Silver Bullet + Silver Shield, buy silver before dooms day?

Just curious if anyone else has tuned into this guy's information and what you think about it? It's a bit much but he does have alot of good points. I'm sure there's alot of silver stockpilers already in fact I was gonna go ahead and sell some junk silver but I watched the first little bit of the video and I decided I would hang onto the junk and sell some of the better IRA silver and buy more junk. Yeah, from here on out I will try to focus on nothing but silver, mostly pre-65 junk. What about you, do you collect silver?

http://thegreatesttruthnevertold.com/silver-bullet-silver-shield/

 

Log in or Sign up to hide this ad.

don't shoot me, but...
(warning: seemingly sensless idea here!)


why could the government not change the coin composition every 10 years for the nex 90 years. every 10 years, add 10% to the previous composition. This would reduce inflation, and if you changed the wording on a dollar bill, it could say $1 in US coin. Then we would not live in fiat-ville. Or am I an idiot, or maybe just a dreamer?

 

My guess is in 1965 they could have reduced the silver content from 90% down to 80% and continued with a similar or adjusted formula every so many years. Maybe the reason they didn't is because we are closer to the doom and gloom the video speaks of, you know the fiat ponzi scheme?. I don't know, I buy and try to keep as much silver around as possible but that's not because of the doom and gloom theory or the video. If money is gonna end I would think we have a long time till then but I could be wrong. I don't know anything about this doom and gloom stuff, in fact this is the first time I've ever watched this video. Dang thing was long and I only got to the 4 lies the government uses. The guy who made the video was reading what he was saying that's the only part I didn't really appreciate. Usually when someone is passionate about what they believe in it flows through them and they speak freely about it. The fact that he was reading from notes steers me away. Let somebody else leave their name and email address.

 

Reducing to 80%, or 50%, would just prolong the agony when silver kept climbing. Look at Mexico's history of trying to keep silver in coins and the damage coin shortages have done to that country as a result.

Most of the world does not want PM in coins, they want stable access to coins to serve as mediums of exchange.

If someone wishes to live on a gold or silver standard, feel free. Convert your USD as soon as you get them to PM. Always remember, all of your assets are not at risk to the "fiat ponzi scheme", only cash. If a currency fails, your house will not become worthless, nor your car, or other assets you own. Just your bank account. If that part worries you, feel free to live in your own gold or silver standard.

That is the nice part about currency, you can buy whatever you want with it.

 

Or they could play the paper pm game with the likes of MFG or PMG, you know, the guys that are certain to never comingle customer funds with their own, and if they do the CFTC will surely be there to save your assets...or not...

 

That's a great point. I've noticed over the years that the wealthy tend to own business assets, real estate, stocks, timber, artwork, etc... Middle class and lower tend to keep most of their investment assets in cash [except for the house they live in]. While nobody can completely shelter their lives from a currency collapse, a lot of wealth can be preserved by not owning cash, savings accounts and bonds.

 

That is because there is nowhere else to put the cash. It is the same reason why other countries buy foreign debt.

 

I couldn't watch after the guy mentioned The Tea Party and The Occupy Movement. No way can i take seriously someone who takes either seriously.

 

It came out this week that so far this year, China has bought 350 tons of gold and imported it into the country.

 

I listend to some, and his "real prices" sound good, but the eighty's high was an artificial scarcity(hunt brothers), so if you forget that, it was like 2-3 dollars. ten times more bills in his theory means ten times more expencive, so that means he is predicting that where silver is now is the "the real price of silver"

 

I have long been a fan of Chris Duane and the SBSS series. I was disappointed to hear he is discontinuing his series, but the wealth of information is there on YouTube and his website http://dont-tread-on.me and I highly recommend it.

The USD is not like other currency. Global commerce is dependent upon it as the world reserve currency. A failure would have far reaching impacts beyond the currency itself. Not only due to commerce roadblocks, but it would also mean a default on US debt which would cause a cascading default effect throughout the banks, just as the with the concern of contagion with a Greece default. I agree that other hard assets will be fine, but anything in cyberspace will be suspect, and if it's printed on a piece of paper it's worth the paper it's printed on.

 

But my point was people think all of their assets are at risk if the dollar deflates. This is not true, only cash. If someone wants to be on a "gold standard" they can be, they simply buy gold with any cash they have, and convert spare cash to gold and vice versa as the situation warrants.

No need for everyone to WISH the US was on a gold standard, they can do it personally.

It just seems many PM sites try to scare the bejeebers out of everyone, that they will lose everything of value if the USD goes down, except for their PM.

 

Mexico may be forgiven for trying longer to continue with silver in their coinage, I think it was after Maximillian was executed that an attempt was made to use base metals in the coinage and there were riots because of it.

Plus Mexico does have some very active producing silver mines. I believe there was another short lived attempt to add silver when the inflation coinage had three zeroes dropped off the currency.

 

People don't think this. How many people would be upset if all of a sudden their $ were to buy more, not less? I'm thinking,... None.

The problem with deflation is that it causes a reversal in fractional reserve banking (it works both ways) and if that were to go on with no interventions, then the finance industry will see a huge contraction (banks closing, bankster bonuses disappering, etc. ) This is why it's not allowed to happen. This is why we have 0% interest rates.

It's one of the follies of fiat monetary systems. They have to be constantly expanded or they stop working.

 

This isn't entirely true. It's about 62% these days and a number of trading blocks have been established in the last few years to circumvent the $. Most notably one has been established between Russia and China. Another one involves Central and South American countries.

The primary advantage of the USD is that in order to buy oil, a country must deal in $s. (or the US military gets involved)

 

Well, the original question was what do you think about this guys info. To put it bluntly, the guy is a loon. At one point, he stated you should sell ALL of your assets and just buy silver. That is just plain stupid, amateur hour advise. All eggs in one basket, c'mon.

So, with such ridiculous advise, I would find anything else said to be suspect at the very least.

Mike

 

I also think this guy might be a little off his rocker. Everyone ( except this guy) knows that putting all your money into one investment is about as dumb as Paris Hilton. Sure, you could make a hefty profit, but what happens when PMs go south...?

"Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of it's own" -Jesus

I'll take that advice instead, I think he has a little more credibility.

 

You're absolutely right. I'm sure nobody takes everything he says as the gospel truth, after all the guy is a salesman. I'm certain that this one video alone got a ton of people to invest in silver. It's a bit on the nutty side but I guess you could say, nutty sells. After all there are a ton of survivalist, militia men, theorists and other gunners who really subscribe to these sales tactics.

 

So that's the key to happiness! Buying silver.

 

I would encourage everyone to watch the SBSS series and make their own decisions about the information instead of listening to others who have perspectives based on one or two of Chris Duane's opinions that do not impact the the ocean of info he has provided one way or the other. Obviously TPTB do not want you to buy silver and threaten their sphere of influence with fiat currency. It is certainly in their interests to steer folks away from this series.