Where to slowly put $5000 for emergency savings

[lartinos]

No lol, ONE (1) dime will get me a loaf of bread. Where the fuck do you get that it would take TEN dimes to buy one loaf of bread? Just like it did 60 years ago.

The 1980 rise in silver price was because of the Hunt Brothers and they were "cornering the market" on silver. Now it is different because worldwide, faith in the dollar is diminishing. There are already talking about a global currency. When that happens, gold and silver will be the only form of REAL value.

The central banks will still print paper money, but gold and silver will have an enormous value because its the only thing people will recognize as having true value. Thats why the central banks are buying up gold and silver right now all over the place.

Plus, silver has been oversold by brokers in the market. There isnt enough physical silver to match the silver ETF's that are sold. When that bubble bursts, you will see that I will come out on top Even if this didnt happen, a silver dime will always buy a loaf of bread because its relative to inflation.

Even if you are correct, which is not impossible. The only people who will make any substantial amount of money off this are people who actually in a position to invest. In years you may be able to think about investing. Not now though man.

 

[samoth]

There are already talking about a global currency. When that happens, gold and silver will be the only form of REAL value.

The central banks will still print paper money, but gold and silver will have an enormous value because its the only thing people will recognize as having true value. Thats why the central banks are buying up gold and silver right now all over
the place.

What, you think countries still use the gold standard? Why do you think these shiny metals will have any non-historical correlation to currencies? Why not apply this logic to commodities?

Plus, silver has been oversold by brokers in the market. There isnt enough physical silver to match the silver ETF's that are sold. When that bubble bursts, you will see that I will come out on top Even if this didnt happen, a silver dime will always buy a loaf of bread because its relative to inflation.

Yes, by you need to ask WHY you think these metals are relative to inflation. That dime wouldn't have bought a loaf of bread 5, 10 or 20 years ago, so why are you extrapolating ad infinitum linearum?

 

[the.gladiator1987]

Even if you are correct, which is not impossible. The only people who will make any substantial amount of money off this are people who actually in a position to invest. In years you may be able to think about investing. Not now though man.

I plan on using dollar-cost averaging to acquire silver at different market prices. The idea here is to acquire as much silver as possible before the dollar collapses, because its going to. The FED has printed more money in the last few years than ever before and the world is losing faith in the dollar everyday. Read about it

 

[samoth]

I plan on using dollar-cost averaging to acquire silver at different market prices. The idea here is to acquire as much silver as possible before the dollar collapses, because its going to. The FED has printed more money in the last few years than ever before and the world is losing faith in the dollar everyday. Read about it

Out of curiosity, do you know the effective halflife of a paper dollar? You might want to look at the mint site and see exactly how much they destroy on a daily basis, and consider reasons why (has the dollar perhaps changed, hence the need to replace the entire circulating supply?)

 

[the.gladiator1987]

What, you think countries still use the gold standard? Why do you think these shiny metals will have any non-historical correlation to currencies? Why not apply this logic to commodities?

The reason they are not on the gold standard is because they are CENTRAL banks and print FIAT money. Just like our federal reserve notes. That causes inflation, and allows prices to rise, ESPECIALLY gold and silver. Why do you think these foreign countries are starting to acquire so much gold and silver?


Yes, by you need to ask WHY you think these metals are relative to inflation. That dime wouldn't have bought a loaf of bread 5, 10 or 20 years ago, so why are you extrapolating ad infinitum linearum?


You are absolutely wrong. A silver dime WOULD have bought a loaf of bread just about at anytime within the last 100 years. Tell me what year a silver dime would have not bought a loaf of bread.

^^^^

Which dime sdo you think would buy a loaf of bread, a clad dime or a 90% silver dime?

 

[the.gladiator1987]

Out of curiosity, do you know the effective halflife of a paper dollar? You might want to look at the mint site and see exactly how much they destroy on a daily basis, and consider reasons why (has the dollar perhaps changed, hence the need to replace the entire circulating supply?)

lol@ them destroying more than they print, they print way more than they destroy.

 

[samoth]

lol@ them destroying more than they print, they print way more than they destroy.

And what portion of the monetary supply is comprised of printed federal notes?

 

[B0ARDIN087]

This arguement is irrelevant. 200 dollars isn't an investment its a dinner and drinks for me and my girlfriend. glad is just a broke mother fucker

 

[the.gladiator1987]

And what portion of the monetary supply is comprised of printed federal notes?

Why would we burn money when it has value? I can see why we burn bills that are bad and ripped, but we would create new ones in their place. Why would we burn money when we have 12 trillion debt? When is that going to get paid? And it keeps going up. I dont have any knowledge in burning money. I thought they only burned money when it was in bad shape, and a little to keep inflation down. But no way do they burn more than we print what would be the point of that?

 

[SPEKTOR-AAA]

This arguement is irrelevant. 200 dollars isn't an investment its a dinner and drinks for me and my girlfriend. glad is just a broke mother fucker

You never post anything useful in Glads posts, just keep living like your shi* doesnt stink brother.