Replies to post #35920 on iShares Silver Trust (SLV)

[pack10]

As long as the United States remains as the worlds number one, the dollar will prevail. Make no mistake. Bankers know this as well

Having said that a very wise individual once told me that real wealth comes from the earth. it comes from mining, precious metals / oil, and growing
food.
Paper is just that!!! Back it from a gov't and it carries value. That is ur dollar. Crypto, who knows. Reminds me of fake news.

[AlwaysRed]

The dollar is NOT fiat!

The Fed creates dollars
The Govt creates US treasuries.

The Fed and the Govt exchange Fed Notes for Treasuries.

All dollars are backed by Treasuries and personal debt. If you hold Treasuries you are making interest from dollar creation.

If dollars were worth nothing, then why are people and governments buying US treasuries? US treasuries are the dollar! More people and countries hold dollars and US treasuries than anything else.

If the dollar were to lose all its value this is what would have to happen........

1 - All US treasury holders would have to abandon all their treasuries at one time. That means all the pensions, 401 K's, Personal treasury holders, Governments etc. ALL would have to dump their treasuries at once. And I'm not sure if you are paying attention or not but the US treasury market is on FIRE!

2- All debt is the dollar. So all mortgages, car loans, student debt, personal debt, savings, etc. is all dollars. The dollar is collateralized. There is no way that the entire system could collapse. All debt is dollars.

Anybody that thinks that the dollar is going to collapse at this point is retarded. It is NOT FIAT! The dollar is backed by Treasuries and collateralized.

If you want to make money off of the dollar, buy treasuries!

People are stupid!:

BTW, there is a reason that silver runs between 20 and 25 dollars per ounce and it will stay there as long as the banks want it to. The price of the metal markets is completely controlled.