JFJ Forums

Buying Gold and Silver?

Looking at today's economy...
The fact we in America are now in Massive National Debt.
And that inflation is now practically Guaranteed.

Add in, that we are most likely in for a “God’s-judgment-on-America" smack down,
mixed with a final “Great Awakening” level revival.
Also, add in the possibility that we are maybe in for a Mid-Trib rapture…

And you will come to the conclusion that things could get Nasty around here pretty Quick.

So,
I have been looking into buying Gold and Silver bullion.
AND, The research has been daunting!

My brothers and sisters,
the scripture makes it clear that there is wisdom found in a multitude of counselors.

"Where there is no counsel, the people fall; But in the multitude of counselors there is safety." -Proverbs 11:14

So, I have been bugging Many of my friends and others for advice,
The gold coin guys are obviously biased in their advice...
However, the metal market figures and trends do not lie... but it takes time to figure them out.

You see, 5 years ago,
When I first received a small fortune from an inheritance.  I felt "drawn" to invest 20% in Gold and silver at the beginning.  My UPCI Certified Financial Planner told me not to waste my time with metals! After hearing this advice, my wife and I even got into a fight about buying Gold, so I knuckled under to keep "Peace in my house". "Trusting" my CFP and in his understanding of the market, like most everyone, I ended up losing 60% of my inheritance before I bailed out of the market last month!!!  

Just one week ago, learned that If I had ignored my CFP's sage advice, and my wife's protestations, and bought metals anyway, I would have easily gained back ALL my losses plus 10% more!  
and the math bares it all out as TRUE!
Makes one want to barf - does it not?!

But that is all spilt milk now, so why cry about it.

Now that I washed out of the stock market and I was very seriously thinking about buying gold and silver, again,
with 25-30% of my remaining tiny nest egg.

I am not going to mess this up again with what is left.
Matthew 25 is ringing in my EARS!  

Shalom, bro,
I don't know whether you bought actual gold or gold in paper certificates, but I guess if I had the cash, I'd be buying the real deal and burying in the basement

I agree!
I would never buy "paper" Gold, the "REAL THING" is the only thing that will matter if it gets ugly...

Recently, I have been told to not bother with it, That "our faith should be in Yeshuah's ability to provide alone...Both salvation and bread in times of trial."        

This is all true and Good advice, but is it possible that this strange desire I have again to buy silver is just that?
Is Jesus' giving me the ability to provide in impending BAD times?

I still believe in Pre-Trib Rapture,
but let's just say Yeshuah believes it will be “Mid Trib”...!!!  
If this is true, As I have said before, things could get Nasty around here pretty Quick.
and if they do, then gold and silver will be the only "money" that works!

What clinched the silver debate on all this for me was this:
Revelation says that the financial problems early in the tribulation period will look like this:
"A MEASURE of WHEAT for a PENNY, and THREE MEASURES of BARLEY for a PENNY; and see thou hurt not the oil and the wine."  -Revelation 6:6

The "penny" in this scripture is a Roman coin equal to a full day's wages,
and a "measure" would make only 1 small loaf of bread.

Lets see,
One day's pay for the average American is roughly $120.00 (give or take $40) .

The speculators are saying that we should boom for a few months and then go into a deep recession, into mid depression times,
that 1.oz of silver is estimated to grow 10 times today's value.
That equals about $120.00 per oz. of silver!!!

that makes 1oz of silver = one Roman penny.  :shock:

If cash should become devalued by inflation fallowed by massive deflation, perhaps to the point of irrelevance; it maybe good to "get ready" by owning some of those 1oz silver "pennies"!
To have them "at the ready", while they can still be had for only 18 bucks each...

Also, If I am wrong about all this, "near end-time speculation", which I could be.
If Yeshuah should decide to tarry for, say, another 1000 years (which is unlikely), at least I can "cash in" when Obama's "Bail out Plan" turns to Inflation and hits its peak, making back some of my terrible losses I suffered from the stock market.

Gold was recently around $500.00 but is now falling from last month's insane high of $1000.00 per oz.
I also know that the world's gold reserve is stable.
So, I can see getting burned by buying Gold when it is "high" is a very real possibility right now.  

But all the reports say the silver price remains low, and unlike gold, the silver reserve has been running out in an alarming deficit for over 20 years, meaning there is way more silver being used to make products, then is being found or recovered. If Silver is running out at an exponentially fast pace it MUST someday soon rise dramatically in value!

After reading from multiple sources,
if I am going off of what My research has uncovered from Metal owners and dealers.
Add in that Many are seeing an a massive impending revival mixed with judgment level national disasters.
I am left with only one choice, and I have decided to put my money where my mouth is.

So, I pulled the trigger and bought "a lot" of Silver at $14.32 per ounce.
I could have easily paid much more on the "spread", but did not,
So, it was a pretty good deal...
Now, all I need to do is get a safe deposit box at my bank.

Meanwhile, I strongly Encourage you guys to go out and get you some silver.

However i am not so sure about gold... yet...
I'm waiting to see what Gold is going to do...
It is a bit high right now...and Falling!
and I am afraid it could dramatically drop like it did in the early 80s...

Do any of you guys own physical gold?
Can you give me some advice?

Steadfast, Shalom.

I have not read all of the above, but thought I had better get this posted, before I forget to.

Do not purchase Gold nor Silver in any form but 'Coin' of  America.  As I understand, from a FOX news interview, the other day, only coinage is exempt from confiscation.  The experts were stating that people think they are safe, if they own the precious metals, in bulk form, or by certificate, and they are not protected.  The government can, if desired, confiscate the ingots, and  issue paper money, or something like that.  The way they were talking, even foreign coin is not exempt from confiscation.

You might want to check it out.

In Messiah, His Shalom, and guidance.  Arley

I personally would stay away from all commodity investing.
Gold  has been a dismal performer until the last couple of years.

You can't time the market or other investments- you
have to be in for the long haul and take the downs along
with the ups.

Actually now is a great time to invest in the market- it will
go up again as it always does. Check out the high recoveries
that happen after the big crashes.

Although I must admit of course this recession is much scarier
than any other one, except for the Great Crash.

As for gold...you more than likely will not be able to walk into your
neighborhood grocery store or anywhere else and expect to be
able to use it-it has no purchasing power.

True, now is not the time to be buying...that was yesterday *L* as in 20 years ago. It wouldn't be a bad thing to buy a store of non-perishable food though, Steadfast. We don't have to be in the actual Trib for things to get bad; we're just so used to things being really good here in America -- God forbid Americans not being able to swing by and get a bag of burgers. That's our mentality anyway. I've been putting away emergency food rations, but it wouldn't be enough if we had a severe national crisis.

Silver might be more interesting then Gold.

The goldprice is held up in a not natural way, for the west was affraid if the Goldprice will fall, new wars will come arround.
They found so much Gold in the world, that the Gold on paper, became a system in itself.

Sometimes it's better to buy the best washingmachines etc. that last longer (even in times of crisis), than to loose money.

Kapitalism did put the responsibility of the economy on the community, so in a Communistic kind of sence the nation became responsible for the economy and risks by the StockMarket.

If you buy the Real Silver and Gold. The U.S.A.-Government is by law still allowed in times of crisis to demand from the people to give it to the government in times of crisis. Those ''personall'' posessions are not yours. This happend before the crisis of the 1920's also, in the U.S.A.

They can't/won't take away realy your good washingmachine or extra balkony, extra shoes, etc.

Sure, they can seize metals,
But that just makes "burial" a better storage idea then a safty deposit box.

Besides back in the 1920's only 10% was surrendered by the public and only one guy was actually charged, and he had a safe filled with gold.  He got off with a slap on the hand.

Big investors like kenny loggins and others with personal stock piles containing tonnes of silver will be targets, but not adverage joe like me who could, or could not, have a few ounces hidden away...

If I had silver bullion...
Which I am not admitting too... publically.

As things started to go bad in my nation, and silver rises 10X - 15X in value, while gold only doubles, I would trade in the bigest silver bars first, for multiple 1 oz gold coins, before there was a total societal break down.  

Meanwhile, If there was a total dollar breakdown...
I would keep any 1 oz silver coins I owned, as small change, that could purchase things like one weeks worth of groceries, a chain saw, bags of seed, without needing the guy I bought them from to have to "make change".

Gold coins would be easily portible/hiden "big money" for things like, buying a car or horses, paying for land and a plow, or hireing a private pilot to fly the family out of the country or to the otherside of the country, in a pinch...