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Do you think the price of gold will ever reach down to 1100-1300 USD?
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<p>[QUOTE="Jim Dale, post: 7430944, member: 100459"]Many of you are fatalist with regard to PM, rare coins, bitcoins, stocks and bonds, etc. I am not saying you are wrong, just believing that if you have those items to save your butt when the U.S. economy collapses due to the value of the dollar going down the tube. All of your investments won't feed your family if there is no food on the shelves of Wal-Mart, or even toilet paper. (I never understood why toilet paper was the first thing that was emptied when Covid hit.) I am not saying that you should not invest. However, I am saying that if the economy collapses, you won't find any food on the shelf because the cost of the ingredients are too high, the minimum wage has risen to $25/hour. I have a friend that has about 50 5 gallon tubs of wheat, and others of sugar, salt, and other things. I, for one, have several cans of dried foods and ingredients and other things. We have a mechanical bread making machine that my wife uses just to keep her skills up. We also eat food from our storage to ensure that our stomachs will deal with the healthy ingredients. My kids are grown, now. (all in their late 40's) They, too, have done the same. </p><p>Anyway, I say all of this because if the economy collapses, it may take a gold coin to buy a loaf of bread. (Oh yeah, my wife has stacked our storage room with toilet paper.)[/QUOTE]</p><p><br /></p>
[QUOTE="Jim Dale, post: 7430944, member: 100459"]Many of you are fatalist with regard to PM, rare coins, bitcoins, stocks and bonds, etc. I am not saying you are wrong, just believing that if you have those items to save your butt when the U.S. economy collapses due to the value of the dollar going down the tube. All of your investments won't feed your family if there is no food on the shelves of Wal-Mart, or even toilet paper. (I never understood why toilet paper was the first thing that was emptied when Covid hit.) I am not saying that you should not invest. However, I am saying that if the economy collapses, you won't find any food on the shelf because the cost of the ingredients are too high, the minimum wage has risen to $25/hour. I have a friend that has about 50 5 gallon tubs of wheat, and others of sugar, salt, and other things. I, for one, have several cans of dried foods and ingredients and other things. We have a mechanical bread making machine that my wife uses just to keep her skills up. We also eat food from our storage to ensure that our stomachs will deal with the healthy ingredients. My kids are grown, now. (all in their late 40's) They, too, have done the same. Anyway, I say all of this because if the economy collapses, it may take a gold coin to buy a loaf of bread. (Oh yeah, my wife has stacked our storage room with toilet paper.)[/QUOTE]
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Do you think the price of gold will ever reach down to 1100-1300 USD?
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