Posted on 09/08/2011 12:18:53 PM PDT by Errant
No countries will be kicked out. None can afford to. You will see a sister currency to the euro such as “euro light”.
Certainly silver - my silver investment has quadrupled vs gold at a double.
I'm hesitant about investing in industrial metals like copper as I feel we'll see a major deflation followed by inflation in some commodities. Prices of each will depend upon what the economy is like or what's in demand at the time.
Copper (or anything real) certainly sounds like a better investment to me than fiat or bonds. I've been wrong before.
For traders, of which I no longer am one, it must be almost like taking candy from a baby...
[ —the one hard currency left: GOLD—
What about silver and copper? Just wondering... ]
May not be applicable to Europe, but what about Lead and Brass?
Gold $1,869.10 $1,871.10 ^$51.50
bump.
My biggest problem with precious metals is that it is very easy for me to buy it, but selling it is like lopping off a limb. I see VERY bad times coming and getting rid of metals, even when there has ben a recent spike, is like selling my future.
I don’t own precious metals as an investment. I see them as a major facet of my family’s very survival.
—May not be applicable to Europe, but what about Lead and Brass?—
I don’t talk about those metals much. I’m keeping that particular info close to the vest.
Well, he has exaggerated it.
Things are going to be more local everywhere. Such as the food we eat and the products we use.
That's just nonsense. Even were the Euro to end (doubtful), the division of labor and comparative advantage would not.
The Obamaite nailed inside trader speaks such wisdom. We should all listen!
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.