Posted on 02/15/2009 9:48:31 PM PST by TigerLikesRooster
....The dollar is simply a piece of paper....
More precisely, the $$$ is but an electronic blip on a hard drive. The paper is a representation of that blip that enables off ledger transfers.
Gold is a refuge. Some may seek comfort and return to gold by trading blips for the age old standard
“So how do I know gold isnt in a bubble or overpriced right now?”
Answer this question to yourself — Do you believe a bankrupt government would resort to the printing press to prop up the illusion of a functioning economy as long as possible and postpone the day or reckoning? Would a desperate government attempt to pay down debt using new money that cost nothing but ink? If you think so, then know that gold will reach astronomical heights in inverse relation to the dollar’s value.
The government will run the printing presses night and day to inject new money into the economy. The dollar’s value will be diluted unto worthlessness. Think of the Weimar Republic or Zimbabwe.
Debasement of money is a favorite tactic that goes back thousands of years — don’t you believe the current corrupt politicians are above doing it.
Hi: I went to website but could not figure out which old silver ones were priced at $12.50. I am a precious metals newbie. Any assistance would be appreciated. Thanks!
Fearing the worst, stocking up on goods that can be "bartered" is advised.
Think small bottles of Bourbon...etc. The street value on booze should be good for gold or food.
sw
LOL. I can't use the web site either. I just go to the store to look around.
Coffee, chocolate and probably sugar will eventualy be good ones to barter too.
Gold bashers won’t like this comment.
There are no dividends, but at least it doesn’t evaporate like my mutual funds have the last few months.
new money that cost nothing but ink?
That’s the expensive way. Today they just keep pushing the Zero key on the computer. It’s,much faster, and cheaper.
Friday I bought old US silver (90%) dollars for $12.50 each.
Go to the http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?catalogId=10001&storeId=10001&categoryId=13238&langId=-1&parent_category_rn=10191&top_category=10191 and buy your silver in the bag.
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