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<p>[QUOTE=&quot;edteach, post: 14200209, member: 85141&quot;]I don&#039;t agree. I will set aside viability of gold and silver as a world reserve currency, but if it was, it would take it out of the Gov. hands to just make it up or pull it straight out of their rear end deflating the value and it would have then intrinsic value.&nbsp; The US has so much debt and it just keeps printing money and going deeper into debt that we will hit a wall at some point. If the Chinese and Russians and others succeed in taking the US dollar from the World Reserve Currency or removing it as the petro dollar. The value will drop and I don&#039;t think by a small amount. Nothing and I mean nothing goes up and stays up forever. At some point the USA will fail and that is looking more and more like not in the to distant future.</p><p><br /></p><p><span style="color: #ff4d4d">edited</span> I think Gold and Silver are kept suppressed in value for the reason that those in power do not want precious metals to be seen as a tangible form of value. From what I have read on gold and silver and zinc reserves the world is set to run out around 2035.</p><p><br /></p><p>The other big thing is we have way too many people on the planet. The estimate is that the earth can sustain around 4 billion people. We have 8 and counting. Too many people chasing ever fewer resources and now the third world wants and has cell phones, cars and wants to live like people do in the western civilization. There is not enough of most anything to keep this up.</p><p><br /></p><p>Eventually sooner or later the paper dollar will collapse under its own weight of debt. There has never been a fiat currency that has survived very long. I would bet people living in Wiemar Germany did not think that it would take a literal wheelbarrow&nbsp; load of paper money to buy a loaf of bread. A German mark from that time only has a small collector value. I can buy them for around 3 to 5 bucks for hyper inflationary notes. Now the silver and gold produced coins of that time still have value that goes up both intrinsic and extrinsic. A third Reich 5 RM coin is still 90% silver and will have a minimum value for its silver. It also has collector value but it will never lose its silver value.[/QUOTE]</p><p><br /></p>

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