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Silver about to pass $40/oz!
- Thread starter the.gladiator1987
- Start date
SPEKTOR-AAA
New member
Bro I dont think they are saying the you buying silver is retarded. Its your basis for buying the silver, doomsday scenario. Add that to the fact that your basically disregarding the 100s of thousands of people that have successfully played and continue to play the money markets on a daily basis. These people have become wealthy, created nice sums of retirement money, and steady income from investing. You cannot deny the fact that investing in stocks/bonds in the long term etc will yield a decent ROI. The chances of this doomsday are slim anytime soon, but obviously thats not out of the question.
I will say you do have is an investment that at worst you will always break even, and I cannot argue that. Good way to save some money forsure, not quite as liquid as dollar bills.
Collapse of the dollar doesn't necessarily mean post apocalyptic world, it can just be the us dollar being so worthless there's nothing else we could do, like in germany in 1921
Idk why I even brought the post apocalyptic scenario up. That's not what I believe will happen. I do know that the us dollar is getting weaker and weaker so why would I invest anything into it. How come u don't play the stock market broo? There's a lot of risk in that. Times are different now. Were in trillions of debt that we weren't in 20 yrs ago.
Do some research on Peter Schiff, he called the last recession, the bull market in precious metals and the collapse of the dollar, he is spot on with no BS, also look into the new silver/gold law Utah just passed, they are way ahead of the curve...
calveless wonder
New member
You're comparing the US currency to the global economic instability of the early 1900's, and citing a country that was on the losing end of one of the largest wars waged in history ?
If you actually knew what you were talking about you might cite a more plausible example like brazil or Argentina in the past 10-15 years, and even those situations are not analogous because both those countries largely lacked a middle class at the time.
If you actually knew what you were talking about you might cite a more plausible example like brazil or Argentina in the past 10-15 years, and even those situations are not analogous because both those countries largely lacked a middle class at the time.
Ok cw I'm jus citing examples. How aboout you give me reasons why investing in silver coins is a stupid, dumb, horrible idea
Zimbabwe is a good example, I think their money was devalued something like 1500000000000000 to 1.....
SPEKTOR-AAA
New member
The US is a massive market, and the per person productivity is among the highest in the world. The countries that are significant holders of US currency cannot afford to dump their holding since it would destroy their equity as well as cripple their export ability to the US. China, for example, has a vested interest in a strong dollar since it allows us to buy all the stuff they desperately need for us to buy it. There's not another market that soaks up Chinese goods like the US.
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