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

Discussion in 'General Chat' started by webwork, Mar 27, 2008.

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  1. webwork

    webwork Banned

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    #41
    Then what should we do, all hold on to it till it tanks and is worth nothing?

    The currency is built to fail.
     
    webwork, May 6, 2008 IP
  2. wisdomtool

    wisdomtool Moderator Staff

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    #42
    It will not be for the near future, but nations are smart, they are slowly moving from the USD as reserve currency. Such reserve currency status allows the economy to have massive deficit at zero interest rates, but such status are slowly changing. You can change immediately because of the economical impact, but the change is significant.

     
    wisdomtool, May 6, 2008 IP
  3. Boogie Nights

    Boogie Nights Banned

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    #43
    I am buying canned goods, bottled water and AMMO. I see Mad max coming soon and maybe worse. Get ready to eat the neighbors...
     
    Boogie Nights, May 6, 2008 IP
  4. wisdomtool

    wisdomtool Moderator Staff

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    #44
    It isn't that bad, compare the indicators to the Great Depression this is just a blip, no worries, we can weather through it.

     
    wisdomtool, May 7, 2008 IP
  5. Boogie Nights

    Boogie Nights Banned

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    #45
    The conspiracy theorist say that this is being done on purpose to introduce the "amero". I am hesitant to say that is BS anymore because in order to achieve that they would have to drive the US economy into the ground so hard that the people could do nothing but be appreciative of any "solution". Behold the Illuminati.
     
    Boogie Nights, May 7, 2008 IP
  6. Boogie Nights

    Boogie Nights Banned

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    #46
    Oh yeah, I agree that silver is a better investment since its practical value will continue to increase due to its use in circuitry and electronics.
     
    Boogie Nights, May 7, 2008 IP
  7. webwork

    webwork Banned

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    #47
    That is the plan...

    A damn good one, too.
     
    webwork, May 7, 2008 IP
  8. homebizseo

    homebizseo Peon

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    #48
    I will protect my savings by investing in corn and rice.
     
    homebizseo, May 7, 2008 IP
  9. wisdomtool

    wisdomtool Moderator Staff

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    #49
    That's a wise choice, given the shortage of supply and disruption in the rice producing countries, it will sure go up.

     
    wisdomtool, May 7, 2008 IP
  10. webwork

    webwork Banned

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    #50
    Yes, speculate in these kinds of things so the prices can go up even further. I bet starving children in Asia and Africa would be proud you're protecting your savings.
     
    webwork, May 7, 2008 IP
  11. wisdomtool

    wisdomtool Moderator Staff

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    #51
    Baisically it isn't the small investors tha can make an impact on hedging of such commodity but the institutional players. Small players cant even cause a blip on the supplies.

     
    wisdomtool, May 7, 2008 IP
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