Food, toilet paper etc. when SHTF will be worth a lot yes, and it would relative to silver, but the then "useless" items won't. Materialistic possessions like fancy cars, bikes, boats, most electronic goods, powertools, anything that you don't actually need to survive, will be (for all intense and purposes) worthless against silver.
Silver pumper to make middle aged and above bored old men waste their money on a charged premium. Every stacker has been suckered in no matter what price spot!
Haven't bothered watching but I'll suspect usual overhype http://forums.silverstackers.com/topic-62009-venezuela-cashes-in-gold-to-avert-dollar-drought.html http://www.mining.com/liquidation-time-for-venezuela-and-its-gold/
In addition to being a nutter, Bix can't even do math. Step 1 has $20 x 6 = $120 but then in Step 2 he starts with $180 rather than $120. That mistake turns his final calculated price of $136,604 (actually it should be $136,618 if you don't round each step like he does) into $91,079 which is below his $100,000 headline figure. Price Multiplied by $20 $120 6.0 $240 2.0 $480 2.0 $528 1.1 $634 1.2 $950 1.5 $950 1.0 $1,426 1.5 $1,568 1.1 $3,136 2.0 $6,273 2.0 $12,545 2.0 $25,091 2.0 $37,636 1.5 $75,272 2.0 $82,799 1.1 $91,079 1.1
If I could make a living writing shit on the internet, I probably would. Doesn't mean I'd believe what I fed the idiots dumb enough to pay me though.
$100,000 an ounce means that the USD is dead. I'd guess that a can of beans would be going for $5000 at that point. So it's not really much to celebrate. Some people are buying silver for this "end of the world as we know it" scenario, so they won't cash out before hand since they think that silver will be their method for barter. If silver even gets back to the historical highs again, I'd get rid of 1/3 of my stack to make back most of the money invested (I started last year when it was in the $14-15 range). After that, who knows.
