Dollar Is Dropping Like a Sack of Potatoes - Protect Your Savings w/ Silver and Gold

invest in potatos too they will be worth more than the dollar soon.

 

Please explain your reasoning and I will tell you why you're wrong.. lol

Inflation is the result of a currency backed by wind.

 

Gold / Silver run up has been caused by speculation, not inflation.

 

gold and precious metals are going up simply due to greater demand as everyone see dollar weakening

 

All I have learned is to stick with the market, just ride it out. If the dollar DID fall to toilet paper level. I would be like, ah fuck. At the same time I would gather as many physical notes as possible and stash them. It's happened with Germany, France, Japan, and others. After they come out the value of that paper goes a lot farther.

 

And people buy these commodities as a means of protecting their savings because the dollar becomes weaker and weaker.

 

I don't think that you understand the stock market very well if you say that. So I guess it would be safe for you to stay away from it.

That really adds to the credibility of your statement. Talk to a journalist my boy.

Who the F are they? You really think there's this central organization deciding what to exchange metals for? Guess again, it's the market. And as long as the dollar is legal tender, its value will be above absolute zero, and there will be people trading gold for it.

(I'm in a bad mood)

 

Idiot money managers pile into commodities as to protect from inflation, which isn't here. Protection from inflation does not equal speculation of inflation.

 

The FED doesn't print currency.

 

when it drops, thats when you buy more. a portfolio of just gold is even worst off.

 

Understanding the stock market for the average person is very difficult. This is basically why thousands of stock brokers and financial planners dumb down information for the public and tell them things which are incorrect (because it's to difficult and unprofitable to relay correct information...such as covariance coefficients, beta's, alpha's, sharpe ratios etc).

It's much easier for them to say "buy this stock" and slap it in there with some other financial nonsense. If you're an average joe, I would suggest staying away from the stock market unless you're investing in a huge company like Pepsi and you're planning on holding it for years and years.

If the dollar becomes worthless then they (people, whoever) will stop exchanging gold for silver.

Inflation isn't here? Wow.

Please see inflation tax.

See inflation rate since the inception of the Federal Reserve in 1913.



I feel sorry for people who put their savings in CDs. The interest simply doesn't keep up with the rate of inflation.

The Federal Reserve Monopoly over Money

 

You obviously don't know what the hell you are talking about.

 

Coming from a guy that says inflation isn't here??? lol......While the Fed doesn't technically print money, they have exact control over it and our econmy. This isn't arguable.

Oh, you are right, but I forget why? Please explain.

 

You should check out Jim Cramers video on YouTube about how the hedge fund managers on Wallstreet can "control" the price of stock whenver they want. It shows that you're dead wrong about how the market actually works. I'll say it once, and I'll say it again: the stock market is a casino. No matter how much you think you know, you don't know anything. Unless you're an insider on Wall Street, you're totally in the dark. Don't take it from me, take it from Jim Cramer. I mean, he is only worth like $100 million bucks. He probably doesn't know what he is talking about..........

You see, it really doesn't matter what you think or say, because the top investors in the world, guys like Jim Rogers, all agree with my point of view. Unless you're a better investor than Jim Rogers, any point you make is irrelevant. Jim Rogers makes it clear that from now until 2020, it is all about investing in commodities. That means gold, silver, agriculture, oil, commodities. If you want to become rich over the next 10 years, invest in commodities.

No, the only one who doesn't know what they're talking about is you. First off, it is amazing that the person who started this thread referenced posts that I made like three years ago, and it is even more amazing to see that the things I said in 2006 and 2007 have largely come to pass.

You talk about their not being inflation Smatts9, but rising costs for energy, food, and just about everything else has been all over the news. Where do you get your information? From under a rock? I started buying gold and silver when it was much cheaper, and I've profited handsomely from it. I've protected my dollars from being eaten up by inflation. What about you?

The U.S. government is just about bankrupt friends. The U.S. has a massive trade deficit. Exports only make up a small portion of our GDP, and we actually import more stuff than we export. Our government borrows money from the Chinese to go to war. How many of you in this forum even know that the U.S. had to borrow from other countries just for the wars in Iraq and Afghanistan. Go read more before coming in this forum trying to debate, because your information is baseless. The Saudis have mulled removing their dollar/riyal peg, and the UAE has considered removing their dirham/dollar peg, but the U.S. has put pressure on them not to do so. The reason for this is because they know that if the Saudis get rid of the dollar peg, our currency will fall through the floor and lead to a crisis.

But how long do you think the Saudis and Chinese will sit by and watch their dollar denomimnated assets fall in value?

Please go read a book on economics, and I would advise a book from the Austrian school. First off, the Intrinsic value of the dollar, like all fiat currencies, is ZERO. This means the dollar has no true value, because it is paper, it is no different than the paper we use to wipe our rear end when we go to the restroom. Here is a simple question for you. With gold and silver, you have to mine underground to get it, an expensive, time consuming, and dangerous process. With the dollar, all you have to do is press a button and print it out in large numbers. Here is the question: which one DO YOU think is more valuable. The gold and silver you have to actually mine for, or the paper which you just push a button and print out?

It is really a no brainer. The laws of economics, of labor theory of value, clearly show that the gold and silver is, and will always be, more valuable than paper that is printed off a printing press.

The only difference between the dollar and toilet paper is that everyone has been "taught" that it has value. First off, if you followed Ron Paul, you would not that only gold and silver should be legal tender, and the founders of the United States believed the same thing. I challenge you to name one paper currency that has lasted five hundred years, but you won't be able to be meet my challenge, because there hasn't been one. Every country in history that has ever tried to use paper money, without backing it with either silver or gold, has collapsed, because the government became corrupt and kept spending into eternity. The Roman Empire originally used gold and silver, but by the time the empire had declined, they were already debasing their coins.

Here is a news flash for you guys: The pennies, dimes, quarters, and nickels Americans use every day have little, if any gold or silver in them. They stop using silver in the JFK half dollars in the 1960s, and the coins Americans use have been debased. Why do you think that is??

I'm going to make this simple for you, because I haven't been posting a lot in this forum lately, but I decided to today. If the dollar tanks, and I have large amounts of gold and silver, and you come to me with your worthless dollars trying to get some of my gold and silver, and I'm going to tell you to get away from me, because no person in their right mind will exchange gold and silver for a paper currency that has become worthless. I can go to any country in the world, and even if I don't speak the language, if I have gold and silver, the people will recognize and accept it. The same thing cannot be said for the dollar, because it is not as good and gold or silver, and people in other countries are already starting to reject it.

By the way, In Amsterdam and New York, people are starting to give you a hard time if you're using dollars to pay for anything, I just thought I'd let you know that..........shopkeepers in New York now prefer Euros.......keep in mind that the Euro is not even the official currency of any country, and it has been in existence for less than 10 years, and it is crushing the American dollar, that shows you how valuable the dollar is.....

But for the record, I hope the dollar doesn't collapse, because if it does, America is finished as a world super power. It will never again gain a dominant position if our dollar collapses, so we'll see what happens over the next five years, because I've already been right so far.

 

nice write tesla.

as of this writing, gold has dropped to 887. at what price do you think is a good price to go in?

 

Start buying as much gold and silver as you can right now! I would also concentrate on buying silver if you're looking to earn a nice profit, since silver is very likely to outperform gold, and has not moved in the way it should. Silver should be six times more valuable than what it is currently traded at.

 

i think buy as much as possible is a bit exaggerated. the key in investment is diversification. anyway i agree to top up on gold

 

LOL invest in a different currency like the british pound. I will sell you some if you like . Nah just kidding. If everyone moves away from the dollar then the situation is only going to get worse.