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.
Article by Bix Weir - "Here's Why $100,000/oz Silver is a Conservative
- Thread starter darzdude
- Start date
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House
Guest
Skyrocket said:
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/
bron.suchecki
Well-Known Member
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
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
Steel_Eyes
New Member
$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.
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.