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Very Active Member
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Originally Posted by Rogue Hawk
I always wondered about that. How do you trade for goods with gold?
Looking ahead cryptocurrency is one possibility we all may move to when the central banks get their marching orders.Same as we now exchange our gold bar for cash,crypto's become the new store of value.
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Originally Posted by UtahPete
How do you store it?
Most bullion dealers have secure vaulting options if your not comfortable with it in your possession.
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Couple of guys here that don't talk crap about what is really going on with the economy.
https://www.youtube.com/user/GregVegas5909
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Originally Posted by Cobwebs
Most bullion dealers have secure vaulting options if your not comfortable with it in your possession.
And you trust them?
2014 RTL Platinum
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Originally Posted by UtahPete
And you trust them?
More than a bank...... yes.
Totally .....no.
Ideal situation is to be your own central bank,security force and grocer.Not all can manage that so you do what you can.Just being informed goes a long way to diminishing the shock factor when the crap reigns down.
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Originally Posted by Cobwebs
More than a bank...... yes.
Totally .....no.
Ideal situation is to be your own central bank,security force and grocer.Not all can manage that so you do what you can.Just being informed goes a long way to diminishing the shock factor when the crap reigns down.
When is that going to happen, do you think?
2014 RTL Platinum
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Originally Posted by UtahPete
When is that going to happen, do you think?
It's already started (actually started 10 years ago when the money printing kicked in big time) any number of events could trigger the avalanche.
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Originally Posted by Cobwebs
It's already started (actually started 10 years ago when the money printing kicked in big time) any number of events could trigger the avalanche.
What I've learned about successful investing is that timing market turns accurately is important. A lot of people I know got hurt pretty badly in the market scare of 2001-2.
2014 RTL Platinum
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Originally Posted by UtahPete
What I've learned about successful investing is that timing the market turns accurately is pretty important. A lot of people I know got hurt pretty badly in the market scare of 2001-2.
Used to be hang in there and don't panic sell and within a few years your losses would be made back.I'm not feeling that this time.The market should have been left to do its thing in 2008's collapse instead of the print phony money scam that has bought time and reinflated the bubble even bigger to the benefit of banks and corporations at the expense of the citizens.
The whole system is rigged and not based on fundamentals anymore so just a form of gambling as far as I can see.May as well spend your money on wine women/men and Spyders and waste the rest.
Physical gold and silver have been a store of wealth for hundreds of years and are way undervalued even with the recent gains. A great insurance policy if you've lost faith with the not enough inflation bull**** yet no one can afford a house or a steak anymore .
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