Quote:
Originally Posted by Kiopa_Matt
It's technically possible, just like what happened in Germany before. It's just that if it does happen, your now $56,000 ounce of gold still has the same purchasing price as the $1380 you bought it at, so it doesn't mean shit unless you can weather the entire storm without selling.
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You are wrong. you need to learn history. Metals grow in price proportionally to how much money is being printed and the purchasing power is preserved at the same level while all of the rest who hold currency get totally robbed.
Simple example:
If someone had 100k in retirement funds ten years ago and bought at them gold at 300$ an ounce he could buy 330 ounces. Today it's worth $330x1380=$455,400. Now all the brainwashed people here and the majority of the herd on this board held their money in paper, pension funds, 401k and lost 30-40% of their sum during the last couple of years. Now they have much less then before. Bullshit? Did you watch this?
The 401k Fallout
http://www.cbsnews.com/video/watch/?...ag=mncol;lst;2
Now the level of ignorance here is just astounding. You can laugh at the messenger, call names and whatever.. Instead of addressing the substance you decide to attack me personally. It's just pathetic.