Glenn, I have to admit I don't understand all this financial stuff... mainly, how buying gold and silver will help us if the U.S. dollar collapses. If I bought a lot of silver, will I use the silver to pay my rent? To buy a loaf of bread? As I said, I just don't understand how to put it to use if our American money becomes useless.
Glenn, I have to admit I don't understand all this financial stuff... mainly, how buying gold and silver will help us if the U.S. dollar collapses. If I bought a lot of silver, will I use the silver to pay my rent? To buy a loaf of bread? As I said, I just don't understand how to put it to use if our American money becomes useless.
Randy, I strongly suggest that you do research on this. It's a very important subject. Gold and silver is a means of preserving your wealth, while the dollar loses value every month. It's hard to know what is going to happen in the short term, but you definitely should prepare with plenty of food and other "prepper" stuff. You will want to have some things to barter with, but we will get through the crash. So what will you have left on the other side? If you only own dollars (401K, stocks, pension, treasuries) you will have lost a tremendous amount of wealth. If, however, you own gold and silver, most likely you will have preserved your wealth, and you probably will see it rise. There is no doubt that it is going to be a very painful period, but you don't want to lose everything. I suggest that you go to YouTube and listen to Peter Schiff, Mike Maloney and Alasdair Macleod.
Glenn, I have to admit I don't understand all this financial stuff... mainly, how buying gold and silver will help us if the U.S. dollar collapses. If I bought a lot of silver, will I use the silver to pay my rent? To buy a loaf of bread? As I said, I just don't understand how to put it to use if our American money becomes useless.
Randy, I strongly suggest that you do research on this. It's a very important subject. Gold and silver is a means of preserving your wealth, while the dollar loses value every month. It's hard to know what is going to happen in the short term, but you definitely should prepare with plenty of food and other "prepper" stuff. You will want to have some things to barter with, but we will get through the crash. So what will you have left on the other side? If you only own dollars (401K, stocks, pension, treasuries) you will have lost a tremendous amount of wealth. If, however, you own gold and silver, most likely you will have preserved your wealth, and you probably will see it rise. There is no doubt that it is going to be a very painful period, but you don't want to lose everything. I suggest that you go to YouTube and listen to Peter Schiff, Mike Maloney and Alasdair Macleod.
Glenn, thank you for your reply. I now better understand the purpose of investing in gold and silver in these troubling times.