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re: Just dumped some cash and bought gold, good or bad?
Posted on 8/16/14 at 1:40 pm to JoeMoTiger
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.
2
Posted on 8/16/14 at 1:47 pm to kjacksonp
quote:
In addition to food, shelter, and guns, I would stock up on plenty of hard liquor for bartering. There will always be a market.
Yeah or learn the fine art of making shine, there will always be wealth creation if you have something of value to offer.
Posted on 8/17/14 at 3:46 pm to kjacksonp
If the feds raise the interest rates, which is what they are planning too in the future the value of gold will drop. Supply and demand. The value of the dollar increases so gold drops.
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