Life After Gold & Silver becomes TRUE Money!

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Are Gold and Silver a GREAT investment? If so, for what time frame...in the short, medium or long term.
Is gold investing all about timing? And will a time like the early 80s when Gold and Silver crash come again?

Many believe that We all know that we are at the stage where ALL governments around the world are printing fiat money to such an extent that Gold and Silver have nowhere to go but up.

However, my question to you all is...what will this world be IF and WHEN there is a collapse in fiat money? How will we go about our daily lives? Will gold and silver be the new medium of exchange? Will it be safe to trade in gold and silver if only 1-3% have enough to trade?

Your comments will be greatly appreciated!

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[frgtmygld]

Actually, Zimbabwe is an interesting study. When their currency completely collapsed gold became the only money because the country was operating under currency controls.

Since the collapse they have had to put an end to the currency controls and now use US $, euros, and other currencies. Things have gotten much better.

Those with gold were able to bridge the gap and are now doing well against the remaining fiat currencies.

Google: Alf Field Zimbabwe

[Vicryl007]

Stock up with lots of food and water,, and most importantly Guns, guns and lots of ammo!!

[MrDell67]

seeds seeds seeds will be better then that shit gold

[mcrem32]

I stopped at 4:53..... Ok lmao when paper money becomes worthless.... The people with gold and silver won't be buying cars and houses cuz 95% of the people in the world have no gold or silver, and it will be total anarchy/mayhem! Stupid fuck! My god think about it

[pdxeddie1111]

@pdxeddie1111 wanted to add as far crime, it will have an initial surge as the police will be few but as it goes on people will get tired of it and it will become like the wild west where violent criminals will be dealt with citizens themselves. umm lynch mobs and firing squads, it wont be a good time for the criminals

[pdxeddie1111]

depends walmart will probably close down in a hyperinflation period because thats what happens when the currency goes to crap then the black market takes up the slack. If you buy stuff thats half the value of say half oz of silver which would roughly 20 bucks you could take change in silver quarters or dimes or even regular change copper, silver and gold will stabilize to the point where people will know what they can get with it. its just adjusting to a new medium of exchange.

[pseudoprodigy]

It's basically gonna be a street side craigslist add as far as the eye can see. Guns, "Precious Metals", Food / Water are going to be Non-Negotiable if you are foolish enough to trade for anything else. Riots, Looting, Mugging will be a daily battle. After a Month or so global population will reduce by more than half (starvation as the highest contender) and the 1% elite will be under Denver airport like Umbrella Corporation in Resident Evil.

[JohnnyHorton]

Are you sorry you sold your position?

I think there's still lots of time to get back in.

[NuclearSiege]

If you have a lot of money to spend- $10,000 or more in precious metals I would buy 80% in 10oz bars and the rest in small coins and junk silver. That way you can have something that holds a large amount of your wealth and then a smaller amount for everyday transactions. In the end i dont think anyone is going to have a problem trading silver for a good. The seller would be an idiot to not take it.

[JohnnyHorton]

why did you sell your gold if you think there's going to be hyperinflation?

[billnipp]

Guns and food

[Theajtinoco]

Gold will be used like before with paper currency being tied to a gold standard hence forth the governments would then reprint different currencies and back them buy gold once again. For the people who have gold to trade in for this new currency well lets just say things will be better for them.