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A trip back to 1964 proves Silver creates wealth
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<p>[QUOTE="mikem2000, post: 1542917, member: 30574"]Well, I always have said, in the unlikely event of a total financial meltdown, things like cigarettes, booze, lumber, nails, etc. would be they things that have the most value. Problem has always been storing it. What type of items are you speaking of? </p><p><br /></p><p>I have never been big on PM's in such a scenario, since you can't eat it, drink it, and it does not keep you warm and dry. In other situations, with total fiscal meltdowns, PM's have held their value because there was always some place to take them. If the Greenback had a total collapse, the effects would reach every corner of the globe. It would be an event like no other, so I just wouldn't count on PM's retaining value. PM's are really just another form on fiat currency, once removed. Once the industrial need is removed, if you think about it, they really are not worth much. Pretty much 0 Intrinsic value.[/QUOTE]</p><p><br /></p>
[QUOTE="mikem2000, post: 1542917, member: 30574"]Well, I always have said, in the unlikely event of a total financial meltdown, things like cigarettes, booze, lumber, nails, etc. would be they things that have the most value. Problem has always been storing it. What type of items are you speaking of? I have never been big on PM's in such a scenario, since you can't eat it, drink it, and it does not keep you warm and dry. In other situations, with total fiscal meltdowns, PM's have held their value because there was always some place to take them. If the Greenback had a total collapse, the effects would reach every corner of the globe. It would be an event like no other, so I just wouldn't count on PM's retaining value. PM's are really just another form on fiat currency, once removed. Once the industrial need is removed, if you think about it, they really are not worth much. Pretty much 0 Intrinsic value.[/QUOTE]
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