Why Physical Gold And Physical Silver ?
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As the guy in the end said. barring a worldwide collapse and catastrophe, silver will do really well. So silver is not going to do so well..
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gosh i used to think this guy made sense till i start hearing him say stuff like that.
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Is Silver still worth buying at $40/ounce? I've heard some sites say it could go over a $1000/ounce, comments please!!
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thanks brother I will
and yes , I too am in the loop.I am buying all the gold and silver I can.
By the way , have you been following Platinum?
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@NYWAORCANZ Watch "Gold for bread" it illistrates what happened to Zimbabwe when it suffered Hyperinflation. More importantly it shows that owning gold prior to the collapse of their dollar was a safeguard against Hyperinflation. ie you can move to a less effected country and still cash in your wealth as golds value is the same around the world. However if you owned cash you would be broke. America is currently heading toward Hyperinflation as it's debt is spiralling out of control.
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what is happening in Zimbabwe and why is it important to th e rest of the world?
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@rickrocker IF you had all your wealth in gold prior to zimbabwe suffering hyperinflation you would still be rich because you gold would actually be worth more. ie you could move to America trade in your gold and buy a house, whereas if you just had a big bank account with a million dollars in it when a million would buy you two houses you could now only buy a can of coke so you are poorer. It's about wealth preservation not getting richer.
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great vid! I just subbed. check out my page if you like.
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@rickrocker Because the gold and silver will be able to be used as a currency....
I think its worth buying some gold & more silver whatever you can afford to buy & just hide it away for the future for your kids.
Buy industrial grade 999 silver at the best price you can but hold onto it, dont expect big gains overnight but its a good robust investment which will never be worth nothing. Mine is worth more than i paid two years ago and cash in the bank would have made nothing.
09SRILANKA 2 years ago 12
@zardcat1111
With hyperinflation...in equal dollars, is could reach millions of dollars an oz...look at Germany in the depression. 1 oz of gold was worth trillions of German marks.....
Buy gold now, and when the dollar crashes, we will be among the richest in the US, even with a modest amount of gold you own....now is our chance to be at the top!
DeathOfTheDollar2010 1 year ago 7