Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: dennisw

The dollar will be trashed due to endless money printing which equals rampant inflation. We’ve seen nothing yet. Tangible assets are the way to go. Gold is a very credible (and time-honored) store of value. Now is the time to be buying more, not selling.


41 posted on 05/06/2023 2:16:24 PM PDT by Blennos
[ Post Reply | Private Reply | To 39 | View Replies ]


To: Blennos

Assuming the SHTF, how would you use your gold or silver to barter or to acquire money?


42 posted on 05/06/2023 2:17:55 PM PDT by gitmo (If your theology doesn’t become your biography, what good is it?)
[ Post Reply | Private Reply | To 41 | View Replies ]

To: Blennos

“The dollar will be trashed due to endless money printing which equals rampant inflation. We’ve seen nothing yet. Tangible assets are the way to go. Gold is a very credible (and time-honored) store of value. Now is the time to be buying more, not selling.”

Silver coinage is legit during a serious inflation. To use as a medium of exchange. Such as buy a gallon of gasoline with some old silver quarters. Silver will get killed during a deflation. The smallest gold coin is one tenth ounce. So $200 today. How can you use that in a grocery store or Walmart and get change???

IIRC silver was very useful to buy things during the German hyper inflation of the 1920s. Is it being used in Argentina today? Inflation is 100% yearly there.


53 posted on 05/06/2023 4:42:09 PM PDT by dennisw
[ Post Reply | Private Reply | To 41 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson