Posted on 07/21/2011 12:35:54 PM PDT by SeekAndFind
BTTT
Yeah, let me just crap $1600 for an ounce. I have that lying around the house. s/
So we should throw our savings into a precious medal that due for a correction? Forgive me if I don’t do that...or dump it into Chilean pesos, lol.
“This idea underpins the concept for the resilient community we’re planning in South America.”
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Galt’s Gulch?
Who is this “we”?
No, you should have been forward thinking and bought some physical gold and silver in the past few years. Then you could feel fairly happy with the appreciation of that portion of your assets. YMMV.
The proverbial rock and a hard place is coming. Just looking for a way to move sideways.
Maybe some silver then?
Price discovery in the Precious Metals is going to become keener once the HKMEX starts selling silver (i.e. tomorrow). The COMEX’s paper version of silver isn’t going to cut it for much longer. Seems like a good time to buy.
I just think it’s all hype. If there’s a true global financial crash, the gold won’t do you much good either...you can’t eat it.
Heard that was demonstrated in late-WWII Japan: knowing the mainland would get hammered, people bought up gold. When it did, there was nothing (to wit bread) to buy with it.
No matter what the dollar drops to, Gold and Silver will still be the only real money. Isn’t is strange that Greece the First Republic, and the first country with a monetary system backed with Silver and Gold, 2,000 years ago. Today is the country taking all of Europe and the U.S. down with their 0 based fiat money
And isn’t it possible that should we have a financial meltdown, the feds just would confiscate gold like they did under FDR?
So we should throw our savings into a precious medal that due for a correction?
The day I buy gold with my savings, everyone should sell theirs because gold will take a dive the next day;) I guess I was meant to be one of those in the long food lines or foraging yucca roots and wild grasses.
BINGO!!!!
The Fed will take it all away if the dollar collapses and it will be illegal to use it for commerce... and those rats will do it... you just know that they will... they did it before and they would do it again in a heartbeat.
LLS
More than possible, likely - even though such an act would cause the 70% of USD holders who are foreigners to immediately dump the dollar. It’s still likely because Democrats are not like normal folks.
FDR’s reign of terror managed to snag Gold left in safety deposit boxes (and also freely-surrendered Gold). The thing to do is make sure that your precious metals are not stored anywhere the Government can easily control/gain access to them.
“Today is the country taking all of Europe and the U.S. down with their 0 based fiat money.”
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Greece may be the problem today, but they are just the trivial opening act for the big show, which is the long overdue comeuppance of the American economy.
considering you can’t spell “metal”, I will take your recommendation with a grain of salt. =)
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