What will the next financial meltdown look like to the man on the street? Market analyst Lynette Zang predicts, “The BIS showed how they would bail in the banks over the weekend. It’s pretty easy to see if you look across the pond to Greece. You will have no access to your wealth. You may have a pretty statement that says you have xyz (stocks) in there. You just can’t touch it.  It will be the same thing with your bank account… basically, access will be gone. That’s what it will look like, and people are going to be freaked out. What do you do when the computer says no? There is a certain amount of cash in the ATM, maybe $60 a day, maybe $300 a day. Who knows? But it’s not going to be enough. Most people will freak out because they have about three days of food in their house.  Most grocery stores have about three days of food on their shelves. So, what happens after day six? People will will panic…

From Greg Hunter:

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    • ok I m marking this down. URFUTURE is saying to short silver at $15.77.  How low will it go?   When should I settle the short?  Will it go down to $10?   Or are you still just bitter that you aren’t a multimillionaire yet from your big metals bet?

    • Might as well believe in pots of gold at the end of the rainbow which is guarded by the Keebler Elves.  These supposed guru’s couldn’t forecast their way out of a wet paper bag.

  1. Copper… I remember thinking to myself… Who would buy or want copper?   Then I remembered that on a trip to Israel… I had once bought a 1 oz copper medallion for about $35.00 as a souvenir.  Stupid huh… considering that I now know that I can buy a 1 oz copper round for as cheap as a buck.

    My point is that I have starting adding some copper to my stack orders… and I am finding that to my surprise… people fall in love with them.   I started giving away the liberty coins to a few friends  and now everyone wants me to order them some.   It has come apparent to me that these copper coins and bars will definitely have some barter value when the SHTF.   Copper has perceived value.

    In the category of … The more I learn… the stupider I become.

    For example… Steve Quayle stated that the only way that you can kill a nephilim giant is with a fully copper bullet and then cut his head off like David did to Goliath.   The copper poisons his blood… according to the special forces guys.  Needless to say… I will have me some copper bullets.

    • “In the category of … The more I learn… the stupider I become.”

      I always preferred… The more I learn, the less I know.  😉

      Mainly because learning not only teaches us things but it also expands our horizon as to just how much more there is to learn and know.

      As to copper bullets… copper jacketed bullets are common and should do the job just as well as solid copper bullets.

    • Depends on what happens in the future, which we cannot know as of the present.  If you see your silver as financial insurance against a number of Fed / US Gov induced problems, then no, you have not wasted your money.  In fact, you haven’t even spent your money.  You have merely converted soft fiat paper currency into hard precious metal money.  It can be converted back again at need or it can be held for the long term as a store of value and inflation hedge.

      Currency and commodities vary in price over time but the general trend, thanks to inflation, is that PM prices will rise over time.  It is this long term aspect of PM ownership that causes us not to put short term money into PMs.  Holding a decent amount of emergency cash means that the market cannot force us to sell our PMs to raise cash during a market reversal.  The same is true of stocks and other assets.  Not buying more than we can afford to hold comfortably for the long term is wise.

       

    • “So have I wasted my money buying silver bullion?” NO, NO, NEVER, Steve, you have the basis for a Great savings plan.

       

      If you keep building your wealth with ‘REAL MONEY’ & forget about the day to day ups & downs of it measured in fiat CRAP you will be surprised at the height of your stack & sleep better @ night. CHEERS. _JLG. 

  2. The market will not melt down as long as there is a federal reserve. They won’t let it happen again. They will just crank up the printing presses and put it into the market. That’s why Janet Yellen is so confident that they’re won’t be another financial crises in our lifetime. That’s also why the market keeps going higher, they know the Fed is backing it. So as long as stocks go up, the metals won’t. However, it doesn’t take a rocket scientist to figure out that things aren’t really improving in the economy. With cost of living going up, wages stagnant and everyone going into deeper debt, eventually this shitstem will fail. Until then all of us who have a brain and have seen this trainwreck coming have been the one’s who got hurt. If I was like a friend of mine who doesn’t pay attention to anything other than reality TV shows, porn and video games, I wouldn’t been better off. He just sticks his money blindly into the stock market, lol. I’m just amazed at how long they can keep it going.

    • “He just sticks his money blindly into the stock market, lol.”

      I know the type.  These are usually the ones who bail out at the very bottom of a bear market, thus locking in their paper losses as REAL losses.  How did your friend do in 2001 and 2008?  It’s EASY to throw money at a rising market.  😉

       

    • People say that because the market always has come back.  But that does not mean that it has to come back.  In a currency collapse, is there any coming back for assets that are priced in that currency?  Maybe… or maybe not.  That’s new territory and normalcy bias doesn’t provide any clarity on this topic.

      I also have hung onto depreciated stock, mutual fund, and ETF shares, figuring that there was nowhere to go but up.  So far, that has worked.  But there is no guarantee that this always will be the case.  So far, so good, though.

      In the event that there is a collapse and things do not return to whatever we consider as normal, there’s always our stacks of PMs and trade goods on which to fall back.

       

    • I looked into copper in the UK and find you can buy it on ebay for example in unmarked bar form but it seems to cost about 4x spot.  When the economies tank my bet is the spot price will go down as it is an industrial commodity.  However losing >75% of you wealth is better than losing 100%.  You might regain some of the losses in a distant future.

      I think uranium is probably a good bet.

    • Copper?  Pfft!  One would have to own pallets of copper bars in order to hold meaningful wealth in this cheap metal… and who has room for that?

       

    • You may be borrowing money but you are buying groceries. Creditors can’t take back the food. You don’t need much money per month to pay the bill. I buy my food now on credit and that won’t change.

    • Suit yourself.  But when they do away with cash, those who use credit cards for everything will be a significant part of the reason why that happened.  :-/

       

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