Follow-on thought. Watching the above video, I THINK he may be talking about silver / gold as an investment, with the thought of buying low and selling high. I've never seen metals in that way... I am a hoarder, and I try to forget it's there at all. It will only come out when there is no other medium of exchange, when currency is worthless. That's not an "investment" IMHO, it's a hedge against economic disaster.
There might be room for "investment" as silver is so manipulated to such a low price that when it snaps back to where it should be one could make a "profit".
That being said people have been saying silver is too cheap for decades.
So I wonder what real value could be attached to silver when TSHTF? What, for example, could pre-1964 silver US coins, could be used to buy a week's worth of groceries? One silver troy ounce? Two? Or fractions thereof? Of course we cannot know the value until the actual event occurs, as the market -- buyers and sellers -- will set the value, not some metals speculator or manipulator in some far-off city. I suspect that local realities will prevail and a troy ounce in east Tennessee will have a different value from Long Island, NY.... or Sacramento, CA.
I've consistently seen for several years from finance people that once the paper fails and silver finds its true price, it will revalue at $300-600 an ounce.
Follow-on thought. Watching the above video, I THINK he may be talking about silver / gold as an investment, with the thought of buying low and selling high. I've never seen metals in that way... I am a hoarder, and I try to forget it's there at all. It will only come out when there is no other medium of exchange, when currency is worthless. That's not an "investment" IMHO, it's a hedge against economic disaster.
There might be room for "investment" as silver is so manipulated to such a low price that when it snaps back to where it should be one could make a "profit".
That being said people have been saying silver is too cheap for decades.
So I wonder what real value could be attached to silver when TSHTF? What, for example, could pre-1964 silver US coins, could be used to buy a week's worth of groceries? One silver troy ounce? Two? Or fractions thereof? Of course we cannot know the value until the actual event occurs, as the market -- buyers and sellers -- will set the value, not some metals speculator or manipulator in some far-off city. I suspect that local realities will prevail and a troy ounce in east Tennessee will have a different value from Long Island, NY.... or Sacramento, CA.
I've consistently seen for several years from finance people that once the paper fails and silver finds its true price, it will revalue at $300-600 an ounce.
WHOA! Really? Well then, I feel a lot better about my strategy. Hoard the stuff and never touch it until it's the only thing left with value.
They've really proven it by showing how big players automatically move in and intercede when the price starts to climb