Silver is the most manipulated. Silver should equal gold in price. There is less of it and way more in demand on the industrial side.
Silver is the key.
Now if I had a few $million, I’d have a few bricks of gold. I don’t have that kind of wealth. Plus my wife wears enough of it to pay off the mortgage and any debt if this entire thing goes in the crapper.
I also rebought $500 worth of litecoin yesterday for play. I’ve been out of that stuff for over a year. Pull the plug on the internet and your screwed. I’d be very cautious getting in deep with that stuff..I love the idea, I can fly to Europe and back and no one knows I have access to $Gazillion. That’s doesn’t fit my lifestyle. So I just see the risk in that stuff. If the internet was ever taken down, God help us. Even if went down for a few weeks. We’d turn into cavemen ASAP.
Inflation is awesome for long term fixed rate debt. If your not loaded to the gills in a 30-40year fixed rate below 3%, you best get on the bandwagon now!
Rates are also being manipulated. When they cut lose, hello to 10-15%+
Funny, I was going through some old files from a building project and found a list from tracking the prime rate. LOL
My thinking; If all this counterfeiting money going on sends inflation past 25%, shits going to get very real and fast. Interest rates have to go up. It’s a double edge sword.. I think silver can hit $5k Oz, God only knows what gold will do. 30k+?
I’ve targeted 1Oz of silver for every $5k in debt I hold. I bet we have over 15pounds of silver in several forms. I got more than enough. But it would kill me to melt down all the killer silverware patterns we’ve accumulated over the years. So I’ve been loading up on bullion. A just in case everything goes to hell and a bank calls our loans. I’ll March down to the bank and buy my debt with a few bars of silver. And remember, Americans marched their gold and silver down to their local banks to get paper. It happened. History does repeat.
I have been thinking very strong about depositing some cash into that gold bank in Dallas. Nothing looks better than a stack of small gold bars. I’ll agree with you on that. It’s just so damn expensive.
Probably if it ever got that bad, bullets will be worth more than any metal. My coffee rant for the day
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