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Silver Surplus
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Thread: Silver Surplus

  1. #1
    Join Date
    Jan 2009
    Posts
    1,018

    Default Silver Surplus

    From all I've read recently on this silver surplus I believe it won't last long. Will get absorbed very soon. Unless the government engineers a stock market retraction or some other manipulation, the declining dollar and soon-to-be high inflation will spur silver to rise dramatically. The deteriorating dollar and federal budget deficits are key. They are the two 800 lb. gorillas in the room.

  2. #2
    Join Date
    Feb 2009
    Posts
    415

    Default

    Gains made by inflation are not very good. So your metals are worth more, but unless you don't have ANY fiat then the rest of your money is devalued. I don't know about you but i have alot more money tied up in fiat than i do precious metals, you still need to pay the bills ya know.

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  3. #3
    Join Date
    Jan 2009
    Posts
    1,018

    Default Good Points

    Pmstacker you're right. I do have some fiat for paying bills. Tucked away I have ALOT of silver - a bit of gold - and several thousand Swiss Francs. As the dollar continues to collapse the Francs will increase. Then as needed I will convert to fiat dollars to pay bills/buy food. And then there is other tangible assest such as real estate, food etc. Our truck is paid off and house should be soon.

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