(4 December 2012, 20:37)BDG Wrote: (4 December 2012, 20:34)Scythe13 Wrote: Again, same as Wildman's depression thread, the UK debt is something I've been speaking about for ages.
If you're not stocking up silver or gold, then you're going to get screwed more than you need to.
It's great to have tins and bottles of water, but you will also need cash to pay taxes, rent, bills, etc. That's where silver comes into play. If you only have tins and the alike, then unless you're going to open a shop, you're going to be evicted for not paying tax, water, electricity, etc.
What are you going to do? Stock up all of the gold and silver in the world? It WILL run out after a period of time. Do not believe that honest men will put themselves into bondage - a financial collapse may come - but the only people who will be evicted are those who do not pay mortgages or rent.
Decent men will not stand for it.
Of course it will run out, same as our stores will run out. But as we all say, it's a buffer until we're able to support ourselves. Imagine if you'd bought silver back in 2000 when it was around $6 an ounce (in the UK lots of places just sell at the same numerical value just convert the dollar into a pound sign, so we'll keep it that simple for this post). For every 5 ounces you bought, you'd have spent £30. Now, a single ounce is worth £30. So, it's a hedge against inflation. If you sent £100 on silver, it would now be worth £500. That's a nice thing to have in your pocket. Change it up a little. 2 years time, if silver is up around the £100 an ounce price (I'm expecting it to be closer to £800 an ounce....remember to change £ for $ for real world values.....around 2016), that same £100 of silver in 2000, now at £100 an ounce in 2014 will be a HUGE buffer!!! From £6 to £100 per ounce! You'd have changed that £100 into £1600+ Which will be a lovely buffer against job loss, to help you pay rent, mortgage, bills, etc.
It's not about honest people putting themselves into bondage (good expression by the way. Not heard that for a while). It's simply the fact that we have to pay bills (gas, electric, water, etc), taxes (road tax, council tax, etc), rent or mortgages. Me and the wife plan to have paid off our mortgage within 7 years. But not everyone can do that (inheritance is the only reason we are in such a financially good position), so having something to increase the value of our money against inflation and a financial store, same as we have food and water, makes sense to me.
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