
08-17-2012, 12:14 PM
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16 posts, read 13,918 times
Reputation: 17
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What do you mean by crisis and/or collapse?
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08-17-2012, 12:46 PM
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Location: The Woodlands
805 posts, read 1,526,273 times
Reputation: 1076
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nobody knows the future....there are only guesses
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08-17-2012, 03:41 PM
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16 posts, read 13,918 times
Reputation: 17
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Quote:
Originally Posted by king's highway
Did you read the topic article ?
Did you see the Soros quote from Newsweek ?
Here is part of the Soros quote:
" The best-case scenario is a deflationary environment.
The worst-case scenario is a collapse of the financial system. "
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Is this thread some kind of inside joke? I joined this website yesterday.
Increasing his position in GLD wouldn't make sense in either of those situations.
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08-17-2012, 03:49 PM
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982 posts, read 1,467,553 times
Reputation: 1143
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Quote:
Originally Posted by Teff
Is this thread some kind of inside joke? I joined this website yesterday.
Increasing his position in GLD wouldn't make sense in either of those situations.
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It would in the financial collapse scenario. Currency instability and all that are perfect for gold valuation.
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08-17-2012, 03:51 PM
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91 posts, read 108,696 times
Reputation: 73
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In the coming year paper money will be worthless, the only real money will be gold and silver.
But what if you knew the us debt bubble was going to pop soon making the us dollar worthless too.
Where would you be putting your money to preserve your wealth?
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08-17-2012, 03:58 PM
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982 posts, read 1,467,553 times
Reputation: 1143
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Quote:
Originally Posted by tfbns
In the coming year paper money will be worthless, the only real money will be gold and silver.
But what if you knew the us debt bubble was going to pop soon making the us dollar worthless too.
Where would you be putting your money to preserve your wealth?
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I don't really see that happening. I do think paper money will become increasingly devalued year-by-year until alternative systems become just as commonplace next to it.
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08-17-2012, 04:11 PM
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91 posts, read 108,696 times
Reputation: 73
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Quote:
Originally Posted by BadJuju
I don't really see that happening. I do think paper money will become increasingly devalued year-by-year until alternative systems become just as commonplace next to it.
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you mean a dollar backed by gold again
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08-17-2012, 04:15 PM
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19 posts, read 17,932 times
Reputation: 15
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