American Economic Collapse! - Stansberry Investment Research Video

[WTC7WasPulled]

I always find it amusing when people say that gold and silver have "intrinsic value". Really? :dunno: Being that gold is priced in U.S. $, you are exactly right. What is an ounce of gold worth? Maybe a canteen of water to go along with that snickerdoodle?

This vid is from an episode of Twilight Zone, titled The Rip Van Winkle Caper, that one of my Econ professors showed in class about 25 years ago. IMO, it's just as relevant today. Yeah, what's that bar of gold really worth?!



Anyway, I'm not worried. I've got all my money in tulips. That's the next big thing. Mark my words!!!

Historically gold and silver store your wealth. Example a one ounce gold coin in 1910 would buy you a really nice suit. In 2010 a one ounce gold coin will buy you a really nice suit. It don't change.

 

[Rey C.]

Historically gold and silver store your wealth. Example a one ounce gold coin in 1910 would buy you a really nice suit. In 2010 a one ounce gold coin will buy you a really nice suit. It don't change.

I understand what you're trying to say. But what I'm saying is that neither gold nor silver has a true intrinsic value... as some who are predicting this coming apocalypse like to claim. In economics, an item or commodity begins to have an "intrinsic value" as it approaches a point of inelastic demand. In other words, you can live without gold or silver, but you cannot live without water, for instance. So the demand for water is rather inelastic... whatever its cost, you still have to have it in order to live. But the demand for gold is quite elastic. And that demand is what establishes (perceived) value.

Yes, historically gold has been a store of wealth in many civilizations. That was true in ancient Rome and it's (somewhat) true now. But just as in Roman times, once governmental, social and financial systems totally disintegrate, you'd be dealing with something akin to anarchy. And so if this financial apocalypse is as bad as some are saying, the concept of "wealth" will be completely turned on its head. So as was suggested earlier, in that situation, a man with guns, land, water and food is "rich". While a man with a bar of gold... is just a man with a bar of gold.

Remember that for much of man's history on this planet, the economic and trading systems were based on barter, not the exchange of currency, whether it be gold or salt based. I would have no interest in your gold bar. But if you've got a cute girl in your wandering group, leave her here for a week and I'll give you 2 deer and 50 gallons of water from my spring. Try to take 3 deer or 51 gallons of water and that's when the AK-47 comes into play.

IMO, a bubble is developing in the gold market right now (similar to so many other bubbles that bond, equity, comex and forex markets have experienced over the centuries). I understand your argument, but that doesn't change my belief that without this doom & gloom event actually happening, the widows & orphans jumping on this bandwagon will be in for a hard fall sooner than later.

Tell ya what though, if the girl is cute and she can cook, I'll give you the 3 deer. Who says I'm not a fair man? :hatsoff:

 

[ThatRedWing]

OK, I have whipped cream. I have some angel food cake. I even made some simple syrup. I now just have one problem. Where are the strawberries that I was promised?

 

[~~whimsy~~]

Fuck gold and silver! It is going to be all about the bottle caps and purified water, bitches!

I'm going to work on mentats, buffout, jet, rad-x, and first aid kits. And of course alcohol.

Gold and silver. Ha!

You have to play the future documentary Fallout 3 to know how to survive.

 

[PlasmaTwa2]

OK, I have whipped cream. I have some angel food cake. I even made some simple syrup. I now just have one problem. Where are the strawberries that I was promised?

Apparently the government has run out of strawberries. You need to go to the bank and get blueberries before they run out.

 

[Master Roshi]

I understand what you're trying to say. But what I'm saying is that neither gold nor silver has a true intrinsic value... as some who are predicting this coming apocalypse like to claim. In economics, an item or commodity begins to have an "intrinsic value" as it approaches a point of inelastic demand. In other words, you can live without gold or silver, but you cannot live without water, for instance. So the demand for water is rather inelastic... whatever its cost, you still have to have it in order to live. But the demand for gold is quite elastic. And that demand is what establishes (perceived) value.

Yes, historically gold has been a store of wealth in many civilizations. That was true in ancient Rome and it's (somewhat) true now. But just as in Roman times, once governmental, social and financial systems totally disintegrate, you'd be dealing with something akin to anarchy. And so if this financial apocalypse is as bad as some are saying, the concept of "wealth" will be completely turned on its head. So as was suggested earlier, in that situation, a man with guns, land, water and food is "rich". While a man with a bar of gold... is just a man with a bar of gold.

Remember that for much of man's history on this planet, the economic and trading systems were based on barter, not the exchange of currency, whether it be gold or salt based. I would have no interest in your gold bar. But if you've got a cute girl in your wandering group, leave her here for a week and I'll give you 2 deer and 50 gallons of water from my spring. Try to take 3 deer or 51 gallons of water and that's when the AK-47 comes into play.

IMO, a bubble is developing in the gold market right now (similar to so many other bubbles that bond, equity, comex and forex markets have experienced over the centuries). I understand your argument, but that doesn't change my belief that without this doom & gloom event actually happening, the widows & orphans jumping on this bandwagon will be in for a hard fall sooner than later.

Tell ya what though, if the girl is cute and she can cook, I'll give you the 3 deer. Who says I'm not a fair man? :hatsoff:

excellent points, farmland will be the most precious commodity in the near future followed by energy aka gas and oil then sound money which is gold and silver and yes the bubble for precious metals will bust eventually but that doesn't mean you can't make a good profit off of many americans ignorance and misinformation which is what the elite are doing right now

 

[WTC7WasPulled]

Someone finally put the Stansberry research video presentation on YouTube, the full video. Here it is.