The Phaserl


NFP Misses Expectations, Gold & Silver Go Vertical

from Silver Doctors:

NFP misses expectations at + 169k

  • Official Unemployment rate drops to 7.3%
  • July revised down from +162 to + 104
  • Gold & silver going vertical- silver up nearly $1, gold up $30
    Silver has gone vertical from $23 a little prior to 8am EST to a last of 23.81:

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  • 4 comments to NFP Misses Expectations, Gold & Silver Go Vertical

    • Paul Prichard (Paper Bear)

      So there will not be a restest of $19/oz for silver.

    • Upstart


      There are too many much more important matters to consider and prepare for at this time than the ‘charts’. The Dollar/Pound/Euro price of Silver at this moment means little against the bigger issues we face.

      Please get some perspective. Silver and Gold are FOR WHAT COMES AFTER a collapse / war – rarely are they much use during (unless you consider a Gold necklace for a loaf of bread, or a Gold wedding ring for an egg fair value, as was the case during WW2 to list just 2 examples).

      No, you need to get to the ‘after’ bit before Gold and Silver revert to fair value. Therefore Silver and Gold alone wont ensure you make it to the ‘after’. If you think they will then you will have a rude awakening – I assure you.

      A secure place to live, food, water, essential supplies, and a means of protection should be prioritised way above stacking pieces of metal.

      As stated, Silver will help on the otherside of the econonomic collapse and / or war, but there is likely to be a painful and potentially long transition between ‘here’ and ‘there’. That is the bridge that first must be crossed.

      If watching charts does it for you, and if seeing Silver go up a few cents gives you a nice warm fuzzy feeling, then good luck to you – you are missing the bigger point – and are also likely assuming the system we have today will resemble the new one we have tomorrow.

      It should be clear that I am not saying dont buy and stack Silver, but just in case, I will summarise again – I am saying keep perspective.

      It may even be prudent to assume that the collapse / coming war will be much worse and longer lived than most of us have anticipated and that it may be our children, or even grandchildren that get to ‘spend’ our stacks.

      Dark days are ahead and many other commodities will preseve wealth (or even ensure life itself) far better than a fist full of metal coins.

      • Tim

        I agree wholeheartedly. In a way I regret that I bought so much silver. Some of that fiat could have been spent on things conducive to surviving the coming collapse. But I can’t sell it because it’s underwater.

        • Upstart


          I totally understand as I am in the same position. However, I was fortunate to have bought some Bullion coins (such as Kookaburras and key date Brittannias) which I am selling/have sold on ebay for close to what I paid for them last year. I have also sold a few .925 Sterling Silver world coins and taken the loss in order to free up some much needed funds to ballance out my preps.

          Although I have taken a ‘hit’ I dont really care as I have effectively exchanged my coins for a Berky water filter and a pile of food. The filter and the food will be worth thier weight in Gold, and a big stack of Silver, if we go to war – or when the collapse comes.

          Just in case you would like to know, in total I have sold / am selling approx 20% of my Silver to buy more food and preps.

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