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What effect does a devalued dollar have on precious metals?
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<p>[QUOTE="JCB1983, post: 1369273, member: 23885"]I imagine it in a different light. Have you ever lived where a hurricane came through? Well after it is over, it is surprising something strange happens. The neighbors come out, and everyone teams together. Chainsaws are running, and things are happening. I see a 33% inflation rate as the tool that will speed up the oncoming hurricane. The collapse will hit, and hit hard. If you live in an urban environment it will not be good. But the pyramids of Giza were built in 75 years. It is in the opinion of some that we will pull out of whatever collapse faster than expected. I would say that going into high inflation, the value of silver would go up. If the dollar completely collapses, the wealthy would continue to invest in PM's, but everyone else could care less. </p><p><br /></p><p>After that I believe we have a change in the perception of humans towards fiat currency. I do not believe anyone would trust in printed money/non physical for a long time. Perhaps PM's would then be used for exchange in the barter system. History repeats itself right?[/QUOTE]</p><p><br /></p>
[QUOTE="JCB1983, post: 1369273, member: 23885"]I imagine it in a different light. Have you ever lived where a hurricane came through? Well after it is over, it is surprising something strange happens. The neighbors come out, and everyone teams together. Chainsaws are running, and things are happening. I see a 33% inflation rate as the tool that will speed up the oncoming hurricane. The collapse will hit, and hit hard. If you live in an urban environment it will not be good. But the pyramids of Giza were built in 75 years. It is in the opinion of some that we will pull out of whatever collapse faster than expected. I would say that going into high inflation, the value of silver would go up. If the dollar completely collapses, the wealthy would continue to invest in PM's, but everyone else could care less. After that I believe we have a change in the perception of humans towards fiat currency. I do not believe anyone would trust in printed money/non physical for a long time. Perhaps PM's would then be used for exchange in the barter system. History repeats itself right?[/QUOTE]
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