If/when the SHTF the precious metals are not going to be denominated in the US dollar, or Euro’s or any other currency they will be denominated in the price you could get in the third world. These outfits encouraging folks the buy precious metals are just out to take folks money I'd hope conservatives would see through their scam...
so i hang onto dollars instead?
and in the SHTF scenario, what will the 3rd world types give me for my antique american dollars?
answer: nothing but laughs
even if the country doesn’t crater in the next 2 years... just using basic economic outlooks... what, exactly, is this administration doing to strengthen the dollar?
answer: not a thing
the only thing that will make me reconsider holding physical would be... Sarah getting the nomination. that would be a sign that there is a chance the dollar could get stronger. (romney will just grow govt more... which makes the dollar weaker and gold more expensive)
“Ive been a gold bug since the early 70s. The precious metal are in a bubble, they will crash but I don’t know when.”
When we stop printing money and monetizing our debt. You might have a long wait.
I had an Econ 101 professor tell me the same thing in the early '70's. After class I asked him about this and he cited oil, frozen orange juice, cattle, and a few other commodities as evidence that his statement was correct. My response was that the commodities he cited had a relatively short shelf life. Oil, cattle, and OJ are bought and used shortly after being placed on the market, but precious metals are a stored commodity. The silver teapot made by Paul Revere is still around as are bars of gold mined by the Incas. Oil, drilled by Rockefeller, not so much. Not to discount the many industrial uses of silver, but it is stored in much greater percentages than OJ. The cost of mining precious metals are and throughout history, have not been the determining factor in their prices.
I was just a stupid kid who saved the silver dimes and quarters I came across in the hopes that they would hold their value a little better than the paper dollars in my wallet. I got a B in the Econ course, but in the end my argument is the winning one today.