Are Gold and Silver gonna keep going down?

[steelciocc]

^^^ Where? How 'bout a link?

[k1dude]

And my family's story is exactly the opposite of BigBamBoo. Gold and jewels bought us our escape to freedom from communism. It worked. It also sustained us for 10 years until we established ourselves in a free country.

[therealnickb]

And my family's story is exactly the opposite of BigBamBoo. Gold and jewels bought us our escape to freedom from communism. It worked. It also sustained us for 10 years until we established ourselves in a free country.

In this forum I'd ask..... If one needs to escape the USA, what will the rest of the world look like? Where will you run?

I still say metals are looking at a long slow ever more painful slide.

[BigBamBoo]

And my family's story is exactly the opposite of BigBamBoo. Gold and jewels bought us our escape to freedom from communism. It worked. It also sustained us for 10 years until we established ourselves in a free country.

My question is what did your family do in the commy country to be able to amass so much gold that you were able to live off it for 10 years AFTER buying your way out? And how were you able to hide and transport POUNDS of gold and jewels?

Not being a smart @ss, but am truly curious.


.

[k1dude]

In this forum I'd ask..... If one needs to escape the USA, what will the rest of the world look like? Where will you run?

I still say metals are looking at a long slow ever more painful slide.

There's a whole lotta countries to consider that are relatively becoming more and more free as we eliminate and restrict our freedoms here.

[k1dude]

My question is what did your family do in the commy country to be able to amass so much gold that you were able to live off it for 10 years AFTER buying your way out? And how were you able to hide and transport POUNDS of gold and jewels?

Not being a smart @ss, but am truly curious.


.

They weren't communist when the wealth was accumulated. They rapidly became communist, cumulating in a violent overthrow, thus prompting the escape.

It's very easy to smuggle very expensive jewels in very small places. The truly wealthy don't flee with gold or silver, they flee with jewels.

Our family still had bags with them. The bags had the gold. There was also extra gold scattered on each person in case the bags were stolen or confiscated.

[kaligaran]

They weren't communist when the wealth was accumulated. They rapidly became communist, cumulating in a violent overthrow, thus prompting the escape.

It's very easy to smuggle very expensive jewels in very small places. The truly wealthy don't flee with gold or silver, they flee with jewels.

Our family still had bags with them. The bags had the gold. There was also extra gold scattered on each person in case the bags were stolen or confiscated.

This is a very interesting post! I would love to hear details about this if you don't mind.


Specifically:
What year(s) did this take place? What gems/coinage where they carrying and what kind of quantities are we talking about? Did any get stolen/confiscated and how? What forms of travel were used? How were the gems/gold used for currency for what items (depending on when this was - how did they go about finding people willing to trade for metals/gems and what influenced their decision of who to talk to)? etc.

[k1dude]

I can't give you many specifics. Our family is still trying to recover assets in that country. It could jeopardize our efforts because it would be very easy to put 2+2 together. I also come from a famous family there.

Diamonds, sapphires, rubies, and emeralds of top size and quality. Remember, larger stones can be cut into smaller stones. It's important to have some smaller stones too for payoffs. The larger stones are for once your feet have landed on safe ground. It's simply portable off-the-books wealth in a tiny package. It's very easy to transport $1,000,000 of jewels. It's very difficult to transport $1,000,000 in gold. It's nearly impossible to transport $1,000,000 in silver. Do the calculations.

Travel was pretty much cars and boats. Trains and planes came to a screeching halt. Ships have a lot of hiding spots, but are risky. Buses and trucks were a target.

It was all important contacts from before the fall. You had to know who to go to and who to talk to. There were many crooks promising the world, but would simply steal your money. Sometimes word of mouth would work, mostly it wouldn't. Millions upon millions were fleeing. The guards could be bought. But you had to be a good judge of character.

I don't know all the minutia. That generation is now gone. A lot of luck was also involved.

[kaligaran]

I can't give you many specifics. Our family is still trying to recover assets in that country. It could jeopardize our efforts because it would be very easy to put 2+2 together. I also come from a famous family there.

Diamonds, sapphires, rubies, and emeralds of top size and quality. Remember, larger stones can be cut into smaller stones. It's important to have some smaller stones too for payoffs. The larger stones are for once your feet have landed on safe ground. It's simply portable off-the-books wealth in a tiny package. It's very easy to transport $1,000,000 of jewels. It's very difficult to transport $1,000,000 in gold. It's nearly impossible to transport $1,000,000 in silver. Do the calculations.

Travel was pretty much cars and boats. Trains and planes came to a screeching halt. Ships have a lot of hiding spots, but are risky. Buses and trucks were a target.

It was all important contacts from before the fall. You had to know who to go to and who to talk to. There were many crooks promising the world, but would simply steal your money. Sometimes word of mouth would work, mostly it wouldn't. Millions upon millions were fleeing. The guards could be bought. But you had to be a good judge of character.

I don't know all the minutia. That generation is now gone. A lot of luck was also involved.

Crazy story, thanks for sharing.

[Ripon83]

Hmm..

This statement intrigues me. While I do see "freedoms" expanding in Ireland, New Zealand and a few others they will have to expand dramatically or our freedoms be taken dramatically to ever come close to what we have here in the US.

New Zealand would be my favorite, but my wife would prefer Ireland. Either one would be fine so long as I am willing to leave most guns behind, my properties and life as I know it. Getting into New Zealand is nearly impossible but Ireland not so bad - they'd be capable of cutting us off if they wanted too.

PMs' have value in both of those places.

There's a whole lotta countries to consider that are relatively becoming more and more free as we eliminate and restrict our freedoms here.

[ohsmily]

^^^ Where? How 'bout a link?

http://www.goldmart.com/bullion/gold...new-coins.html plus 8 or 9 bucks shipping. Cheapest premium I have found for a gold maple in the last few days.

[steelciocc]

Thanks!

[Not a Cook]

Here're are a few basic questions that I don't believe has been addressed in this thread, and I'd very much appreciate it those of you who are more learned in this area would address them for me.

Some suggest that gold and silver are currently "undervalued" because the unit cost of production for each metal is higher than the current spot price for the respective metal.

1st Questions: What has been the historic relationship between unit cost of production of precious metals and same-period unit spot prices? In other words, when silver's spot price was around $6/oz (which was fairly "steady" until about 2004, right?), what was the cost of silver production per ounce?

Follow-up Questions: IF it is historically-true that cost of production was typically lower than spot price, then it follows that cost of producing an ounce of silver was less than $6 until about 2004, correct? Now I'm reading reports that suggest that the cost of producing an ounce of silver is typically north of $20/oz. Has the cost of production of precious metals really skyrocketed that significantly (from under $6/oz until 2004 to well over $20/oz today) over the last decade? If so, how?

[GW]

And my family's story is exactly the opposite of BigBamBoo. Gold and jewels bought us our escape to freedom from communism. It worked. It also sustained us for 10 years until we established ourselves in a free country.

THIS^^
The gold/stones & silver isn't for the cops or soldiers. They're for the black-market coyote guy to smuggle you out before the SS arrives. If the goons are at your door its too late for gold, Its time for lead.

[Not a Cook]

THIS^^
The gold/stones & silver isn't for the cops or soldiers. They're for the black-market coyote guy to smuggle you out before the SS arrives. If the goons are at your door its too late for gold, Its time for lead.

Bingo.