Posted on 04/24/2011 6:01:53 PM PDT by JimWayne
Silver at 47.81. Click on link for chart.
(Excerpt) Read more at kitco.com ...
Wouldn’t it be better to go with PSLV or just buy physical silver?
We are acting as victims.
Frozen.
“If the economy falls apart we all lose, no matter what you do.”
Oh that is true. But your very survival, and that of your family most assuredly depends on what you do now to prepare. Yea I know many people out there just wanna laugh and point fingers at the so-called “crazy survivalist doom and gloomers.” But it should be apparent to any one who has ever had to maintain a budget of any kind, that our politicians have brought us to the brink of disaster with no way out.
Like so many civilizations before us we think we are the exception and that nothing could ever bring down our way of life. History shows us a different story all together. Hell, we already live in a socialistic police state. Who would have thought that just 30 years ago? How many of the people of our younger generations even know they are living in a socialistic police state?
Bottom line here: You better do what you can to prepare with what little time you have left. So say I’m wrong. Say we somehow, miraculously, dodge this looming economic catastrophe (nothing would make me happier). The worst case scenario is you will be much better prepared to survive the many inevitable natural disasters that absolutely will occur in your lifetime.
The dollar has been in long term slide since 1965. It was $=360yen then..less than 100yen now. Other hard currencies..like the Swiss Franc and DM/Euro. Don’t bet against the US..but don’t bet on our currency.
Stay off eBay! Chinese fake EVERYTHING including Gold and Silver!
Horse-hockey!
(Oops! I just realized we are both eBay buyers who don’t like competitive bidders!)
PS, please tell us exactly 3what fakes you have reliable knowledge of, that a buyer didn’t get compensated for. I’ve been cheated with a plated item, but I got every penny back.
You beat me to it...
So are you suggesting 100% in gold and silver?
Actually, the mining stocks have been something of a disappointment.
Call it the 401k restoration strategy!
Hey.
Just because I long ago decided to be “all in” on America, doesn’t mean I object to being prudent.
My point is, if it comes down to being prudent or supporting America, I’ll support America.
That’s my decision. Old fashioned that way I suppose.
Silver is much more volatile than gold. It may well shoot to a hundred bucks. But it could also drop back to 10. Nobody is obligated to purchase your silver or gold at any “spot” price, either. While it’s cool to make money, people need to get a grip and realize they can also lose their shirt with this stuff. While silver is taking off like a rocket, and I own a fair amount, gold is “safer” in my opinion. Have not bought either for a few years now. That, too, might be a mistake. But have been laying in supplies and durable goods and non-perishables. Hope this helps.
The citizens that will be most valuable to America are the ones who were prudent.
Goldbug Ping.
Silver spiked to $49.40 before coming down to $48.90.
We no longer have a majority who believe in the founding principles.
Ours is a failed system and we are to blame.
You'd bet your life and that of your family on this confirmed nationwide lunacy?
“Don’t bet against America.” Are you saying that purchasing PMs as a hedge against a falling dollar is “betting against America?”
What do you suggest?
Well said!
The bet is that the US$ and other currencies will continue to devalue. That is nearly an ironclad certainty. That is a bet on the US$, not America.
To bet on America, the money could be placed in an index fund reflecting the broad strength of our economy and it’s business.
They are two separate bets
Massive understatement.
Exactly.
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