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12:44 PM
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Final gold and silver plunge coming up soon?
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[quote:Anonymous Coward 23138750:MV8yMzkwMDI0XzQxNTg2OTAxX0NDNjkxRTg0] [quote:Anonymous Coward 29080459:MV8yMzkwMDI0XzQxNTY3ODAwX0JEMjA5RDIx] [quote:Anonymous Coward 45181384:MV8yMzkwMDI0XzQxNTY2MTA2X0UzMkU2NEZF] [quote:T-Man:MV8yMzkwMDI0XzQxNTY1ODY3X0RGMTc2NzhG] [quote:Quasar 36865250:MV8yMzkwMDI0XzQxNTY1Nzc0XzU0NTk0MDQ5] Dollar will be devalued soon by 50% against gold... [/quote] ok but what if im buying it in euros? also. what if i were to sell off dollars now, buy them back when theyve dropped in price and than use the money id make of that to buy silver in euros? that would double the money, not? [/quote] Who knows? The only thing for certain is that countries around the world are devaluing their currencies intentionally so that their exports remain strong and their inflation goes abroad. That being the case, there is no safe currency to hop into, just a carousel of currencies that are worth less than they were the day before. Strength is relative when you are racing to the bottom. China has expanded its financial balance sheet by 50% more than the assets of all global central banks combined, but they are snatching up gold as fast as they can. It would seem to me obvious what the endgame is. It is the same endgame everytime you try to clip coins or print to infinity. Trust is lost, and at that point all that really matters are things of real tangible and fungible value. Paper is a promise. [/quote] so what you are saying is i shouldnt even mather about trading. rather just invest as much as possible into hard currency like presiouse metals because in the end all money will crash? is that correct? [/quote] That's my thought. I try to keep about 6 months of living expenses in USD, cash, outside the reach of banks or anybody but me. Beyond that, I invest in toilet paper, ammunition, other supplies, some additional long term food storage now and then, and THEN silver and gold. [/quote]
Original Message
Still looking for $1000 gold/ $15 silver, give or take 10% before we really turn around these markets. Any fellow PM tards left? lol
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