What Would Happen To Silver & Gold Prices If The US Government Defaulted? - Page 4

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Author	Replies: 48 / Views: 4,618	Page: of 4

TimNH Valued Member United States 420 Posts	Posted 05/05/2024 12:46 am Quote: Back in the 1990's I sold four $10 Eagles and bought a Breitling watch for $800. Today I could buy the same watch for $4000 by selling four $10 Eagles. Since the end of Bretton Woods in the early 1970's, $40 worth of gold Eagles are now valued at $4000 - yet 50 years later the watch is still worth four gold Eagles. That's what I'm calling a continuous default. This is a great personal example. The one I read is that in ancient Rome one ounce of gold (roughly) could buy a fine men's suit. Nowadays, gold at 2K .. yeah, roughly one fine men's suit. Gold doesn't change, the currencies sure do though. Report this Post to the Staff
Brandmeister Pillar of the Community United States 6678 Posts	Posted 05/05/2024 10:26 am But think about what would have happened if you had bought an ounce of gold worth of the S&P500 in Ancient Rome! Report this Post to the Staff
cptbilly Pillar of the Community United States 2005 Posts	Posted Yesterday 12:29 pm Asking if anyone in this thread was influenced by "Fourth Turning" views ( Porter Stansberry's latest book cites it repeatedly) first published in 1997 and updated in 2023 ? I was recently introduced to William Strauss & Neil Howe's work and it is influencing --to a degree-- my thoughts re: adding physical PM to my portfolio, which already includes royalty streamers. Report this Post to the Staff
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