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Re: goforthebet post# 858

Sunday, 06/12/2016 7:49:44 AM

Sunday, June 12, 2016 7:49:44 AM

Post# of 2567
I have been wrestling with trying to figure out where the US$ will go during a fiat money system crash. Based on your analysis (guess) for the price of gold, you see the US$ being cut in half.

I am beginning to think the US$ collapse could be much worse. In the lower right-hand corner of the USdebtClock (http://www.usdebtclock.org/) there is an estimate of the current price of gold and silver based on the money supply. The values for gold and silver are several factors higher than your estimate.

Most of us here are simply projecting where it will go from here and trying to preserve and appreciate our net worth. Like others here, I am reading/learning as much as I can while I can.

I think $AG has a future and there is good price appreciation ahead. However, I have never experienced anything like what is happening in Venezuela. I just don't want to fall into the trap of the "normalcy bias" and think I will be able to trade $AG and access my funds during a fiat money system crash.

Any words of wisdom from those who have experienced a fiat money system crash would be greatly appreciated.

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