Gold will leave you down

[xpleet]

Even on the mainstream media people were recommending everyone to switch to gold which is a fairytale. It's a fairytale believed by those who still think that the federal reserve will collapse together with the dollar and a happy new selfregulating gold-market will emerge with those on the new top, who stocked up on gold in time.

The truth is that there will be less water/food/medicine than there will be gold. Only items of real value (NOT gold) will be traded with. Expect gold to become worthless as a trading item and then think about just how many switched to gold recently by recommendations from people like Peter Schiff on the mainstream media etc. They will be able to play romme with their gold coins. People who are trapped by gold are screwed if they haven't stocked up on huge amounts of food, water and medicine in an unbreakable environment such as a bunker. Those with food in their houses will be hunted down by the hords of people like zombies.

Gold is a fairytale that not only has been overrated by the ruling elite but actually has NO real value. It forms this illuson together with paper money because we are so industrialized.

That will soon change and gold & silver will let you down.

[psyked]

well said...

[cruise4]

I could have gone on the Gold Rush and done alright but there's something saying to me the whole thing is about losing materialism and being cool about it. So that's what I'm doing. I don't care if I lose everything. I'll still be OK or dead. Either way.

[1694]

I wouldn't go all out in gold/silver but I have been looking at it more and more as a speculative buy. Governments are throwing everything plus the kitchen sink into fighting off deflation, they would prefer inflation and looking at the insane money creation that is going on it's hard to imagine we won't get it.

If inflation kicks in hard then holding paper or electronic money will see your life savings buyer power hammered. I don't know if things will go to a gold/silver currency, it's a long shot but history tells us fiat currencies always fail, is it now for us? BUT if inlfation kicks in I'd take my chances with precious metals for the small amount of cash I ever hold over paper money.

With the economic scenario playing out, if you have enough to loose, you have enough to diversify.

As you say they have no real value, they have no Net Present Value as they don't work for you.....BUT fiat money in general works against you so PMs "Value" is the inverse of the decrease in the value of a dollar/pound/euro.

Track the price of gold against oil/sugar/cotton etc and you will see it holds its value a hell of a lot better than currencies.

I see nothing wrong with throwing some PMs into the mix, gold/silver under the floor, shares in your portfolio, paper under the mattress, preps in the garage.

[cafetimes1991]

Food will be our greatest asset.