Quote Originally Posted by Horn View Post
I remember buying ounces, now wouldn't be caught dealing in anything more than halves.

Hows that for a performance?
Horn, on what value do you base your "halves" first... ? Or would you speak of silver?

your very situation doesnt illustrate the situation.

Instead, look at speculation/profits and their results. I think von Mises, although correct on hard nacked currencies, is wrong about competition. What I meant is that "living small, beyond one's means" is impossible in a society praising profits... the "i want more security/mentality" is a cancer that empowers monopolies of all kinds.

The planet has been in hyper consumerism mode since the beginning of industrialization which has led us on the brink. So i wonder how any financial guru can assess the real value of gold/silver. Just assume that gold reaches indeed $5000, one needs LOTS of gold to survive as everything will be highly expensive... of course the new world fiat currency may also be a possibility. All good for the banksters.