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re: Just dumped some cash and bought gold, good or bad?
Posted on 8/16/14 at 12:33 am to Volvagia
Posted on 8/16/14 at 12:33 am to Volvagia
quote:
But keep in mind that if you are looking at a " shite hitting the fan" scenario to be fiat currencies being worth zero, for all intents and purposes those precious metals will be worthless as well.
I can agree that if Armageddon occurs it comes down to food, shelter and guns but my concern is the US finally over extends itself with foolish monetary policy and devalues the currency to the extent that it loses all credibility on a global level.
1
Posted on 8/16/14 at 1:40 pm to JoeMoTiger
quote:
I can agree that if Armageddon occurs it comes down to food, shelter and guns but my concern is the US finally over extends itself with foolish monetary policy and devalues the currency to the extent that it loses all credibility on a global level.
In addition to food, shelter, and guns, I would stock up on plenty of hard liquor for bartering. There will always be a market.
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