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Originally posted by Silver Shadow
Originally posted by Sinter Klaas
I'm talking about a situation your money gets useless and do not have the power to get some place they accept your money and even if it is accepted then what ? Eventually it will all be gone.
Yes, there are situations where money is totally useless, such as being adrift in the Pacific Ocean in a small open boat with no food and no water.
And there are situations where paper money can lose it's "value" due to inflation or being declared worthless.
But gold and silver have stood the test of time as an honest store of value and medium of exchange.
And that is important.
Originally posted by Silver Shadow
reply to post by Kaytagg
The last few years have been pretty good for silver, 400% in six years.
www.kitco.com...
The Dow Jones has actually lost around ten percent over the same six year period.
Originally posted by GreenBicMan
Most people look at investments past a 10 year time period. No doubt SP500 and DJ have lagged, but historically when this happens not one time has it not made up the difference.