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mylife4america

01/23/11 5:15 PM

#13106 RE: art35 #13104

Preserving True Value


...hey Art...in your scenario...your car will hold its "true" value pretty well in relation to a weakening dollar (considering it's a used vehicle that depreciates quicker than famous artwork, collectors gold, etc)...SNEY will hold its value well enough or extremely well dependant on its performance (assuming that SNEY produces gold and also because the stock happens to be gold related which puts it in a better position than most stocks...but yes all stocks will "benefit" from a weak dollar...that's not to say there is a fair 1 to 1 relationship between the fall of the dollar and the rise of the stock market)...actual gold will hold its value very well (just be wary of gold bullion because the government can confiscate that...go with collectors gold etc) ...and lastly...yes...fixed income, bonds, and that cash you have under your mattress all get hammered in hyperinflation...it's a dumb world that we have created where people have to be concerned about these things and diligent savers get punished for not obeying

...mylife
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Rothstein

01/23/11 5:57 PM

#13110 RE: art35 #13104

Your correct, and I agree with everything you posted...accept blaming just Obama...it's more like

thanks, Carter, Reagan, Bush, Clinton, Bush, Obama.


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Gmarc3

01/23/11 8:09 PM

#13113 RE: art35 #13104

Look guys Im not trying to start a debate or anything. You lose buying power with your money during a time of inflation. Go to the NAI website National Association of Inflation and do some DD.

http://inflation.us/videos.html


SNEY is a great gold mining stock. Im just saying that when inflation or hyperinflation hit your paper dollars no matter where they are stock account or retirement account can and probably will be worthless. Thats why its important to own physical gold. This is why the Chinese are buying all the gold they can get their hands on. This is why they are buying up gold mines. Germany has had their currency collapse 3 times. The countries that have been thru what we are heading for understand the value of gold and silver becuz that is all that grocery stores would take when they were in a time of hyperinflation.

Be diversified is all Im saying. And I will tell you that you are gonna be as happy as a pig in its own poo when gold is at $2k $3k or even $5k an ounce.