I appreciate what you are saying, SOUTHPEN, but I gotta briefly disagree with you on two levels: (and I will keep it brief although greater detail could be provided but it would probably be boring!!)
1. I am saying that if our economy crashes, so also will USSIF. You disagree saying that "investors will have only two choices hard assets or equity in something..."
I am saying that during a crash, there will be NO investors. Industrial use of silver will go to nil and regular people will have trouble feeding themselves, much less going out and buying American Silver Eagles. Being a high cost producer, USSIF would be one of the first to go out of business.
2. You make a comparison to what is currently going on and the historical event known as the Great Depression. While I know that the absolute numbers (debt, spending levels, etc.)currently exceed the levels of the Great Depression, that event was vastly more dangerous to our Country than what are the conditions that exist on this date. There was little or no "safety net". If you had no money and didn't farm because your farm was covered with dust, you didn't eat--or eat very much.
There was just no money around--no currency--no coins. If you were out of work (and you were probably out of work), you didn;t have the luxuries that most of our "poor" now have. Anyway, the Great Depression was far more serious and far more devastating than what is going on in the United States on November 22.
I would note, though, that SHOULD our economy collapse, if our dollar becomes worthless (more worthless than it now is!),-- should our civilization diminish, the effects COULD become more devastating than during the Great Depression.
One anecdotal example---We all know the iconic photographs of men in hats and ties patiently waiting in line for bread and soup. Should the same conditions occur now, we would not have such patience. I believe that weak people would become "prey" and street riots would break out instead of people meekly standing in line for handouts.
Rant over.
AI
