The American Dollar

[Austin913]

Quote:

Originally Posted by MVSBrendon As for this topic, I have some silver and I am about to buy gold. Not to make a profit, but to have just in case shit hits the fan. It's the only precious metal I don't own. I have plenty of Brass, copper and lead in various "denominations" for the zombies, need the silver for local transactions and gold for back up.

do you buy locally or online? I need to look around locally, but so far I've been using APMEX for silver.

[MVSBrendon]

Just giving perspective. I buy silver, even at the current price, I might buy more. But I also buy food, if you bought $1000 worth of food a year ago and we have 20% inflation, then you made 20% on your investment and you have something of instant tangible value. Something you can survive on.

[MVSBrendon]

As for the climb in price, you will see it keep going up. Smart people see the economy is still not recovering and that they are playing with the unemployment data.

[Austin913]

Quote:

Originally Posted by MVSBrendon As for the climb in price, you will see it keep going up. Smart people see the economy is still not recovering and that they are playing with the unemployment data.

yup. they keep dropping from statistics those that have ended welfare or have given up seeking employment. skewing the numbers doesnt improve the situation.

[MVSBrendon]

Quote:

Originally Posted by Austin913 yup. they keep dropping from statistics those that have ended welfare or have given up seeking employment. skewing the numbers doesnt improve the situation.

Gotta give props to people that pay attention.

[Austin913]

Quote:

Originally Posted by MVSBrendon Gotta give props to people that pay attention.

lets hope Detroit is no future model city of American metro area's. we went from an industrial revolution, to serious urbanization, to white flight and suburban sprawl, to urban decay, and....???

[MVSBrendon]

Yeah, I am lucky to live in the area I do. I got so see a lot of good and bad when I traveled for work when I was younger, but even here things are getting worse. Getting out of Dodge is not a bad idea. I think you are seeing the end of an error (yes I meant to spell it that way) with Detroit? Big business built that city and when that business was forced out of the state, it killed the city. Sometimes you have to make small sacrifices to keep the bigger good, the UAW doesn't care about the city, just their dues and that killed the industry. Maybe you have a different insight?

[Austin913]

not really. I dont really know all that much about the impact of UAW. just following current events on Detroit over the past few years, its been a slow trainwreck.

[h2]

http://money.cnn.com/2012/02/03/pf/s...cies/index.htm

[CheddarBob]

Quote:

Originally Posted by h2 http://money.cnn.com/2012/02/03/pf/s...cies/index.htm

i'm really liking the articles you have been posting h2.