Good for you if you do. If you don’t physically have it in your possession, a piece of paper saying you have it, during a collapse, is worthless. I seriously doubt things like internet and apps will still be working if the dollar collapses. At least in the US.
1000 years of Roman civilization in the West and another thousand years of Roman civilization in the East (Byzantium). Not bad. China's had 5000 years of civilization punctuated with periods of instability, incredible violence, colonialism and now communism. I have no idea what the future holds but I suspect America won't be around forever. I'm not expecting it to be gone any time soon. If the dollar collapses, we're in trouble. If it declines somewhat and the era of easy money comes to an end, as it should, we'll survive unless crazy, ideologically-driven people convince enough other people that their way to transform America is the only way to make it better. I like democracy and I like having my team lose elections once in a while. They get to try again in a couple of years. I'm cool with that.
So you buy silver to be worth a lot of dollars in the future. But the dollar is going away. So what happens to the value of your silver in dollars if there are no dollars?
There was govt overreach. A lot of Trump supporters don't seem to remember that he supported lockdowns and handed policy to Fauci. We now know the lockdowns and much of the govt response was unnecessary--social distancing and the vaccine worked fine. Covid primarily ripped through elderly communities, hit the obese and those with co-morbidities hard. That put a strain on our healthcare system and resources. Govt overreaches at times, especially during wars and crises. I hope it learned from this.
That’s my point.
That would appy to eastern and plains tribes. But from what is now the southwest USA all the way down to central and south America gold and silver were prized.
You are missing the whole point. So you made a lot of dollars, yay! Good for you. But what happens when the dollar value goes to zero. There are already cracks in the petrodollar hegemony. So what happens when the world wide demand for dollars drops from 6 billion people to 350 million people?
It is scary, but the one truth in the personal investing world is to stay diversified. That has proven to be a winning strategy ever since the modern day notion of retirement has been around. Putting all your marbles in one or two baskets tends to be boom or bust.
There seems to be a fair amount of willful ignorance when of this boards level of sarcasm and smartassery
Hold on. My CPAP won't work. Holy crap. Run for your lives. But that is an insightful comment about a segment of the sixpackers. Gotta run. There are some kids on my lawn playing music too loud and boy are they getting an earful from me.
The definition of "soon" is the key here. How soon? I don't know. However, the "31 trillion debt and growing" will be the noose that hangs us. If we can survive until Trump gets into office, we'll be ok. But "soon" could be next week, next month, or next year. Everyone should have about 20% in precious metals (physical gold & silver, not in ETFs). Diversify is still the best way to protect yourself from most treacherous unknown financial events.
Dave Ramsey really does give out some sound advice to people who need it.
A few tons?
Free markets are a myth, free markets were a myth back when things were 'better', and free markets will continue to be a myth as long as we have any semblance of a government.
Direct question- do you wish the US were still on the gold standard?
