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In reply to the discussion: What do you make of investing in gold and silver? [View all]Lurks Often
(5,455 posts)Last edited Sun Jan 20, 2013, 06:43 PM - Edit history (1)
I fully expect that at some point that the values of gold and silver will depreciate again.*
If it is in some belief that society will collapse then they haven't thought things through.
You can't eat the silver or gold and if I have food and water, I'm not going to trade for silver or gold.
And if society does collapse and it really is the End Of The World As We Know It (exceedingly unlikely) then mean, grumpy people like myself who own guns are going to band together with other like minded people and take the damn gold & silver anyway if we want it that bad.**
*Taking financial advice from me would be unwise
** Read Lucifer's Hammer by Larry Niven & Jerry Pournelle for a well reasoned glimpse of what might happen if society collapsed and the people who enforced the laws weren't around. It isn't a happy book though.
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