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Full Version: CNBC tries in vain to explain that gold is in a bubble-Jsnip4
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What happens to gold value if the dollar becomes worthless?

For those buying gold/silver to make money.. whats the end game? After the dollar is flushed do you think you'll be selling your gold to become "rich" with whatever the new paper or digi-dollar is?

If they don't back a new currency with gold (which is most likely) whats to say they won't keep the value of gold smashed down regardless of what the currency is?

Not trying to bash anyone, I'm just curious.. trying to decide what to do.
(10-03-2012 12:49 PM)ANAEMAL Wrote: [ -> ]What happens to gold value if the dollar becomes worthless?

For those buying gold/silver to make money.. whats the end game? After the dollar is flushed do you think you'll be selling your gold to become "rich" with whatever the new paper or digi-dollar is?

If they don't back a new currency with gold (which is most likely) whats to say they won't keep the value of gold smashed down regardless of what the currency is?

Not trying to bash anyone, I'm just curious.. trying to decide what to do.

Been saying the same damn thing, But these people to want to let go of there shiny silver...If ***** really hits the fan who the heck is going to want silver. No one is going to trade you anything for a piece of useless metal.. They are going to be after batteries, ammo, food, clothes, water , lighters , guns etc................................
(10-03-2012 12:49 PM)ANAEMAL Wrote: [ -> ]What happens to gold value if the dollar becomes worthless?

For those buying gold/silver to make money.. whats the end game? After the dollar is flushed do you think you'll be selling your gold to become "rich" with whatever the new paper or digi-dollar is?

If they don't back a new currency with gold (which is most likely) whats to say they won't keep the value of gold smashed down regardless of what the currency is?

Not trying to bash anyone, I'm just curious.. trying to decide what to do.

Personally, I own PM's the preserve my wealth, not to become rich... although that might happen by accident and I won't complain about it.

Gold and silver ARE money. If gold was not money, then banks around the globe would not have any.

There are so many "end game" possibilities and they've been discussed here before. If there is a Madmax scenario in our future, water, food, guns and ammo will be worth much more than gold and silver. It's best to prepare, diversify and hedge your bets.
I agree with the wealth preservation tactic. Better to have PMs vs toilet paper I suppose.

[/quote]

Personally, I own PM's the preserve my wealth, not to become rich... although that might happen by accident and I won't complain about it.

Gold and silver ARE money. If gold was not money, then banks around the globe would not have any.

There are so many "end game" possibilities and they've been discussed here before. If there is a Madmax scenario in our future, water, food, guns and ammo will be worth much more than gold and silver. It's best to prepare, diversify and hedge your bets.
[/quote]
(10-03-2012 01:01 PM)Fiat Facade Wrote: [ -> ]
(10-03-2012 12:49 PM)ANAEMAL Wrote: [ -> ]What happens to gold value if the dollar becomes worthless?

For those buying gold/silver to make money.. whats the end game? After the dollar is flushed do you think you'll be selling your gold to become "rich" with whatever the new paper or digi-dollar is?

If they don't back a new currency with gold (which is most likely) whats to say they won't keep the value of gold smashed down regardless of what the currency is?

Not trying to bash anyone, I'm just curious.. trying to decide what to do.

Personally, I own PM's the preserve my wealth, not to become rich... although that might happen by accident and I won't complain about it.

Gold and silver ARE money. If gold was not money, then banks around the globe would not have any.

There are so many "end game" possibilities and they've been discussed here before. If there is a Madmax scenario in our future, water, food, guns and ammo will be worth much more than gold and silver. It's best to prepare, diversify and hedge your bets.

I don't disagree one bit. The ones who say they would sell there house to buy a bunch of silver are the guys who I have a problem with... I won't mention any names.............!
Any commodity that you can hold in your hand is a good asset to "preserve" the value of your saved cash over the next few years. As long as the United States is up to it's gills in debt, its better to be safe than sorry and keep the value of your saved cash in hard assets. Heck, you can even go buy boxes of scrap copper and keep them in your basement (not a bad idea either)..... as long as the dollar value declines, then we can be almost certain that these hard assets will retain their value
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