Debt to cause "Dramatic re-pricing"...Gold to $3000-3500 soon?
(www.kitco.com)
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Gold to $650,000
Why stop there? If gold went to $1 Billion / oz I still wouldn't trade it for fiat currency. I would rather use metals to directly buy things I need than trade it for some intermediary, and valueless, paper currency.
But... you could trade some of it for fiat currency to then pay off your fixed rate debt obligations if you have any, such as a mortgage or a car loan (assuming you did fixed rate).
That might be correct, but I have worked very hard to be debt-free. I own my house, two cars, and only keep a small credit card debt and pay it off monthly, more for the air miles I get than for any other reason. I am virtually debt-free, and could pay off my credit card with a simple check.
I stack silver as a hedge against currency failure, nothing else.
"...I have worked very hard to be debt-free. I own my house, two cars, and only keep a small credit card debt and pay it off monthly,.... I am virtually debt-free, and could pay off my credit card with a simple check.
I stack silver as a hedge against currency failure, nothing else."
That's about where my wife and I stand. I can't afford to buy any more gold at its current prices, but I've been stacking silver as fast as our finances (bidenflation) will alow.
Not all of us are as lucky to be debt free. I would 100% trade an ounce of gold for $650,000 and elimate all my debt so that i own all my shit.
Same situation here. If you can't afford it, you don't buy it. Wished others would get that...now there's sub-prime auto loans defaults left and right. Never saw so many repo men in all my life. "Them spinnin rims be mine tho!" 🙄
I'm really glad for you. Well done. Many of us aspire to achieve what you described for yourself, myself included.
I have a couple thousand dollars face value by now of junk silver. If we end up in an age of barter for a time, pre 1964 .90 silver coinage will be handy.
Yup, my thinking too.
Amen. I'm still blown away i can trade useless fiat for silver and gold. The feds still want to tax it as a capital gains when you sell it though. So direct trading off the books is the only way to go.
Your terms are acceptable.