Poor Man Survival
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A Digest of Urban
Survival Resources
Key
reasons to buy and hold physical gold...
Inflation, due to Biden’s policies, will
continue to wreak havoc on your budget. We’ve
addressed ways to fight this and will continue to present tools you can use.
It's tangible, with inherent value. Physical gold is
real and tangible. It is indestructible, impossible to create artificially, and
difficult to counterfeit. Mining physical gold is arduous and costly, therefore
it has inherent value and worth. In contrast, paper money doesn't have any
inherent value.
No counterparty risk. Physical gold is an asset that isn't
someone else's liability; when you hold and own gold bars and gold coins
outright, there is no counterparty. In contrast, paper gold (gold futures, gold
certificates, gold-backed ETFs) do all involve counterparty risk.
Scarcity. Gold deposits are relatively scarce across the world and
difficult to mine and extract. New supply of physical gold is therefore limited
and explains why gold is a precious asset. Gold's scarcity reinforces its
inherent value.
Cannot be debased. Because of its physical characteristics and
features, gold cannot be debased, and its supply is immune to political
meddling. Compare this to "printed" and electronic money whose
supplies are constantly being debased and destroyed via deficit government
spending, central bank quantitative easing and financial system bailouts.
A 6,000-year history. Gold has played a central role in society
for thousands of years from the early civilizations of ancient Egypt, right up
to the contemporary era. Gold has facilitated international trade throughout
history, has been directly responsible for the economic expansion and
prosperity of numerous civilizations throughout history. It has even been, due
to gold exploration and mining, the direct catalyst for the growth of some of
today's best-known cities such as San Francisco, Johannesburg and Sydney.
Store of value. Gold is a pre-eminent store of value. Physical gold, in the
form of gold bars or gold coins, retains its purchasing power over long periods
of time despite general increases in the prices of goods and services.
In contrast, fiat currencies — government-issued money not
backed by a physical commodity with intrinsic value such as precious
metals — are
not stores of value. Their purchasing power is eroded by inflation... the
general increase in prices. Fiat currencies have a long history of either
becoming totally worthless and going out of circulation, or else becoming
completely debased while remaining in circulation. Since the creation of the
U.S. Federal Reserve in 1913, the U.S. dollar has lost over 98 percent of its
value its purchasing power — relative
to gold.
A long-term inflation hedge. Physical gold's ability
to retain its purchasing power over time is sometimes referred to as the
"Golden Constant". This reflects the fact that gold's purchasing
power is constant over long periods of time. This 'constant' exists because the
gold price adjusts to changes in inflation and future inflation expectations.
Physical gold is a long-term hedge against inflation.
A 2,500-year track record as money. Because of its ability
to retain value and act as a store of value, physical gold has been used as
money for thousands of years. Gold coins were first issued in the Lydian
civilization in what is now modern Turkey. Subsequently gold was used as a
stable form of money in Persia, ancient Greece, ancient Rome, the Spanish and
Portuguese empires, the British empire, and right through to the various
international gold standards of the 20th century.
For 97 percent of the last 2,500 years gold has been chosen by
numerous sophisticated civilizations as the form of money par excellence and an
anchor of stability. It was only in August 1971 that the U.S. suspended the
convertibility of the U.S. dollar into gold... a move which triggered the
debt-fuelled global expansion that is still having repercussions.
A safe haven. Physical gold acts as a safe haven asset in times of conflict,
war and geopolitical turmoil. During the financial market stresses and
heightened uncertainties caused by wars, conflicts and turmoil, the
counterparty risk of most financial assets spikes. But since physical gold does
not have any counterparty risk, investors rush to it during these periods so as
to preserve their wealth. This is analogous to sheltering in a safe harbour.
Gold can thus be seen as a form of financial insurance against catastrophe.
Portable anonymous wealth. Gold bars combine high
value with high portability. In times of conflict and war, gold bars and gold
coins are ideal for transporting wealth and savings across borders and within
conflict zones in an anonymous fashion.
Universal acceptance. Gold is universally accepted as money, with the highly liquid
global market always providing ample sales opportunities for gold bars and gold
coins. This means that whichever city you are in across the world, you can
always sell or trade your gold bars and gold coins.
Emergency money. Military personnel are often issued with
gold coins that they carry with them in conflict zones as a form of emergency
universal money. For example, the British ministry of defence often issued RAF
pilots and SAS soldiers with gold sovereign coins to carry on their persons
during combat missions and activities.
Outside the banking system. In the current era of
global financial repression, physical gold is one of the few assets outside the
financial system. Gold is not now issued as currency by any monetary authority
or central bank or government. Gold is independent of the banking system. Fully
owned physical gold, if stored in a non-bank vault or held in your possession,
is outside the banking system.
No default risk. Unlike a government bond, there is also no
default risk with gold because it is not issued by any authority that could
default. Gold bars and gold coins are no-one else's liability. Physical gold
cannot go bankrupt or become insolvent. Therefore, there is no need to have to
trust any other party when holding physical gold.
Portfolio diversification. Adding an investment in
gold to an existing portfolio of other investment assets such as stocks and
bonds reduces the volatility (risk) of the investment portfolio and can
increase returns. This is because the gold price has a low to negative
correlation with the prices of most other financial assets, because gold is
less influenced by business cycles than most other assets.
Numerous empirical studies by financial academics, as well as
industry bodies, have validated gold's role as a strategic portfolio
diversifier.
Currency hedge. There is generally an inverse relationship
between the gold price and the U.S. dollar. The gold price generally moves in
opposite directions to the dollar. Therefore, holding gold can act as a
currency hedge and help manage the currency risk of portfolios.
Metallic properties. Gold has many and varied metallic
properties. These provide gold with many technological and commercial
applications and uses, which in turn contribute as demand drivers in addition
to investment and monetary demand for gold.
Gold is highly ductile (can be drawn into very thin wire). It is
also highly malleable (can be hammered and flattened into very thin film). Gold
is a very good conductor of electricity and heat. It does not corrode or
tarnish. It is chemically unreactive and non-toxic to the human body. It has a
high lustre and shine, and an attractive yellow glow.
These properties explain gold's use in electrical and electronic
wiring and circuits (for example, computers and Internet switches), its use in
the medical and dental fields, its use in solar panels and space travel, and
gold's traditional uses in jewellery, decoration and ornamentation. With new
technological uses being found for gold all the time, gold's demand pattern is
diversified and underpinned by its commercial importance.
Physical gold — a tiny fraction of paper gold. The London wholesale
gold market and the U.S.-based gold futures market generate huge trading
volumes of paper gold that dwarf the size of the physical gold market. However,
these markets only trade derivatives on gold (futures and unallocated
positions), representing fractionally-backed and unbacked claims on gold that
could never be convertible into physical gold by claim holders.
In a scenario under which these paper gold markets became
unsustainable, the prices of paper gold and physical gold would diverge, with
the paper gold markets ceasing to trade and collapsing, and only physical gold
retaining any real value. Physical gold is therefore an insurance against the
collapse of the world's vast paper gold markets.
Not an ETF. Physical gold provides all the benefits that gold-backed Exchange
Traded Funds (ETFs) do not. ETFs provide exposure to the gold price, not to gold
itself. Holding physical gold is by definition direct exposure to gold. With
most gold-backed ETFs you cannot convert the units into gold and take delivery
of the gold, and in many cases the locations of the vaults are not even known.
If holding physical allocated gold bars or gold coins in a vault, such as with
BullionStar in Singapore, you can always take delivery.
Gold ETFs have many counterparty risks since there are many moving
parts in an ETF such as a trustee, a custodian, and a sponsor/issuer. Physical
gold has no such counterparty risks. When you hold a gold-backed ETF, the
quantity of gold backing the ETF declines over time due to management fees
being offset against the gold holdings. When you hold physical gold, you always
remain with 100 percent of the actual gold you first purchased. There is no
erosion of holdings.
Anonymous storage. Gold can be stored anonymously, either in
your possession within your house or property, or in a vault in a jurisdiction,
such as Singapore, that has no reporting requirements. Since gold has a high
value to weight ratio, storing gold does not take up much space.
Independent of Internet. Owning physical gold is
not reliant on having Internet access and access to electronic wallets and
cryptocurrency exchanges. Furthermore, gold cannot be stolen by hacking an
electronic address or by transferring or deleting a number in a computer.
Real gold is measured by weight. Physical gold is
measured in weight, not through a number set by a politician or central banker.
When you buy a kilo gold bar, a 10 Tola gold bar or a one-ounce gold coin, you
will always have that bar or coin, irrespective of the fluctuations of
currencies. While thinking of the value of physical gold in terms of a fiat
currency might be convenient, a better way is to think of a gold holding in
terms of the weight you own.
Collectibles. Buying investment gold bars and bullion gold coins allows you to
build a diverse collection of bars and coins that are at the same time a
fascinating pastime as well as a form of investment and saving.
Bullion gold coins from the world's major mints are beautiful and
often have a connection to history. Investment gold bars from the world's major
gold refineries are distinctively different from one another and you can vary a
collection by cast or minted bars, and a selection of weights.
Physical gold feels like real wealth. When you hold a handful
of one-ounce gold coins in your hand, you intrinsically know that you are
holding real wealth; they're something that is scarce and that has been costly
to produce.
Loan collateral. Gold can be used as loan collateral. Since
gold is highly liquid and valuable, it can be lent and used as a form of
financing, and as a way of generating interest. The wholesale gold lending
market between central banks and bullion banks is highly active. Likewise,
retail gold holders can also in various ways lend their gold to receive
financing or interest, with new innovations to do this arising all the time.
Central banks hold gold. Although the world's central
banks like to downplay the importance of gold because it competes with their
fiat currencies, most of them continue to hold substantial amounts of physical
gold bars and gold coins in their vaults. They hold this gold as a reserve
asset on their balance sheets, valuing this gold at market prices.
Like private gold investors, central banks hold physical gold
because it is highly liquid, it lacks counterparty risk, and because gold is a
safe haven or 'war chest' asset that acts as a financial insurance in times of
crisis. Central banks also hold gold for the unpublished reason that if and
when gold re-emerges at the centre of a new monetary system, these very same
central banks will not be caught out having no gold.
For gifting. Gold coins and small gold bars make great gifts. Gold is a
traditional gift in many societies around the world. Gifting a gold coin or
small gold bar to mark a birth, anniversary, wedding or other special occasion
is an ideal present that will be highly appreciated by the recipient.
For inheritance. Gold bars and gold coins are a great form
of inheritance for your children and family members. Because gold is real,
tangible, valuable, and has a highly liquid trading market, it is an ideal
asset for inter-generational wealth transfers. Because it's fabricated in
convenient weight denominations, such as troy ounces and kilograms, it can be
distributed equitably among recipients, as often specified in wills and trusts.
Gingrich: Dems’ Massive
Spending Will Worsen Inflation And Lead to GOP Blowout in 2022
Dem Budget Includes Green Card Giveaway, Mass
Amnesty
RESOURCES
Imagine you're relaxing on the couch with your phone or tablet
-- perhaps reading an article on Urban Survival Site -- when lightning flashes
against the windows followed by a deafening crack of thunder. An instant later
the lights go out and your home becomes dark and eerily quiet. What is the
first thing you would do in this situation?
Hopefully, you have an easily accessible flashlight in each room
so you don't have to go digging through drawers and cabinets in the dark. But
if it's a long power outage, you don't want to use flashlights the entire time.
At some point, most people get out the candles, but there are many other
options.
In this article, I'm going to cover all the most common ways to
light your home when the power goes out...
11 Ways To Light Your Home When The Power Goes Out
You may also like...
8 Ways To Generate Power Off Grid
Most of us who own generators for backup electric power for our
homes do the usual thing. We run some extension cords from the generator into
the house connected to a power strip or two. One extension cord usually runs
into the kitchen to power the refrigerator and the other cord to the living
room or family room to give us some light at night.
That kind of setup usually gets us through the usual power
outage with a duration of a day or two at the most. But it’s when an outage
extends into a week or more or when outages happen with any frequency that the
extension cord solutions start to wear a little thin.
Another alternative is to run a large gauge extension cord
directly into the house with a dedicated power strip or more, but it still
requires a lot of improvisation and does little to help run hard-wired
equipment like furnaces, well pumps, and other appliances and equipment that
aren’t simply plugged in...
How To Connect A Generator To Your Home
You may also like...
8 Features To Look For In A Portable Generator
TRS volt power bank - Back in stock!
3000mAh Power Bank Battery by Volt comes complete with a
micro USB charging cord. This battery can be used as an extra or replacement
battery
https://www.bonanza.com/listings/Volt-Solar-Power-Bank-Great-for-Emergency-Power-Anytime/10
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You Can’t Buy Life Insurance After You’re Dead
Not Prepared?
That's Bad News...
You Can’t
Buy Life Insurance After You’re Dead-Prepare NOW for Emergencies…Small radios,
books, emergency power cell or solar/battery
radio weather radio!
TACTICAL SHOTGUN FOR SELF-DEFENSE [DVD]
Takes you to the world famous Gunsite Training Center
https://www.bonanza.com/listings/Tactical-Shotgun-For-SELF-DEFENSE-DVD-Training/1049969076
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2 comments:
The only winners w/ inlation are the wealthy & government workers.
July saw prices rise to a 7-year high for fuel [$5 a gal in CA]...ShadowStats.com warns 'fundamentals are strong for gold n silver but weak for the US dollar & stock.'
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