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Topic: Precious metals are not useful in a collapse scenario! - page 3. (Read 13421 times)

sr. member
Activity: 336
Merit: 265
...no electricity and [no Internet]...

Such a total order is impossible because it would require snuffing out every decentralized instance of human ingenuity hiding under every blade of grass on the planet:

(for the same reason NWO can't physically confiscate all the precious metals but NWO can sure as hell make them illiquid as I explained upthread[1] because of their requirement to be physically traded with centralized market makers who have large economies-of-scale; whereas, the NWO can't make crypto-currency illiquid because just like prohibition of alcohol in the prior century and decentralized file sharing, the more they try to stop it, the more decentralized users of it will increase)

[1]https://bitcointalksearch.org/topic/m.16980080
https://bitcointalksearch.org/topic/m.16980315
https://bitcointalksearch.org/topic/m.17868111
https://bitcointalksearch.org/topic/m.16739692
https://bitcointalksearch.org/topic/m.16770121
https://bitcointalksearch.org/topic/m.16737988
https://bitcointalksearch.org/topic/m.16755123
https://bitcointalksearch.org/topic/m.16742292
https://bitcointalksearch.org/topic/m.16753527
https://bitcointalksearch.org/topic/m.16730530
https://bitcointalksearch.org/topic/m.16732850
https://bitcointalksearch.org/topic/m.16769418
https://bitcointalksearch.org/topic/m.16729361
https://bitcointalksearch.org/topic/m.16733941
https://bitcointalksearch.org/topic/m.16737879
https://bitcointalksearch.org/topic/m.16910820
https://bitcointalksearch.org/topic/m.16916220
https://bitcointalksearch.org/topic/m.17080482
https://bitcointalksearch.org/topic/m.17084075
https://bitcointalksearch.org/topic/m.17173412
https://bitcointalksearch.org/topic/m.17174452

Recent comments on the electricity and Internet grid issue:

Final warning to the goldbugs:


See the one world outcome is the death star of collectivism. Again I refer
him to my seminal article on the Rise of Knowledge:

https://bitcointalksearch.org/topic/economic-devastation-355212

Focus on the "Rise of Knowledge" essay and understand why savings must
decay otherwise knowledge doesn't advance.

Armstrong is stuck in an anarchic idea of government and finance. He is
blinded to the decentralized rise of the sovereign individual in the
Knowledge Age. Thus to his hammer everything looks like a nail. He can
only see everything in terms of government. He can't see the true
revolution going on which government can't do a damn thing to stop.

Let them try to turn off the electricity. Watch how fast the Knowledge Age
workers engineer a solution that bypasses their grid.


Your idea makes a lot of sense iamnotback.

I guess that Armstrong's view is colored by his dealings with government. While the systems function, they are very hard to defeat.

But yes watch the engineers generate solutions. Even at the most basic level this already occurs - we see 3rd world nations improvise and innovate when government has failed them, an example being the plastic bottle + bleach + water, set in the roof to generate light.


r0ach you do not even understand MA's thesis which derives from his extensive study of history.

Hyperinflation NEVER occurs in a country which is still able to sell its debt. It happens only in countries which are undergoing revolutions or dictatorships and where the public have lost confidence in the government. The USA has the strongest military and will not hyperinflate away the debt. At some point, they will do a monetary reset and rape you goldbugs. Watch and learn from the master.

I am not going to reply to the nonsense any more. Heading back to my profession as a computer programmer.
hero member
Activity: 994
Merit: 544
Gold will never go out of fashion, and will be regarded as valuable always.

Incorrect. See my prior post for why. Again idiots won't agree, and that is because they are idiots.

Gold has been considered valuable for thousands of years.

Many different civilization all came to the same conclusion, that gold is special, and they did so isolated from each other in space and time.

Sorry, but your "opinion" can't really match history.

If there will be an economic collapse as well as having a doomdsay scenario wherein there will be no banks, no electricity and no government the precious metals will lose its value. In that time survival of the fittest is the biggest concern and people will value food, clothing, shelter and weapons to survive.  Precious metals will become ordinary metals unless they are made into weapons.
sr. member
Activity: 336
Merit: 265
I've read through the PM's & Collapse thread...

But iamnotback makes some great points, namely:

during ww2 gold was used because it already the backbone of the system, unlike now.

as long as infrastructure survives (indicating a financial system collapse) the internet & the speed at which solutions can be engineered outside of governmental avenues. and crypto is blooming, could soon be as ubiquitous as mobile phones. if crypto overcomes onramping obstacles it could serve as the path of least resistance ie stored & sent via mobile phones.

that a total financial system collapse could shove us into a dark age of food shortages (4 meal theory) and need for weapons. in isolated or war torn areas, are PM's more viable than food or ammo.

And incorporate the creative destruction aspect of Stage #5.

So clearly we see what is being created is the antithesis of the NWO, i.e. the decentralized society that is rising to become Stage #6.

This is why the goldbugs are entirely wrong. The NWO is going to take Universal Surveillance control over the tangible economy and destroy it. All tangible stores of wealth will die, and only the new decentralized forms of capital in the Knowledge Age will survive.

And unlike the Fall of the Western Roman Empire, this NWO will be geographically global. The frontier this time will not be geographical (i.e. no Byzantine Eastern Empire), but rather the decentrzalized online economy will be the release value and frontier that provides the way out of the creative destruction.

This is absolutely crucial to understand. And I as @AnonyMint have been explaining this since 2012 with my seminal essay in the Economic Devastation thread and then the various quotes since such as in 2014.

The only source of Marxism is the Jews, it does not originate from anywhere else.

The actual source is the power vacuum created by the natural requirement to concentrate fixed capital in the Industrial Age. The banksters just stepped into that natural power vacuum.
sr. member
Activity: 336
Merit: 265
Wahou, such proof, much wow, lots evidence, woof

The proof is in my 19,000 posts. Have fun finding all the predictions and correct outcomes. There are even summary posts of my predictions in there.

Here is one example for you from 2011 where I was correct and FOFOA was incorrect:

https://bitcointalksearch.org/topic/m.16921750

Advising selling gold at $1362 and buying Bitcoin in the $600s right before the crash of gold to $1100s and liftoff of Bitcoin to $1100:

https://bitcointalksearch.org/topic/m.17172859

How did the Petri dish point from 2011 play out w.r.t. to the EU (another old post of mine) when everyone at the time was saying it would breakup at that time:


Another summary of correct predictions:

https://bitcointalksearch.org/topic/m.16593330

I predicted the smartphone:

Just saying I predicted the iPhone (and Bitcoin) two (and three) years before it happened (note after this email I was evaluating the PDAs such as Nokia 770):

---------------------------- Original Message ----------------------------
Subject: Elaboration of why u will need a wireless handheld computer,      and also an apology
From:    Shelby
Date:    Tue, November 15, 2005 1:45 pm
To:      "TonyT" <[email protected]>
Cc:      "Mom" <[email protected]>
--------------------------------------------------------------------------

...

Advising to buy Monero before its meteoric liftoff:

https://bitcointalksearch.org/topic/m.17297450

Correct predictions relating my intepretation of Martin Armstrong's body of work:

https://bitcointalksearch.org/topic/m.17637578
https://bitcointalksearch.org/topic/m.17635613

My prediction of Trump's victory and even correctly predicting why he would win:

https://bitcointalksearch.org/topic/m.17635513

Predicted that China was just shaking the trees and successfully called the bottom of the pullback just below $800 before it rocketed back up:

https://bitcointalksearch.org/topic/m.17515102

Predicted the pullback from the $1100 - $1200 range and other past predictions of Bitcoin price:

https://bitcointalksearch.org/topic/m.17492820

And here was my one significant mistaken "prediction" (although it was always a conditioned statement as explained in the following linked post):

https://bitcointalksearch.org/topic/m.17295635
sr. member
Activity: 392
Merit: 250
Surely if you're alone saying something and everyone is saying the contrary with proofs it must be because they're the idiots while you're right ^^

You'll never figure out why I am nearly always correct in my predictions (and you will even go misinterpret and misrepresent my predictions to convince yourself I wasn't correct):

This rally since 2009 has been the most BEARISH rally ever in history. Think of this like the mirror image of gold. Gold has declined for 5 years and you have people screaming here we go with ever $20 rally. In the stock market, it has been exactly the opposite. Every time the market decline, they say here we go it will crash by 70-90%.

This is what I mean that the MAJORITY must always be wrong for they are the fuel that moves markets. I have been stating persistently that the Dow cannot “C R A S H” when the majority are bearish and retail participation is at historic lows (see Gallup poll).

Wahou, such proof, much wow, lots evidence, woof
sr. member
Activity: 924
Merit: 260
Gold is a bubble which may at any moment burst. I'm not buying gold right now and do not advise others. The price will fall.
The price of mental may not fell for now as there many indicators pointing a positive sign. May advice for assets traders is buying when the assets is high and sell when it is low. For gold will always push high general pull back slowly not like others commodities and fiat and even bitcoin. Silver as also doing well now.
sr. member
Activity: 336
Merit: 265
Surely if you're alone saying something and everyone is saying the contrary with proofs it must be because they're the idiots while you're right ^^

You'll never figure out why I am nearly always correct in my predictions (and you will even go misinterpret and misrepresent my predictions to convince yourself I wasn't correct):

This rally since 2009 has been the most BEARISH rally ever in history. Think of this like the mirror image of gold. Gold has declined for 5 years and you have people screaming here we go with ever $20 rally. In the stock market, it has been exactly the opposite. Every time the market decline, they say here we go it will crash by 70-90%.

This is what I mean that the MAJORITY must always be wrong for they are the fuel that moves markets. I have been stating persistently that the Dow cannot “C R A S H” when the majority are bearish and retail participation is at historic lows (see Gallup poll).
sr. member
Activity: 301
Merit: 250
You're assuming that we will stay in a digital world.
Now it's not that I want to shatter your dreams, but there is no proof that it will be the case.
Digital area relies heavily on rare metals and ressources. What will happen when we finish the reserves we have? Well some say that "technology should find a way" yeah maybe.
Maybe.

And gold IS useful in an economy simply because it's a natural inflator. Gold amount raises by 1% every year on average, that's a good way to keep inflation under natural control.
Gold is not able to deal with inflation. On the contrary the higher the demand for gold the more inflation. The gold is used in industry but in small quantities. I think it is more an object of speculation than a method of fighting inflation.
What?
No you didn't understand correctly!
Gold power is that it has a natural inflation of 1% which means the total stock of gold increases by 1% per year!
It means that any currency based on gold will have a controled inflation, you understand?
Increasing gold reserves can't last indefinitely. The amount of the metal is in any case limited. Currency can print to infinity. When the amount of currency was linked to the amount of gold the economy was more stable.
sr. member
Activity: 392
Merit: 250
You're assuming that we will stay in a digital world.
Now it's not that I want to shatter your dreams, but there is no proof that it will be the case.
Digital area relies heavily on rare metals and ressources. What will happen when we finish the reserves we have? Well some say that "technology should find a way" yeah maybe.
Maybe.

And gold IS useful in an economy simply because it's a natural inflator. Gold amount raises by 1% every year on average, that's a good way to keep inflation under natural control.
Gold is not able to deal with inflation. On the contrary the higher the demand for gold the more inflation. The gold is used in industry but in small quantities. I think it is more an object of speculation than a method of fighting inflation.
What?
No you didn't understand correctly!
Gold power is that it has a natural inflation of 1% which means the total stock of gold increases by 1% per year!
It means that any currency based on gold will have a controled inflation, you understand?
full member
Activity: 235
Merit: 250
You're assuming that we will stay in a digital world.
Now it's not that I want to shatter your dreams, but there is no proof that it will be the case.
Digital area relies heavily on rare metals and ressources. What will happen when we finish the reserves we have? Well some say that "technology should find a way" yeah maybe.
Maybe.

And gold IS useful in an economy simply because it's a natural inflator. Gold amount raises by 1% every year on average, that's a good way to keep inflation under natural control.
Gold is not able to deal with inflation. On the contrary the higher the demand for gold the more inflation. The gold is used in industry but in small quantities. I think it is more an object of speculation than a method of fighting inflation.
sr. member
Activity: 392
Merit: 250
Gold will never go out of fashion, and will be regarded as valuable always.

Incorrect. See my prior post for why. Again idiots won't agree, and that is because they are idiots.

Ah, I forgot that's iamnotblack talking...
The guy with those AMAZING sources consisting in blog articles written by people not known by anyone and without any data.
Surely if you're alone saying something and everyone is saying the contrary with proofs it must be because they're the idiots while you're right ^^
sr. member
Activity: 392
Merit: 250
You're assuming that we will stay in a digital world.
Now it's not that I want to shatter your dreams, but there is no proof that it will be the case.
Digital area relies heavily on rare metals and ressources. What will happen when we finish the reserves we have? Well some say that "technology should find a way" yeah maybe.
Maybe.

And gold IS useful in an economy simply because it's a natural inflator. Gold amount raises by 1% every year on average, that's a good way to keep inflation under natural control.
sr. member
Activity: 336
Merit: 265
legendary
Activity: 3906
Merit: 1373

Gold was considered a valuable commodity in the old days. I think that this is due to the fact that it is practically not oxidized. Now the achievements of chemistry are such that it is not the main advantage. Then what is the value of gold?

The value of gold is that someone will give you around $1180 for an ounce.

---

It is interesting that the charges leveled against Au apply even better against Bitcoin.  Bitcoin was a first-cut at a crypto-currency, and through various lessons learned much better implementations in it's class and a lot less baggage can and probably do exist.

The value of Bitcoin is that someone will give you around $904 for one.


Bitcoin can't even compete with the dollar. He will compete with gold? As for the growth of bitcoin prices I want to remind you that recently the price of gold was down $ 33 per ounce. I think that is speculation.

When the value of the dollar drops enough that one bitcoin is worth $5,000 or $10,000, Then Bitcoin will have the attention of everyone. Ron Paul suggests that the dollar drop in value is coming soon. It will fall fast when it does. Gradually buy both gold and Bitcoin... a little here and a little there.

Cool
full member
Activity: 120
Merit: 100

Gold was considered a valuable commodity in the old days. I think that this is due to the fact that it is practically not oxidized. Now the achievements of chemistry are such that it is not the main advantage. Then what is the value of gold?

The value of gold is that someone will give you around $1180 for an ounce.

---

It is interesting that the charges leveled against Au apply even better against Bitcoin.  Bitcoin was a first-cut at a crypto-currency, and through various lessons learned much better implementations in it's class and a lot less baggage can and probably do exist.

The value of Bitcoin is that someone will give you around $904 for one.


Bitcoin can't even compete with the dollar. He will compete with gold? As for the growth of bitcoin prices I want to remind you that recently the price of gold was down $ 33 per ounce. I think that is speculation.
legendary
Activity: 3906
Merit: 1373
The Truth About the Economy is Terrifying

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first time ever, the #1 step you should take to protect yourself, your family and your


An Exclusive With Ron Paul The Truth About the Economy is Terrifying

https://www.youtube.com/watch?v=Eu4fOWsYgIY



Or, watch the video at http://ronpaulwarning.com/?cid=MKT147626&eid=MKT306012&pag=oreilly&utm_content=170926576921&utm_term=wearechange.org&gclid=CICRyI6ZuNECFYW4wAodrxIB1w.


Cool
legendary
Activity: 4690
Merit: 1276

Gold was considered a valuable commodity in the old days. I think that this is due to the fact that it is practically not oxidized. Now the achievements of chemistry are such that it is not the main advantage. Then what is the value of gold?

The value of gold is that someone will give you around $1180 for an ounce.

---

It is interesting that the charges leveled against Au apply even better against Bitcoin.  Bitcoin was a first-cut at a crypto-currency, and through various lessons learned much better implementations in it's class and a lot less baggage can and probably do exist.

The value of Bitcoin is that someone will give you around $904 for one.

full member
Activity: 128
Merit: 100
Gold will never go out of fashion, and will be regarded as valuable always.

Incorrect. See my prior post for why. Again idiots won't agree, and that is because they are idiots.

Gold has been considered valuable for thousands of years.

Many different civilization all came to the same conclusion, that gold is special, and they did so isolated from each other in space and time.

Sorry, but your "opinion" can't really match history.
Gold was considered a valuable commodity in the old days. I think that this is due to the fact that it is practically not oxidized. Now the achievements of chemistry are such that it is not the main advantage. Then what is the value of gold?
sr. member
Activity: 406
Merit: 250
Gold will never go out of fashion, and will be regarded as valuable always.

Incorrect. See my prior post for why. Again idiots won't agree, and that is because they are idiots.

Gold has been considered valuable for thousands of years.

Many different civilization all came to the same conclusion, that gold is special, and they did so isolated from each other in space and time.

Sorry, but your "opinion" can't really match history.

Please don't mind this clown. He is fun to poke with a stick from time to time, and he runs around for years with his unmatched coin idea bashing everything else under the sun, but his coin is vaporware of course and will stay vaporware. It's amazing some people still read and believe the BS he writes. Ignorants will be always tricked by charlatans like his kind.
member
Activity: 120
Merit: 13
Pepe is NOT a hate symbol
Gold will never go out of fashion, and will be regarded as valuable always.

Incorrect. See my prior post for why. Again idiots won't agree, and that is because they are idiots.

Gold has been considered valuable for thousands of years.

Many different civilization all came to the same conclusion, that gold is special, and they did so isolated from each other in space and time.

Sorry, but your "opinion" can't really match history.
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