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Bump 07-29-2012 01:00 PM

Quote:

Originally Posted by Jewish Rabbi (Post 8775984)
Silver and gold actually normally go up in value at the same rate of inflation over time.

I'm not sure how true that is. If you bought a bunch of silver 15 years ago and sold it today you are gonna get way more value than what you paid for it, more than inflation.

I also like it, because it's currency that's been used since earlier than recorded history, it will ALWAYS be viable currency. I like having the metal more so than paper money. Like if there is an economic collapse, which is practical, in the future, you will wish you had gotten some silver because your paper money will be worthless. I like it.

Jewish Rabbi 07-29-2012 01:10 PM

Quote:

Originally Posted by Butternuts (Post 8775990)
I'm not sure how true that is. If you bought a bunch of silver 15 years ago and sold it today you are gonna get way more value than what you paid for it, more than inflation.

I also like it, because it's currency that's been used since earlier than recorded history, it will ALWAYS be viable currency. I like having the metal more so than paper money. Like if there is an economic collapse, which is practical, in the future, you will wish you had gotten some silver because your paper money will be worthless. I like it.

No argument that silver has gone up more than inflation in this period of recession. Over time, however, it has historically been pretty even.

And if the shit hits the fan, silver won't do you much good either. People will want to barter something that is actually useful.


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