Posted on 10/01/2018 6:57:57 PM PDT by NRx
“Silver is how you buy food and gas in all trading economies.”
That’s right! Morgan or Peace cartwheels will always trade as coin of the realm.
Gold? I’m a big student of 1920’s German hyperinflation; relatives were sending my grandparents million mark notes & were begging for greenbacks. When they later went Nazi, Oma und Opa told them to bleep off. Anyway, Germans who held gold took a train to Switzerland & turned their gold into Swiss francs which they took back to Germany where anyone would accept them in payment which made inflation even worse.
We don’t have the luxury of a border country with a currency sounder than ours. Canadian dollars? Ha!
Keep some junk silver in reserve but invest the rest wisely, is my advice. Thank God for Pres. Trump, is my prayer.
Gold is gold.
Lead will get the necessary items every time.
Worth the weight is a reletave term...
Betcha it is. If you had put some of your Bolivars into gold or silver any time before Feb., 2018, you would have preserved a lot of your wealth. The below chart represents the US dollar vs the Bolivar.
I doubt that kind of craziness would happen here, but I feel it is prudent to put 10% of your wealth in silver and gold IN YOUR POSSESSION.
OK, enough of this. In this scenario you are going to kill everyone to get things you want? You want to dig a garden and need a new shovel and some seeds, so you are going to kill to get it? Really? How long before a posse is formed to hunt you down like an animal?
BINGO !!!
9x19 will be easy to pick up.
SSSHHHHSSS did i say that?
Junk Silver,,,
Hey Buddy, can you Spare a Dime?
No, did you take into account anything but the size of the debt?
If you think gold has been muted it can’t compare to how silver has been monkey-hammered for the past 40 years. Unlike Gold, Silver is more of a industrial commodity while Gold is mostly horded.
As we enter a new tech-age, silver will be in more demand for electronics, medicine, solar panels, anti-microbials and so forth. Used in small amounts it’s rarely (if ever) recycled. There will come a time when the surface deposits will be tapped out.
At Sub $15, silver is a steal. Any lower and the mining companies will go under.
Would like to know how much India, Russia, China and JP Morgan are hording.
Just remember the inflation we had in the 70s which was attributed to printing money to pay down the national debt. It could happen again.
...
I would think that such an imminent possibility would be indicated by the bond market.
Yeah, $21 trillion an a economy about $11 or $12 trillion.
I’ve been there too. But, it’s been about 10 years.
And yes, they are VERY beautiful. But, traveling there right now is just darn near impossible. We don’t allow our sales team to go there. Not even our Brazilian folks.
Heard of that song all my life, only listened to it recently on youtube.
Described my grandfather to a T; immigrated then enlisted in 1917 as a 100% American, then went back to work as a coal miner/dynamite handler, lost his job, collected his bonus in 1935 & bought a house while getting his boiler operator license. When I came along they lived well & a visit to my grandparents’ was better than Disneyland.
Never forgot that the working class was decent, patriotic, and respectable. Their shrines were the church, the VFW, and the Eagles lodge, Aerie 1506.
When interest rates are close to zero there is no penalty for holding gold. Once rates rise enough to reward you for saving that will change.
Who pissed in your Cornflakes? I know that it wasn’t Me.
WTF ??? I never said that. I’m going to let You Sleep off the Adult Beverage(s) that you consumed this Evening and you can get back to Me later.
Sweet Dreams 😜
What I said.
Gold is gold. Lead will get the necessary items every time. Worth the weight is a reletave term.
Hi! I'm William Devine. I already own all the gold. You're too late, so piss off!
I’m not sure gold is cheap, but platinum is the same price today as its low of 10 years ago, and down 60% from its high. A lot of that has to do with other metals taking over platinum’s place in industry, but it’s still low, especially compared with its competitor, palladium, which is way high (manipulation?).
“in the late 1960s the US’ federal deficit exceeded the value of the gov’t gold reserve, and there was no viable option apart from the US dropping the arbitrary fixed gold price”
It wasn’t the federal deficit. It was the number of dollars being held outside of the US that exceeded our gold reserves. We were caught in the Triffin Dilemma, which was a combination of the US dollar being the world’s reserve currency while the US was engaged in major foreign policy initiatives, civilian as well as military.
When the Bretton Woods Agreement was being set up Keynes had warned us not to make the dollar the world’s reserve currency, but to instead use the “Bancor”, something along the lines of Special Drawing Rights.
It doesn’t hurt to have a little gold in your portfolio as insurance. Any funny business with China, the Middle East or oil prices and watch it jump.
My younger son has been doing well on finding scrap silver and gold jewelry at thrift stores lately.
Last Saturday he paid $5 for $180 in gold and silver. He takes it a friendly coin shop that will scrap it for 20% and them swap him the balance in bullion or junk at spot.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.