You mentioned that your parents went into Jason's store. I was just curious, where is his store? Is he in the states, or is he in Canada? Thank You, and Thank You for posting that article....
I would certainly agree with that article. Two other things i would throw in are 1. The massive short postition by the 4 major banks (you can read some parts of it here):
and to elaborate on what Jason's talking about, as far as politicians "printing dollars", ya, no politician's going to get re-elected by "cutting" (which is what is necessary imo), so, they're basically forced to spend, even though its not the right thing to do.
it almost ensures a weaker dollar/huge deficits/stronger metals over the longer term.
think about it, 100,000 quarters bought for 25,000 dollars in 1964 (90% silver) are worth about 300-350,000 dollars today (just go to ebay n get price for 1 x 100k). 100,000 quarters bought for 25,000 in 1965 (the year we went off the silver standard made of the same thing quarters are made of today), = 25,000. i don't know if you'd call that inflation, or the deterioration of the dollar. but whatever you'd call it, 25,000 into 300-350,000 seems like a good hedge to me.
***above is all my opinions (could be facts) but do your own dd and math i could be wrong i just woke up lol but i believe the numbers are basically accurate based spot being where it is today .
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