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Originally posted by scienceguy94
hyperinflaton is great if you own gold or silver. since these metals are commodities thier value stays the same no matter how many dollars it costs to buy an ounce. Especially silver since one person can actually buyevery ounce that exists. Lets say that an ounce of silver at 7.7 dollars is enough to buy 2 big macs and a drink at mcdonalds. If hyperinflation sets in the big macs might cost 100 dollars but your ounce of silver will be able to still buy 2 bg macs and a coke.
you should go to your coin dealer and stock up on some sludge.
Originally posted by FatherLukeDuke
Err, it doesn't work like that. Gold and silver have no inherent value at all - they are only worth what people think they are worth. That is the markets decide their price (worth). If the world was collectively to decide that silver was worth no more than lead then it's price would drop to the same as lead. Gold and silver prices fluctuate all the time.
Originally posted by FatherLukeDuke
Err, it doesn't work like that. Gold and silver have no inherent value at all - they are only worth what people think they are worth. That is the markets decide their price (worth). If the world was collectively to decide that silver was worth no more than lead then it's price would drop to the same as lead. Gold and silver prices fluctuate all the time.
Originally posted by FatherLukeDuke
Shadow - I totally agree with you. I was just making a point that everything only has the value that people attach to it, and that includes gold, silver and currency.
Originally posted by scienceguy94
try keeping your guns when the jack boot NWO troops rip down your doors to take them. don't forget that they will have kevlar taped to thier bodies so your lead won't hurt'em
Originally posted by dr_strangecraft
I don't know if LukeDuke is a daytrader
but he/she sure sounds like it. (Greetings, fellow traveler!)
NOTHING has any inherent value, in my book. The whole world runs on the "greater fool" proposition. The greater fool is the one who is holding said commodity (everything transferable is a commodity) when the market plunges.
I don't give investment advice for free (I charge for that), but LukeDuke sounds like a 1%-er to me. He gets a "way above" from me.
You want to know the BEST investment over the last 15 years? Guns. No dips down, and price appreciation steeper than inflation. And they make their own gravy!