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To: Nachum

People are withdrawing fiat dollars and buying gold and silver.


6 posted on 01/25/2013 3:35:43 PM PST by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: SVTCobra03

Silver is up a few percent since last month but gold sure isn’t.


9 posted on 01/25/2013 3:41:06 PM PST by steve86 (Acerbic by Nature, not Nurture™)
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To: SVTCobra03
People are withdrawing fiat dollars and buying gold and silver

And brass and lead.

12 posted on 01/25/2013 3:50:24 PM PST by Noumenon (One individual with courage, determination and a rifle can change the course of history.)
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To: SVTCobra03
gold and silver are great for economies that *might* survive outside the U.S.; but when we go down, so does the world. Shiny metal won't mean a hell of a lot. I will get MUCH more worth out of a few antibiotics or even aspirin (maybe even a couple year old pressure canned filled meat jar) than I will with shiny stuff.

Bottom line, your family is hungry and one of yours has a 102 degree temp. Is gold and silver what you wish to trade with at that time?

14 posted on 01/25/2013 4:13:16 PM PST by Michael Barnes (Obamaa+ Downgrade)
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To: SVTCobra03

People are withdrawing fiat dollars and buying gold and silver.


Monetizing the debt potentially will lead to hyper-inflation...

January 24, 2013

‘Fed’s Holdings of U.S. Gov’t Debt Hit Record $1,696,691,000,000; Up 257% Under Obama’

http://cnsnews.com/news/article/fed-s-holdings-us-govt-debt-hit-record-1696691000000-257-under-obama


29 posted on 01/25/2013 6:31:49 PM PST by Hotlanta Mike ("Governing a great natiorn is like cooking a small fish - too much handling will spoil it." Lao Tzu)
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