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True, but my point it directed to the myopic, short-term position, that conventional investors often prefer to take.
You hear the keyboard kommandoes all bellow one of two things;
- You can't EAT gold & silver, and
- Bullets & Beans - that's MY SHTF money!
Fine. Assuming your American Revolution 2.0 is over in 6 mos.
But look at the slow motion disasters in Argentina & Venezuela, where gummint breakdown, societal breakdown, price controls, food shortages, power outages, and hyperinflation have gone on for years.
Silver, in fractional amounts, has long-supplanted gummint funny money for serious transactions, And even though their coinage is clad, just like ours, coins are even more scarce than paper money!
But real, PHYSICAL, gold, has LONG been a storehouse of wealth through lean times. A Picasso might be worth a million bucks, but no one will take it in payment in the midst of a boogaloo, & a million bucks takes a lotta briefcases to tote it around in. Gold bars are smaller, and don't even require SPECIAL preparation to bury, since they neither corrode nor erode over time.
Because our hi skrules and even our universities, ONLY teach Keynesian economics with fiat currency, no one understands this any more, save for the few of us Ludwig von Mises disciples out here who have bothered to study it on our own. But we keep TRYING to teach other people... before it's too late!
You hear the keyboard kommandoes all bellow one of two things;
- You can't EAT gold & silver, and
- Bullets & Beans - that's MY SHTF money!
Fine. Assuming your American Revolution 2.0 is over in 6 mos.
But look at the slow motion disasters in Argentina & Venezuela, where gummint breakdown, societal breakdown, price controls, food shortages, power outages, and hyperinflation have gone on for years.
Silver, in fractional amounts, has long-supplanted gummint funny money for serious transactions, And even though their coinage is clad, just like ours, coins are even more scarce than paper money!
But real, PHYSICAL, gold, has LONG been a storehouse of wealth through lean times. A Picasso might be worth a million bucks, but no one will take it in payment in the midst of a boogaloo, & a million bucks takes a lotta briefcases to tote it around in. Gold bars are smaller, and don't even require SPECIAL preparation to bury, since they neither corrode nor erode over time.
Because our hi skrules and even our universities, ONLY teach Keynesian economics with fiat currency, no one understands this any more, save for the few of us Ludwig von Mises disciples out here who have bothered to study it on our own. But we keep TRYING to teach other people... before it's too late!
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