Canary in the Coal Mine (Economy / off-topic)

Paul H

Paul H

Well-known member
Canaries were iconically used in coal mines to detect the presence of carbon monoxide. The bird's rapid breathing rate, small size, and high metabolism, compared to the miners, led birds in dangerous mines to succumb before the miners, thereby giving the miners time to take action.

This week the world economy definitely broke. Investors started to panic and gold is on a roller coaster at the moment.
When gold goes up by a lot that means that something RLY RLY BAD is coming our way.
Inflation is going crazy and it will most probably end into hyperinflation soon. This means that at some point you will probably have to pay a 100 dollars for a loaf of bread at the grocery store or a 1000 bucks to fill up your cars gas tank.
Over the millenia gold has always shown to be a great inflation hedge. When the price of gold goes up, other prices go up as well.
Up till last week the gold price was constantly being artificially controlled and kept low by the banksters, COMEX and the FED. Those price corrections stopped recently, meaning that the price of gold and silver got out of control and is rising incredibly fast. Soon this will translate into unaffordable food prices, energy prices and pretty much everything else too. If you have the means and got some spare cash its still not too late to buy some physical gold or silver for when prices and products are starting to become completely unaffordable. And yes, Jesus said: nobody will be able to buy or sell at some point... but he didnt say anything about bartering. PMs can also be used for barter, unlike BTC or credit cards and bank balance. Just a thought.

If you got bitcoin or crypto my only advice is: Make sure that you're not holding the bag when the "music" stops playing. Crypto is a trojan horse made by government/ deep state to distract people from precious metals, while the central banks are buying up the gold. The rank and file who went for BTC will eventually be fooled into a central bank digital currency once they outlawed crypto. Unless you wanna believe in the fairy tale of the mysterious Satoshi Nakamoto, go be my guest...hodl your BTC and lets see what happens next.

GODL! Precious Metal Soars Above $2,400 After Sudden Gap Higher | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

Gold prices per Troy Ounce in US dollars over the last 12 months:
Capture.JPG

When all else fails, they will take you to WAR!
 
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Watchman

Watchman

Moderator
Staff member
My advice is not to hold more than a few ounces of gold. I have no doubt that when it all crashes, buying and selling gold will become illegal. The only way to use it then will be on the black market at the risk of having it confiscated and yourself imprisoned.
 
Carl

Carl

Well-known member
Paul H said:
Canaries were iconically used in coal mines to detect the presence of carbon monoxide. The bird's rapid breathing rate, small size, and high metabolism, compared to the miners, led birds in dangerous mines to succumb before the miners, thereby giving the miners time to take action.

This week the world economy definitely broke. Investors started to panic and gold is on a roller coaster at the moment.
When gold goes up by a lot that means that something RLY RLY BAD is coming our way.
Inflation is going crazy and it will most probably end into hyperinflation soon. This means that at some point you will probably have to pay a 100 dollars for a loaf of bread at the grocery store or a 1000 bucks to fill up your cars gas tank.
Over the millenia gold has always shown to be a great inflation hedge. When the price of gold goes up, other prices go up as well.
Up till last week the gold price was constantly being artificially controlled and kept low by the banksters, COMEX and the FED. Those price corrections stopped recently, meaning that the price of gold and silver got out of control and is rising incredibly fast. Soon this will translate into unaffordable food prices, energy prices and pretty much everything else too. If you have the means and got some spare cash its still not too late to buy some physical gold or silver for when prices and products are starting to become completely unaffordable. And yes, Jesus said: nobody will be able to buy or sell at some point... but he didnt say anything about bartering. PMs can also be used for barter, unlike BTC or credit cards and bank balance. Just a thought.

If you got bitcoin or crypto my only advice is: Make sure that you're not holding the bag when the "music" stops playing. Crypto is a trojan horse made by government/ deep state to distract people from precious metals, while the central banks are buying up the gold. The rank and file who went for BTC will eventually be fooled into a central bank digital currency once they outlawed crypto. Unless you wanna believe in the fairy tale of the mysterious Satoshi Nakamoto, go be my guest...hodl your BTC and lets see what happens next.

GODL! Precious Metal Soars Above $2,400 After Sudden Gap Higher | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

Gold prices per Troy Ounce in US dollars over the last 12 months:
View attachment 6207

When all else fails, they will take you to WAR!
Click to expand...
Something's definitely different about this rally. I made some money in Bitcoin, even though I believe it was designed to be a sponge for excess liquidity... as well as a means to finance black-ops and black markets. Gold & silver will be useful up to the point they're outlawed or confiscated. I have no misconceptions that gold, silver, crypto, preps or anything material will save me from what's coming... only faith will get us through.
 
Paul H

Paul H

Well-known member
Watchman said:
I doubt if most people have gold jewelry that amounts to even an ounce.
Click to expand...
If there is widespread hunger and I want to barter for a bag of potatoes, I would rather want to show up at a local farmer with an ounce of gold or silver and not with a crypto flash drive or a bank card. In every war in history there was also a bartering component involved. I don't see why WW3 would be any different.
 
Carl

Carl

Well-known member
Watchman said:
I doubt if most people have gold jewelry that amounts to even an ounce.
Click to expand...
gettyimages-140939099.jpg

I pity the fool who doesn't own gold!
 
Watchman

Watchman

Moderator
Staff member
Paul H said:
If there is widespread hunger and I want to barter for a bag of potatoes, I would rather want to show up at a local farmer with an ounce of gold or silver and not with a crypto flash drive or a bank card. In every war in history there was also a bartering component involved. I don't see why WW3 would be any different.
Click to expand...
An ounce of gold for a sack of tatters doesn't sound like a very good trade. I guess if you were hungry enough though. Maybe that is what that scripture means when it says they will throw their gold into the streets. :unsure:
 
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