imacer said:
I am sorry but if you people are wishing the dollar falls apart with our economy will follow, and throwing the rest of the country into anarchy so you can make a quick bucks off you piles of silver and gold. If this really happens (which I hope to god does not) are you really going to be safe selling your gold/ silver, also with the talk of other countries that are in the hole across the world what kind of paper money will you be paid with that won't fizzle out with the rest of the world. I say this becseu I know even from the economic crisis when we cough the whole world catches a cold, when we fall the whole would will follow.
Look I know I sound a little harsh and I know most of us just like making money more than the next guy, but hoping for our country's system of currency to fail seems UnAmerican, because you want us to fail as a nation so you can make quick money.
As for the prices of metals I think when they hit 30.00 then it will go back to a correction stage.
Your post seems to assume that any of us here have any control or power over the dollar or economy, as if those wishing silver and gold go up are somehow responsible for whatever happens to the dollar and/or economy. I don't think anyone on this blog works for the fed reserve or congress, but I might be wrong.
Next, let's assume that the economy and dollar are heading lower and/or into the crapper. If that were to happen, where would you like your assets to be? In dollars, stocks or PMs? You would want them where they would serve you the best I would assume.
Many here have been investing our precious "dollars" into PMs for years to the dismay of our friends/families. Now, said friends and family members are telling us we were right and wishing they had heeded our advice. Does it feel good to be right? Yes. Does it feel good to see our investments going up? Yes. But none of these feelings mean we wish that the world/economy/dollar will go to hell in a hand basket.
But if one believes that said things are going to happen, why not position oneself into a commodity/investment that will protect ones assets the best way possible. Will the country evolve into Mad Max type land? I don't think so. But I do believe there will be protests (nice word for riots), lots of unemployment and the same type of things that happened in the Great Depression. However, nowadays, the US populace generally doesn't have the same morals, work ethic or demeanor as our grandparents, etc, had in the depression, thus the results of what we could get now might be worse in many ways.
So go ahead and call us un-American for owning gold/silver and for feeling good we are doing our best to protect ourselves and families if you wish, but don't be a buzz kill for those of us who made good choices and feel a bit of gladness that we were right even though everyone around us thought we were foolish.
Just my opinion and 2 cents.
Jim