It's pretty simple. All the silver bears, repeat after me: When people loose confidence in the currency it is called: hyperinflation (very different from your normal inflation promoted by central banks around the World). In hyperinflation currency looses almost all of it value in a matter of months or weeks. If another stable (foreign) currency is available people will flood into it. However if it's a Global currency crisis, there all fiat currencies (and they're all fiat around the World now) loose value simultaneously, people will flood to a couple of old World currencies: Gold and Silver. That's when you will see their true worth.
Ever been married ? My wife doesn't like it. Because She cant spend it. cant eat it . cant burn it. But seriously it's a way I can save she cant just count or dip into like a savings account. and I like it. graydragon ps I am jealous of all you guys that have wife's help yall stack and or save!
I don't like dollars, there are many things that can go wrong with them. The Gov can chose to change the denomination, they have already changed from Pounds to Dollars. At this time you have to exchange all your old money for new money or lose it, then explain where it all came from. The Gov can chose to revalue the currency, as they have done in many countries, you have no say in this and have to buy toasters or other goods before you lose the purchasing power. The Gov can change the pictures on the banknotes. At this time you have to exchange all your old money for new money or lose it, then explain where it all came from. The Gov can change the laws to allow banks to take money directly out of your bank account to cover the bank's debts. Silver is by no means perfect, witness the falling price of the stuff, but at least it is not subject to quite so much interference from people who might not have my best interests at heart.
Silver is the only thing my husband and I agree on buying. I'd rather buy beer, he'd rather pay off the mortgage, geezze men who can understand them.
I started off buying because it seemed like a good investment and the prices are low. After I received my silver and started looking at stack videos, it turned into a hobby as well. Now, it's addiction. What's next?
Government's have a terrible track record at destroying liberty and personal freedom. Those who do not learn monetary history are destined to repeat it. Monetary crises come often and can last decades. You either have monetary insurance in your pocket for that possibility or you don't. The ruling elite will do whatever it takes to keep their debt-fuelled show going for as long as they care. For interest, take a look at this speech by President LBJ in 1965: http://www.presidency.ucsb.edu/ws/?pid=27108 Rarely do those in power speak the actual truth about silver as money... Well this was the country that criminalized the possession of monetary gold ownership from 1933 to 1974. Gold and silver is about purchasing power. We are entering an age where that power is moving from the West to East and to individuals.
damn i wish i kept my sega genesis. games on that console were always fun. Space Harrier was probably the best. https://www.youtube.com/watch?v=3aGqUNE6nOQ
"I spent a lot of money on booze, birds and fast cars. The rest I just squandered." - George Best Now, I just stack.
