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Originally Posted by Bobbyoutback
Hello Alex ' hope you are well & enjoying life on this planet .
As to your question , fiat currencies are are just promissory notes , now we are at the start of this so called money degrade regarding purchase power .
The world is awash with this sort of BS money , it's just dept creation , and we are going to see more of this created digital money .
Then inflation will start as the BS money starts to chase real goods that can't be just created out of the blue like BS money .
Paper money will be replaced , all transactions will be on your card .
Giving full control to check what you spend on .
Then humans will seek to deal with only real money that can't be just created .
Gold & Silver will surge above to-days low manipulated value .
Have Fun
Bobby .
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Yes I am aware of how the US or rather the Fed prints money etc. Certainly concerning but so far it works. You focus on a small part of the problem as it is the non escapable flaw in the market economy that requires continued growth...when everyone on the planet has two cars a big house and a boat we are doomed.
Yet for all its flaws it is best suited for humans as they also have many flaws.
It reflects nature to a degree although most folk won't see the parallel.
I predict that silver will go down at some point in the future and rise again followed by another fall but overall will steady go up.
I wonder why the rise occurred ..was the net awash with claims it was undervalued.
Perhaps it's price (as opposed to value) reflects the markets predominant mood.
Say if there was threat of war would it go up or down...does the price fluctuate is a new silver mine is found?
Anyways I am pretty sure I have a small fortune in gold on my old place but you can only pan a cubic metre a day, if you could get down the back ridge that is, and I think at best there may be 10 grams per cubic metre...so it's a lot of work ...in fact on my sums it would be low wages at best and a waste of time,more likely, at worst.
Let's hope somehow we will get thru whatever crisis presents and our lives continue to be perhaps the best humans have ever experienced in their long but short history.
Alex