Gold and Silver protects your assets from inflation

Clip from the documentary Fiat Empire explaining inflation, monetization of debt and why gold and silver will protect your assets from inflation.

Category:

News & Politics

Tags:

• gold
• silver
• bullion
• investment
• precious
• metals
• store
• edward
• griffin
• max
• keiser
• coins
• fiat
• empire
• money
• creation
• peter
• schiff
• jim
• rogers
• ron
• paul
• gerald
• celente
• economy
• depression
• recession
• dollar
• devaluation
• commodities
• stock
• market
• crash
• federal
• reserve
• bank
• banking
• doom

[anyname666]

hey I just listened to this thing again WHERE did this guy get a price list on Togas and belts from 1000 years ago?? Can we see the price list how much was a hat?? And how much was a toga in dollars at the time>>>??? When you went to the cloths Cave 100,000 years ago how much was a fricking hat. How come over the past 3 months the dollar is going up and Gold going down? There is no consistency all your la-de-da spending comes out of your pocket inflation also affects your hourly wage

[anyname666]

@jgfergus

You are right silver had doubled in the past year and gold is up 25% in the past year.

I will not buy real estate unless it yields at least 24% a year. so We are even on the gold but u r ahead on the silver.

I imagine that u must have been doing this for a long long time. Say since the 1980's

During that time my RE investments Octupled & I drew in 360 months of rent at 2% per month of my purchase price

U on the other hand have had gold for 30 years & it is just now going up. tsk! tsk!

[anyname666]

@PreciousMetalsStore

as it turns out. For a LANDLORD inflation is our friend. whatever happens affects my equity & the amount of rent I charge to live in my property. If the dollar was cut down to 10% of its current value. My buildings would be worth 10 times more than they are now and my rent would go up 1,000%.

with PM's u have to hope tht those who manipulate the PM market keep doing it.

Someone dropped the ball in the 1980's 90's & 2000's and PMs lost againt the dollar

[PreciousMetalsStore]

@anyname666

Are you even aware of the 16 trillion the Fed loaned out that we were not told about? This was revealed in the watered down audit that was done. That is a DOUBLE of the money supply. A lot of the money went to European central banks. Not affecting prices here yet... but those dollars will eventually make it back to the US and it is not going to be pretty... and if you think they are done inflating the money supply you are kidding yourself. It is QE to infinity.

[PreciousMetalsStore]

@anyname666

It wasn't asking because I didn't know so I don't need some hack keynesian economist to explain it to me because most of them get it wrong as well. At least you did get it somewhat correct. Inflation is the expansion of the money supply... period. Everything else you mention is just the net result of the inflation of the money supply. There has been massive inflation of the money supply the last few years. The rise in prices (including silver) is coming.

[anyname666]

goto futures.tradingcharts(DOT)com/­historical/SV/1980/1/linewchar­t.html to see a chart of 5000 oz future silver prices in 1979 through january 1980 it only shows the closing prices. Mid day one day in January ( I think it was the 20th) it hit $55. Anyone who bougth it then and is holding for the "long run" is very sad 32 years later. Putting your $55 in a tin can would have been better than buying silver at $55 32 years ago.

[anyname666]

@PreciousMetalsStore

inflation is when buying power of dollars, gold, or promisary notes buy less product than the year before-for what ever reason. It could be rising prices, decreasing size of product for the same price or expansion of $ supply & once again it has gone on since cave man started using flints, arrow heads & puka shells as money. Any economist can explain it to u. I would rather suffer 3% inflation of my dollar each year than 21% loss in my gold in 3 months~labor is the villain

[PreciousMetalsStore]

@anyname666

I don't need a "quick lesson" from you. So what IS inflation? Rising prices is not the correct answer. You don't seem to understand that.

[anyname666]

@PreciousMetalsStore

Just a quick lesson~

the dollar loses purchasing power every year - it has lost every year since it came into existence.

AS labor asks for more $'s the price of everything expands with increase in wages & that is never going to stop. In the meantime holding PM only keeps up with inflation at best (yearly~decade~volatility aside)$55 in 1980 & $28 today. Minimum wage in San Francisco has hit $10 what do u think that will do to the price of bread & rent.

[PreciousMetalsStore]

@anyname666

Yes, and that is exactly the point. As Bernanke continues with QE to infinity and the dollar loses purchasing power, my silver does not (day to day volatility aside) To me it is money. If I need cash I can turn my silver into dollars inside of an hour... just as quickly as going to the bank and making a withdrawal. I do expect silver to far out gain inflation in coming years due to industrial silver shortages... but that is another discussion.

[anyname666]

@PreciousMetalsStore

peep peep peeeeeep It has already been to forty & back again

hell it was at $55 in Jan of 1980 ~~32 years ago.

Glad u r in it for the long run - in the mean time u really don't make any gain. It seems like it when you compare the 1999 numbers with the 2011 numbers but as I have said many times when u buy 100 oz of silver & hold them for a short time or 1000 years & then u sell them u can only turn around and buy back the exact same amount of Silver

[PreciousMetalsStore]

@anyname666

Doing just fine... getting ready to buy 500 Silver Eagles. Factoring in my purchases at 6.25 (most was at this price), 16 and 28... my dollar cost average price is 11.34/oz. I could care less what the short term price is... I only care what the price will be in 5 to 10 years. Not in this for the short term. Always love these dips so I can grab some more. I'm sure I won't hear a peep out of you once it's back in the 40's and beyond.