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Reply #70: You buy and hold if you believe the purchasing power of your [View All]

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Po_d Mainiac Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 08:21 AM
Response to Reply #13
70. You buy and hold if you believe the purchasing power of your
local fiat currency is going to deteriorate further. Shit storms happen. (Japan comes to mind)

Cash was king in the immediate aftermath. ATM's weren't worth a turd when the power went down. Soon after though, it all came down to what maintained purchasing power and held value as the fiats twisted with the prevailing fallout.

Ag:Au continues to close, but 17:1 is still a long way away. Either Au drops and Ag maintains, or the two continue to rise but at varied rates. The historical value ratio will happen
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