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MP, USA
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Posted: 3/19/2024 9:03:10 AM EDT
[#1]
Everything in moderation.
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USA
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Posted: 3/19/2024 9:12:20 AM EDT
[#2]
Quote HistoryOriginally Posted By zeekh: That's the way I see it, but I could be wrong. Quote HistoryOriginally Posted By zeekh: Originally Posted By 20229mm: Gold and silver is the last thing I would buy for shtf That's the way I see it, but I could be wrong. If this is common thought now, just wait until discomfort is applied at an intense level. Investment OK, but in SHzTF it's dumb |
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USA
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Posted: 3/19/2024 9:15:08 AM EDT
[#3]
Gold and silver is the first thing I would buy for shtf
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GA, USA
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Posted: 3/19/2024 9:16:34 AM EDT
[#4]
Anybody have that recipe for gold soup handy?
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Posted: 3/19/2024 9:19:47 AM EDT
[#5]
Ive been stocking up on paintings by Hunter Biden. True portable wealth that can only appreciate.
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Posted: 3/19/2024 9:20:06 AM EDT
[#6]
Quote HistoryOriginally Posted By Panta_Rei: If this is common thought now, just wait until discomfort is applied at an intense level. Investment OK, but in SHzTF it's dumb Quote HistoryOriginally Posted By Panta_Rei: Originally Posted By zeekh: Originally Posted By 20229mm: Gold and silver is the last thing I would buy for shtf That's the way I see it, but I could be wrong. If this is common thought now, just wait until discomfort is applied at an intense level. Investment OK, but in SHzTF it's dumb I can’t really imagine a scenario where the USD collapses and we don’t enter SHTF. The entire world (with few exceptions) uses it as a reserve currency and to buy oil. If the dollar collapsed, the social security and welfare system would collapse with it. Imagine how the country would respond to that. Sure. Buy gold, but it has zero value to survive. |
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FL, USA
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Posted: 3/19/2024 9:27:08 AM EDT
[#7]
I have a modest amount of gold, silver and platinum. That said, I invest heavily in ammo and mags.
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Posted: 3/19/2024 9:28:15 AM EDT
[#8]
I should stock up on hookers and blow.
Might not be a warlord but I could be a pimp |
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Posted: 3/19/2024 9:28:57 AM EDT
[#9]
Quote HistoryOriginally Posted By 20229mm: Gold and silver is the last thing I would buy for shtf For mad max / the road / Armageddon etc I agree. However, Jews escaping nazi germany, recovering Germany after wwII, / living thru weirmer republic / Zimbabwe / Venezuela style financial collapse it would save your ass. All of those are shtf. |
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Posted: 3/19/2024 9:33:33 AM EDT
[#10]
Quote HistoryOriginally Posted By 20229mm: I can't really imagine a scenario where the USD collapses and we don't enter SHTF. The entire world (with few exceptions) uses it as a reserve currency and to buy oil. If the dollar collapsed, the social security and welfare system would collapse with it. Imagine how the country would respond to that. Sure. Buy gold, but it has zero value to survive. The governments commonly print more money and keep social programs alive. Gold and silver are decent hedges for inflationary environments. I tend to think bitcoin has more upside potential than those (or at least did a year ago). But all of those and stocks are likely to fair decently in inflationary scenarios. |
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Posted: 3/19/2024 9:34:00 AM EDT
[#11]
I collect other precious metals.
Lead, copper and brass |
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MO, USA
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Posted: 3/19/2024 9:35:18 AM EDT
[Last Edit: Vote4Cthulhu]
[#12]
I keep some PMs for SHTF, but not for the scenario most people think. They aren't for trading for ammo or beans. Rather, it's a hedge for a currency reset event where PMs can be favorably traded for other hard assets. There have been times in history during such events where a handful of gold could net a man a large parcel of land.
Read the books When Money Dies and Panic, Prosperity, and Progress if you'd like to know more about those times. The former is pretty dry, so I'd recommend checking out the latter first. |
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Posted: 3/19/2024 9:35:26 AM EDT
[#13]
Quote HistoryOriginally Posted By 20229mm: Gold and silver is the last thing I would buy for shtf |
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ND, USA
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Posted: 3/19/2024 9:37:19 AM EDT
[#14]
Quote HistoryOriginally Posted By buck19delta: For mad max / the road / Armageddon etc I agree. However, Jews escaping nazi germany, recovering Germany after wwII, / living thru weirmer republic / Zimbabwe / Venezuela style financial collapse it would save your ass. All of those are shtf. Yes, refer to the photos of folks in Germany burning their Weimer bucks to stay warm or heading to the store with wheel barrows full of cash. |
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PA, USA
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Posted: 3/19/2024 9:46:22 AM EDT
[#15]
Quote HistoryOriginally Posted By Justa_TXguy: You use a precious metals verifier. The Sigma is what you want. It's about $1K. https://www.boldpreciousmetals.com/product/4397/sigma-metalytics-pmv-original https://m.media-amazon.com/images/I/71K1QfJGs5S._AC_SL1382_.jpg $1K is too much? How much will it cost you when you buy a fake eagle? At least one of you have a sense of what to do...which doesn't say much for the rest of you...go figure. |
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Posted: 3/19/2024 9:59:51 AM EDT
[#16]
If SHTF, gold and silver will be as worthless as paper money.
If SHTF, we revert to a barter system. Cigarettes, tobacco, rolling papers, booze, lighters, coffee beans, food, and bullets are all much better than lumps of shiny metal. As we move out of the barter stage, then the precious metals start to become valuable. So… Stockpile what I said, and barter for precious metals, since you have a shit pile of the barter goods, or you should have, and come out of the SHTF with a bunch of value able goods. |
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NV, USA
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Posted: 3/19/2024 1:26:20 PM EDT
[Last Edit: arashi]
[#17]
SHTF will most likely be like the 1930's depression. People were starving to death, but they weren't shooting each other.
People seek security and will support any politician who promises to keep the entitlements flowing. People will support atrocities against those who are scapegoated as interfering with these entitlements. Most people live in food deserts. This makes people easy to control. When I think SHTF, I think losing my income or a unforeseen health issue (obesity is foreseen), not some apocalyptic dystopia. But it is waay more fun to buy "toys" and rationalize it. ETA: I have seen soo many "preppers" whose "preps" just end up in the garbage. I still see expired can goods hoards from Y2K. Nothing every happens. People just mostly hate their lives and want something to change. It just never does. It should, but just never does. |
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Posted: 3/19/2024 1:28:32 PM EDT
[#18]
I have food, medicine, weapons, and ammo.
If it is truly SHTF, gold and silver will be worthless. |
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Posted: 3/19/2024 1:33:15 PM EDT
[#19]
LOL at the poeple thinking SHTF will be "the Road"
It won't. It will be like the great depression, just worse as the dollar will shit the bed. So more like Weimar 1923. |
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TX, USA
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Posted: 3/19/2024 2:01:33 PM EDT
[#20]
Quote HistoryOriginally Posted By Abakan: LOL at the poeple thinking SHTF will be "the Road" It won't. It will be like the great depression, just worse as the dollar will shit the bed. So more like Weimar 1923. Yep....just a slow decent into european style socialism and command economy. Gold/Silver will still help in this scenario. |
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Posted: 3/19/2024 2:05:05 PM EDT
[#21]
Quote HistoryOriginally Posted By buck19delta: For mad max / the road / Armageddon etc I agree. However, Jews escaping nazi germany, recovering Germany after wwII, / living thru weirmer republic / Zimbabwe / Venezuela style financial collapse it would save your ass. All of those are shtf. Which "free" country would you escape to these days? |
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Posted: 3/19/2024 2:19:32 PM EDT
[#22]
Tp Smokes Alcohol |
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Posted: 3/19/2024 2:32:40 PM EDT
[#23]
Wasn't there a video floating around of some people in Venezuela using gold/silver after their economy tanked?
As in, they were even clipping pieces of coins to trade for other goods/food? |
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Posted: 3/19/2024 3:22:35 PM EDT
[#24]
In a true grid down scenario, precious metals will be worthless.
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Posted: 3/19/2024 3:25:20 PM EDT
[#25]
Quote HistoryOriginally Posted By Abakan: LOL at the poeple thinking SHTF will be "the Road" It won't. It will be like the great depression, just worse as the dollar will shit the bed. So more like Weimar 1923. except, if the US goes, the whole world goes... it won't be anything like the depression. |
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Posted: 3/19/2024 3:35:21 PM EDT
[#26]
Copper, lead and Brass in easily dispensable packaging
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Posted: 3/19/2024 3:46:16 PM EDT
[#27]
Quote HistoryOriginally Posted By dorobuta: except, if the US goes, the whole world goes... it won't be anything like the depression. I think high inflation is definitely worth prepping for. We've had very low inflation for decades. It's possible we'll spend our way into a high inflation environment and have a couple years of 30%+ inflation. That would be problematic, but society wouldn't dissolve because of it. |
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Posted: 3/19/2024 3:49:45 PM EDT
[Last Edit: apexcrusade]
[#28]
I think we can all make our own decisions based on our situation. It's not a matter of eating gold, or can't barter with gold, etc. It's a matter of preserving some wealth you've accumulated over time in a format that has a pretty damned good track record of maintaining that value until a time comes when you want or need to convert that value back into something else, based on how things have turned out. You begin with a dollar amount, and after an event, you can eventually end up with the same, equivalent dollar amount of something, perhaps dollars again. There are several items that could do this, why not use the ones that have characteristics that are the closest to currency as we know it now?
I post this frequently; in general, the best way to proceed is to create as many different types of assets in as many different places and formats as you possibly can. This removes idiosyncratic risk of a single investment or two going insolvent. It also covers the bases as far as diversity and accessibility go. As some have stated, it isn't a binary choice. You can have one thing that gets destroyed by a criminal or political act, and another thing that is immune to such risk. As the future is unknown to us, we do the best we can in spreading what we have across different layers. |
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Posted: 3/19/2024 5:30:18 PM EDT
[#29]
Get some of everything- pm's, bitcoin, cash ,AFTER you have the basic supplies stashed. Nobody knows what kind of calamity might happen so cover all the bases.
JMO |
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FL, USA
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Posted: 3/19/2024 5:32:39 PM EDT
[#30]
Quote HistoryOriginally Posted By 20229mm: Gold and silver is the last thing I would buy for shtf My 2000 friends says give it to me. |
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TX, USA
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Posted: 3/19/2024 8:54:20 PM EDT
[#31]
Quote HistoryOriginally Posted By The_Reaper: Wasn't there a video floating around of some people in Venezuela using gold/silver after their economy tanked? As in, they were even clipping pieces of coins to trade for other goods/food? Yep, it happened quite a bit, and still may be happening. I remember reading that they were even using gold pieces for haircuts and every day goods. One of the biggest problems is there's such a wide range of what people define as SHTF. I would say that Venezuela's currency and economic situation could be considered SHTF and they were using PM's. As I said earlier, I think it's wise to have all the basics first, then dive into PM's and deeper materials. I would imagine most of us have thousands of rounds, lots of food, water, and meds. When you reach a certain level, PM's and deeper preps make sense. 90% silver is good for smaller transactions or fractional pure coins. |
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Posted: 3/19/2024 9:13:11 PM EDT
[#32]
I have a zip lock bag full of real gold jewelry I kept after my mom died.
I brought it to a gold buyer. They won’t give you but like half it’s worth. So it’s just sitting in my sock drawer. I’m thinking about getting someone to melt it into a big brick and just toss it on my desk as a paper weight. |
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Posted: 3/19/2024 9:18:02 PM EDT
[#33]
Quote HistoryOriginally Posted By Terminal-Lance: no gold or silver but I do have plenty of lead copper and brass. And powder and primers. Just made 10% on powder. I would put primers in line with platinum as far as value, some would disagree. |
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TX, USA
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Posted: 3/19/2024 9:18:43 PM EDT
[#34]
I ain't leaving Texas for any damn woman.
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Posted: 3/19/2024 9:21:04 PM EDT
[#35]
Quote HistoryOriginally Posted By arashi: SHTF will most likely be like the 1930's depression. People were starving to death, but they weren't shooting each other. There's a whole lot more people and guns in the country now and likely even more divided.  We got a whole lot of people shooting each other and we're paying them a whole lot of welfare. |
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Posted: 3/19/2024 9:23:13 PM EDT
[#36]
Quote HistoryOriginally Posted By Paul: Gold is for buying other countries currency after yours turns worthless. Show up to New Zealand with 3 pounds of fiat currency from a collapsed country and 3 pounds of gold and see which goes further. Currently the likelihood of that happening is small, but growing, non zero number. The problem is when the US dollar goes down the tubes the other world currencies will already be at the bottom. Look at the BRICS countries. The USA has almost double the gold of all of them combined. In hard times, countries will scramble for USA dollars because we will recover before any of them ever will. |
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Posted: 3/19/2024 9:27:32 PM EDT
[#37]
Quote HistoryOriginally Posted By GutWrench: I have a zip lock bag full of real gold jewelry I kept after my mom died. I brought it to a gold buyer. They won’t give you but like half it’s worth. So it’s just sitting in my sock drawer. I’m thinking about getting someone to melt it into a big brick and just toss it on my desk as a paper weight. Was it was 14K gold (58.3% gold)? |
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Posted: 3/19/2024 9:28:36 PM EDT
[#38]
Quote HistoryOriginally Posted By 20229mm: Gold and silver is the last thing I would buy for shtf RIGHT! Stock up on lead and brass. |
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Posted: 3/19/2024 9:33:16 PM EDT
[Last Edit: Paul]
[#39]
Quote HistoryOriginally Posted By Chisum: The problem is when the US dollar goes down the tubes the other world currencies will already be at the bottom. Look at the BRICS countries. The USA has almost double the gold of all of them combined. In hard times, countries will scramble for USA dollars because we will recover before any of them ever will. Ah, that's different to me. That's The End Of The World As We Know It where not just one but all societies collapse. That's why I have over a five hundred pounds of .308 and .223 ammo put aside.  I'm thinking more like a Jew in Nazi Germany in 1932, or a democracy loving Vietnamese in 1952. Those guys fled with the gold sewn into their clothes and the diamonds in their pockets. 
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Posted: 3/19/2024 9:37:43 PM EDT
[#40]
Originally Posted By mtdasvc: How do you tell if something is real or fake, when all the apps etc will be down? I am aware of acid tests you can do, but doesn’t that mar the value of the coin? That is before we even get into things like white gold, etc.. My current plan is to have enough food and ammo to trade for gold for later… I have steel, and stainless steel, and brass, and aluminum, and carbide, and high speed steel, and machines that add value to those things. I'll only take gold in exchange for my work if my family isn't hungry. |
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TX, USA
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Posted: 3/19/2024 11:32:12 PM EDT
[#41]
Quote HistoryOriginally Posted By LUZCANNON: I love these people who fondle krugerands I guarantee your government will be along to steal your metal when they want it. hell fdr banned gold ownership for decades so there's even precedent. if it comes time to cash it in for the new coin of the realm they'll be looking for you and anyone who knows you have it will Dime on you for the bounty or favors offered by government. There was a British movie about the Gulf war where they carried gold to buy their way out of a jam. Except their captors just took the gold... Paladin |
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Posted: 3/19/2024 11:43:44 PM EDT
[#42]
The only precious metal I invest in is steel, lead, and brass.
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Posted: 3/20/2024 12:11:52 PM EDT
[#43]
Quote HistoryOriginally Posted By Paul: Was it was 14K gold (58.3% gold)? It’s a little bit of everything. Most is 14k but there are some 18k and 10k. Their eyes light up when I slap that 2lb sack of gold on the table. But then they are all like. Well it’s just scrap. I can only give you half of its value. It’s not worth anything to me. It’s a con. I will just keep it I don’t need the money |
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Posted: 3/22/2024 2:26:53 PM EDT
[#44]
Quote HistoryOriginally Posted By GutWrench: I brought it to a gold buyer. They won’t give you but like half it’s worth. It is "worth" exactly what you can get for it. |
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MI, USA
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Posted: 3/22/2024 2:42:23 PM EDT
[#45]
There's a bunch of downright retarded responses here.
Food, water source, cash, ammo, guns, a good plan AND some metals could all be helpful in SHTF. Just buy from a reputable dealer like APMEX, and you won't have to worry about it being fake. |
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Posted: 3/22/2024 2:52:37 PM EDT
[#46]
Quote HistoryOriginally Posted By FALARAK: It is "worth" exactly what you can get for it. Quote HistoryOriginally Posted By FALARAK: Originally Posted By GutWrench: I brought it to a gold buyer. They won’t give you but like half it’s worth. It is "worth" exactly what you can get for it. Truth |
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TX, USA
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Posted: 3/22/2024 2:59:01 PM EDT
[#47]
Quote HistoryOriginally Posted By klutz347: I collect other precious metals. Lead, copper and brass I’m pretty sure that those here that have gold and silver also collect the three you mentioned. In SHTF, I’d take G&S for my L,C&B. |
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Posted: 3/22/2024 3:04:33 PM EDT
[Last Edit: buck19delta]
[#48]
Quote HistoryOriginally Posted By Chisum: The problem is when the US dollar goes down the tubes the other world currencies will already be at the bottom. Look at the BRICS countries. The USA has almost double the gold of all of them combined. In hard times, countries will scramble for USA dollars because we will recover before any of them ever will. Quote HistoryOriginally Posted By Chisum: Originally Posted By Paul: Gold is for buying other countries currency after yours turns worthless. Show up to New Zealand with 3 pounds of fiat currency from a collapsed country and 3 pounds of gold and see which goes further. Currently the likelihood of that happening is small, but growing, non zero number. The problem is when the US dollar goes down the tubes the other world currencies will already be at the bottom. Look at the BRICS countries. The USA has almost double the gold of all of them combined. In hard times, countries will scramble for USA dollars because we will recover before any of them ever will. Doesn’t mean the U.S. government can’t or won’t devalue the US dollar 50% over night at some point to salvage the US dollar, instantly turning / reducing your 100k in savings, or 100k in stocks / 401k down to only 50k instantly. Meanwhile your $100k in gold is still worth that original $100k….it didn’t / won’t lose value, not like cash will. It won’t grow as fast as investments will like stocks, but it won’t devalue as fast either. Roman currency in gold is still accepted pretty much anywhere, while Roman paper money, certificates, etc basically worthless., Same for Zimbabwe dollars vs Zimbabwe gold, etc. In the 1930s 100k in gold your fine, vs 100k in stocks / your local bank might well go poof ! |
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Posted: 3/23/2024 1:15:00 PM EDT
[Last Edit: sandblaster]
[#49]
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Posted: 3/23/2024 1:30:57 PM EDT
[#50]
Nylons and chocolate, worked in Europe a hundred years ago will work again.
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