posted on Aug, 12 2011 @ 05:19 AM
there's two aspect of the rise in gold..
one is the speculators, and those of us who are investing in it as a hedge against inflation...
and the other is the inflation that is being caused by them devaluing the currencies...
people are also buying extra toilet paper, canned food ect....since they know that the next time that they go to the store, well, it will more than
likely cost more to buy those things!!1 if we all decided to go out and start investing in toilet paper, would we see an amazing rise in that
commodity...I think we probably would.
if the people then decided that the toilet paper wasn't the best place, and switched to cans of beans?? well, ya, the price would initially begin
falling, but would eventually stabalize above what your paid for it since there is no way that they are gonna correct the deflation of the
I got a feeling they go a heck of alot more devaluing to do!!
and to put it bluntly, if the whole system collaspes, well....
we are all in the same boat, no matter what we put our money into, unless maybe it's land to farm on!! and of course guns and ammo to protect those
crops day or night....and even then, well, you ain't gonna be able to live in peace with a mob of starving people surrounding your crops!!
na, sometimes not being one of the wealthiest people in the world isn't such a grand place to be, and total economic/government collaspe to me would
be one of them....I think I would rather give everyone the impression I just ain't got anything worth them blowing my head off for???
you don't buy gold for the preparation of total destruction, it wouldn't do you that much good...
but you do buy it during times you know that inflation is a real possibility, to hedge against it. and well, anyone care to guess when the danger of
inflation is gonna end???? my guess is when they write off all the current accounting books as a lost cause and introduce new currencies to start
and then the gold and silver, the canned food, the toilet paper, ect, will still be worth something!!
your dollars, your stocks, well, all that is quite questionable!!