And where will silver go? If the country goes back on the gold standard, will the government call in all gold as in the past?
I have no idea. I am agnostic as to what is going to happen, but I am interested in trying to see how the economy will play out. I don’t know enough about precious metals to be able to forecast.
“”””If the country goes back on the gold standard, will the government call in all gold as in the past?””””
Lots of argument of that front - Capital and currency controls already exist in some form (limit of $10,000 notification if you take more than that out of the country)Fact is they can do anything they want, if you go to sell it they could tax 95% of the profit.
I have bullion stored at the Perth mint in Australia and some in a stock:GTU - I suppose if it got that bad I could take my certificates to Australia or Canada and cash them in there.
In a emergency the government will do whatever it damn well pleases confiscate Savings (IRA, 401ks) and other property.
Just depends on how bad it gets which is anybody’s guess.
We could implode as Iceland or Argentina. stocks go to 1,000 - 3,000 DJIA then the dollar crashes to $0.10.
The Dollar is the last bubble.
Sidenote
Last week I got notice of a bankruptcy from a furniture company who was making me a custom couch - they did beautiful work for me in the past and have been around since 1944. I lost $2,000 dollars on that trade.
Learned my lesson Cash and carry from now on for me.