Uploader Comments (whygoldandsilver)
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Pretty cool how he said when gold is at $1500 and silver at $50! great prediction
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@hfb89ify Hey I think that he is referring to studying how finances work on your own, finding reliable sources to work off of and learn from. I don't think he is really saying go out and get a degree in finance. From my perspective, learn on your own, talk with your family about it and with those friends that may know more than you. One negative about gold and silver is that they don't pay dividends and they are not as easy to liquidate as stocks/ bonds. mutual funds.
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If we have hyperinflation like in Zimbabwe, wouldn't it be better to keep those metals?
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@redzeli1989 PS: I forgot to add: everything relative to gold & silver will be in deflation. So to conclude: people with cash/dollars will see huge inflation. People owning precious metals will see huge deflation. Therefore they will be able to buy up things much cheaper.
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@redzeli1989 Well, since you get a lot more paper money at that time, you can buy a lot more with your gold or silver. Or it could even be possible that people will accept silver and gold directly as money for their goods.
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@redzeli1989 u articulated my thoughts dude....
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What is this world going to? 14th century europe?
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@redzeli1989 With a bit of luck, gold and silver will be legal tender by then! ;)
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@bandcreator28 In a hyperinflationary environment - and in a deflationary environment, for that matter - the cost of living relative to income rises dramatically. Even with wage inflation, income always lags behind the cost of food and energy. There comes a point where something has to give. When a family can no longer feed themselves, or stay warm, the last thing they can afford is an increased mortgage or rent payment. This produces a downward pressure on house prices, relative to all else.
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@bandcreator28 In a hyperinflationary environment - and in a deflationary environment, for that matter - the cost of living relative to income rises dramatically. Even with wage inflation, income always lags behind the cost of food and energy. There comes a point where something has to give. When a family can no longer feed themselves, or stay warm, the last thing they can afford is an increased mortgage or rent payment. This produces a downward pressure on house prices, relative to all else.
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what i don't understand is, when the price of
gold and silver does hit the roof and the
paper currency collapses in value .. what is
the point of selling the gold and silver
to get money (inorder to buy real estate and
stocks) if that money is by then worthless!!
Doesn't make any sense!! What am i missing here??
thanks for the great info, ive started investing myself....im up to £2250 at the mo and i intend to keep it growing!
becij13 3 months ago 3
@becij13 That's great, don't measure it in currency though. Measure in oz or other tangible assets. Currencies lie.
whygoldandsilver 3 months ago 10
you said get a financial education. where should i be looking for that education
hfb89ify 9 months ago
@hfb89ify read. watch. learn. turn off your tv. The free newsletters from Mike's websites have a wealth of information
whygoldandsilver 9 months ago
@whygoldandsilver. thanks for your help. i'm educating myself slowly, just wanting to accelerate the process. anything you would recommend apart from Mike's newsletter (i just subscribed ... thanks). Mike talks about indicators and confirmation indicators like house prices in gold/silver. what are the other ratios? ... where can i educate myself on them?
i'm in Australia. and i really want to know how i can apply this theory to this economy.
hfb89ify 9 months ago
@hfb89ify The best website for learning about the Aus situation especially in regards to the real estate bubble that is about to pop is dub dub dub dot who crashed the economy dot you know what
whygoldandsilver 9 months ago