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<p>[QUOTE="jonny oneal, post: 2423063, member: 70367"]the point being missed is what happens if the dollar were to fail? if a new president stopped paying our creditors and the dollar became worthless. in this somewhat apocalyptic, certainly possible future (if you believe what one candidate has openly vowed to do), the dollar could become like a 3rd world currency. if it did, then specie, a/k/a gold, silver, other precious metals, then become the only accepted method of paying for food, etc. this has been a major, if single, selling point of many financial advisors whose papers on this can easily be obtained. </p><p><br /></p><p>someone else mentioned using a financial advisor. beware. i tried running this idea past one and he fluffed it off. and most of them are "on the take" in that what they sell, like 'blank' fund or stock but they have a financial interest in selling it to you: usually their company owns the produce they are selling as a good investment. i think that's called a conflict of interest, but is widespread apparently.[/QUOTE]</p><p><br /></p>
[QUOTE="jonny oneal, post: 2423063, member: 70367"]the point being missed is what happens if the dollar were to fail? if a new president stopped paying our creditors and the dollar became worthless. in this somewhat apocalyptic, certainly possible future (if you believe what one candidate has openly vowed to do), the dollar could become like a 3rd world currency. if it did, then specie, a/k/a gold, silver, other precious metals, then become the only accepted method of paying for food, etc. this has been a major, if single, selling point of many financial advisors whose papers on this can easily be obtained. someone else mentioned using a financial advisor. beware. i tried running this idea past one and he fluffed it off. and most of them are "on the take" in that what they sell, like 'blank' fund or stock but they have a financial interest in selling it to you: usually their company owns the produce they are selling as a good investment. i think that's called a conflict of interest, but is widespread apparently.[/QUOTE]
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