V4Vendetta
member
"I can't defend myself against intruders with gold or diamonds, let alone kill food with it."
Gold is heavy. You could throw it at someone.
Gold is heavy. You could throw it at someone.
telomerase said:Just buy whatever class of guns will be banned next, and you'll make some money. We should get up a poll; I would expect all .50 BMG rifles to be banned first. Anyone else have an opinion on what will be banned in 2008? (Hmmm, I guess FDR did ban gold coins... guess it could go either way).
garyk/nm said:You can buy a crate of Yugo SKSs for around $1800. What will happen to the price of Yugos when the supply dries up? Do the math.
Except there is one important difference between fiat money and precious metals--the government can't create precious metals out of thin air in order to pay its debts, hence precious metals can't be instantly devalued by government decision due to the relatively fixed supply.Precious metals have no more "intrinsic" value than does fiat money, with the exception of their use in electronics and the like. If you are looking for intrinsic value, think about physical infrastructure.
Lee Lapin said:Disclaimer: IANAE. (I am not an economist.)
It is not the value of silver (or gold) that is changing. It is the unit of value in which the value of an ounce of silver is MEASURED that is changing. Silver (or gold) is not going up in price.
lpl/nc
Except there is one important difference between fiat money and precious metals--the government can't create precious metals out of thin air in order to pay its debts, hence precious metals can't be instantly devalued by government decision due to the relatively fixed supply.
A lot of the overall inflation in price of PMs can probably be accounted for by dollar devaluation. The specific prices are due to the fact that they are traded in open exchanges.answerguy said:So how is it that the prices of gold and silver fluctuate against each other?
Metals are not going up tremendously in value, but they are going up in price. That's because the value of a dollar is decreasing by several percent per year.It is not the value of silver (or gold) that is changing. It is the unit of value in which the value of an ounce of silver is MEASURED that is changing. Silver (or gold) is not going up in price.
If your gonna invest in metals, go for Titanium... at least if the economy crashes you can make guns and body armor with it....