Ping.
I always laugh when I hear gold commercials now.
Silver is a better bet. It’s not that expensive and if you’re a prepper it makes it much easier to deal with.
"dware, a hundred years ago, an ounce of gold would buy a person a nice, tailored men's suit. Today, an ounce of gold will by a person a nice, tailored men's suit."
It always amused me how gold dealers were always so willing to take my “soon to be worthless cash” in exchange for their “stable value” gold.
Precious metals will not truly increase in value. It will instead be that it will require more fiat dollars to purchase them.
If the fiat dollar loses most of its purchasing power, it is not hard to image that precious metals prices (in fiat dollars) could increase dramatically.
The indicators suggest that the precious metals stocks have just reached a breakout point. Certainly a good day today, although things have pulled back a bit from this morning.
Due diligence. . . .
Because the myth that gold has “intrinsic” value completely ignores history and why gold was used as currency. The fact of the matter is that all money is fiat money, some of it is just prettier.
Goldbug ping.
“The Market Oracle”?? Seems pedestrian enough to write articles and not rich enough not to.