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Originally posted by dragonridr
reply to post by dirtydog
Buying gold and silver does not protect you in economic collapse reality is gold and silver has only a trinsic value. In other words its only as valuable as someone is willing to pay for it. Commodities will have a value no matter what happens. If you buy food for example it will all ways have value it is something needed. People don't have to have gold and silver and there value greatly reduces when people aren't willing to buy them. Which they wont be able to do if the economy goes under so get off the buy gold websites there just trying to make money.
In fact during the great depression there was a lot of gold running around but couldnt use it to buy a loaf of bread people needed commodities.
Worldwide market demand for silver is growing, while supplies of silver are quickly disappearing. New high-tech uses for silver will further strain already-tight supplies in the future. World demand for silver now exceeds annual production and has every year since 1990, depleting above-ground stockpiles of silver. The U.S. government, once the largest stockpiler of silver on the planet, dumped billions and billions of ounces of silver onto the world market over the years, resulting in depressed silver prices. Today, that government silver hoard is gone, and now the U.S. government is a buyer of silver at prevailing world silver prices.
Originally posted by THX-1138
It amazes me that these high volume silver dealers want paper dollars so badly.
Originally posted by Spartak_FL you cant buy anything with a bar of silver
Originally posted by dirtydog
No silver to buy right now at any price.
(visit the link for the full news article)
There is no snippet, thats why I'm posting this. I called CMIGS and this is what I was told.