U.S. CitiesCity-Data Forum Index
Happy Independence Day!
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 06-18-2020, 10:55 AM
 
Location: Heart of flyover America
643 posts, read 255,042 times
Reputation: 1222

Advertisements

Quote:
Originally Posted by Igor Blevin View Post
Buy gold before the coming financial collapse. It won't come soon, but it will come sudden and if you don't have a stockpile of physical gold or silver to use as money, you will be screwed.

I keep praying that the financial collapse doesn't come in my lifetime. I was hoping they would let the economy collapse in 2008, when the National Debt was only 5 or 6 trillion dollars. We could have taken our painful hit, been out of it in a year or two, and gotten on with business. Instead, they printed to the moon and now the National Debt is past $25 trillion and I guarantee it will hit $40 trillion before 2030.

Buy gold or silver.
I've said over and over that the precious metals (physical, in your possession) are the only way to protect yourself from being financially raped. All paper assets, including real estate, are going to be devastated. Silver I believe is the most undervalued financial asset in the world bar none, and it's not even close.

And the debt isn't going to hit $40T by 2030. It's going to hit $40T before 2024.

When the global financial system starts really unraveling, it will happen at breathtaking speed. And the longer the collapse is delayed, the more devastating it will be.

Remember: the road to prosperity is long and strenuous. But the road to ruin is quick and precipitous.
Reply With Quote Quick reply to this message

Reply

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top