posted on Mar, 24 2013 @ 11:39 AM
This may get you upset but its the way I see it. People have been told it is a hedge against "Econoimic Collapse" but nothing from could be further
from the truth. Lack of debt is the best hedge against collapse. Gold is a great investment for comfortable retirement (use to be) but so is land and
Colt revolvers you bought in the 70's. In and economic collapse Gold/Silver cant be eaten cant be use for shelter and no one will give you a gallon
of gas for it because there isnt enough gas to go around. However the biggest reason that gold wont be worth anything is because YOU WONT HAVE ANY!
Look at the linkes....
Think about it from the governments pespective. Wait and let gold get to some over inflated price like $3000 an ounce and then pull an FDR. But just
so there isnt a open revolt give the owners a fair market price of say $750 and ounce with assurancnes that the economy will stabalize and they wont
really be out anything. Then pay off the debt, re-value the dollar to the "NEW" gold standard and Boom the budget id BALANCED.
However, in the mean time, the country is in a depression where a dollar wont buy anything. I was in Brazil in the 80's when they were balancing
their budget and printing new fiat money. Stores wouldn't even take the old cuzerios. I had what should have been several hundred dollars on me but
it wouldnt buy a Coke!
So instead I invest in those things which got people through the last depression, Food, land, ammo, friends, guns, trade items.
I plan on working till I die (at least part time) but if I ever want to retire and move to Alaska I'll have the biggest Yard Sell in history. Do you
Know what a Colt Anaconda in 45 goes for? $15000. Beat that for a $500 investment.
There is more than gold to secure your future, just saying.
Think about it. Would you trade an ounce of gold for a cup of rice, if there was nothing to eat? Would you let your children starve because you traded
a case of ravioli for a pound of sterling..... Huuum, doubt it.
Just be careful what you "buy into"
By the way I got some Iraq Dinars if anybody wants them...Yea I use to fall for the hype also......LOL
Next Im going to put in a pond and stock it.