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<p>[QUOTE=&quot;doug444, post: 1978182, member: 38849&quot;]You are overlooking the fundamental premise of acquiring gold and silver -- it is not done on its own merits, but to simply preserve the purchasing power of your current assets, which for most of you -- means ummm, <i>paper</i> dollars.</p><p><br /></p><p>Acquiring PM&#039;s happens to be more convenient and more liquid than buying farms or paintings or stamps or ammunition or Swiss francs.&nbsp; If I personally didn&#039;t believe that significant inflation (or less likely, hyperinflation) were coming, I wouldn&#039;t buy junk silver; I&#039;d use that money to buy (gradually) a knockout 19th Century type set, HT and CW tokens, and other items of numismatic interest.&nbsp; I wouldn&#039;t have sold 20% of my collection to buy junk silver for my clueless heirs.</p><p><br /></p><p>I won&#039;t be here to see it happen; NO ONE, however, can point to any nation&#039;s fiat-money scheme of the past 200 years and find anything other than massive inflation, a bad end-game, and trashed dreams.</p><p><br /></p><p>We were blessed with abundant resources, relatively low-cost energy until the early 70s, a relatively low rate of population growth, and a physical geographical location secure from the horrors of World Wars I and II, other than Pearl Harbor.&nbsp; All those advantages and benefits have been squandered and pimped by the morons in Washington.&nbsp; The new standard of living will require some painful adjustments by the middle class.&nbsp; Having PM&#039;s in hand - helps.</p><p><br /></p><p>Even if you buy Midas Mufflerettes, those rounds also good for a free oil change, you are waaaaay ahead of the optimist who buys nothing.&nbsp; You won&#039;t need as many oil changes when the crunch comes -- gas will be $12 a gallon.&nbsp; Not possible, you say?&nbsp; It&#039;s already $9.75 in Norway, highest among the developed countries.[/QUOTE]</p><p><br /></p>

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