Russia confirms that they are launching a BRICS currency backed by #gold. The US dollar is in trouble
(twitter.com)
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I would love this. I am just worried i get that vast amount of wealth on say a monday, and spend a week thinking what to do with it and then on the following monday gold is cheap again lol.
I don't look at silver & gold as "investments" to be bought low and sold high. Nope, I just acquire small bits of it over the years, stash it away, and try to forget that it's there... until I need it. I have absolutely NO intention of selling any of my metals in the traditional "investment" sense.
It is solely as a hedge against what I thought was coming for many years... currency collapse and hyperinflation. When the dollar is worthless, gold and silver can be bartered for basics. We also should all be gathering and stocking lead... it comes in denominations of .22, .38, 9mm .45, 5.56mm, and .308. You will need the lead to protect your gold and silver.
Also 7.62x39.
Which is now investment grade because its price is higher than 556 rounds.
That's weird, but hey, I bought up Chinese and Russian surplus back when it was cheap and widely available. Wooden boxes of the stuff.
You are correct in every respect, TNBanjoMan.
Thank you, patriot.
All my lead was used for fishing. I have none left. Zero, zilch. Nada. I buy silver more as a "give to my kids" when i pass. If the need to use it prior comes about then so be it. But im giving it to them. I agree with you 100%. My comment prior does seem lije i am using metals as an investment and it was not my intention.
eXactly!
(Having a prime piece of real estate picked out and be ready to move on it quickly and get it "locked in" seems more and more like a wise move)