"Is Gold The Only Safe Haven Left?"

Was he talking about central bankers accepting gold as currency? I didn't hear him say that but didn't listen to the whole interview. Many people who are tired of watching the buying power of their fiat currency savings evaporate have long accepted gold and silver as "money".

My first introduction to this concept came about 30 years ago. At that time, I was really into target shooting. I also subscribed to Shooting Times magazine. One of the article authors stated in an article that: "In 1880, you could buy one of Colonel Colt's finest revolvers for a $20 gold piece. Today, you still can."

Of course, the cost of that firearm in fiat dollars was about $500 but then so was the value of a gold double eagle. That is the true value of gold. It tends to be trade-able for about the same amount of stuff no matter when you have it... unlike paper dollars.

Amen to that Sel!

It sure does because NO amount of money can buy one if it is not deserved.



No place. But a lot of people would like gold and silver to become money again so that we would not be continuously robbed by inflation.



Actually, the world is not looking for liquidity. It IS looking for stability and PMs as money could provide some of that. A lot of what people call "liquidity" these days is nothing more than inflation writ large. It is paying $40,000 in inflated paper for a new car instead of $500 in gold.

If, for example, gold and silver amounted to about 1/60th of the current money supply, then everything would be revalued to 1/60th of the current cost. Anyone used to earning, say, $60k a year would suddenly be making $1k a year but their money would go 60x as far, so there would be no change in their buying power. We WOULD have a stable currency and virtually no inflation, however.



Imagine silver and gold skyrocketing, the dollar plunging, and ALL of your assets are in dollars.

I don't think that anyone here is rooting for financial disaster to come along. Instead, I see people who are considering that financial disaster may be coming and that it would be better to be prepared for it than to not be prepared for it.

Even those who do not think that financial disaster is coming DO think that inflation is here, as it has been for many years, and that it is likely to get worse instead of better. Right now, you can get 5 oz. of silver for about $200. In 10 years, that bar of silver is likely to be worth 3-4x what you paid for it. Those two $100 bills are likely to be worth about 1/2 of what they are today. Hmmm... what to do?

As is the case with most financial questions, moderation is the key. Diversify your holdings such that no matter what comes, you have a good chance of being able to handle it and do well. Most of us believe that PMs should be a part of that picture.