Filthie's Mobile Fortress Of Solitude

Filthie's Mobile Fortress Of Solitude
Where Great Intelligence Goes To Be Insulted

Sunday, 31 May 2020

Meanwhile In Venezuela...



The wife and I got in a spat the other day. I’d like to buy more metals (silver)... and she said that if the SHTF, she’d prefer to have food and supplies. I wonder if it is still possible to do business in Venezuela if you have hard currency? Maybe she has the right of it...

12 comments:

  1. Glen, Daisy Luther over at The Organic Prepper has a gentleman that writes about Venezuela (used to live there, had to evacuate to a neighboring country). If I follow him correctly, it is not a question of cash or precious metals, but rather a question of having anything to buy at all. So maybe split the difference?

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    1. I think you're right TB. If you take the prepper/"what if" game too far, you end up in an underground nuclear fallout shelter with ten years of supplies and TP...

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  2. It's not a terrible idea to have a bit of silver, but unless you have money you don't have a good purpose for, I'd look for suppliers rather than PMs. PMs are to preserve capital you don't need.

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    1. Oops, supplies, not suppliers.

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    2. Yep. I have always regarded them more as insurance rather than an investment.

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  3. Honestly, I'm just glad the two of you agree that it's even necessary to think about and plan for. Lots of couples don't have that. Although the wuflu has knocked a few people's heads on a little more straight.

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    1. In my family we are regarded as nutters, Doug. They used to laugh at us and call us names and most still do. Shitlibs will always be shitlibs. There is no nice way to say it.

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  4. As I said before, the time to buy precious metals was 20 or 30 yrs ago, not in the middle of the shit storm. You missed the boat on that one. Gold is running about 1700 U$ /oz right now.
    I was born in Venezuela and mis-spent the first 16 years of my life there. I am glad we got out in 1980. Dad, a dutch retread with a Venezuelan passport, worked his way up from oil derrick rough neck to become head of human resources for Creole/Esso/Exxon/Lagoven from about 1960 to 1980. He quit when it became impossible. The country went from being the largest oil producer in the world in the 70s, to now raiding what little remains of the gold bullion in the national treasury to buy Iranian gasoline to give to Cuba so they can sell it on the open market and none of it is delivered to local markets. I follow things closely there. Like TB said, its not a mater of currency, there simply is nothing to buy because the people in charge have stolen and diverted it all to foreign markets to line their pockets long before anything arrived on the dock in La Guaira.

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    1. That's right! I forgot you had been through that, you have mentioned it before.

      And I hear you about the timing of it. Back when I bought my silver it was going for 17 bucks an ounce and last time I looked it was at about 20.00/oz.

      I would love to own some gold but good lord... how do you spend a gold coin? For daily transactions, it is hard enough to do with silver...

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    2. At the point when SHTF (inflation 100K % like Vzla) regular money is worth squat and you need to buy food your best bet is to sell off one coin (1 to 1.5 oz)for the most stable cash,(historically U$) at a gold dealer or pawn shop. They will likely give you market value less 15%. And then spend that as quick as you can on the goods you need before it devalues. That is why you buy gold at low prices when times are good. Grand parents from both sides just barely scraped though WW2 in Germany and Holland that way. Years later in the 60s and 70s both Omas would always buy the odd gold piece when they had some spare coin as form of highly concentrated portable trade-able universal currency should things turn pear shaped in the world again.

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  5. Slightly off topic... you know a thing or two about the oil industry.. get a load of this perversion:
    https://www.caracaschronicles.com/2020/06/01/why-is-there-a-cooking-gas-shortage-in-venezuela/

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  6. Push me up against the wall and do dirty things to me. Hey, i am looking for an online sexual partner ;) Click on my boobs if you are interested (. )( .)

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