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<p>[QUOTE="1865King, post: 5305258, member: 103207"]I've always found the discussion on gold and silver entertaining. There is good and bad when looking at silver and gold as an investment. Personally, I have a small stash of silver coins and some gold coins. I think silver and gold bars or rounds are only good if someone is willing to take them. So basically a waste of money. Silver and gold coins are great if the entire economy goes down. So as a investment it's not great. It's emergency money and it should be looked at that way. </p><p><br /></p><p>Now for the bad news related to stocks and bonds. Lets assume the markets crash. I'm not talking about a drop in value I'm talking about total or close to total wipe out. 1929 was a close to wipe out. That would also mean the federal government can no longer back it up. Then the stocks and bonds have zero value. In other words your stocks and bonds are toilet paper. This can happen and has happened. You could have a thousand shares in Microsoft but, if Microsoft goes under you have ZERO. This can happen. You can have all the paper you want but if no one wants it your done. </p><p><br /></p><p>Right now I have no idea why the stock market is as high as it is. There is no reason with the amount of people out of work and the government just printing paper money with nothing backing it at some point the federal reserve will implode. Everyone needs to understand that the cities and towns are not getting the tax income they were normally getting so they will run out of money soon. What can they do? Get rid of their employees, stop paying for health care, stop paying pensions and all the benefits they give out. So what can they do? The state governments are in the same boat. So what's next go to the federal government? Guess what they have the same problem. So their only choice is to print more green toilet paper. See the picture below of Germany after WW 1.[ATTACH=full]1223809[/ATTACH] [ATTACH=full]1223811[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="1865King, post: 5305258, member: 103207"]I've always found the discussion on gold and silver entertaining. There is good and bad when looking at silver and gold as an investment. Personally, I have a small stash of silver coins and some gold coins. I think silver and gold bars or rounds are only good if someone is willing to take them. So basically a waste of money. Silver and gold coins are great if the entire economy goes down. So as a investment it's not great. It's emergency money and it should be looked at that way. Now for the bad news related to stocks and bonds. Lets assume the markets crash. I'm not talking about a drop in value I'm talking about total or close to total wipe out. 1929 was a close to wipe out. That would also mean the federal government can no longer back it up. Then the stocks and bonds have zero value. In other words your stocks and bonds are toilet paper. This can happen and has happened. You could have a thousand shares in Microsoft but, if Microsoft goes under you have ZERO. This can happen. You can have all the paper you want but if no one wants it your done. Right now I have no idea why the stock market is as high as it is. There is no reason with the amount of people out of work and the government just printing paper money with nothing backing it at some point the federal reserve will implode. Everyone needs to understand that the cities and towns are not getting the tax income they were normally getting so they will run out of money soon. What can they do? Get rid of their employees, stop paying for health care, stop paying pensions and all the benefits they give out. So what can they do? The state governments are in the same boat. So what's next go to the federal government? Guess what they have the same problem. So their only choice is to print more green toilet paper. See the picture below of Germany after WW 1.[ATTACH=full]1223809[/ATTACH] [ATTACH=full]1223811[/ATTACH][/QUOTE]
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