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<p>[QUOTE="InfleXion, post: 1475342, member: 29012"]I do not believe the Mayan calendar holds any significance for our society, and I am not waiting for a Mad Max scenario. However the simple fact of the matter is that with negative real interest rates, anybody who is holding fiat or bonds is being robbed by inflation. Even equities have not gained over the last 12 years and they are supposed to be the exception. </p><p><br /></p><p>Monetary policy alone is more than enough reason to hold gold and silver, but if economic collapse does become a reality then you will need a medium of exchange external to the casino. Ammo is well and good, but what about on the other side when things calm down? Ammo's demand will be short lived, and in the long run you will want metals. Plus you might actually need that ammo for its intended purpose instead of money. Personally, I prefer to have both. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> </p><p><br /></p><p>I doubt any thinking person would see this as being a nutjob. It's just being practical. Silver used to be face value too, and now look at it. Is it really so crazy to keep your copper pennies and nickels? Not in my book. There's plenty of upside and minimal downside. If you ask me what's crazy is holding pieces of paper and intangible electronic assets that only have value because people who've broken numerous promises said so.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1475342, member: 29012"]I do not believe the Mayan calendar holds any significance for our society, and I am not waiting for a Mad Max scenario. However the simple fact of the matter is that with negative real interest rates, anybody who is holding fiat or bonds is being robbed by inflation. Even equities have not gained over the last 12 years and they are supposed to be the exception. Monetary policy alone is more than enough reason to hold gold and silver, but if economic collapse does become a reality then you will need a medium of exchange external to the casino. Ammo is well and good, but what about on the other side when things calm down? Ammo's demand will be short lived, and in the long run you will want metals. Plus you might actually need that ammo for its intended purpose instead of money. Personally, I prefer to have both. :) I doubt any thinking person would see this as being a nutjob. It's just being practical. Silver used to be face value too, and now look at it. Is it really so crazy to keep your copper pennies and nickels? Not in my book. There's plenty of upside and minimal downside. If you ask me what's crazy is holding pieces of paper and intangible electronic assets that only have value because people who've broken numerous promises said so.[/QUOTE]
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