The 2000's are also kind of had to forget.
Posted on 03/22/2025 6:33:31 AM PDT by delta7
I had to look up VEF. Venezuelan Bolivars. At $3000 per ounce, I calculate approx 745 million Bolivars for one ounce of gold. Still a lot.
But I agree with your main point: world currencies are indeed failing. Best to have some gold or some other reliable store of value.
https://avaada.com/researchers-to-lower-solar-cell-costs-by-replacing-silver-with-copper/
Do not make an investment with respect to either metal based on my copyright respecting link provision alone.
“the stories are many and varied, though involvement with real estate in some way is the most common.
“
Pension plans plus SS would be the most common. Home equity and stocks round out a comfortable retirement.
I don’t buy into the Apocalypse scenario….not yet anyway, slow, steady burn down. I remember the 70’s/ 80’s…..37 USD 1971 then on to 850 USD ( actually 900 USD plus Jan 1980) …..
…..we have entered a generational Gold bull, one with which ALL currencies are plummeting.
“Many suggest our government allows the corruption “
Makes no sense. The GOVERNMENT fined them $920 million.
“Makes sense I’ve been wondering why silver prices were not following gold. I bought a stake in silver last year”
The above reflects short term price fluctuations. No impact on the long term value.
If silver prices are held so much below demand, why is there enough silver to meet demand?
Www.goldprice .org does all currencies…..today Gold, Venezuela VEF is about:
11,000,000,000 VEF…..Silver about 120,000,000 VEF.
“Best to have some gold or some other reliable store of value.”
Best to have investments. The house that is your home and stocks.
IATG
“I don’t buy into the Apocalypse scenario…”
Dear Marty,
You did in 2014. Are you admitting Socrates was wrong?
Their Silver shorts destroyed them,
Bears Stearns borrowed overnight to finance their huge bond portfolio. When their mortgage holdings started to default, no one wanted to loan them any money.
It had zero to do with their imagined short silver positions.
The discovery, in September 2008, that JPMorgan was now the largest short seller in COMEX gold and silver
What was their net silver and gold position?
Tamp away and keep the buying price of physicals low - threaten me with a good time.
PRIVATE BLOG – Gold & the Pullback
Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.
The 2000's are also kind of had to forget.
You’re right. I was using a conversion site which, unbeknownst to me, hadn’t been updated in over 4 years. Sorry. This currency business is a mess.
https://exchangerate.guru/usd/vef/3000/
A world in which national governments exist and can enforce nationalization of assets is the opposite of a SHTF scenario.
Read Selco's blog on Sarajevo in 1992-3.
The value of items to trade for survival:
1) 13 year old girls
2) Canned food
3) ammo
Hate to disappoint but PMs are way, way down the list. In a real SHTF scenario, your life expectancy after you reveal your ability to pay for things with silver or gold will be very, very short.
IATG
————
In After The Tx Gator, I have fun controlling him. I post an Armstrong article and he spends hours on the keyboard pounding way. Hilarious, but I must admit, I enjoy it.
Does he really think people listen to him? At least Armstrong’s site has millions of followers.
Watch:
The legendary Armstrong has yet two more podcasts just this weekend ( dozens of interviews just this year).
https://www.armstrongeconomics.com/armstrong-in-the-media/armstrong-on-gold-goats-guns/
Fire away!
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.