Friday, January 11, 2008

How High can Gold and Silver Go?

Another way to ask this question is, How little can you trust a politician?
Or, How much is a wooden nickel worth to you?

The answer is, you cannot trust a politician - other than Ron Paul - at all, nor can you purchase anything for a wooden nickel.
There is your answer to how high gold and silver can go - as high up as trust can fall. Trust can and will fall to zero in the worlds currencies, so gold and silver will fly to undreamed of heights.

They will be worth something to when they fly. Even and the measuring stick - all fiat currencies begin deteriorating fast enough to enter the trash bin of currencies the pace of gold and silver accelerating will leave plenty of worth in the metals.
As Dr. Marc Faber is fond of saying, he can see a point when no amount of $'s will be sufficient to buy gold and probably silver.
While we will have all made fortunes, the problem will be feeding ourselves and fueling our lives.

The lose of the currency will implode commerce. First and foremost, currency is a means of transacting business. Barter is much slower and more cumbersome.

Get ready for some interesting times.

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