Economic collapse preparation

This is the type of video that people put out to pump up precious metal...when you see a video like this...do the opposite!  You've been warned!

Pros: 1. You can hold the physical metal in your hand. 2. It will never go to zero. Cons: 1. Liquidity, unlike the paper market that you can just click a button to sell, with physical metal you will have to find a buyer.  Depending on how desperate you want to sell, typically the quickest way is to sell to coin shops.  Problem with selling to coin shops is they typically offer you below the spot price and if you are lucky you might get the spot.  The alternative will take much longer, example , if you sell to APMEX there's a lengthy process you have to go through before you get your check or your funds deposited to your account.

As I am positing this , the price of precious metal is on a hike. Gold $1,264.10  $1,266.10 $34.60  Silver $15.95  $16.05 $0.79  Platinum $975.50  $985.50 $26.80  Palladium $591.00  $596.00 $17.50 Are precious metal really going up in price? I doubt it. One thing I've noticed about metal prices or stock market for that matter, it has the tendency to move upwards nearing end of the week.  Why is this happening?  My theory on this is they are trying to cause false optimism so when the market closes on Friday will leave bunch of sheeples wanting to invest.  And typically what follows on Monday is a crash or clean house, they do this repeatedly and once in a while they will pull a reversal just to confuse you. So Ladies and Gentlemen, key points to take away here: 1. Market is rigged (I am sure you know this already if you are following this blog) 2. physical /paper market is no different, with the exception that by owning physical i...

As the title said "worry about your own economy!"  What do I mean by that you might wonder?  Well, I am referring to the mass distraction of mainstream and alternative media focusing on economic collapse.  Most people that follows too closely to either sources tends to forget about themselves, they buy into the fear mongering of media. How can this be harmful? Well, for example, lets pretend someone just found out that the stock market is going collapse and hearing that there will be heavy loss of jobs all over.  Typically what happens in this situation is: 1. The person will freak out and be sucked into the media on daily basis and lose focus. 2. Start buying survival gears and long term storage foods that taste like vomit. 3. Start buying guns. 4. Start buying silver/gold. Now,  I am not saying that it's bad to have or do any of those things list above but there are people out there that would go overboard with this stuff.  You have to learn to q...

Here's a list I've compiled about potential con-man that you might see on youtube: 1) Jsnip4 aka Joe 2) Max Keiser at keiser report. 3) Alex Jones 4) sgtbull07 These are some of the ones I can think of at the moment, I will add more to the list as I remember or find more.   These people on the list will preach end of the world till end of the world so beware of what you watch/hear.  These people all follow the same format, they will preach doom and gloom and then somehow sneak items to buy in the video, (never fails) One thing I've learned in life is : "nothing is free" These people aren't there to help you, they are there to sell you a product. To prevent scams, you always need to ask "one" fundamental question.  What is this person's motive? By asking this question will usually lead to your answer and will help you filter out "real" or "fake" Another way to tell is to check their...

There's been a lot of hypes about bitcoins lately and personally I don't think it's for me and I will explain why. The first time I heard about bitcoin, it was intriguing but the first thing that popped in my mind was : 1) How can anything digital be worth anything at all? 2) Why would merchants or anybody take bitcoins as payments when the prices is so volatile? (It can go from $200 to $50, so if you sold something on ebay this morning by accepting bitcoins by night time that same bitcoin can be worth one third as much??) 3) Security.  Although bitcoin claims to be very secure by its encryption method but after all it is digital.  One thing I've learned as a IT person of many years that is : "nothing digital is ever secure!" Some examples would be : a. file corruption b. device failure (what if your computer were to crash or the backup device get stolen or destroyed?) c. worse case, if we get hit by electromagnetic pulse?(this is unlikely but I though...

There's been flocks of "alternative" media followers on youtube selling doom and gloom to mislead the herd for personal gain.   A youtuber called himself "jsnip4" is at such.  Jsnip4 has been on youtube preaching economic collapse and to survive it you must put all your money on silver bullion or you won't survive the collapse.  This I believe con-man Jsnip4 aka "Joe" has been misleading people solely for personal gains from affiliates program from jmbullion and adsense.  Jsnip4 is very methodical about how he approaches his subscribers to do what he wants them to do.  Jsnip4's strategy has always been selling you the doom blah blah blah in the beginning and towards the end he will say things like "I don't know about you, but I am putting all my money in silver". I agree with Jsnip4 on buying silver bullion but he goes overboard by trying to sensationalize the idea and make people think that if they invest in silver bullion they...