Time To Accumulate Gold And Silver

The Daily Reckonong ^ | 5-1-2012 | Jeff Clark

[montanajoe]

I am saying that the worth of this asset that is and has been in a bubble for at least 10 years will be denominated in what a third world economy can support after a susscssful nuclear biological cyber or or chemical attack on the country.

Precious metals are a poor long term investment...

[blam]

How The World Economy Changed In One Month

[sten]

if you say so

i like holding onto my buying power... i’m less concerned about ‘investment’ and more interested in ‘preserving’

in a world where they are devaluing the dollar as fast as they can... gold is one of the few commodities that will hold it’s value. by ‘value’ i mean buying power.

i may not have got 5 times my ‘buying power’ in the last 10 years, but i’ve definitely been able to get 5 times my dollars.

of course, 500% increase in dollars would be a great investment... if the dollar wasn’t also being cratered at the same time.

[Terry Mross]

I’m not smart enough to agree with you or not in the gold argument. But I agree 100% with you that those who want us dead out number us. The only way we could ever win this “war” would be to nuke the crap out of all of them and there’d be no one left but us. Then who will we sell our goods to?