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<p>[QUOTE="ConfederateHalf, post: 1234520, member: 27946"]<b>Current economic situation unprecedented in US History</b></p><p><br /></p><p>The key words in your post were:</p><p><br /></p><p>"As soon as the current recession and national debt issues are behind us (months?, years?)..."</p><p><br /></p><p>That's a mighty smug assumption and it belies a "business as usual attitude" that ignores the realities of the fiscal crisis the U.S. and other major western powers are presently in.</p><p><br /></p><p>The reason people are still buying is that the United States is headed straight towards a national default of unprecented historical proportions. When this happens, there is a widespread belief that Federal Reserve Notes are going to be about as valuable as toilet paper.</p><p><br /></p><p>The only way to have any money that will be accepted in such a crisis will be if you are holding "hard money" - i.e. gold and silver specie - thus the continued demand for bullion despite all efforts by governments to manipulate and hold down the prices of these two commodities.</p><p><br /></p><p>Anyone who has not continued to build up their supply of PM bullion is going to be crying when our fiat money system finally, inevitably, implodes.[/QUOTE]</p><p><br /></p>
[QUOTE="ConfederateHalf, post: 1234520, member: 27946"][b]Current economic situation unprecedented in US History[/b] The key words in your post were: "As soon as the current recession and national debt issues are behind us (months?, years?)..." That's a mighty smug assumption and it belies a "business as usual attitude" that ignores the realities of the fiscal crisis the U.S. and other major western powers are presently in. The reason people are still buying is that the United States is headed straight towards a national default of unprecented historical proportions. When this happens, there is a widespread belief that Federal Reserve Notes are going to be about as valuable as toilet paper. The only way to have any money that will be accepted in such a crisis will be if you are holding "hard money" - i.e. gold and silver specie - thus the continued demand for bullion despite all efforts by governments to manipulate and hold down the prices of these two commodities. Anyone who has not continued to build up their supply of PM bullion is going to be crying when our fiat money system finally, inevitably, implodes.[/QUOTE]
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