Article from June 2004 where I recommended silver (then $7.50, now $17.50)

[roccman]

I love these I told you so posts - really - not being an asshat...

I have said for year this is sport - that is - I TOLD YOU SOs are bagged and tagged.

Like Denninger and his flip flop on the dollar...

Bagged and tagged by me.



Next?

Who are still in the anti-hyperinflationary camp? who has the balls to break from the crony cyber groups and tell these prognosticators they were wrong - LIKE TAE?

[JurisDoctorOfDoom]

Rocc is right, there is a sport or (as Jay Hanson might say) a social fitness component to pretty much everything and that includes the doom blogs too.

[cygnus]

For most LATOCers, my guess is we're talking small amounts in the $500-to-$5,000 range. Put it in a mason jar or two, bury the stuff in the yard and don't think about it till things get to the point where food and fuel deliveries start getting spotty.

Just be sure it's airtight. You don't want nasty tarnishes on your precious.

Mason Jar packed with metals and dessicants, pump-n-sealed to vacuum seal it, then the ring removed (to prevent it rusting to the flat lid and preventing you from opening it) and the top over-dipped a couple of times in wax, then wrapped up into a mylar bag with more dessicants, sealed and then placed into a solid container of some sort and buried deep. 

[SEFlaRepairman]

Cygnus,
You've missed one of the reasons for gold's long-standing popularity as a store of wealth: you can can dump a handfull of coins in a hole, bury them, dig them up 10 years later, and they're still shiny.  It's incorruptable in more ways than one...
Errol in Miami

[cygnus]

Cygnus,
You've missed one of the reasons for gold's long-standing popularity as a store of wealth: you can can dump a handfull of coins in a hole, bury them, dig them up 10 years later, and they're still shiny.  It's incorruptable in more ways than one...
Errol in Miami

Nope, I didn't miss it - it's just that I, and many others here, have mostly silver in our PM stashes.   

[EastcoastJD]

I'm suddenly reminded of that scene in the novel The Road where the man and the boy who were looking for canned food and ammo find some silver (or gold) coins and then just toss them aside.

I also wonder if Orlov also talked about PMs when he talked about physical assets like land and water sources.

Of course, it's probably a good idea to have a mix of various assets, including some PMs.

That's why I said the trick is knowing when to sell these metals before the whole thing comes down, and exchanging them for items of real value: food, equipment, etc.

Yep, that's the trick.  Only thing is, what if we get no advance warning?  What if we just wake up one day and ts HAS htf?

IMHO, the only way the shit will hit the fan overnight is if there's a nuclear strike, meteor, or EMP.  Hyperinflation, on the otherhand, will take at least a few weeks or months to run its course.  However, hyperinflation means the effective collapse of our infrastructure (electrical grid, communications).  There's no one left in the world willing OR able to bail us out this time around.  The continuous hemorrhaging of jobs in the meantime guarantees poverty will GREATLY increase in the coming months and years, even if the dollar doesn't hyperinflate somehow .  Judging from all the bonuses the bankers gave to themselves government lent to the finance industry, it looks like the PTB (at least to the extent the average banker is viewed as a PTB) believe hyperinflation is a likely scenario.  Afterall, they are bankers, I'm pretty shocked that they've managed to keep the whole charade running this long!

I imagine though for any one of us who has lost their job and have no hope of ever getting a new one, the shit has effectively already hit his or her fan.