Skip to comments.Max Yemets--More On Living Through Hyper-Inflation & Buying Gold and Silver--12.Apr.2012
Posted on 04/12/2012 11:48:14 AM PDT by appeal2
Max Yemets was back on talking more about hyper-inflation and how debts get destroyed. He told the story of how his father took out a loan to purchase a bicycle back in Soviet controlled Ukraine. It was a large loan by their standards; but when hyper-inflation hit, his father was able to repay the loan for virtually nothing. There's something instructive about this scenario, and history could very well repeat itself. Imagine having a large mortgage that you get to pay back in greatly depreciated dollars.
Max believes that if you aren't buying metals now, you should be! He suggests starting out small with pre-1965, US, 90% silver coins. Buy a few Quarters for around $6 each. Pretty soon, you'll just intuitively understand what real money is all about, and you'll know exactly what to do.
Listen to the Interview Here
if you're willing to pony up $6 for a pre-65 quarter... you might as well by a 1 ounce silver coin. no confusion.
having a couple of monster boxes of silver will help purchase the little things. the rest in gold coins. you will be able to see 1 gold coin in exchange for some number of silver coins. just how it's always worked.
today, 1 gold coin is about 52 silver coins
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