well we keep hearing of the world crash, dollar crisis, but it dosent seem to happen does it?, more you tube clips of world crash, etc,etc, but nothing happens, im only getting into stacking because of the world crash , but if its not going to happen why stack,
It's not guaranteed to happen and it's not guaranteed to not happen... Fail to plan, plan to fail, better to have it and need it than need it and not have it etc http://forums.silverstackers.com/to...no-economic-collapse-no-shtf-scenarios.htmlaA
Good question. First live your life within your world view; try to eat, drink and be merry. If you have come to the realisation that there will not be a world crash, don't stack. Sell up now, you may or not come out of this breaking even. Then invest your wealth in something that gives you comfort; cash, shares, bonds, etc. You can only follow your own instincts, ignore the bulls and the bears around you and go with your own council.
When I decided to get rid of fiat, it was/is an attempt to lose less than a further X years bank account. A world crash is just an extreme version of that 'further X years bank account'. Why bringing up margin values then? They're good to make something clear, but the world has more than black and white and it's not because black or white may not occur, that the other, in a degree, ugly things won't too.
"If you're not going to get into a car accident, then why buy car insurance?" Says it all really! ...and what other insurance policy refunds all your premiums if it does NOT happen? OC
I think you can tell people enjoy it. Also I've heard a lot of people say it's helped them save money because they buy silver instead of spending on frivolous luxury's they don't miss anyway. So as people said above, it's an insurance policy, people they enjoy it, it helps folks save, there's 3 obvious ones I can think of and I'm new
I'm convinced that the US dollar will not collapse in my lifetime. And if it did, there's no evidence that would lead me to believe that the only possible outcome would be the end-of-world scenarios like many stackers are asserting. But, I could be wrong and so the little amount of silver bullion that I have bought MAY be of some use if ever there was a SHTF End-of-Times (EoT) scenario. Of course, there would be much more important things to own in an SHTF / EoT scenario that would best be purchased with fiat currency. But I have diversified my stack and so if there is no EoT scenario, the collector (semi-numis) products I bought should gain some premium over the years and I think I will always find collectors willing to buy interesting precious metals coins and medals. But as with most things, there are cycles of higher and lower interest and so we have to try to be cognizant of this and prepare to sell when interest and demand is strong. .
It will eventually happen mate. It will take years to eventuate. It isn't something that happens overnight. I think we will see euro-asia drop US monetary policy, and this would be the first major sign. But any clear signs would mean PMs will have already taken off. So you are right to stack now, just have some patients. I don't think anythings going to happen in the next 5 years. We can't sustain infinite growth monetary policy forever on a finite world. That's a given.
"It will take years to eventuate. It isn't something that happens overnight." You can just about date it from 15th August 1971!
Like you, I am also fairly certain that the US Dollar is not going to die anytime soon. Though the fundamentals of how the economy is structured are much too complex for the average person to understand, there are lots of checks and balances in place to ensure that the USD is able to survive extreme shocks, that would topple the economies of less sophisticated nations. There are some very intelligent people, who have so much at stake, that a total collapse of the Dollar is nearly impossible. Besides, no other country has ever been able to offer a more credible and stable alternative. However, despite the secure position of the USDollar as the World Reserve currency, the economy of the country itself, is always subject to inflation, deflation, recessions, depressions, and all types of economic calamity. While the built-in resilience of the system assures us that any imbalance will always self-correct, we can never be certain of how long it will take, or how badly we, as individuals, will fare in the end. This is why we must always take measures to protect our personal best interests, by preparing (which the Government actually encourages us to do), so that we are able to self-sustain during hard times, and be less of burden to an already stressed infrastucture, as it works toward recovery. Stacking silver will give us the ability to trade for essensial needs during hard times. In my opinion, the value of your personal silver holdings, is not represented by its price in fiat cash terms, but by the actual "purchasing power" it will have during uncertain times. It's also a great way to build a savings account, during these days when the banks are paying such measly interest rates on savings accounts.
Since 1913 it has lost 97% of its purchasing power -what we are arguing over is the last 3% It has already collapsed
We all want to bring down national and global debt, yet it keeps rising. Governments continuously keep printing currency at a faster rate than ever. How can this be sustainable? I truly believe a monetary collapse is immanent. If it doesn't happen in your lifetime, then it might happen in your children's lifetime. Don't be so nearsighted to buy up silver for protection for weeks or months, but rather look at decades and centuries. If a collapse doesn't happen in your lifetime, then be happy about it and at least you'll have your silver (wealth or form of insurance) to pass down to your kids. Physical silver is never really "lost" or decreases in weight when you hold it, unlike fiat.
The thing is that some people yell only "THIEF" when they discover their property as stolen. The central planned theft is smarter, they take a dollar now, and another dollar then. The end result is the same, yet some people don't recognize they're being victim of theft. They have to produce more to buy the same. They discover that they've less left than earlier on the end of the month. But hey blame their employer, or the market, or neighbor Joe with his expensive car. Essentially, the dollar has crashed dozens times. The name went on, but its value didn't. This renders the statement that the dollar won't die to a nothingsayer. The value matters, not the name.
that would lead me to ask then, the Gerald celantes, mike maloneys, peter schiffs, of this world are they just beefing up pm,s with these scare tactics, unfortunately ive got on this you tube train and I don't know who to believe now, they all tell you 1st quarter 2013, then 2nd quarter , then more likely 2014, then maybe possibly then , these people like max keiser, alex jones , whos side are they on ? they seem to be stating some scary stuff but they keep producing more stuff every week theres a you tube guy I think its x22 report, my god if you listen to it youll be more confused than ever in short im not sure if the raft of commentators, gurus, metal experts, are in it for themselves or they know something we dont
If you don't know who to believe, and see huge relative price fluctuations, check things yourself. The former indicates misleading, the latter indicates listening.
