"I shot the sheriff, but I did not shoot the deputy (while relieving them of a load of gold and silver bullion)." There, that's my sole foray into political activism today.
I just remembered I'm still in the bullion forum. Jeeez, this tends to be somewhat volatile territory. Glad I wore my official MASH souvenir Trapper John helmet!
Yeeehawww, yep, I love it. BTW, "jewelry exchange" is a code name for "den of thieves", just so you know.
Oh I'm aware this is the "Through the Looking Glass" place. Some people will call what I do (and have) here "trolling". I say the regular denizens here ARE the trolls. You can't logically troll Troll Land.
Yea I know there only a few places to go in my neck of woods. https://images-na.ssl-images-amazon.com/images/I/61LIWjalL0L._SL1000_.jpg Found my self a new safe for my gold!! Could not believe it a bolt made into a safe, LOL
Would have to be for that insane prediction to be true. Problem is everyone currently on the planet will have been dead for several hundred years by that point and they'll likely be mining it from asteroids and such by then. 10k plus gold isn't happening
Oh, I rather suspect it will, maybe even in my lifetime. But it'll be because inflation has continued, and the dollar is worth a tenth of its current value, and the apocryphal "nice suit" or "gallon of gas/milk" or "loaf of bread" also cost ten times as many nominal dollars. Those of us earning competitive salaries, or living off market-tracking investments, will just be seeing on average one extra digit on our paystubs and receipts. I've expected high inflation for the last twenty years. The fact that we haven't seen it indicates to me that I don't understand all inflation's drivers. That doesn't especially surprise or worry me. I don't see anything driving the price of gold or silver ahead of other prices in general, at least not in the long term. I see a few possibilities for them to fall behind other prices -- automated mining (perhaps in space), decreased industrial/jewelry demand, and so forth.
I recommend an iteration of the "Mexican solution", referring to when that country lopped three zeros off the end of the Peso and 1000 of them instantly became 1. Of course, we don't have to be as drastic and can instead begin with just one decimal point to start with. In any case, I'll really be looking forward to buying my next Toyota Yaris for $1,500 instead of $15,000...it'll be a steal of a deal! =
Those who advocate the buying of bullion believe in the idea of bullionism and as such are known as bullionists. All in all, that's close to verging on too much bull, isn't it?