by beauanderos » Mon Nov 28, 2011 8:28 am
Without taking the time to go back and see who raised each point, let me just say that... logically... your concerns are valid. But then consider this. You're worried that someone might have to liquidate their holdings in order to get by. Who would that be? Well, most likely... one of the 99%. One who, most likely, would not have that much worth socked away in precious metals in the first place, comparitively speaking, to one of the 1%. What is the statistic anyway? The top one percent control something like 50 or 70% of the wealth? Yes, in a recession or depression... there will be FEWER buyers for precious metals. Will this result in a pullback in prices? Not if those fewer buyers have GREATER wealth than the sellers. As this whole "race to the bottom" of depreciation of ALL global fiat currencies accelerates, those who are wealthy are beginning to wake up and smell the coffee. What do you think they talk about at their lavish soirees aboard their super yachts? As they cavort about in their expansive suites in the towers of Dubai? As they attend their polo matches or watch their stables of thouroughbreds race at the Kentucky Derby? Do you think they worry about gasoline going up? About the price of bread? Heck no, they laugh with sidesplitting mirth, at the travails of the little people... of the vanishing of the middle class... if they think about these issues or that social class, at all. Most likely, the middle class are invisible to them, a mere "working class" herd. No... what they talk about is finance. And in the world of jet-setters, they talk in millions of dollars, as we talk in hundreds. And as more and more billionaires purchase purchasing power insurance (they aren't "investing" as they don't need to earn money in that sense, they need to protect and preserve what they already have), it is becoming trendy to obtain gold in vast amounts, and that is what you would hear being whispered about in conversation, were you able to eavesdrop. Not so much so silver, as it is not easily sourced... but as the one percent will help ensure a continuous price rise of gold, so shall the 99% assist in the rise of silver. Yes... some people will be forced to sell what they have to in order to survive, money has a way of moving from weak hands to strong, but if you personally are approaching a point where you are considering selling low, with a plan to buy back lower... you might want to scrutinize your budget and see if there aren't lifestyle changes you could make, dramatically modifying your spending... even on a drastic basis, to increase your discretionary pool of funds, in order to preserve what precious metals you might have now. Even draconian measures to retain your REAL money would be preferable to cashing it in now, particularly if you're only going to "waste" the funds obtained on frivolous items like fancy electronics toys, Starbucks, dining out too often, the latest fashions, unnecessary vacation travel, an unneeded second car, etc. It is far better to scrimp NOW, in the name of delayed gratification... and purchase or maintain your precious metals stash, then it is to continue the self-indulgent lifestyle that most sheeple are engaged in, oblivious as they are to the economic crisis that continues to worsen about them. At some point in time, your stoicism will be rewarded, and you will no longer find living a spartan lifestyle exigent... but will instead be able to purchase ANYTHING you desire... because of the sacrifices you made earlier. IMHO
The Hand of God moves Worlds
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