Company drivers might get $25,000 each!

Truck driver is risking their lives delivery.

 

There is a finite limit to secure storage in my place. There is a dealer in little rock that sells a variety of safes and related security locks for doors etc. Not that it really matters. The big change will be the rider added to the insurance in case of theft, fire etc which will need updating as time goes by.

We do not put anything valuable in bank safe deposits. Papers sure, of which plenty of copies exist.

 

Good idea!!

 

Yay, redistribution of wealth! That's a great idea. We need to do as much of that as possible. Unabashedly subversive. Enemy. Self-serving political cancer. And popular among the common folk! I'm excited to see where this goes, the jackals are lighting up like light bulbs to feast on the now wounded country. It injures its leg, it stumbles, notice how they follow it to the ground, snarling? Is there anyone in positional responsibility willing to reach out and help it? Does anyone notice the lack of positive discourse about how weird the situation is being pushed to and encouraged to become? Almost like everyone scrambling to make $ deals to profit off of catastrophe on one phone, while on the other phone scrambling to make blood deals against their enemies while their enemies are tied up with their own two phones making deals against the next guy. Everyone distracted, mom and dad beating the teeth out of each other, the kids start mimicking mom and dad and beating the teeth out of each other. where tf are the adults.

 

When you can only quote the guy’s name instead of what he thinks, perhaps you don’t know as much as you think you do.

Dave trashes Gold and Silver because he is always taking the long view to personal finance.

The Great Depression was from 1929 to 1939. That’s a decade of unemployment and misery. In depressions, playing the short game is both necessary and wise in order to play the long game later on.

 

Yes, I generally don't own precious metals because they underperform in the long run.

I had been in cash for over a year. I though the market was way too high. Yeah, I missed the stock market highs, but I also suffered no losses in the recent crash

However, I have recently taken a position in metal in the past few weeks because I am worried about getting wiped out when inflation hits.

 

Gold loses every year. The interest is what 2%? Inflation is 4%! Gold actually goes up and down, but not worth the investment. Thanks for telling me that I don’t know ####.

 

In 2011 silver went to 50 and Gold close to 2000. In the late 70's a pair of buyers tried to buy all the silver then in existance and drove the price again to 50.

Based on a 15 silver to one gold pricing should be around 100 silver at 1500 gold. But the current spread is standing at around 110 or so give or take a few against one of gold. That is the play some of us are working on. When the currency in your wallet in cash devalues it will take more to buy gold and silver among other things.

Geo. Washington once stated that a wagon load of continentals would not buy a wagon load of provisions end quote to support his large distillery business at Mt Vernon, which was then the largest in America at that time. Hamilton his Treasurer worked to build the then new American Money system on sound metal. That got revoked in 1933 when FDR issued a order making possession of Gold Eagles in any denomination illegal or any other gold instrument. At that year of confisication, Gold stood at right around 24.00 in value per ounce. Now my grand parents bought a home for about 1100 dollars in the early 20's which is right around 45000 in today's money. Its still a bargain. In 1934 FDR allowed americans to buy gold from Uncle Sam at I think 34.00 a ounce and issued paper money and debased metal coins. Copper pennies, zinc and silver etc Nickel is the one coin that is considered a war strategic metal costing uncle sam about 11 cents to make. At some point Nickel will be reserved for war effort in the future and we will have essentially wooden nickels then.

A side note, the green dollar bills in your pocket dates to the American Civil War when Union Troops were paid in greenbacks a paper cotton based currency easier and safer to transport on steamboats to the front. If the CSA managed to sink a few of those, Dear Uncle Sam would just print more and try again. No need to ship gold payrolls into war time conditions where its truly gone if stolen.

The Romans paid their soldiers in Salt 2000 years ago which had a greater value in denari than all the gold then in that empire when it failed. It failed ultimately because it literally had no value to anyone. I think history recorded that one person was offered essentially the entire then Roman world in existence if only he will accept such a ruling position offered by the then Senate. He declined. and so the Empire passed into history books. Poof.

Finally but not least, There is only so much gold and silver and other metals in the earth. If you wanted to go into space and mine a asteroid that is all Gold, Diamond or whatever and bring that back to earth and issue every man woman and child something like 4000 trillion dollars in cash on the planet the Mountains of paper must burn for years. There are asteriods and other planetoids capable of enriching humans. Only because we have this thing called a dollar. What is a dollar worth? Well that depends.

Fast forward 30 years. Uncle Sam is around 300 trillion in debt. A coffee cup costs 100 million dollars in a single bill passed across the counter, Zimbabwe style. Only a small briefcase of those bills will inflate that 300 trillion or so in debt to be paid for. Poof. All gone.

We broke the USSR by printing more money and spending same faster and with more balls so to speak than they ever could keep up. One Presidents imagined star wars tech which would have shielded the USA from USSR Missiles by the thousands scared them so bad. They did not possess the funding, guts to try and overcome what in the end was just a ... story. A yarn. A dream. Something that was not possible then.

Then again we possess things today that did not exist in the 80's potentially making the world a interesting place. And not necessarily a good one.

 

That stated back in 1971 when President Nixon closed the Gold Standard quietly. The roughly 8400 tons of bars in Fort Knox has no value beyond itself.

What they will not do is reinstate the Gold Standard now. Not when the M6 value indicates a world buried in American 100 dollar bills under so many beds. If they pegged that to the Gold in Fort Knox again we will benefit and THEY will have a problem. Being unable to spend beyond what must be next year's Balanced Budget.