Thanks for showing a correlation between the can of Coke and the amount of Zimbabwe currency you'd have to have to buy it. I have many of those notes and find this whole story very interesting.
why do people keep saying you can't eat gold or silver? we know that but pm's will be valuable somewhere in the world, fiat is useless the world over once its devalued
@salsaby1103 You can't eat paper either. Food and water is one of the most important things. You should have a basic understanding of farming, hunting, gather and storing. If you need to do so by yourself then you can. Learning how to purify water or get it from the ground is also good. You will be able to buy more food with gold and silver than with paper.
@silverguru You can't eat metal. My point stands. The issue is the matter of intrinsic value and the 'FACT' that nothing has any intrinsic value unless some business man decides otherwise.
Humans need food, water and shelter all of which are provided by planet Earth for free. No need for paper currency, no need for chunks of silver.
You're part of the problem silverguru, not part of the solution.
@Raynes79 not everyone is ready to live off the land as admirable as it is, most people couldnt even grow a carrot if their life depended on it, they are used to trading energy in paper. if you think about it, we have been getting off lightly using paper as a means of exchange for hard labour, either way, these metals are gifts from the earth and they are to be treated with respect and reverence, alongside other essentials on this planet, like water, animals, plants, trees, foods, minerals, etc.
Ok, so let me get this right.... You want us to use our 'worthless' paper/fiat notes to buy your 'valuable' silver???
Who is missing what?
Either paper/fiat notes are worthless and we cannot buy your silver or the notes are valuable and you should admit you're just another bunch of scam artists.
@Raynes79 All fiat currencies in the history of the world eventually go to their intrinsic value -- zero- gold and silver have worked for 5000 years, no paper currency has lasted nearly that long. Does it cost more now for an ounce of gold or silver than in 2003?
@Raynes79 Ask someone that has been through a hyperinflation if they wish they had bought anything before the currency completely collapsed. Right now the US $ is off 95% not 100% the trend is clear -- do what you wish-- did you know we do not sell bullion so you cannot buy from us?
@Raynes79 The government forces you to buy with paper. He wants the paper so he can buy even more silver. His savings is in gold and silver. It is why we buy things with paper for our businesses. We do this so we can get even more paper. He is turning the paper into gold or silver. See when we have high or hyperinflation the paper would be worthless but the gold or silver not. Even if the government had a trillion dollar silver coin it will still be worth its silver content.
@twin1010101010 It depends on how the people will react, if enough people knows the truth. The rich will lose all of their power and the people can start a new system. Unfortunatally people are not reseptive to world view changing arguments right now and will be even less so when in panic.
Wow, brilliant video! Clearly shows the importance of having gold or silver as a backup in case of unforeseen events. I follow the approach of rather safe than sorry and recommend everyone I know to do the same....
so i want to make sure i got this right. gas is the same price as it was in the 1950's and now the dollar is worth dog dick so it appears as if gas costs way more since we are paying with such a weak currency?
Get ready for the $5000000000 Peoples Cheeseburger. We are getting out of the dollar and into gold. We don't need you anymore... Please stop asking for more money. Regards, Bank of China
Never follow the crowd because, the crowd is always wrong.
Most of the people that I talk to in the upper-middle-class are still completely clueless about what's coming down. They're so entrenched and so mind-controlled by the status quo, and the ESTABLISHMENT, that when this hits most of my friends are roadkill and will never see it coming.
I've long-since given-up trying to awaken them, it's pointless. They're the walking dead and they don't even know it. What matters? Their golf swing.
go watch videos from 2008 ( we are now in mid 2011 ) and you will see how back then they warned of hyper-inflation and it never happened !!! all the bailouts and all the QE's and still no HYPER-inflation happened !!
@PREPAREORSUFFER yes it's true that 4-5 years ago we were talking about deppression and hyper- inflation but that doesn't mean that it's not going to happen...in 1920 they were already talking about depression and in 1929 guess what?just happened over night soooooooooooo where is your critical thoughtful explanation Sir?
@lion8heart .....my critical thinking just comes from analyzing whats been going on and whats been warned for years and years without occurrence and then it was verified when i read a reprt this morning from a dr.TOM BURNETT and here is the link !! the article can be found in rense dot com
WAKE UP WHITE AMERICA!!! BUY GOLD AND SILVER...DON'T LET FUCKING JEWS ROB YOU AND YOUR FAMILY...HYPERINFLATION IS COMING TO USA...IT WILL BE DEVASTATING...SAVE YOUR FAMILY!!! STORE FOOD AND WATER...AND INVEST IN HARD CURRENCY...GOLD AND SILVER...SELL ALL YOUR STOCK...ALL YOUR BONDS...IT WILL ALL COLLAPSE VERY SOON...JEWS ARE BUYING GOLD AND SILVER...RUSSIA IS BUYING GOLD..INDIA AND CHINA ARE BUYING GOLD AND GETTING RID OF US DOLLAR...WHAT ARE YOU WAITING FOR...DOLLAR IS ON LIFE SUPPORT...DEAD
what if the government outlaws gold and silver ownership? your value is going to be in a chip in your right hand or forehead. if you refuse one you are going to be an enemy of the state and terminated.
@watchman001 The government is always slow to react. By the time it does something like that the people who are smart enough to be in gold or silver right now will have diversified into other things. The government cannot outlaw everything. There are many unintended consequences of such things.
That cocksucker in Zimbabwe was installed by the CIA. He is a Zionist plant. As long as Talmudic values (lying, cheating, theft, murder) dominate our society we head toward disaster too.
@swtaxclients no I'm afraid you have a misunderstanding of inflation and hyperinflation. Also, The dollar is not measured in silver. As more dollars are printed, inflating the base money supply, more dollars are chasing after the same goods. That means prices rise because the dollar is less valuable. Gold and silver value has not changed in thousands of years. Nor any other goods. For example, gas is actually cheaper now than say 1950 measured against silver. I'm using my phone to write this so
gold and silver is based in dollars correct ? i.e. ($35.35 per ounce silver)… this is the question: when the dollar collapses ,lets say down to 10 cents , wouldnt that mean that the VALUE of silver would be REDUCED to 10 cents per ounce ??….since the metals are based in dollars
@swtaxclients in 1920 a one ounce $20 gold coin would buy a fine hunting rifle with a value of $20.00. Now in 2011, that same $20 one ounce gold coin, with a value of $1500, would buy a fine hunting rifle with a value of $1500!
The value of gold and silver remains constant. The money printing (inflation) decreases the buying power of the money.
If the dollar collapses, it will take trillions and trillions of dollars to buy a fine hunting rifle, or, you could trade an ounce of gold for one.
I had lunch with with a Costa Rican fellow who receives his pension from the US and in dollars. He said there are places in Costa Rica that are refusing to accept the U.S. dollar as payment. The dollar has slid down against the C.R. Colon making things difficult for him and other people living off shore on fixed incomes.
ISRAEL "GRAVES" Prepared For BATTLE of GOG And MAGOG!! Ezekiel 39:11-13.VISION Of The ATTACK Of ISRAEL That Is Coming! Osama Bin Laden Dead May 1,2011/Hitler Dead April 30,1945 66 Years Apart!Another 6 is coming this year.Microchip-666 in hands and foreheads.Hell is real!Middle East and Israel conflict,WWIII?-Bible Prophecy!TO NON BELIEVERS REPENT SAVE YOUR SOULS.JESUS IS COMING,RAPTURE IS COMING! LISTEN TO PAUL BEGLEY IN YOUTUBE,HE’S BEING ATTACKED BY EVIL FORCES(Valera and others..)
CHRISLAM: ONE WORLD RELIGION"ABOMINATION Of DESOLATION" Bible Prophecy!!VISION Of The ATTACK Of ISRAEL That Is Coming!Germany:E-COLI..Osama Bin Laden Dead May 1,2011/Hitler Dead April 30,1945 66 Years Apart!Another 6 is coming this year.Microchip-666 in hands and foreheads.Hell is real!Middle East and Israel conflict,WWIII?-Bible Prophecy!TO NON BELIEVERS REPENT SAVE YOUR SOULS.JESUS IS COMING,RAPTURE IS COMING!Get raptured not suffer the great tribulation.LISTEN TO PAUL BEGLEY IN YOUTUBE.
Please watch "Money as Debt 3, the Evolution of Money" -- I certainly own PMs, but it is NOT the answer for a standard -- no single commodity group will ever fix the problem. Money as Debt 3 has some great ideas for a new monetary approach -- it is a great vehicle to launch discussion on monetary reform. please check it out if you have the time -- 2 hours long and you will need to watch it 3-4 times to get your head around most the points made. moneyasdebt (dot) net. Keep stacking.
@IAmIsNigh How is it a waste of time? Showing how one's lifetime of work hours (if they store in currency, which is stupid) can implode in less than a year and a half to the value of NOTHING.
that's right! just to be a milionaire is not enough... At least need to be trilionaire at that time... everybody happy... sooo cool....... happy and hungry.
You're correct but any of the countries like China,Japan or the Middle east won't accept it. The USA will have to rely on itself to survive, as it won't be able to import anything .
Paul, Think of buying that can of coke in terms of weight, instead of dollars. Lets presume that can of coke costs, right now, $1 or 1/35th of an ounce of silver. If the can of coke goes to $1,000 and the price of silver has risen by the same % amount (to $35,000/ounce) then it will still take just 1/35th of an ounce of silver to buy that can of coke.
The idea is that gold/silver maintain their purchasing power and your ounces will buy the same amount of goods no matter how much prices go up.
whats the point of buying silver and when it goes to $10,000 an ounce, you can only buy a can of coke with $10,000?.....maybe David Morgan can answer this?
@paulzeaiter Silver and Gold never really move up or down it's the Dollar that changes, 40 yrs ago you could get a gallon of gas for one Mercury Dime and today you can get a gallon of gas for the equivalent of one Mercury Dime. See, Silver and Gold NEVER changed, the Dollar just shit all over itself that's all, it's what happens when Bennie and the Ink Jets print money out of thin air.
@lostinthemix "Silver and Gold never really move up or down it's the Dollar that changes"
That's somwhat over-generalization, since the demand for commodities and for hard money (whichever you consider gold and silver - many would say they are both) can change based on velocity in the economy and other world events. For instance, silver dropped in value in the late 1800s when big mines were discovered out west in Nevada and so forth.
@doomage101 It's not my idea, it's how the market works, i also bought Gold when it was $385oz and well aware of the profit i made in Dollars but i didn't buy it for profit i bought it to preserve my wealth or what's left of it.
@lostinthemix Gas price in 1971 was .36 per gallon. Melt value for a dime in 1971 was .36 cents so, technically you're right however, todays melt value with silver at 36.45oz is 2.45 per dime. We can't get gas that cheap today. Your emphisis on gold and silver never changing is incorrect. The idea that gold and silver are store houses of wealth is true but, it is more fluid than you think it is.
@Joeys48 In april with silver at $48.50 the concept was right, even Peter Schiff made that comparison, however volatility has ruined the case of study.
@angelmtza That's true and reinforces my point that gold and silver are store houses of wealth but, it is more fluid than some of us make it out to be. Thanks for the comment.
@lostinthemix You're so right, although using a gallon of gas is a difficult comparison due to the added taxes that have piled up over the years. But, I tested it using an on-line inflation calculator and sure enough, it's damn close! I used to be able to get into the movies when I was a kid with just one silver quarter and one silver dime. Now, a silver quarter and a silver dime equals about $8.50 -- about what it costs to get into the movies! BTW, Coinflation has a great silver calculator.
@lostinthemix okay then why is an ounce of gold at $1600.00 now and in 1998 it was only $300? meanwhile an ounce of marijuana still is and has been around $250.00 for ever since i can remember.
@investornator Just hold on to some US Federal Reserve Notes, you'll have a nice Hyperinflation collection soon without having to spend any money... :)
Swap all those bills with the dollars, that's what our future look like.
tobysoter 3 days ago
i know but i'm just not Mrs Bear Grylls...I wanna hunting man to date lol..a tarzan type
salsaby1103 5 days ago
Thanks for showing a correlation between the can of Coke and the amount of Zimbabwe currency you'd have to have to buy it. I have many of those notes and find this whole story very interesting.
TheCurrencyMan 1 week ago
wikipedia Hyperinflation :- (pictures) Sweeping up the banknotes from the street after the Hungarian pengő was replaced in 1946
Germany, 1923: banknotes had lost so much value that they were used as wallpaper.
The 100 million b.-pengő note was the highest denomination of banknote ever issued, worth 1020 or 100 quintillion Hungarian pengő (1946).
A 500 billion Yugoslav dinar banknote circa 1993, the largest nominal value ever officially printed in Yugoslavia, the final result of hyperinflation.
SovereignBeing 1 month ago
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Support Ron Paul.
Google "Political positions of Ron Paul" And look at the Wiki links or ThePoliticalGuide
Less government spending, less taxation to American Citizens, a budget plan that works.
This man has been fighting for your personal freedom and the separation of congress from big business for years.
He is a man who stands against the war on drugs, the foreign wars, and corporate bail outs.
Vote for liberty this year. Vote for real change; not another political puppet like Obama.
RapsAlive 2 months ago
why do people keep saying you can't eat gold or silver? we know that but pm's will be valuable somewhere in the world, fiat is useless the world over once its devalued
salsaby1103 2 months ago
@salsaby1103 You can't eat paper either. Food and water is one of the most important things. You should have a basic understanding of farming, hunting, gather and storing. If you need to do so by yourself then you can. Learning how to purify water or get it from the ground is also good. You will be able to buy more food with gold and silver than with paper.
bigboywasim 5 days ago
penis money? lmao
jeremy7245 2 months ago
@silverguru You can't eat metal. My point stands. The issue is the matter of intrinsic value and the 'FACT' that nothing has any intrinsic value unless some business man decides otherwise.
Humans need food, water and shelter all of which are provided by planet Earth for free. No need for paper currency, no need for chunks of silver.
You're part of the problem silverguru, not part of the solution.
Raynes79 3 months ago
@Raynes79 not everyone is ready to live off the land as admirable as it is, most people couldnt even grow a carrot if their life depended on it, they are used to trading energy in paper. if you think about it, we have been getting off lightly using paper as a means of exchange for hard labour, either way, these metals are gifts from the earth and they are to be treated with respect and reverence, alongside other essentials on this planet, like water, animals, plants, trees, foods, minerals, etc.
SovereignBeing 1 month ago
Ok, so let me get this right.... You want us to use our 'worthless' paper/fiat notes to buy your 'valuable' silver???
Who is missing what?
Either paper/fiat notes are worthless and we cannot buy your silver or the notes are valuable and you should admit you're just another bunch of scam artists.
Raynes79 3 months ago
@Raynes79 All fiat currencies in the history of the world eventually go to their intrinsic value -- zero- gold and silver have worked for 5000 years, no paper currency has lasted nearly that long. Does it cost more now for an ounce of gold or silver than in 2003?
silverguru 3 months ago
@Raynes79 Ask someone that has been through a hyperinflation if they wish they had bought anything before the currency completely collapsed. Right now the US $ is off 95% not 100% the trend is clear -- do what you wish-- did you know we do not sell bullion so you cannot buy from us?
silverguru 3 months ago
@Raynes79 The government forces you to buy with paper. He wants the paper so he can buy even more silver. His savings is in gold and silver. It is why we buy things with paper for our businesses. We do this so we can get even more paper. He is turning the paper into gold or silver. See when we have high or hyperinflation the paper would be worthless but the gold or silver not. Even if the government had a trillion dollar silver coin it will still be worth its silver content.
bigboywasim 5 days ago
next year one swiss franc is 25 000 000 euros!!!
Horstlohner 3 months ago
'I'll have a Coke please."
"That'll be 150 billion dollars please."
"What? it was only 50 billion dollars this morning!" [grumble]
emdtb2001 3 months ago
Zimbabway's rate of inflation was 10*27th? Yawn. Wake me when it gets to 10*50th.
Bustikated 4 months ago
The same thing took place during the weimar republic,and is the U.S. any defferent.
esauaftereffects 6 months ago
@esauaftereffects no..its not an different.
gelberd 5 months ago
serves them right for having a can of coke for breakfast :P
jamesarongray 6 months ago 4
@jamesarongray They should be more healthy i agree haha
NewKidVidz 5 months ago
@twin1010101010 It depends on how the people will react, if enough people knows the truth. The rich will lose all of their power and the people can start a new system. Unfortunatally people are not reseptive to world view changing arguments right now and will be even less so when in panic.
sweYoda2 6 months ago
Wow, brilliant video! Clearly shows the importance of having gold or silver as a backup in case of unforeseen events. I follow the approach of rather safe than sorry and recommend everyone I know to do the same....
click2investCOM 7 months ago
so i want to make sure i got this right. gas is the same price as it was in the 1950's and now the dollar is worth dog dick so it appears as if gas costs way more since we are paying with such a weak currency?
dbgelman 7 months ago
Get ready for the $5000000000 Peoples Cheeseburger. We are getting out of the dollar and into gold. We don't need you anymore... Please stop asking for more money. Regards, Bank of China
TheCentralServices 7 months ago
LOL...they used a German printer....Yah...I guess they went to the expert at money printing.
whitechocolatespace 7 months ago
Become as self-sufficient, as possible.
Have a garden, even if it is indoors. Some veggies, that don't need bees, can be grown inside. Some are lettuces and spinach.
If the grid goes down, there will be tremendous suffering and death.
marieatthelake 7 months ago
10 trillions were circulated
houseofthemoon 7 months ago
looks like a turd pile.
KarasCyborg 7 months ago
Never follow the crowd because, the crowd is always wrong.
Most of the people that I talk to in the upper-middle-class are still completely clueless about what's coming down. They're so entrenched and so mind-controlled by the status quo, and the ESTABLISHMENT, that when this hits most of my friends are roadkill and will never see it coming.
I've long-since given-up trying to awaken them, it's pointless. They're the walking dead and they don't even know it. What matters? Their golf swing.
AffinityNetNews 7 months ago 2
@AffinityNetNews i love it
garyg315 7 months ago
The only reason he's saying these awful things is because he's a racist white person. There IS no inflation. None whatsoever.
Mritalicsmine 7 months ago
go watch videos from 2008 ( we are now in mid 2011 ) and you will see how back then they warned of hyper-inflation and it never happened !!! all the bailouts and all the QE's and still no HYPER-inflation happened !!
PREPAREORSUFFER 7 months ago
@PREPAREORSUFFER yes it's true that 4-5 years ago we were talking about deppression and hyper- inflation but that doesn't mean that it's not going to happen...in 1920 they were already talking about depression and in 1929 guess what?just happened over night soooooooooooo where is your critical thoughtful explanation Sir?
lion8heart 7 months ago
@lion8heart .....my critical thinking just comes from analyzing whats been going on and whats been warned for years and years without occurrence and then it was verified when i read a reprt this morning from a dr.TOM BURNETT and here is the link !! the article can be found in rense dot com
PREPAREORSUFFER 7 months ago
WAKE UP WHITE AMERICA!!! BUY GOLD AND SILVER...DON'T LET FUCKING JEWS ROB YOU AND YOUR FAMILY...HYPERINFLATION IS COMING TO USA...IT WILL BE DEVASTATING...SAVE YOUR FAMILY!!! STORE FOOD AND WATER...AND INVEST IN HARD CURRENCY...GOLD AND SILVER...SELL ALL YOUR STOCK...ALL YOUR BONDS...IT WILL ALL COLLAPSE VERY SOON...JEWS ARE BUYING GOLD AND SILVER...RUSSIA IS BUYING GOLD..INDIA AND CHINA ARE BUYING GOLD AND GETTING RID OF US DOLLAR...WHAT ARE YOU WAITING FOR...DOLLAR IS ON LIFE SUPPORT...DEAD
WORLDWARIIIVERYSOON 7 months ago
Comment removed
digitalmook 7 months ago
what if the government outlaws gold and silver ownership? your value is going to be in a chip in your right hand or forehead. if you refuse one you are going to be an enemy of the state and terminated.
watchman001 7 months ago
@watchman001 The government is always slow to react. By the time it does something like that the people who are smart enough to be in gold or silver right now will have diversified into other things. The government cannot outlaw everything. There are many unintended consequences of such things.
bigboywasim 5 days ago
That cocksucker in Zimbabwe was installed by the CIA. He is a Zionist plant. As long as Talmudic values (lying, cheating, theft, murder) dominate our society we head toward disaster too.
slvrizgold 7 months ago 2
@slvrizgold Big Amen to that!
lostinthemix 7 months ago
I have a ZIM One Cent note dated 2006. I also have a ZIM$100 TRILLION note dated 2008. Quantitative easing, anyone? =^[.]^=
Raycheetah 8 months ago
GAH! Scared the hell out of me at the end there David!
survivalofone 8 months ago
@swtaxclients no I'm afraid you have a misunderstanding of inflation and hyperinflation. Also, The dollar is not measured in silver. As more dollars are printed, inflating the base money supply, more dollars are chasing after the same goods. That means prices rise because the dollar is less valuable. Gold and silver value has not changed in thousands of years. Nor any other goods. For example, gas is actually cheaper now than say 1950 measured against silver. I'm using my phone to write this so
thefink68 8 months ago
I got me alot of silver!
silverexplosion 8 months ago
why do people keep avoiding this question :
gold and silver is based in dollars correct ? i.e. ($35.35 per ounce silver)… this is the question: when the dollar collapses ,lets say down to 10 cents , wouldnt that mean that the VALUE of silver would be REDUCED to 10 cents per ounce ??….since the metals are based in dollars
swtaxclients 8 months ago
@swtaxclients in 1920 a one ounce $20 gold coin would buy a fine hunting rifle with a value of $20.00. Now in 2011, that same $20 one ounce gold coin, with a value of $1500, would buy a fine hunting rifle with a value of $1500!
The value of gold and silver remains constant. The money printing (inflation) decreases the buying power of the money.
If the dollar collapses, it will take trillions and trillions of dollars to buy a fine hunting rifle, or, you could trade an ounce of gold for one.
melardkey 7 months ago 5
I had lunch with with a Costa Rican fellow who receives his pension from the US and in dollars. He said there are places in Costa Rica that are refusing to accept the U.S. dollar as payment. The dollar has slid down against the C.R. Colon making things difficult for him and other people living off shore on fixed incomes.
Joeys48 8 months ago
I hope Robert Mugabe burns at a stake in hell when he dies!
angelmtza 8 months ago
that banknotes look like anyone can print them at home
EvanC0912 8 months ago
This has been flagged as spam show
ISRAEL "GRAVES" Prepared For BATTLE of GOG And MAGOG!! Ezekiel 39:11-13.VISION Of The ATTACK Of ISRAEL That Is Coming! Osama Bin Laden Dead May 1,2011/Hitler Dead April 30,1945 66 Years Apart!Another 6 is coming this year.Microchip-666 in hands and foreheads.Hell is real!Middle East and Israel conflict,WWIII?-Bible Prophecy!TO NON BELIEVERS REPENT SAVE YOUR SOULS.JESUS IS COMING,RAPTURE IS COMING! LISTEN TO PAUL BEGLEY IN YOUTUBE,HE’S BEING ATTACKED BY EVIL FORCES(Valera and others..)
TheENTERRAPTURE17 8 months ago
America should just use gold and silver in stead of that green piece of paper!
onelasttitan 8 months ago
invest in silver and gold before its too late
papermoney54 8 months ago
Good video, very clear by showing the bills.
RockTheOcean4me 8 months ago
This has been flagged as spam show
CHRISLAM: ONE WORLD RELIGION"ABOMINATION Of DESOLATION" Bible Prophecy!!VISION Of The ATTACK Of ISRAEL That Is Coming!Germany:E-COLI..Osama Bin Laden Dead May 1,2011/Hitler Dead April 30,1945 66 Years Apart!Another 6 is coming this year.Microchip-666 in hands and foreheads.Hell is real!Middle East and Israel conflict,WWIII?-Bible Prophecy!TO NON BELIEVERS REPENT SAVE YOUR SOULS.JESUS IS COMING,RAPTURE IS COMING!Get raptured not suffer the great tribulation.LISTEN TO PAUL BEGLEY IN YOUTUBE.
TheENTERRAPTURE17 8 months ago
any insight on Argentina ??
Ajusco1974 8 months ago
Thank you for the post David, very nice video and people that don't know this story yet will now. Have a good day David
cvenzke410 8 months ago
holy fucking shit!
Tomta20012 8 months ago
Please watch "Money as Debt 3, the Evolution of Money" -- I certainly own PMs, but it is NOT the answer for a standard -- no single commodity group will ever fix the problem. Money as Debt 3 has some great ideas for a new monetary approach -- it is a great vehicle to launch discussion on monetary reform. please check it out if you have the time -- 2 hours long and you will need to watch it 3-4 times to get your head around most the points made. moneyasdebt (dot) net. Keep stacking.
AuCanary 8 months ago
You filled this entire video with this Zimbabwe hyperinflation story--it's ancient news. Waste of time
IAmIsNigh 8 months ago
@IAmIsNigh How is it a waste of time? Showing how one's lifetime of work hours (if they store in currency, which is stupid) can implode in less than a year and a half to the value of NOTHING.
silveristhefuture 8 months ago
@mikailmari
that's right! just to be a milionaire is not enough... At least need to be trilionaire at that time... everybody happy... sooo cool....... happy and hungry.
Donattello1 8 months ago
They're using USD now, which means they're going to go through another hyperinflation!
peaceinliberty 8 months ago 41
@peaceinliberty
That's exactly how America will phase in a new currency when the dollar collapse.
hstone39 8 months ago
@hstone39
You're correct but any of the countries like China,Japan or the Middle east won't accept it. The USA will have to rely on itself to survive, as it won't be able to import anything .
MOONKNIGHT2007 8 months ago
@peaceinliberty I feel bad for the people in Zimbabwe.
xxxxLetsRidexxxxx 4 months ago
Ya can't print silver
MisterSilverBug 8 months ago
@MisterSilverBug KINDA.. not physical - lets be precise ;)
jenssdewalka 8 months ago
@jenssdewalka good point
MisterSilverBug 8 months ago
Paul, Think of buying that can of coke in terms of weight, instead of dollars. Lets presume that can of coke costs, right now, $1 or 1/35th of an ounce of silver. If the can of coke goes to $1,000 and the price of silver has risen by the same % amount (to $35,000/ounce) then it will still take just 1/35th of an ounce of silver to buy that can of coke.
The idea is that gold/silver maintain their purchasing power and your ounces will buy the same amount of goods no matter how much prices go up.
Reinwasser 8 months ago
@Reinwasser
Oh....OK.....so you dont really make any money then.
Maybe its good to use it to pay your debts, because the amount of your home loan stays the same in hyperinflation.
paulzeaiter 8 months ago
@paulzeaiter no intrest rates go up.
ovechkin100 8 months ago
Comment removed
Reinwasser 8 months ago
Comment removed
Reinwasser 8 months ago
whats the point of buying silver and when it goes to $10,000 an ounce, you can only buy a can of coke with $10,000?.....maybe David Morgan can answer this?
paulzeaiter 8 months ago
@paulzeaiter Silver and Gold never really move up or down it's the Dollar that changes, 40 yrs ago you could get a gallon of gas for one Mercury Dime and today you can get a gallon of gas for the equivalent of one Mercury Dime. See, Silver and Gold NEVER changed, the Dollar just shit all over itself that's all, it's what happens when Bennie and the Ink Jets print money out of thin air.
lostinthemix 8 months ago 24
@lostinthemix "Silver and Gold never really move up or down it's the Dollar that changes"
That's somwhat over-generalization, since the demand for commodities and for hard money (whichever you consider gold and silver - many would say they are both) can change based on velocity in the economy and other world events. For instance, silver dropped in value in the late 1800s when big mines were discovered out west in Nevada and so forth.
TheBullionBull 8 months ago
@TheBullionBull I should have said Gold and Silver are the only real money. peace Norm
lostinthemix 8 months ago
@lostinthemix you might wanna go and look at the gold in the market now..its now worth way more than the dollar...so might wanna re-think ur idea.
doomage101 8 months ago
@doomage101 It's not my idea, it's how the market works, i also bought Gold when it was $385oz and well aware of the profit i made in Dollars but i didn't buy it for profit i bought it to preserve my wealth or what's left of it.
lostinthemix 8 months ago
@lostinthemix Gas price in 1971 was .36 per gallon. Melt value for a dime in 1971 was .36 cents so, technically you're right however, todays melt value with silver at 36.45oz is 2.45 per dime. We can't get gas that cheap today. Your emphisis on gold and silver never changing is incorrect. The idea that gold and silver are store houses of wealth is true but, it is more fluid than you think it is.
Joeys48 8 months ago
@Joeys48 In april with silver at $48.50 the concept was right, even Peter Schiff made that comparison, however volatility has ruined the case of study.
angelmtza 8 months ago
@angelmtza That's true and reinforces my point that gold and silver are store houses of wealth but, it is more fluid than some of us make it out to be. Thanks for the comment.
Joeys48 8 months ago
@Joeys48 You're welcome, my pleasure.
angelmtza 8 months ago
@lostinthemix Silver is down 35% but energy. property tax and food are increasing. ps I like silver
UNTC321 7 months ago
@lostinthemix You're so right, although using a gallon of gas is a difficult comparison due to the added taxes that have piled up over the years. But, I tested it using an on-line inflation calculator and sure enough, it's damn close! I used to be able to get into the movies when I was a kid with just one silver quarter and one silver dime. Now, a silver quarter and a silver dime equals about $8.50 -- about what it costs to get into the movies! BTW, Coinflation has a great silver calculator.
politicoochie09 7 months ago
@lostinthemix okay then why is an ounce of gold at $1600.00 now and in 1998 it was only $300? meanwhile an ounce of marijuana still is and has been around $250.00 for ever since i can remember.
dbgelman 7 months ago
@dbgelman I don't no man, i don't smoke reefer, it's not a commodity everyone is into or needs.
lostinthemix 7 months ago
A good way to destroy a nation is to control the printing of all money and to just keep printing money. That also happened in Germany before WW2.
Bye bye USA economy
laurieannek 8 months ago
@mikailmari
and inflation will soar to 100'000'000 % every half hour :D
Donattello1 8 months ago
It would be cool if we (USA) could have a trillion dollar bill. I wonder who's face they would use? Washington? Bush? Bernanke? Paulson?
SilverDude7890 8 months ago
@SilverDude7890
Ben of course. I mean BIG BEN.. in hellicopter of course :)
Donattello1 8 months ago
what did the people in Zimbabwe do during the period? were they stupid or silenced?
lisajason111 8 months ago
@lisajason111
They dug for gold to eat bread.
RndmMexican 8 months ago
I have one of those hundred trillion notes, I didn't know they never circulated
ILovelisanova 8 months ago
in one and a half year!? OMG!!!
999silverhk 8 months ago
were did yo get the Zimbabwe fiat currency from mate? i wouldnt mind getting some
Regards
investornator 8 months ago
@investornator Just hold on to some US Federal Reserve Notes, you'll have a nice Hyperinflation collection soon without having to spend any money... :)
-TEW
theeastwatch 8 months ago
Just wait you can start collecting US dollars
ijustretired 8 months ago
@investornator I think you can buy them on ebay if I am not mistaken
TheSilverWatch 8 months ago