And why not? The entire world financial system is on the verge of a collapse. I realize most of you are just going to LOL because you see the stock market booming. Economies grow forever, right? This is the best video I've seen that lays out exactly why you should own gold and silver in an hour and half. Scroll to about 1 hour 22 minutes and watch for the next 2 minutes if you want to get straight to the point. Gold and silver truly are the only true forms of money. We could have a good discussion on certain cryptocurrencies as real money, but there's something to be said for physically holding my money IMO. At $16.72 for an ounce of silver, you're a fool not to own any. Please take this seriously. Don't take my word for it, do your own research. http://didthesystemcollapse.com/ "Real money is Gold and Silver. Paper money only started having value because it used to be backed by gold several decades ago. Now it's backed by nothing except mass delusion and geopolitics. "Since the 2008 economic collapse, central banks around the world have overdosed on financial stimulus and printing money out of thin air. They have artificially suppressed the prices of gold and silver to keep the dollar delusion going. On April 19th 2016, China locked in the dollar's death by launching their own gold price fix. For the first time in modern history there are now two prices of gold, one in the Chinese yuan and the other in the dying dollar. If the West were to raise the price of gold, it would kill the dollar completely as it would prematurely instigate the inevitable mother of all safe haven panics. If the East were to raise the price of gold, it would drain the West's gold reserves due to arbitrage. This would expose the West's fake gold market and kill the dollar. Doing this prematurely means the East could no longer buy gold for themselves at heavily undervalued prices for their post-collapse monetary dominance. The eventual endgame is that the price of gold skyrockets and the dollar permanently collapses along with the global banking system and modern society as we know it. Black Friday will be everyday as the masses murder each other for a peach pit. This is sure to happen anytime between now and the end of 2018. Don't believe it? We'll find out soon."
Also I'd just like to point out the absurd NBA salaries. Ryan Anderson $17 million? Really? Where exactly is that money coming from? Has the NBA really become that popular, or is that currency really a sham? Hint: it's a sham.
If all of the worlds markets crashed. Money was worthless. And the crash ended up being much worse then 2008 I'm not sure silver and gold would save you at that point.
Right? Your main concerns in that situation aren't going to be purchasing goods and services, it's going to be avoiding getting murdered or starving to death.
It was my second favorite game in the series. In fact, I originally bought it in Japanese. Great game. Loved all the new pokemon they added too.
Pretty much this. If Gold becomes this significant, we got bigger problems. It reminds me of those who wish to build doomsday shelters. If anyone knows you have one, you'll be the biggest target in the region.
You can stockpile on gold and silver, and in this doomsday scenario where the entire fiat system collapses, you will be shot and killed by the guys who stockpiled guns instead. In all seriousness, please for the love of god take a basic macroeconomics class.
Just waiting for the OP to start a "Which of you are traveling for the holiday weekend thread?" to compare poster replies and rob away. Brilliant Think its good to own some PM's as a hedge but if things turn all Mad Max then you would be better off with a garage full of airplane-sized booze bottles and cigs
definitely. Don't be like dumb drug lords and bury your paperbacks then be surprised when the bills are decayed. Gold and silver you can bury in a trunk.
I don't have to be prepping for Armageddon to do that, do I? And I've never seen a booze bottle the size of an airplane, I'm gonna need a bigger garage.
I don't really own any silver or gold, but I do pay attention to my change or should I say coins. I find a few from before 1964 every now and then.
Geez, no. Gold and silver are commodities. And their values can go up and down like crazy. You can just as well stockpile oil or zinc or burn cream. Gold has the benefit of not spoiling like pork bellies would, of not being dangerous like uranium, and being easy to store, unlike natural gas. However, it's use value is pretty low if the apocalypse does come. You can't run your car or power your generator with it. You can't eat it. You can't shoot people with it. You need some kind of market to still exist to extract anything useful out of gold. The real sources of wealth creation are real property, assets (machines, raw materials), education, and labor. If you really expect the economic system to collapse, invest now in your education to make your labor as valuable as possible, buy some land and the assets to make something useful for trade -- but also buy some guns because no one is going to care about your title when civilization collapses. Oh, and keep a good, broad network of friends.
