PART 2 Dollar Collaspe, Gold, Silver, and Unsustainable debt. 9/11 economic update
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Lol,Love it.
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Lol,Love it.
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Lol,Love it.
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@iam4u2cl8er - Silver's the neglected stepchild of the precious metals world. I believe precious metals are a great way to store true wealth in a small, compact space but it concerns me that I'm buying this stuff for shit-hits-the-fan kind of times and in a time like that the industrial value of all this stuff will be nill (because there will be no industry) so all that's left to give it value is it's name and the fact that it's pretty. I'm a guy. I just don't the point of jewelry.
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@ScubaSteve1974 Hey I have lots of Silver...LOTS! I think it will be worth (atleast) its weight in food! Screw the "pretty" value, it is a safe haven for our families so that people who do have food and guns can trade with you for silver. I think Silver and Gold will allow people like you and I (who are buying metals now) to survive the upcoming economic crash! God bless!
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@iam4u2cl8er - In Zimbabwe gold and silver still have value because there's still a lot of global demand for them. Zimbabwe is basically irrelevant, but the US isn't. If the US collapses imagine what impact that would have on the rest of the world: it could cause everything to collapse. If I'm saving my metal for days of civil unrest then I wonder if a post-America world would value these metals while chaos reigns. Without industry, they're valuable because they're pretty. That's the truth!
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@ScubaSteve1974 Tell that to the people in Zimbabwe who mine for a gram of gold a day in order to feed their families. Gold and Silver are going to feed your families. If you are not saving your own precious metals...you are not preparing for the future of your families. I am saving silver to the extent of 50% of my income in it. And sometimes I dont think that is enough. Prepare yourself.
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That surely will just increase the value, it's price that reflects the demand is it not? Besides I think the point is that silver is always going to have a value, unlike the dollar which might not even exist as a currency in a few years.
Basically from what I can tell, the break with metals and currency has caused too many problems, so they are intending to go back. + it also appears that america has conned the world borrowed too much, and now wants to dump the dollar and not pay
There isn't enough silver to cover demand, so fractional selling of silver is now the norm. Most people buying silver are speculators, so they never need to see it, For the end user, this commodity is often no more than a computer-generated hologram, for which people pay warehousing and insurance. The silver market is as rotten as the money market. If it's not buried underneath your floorboards or under the patio, you're probably holding a warm turd.
flyhead2 2 years ago 12
No, which is probably why my post was not in defense of the dollar it was questioning the value of putting my wealth into something that has value largely because women like using it to make pretty things.
I consider my metals something for the days when "the s*** hits the fan", but when that happens they'll be totally useless. Women will be more interested in food than looking pretty, and the other uses of these metals won't matter because the s*** has hit the fan!
ScubaSteve1974 2 years ago 2