[peeker01]

for five years i have prepped and saved. just bought a bunch of gold. now oil is dropping
like a rock, silver is in the tank. will i see collapse in my lifetime.

[Pops]

I take out my disappointment on trolls.

[jboogy]

I'm not dissappointed the collapse hasn't occured...yet. More time to prepare. Because it is coming, the signs become clearer every day. The worldwide debt crises grows larger and potentially more explosive with every additional extension of, (and increase in), bailout money. It mathematically HAS to detonate eventually. I only hope that the restructuring in this country is relatively quick and painless, but I have a feeling it won't be.

gratuitous, non-committal emoticon.....just because I can

[AgentR11]

Ok, so you've bought a commodity at its high... for now. But for what purpose did you buy it? Did you buy it, in order to sell it at $2000? If you did, you're just speculating, and you shouldn't take your losses any more seriously than a spin of the roulette wheel. OTOH, if you bought it, in order to insulate against hyperinflation, just relax; no one gets to say when, or even if in our lifetimes, such an event will occur. I do have gold, bits bought over the years, if one day my last months' budget goes from supporting my family to being enough for one loaf of bread, then I'll know its time to exchange some for cash in order to reset the playing field for me and mine; but till then, its just pretty little ooh-shiney's. They aren't hurting anything sitting in their box, and I certainly can't complain about their change in value; heck right now, if you have investments that are keeping up with inflation you count yourself in the win column, and gold generally does do just that.

In a more general sense, you shouldn't look forward to "collapse". Be thankful it hasn't come yet. There is absolutely no chance that you will be more comfortable and secure after collapse, than before. Its not a benign reset. If anything, it'll be a magnitude 10 entrenchment. That point in time will almost certainly lock in the course of the rest of your life, and likely the lives of several generations afterwards. If you think the rich and powerful get their way now... you've not seen anything yet.

[peeker01]

thanks r11. i worked in the garden for a while and i feel a bit better.

[vision-master]

$this->bbcode_second_pass_quote('peeker01', 'f')or five years i have prepped and saved. just bought a bunch of gold. now oil is dropping
like a rock, silver is in the tank. will i see collapse in my lifetime.

[ian807]

Every day collapse doesn't happen, I breathe a little sigh of relief, followed by a silent "Thank You." I then walk to the store, appreciate the everyday miracle of plenty therein, perhaps withdraw a few dollars from an ATM (speaking of miracles) and spend a few dollars on luxuries like fresh fruits and vegetables out of season, spices or even a book.

Thus I assuage my dissapointment. I'd like to continue this for the next 34 years or so.

[eXpat]

$this->bbcode_second_pass_quote('AgentR11', '
')In a more general sense, you shouldn't look forward to "collapse". Be thankful it hasn't come yet. There is absolutely no chance that you will be more comfortable and secure after collapse, than before. Its not a benign reset. If anything, it'll be a magnitude 10 entrenchment. That point in time will almost certainly lock in the course of the rest of your life, and likely the lives of several generations afterwards. If you think the rich and powerful get their way now... you've not seen anything yet.

[dorlomin]

I dont buy the 'collapse' that many do. I have always thought the most likely scenario is going into what the UK was like in the 70s. Those who have the money to prep properly but are realistic about the variability of potential outcomes will find self sufficiency a blessing.

Powercuts, huge unemployment, short working weeks, stumbling between economic crisis to crisis, swinging between far left and hard right as politicians run out of ideas and bell bottoms.


Bell bottoms and big sideburns.

The horror........

[Bill Hicks]

It's a slow crash, peeker, and will probably take another decade or two to play out. Along the way, it is going to claim many millions of people one at a time, starting with the least prepared first. You've put yourself in a position to at least not be one of them.

I actually blogged about the slow crash vs. fast crash issue just today. Check it out if you're interested:

http://billhicksisdead.blogspot.com/201 ... n-how.html

[the48thronin]

$this->bbcode_second_pass_quote('dorlomin', 'I') dont buy the 'collapse' that many do. I have always thought the most likely scenario is going into what the UK was like in the 70s. Those who have the money to prep properly but are realistic about the variability of potential outcomes will find self sufficiency a blessing.

Powercuts, huge unemployment, short working weeks, stumbling between economic crisis to crisis, swinging between far left and hard right as politicians run out of ideas and bell bottoms.


Bell bottoms and big sideburns.

The horror........

[Oakley]

Collapse is a process of fits and starts, punctuated with periods of stability and even recovery. It does not happen in a flash, but over a long period of time. Of course there will be some significant way points like failure of significant systems like the electric grid, water systems, sewerage systems, and food production and distribution systems.

Disappointed seems to me a strange way to look at the failure for sudden collapse to have arrived. After all, millions of people will die early deaths.

As far as your disappointment about gold and silver not reaching new heights, it looks to me like the price of silver spiked and is well on its way down to below $10 over the next two years. Gold may hold up a little better, but will likely head south also. Many people got caught up in the mania, so you are not alone, but there are those of us who placed our bets back in 2001 on the long side of the precious metals markets and exited in April, 2011 at or near the top, and are now making money on the short side. These markets are not for amateurs, many of whom bought in the frenzy of the spike. My advice is to take your losses now rather than ride the wave down, hoping against hope.

[peeker01]

i am thinking about selling the gold and buying more beans and rice. what do you think.

[TreeFarmer]

I would think that a little, and I do mean little, gold/silver would be all that you woud buy at first. There are a ton of other things that I'd want to have prepared other than having gold/silver. If anything I'd only put 10% of my prep money in gold/silver until I had paid for land I can live on and grow food along with lots of hand tools/seeds and maybe some solar panels and a windmill depending on location.

TF

[basil_hayden]

Removing expectations eliminated dissapointments.

[Novus]

$this->bbcode_second_pass_quote('peeker01', 'f')or five years i have prepped and saved. just bought a bunch of gold. now oil is dropping
like a rock, silver is in the tank. will i see collapse in my lifetime.

[John_A]

$this->bbcode_second_pass_quote('Oakley', '
')Disappointed seems to me a strange way to look at the failure for sudden collapse to have arrived. After all, millions of people will die early deaths.

[GoIllini]

$this->bbcode_second_pass_quote('dorlomin', 'I') dont buy the 'collapse' that many do. I have always thought the most likely scenario is going into what the UK was like in the 70s. Those who have the money to prep properly but are realistic about the variability of potential outcomes will find self sufficiency a blessing.

Powercuts, huge unemployment, short working weeks, stumbling between economic crisis to crisis, swinging between far left and hard right as politicians run out of ideas and bell bottoms.


Bell bottoms and big sideburns.

The horror........

[vision-master]

$this->bbcode_second_pass_quote('', 'R')emoving expectations eliminated dissapointments.

[Bill Hicks]

"The only difference between disappointment and depression is your level of commitment."

- Marc Maron