Frank130 Wrote:
Mar 02, 2013 11:16 AM
Correct. I'm "betting against" the increasingly worthless US paper Dollar by buying silver & gold with any "spare" US Dollars I find in my bank account (why park US Dollars there with zero interest?). Regardless of where the price of gold & silver might go, I'll continue to "stack" gold & silver... especially on the price "dips", like now. In 10 years, which would you rather have: 1. $10,000 in 2013 US paper Dollars -or- 2. Whatever $10,000 will buy today in stocks & bonds -or- 3. Whatever $10,000 will buy in gold & silver today? I prefer option #3 because I know gold & silver will never go to zero value. They are storage forms of real wealth. Inflation will "kill" #1 & rising interest rates will kill bonds & most of #2.