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IS IT WISE TO COLLECT GOLD/SILVER COINS CIRCULATED?
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<p>[QUOTE="afantiques, post: 2663192, member: 71234"]The US economy is in fantastic shape compared with the pre-collapse state of all other countries that have historically suffered a complete collapse in their paper money.</p><p><br /></p><p>Going from very rich to merely rich may seem like the end of days to some. A little perspective shows this to be nonsense. You are bankrupt if you have liabilities and no assets or means of earning anything.</p><p>Every home, every mile of highway, every acre of productive farmland, every oil or gas well, every physically and mentally capable citizen is a real asset, add all these up and you are going to need a new 'illion' word to follow million, billion and trillion.</p><p><br /></p><p>I'd not be at all surprised if there were enough people in the US who could stump up a million each to find a handy trillion or two from their personal assets, without any great hardship.</p><p><br /></p><p>There may be some agenda that is served by claiming the sky is falling, but there is no practical reason for hoarding PMs in the hope they will make you solvent when all others are broke.</p><p><br /></p><p>Saving as an inflation hedge makes sense, saving so you are not caught short in a personal emergency makes sense but saving silver coins in the expectation that some day you may be routinely spending them is as realistic as collecting unicorn horns.[/QUOTE]</p><p><br /></p>
[QUOTE="afantiques, post: 2663192, member: 71234"]The US economy is in fantastic shape compared with the pre-collapse state of all other countries that have historically suffered a complete collapse in their paper money. Going from very rich to merely rich may seem like the end of days to some. A little perspective shows this to be nonsense. You are bankrupt if you have liabilities and no assets or means of earning anything. Every home, every mile of highway, every acre of productive farmland, every oil or gas well, every physically and mentally capable citizen is a real asset, add all these up and you are going to need a new 'illion' word to follow million, billion and trillion. I'd not be at all surprised if there were enough people in the US who could stump up a million each to find a handy trillion or two from their personal assets, without any great hardship. There may be some agenda that is served by claiming the sky is falling, but there is no practical reason for hoarding PMs in the hope they will make you solvent when all others are broke. Saving as an inflation hedge makes sense, saving so you are not caught short in a personal emergency makes sense but saving silver coins in the expectation that some day you may be routinely spending them is as realistic as collecting unicorn horns.[/QUOTE]
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