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The Water Cooler
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Can we discuss buying Silver
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<blockquote data-quote="RustedBeef" data-source="post: 3147889" data-attributes="member: 40859"><p><u>Tin foil hat time</u></p><p></p><p>Most people seem to think a SHTF scenario is something along the lines of a Mad Max movie, but that's just not the case. Most likely it'll involve the USD becoming worthless due to massive inflation when the .gov is forced to print truck loads of new bills in order to pay off our staggeringly high national debt. It happens to other countries all the time, but lots of people trick themselves into believing that the US of A is somehow 100% impervious to a monetary collapse. I'm sure that's what the ancient Romans thought, too, but their silver Denarius eventually became worthless and barely had any silver content at all by the time the empire fell to pieces.</p><p></p><p>When the USD becomes worthless and the govt has to either redenominate the currency or adopt a foreign one all together, your dusty piles of paper aren't going to be wanted by anybody in exchange for their own currency. Think about it. Would you actually trade your hard-earned dollars right now for a pile of worthless Venezuelan Bolivars? You could brag that you're a millionaire for the low price of 4 bucks, but nobody is gonna take your "money" in trade and you'll be unable to trade it back for your dollars. It's the same idea for when the USD fails. In that case, you're gonna wish you had set aside some of your fiat money in the form of real money like silver and gold. There practically isn't a country in the world where you couldn't take a bar of silver and trade it for whatever currency is in use, so when the time comes that you desperately need money and all your dollars are worth less than the paper it's all printed on you'll be good to go if you have precious metals.</p><p></p><p>I know that eventually the government is gonna implode, and all the former united states are gonna go to their own currencies. When that happens, things like silver and gold are gonna be your best friend for converting your wealth into whatever new currency is in use where you live. Gold and silver is valuable to everyone around the world. Fiat money is only worth what Daddy Government tells you it is, and when he's dead and gone... ain't worth nothin'. Don't be one of the suckers who gets stuck with all his wealth tied up in paper when the S really HTF.</p></blockquote><p></p>
[QUOTE="RustedBeef, post: 3147889, member: 40859"] [U]Tin foil hat time[/U] Most people seem to think a SHTF scenario is something along the lines of a Mad Max movie, but that's just not the case. Most likely it'll involve the USD becoming worthless due to massive inflation when the .gov is forced to print truck loads of new bills in order to pay off our staggeringly high national debt. It happens to other countries all the time, but lots of people trick themselves into believing that the US of A is somehow 100% impervious to a monetary collapse. I'm sure that's what the ancient Romans thought, too, but their silver Denarius eventually became worthless and barely had any silver content at all by the time the empire fell to pieces. When the USD becomes worthless and the govt has to either redenominate the currency or adopt a foreign one all together, your dusty piles of paper aren't going to be wanted by anybody in exchange for their own currency. Think about it. Would you actually trade your hard-earned dollars right now for a pile of worthless Venezuelan Bolivars? You could brag that you're a millionaire for the low price of 4 bucks, but nobody is gonna take your "money" in trade and you'll be unable to trade it back for your dollars. It's the same idea for when the USD fails. In that case, you're gonna wish you had set aside some of your fiat money in the form of real money like silver and gold. There practically isn't a country in the world where you couldn't take a bar of silver and trade it for whatever currency is in use, so when the time comes that you desperately need money and all your dollars are worth less than the paper it's all printed on you'll be good to go if you have precious metals. I know that eventually the government is gonna implode, and all the former united states are gonna go to their own currencies. When that happens, things like silver and gold are gonna be your best friend for converting your wealth into whatever new currency is in use where you live. Gold and silver is valuable to everyone around the world. Fiat money is only worth what Daddy Government tells you it is, and when he's dead and gone... ain't worth nothin'. Don't be one of the suckers who gets stuck with all his wealth tied up in paper when the S really HTF. [/QUOTE]
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