What is your take on future metals confiscation?

There are much talks about currency going ack to gold standard, and for this to be efficient, "Govts" have to be the only body that owns gold and silver.

I foresee future import from overseas will be challenging.

I have been researching Silver and Gold prices with another guru of mine who has been in technical analysis for 20 years.

Without a doubt, Silver price is undervalued. Having that said, even if silver is being adjusted to it's true value, they may introduce a new world currency which has been a hot topic among the banksters and international mafia federation, I mean the IMF.

I agree with Mike Maloney to measure your G&S with another commodity. For instance, 500 years ago it cost 1 dinar to buy a goat (4.25 gram gold). 2 weeks ago, I paid the same amount of value measured against paper money to purchase a roast lamb!

Also look at the research done by James Turk where he measured gold vs all the major currencies and also oil at base 100, same amount of gold still buy same barrel of oil.

My opinion on when to sell your silver, is depending on individual goals. There is no perfect answer. Personally, I have enough monthly cashflow coming in, all of my savings are converted in to G&S at ratio of 1:9, ie 10% gold, 90% silver. When do I plan to sell, never, unless emergency.

As for those who wish to make some "profit", I would suggest considering the derivative of G&S where you can long / short. The psychology of paper trading and physical G&S is different.

Understand the real purpose of G&S ownership. I dont really encourage using the word "investment". Reason being when you sell your G&S, valuing against fiat currencies may look like you have profited, but what is the same is your purchasing power. Cost of goods may have gone up. Hence most gurus out there always emphasize preservation of wealth. What you are really doing, is putting money, back into the "REAL" money.

When it comes to the type of bullion I purchase, I am buying as much variety as possible, especially Dinar and Dirham. Due to the fact that it has religious value, those banksters may have challenges to confiscate these should Gold Standard really returns.

my 2 cents.

Currency war? I couldn't care less. Cos they are manipulated by the same group of cartel anyway. The secret is 1.618. Perfect manipulation on currencies, commodities and other equities. Forget about supply and demand.

Since they have the ability to control one of the world biggest business ie currencies, without a doubt, they also control mainstream medias- musics, newspapers, tv, magazines, etc, and maybe..war.

My suggestion is to treat every dip as an opportunity / discounts from these cartel to buy as much as possible for yourself. Only sell during emergency. Cash ain't king, cashflow is. Improve financial intelligence to have better cashflow, and hence to be able to purchase G&S consistently.

Having that said, owning G&S isn't the perfect solution. There are so many uncertainties because we are living in the most critical turning point of human history. Never there was a time where the whole world currencies are back by one currency money (USD) in human history. We have zero perfect reference. But, past history will prepare us better than those 90% herd who just want to make a quick bucks.

I am all in for preparation, there is nothing to speculate. "They" control everything. WE are just the tiny dust.

As far as silver standing is concerned, the potential is definitely there. I need not further illustrate. Keeping smaller denomination is definitely my preference.

I have a habit of doing a "self check" once a while to make sure psychologically I am alright when come to G&S ownership. Ask the question, WHAT IF, one day, the SPOT PRICE of G&S drop to ZERO, do you think you have lost all your "money"?

cheers.

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Added on December 30, 2011, 12:49 amI got myself a folding bike, AWD, learning how to grow my own food, some weapons, and staying with a community who really understand what is coming.

Solo preparation = no preparation.

*winks

This post has been edited by ccdin1: Dec 30 2011, 12:49 AM