[AK_47_7.62x39]

I am not looking myself for a complete SHTF collapse. I want to be prepared if it DOES happen, but I don't foresee it. However, I DO look for a complete collapse of the US dollar within the next 2-5 years, and a dissolution of wealth like we have never seen in the history of the world.

Those who have "real" stuff - producing land, marketable skills, FOOD, means of self defense... those people will do well. The majority of the PRODUCING Americans -I am not talking about the welfare sucks - have their wealth tied up almost exclusively in their homes and what little is left is in a 401K somewhere in dollar denominated assets. When the dollar dies (and it is beginning to die now), there will be a huge rush to the exits but it will be too late. Home values will collapse in the midst of a hyperinflationary spiral and millions will be wiped out. Again, I am not talking about the government dependent drones. This is you and me.

There are many assets that will hedge against this. Some will do better than others. Of all the potential alternatives, I believe silver will do the best, for many of the reasons articulated in the article.

I am not a silver broker. I won't sell you any of mine. I am a silver hoarder, and hopefully a vulture investor. I hope to sell my "hoard" (pitiful as it may be) and buy functioning companies (their stock) who produce real stuff when they are selling for fractions of a cent on the dollar. This happened in Chile, in Ukraine, in Hungary, in Poland, in Weimar Germany, in Brazil, in Indonesia, and in every country who experienced a collapse of their country. It is possible to PROSPER in events like these, but only if you prepare.

Electing Sarah Palin will not help. Cheering on Republicans will not help. You are on your own in this thing.

Laissez faire!

[mmercier]

A silver bug.

Damn.

[AK_47_7.62x39]

sorry, above should read that it happened in every country who experienced a collapse of their currency not country..... although one often leads to the other.

[668 - Neighbor of the Beast]

Lead works too!

[Christian Engineer Mass]

the writer of this is no better than george soros trying to manipulate people into doing what benefits him. pathetic.

[John O]

In a collapse both gold and silver will be worthless. You cannot eat gold or silver, you cannot use it to acquire anything (Who really wants a pretty metal that does not contribute to survival?)

If there is a collapse it will be total. "precious" metals will be useless luxuries that will be discarded. If there is not a collapse then we end up stuck with lots of gold and silver that still may not be worth anything.

I agree with the others. Guns, ammo, land, tools. Things useful for defense and barter.

[Dead Corpse]

Silver is expensive. I'd rather just use the more traditional lead, copper, and the occasional bronze bullets.

No amount of hoarding or anything less will win us back our Country.

[agere_contra]

Home values will collapse in the midst of a hyperinflationary spiral and millions will be wiped out.

Yes, absolutely true. Now is the time to buy hard assets, including physical precious metals. Anyone in cash during D-month will be wiped out.

I'm buying another 2Kg of silver today. I'm not buying anymore this month, for the simple reason that I don't have any more money.