To: mylife
I am starting to eye silver.
Given the magnitude of the potential deflation on the horizon (possibly coupled with hyperinflation -- this is not contradictory), holding onto wealth is a real challenge. All of these bubbles will unwind, globally. Historically, these things happen fairly rapidly, once the unwind gets going, although they generally stay inflated for a long time after everyone knows it's a bubble. Silver looks as good as anything, which is to say: who knows?
Personally, I think bitcoin could go the way of the pet rock at any time. It won't ever be a real currency, and as soon as everyone starts dumping bitcoin, there is no floor other than zero.
The most important thing to remember is that what gets artificially inflated in price (usually via artificially easy/low cost credit, or degradation of accounting rules) must come down, no matter how many people insist that "this time is different."
To: jjsheridan5
(possibly coupled with hyperinflation -- this is not contradictoryYeah, it's inherently contradictory. There can only be one or the other.
44 posted on
12/07/2013 4:25:56 PM PST by
BfloGuy
( Even the opponents of Socialism are dominated by socialist ideas.)
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