Scrappers control the Currency of the future! Hold your Copper, Silver, GOLD FINGERS

China has put clamp on the buying due to over production.
This was on purpose. This is their MOMENT TO BUY!

Soon, prices will skyrocet, and you will sell again! (DONT)

I fear our DOLLAR WILL FAIL in the next two months.(NOW)

I've lost faith in our GOV.

Were going to have QE3, crazy INFLATION, and another wave of FORECLOSURES

ITS TOAST> HOUSE OF CARDS COMING DOWN>

OPTIONS? Deal in real money ie gold silver and other precious metals.

ITS ALL CHINA WILL ACCEPT TO PAY OUR DEBT CAUSE OUR DOLLAR IS WORTH SH*T AFTER THE THIRD ROUND OF PRINTING OUT OF THIN AIR!

HENCE, THE GOV WILL DEMAND ALL YOUR GOLD AND SILVER!

AHAHAHAHHAAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHHA

AT LEAST WERE ALL IN THE COMMODITIES MARKET AND CAN COME BY THESE METALS EASIER. USE THIS TO YOUR ADVANTAGE AND SURVIVE THE UPCOMING CRASH!

tcgs while i do not beleive that your entire post is correct i do see where holding is a somewhat smart move but for different reasons

Originally Posted by Libertytow

smart move but for different reasons

Please elaborate. Id like to see as many angles as I can, being closed minded only holds me back.

A failed dollar means either

Metal Money or BITCOIN or ?????

Originally Posted by Tcgs

A failed dollar means either

Metal Money or BITCOIN or ?????

Ammo, food, and gas. Barter system. Gold and silver wont have a value either untill the system reboots. If USA dollar goes the way of weimar republic the rest of the world will follow.

Sorry PTS, I have a little ammo, and yes it will be worth its weight in gold.
I do have some fuel sources, and it will be worth its weight in water.
I can help do chores for room and board in a farm.
But My gold and Silver will pay for my extra ammo, fuel and water sources

Your also saying that there will be no real jobs, How can I go to work for Motorola and get paid in ammo food or gas.

There are solutions to keeping our way of life, our capitalistic society, where dreamers dreams can come true.

What would it take to get gold and silver to replace everyones paper money?


First the GOV needs these metals to distribute and collect against your now worthless cash.

BITCOIN is just like a dollar. Its mostly a number in a bank account with some physical paper or coin money. ITs just a rebranding of our failed dollar. Something we can print out of thin air again when we need a boost in our economy.

Gold and silver are finite, which means that there is only so much wealth to go along, and when the rich have it all there is no way for the poor to aspire.? I hope i am wrong there.

for the conspiracy theorists let me elaborate holding in a down amarket is usually a good move the dollar has fallen as far as 3rd wave of foreclosures what NEEDs to happen in this country is for house /home prices to come down to the least common denominator in the 40"s you could buy a house for $5600 in the 50's 7k in the 70"s $20k today in my area the median home price is $200k yet we have one of the highest unemployment rates and only a median salary average of $36k accross the sate in a state where somerset county holds th e highest capita of millionaires in the country WTF

home prices have top come down to make it affordable for people to move out and into a home

Fact homeownership creates jobs
Fact average person moves 7 times in their lifetime
Fact as home prices increased and Wages decreaded the middle class line was desimated

there asre more home in refinance right now than new mortgages

there are more college grads working in walmart than the government

us has invested money in mortgage backed liar loans so when the mortgage market tanked so did the loans

if we had our youth excited to buy starter homes that were affordable that would get $$$ flowing back into a already stagnant realestate system thus moving the economy forward

I disagree a bit. (ps i am a homeowner and 30 years old, bought in 08 just b4 the crash.)(licensed RE Agent)
(our housing market is the house of CARDS)

It the lending that is getting us in trouble. New Home Buyers Use FHA %90 of the time. Hence Freddy and Fannie are so In debt.

people are putting $2000 down on a house worth 60 k. This saving of 2k does not make a buyer qualified for such a commitment.

We built this country on DEBT
Now the DEBT is coming back for the rest of it.

More home buyers means more DEBT

Less Home Buyers means more UNEMPLOYMENT

then so be it. Go create your own job. I did.



Asking people to keep buying homes is like saying lets keep this tilt a whirl of death spinning.


like I said, preparing for another crash.

lets assume your right for a second that scrappers controll the currency holding doesn"t make it worth more any open mine producing puts you right back out of the running

the problem with commodities is they are based on limited supply if i am hodling and you are selling my commoditie becomes less valued

Originally Posted by ScrapmanIndustries

Buy a home? Not unless prices fall drastically. Or unless employers feel like actually paying us more. Once the oil fields went under i couldn't even afford to live in some crappy rv I had parked in some crappy rv park. Most of the jobs I was able to get were only around $10 an hour even after having spent 3 years in the Army. Meanwhile we would have meetings in the beginning of the day where the boss would tell us the numbers game. While the company was claiming record profits in the millions, their production force was making $8-$10 an hour no matter how much work we did. And they were still trying to find ways to not pay us as much.

Unsolicited old guy advise. Managing your money, Go on line and find Dave Ramsey's web site. If you follow his advise you will love yourself for it, so will your family.

Ready yourself for the job market. Find a job you can see yourself doing that you will make a good living at and get yourself qualified.

Not all good paying jobs require a college education. My friend is a front load garbage truck driver and gets paid in the 70k area. Like most jobs its hard work and takes lots of practice to get good at it. The really big negative is you have to go to work at O Dark Thirty.

Locally we have a community college that has some great training in HVac and facilities maintenance and the costs are covered by the Pell Grant program. The lowest medical lab tech should get paid more than you are talking about it.

We live in a Capitalist economic system, thank god and the founders, which allows you and I freedoms that others don't have. I can buy my goods and services from whom ever I want. I can take my labor and work for who ever I want.

You will find that as the economy gets better wages go up, why because qualified employees are valuable. If there are less jobs then the pay is lower and benefits are less.

I'll say one other thing that I have advised to my own grown children(they ignored me): Consider Tx, Tn or some other growth state. For some this is scary to do the big move but for me its always been just another challenge.

Never rely on others to make your life better. Enough with the sermon. 73 Mike

Like the article, thanks for sharing!

in theory yes in practice no

we got in trouble by lending to the wrong people

we put people in houses we KNEW they couldn"t afford

we built mc mansions and wondered why they were vaccant

we demolished starter home to build them then wonder why nobody can afford a home

95% of this country lives way above their means the ones living in them aren"T jumnping to go buy a home because the prices don"t make sence

i am 29 so you and i are the same age how many of your freinds are still living at home are underemployed or employed at all

answer those and see wherre is goes thee system worked for 60 years than we lent to the wrong people and backed it with illusion $$$ we took away the illusion $$$ but the houses are no vaccant with no buyers in site

people only get older not younger there is a transition aas we get older from starter home to bigger home adda a kid or 2 better job little bigger home then retire kids move out we downsize each transition follows

what we have done is not moved the starter homes at a time when babyboomers want to retire there is a gap in the market becuase of pricing at both ends

stock market bombed in the last 2 hours of trading friday, dropped 200+ points, maybe a sign of things to come, government is losing more control everyday, where metals will end up its hard to tell, i am assuming they will run the presses to prop up the companies as the fallout happens, pushing up metals prices, the problem is that running the presses will push up all commodities like oil and that will hurt everyone even more

people will pull out of stocks and move into metals as the market falls

I don't always believe posts purporting foresight into the macroeconomic future of our nation, but when I do, they're not posts rife with misspellings & grammatical errors.

Look, I've said it time and time and time again: no-one, and I mean NO-ONE knows what tomorrow will bring. There are more likely scenarios and there are less likely scenarios, but NO scenario is a foregone conclusion. If you'd told me 4 years ago that the Dow would be over 15000 right now I would have laughed in your face. If you'd told me that market returns in Bamajelly's first term would rival those of Clinton's administrations I would have looked into having you committed. Yet both happened, however unlikely they were. The market could crash tomorrow, and we could be on the cusp of a global fiscal meltdown the likes of which has never been seen..... or four years from now we could be posting, "If you'd told me four years ago that the Dow was going to be 23000 right now, I'd have laughed in your face."

Originally Posted by auminer

I don't always believe posts purporting foresight into the macroeconomic future of our nation, but when I do, they're not posts rife with misspellings & grammatical errors.

Look, I've said it time and time and time again: no-one, and I mean NO-ONE knows what tomorrow will bring. There are more likely scenarios and there are less likely scenarios, but NO scenario is a foregone conclusion. If you'd told me 4 years ago that the Dow would be over 15000 right now I would have laughed in your face. If you'd told me that market returns in Bamajelly's first term would rival those of Clinton's administrations I would have looked into having you committed. Yet both happened, however unlikely they were. The market could crash tomorrow, and we could be on the cusp of a global fiscal meltdown the likes of which has never been seen..... or four years from now we could be posting, "If you'd told me four years ago that the Dow was going to be 23000 right now, I'd have laughed in your face."

I was off by a couple of thousand... but as I recall, I was being facetiously optimistic in that post.

It is possible to see into the future. Its called foresight.
Misspelling happens when we're trying to use the touchscreen telephones to type an email or post.
Rather be the guy ready to change that the guy who has to change expectedly.
You disagree with my prediction that is fine. Don't go telling people their wrong when you don't know what is right.
Last month someone posted that their yard manager said they're going to lose $20 it on and it happened. Commodities are little bit different than stocks to tell whether going to go because there are actual tells to show us.
Macroeconomics is great you should take the class. Its not a guessing game or roulette game there actual indicators that will tell us what the market will do.

Maybe the Govt should have let a few banks fail the first time around and not bailed them out. Maybe someone would have learned a lesson. That was OUR money that was used and what did we get for it? More poor lending practices, more debt, more BS !! Start learning Chinese everyone because when they call in the markers what do you think is going to happen?