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<p>[QUOTE="doug444, post: 1960035, member: 38849"]The problem with your analysis -- we are living TODAY in unprecedented times. The money supply has NEVER increased exponentially before. The debt levels have NEVER exploded so rapidly before. The average household (now I speak of the last 50 years) has NEVER seen its net worth decline 30%. The Fed has NEVER played such an enormous role in our day-to-day lives. Financial crime has NEVER been this pervasive or dismissive or manipulative; you need only look at the billion-dollar fines levied on banks and corporations to see how far we've sunk, and how fast we're sinking.</p><p><br /></p><p>Some of the "old" rules no longer work. For the time being, the majority of you will not let go of the old rules, nor adapt to new ones. Where medoraman and I agree, we agree strongly -- the only point to buying PM's is to preserve purchasing power, but unfortunately, the vast majority of Americans tally up their assets strictly in depreciating dollars, and if they are wrong, they will (again) be devastated.</p><p><br /></p><p>Buying food, weapons, fuel, etc., is <u>an entirely different issue</u>. As I have taken pains to explain, if and when <b>medicines</b> are cut off, some of us will never live to open that second crate of chicken soup, and I expect that's the way it will play out.</p><p><br /></p><p>==========</p><p>By the way, with savings and money market accounts earning south of 1%, it doesn't matter that gold doesn't pay dividends. Nor will the $40/year for a SDB (big enough for all the gold you're ever likely to accumulate) bust your budget. Because I hold about 95% silver, my storage charges are higher, but considering the risk profile, that doesn't matter either. There's plenty of excuses not to buy PM's.[/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 1960035, member: 38849"]The problem with your analysis -- we are living TODAY in unprecedented times. The money supply has NEVER increased exponentially before. The debt levels have NEVER exploded so rapidly before. The average household (now I speak of the last 50 years) has NEVER seen its net worth decline 30%. The Fed has NEVER played such an enormous role in our day-to-day lives. Financial crime has NEVER been this pervasive or dismissive or manipulative; you need only look at the billion-dollar fines levied on banks and corporations to see how far we've sunk, and how fast we're sinking. Some of the "old" rules no longer work. For the time being, the majority of you will not let go of the old rules, nor adapt to new ones. Where medoraman and I agree, we agree strongly -- the only point to buying PM's is to preserve purchasing power, but unfortunately, the vast majority of Americans tally up their assets strictly in depreciating dollars, and if they are wrong, they will (again) be devastated. Buying food, weapons, fuel, etc., is [U]an entirely different issue[/U]. As I have taken pains to explain, if and when [B]medicines[/B] are cut off, some of us will never live to open that second crate of chicken soup, and I expect that's the way it will play out. ========== By the way, with savings and money market accounts earning south of 1%, it doesn't matter that gold doesn't pay dividends. Nor will the $40/year for a SDB (big enough for all the gold you're ever likely to accumulate) bust your budget. Because I hold about 95% silver, my storage charges are higher, but considering the risk profile, that doesn't matter either. There's plenty of excuses not to buy PM's.[/QUOTE]
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