Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Gold prices and silver, 50 years?
>
Reply to Thread
Message:
<p>[QUOTE="jolumoga, post: 1854524, member: 41780"]Wishful thinking? Maybe. But a part of me knows that gold at $10,000 would be socially disastrous, maybe even for myself. This price would also imply high inflation, which means that amount of money will probably not mean as much as it does today.</p><p><br /></p><p>I do like the idea of doing more backpacking and living like a king in, say, Prague. I suspect in a world of a dollar collapse there might be more capital and even travel restrictions, though. I picture something between what we have right now and Orwell.</p><p><br /></p><p>I just think the global debt problems are coming to a head and that we will see a monetary reset sooner than most think. I also understand the skepticism, since the collapse has been predicted innumerable times in the past by silver gurus. I also understand that fear porn is irritating to some here, especially since some members have their life savings in stocks. Since gold/silver is anticorrelated with the dollar and other paper assets, my gain is their loss. But again, I do not wish for anyone to suffer. Actually, I hope for both paper and hard assets to do well, which might be the case in the current environment, especially if monetary inflation (QE) continues, which is more than likely.[/QUOTE]</p><p><br /></p>
[QUOTE="jolumoga, post: 1854524, member: 41780"]Wishful thinking? Maybe. But a part of me knows that gold at $10,000 would be socially disastrous, maybe even for myself. This price would also imply high inflation, which means that amount of money will probably not mean as much as it does today. I do like the idea of doing more backpacking and living like a king in, say, Prague. I suspect in a world of a dollar collapse there might be more capital and even travel restrictions, though. I picture something between what we have right now and Orwell. I just think the global debt problems are coming to a head and that we will see a monetary reset sooner than most think. I also understand the skepticism, since the collapse has been predicted innumerable times in the past by silver gurus. I also understand that fear porn is irritating to some here, especially since some members have their life savings in stocks. Since gold/silver is anticorrelated with the dollar and other paper assets, my gain is their loss. But again, I do not wish for anyone to suffer. Actually, I hope for both paper and hard assets to do well, which might be the case in the current environment, especially if monetary inflation (QE) continues, which is more than likely.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Gold prices and silver, 50 years?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...