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Re: The FOOLPROOF way to protect real assets from any financial collapse, currency collapse or economic apocalypse*********************************** 

By: Decomposed in POPE 5 | Recommend this post (1)
Sat, 07 Dec 19 7:01 PM | 36 view(s)
Boardmark this board | Pope 5 		Msg. 46375 of 62138
(This msg. is a reply to 46374 by micro)
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micro:

Re: "IF the money we pay for the gold coins, ingots, bars, whaever is gouing to be devalued, why then do bullion dealers accept thae very thing they tell you is going to be worthless for payment ?????"Two answers come to my mind quickly.

First, who says that the dealers believe this? Maybe they are just telling us this in order to make a sale.

Second, you could as well ask me why *I* have dollars. The answer is that dollars are the CURRENT medium of exchange. Gold and silver are likely FUTURE mediums of exchange. But we live in the present, and today's world requires dollars in order to make purchases.

You know the phrase, "All things in moderation." A prudent person keeps a portion of his wealth in BOTH: Dollars to facilitate current transactions; Gold as insurance against currency collapse.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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Re: The FOOLPROOF way to protect real assets from any financial collapse, currency collapse or economic apocalypse***********************************
By: micro in POPE 5
Sat, 07 Dec 19 6:44 PM 		Msg. 46374 of 62138

Okay.
Here isa question I would like answered.

IF cash is so worthless opr going to be worthless, (and please don't tell me about fiat currency or stuff like that as I have been investing over 40 years already), I also know the present value of a dollar very well, so here is the question.

IF the money we pay for the gold coins, ingots, bars, whaever is gouing to be devalued, why then do bullion dealers accept thae very thing they tell you is going to be worthless for payment ?????

According tto their story, the GOLD will hold its value and the fiat paper will lose its buying power so why then are they willing to take your paper currency and give you gold for it????

Seems like something just doesn;t make sense here.....

Just wondering....

and btw, the ideas that followed about where and how to hide gold coins is really bizarre...

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