FOFOA continues his debate/education of Rick from Rick's Picks question of "why not deflation?" This is a large very comprehensive post. You should try to read it all. It is also a very good overview of the many forces at work under the surfaces of monetary opacity. He comes to the same conclusion about our monetary system that I have: Hyperinflation.
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Showing posts with label deflation. Show all posts
Showing posts with label deflation. Show all posts
Silver vs Gold
Statement:
In short: Silver is a better investment than gold for a number of reasons that end up being unimportant because of the nature of the inflation we face. Silver and gold are both great investments presently, as well as being excellent stores of value. Gold is going to cost more U.S. dollars to purchase in the future. If you want to have more USD in the coming weeks, months, and years, then buy silver now and sell it later. If you want to avoid the value loss associated with holding USD then buy silver and gold. Additionally, if you would like to preserve value in the face of a discredited (no pun intended) collapsing world reserve fiat currency which is causing havoc everywhere silver will do that too!
In short: Silver is a better investment than gold for a number of reasons that end up being unimportant because of the nature of the inflation we face. Silver and gold are both great investments presently, as well as being excellent stores of value. Gold is going to cost more U.S. dollars to purchase in the future. If you want to have more USD in the coming weeks, months, and years, then buy silver now and sell it later. If you want to avoid the value loss associated with holding USD then buy silver and gold. Additionally, if you would like to preserve value in the face of a discredited (no pun intended) collapsing world reserve fiat currency which is causing havoc everywhere silver will do that too!
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