Poor Man Survival
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A Digest of Urban
Survival Resources
The Need for Silver
and Gold
The Fed is warning investors in clear terms
that higher rates of inflation are coming soon.
For the most part markets are ignoring those warnings. One hedge manger
has said that our dollar will lose our purchasing power more rapidly than the
2% the Fed is predicting perhaps rising to 5% and even 10%.
Gold
is usually an indicator of rising inflation-couple that with the potential for
a socialist in the White House who promises to gut our energy industry [and
others] it’s pretty much guaranteed prices for food, fuel, healthcare and other
costs of living will jump much higher.
It’s
another reason I’ve often suggested owning hard assets including silver, gold,
land, etc. The cost of precious metals
will rise substantially as investors race to accumulate stockpiles…the
potential for severe losses on cash savings, bonds, etc. are very possible. As
long as the Fed punishes savers with low interest rates, precious metals will
likely trend higher, particularly for silver.
Note: 39 states exempt some
or all precious metals from sales tax thanks to: the Sound Money Defense League
[SoundMoneyDefense.org]
"[Silver coin] is the most perfect medium because it will
preserve its own level; because, having intrinsic and universal value, it can
never die in our hands, and it is the surest resource of reliance in time of
war." -- Thomas Jefferson to John Wayles Eppes, 1813
Whenever I write about the need for silver and gold in your
possession, so many people write to me about exactly how to buy silver for
barter, for a store of value, and for preparedness that I felt it my duty to
talk to you again about monetary fraud and the need for real money so you know
what to do.
Therefore, let me ask you: How will you arm yourself in order to
defend your own liberty? With what will you protect yourself?
If every moment of life and liberty is precious to you, you
already own protection in the form of a gun.
And if you have been following these letters, you already know
that for any political system to function as created, there is and has to be
vast deception. So I hope you have begun to break your mind free of
conventional thought, and you are reading everything you can.
A third and equally important step to take is to protect your
purchasing power. This is closely related to protecting your wealth, but
different because in this case, I am talking about the false notion that
"money" and cash are the same thing.
BLM, the politics of COVID, election commercials, race battles,
riots, lootings, police shootings ... dozens of things occur all at once to
keep the people from reality. These diversions keep the public mind off the
pervasive fraud and crime of paper money.
The whole world is still balanced on the U.S. money creators. They
are all interdependent on the global economy. That will change even though it
hasn't quite yet. The crowd never wakes up because people are indoctrinated
from the beginning of life to trust the system.
I have warned many times about the producers and savers in this
country being preyed upon and harmed by endless taxation and money printing.
But don't take my word for it. Here is a powerful warning from Stephen Roach,
writing in the Financial
Times recently. He says that although
U.S. households had been saving this year, the economic response to the
Coronavirus wiped it out.
"This will take the US net saving rate far deeper into
negative territory than during the global crisis. That has ominous implications
for America's future... the U.S. is, in effect, liquidating the net saving
required for the expansion of productive capacity. Without borrowing surplus
saving from abroad, growth becomes impossible. The current account deficit will
only deepen as a result. That's when the dollar loses its special
privilege."
There is so much fiat money being created that it affects every
man, woman and child. The policy of the U.S. government is to inflate (depreciate)
the U.S. dollar. There is nothing that you could know or understand as
important in your life and your finances as this.
The paper money and savings you have in the bank are numbers. The
entire modern system of fiat money is only numbers. It is not substance. Fiat
is "money" by decree of "authority." All money issued by
the Government is backed by the "full faith and credit of United States
Government."
What happens when the system no longer functions and the credit of
the United States is no longer good? The dollar has lost 98 percent of its
value since just 1913, when the Federal Reserve was created. Now it is losing
its "special privilege" as the world's reserve currency.
When the government begins to collapse and there is no more faith
in its authority, cash becomes worthless. The Fed, Keynesian economists and the
mainstream media ignore history. They ignore Venezuela which is collapsing
right before our eyes. Fiat money promotes an illusory reality where
non-substance such as financial speculation and gambling replaces the substance
of industrial production and long-term value.
Helicopter money, PPP loans, stimulus checks, negative interest
rates… all the Federal Reserve's supposed "tools" have failed to
boost the broader economy, since all but a few billion of the trillions in
Fed-created excess dollars end up at the commercial banks instead of
"tricking down" all the way to the consumer level.
It's a deception that blinds the average person to the fact that
the only real money, real wealth and long-term value are gold and silver.
Silver is still relatively rare, desired by nearly all people, and
comes from the earth and human production. The value is no illusion. Silver has
been a transactional and barter currency for the better part of 5,000 years.
This is not going to change.
If you want to protect yourself and hedge against the collapse
that the U.S. government is driving us toward, buy silver.
Mine production and supplies have retreated in the past few years,
making supply scarcer. Meanwhile, coin fabrication in Asia and Europe is
rising, according to The Silver Institute's recent World Silver Survey. This is
the inside story.
From the outside, if you talk silver with the masses, expect them
to scoff. Most people don't know that silver was the best-performing asset in
the world through the silver price highs of 2011, and is still widely held
around the world.
Silver costs about $20 per ounce to mine and mint, and is selling
for $22 an ounce now. Plus it has many industrial uses: in photography,
technology, medical, defense and electronics. Because of this, there is now
only about one-sixth the amount of aboveground silver available for use than
there was in 1900. Were silver prices not being manipulated down through the
use of "paper" silver, it would easily cost several hundred to
several thousand dollars per ounce.
The price is being manipulated down by just eight traders on the
COMEX, led by JPMorgan, which was just fined $1 billion for manipulating
precious metals prices (they presumably paid it off from funds provided by the
Fed via one of its bailout schemes — and now you know how the game is rigged)
and will certainly continue to manipulate prices while endeavoring not to get
caught this time.
This is a crooked paper game that cannot last. What they are doing
is setting up silver for an explosion in price. This event will reveal the
worthlessness of paper money.
If you are buying silver as an inflation hedge, you want to watch
the value of the dollar. Historically, whenever the value of the dollar has
dropped, precious metals increase in value. They also tend to move inversely
with the stock market. So, while stocks do well in times of stability and
economic growth, silver will do better during shaky economic times and falling
interest rates because it has real value.
I am not "paid" to hawk silver. I "push" gold
and silver because I want to give you information you will not receive from the
mainstream media or their brokers, who work for Wall Street. There is nothing I
can do to "drive up the price."
So when you are investing, with silver at far less than its real
value, you must consider whether you are looking short term or long term. We
happen to believe the trend is up long term. Oh, there will be some valleys
along the way; but because of economic conditions, the trend will be up.
There are two reasons for this. First, if you look at the amount
of silver in the world's repositories, including what the exchange traded funds
hold, it's still very high. No one has sold much since 2012, even though the
price has plunged from $50 an ounce since 2011.
Second, the data on what the silver traders are doing shows that
large speculators are the most bullish they've been in almost a decade, and the
commercial traders are the most net short they've been in years.
The only negative is time. No one knows when silver will blast
off, but some of us see this as the perfect opportunity to buy more even though
it has risen recently. Also, emergencies and catastrophes come in many forms,
from natural to man-caused. Try to consider as many eventualities as you can
and prepare for them.
We still advise accumulating silver coins, as I believe that they
will have high exchange and barter value in the time to come. I sincerely hope
that all of you will do the same. When our current paper money inflates to near
zero and our current clacker coins are worthless, old U.S. 90 percent silver
coins will have great attraction.
These silver coins will be in great demand as currency to buy the
necessities of life. Even though these silver coins are down the memory hole
(only seniors of this generation remember them) they will quickly come back to
life. Even the government will favor silver coins as a medium of barter and
exchange to keep commerce alive.
Of course, the old 90 percent silver coins have nearly disappeared
out of circulation, and a very high percentage of old 90 percent silver has
been melted down. U.S. 90 percent silver coins are beginning to get in short
supply.
But we still like U.S. 90 percent silver coins minted before 1965
for preparedness money. They can be purchased in bags of $1,000 face amount or
in smaller increments — even individually. Numismatics are not recommended for
preparedness coins.
Inevitably, whenever I recommend buying silver, readers write in
and ask me to recommend a dealer. Your best bet, I believe, is to find a local
dealer who is well established, has been in the community a long time and has a
good reputation with both the Better Business Bureau and his customers. If you
educate yourself on spot prices and have an idea how to negotiate prices with a
dealer to ensure their commission is fair, it takes the risk out of the
transaction.
Yours for the truth
Bob Livingston
Editor, The Bob
Livingston Letter®
NOTE:
Coins considered junk Silver coins today,
like the 90% Silver Washington Quarters that circulated from 1932-1964, are
also a great way to increase your Silver holdings. Canvas bags of 400 Silver
Washington quarters contain 71.5 oz of 90% Silver, making the Silver coin
perfect for investment portfolios. And of course, Silver dollars are favorites
thanks to their iconic designs, including Lady Liberty and American
eagles.
35% Silver war nickels give you the
opportunity to own Silver at a low-premium cost. Produced by the United States
from mid-1942 to 1945, these "War Nickels" were made from 56% copper,
35% Silver, and 9% manganese.
Why Gold Is Soaring, Analysts Say There Is More to Come
Watch out, Banks and Americans are stocking up in physical gold.
Here’s why you should, too...
SIDEBARS
Dozens of American patriots what they would be willing to do in
order to stop the vote fraud and defend the Republic, they told me they would
be willing to lay their lives on the line.
Trump merely
needs to activate the American patriots, and they will converge on Washington
D.C. to help defend this nation against the deep state fraudsters who are
trying to steal it.
You never know what’s going to happen. But, lately, I’ve had so many questions from
those I know that have never been interested in preparedness before, asking how
they can help themselves out on the cheap because they honestly “feel” like
something is coming.
Again, if you feel like something is coming, you are not alone, and don’t
classify yourself as crazy! In fact,t it is never crazy to be prepared for an
emergency. If you want to start preparing now, there is never a better time, so
don’t put it off. Because of that, these are a few frugal prepping tips I
have followed to stock up on when funds are tight.
READ MORE: 5 Frugal Prepping Tips For Beginners
Trump's Approval Ratings Climb in Week Since Election
Rifles and Shotguns for Christmas? Yes, Please!
Useful
Resources from our storefront-See new items!
You Can’t
Buy Life Insurance After You’re Dead-Prepare NOW for Emergencies…
NEW! Home Circuit Power Saving Device-Save 30—90% on Your
Electric Bill.
Home Circuits Power
Saving Device-Environment Friendly! [I save $75 my 1st month of use]
…as advertised in Reader’s Digest
Power Electricity Energy Savings Device- 30% or
more Savings 90V-250V 50Hz-60Hz
Easy-to-use---No
Maintenance Provides or a more stable environment for your household electrical
grid…invented in Germany
2 comments:
Even with little extra cash, we've been building our silver stash!
Keep in mind, everything can fail, including our economy, and you can still own silver...you can never own enough as far as I can see. Start small [if you must] & work your way up & keep it physical & under your control!
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