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Message Subject Final gold and silver plunge coming up soon?
Poster Handle Anonymous Coward
Post Content
Dollar will be devalued soon by 50% against gold...
 Quoting: Quasar 36865250


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?
 Quoting: T-Man


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.
 Quoting: Anonymous Coward 45181384


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?
 Quoting: Anonymous Coward 29080459


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.
 
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