I understand exactly what you are saying, just pointing out that the gold sellers are being a bit dishonest in suggesting that you must buy gold or go broke. Right now I would lean toward silver as I think gold will see $1000 before it eventually sees $3000. Real estate agents and stock brokers are much the same. They pimp their offerings on the basis that they will appreciate and you will get rich when in fact nothing goes up forever and they have no idea in hell what will come next. They all want you to buy so they can make a buck, not because it will protect your wealth. I know that and will buy what I think is best for me, just get tired of the frantic sales pitch. That’s why I like to ask the breathless salesman why he wants to sell something that will make the owner rich.
And finally, I agree that paper money well eventually become worthless. For the average person I think silver, guns, ammo, booze, storable food, tools, building supplies, and anything else that you can store and that you will eventually need will do better than gold. And I believe that is true regardless of the rate at whcih paper becomes scrap.
I understand exactly what you are saying, just pointing out that the gold sellers are being a bit dishonest in suggesting that you must buy gold or go broke. Right now I would lean toward silver as I think gold will see $1000 before it eventually sees $3000. Real estate agents and stock brokers are much the same. They pimp their offerings on the basis that they will appreciate and you will get rich when in fact nothing goes up forever and they have no idea in hell what will come next. They all want you to buy so they can make a buck, not because it will protect your wealth. I know that and will buy what I think is best for me, just get tired of the frantic sales pitch. That’s why I like to ask the breathless salesman why he wants to sell something that will make the owner rich.
And finally, I agree that paper money well eventually become worthless. For the average person I think silver, guns, ammo, booze, storable food, tools, building supplies, and anything else that you can store and that you will eventually need will do better than gold. And I believe that is true regardless of the rate at whcih paper becomes scrap.
1. The dishonesty of many gold sellers (and of all those who advertise much)is that you are buying anywhere near market price, not in whether or not gold will go up in the future.
2. Right now, I lean toward silver and platinum to, because of the ratios.
3. I think you’re wrong on gold seeing $1000 before it sees $3000, and I wish there were some practical way to make a major bet.
4. All those preparedness things should come before gold, as should silver for small transactions. but gold has its place. How would you carry $100,000 in wealth in a relocation emergency?
5. The choice is not between silver and gold. The wise choice is both, for the benefits of a diversified holding.