Currency Re-Set Coming? Economic Collapse on the Horizon? Prepare with Gold and Silver

More opinion from Bob Rinear from an article called "Personal Reset Survival".   I did not include the entire article. The beginnings of it talked about governmental currency and the Fed. I thought his comments on holding Gold and Silver would be of interest to Survival Preppers even though many of you do not think holding precious metals are a high priority. I understand that most people simply cannot afford Gold - neither can I. None of us cannot afford NOT to own some precious metal and that draws us to Silver, however I hope Rinear's comments will have some of you re-think the possibility of getting some smaller weight Gold coins.

Very few people own gold. VERY few. The bankers like that. The raids they’ve done on the paper futures to drive prices down, have sent most of the “make believe” gold holders sell out and forget it. This isn’t an accident. They don’t want a lot of folks holding a lot of gold, because when the reset comes, they’ll benefit “too much” from having a big stash. They’d like it better for you to have your silly paper currency and nothing else. This is why I believe that to this day, gold and to a smaller extent silver is the single best thing you can do to help yourself through this upcoming period.

The problem for most people is simply the price. The Average guy wants to own some gold he knows it’s the right thing to do. But he can’t cough up the 1300 bucks needed to buy an ounce. This is why most people tend to go with silver. It is still cheap enough to where you can buy a pretty hefty amount for not too much money. Will silver do well? Yes I think so. I’ve said for years, that its got 70 dollars an ounce in it if not more such as 100. But it will be gold that makes the biggest move, and be the most desirable.

While silver is still used in coinage around the globe, all trade between nations concerning gold is done by LBMA certified currency grade gold. Most people don’t understand that. They think that if they have some US gold coins or Canadian maple leafs, that these are what governments would use to settle debts. This isn’t true. It all has to be smelted down, refined to 999.9 and certified by the LBMA. This is an incredible purity, done under very strict guidelines. Each step of the process is monitored and recorded. Oh and by the way, it “costs” more. One of the questions that we get a lot is “what should I buy, coins, bullion, rounds?” My answer is fairly simple. If you’re talking about silver, you want one-ounce “eagles”. They’re without doubt the single most recognized coin you could have.

But in gold, it’s a bit of a different story. With gold costing 1300 dollars an ounce, it is 1) hard for the average person to buy much of it if any at all, and 2) as far as using it as a true currency, the unit is “too big” to be practical. In other words, let’s say that all hell breaks loose, things get really ugly for a period. Well you still need to buy “stuff” whether it’s food, or fuel or an axe. What are you going to do, hand over a one ounce gold coin for some canned beans? No, that doesn’t work.

So in Gold I suggest buying the smallest recognized coins you can get. Will you pay a premium for that? You bet. Just like a pint of milk costs more per ounce than a gallon. But I’d rather pay for a “good” with a 1.10th ounce coin. So, in our way of thinking, holding silver eagles and small weight gold coins is good “survival” tactics. For holdings beyond that which you would use for emergency money, then you would consider one ounce gold coins, and bulk silver.

We do NOT buy numismatic coins as the bulk of their “value” is what someone says it’s worth, versus the metal content. That can vary too widely for us. I believe the reset is coming. I believe the Chinese are pushing for and demanding it and they carry enough weight now to make it happen. I think their push to hoard up so much gold is to try and percent back the Yuan with gold, and thus make the renminbi (the official currency) attractive enough to carry a good weighting in the new SDR’s. I think that when it happens, gold and silver will be allowed to rise to all new highs. I have to believe, having some of both is the single best thing we can do.

Is the Chance of a Collapse Decreasing?

Are you one of the preppers who has started to slow preparation for, or even days go by when you are not thinking of a potential collapse? I have several friends of mine who either say or do things to indicate a general belief that the chance of a major SHTF is decreasing. One of my friends bought a very expensive dining room set and the other a small sports car. Me? It was like "Dude's, are you kidding me? Now is not the time to incur more debt especially with items that will have no intrinsic value if the economy tanks.

This prompted me to ask some more people I know who are prepping if they thought there is better possibility that an economic collapse is being delayed and/or potentially could be staved off.

One guy told me that fuel prices, food and other commodities costs are all holding steady. Interest rates still at historic lows, so he is optimistic that a collapse can be avoided. I reminded him that I, too, hope for the best, but still prepare for the worst.

Another person says it looks like the federal government is solving the funding problem, finding ways around sequestration and it is more likely some problems will be resolved even given the vast diferences between the two parties in power. I didn't even reply to this but I sure as hell thought "What planet are you living on?"

Here's my short list just on recent events that tell me different, that point to ignored problems and an increased likelyhood of a coming collapse,....and in fact the longer it is put off my sleight of hand programs, policies or artificial money coming into play, the bigger and deeper the collapse will be.

CNN Money is reporting that England's economy is falling back. The United Kingdom's debt has rating has been downgraded to 'AA+' from 'AAA', due to the lack of growth, annual deficit and growing debt - and no prognosis to get better. In fact, the prognosis for England is dim, with recesson appearing on the horizon.

Lack of Food. Here in the states we see several large cities with food banks for the truly needy about empty. I am not talking about the "welfare cheats" but the absolute desperate who rely on community food banks to eat.

Severe Environmental conditions in the U.S. with overall Exceptional Drought conditions and some places experiencing the worst drought in the last 100 years. The heartland is producing less and less food while the demand is greater and this of course is a recipe for increased prices. We have over 47 million Americans on food stamps with another estimated 12 to 15 million that are eligible. There is a huge government effort to get these people signed up. Regardless of how you see this program, the simple fact is that we can't afford it. To be sure there are some people who think we can afford it, and a host of other spending as well.

U.S Cities falling. Large and medium U.S. cities, such as Detroit MI, Dayton OH, Las Vegas NV, Fresno CA, Chicago IL, El Paso TX, Sanford FL, Newark NJ, Philadelphia PA and I am sure others are all facing one or more problems relating to deficit spending, increased local taxes, abandoned buildings, shrinking population (tax base), growing debt usual associated with decreased revenue and increased pension outlays, increased crime and violence which will increase yet because of por economic conditions and reduced law enforcement budgets.

Even after gun control legislation failed, all over the United States there is an ammunition shortage that is really unprecedented. From a couple of my geographically diverse friends, common calibers such as .22LR, 9mm, .38 Spl, .40 cal, .223, and .308 are practically impossible to buy. Other calibers like .300 Win Mag, 7mm, and .243 are available. There has been a reported shortage of 12 gauge buckshot, but slugs are still routinely available. BTW, keep your eyes and ears tuned for another round of anti-second amendment laws to be proposed.

On the precious metals market there has been panic buying of physical gold and silver, as China, Russia, India and others started increasing their physical gold purchase. Preppers are telling me that their local shops don't have Silver bullion. The main reliable precious metals has been silver coins for melt value. Prices will go up before the supply gets stabilized, if it does get stabilized. Buy it while you can.

The Possible Collapse scenario of terrorist strikes of a very significant nature or smaller terrorist strikes which would prompt widespread martial law are higher today than they were three weeks ago with the much publicized terr bombing at the Boston Marathon and the lesser publicized event at the Tennessee Valley Authority’s Watts Bar Nuclear Plant where a security guard had a chance contact with, and interdicted an armed trespasser who inserted by boat onto the property. Shots were fired, no casualties. Trespasser withdrew. All we all know that Islamic terrorists would like nothing more than to target U.S. Nuclear, conventional power and chemical plants with the emphasis being on chemical and nuclear due to their serious contamination issues.

All in all, I'd say that the collapse is much more likely now, and in fact, we just may be heading unimpeded to towards SHTF.  Don't be the ostrich who has it's head in the ground.

The Horrifying Collapse of America Predicted

Chris Hedges saying "Brace yourself,...the American Empire is Over and the Descent is going to be Horrifying". Mr Hedges paints a terrible picture on the decline of America, why it is happening and how it is irreversible. While some of Hedges says I personally disagree with, it is really irreflutable that debt, corruption, over burdening and heavy handed government and simply incompetence has doomed this country.