I just bought my first quarter ounce of Silver
Willy Wonka
Acolyte
And I feel good. This is just me essentially sticking my toe in the water before I jump in, but I plan to buy an ounce once a month when I start working at my new job. Now, I don't consider the silver an "investment", as it's price isn't really going up, the dollar is just going down. Aside from the occasional bubble here and there, precious metals stay at relatively the same price. Therefore, this is really just a way of preserving value in the fruit of my labors.
The funny thing is it will be 6-8 weeks before the bar arrives, so I'll be curious to see if it's worth more when it arrives than when I paid for it.
This is in accordance with my new plan for economic independence and stability. Simply put, I plan to have one foot in the system, and one foot out. Completely preparing for an apocalypse is well and good, unless the apocalypse never happens. The same could be said for putting all your eggs in the basket of society and it's fiat currency. Thus, by dividing my energy across the two parallels, I will be one step ahead should I need to stick both feet in the water.
But anyway, on to the details!
I will be working a part time, partly commission based, legitimate taxable job. The money earned will be put firstly to bills, rent, and anything that must be paid for with the fiat currency of our beloved system. A portion of that, approximately $50 a month will be dedicated to purchasing that ounce of silver monthly.
Though only 20-25 hours of my week will be dedicated to my part time job, I plan to work a full 40-50 hours a week.
The other half of my time will be used to possibly do odd jobs in return for barter, such as canned foods, clothing, or whatever tangible commodity could be agreed upon, and or, producing some sort of tangible product that I will only exchange for barter, and not currency (I make you a tie dye shirt, you give me 5 cans of chili), and or something else entirely, that I have yet to contrive.
I will also be looking at ways to minimize my dependency on "the system". While it would be quite the investment to completely remove oneself from the power grid, it would be relatively easy to install a wind turbine on your roof that powers a single outlet. A free power source for at least some of your needs.
Probing out a barter network with my community will put me one step ahead should say, one day, we wake up and find that the dollar is worthless. I'll already have business partners and customers lined up for the soon to blossom bartering economy. Plus having a small stash of silver will be like having a few hundred in the bank after your house burnt down.
And if the world as we know it doesn't end? Well, the silver will be a nice way to pay for my kid's college, or if at worst, give it as an heirloom to pass on until the next bubble. And all that barter networking? well now I know a guy who will give me an eight of pot for mowing his lawn, a guy who's wife makes knitted blankets in exchange for babysitting, and who to talk to when I need ammunition.
There's no loss of value really... it's just until these things catch on, the areas you can do business are limited. And up until then I'll be leading a relatively "normal" life.
The funny thing is it will be 6-8 weeks before the bar arrives, so I'll be curious to see if it's worth more when it arrives than when I paid for it.
This is in accordance with my new plan for economic independence and stability. Simply put, I plan to have one foot in the system, and one foot out. Completely preparing for an apocalypse is well and good, unless the apocalypse never happens. The same could be said for putting all your eggs in the basket of society and it's fiat currency. Thus, by dividing my energy across the two parallels, I will be one step ahead should I need to stick both feet in the water.
But anyway, on to the details!
I will be working a part time, partly commission based, legitimate taxable job. The money earned will be put firstly to bills, rent, and anything that must be paid for with the fiat currency of our beloved system. A portion of that, approximately $50 a month will be dedicated to purchasing that ounce of silver monthly.
Though only 20-25 hours of my week will be dedicated to my part time job, I plan to work a full 40-50 hours a week.
The other half of my time will be used to possibly do odd jobs in return for barter, such as canned foods, clothing, or whatever tangible commodity could be agreed upon, and or, producing some sort of tangible product that I will only exchange for barter, and not currency (I make you a tie dye shirt, you give me 5 cans of chili), and or something else entirely, that I have yet to contrive.
I will also be looking at ways to minimize my dependency on "the system". While it would be quite the investment to completely remove oneself from the power grid, it would be relatively easy to install a wind turbine on your roof that powers a single outlet. A free power source for at least some of your needs.
Probing out a barter network with my community will put me one step ahead should say, one day, we wake up and find that the dollar is worthless. I'll already have business partners and customers lined up for the soon to blossom bartering economy. Plus having a small stash of silver will be like having a few hundred in the bank after your house burnt down.
And if the world as we know it doesn't end? Well, the silver will be a nice way to pay for my kid's college, or if at worst, give it as an heirloom to pass on until the next bubble. And all that barter networking? well now I know a guy who will give me an eight of pot for mowing his lawn, a guy who's wife makes knitted blankets in exchange for babysitting, and who to talk to when I need ammunition.
There's no loss of value really... it's just until these things catch on, the areas you can do business are limited. And up until then I'll be leading a relatively "normal" life.
Comments
And congratz, I love silver. and it feels good having it.
I've got a barber dime, and a mercury dime I'd sell you. Someone polished them so the collector value is nil, but silver value is still the same.
I wish I had started investing in silver a few years ago when I first considered the notion... I'd be sitting pretty well with even a small amount right now. But I suppose late is better than never.
We'll talk about those dimes later. I'm still waiting to hear when my start date will be.
Sold that this past week, got a nice 420$ check sitting on my desk that I'm going to cash today...shall be financing an investment in a firearm.
lol wut
hes calling you out nigga.
He thinks you bullshitting us and you dont have a
$420 check. he think your full of bullshit, you wont buy a gun
and your just talking...
amirite?
My problem is gold has similar dollar fluctuations, but in relation, it's a much smaller percentage. Yes, it takes more money/time to get an ounce of gold. However, if you play your cards right it'll end up being far more profitable, imho.