Posted on 02/17/2012 2:48:43 PM PST by appeal2
Chris Duane and I sit down after an enormously successful roundtable with David Morgan to discuss the market for enlightened free thought. While things on many fronts appear to be getting worse, and freedom appears to be under every increasing attack, more and more people are coming to understand the failure of the current economic and political paradigm and are seeking answers. That's why Chris, Sean (SGTReport), BrotherJohnF and so many others are finding ever larger audiences for their ideas and answers.
As Chris explains it, the BabyBoomers--of which yours truly is a member--are about to go down the economic river without a paddle. People who just a few years ago were looking forward to a comfortable and dignified retirement are now facing a lifetime of toil and hard labor. Retirement nest eggs have been devastated. According to Chris, the only hope is the immediate purchase of 1000 ounces of silver. Once the dollar experiences its ultimate demise, this amount of silver should be the ticket to many retirements, in style and with self-respect. While the future price of silver is always a matter of conjecture, its past increase has been meteoric, going from $4 per ounce a decade ago to $33 now.
It always comes down to the gold bug, doesn’t it?
Gold, like houses before and dotcom stocks before that, are the only safe bet. Gold (and silver) will always, only, and forever appreciate. Because “it’s different this time”.
It always appreciates when measured against an inflating currency. That’s not making money, it’s breaking even. Which is not a bad bet, if you are hedging. It’s not good if you are trying to grow wealth, but what do I know?
One can’t eat gold and silver.
During the economic collapse of Argentina, how useful were gold and silver?
Why can’t people understand. Gold /silver is a way to preserve wealth for when the SHTF is over; not be used during SHTF. Guns, bullets, food, booze to barter during SHTF.
Mis-leading.
Silver went from $4 to $48! and THEN to $33.
Actually it depends on how they were held. This blog is a good beginning if you wish to read up on the subject: http://ferfal.blogspot.com/
Hmm, even without the economic mess we’re in, I’d be surprised if you didn’t need government permission to retire in the future. They’re currently trying to dictate that they have a right to fine people for inaction in regards to healthcare, so what’s to say they won’t discover something similar in regards to retirement.
Gosh.
Good thing we send our manufacturing jobs to China.
So now we don’t have any more jobs, to support retirees.
Gold and silver were extremely useful for preserving wealth. As the currency collapsed, the prices of gold and silver went up in Argentine pesos. However, the dollar and euro did not collapse at that time and as a result the rush was on to get out of peso, further adding to its collapse.
There are very many intelligent people who say those things about gold and silver. Nonetheless fiat is crashing all over the globe and G & S will buy goods at a great “price” before, during and after the crash.
Its true, that G&S may not buy a whole lot during the crash, but it would be the best life preserver during the crash and then morph into things of true value after the crash. Things like land or stocks that pay dividends
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