cooyon wrote:Diggin4copper wrote:justoneguy wrote:But to UNLOAD this time ??
I really believe global depression is coming/ upon us.
when all commodities are down.
when people don't have money for necessities,
PM's aren't going to have the value that We/I had been planning on.
I guess capitulation has finally set in.
IMHO
PS
I can't dump any of my stack as it was all lost in a boating accident.
So.. If you still had your stack, and you sold it, where would you park the money?
<3
In my original response I was just playing devil's advocate,
to make you think twice about your money and it's future.
But the question about where to park it, if not in PM's
really got me to consider other options.
I am very seriously consider a PV system for as much of my electrical as i can reasonably do.
here is a DIY 7000 watt system for $7600
http://sunelec.com/pv-systems/grid-tie- ... ystem.htmlI am convinced that i could do a custom install and fit this properly on my roof.
It will produce over $100 of electricity every month, [that's at today's prices.]
I am retiring in a few years, and it sure would be nice not to get a electric bill.
selling 600 oz @ $16.67 would raise enouch cash for this.
silver would have to go up $.175 every month.
That's $2.10 every year. plus the increase in pwer co price.
I know just 1 event could trigger a 3x-4x or more increase in silver.
However if a big trigger event were to happen, I have to wonder how it would reflect in my power bill.
But a downturn in the world economy could easily mean silver @ $8.
Look at the loss of interest we have on RC's website with silver and copper down 20% in a year.
Where will the buyers be if they can't even keep their lights on?
We can ignore reality but we can’t ignore the consequences of ignoring reality.
The truth will set you free,
but first it's really going to piss you off.