Chris is selling his living and dining room furniture, and he’s buying silver. He started buying years ago, but now he’s arbitraging the furniture; selling the old stuff for cash, using the cash to invest in silver, and buying new stuff on interest-free credit with small payments.
While we can’t, in good faith, recommend this move to investors, it does open up limitless possibilities. Perhaps stripping the copper out of your home’s walls, selling it for scrap and putting it into gold and silver makes sense. Or, stripping your auto for parts–most cars are worth more dead than alive–and selling them off.
You get the point, you’re sitting on items that you’re not using or don’t want. Those items could be sold for cash, with the proceeds invested in silver or gold. Look around your home! Whether it’s tools, clothes, or furniture, go on eBay or CraigsList and get rid of them now. Take the cash you get and put it to work for you. We all have vast resources that we are not aware or conscious of. The time to become aware is now.
Click here for Chris Duane's Interview with Financial Survival Network
20 comments:
I have liked Chris' mentality ever since I became familiar with him. There's all types of silver investors but you don't hear the ones like Chris bitch and moan at every price drop. We are devote believers who have done our research using facts. This isn't some made up fantasy. Sometimes I wonder what information it was that got people to pick silver. If the info was good and solid it will hold up just fine through the ups and downs. Newbies should read Chris' article "the silver bullet and silver shield." Peace.
T
All eggs in one basket cannot be good advice. Half of my cash-related assets are in silver phizz and the other half in gold-related miners. At least if im wrong about silver im 100% Sure im right about gold. For this reason woman make better investors then men: they react less to sudden price swings, more likely choosing to hold in choppy waters rather than sell on the first little downswing, and they understand the need to diversify. I would prefer to double my chances of hitting bullseye and taking 500% profit than going for a one-time chance of 1000% profit with silver. Just me folks - jk
His site reminds me of one of those many internet advertising sales sites that have endless words to get to the point. It's also bordering on the semi-religious rant.
You eventually find out it's all leading to selling "junk" Silver and other "survival" stuff.
All this messianic, "end of the World" stuff gives Silver investing a bad vibe.
Everyone holding silver gets all excited cause of the price increase, in reality the cost of living has just increased. Nothing really exciting to get off on. Not to mention, the banks are still incharge(until comex defaults), and they could send the price of silver down anytime they want and then you hear all this crying and bitching why did I buy into the strength of the run, I don't get it. Got to have no emotion in this market to know when to pull the trigger, 20 percent increase is not the time to buy if you have a large position, if beginning yes. He should of not bought new furniture instead used the credit cards to purchase direct. New furniture cost more and selling used furniture gets less. just my thoughts
-hotsaucze
There IS something to like about the guy.....
Investing in precious metals is as unique as the individuals themselves.
No Doc, that is a picture of Kerry Lutz, the real Duane is a handsome bastard...
I like Chris's site....and lately his site has taken on challenging many of our current paradigms.
But...if I had his extreme apocalyptic outlook on things - like in the movie "The Road" - I'd have to realize that silver/gold isn't going to save me in a world where "money" won't mean diddly.
While I'm heavily into pm, I can't get rid of everything I own and isolate myself...because what if the apocalypse doesn't happen ?
I still like and read his site....75% of it anyway.
IMVHO
Stock prices are set by a combination of factors that no analyst can consistently understand or predict.Prices also vary from depending on the day. Because it has proven from the price comparison that there is a general rule of buying using which you can buy and make profit of yours. Monday is a perfect day for buying any product not for all but for some extent, it's a best day.
I spent some time in Brazil in the 1990's when they had hyperinflation plus they taxed imports at astronomical rates upwards of 100% to protect their economy.
Unless you are rich investing in silver is not going to save you but just provide a few months of cushion to get you over a rough spot. All of these pundits that just say invest in bullion and everything will be fine. I say 'hogwash' from first hand experience.
People seem to want to take the easy way out and this time there is no easy way out. It's going to require a lot of effort from the normally lazy TV society to put food on the table.
What people need to understand is imported items will become significantly more expensive if some type of theoretical currency collapse happens. There will be an immediate need for locally made items which are affordable.
What you need is a couple things to survive. Street savvy and a unique skill. Being a diesel mechanic or ability to operate CNC and injection molding equipment or farming are types of skills that will keep you from going hungry.
What I noted is due to no one having money the people had very low skill sets at that time compared to the U.S. or Europe. College and trade schools cost money plus trying to get a loan during hyperinflation is impossible. Also a lot of the higher educated groups were trying to leave the country for the U.S. So what happens is the peoples skill sets drops off.
Many things that required high level skill sets and specialized licenses required long waits. So unlike the U.S. maybe your high dollar sports car breaks down and instead of having it fixed tomorrow it takes two weeks due to the backlog and lack of mechanics with higher level skills.
So instead of selling your furniture to buy silver. Instead sell your furniture and get a skill set that will be in high demand should this theoretical dollar collapse happen.
Yes silver is a great item to own but unless you're able to buy $1,000,000 worth its not going to save you for the next 10 years. What will save you is a unique skill set that will be in demand.
"Markets can remain irrational a lot longer than you and I can remain solvent." - Keynes
Chris has a much higher risk tolerance than I do.
Anon 10.12
Your notion of having a tradeable skills is vital if the people we come to rely on are not available--at any price. My prepper mentor noted in the last 15 pages of the guide some of the small skills we should all know. The larger skills will include those which are 'survival' in nature.
Teachers will have useful assets if they can teach us some of the essential skills that we can take home. Prepare a list of services that you need to just get by and connect with those who offer these skills.
Let them know what you can offer in return and guage their reactions. If they are on the same page, then include them in your proforma list of people in your personal circle of influence or your BOB
Be sure that you offer something of real value so that when the chips are down, that informal conversation has substance. Something as simple as able to repair or clean clothing is a skill mosts do not have and would be in demand if TSHTF.
Even being able to be the eyes and ears of your small community of like minded people is a skill and can be a real help if your BOB needs to stand watch.
we sold everyone and invested ALL our savings, in silver and gold, back in the day... no money in our accounts expect for emergency and rent... don't even own real estate.... why, cuz that aint going up with silver and gold... but when i cash out ill be more than happy to buy more real estate.
I am trying to sell off some recreational stuff I have accumulated. It is getting tough to move these items. They are not things people really need, more akin to things people just want.
This economy may be even worse than reported in the news.
Cutting prices and relisting helped a bit, still there is a resistance to spending money out there so now is a tough time to sell your toys.
I wish that I would have gotten wise to PMs 20 years ago. I wouldn't have bought all this crap.
I think you all have valid points. Stacking the metal above the roof is for those with a lot of mullah and it will carry the rich through to the next level. Most of the rich don't care about the PM's. They will beg for a carpenter to repair the big hole in the roof where the tree limb fell through during the ice storm. Can you do it? And do they have PM's to pay or other items to barter. The pipes freeze and the toilet don't work. Can you repair it. The coat no longer zips and it's brutal cold. Can you sew in a new one. What will you give me for getting your car started? Computer out of whack? Let me take a look. A few good 12 gauge shells will suffice.
Some of us have enough PM's to tie us through the initial toughest patch. Sell the extra sofa and buy a few ounces of Phyzz. Sell the 4-wheeler you never use and get educated in some kind of skill. Partner up with like minds and combine skills and specialties for a band of brothers and sisters that can't be broken.
OK. I'm rambling but, one more thing to say. I know an engineer that worked for RF Microdevices. Made a tremendous amount of money but lived above his means. Got laid off. Like some with a lot less money, he lived pay day to pay day. Lost his home, vehicles and everything else. He has no other skills other than an electronics engineering degree. Had no PM's. Burned through his savings, stocks, etc. trying to hang on to all. Don't let it happen to you.
Read AGXIIK Prep. Manual and and any other good reference materials.
Keep stacking and skill setting.
Best of luck,
2 oz.
Chris Duane is awesome. a smart man. Unique man, but very wise, very informed on monetary history. He already knows what is going on and what will happen as a result of these actions, so he is now on a spread the truth tour. He's locked and loaded, wants as much silver as he can hoard..
Silver and Gold will make new highs within 4 months. Gold and silver stocks should start to severely outperform the metals now as gold goes mainstream...I'm locked and loaded on gold shares !! holding for a couple years or until gold hits $4500 after 2 13% pullbacks...
Gold $4500 this year??
silver surely triple digits then??
QE3 coming in April/May, along with ZIRP end of 2014. very very good for gold and silver.
Guys and gals:
Keep your perspective here. Do what you have to do to get emergency survival supplies and PM's but don't lose site of the present. Make sure you are keeping a little dry powder to tie you over. The first few weeks or months may require cash. I can't say it enough "READ AGXIIK's PREP STUFF". The collapse may happen today, tomorrow or 2 years from now but it will happen. In the meantime you still have to live day to day.
Bless you all,
2 oz.
My barbarian horde and I are ready. Broadswords honed to a hacking edge, daggers razor sharp, a thousand new arrows fletched and tipped in our quivers.
My Rievers are mighty men of valor and savage temperaments, when the chaos begins we will go forth to loot, sack, rape, plunder, burn, pillage, murder and rampage. That's the kind of men they truly are.
And being their leader, so am I.
Keep your powder dry and your eyes on the ridgeline, boys. We're out there.
You all should find this old comedy novel somewhere and read it.
It's the funniest book I ever read.
http://www.amazon.com/s/ref=nb_sb_ss_i_0_16/180-2746961-5313141?url=search-alias%3Dstripbooks&field-keywords=mention+my+name+in+atlantis&sprefix=mention+my+name+%2Cstripbooks%2C225
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