I strongly agree with this point. Furthermore in Singapore, where I'm from, Silver liquidity is a major problem. I don't know about other countries but over here, Silver is being sold & not many shops/pawnshops buy in, if any at all. So you got to sell back to the small silver community who's into this. And they knowing there's limited ways to liquidate silver, giving in to Low Ballers is the only way to cash out fast.
It is written on silver, mind you Ten Commandments for Buying Gold and Silver iv. Buy silver first, then gold. http://the-moneychanger.com/answers/ten_commandments_for_buying_gold_and_silver
I like both but lean towards silver because of things like this.. notice they don't mention silver? if it happened again one day, trading gold could be hard to do, whereas silver might feed you?
What purpose would gold confiscation achieve? Not much this time around. One reason FDR stole the gold from the people was so that he could introduce legal tender, rather than redeemable gold bearing notes, the people would be forced to accept, horde and use the new unbacked currency - he (and all the Gov cronies) were worried that because the US was on a gold standard, the Gov't couldn't "debt" their way out of trouble (or spend their way into power) and it would be easy for citizens to export their wealth overseas if need be, AND it would be too easy for citizens to cause a run on the US Treasury if confidence declined. So he got rid of the domestic gold standard. Nixon of course finished it off (internationally) in 72 because he didn't want the British and French ships queuing up at US ports as Treasury debt was redeemed, carrying US gold off to foreign shores . The only reason that gold confiscation would happen again would be if the present powers that be basically admitted that their fiat currency lacks any genuine validity so they steal gold from the people in order to establish a Federal gold reserve that can be used to introduce a new currency that is gold backed. This will not happen. Why? Because it would be an admission from the current powers that be that their system of fiat currency is a sham. They will not admit this. It would be political suicide. Instead they will ride the wash of stinking fiat down the drain into the septic system where they belong. Lets hope we are floaters and are not flushed down as easily.
silver for zombie apocolypse gold if its all just another 'bump' in road silver - for its many uses im not sold on 'monetary value' gold is well n truly second... however, i recommend gold if your outlook for humanity is hopeful
The genuine as well as the false paper money which flooded Moscow lost its value. The French, collecting booty, cared only for gold. Not only was the paper money valueless which Napoleon so graciously distributed to the unfortunate, but even silver lost its value in relation to gold. - Leo Tolstoy, War and Peace
You have that problem too? Followed up by criticism, its a bit like a backhand slap don't you think? Comes somewhat unexpectedly. LOL Just noticed the little graphs at the top of my screen. Silver just took a nose dive in AUD. Looks like a waterfall!!!!
It might sometimes look like a waterfall but if you ask the question: What's better - Silver or Gold or Facebook? Who in their right mind would say Facebook? Facebook waterfall Week High /Low: $ 45 / $ 30.94
I went to bed (after the footy) at the waterfall (small waterfall) stage. Yep. Then a geyser once I was in bed.
