(13 February 2013, 15:25)Scythe13 Wrote: Oh I completely agree!
I'm expecting the collapse to be partial. If WW3 happens, and there's still a banking system and general government after it all, providing all land is not seized (hasn't been previously in recent history) then I'll be sitting pretty as a landlord renting out properties, mortgage free, cash in my pocket, big smile on my face, never needing to work again.
What about a weather catastrophe? Land will not be seized, but basic commerce still continues. Gold and silver are going to increase in value, and so will my purchasing power!
Don't think of PM's as long term assets to hold forever. If you think like that, then you're clearly showing your lack of understanding for money, financial markets, and how to profit while others are screwing up and penniless. I'm expecting to be rid of all my gold by 2020, at the latest. But....I'll have exchanged for assets of greater value, like a farm, or land, or freehold property to rent out (my favoured option).
I think that making a plan so that you can profit from a partial collapse isn't wrong. If it's inevitable, then why not benefit from it? Better to make the most of it than to play the victim.
well, i'm trying to be optimistic(realistic?) here.
if something global (climatic or cosmic) happens there is no chance to survival to an individual, because the aftermath of those kind of events lasts for centuries or thousands of years. so no bunker can protect me for so long. then of course, no amount of gold going to buy me a place in the Cheyenne Mountain nuclear bunker!
but, if there are in some terms limited disasters (like global pandemic, global war, economic unrest) when local governments are disabled, but the people are still remembering the high value of the precious metals? and when someone doesn't have nothing to trade but his mothers wedding ring for food?
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