johnbrickner wrote:The rest of the world comes up with a reserve currency they would rather use than the U$ Dollar.
Bingo
johnbrickner wrote:The rest of the world comes up with a reserve currency they would rather use than the U$ Dollar.
pennypicker wrote:scyther wrote:That's a really interesting story, thanks for sharing it. About 10 years ago, I was putting all my money into Yu-gi-oh! cards. I was just buying them for fun, but I did hope they might go up in value. Looking back, precious metals would've been a better thing to buy. Maybe 10 years later, the opposite is now true... perhaps I should go buy a booster pack...
You're welcome. Pre-1980 certified unopened baseball packs are on fire right now and the prices area going up monthly. So keep you eyes open at yard sales, flea markets etc. and if your lucky you might come across someone who doesn't know the value of what they have and you could score big!!!
50centsaver wrote:I too appreciate the economy lessons from those far smarter than me. The reason I am here is I tried to change careers 5 years ago to try to learn options trading. I was going to get rich and donate millions to needy causes, right? Wrong. I'm lucky I came out alive. Had some huge wins but far more loss. I considered it going to global economy school/was immensely interesting being thrown into global issues. It's a big world out there. So I considered my losses as college tuition. Thru that education I became introduced to PM, which I am thankful. Another "something good" out of my losses overall. I'm not a Robert Prechter fan or critic, but became aware of him, and do respect him as someone spending his life on his career. If I remember right, his prediction is that gold will eventually go down to the approx $680 range, and silver approx $8.50. It may be possible that if it gets that low there will be none to buy? If those prices happened tomorrow imagine the scurrying to the local coin shops/the long lines of us "1%ers".
And someone wrote: "Ask someone in your daily routines what would happen if we didn't have a currency or what would we use as a currency if the USD wasn't worth anything. The answers are astonishing - 2/3 the time PMs are not even brought up..."
What was brought up? Bartyring goods? food, ammo, essential items?
Silverfondler wrote:
To answer your question. The answers I receive are literally nothing. These people cannot fathom a world without our current fiat currency. And, to me its really scary and astonishingly unbelievable to think that common man just doesn't have a clue. Honestly when the time is right, ask someone what is money? and after there initial BS answers challenge them to answer more specifically of what it is? What is it backed by? says who? etc. I can almost guarantee you will be astonished with the answers you get.
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