well stocked i mean bullets, bitchez

X.inf.capt's picture

uh, o.k.


Dugald's picture

Best hidey hole is a well stocked ocean going yacht. A nice chunk of dirt is good, but its very very stationary...could end up being your own personal Alamo


Are you kidding's picture

And you could end up anchored or adrift with nothing but the fish you could catch.  Do you believe that fuel will be easily had? 

How do you think everyone else will fare if the US utterly collapses as you suggest in your response?  Dollars DO drive the world economy.  The world economy WILL least for a while when the current system collapses.  It just may be the "great culling"...who get's culled and who does the culling...that's the question. 

I say whitey comes out on top again...history usually DOES predict future performance when it comes to people.  Leave the cities for sure...but in rural America?  I don't think it will get THAT bad.  I'm rural, cattle, chickens, goats, hogs, corn, soy, peanuts, all grown/raised locally they we'll just keep it all for ourselves.  Lots of farmland could be instantly converted to vegetables.  I've got 7 acres of pasture myself.  Not a time to be poor and worthless.  Not a good time to be wandering looking for friends I'd imagine either.

Good luck with your choice...

DosZap's picture

Are you Kidding,

How apropos,your handle matches your statement.

 I'm rural, cattle, chickens, goats, hogs, corn, soy, peanuts, all grown/raised locally they we'll just keep it all for ourselves.  Lots of farmland could be instantly converted to vegetables. 

While I agree it will take time for the Dwellers to hit you, the PTB will be the worst of your worries.

There are so many seizure, and forfeiture laws on the books, and anti hoarding sections, it resembles the IRS code.

You will LOSE it all.

Celente has the best answer I have seen..................for those that are mobile, semi good health.


IOW, as General Patton proclaimed,

"The fixed battle emplacement is a monument to the stupidity of man."

Same will go for the Agri/ Rural,out of towners.

You can maybe stave off the Dwellers, but the PTB(having already passed anti farming laws),and put EVERY agency in the Fed Gvt in charge of overseeing the had best have a FLIGHT=haul ass  plan/ packed and ready items to go WELL ahead of time.

Given the choice, I would prefer to be rural, but not saddled to property I WILL be stripped clean.

There are EO's,and PDD's on the book(avail online) telling US the Gvt has the right to seize any and all our property, and even our families, separate them, and use you as slave labor.

Personally I WOULD REFUSE I would rather go down in a hail of lead.

Are you kidding's picture

Ain't gonna happen...not in the south...not again.  We're far enough from any even large city for any roving bands to bother us.  Who is going to go around TAKING away people property?  Not where I live.  They wouldn't get out of the FIRST house!  I think the rural "redneck" states will do just fine...better than most for sure.  Thanks for worrying about me!

Stevious's picture

I can understand stocking bullets, but stocking bitchez, are you advocating polygamy?

MrBinkeyWhat's picture

Copper & Lead Bitchez!  After toilet paper....blah, blah, blah...Bitchez ;-)

CapitalistRock's picture

Not really. Land has a long history of confiscation, even in America. Land doesnt move easily when civil war requires it. Those with the gold will live well so long as they can keep it safe.

pauhana's picture

OK, I didn't learn a whole lot from this.  I got my canned goods, my guns & ammo, my vegetable garden, and things I can trade for things I don't have.  What else?

X.inf.capt's picture


and enjoy the show....!

Seer's picture

That's what I need more of, shit that breaks! </sarc>

I do use it, but only for powering a fence energizer.

I've got passive solar- southern exposure in the northern hemisphere (upper latitudes).  Can see the orb (when it's out :-( ) even on Dec 21st/22nd.

BTW - Micro-hydro kicks solar power's butt: but then again, hydro is the result of solar activity (the water cycle).  Had tried, unsuccessfully, to land a place that would have allowed me to have such a system (w/o losing passive solar [in the end I find heat more important than electricity]).  But... still more techno-crap to have to chase around: I've got my hands full just dealing with natural stuff (on the property) :-()