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<p>[QUOTE="doug444, post: 1482556, member: 38849"]Model77, you are exactly right. I hope I NEVER have to sell the junk silver I've accumulated, and when hyperinflation comes, 2014 or 2015, my retirement savings will have been protected. If I'm wrong, there will still be a LOT of people who are <u>wronger</u>, LOL. </p><p><br /></p><p>Their fruits of a lifetime of work will have been wiped out; the amount of wealth already LOST in this country just from 2007 to 2012 (due to lower housing prices, most families' primary asset) is in the trillions of dollars. From Marketwatch:</p><p><br /></p><p><u>"...$7.38 trillion.</u>That’s the amount of wealth that’s been lost from the bursting of housing bubble, according to the Federal Reserve’s comprehensive Flow of Funds report. It’s how much homeowners lost when housing prices plunged 30% nationwide. The loss for these homeowners was much greater than 30%, however, because they were heavily leveraged."[/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 1482556, member: 38849"]Model77, you are exactly right. I hope I NEVER have to sell the junk silver I've accumulated, and when hyperinflation comes, 2014 or 2015, my retirement savings will have been protected. If I'm wrong, there will still be a LOT of people who are [U]wronger[/U], LOL. Their fruits of a lifetime of work will have been wiped out; the amount of wealth already LOST in this country just from 2007 to 2012 (due to lower housing prices, most families' primary asset) is in the trillions of dollars. From Marketwatch: [U]"...$7.38 trillion.[/U]That’s the amount of wealth that’s been lost from the bursting of housing bubble, according to the Federal Reserve’s comprehensive Flow of Funds report. It’s how much homeowners lost when housing prices plunged 30% nationwide. The loss for these homeowners was much greater than 30%, however, because they were heavily leveraged."[/QUOTE]
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