Here's a thought: why not just say bugger all, invest in bomb shelters, bottle water, canned food, board games, toilet paper and tin foil chapeaus. If the market were to fully collapse ad infinitum, nothing would have ANY monetary value because the accepted value of everything would deteriorate. Nothing has inherent value, it's all up to our tiny human brains and the beliefs therein to add value to it.
@GeneticIdentity101 "inherent value" - i don't know what that means; do you?? Something's value is what another person will pay/exchange for it. If by "the market" you mean the world's fiat currencies, then silver and gold will be the ONLY fluid means of exchange (ie barter is not a fluid means of exchange).
Something with inherent value would be a necessity of life or a tried and tested value represented to a set figure through scientific means with accurate significant digits. Food, water, oxygen; all of these are necessary elements to life. They have inherent value. What good is a lump of metal when you can't survive another day because of the failings of a worthless system of exchange that we merely accept at face value.
lol. When hyperinflation takes hold Silver will out perform gold. It always has. Deflationary stage may make people to think Gold is better. SILVER IS WHERE ITS AT!
Here's a thought: why not just say bugger all, invest in bomb shelters, bottle water, canned food, board games, toilet paper and tin foil chapeaus. If the market were to fully collapse ad infinitum, nothing would have ANY monetary value because the accepted value of everything would deteriorate. Nothing has inherent value, it's all up to our tiny human brains and the beliefs therein to add value to it.
GeneticIdentity101 1 year ago
@GeneticIdentity101 "inherent value" - i don't know what that means; do you?? Something's value is what another person will pay/exchange for it. If by "the market" you mean the world's fiat currencies, then silver and gold will be the ONLY fluid means of exchange (ie barter is not a fluid means of exchange).
gruff5 1 year ago
@gruff5
Something with inherent value would be a necessity of life or a tried and tested value represented to a set figure through scientific means with accurate significant digits. Food, water, oxygen; all of these are necessary elements to life. They have inherent value. What good is a lump of metal when you can't survive another day because of the failings of a worthless system of exchange that we merely accept at face value.
GeneticIdentity101 1 year ago
It's alot easier to barter with 1/2 to 1 oz silver anyways.
alaskablows 1 year ago
lol. When hyperinflation takes hold Silver will out perform gold. It always has. Deflationary stage may make people to think Gold is better. SILVER IS WHERE ITS AT!
soundzero 2 years ago