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S W
Member since May 2012
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Six Major Events That Will Change History - Egon von Greyerz - Matterhorn AM

Good question.
Not sure if I can answer it.
Let's assume there is a complete breakdown and markets are closed and banks aren't open. Gold will be "no offer" so you won't be able to buy it and of course you would be silly to sell to get increasingly worthless dollars. So basically there will be no commercial trade, at least for a while until the PTB figure out how to fix the mess that they created in the first place. While those morons are doing that, people will get on with their lives and I suggest that "cash will be king in a crisis" so therefore I think get cash out of the banks NOW and every other institution its held because it will still be better than nothing. At least for a while.
Lets face it. The banks are saying it is worthless NOW and they do not want it because rates are zero.

Re Gold and Silver.
Recognised all over the world as money. And you are correct that walking into a bakery for e.g. with an ounce of gold isn't going to be much use unless of you actually want to buy the bakery lock stock and barrel.
For these sort of transactions I think that JUNK SILVER coins will be very handy and will come into their own because they are or will be easily recognised.
1 gram gold bars will also be good to have if you need a new suit ?? and a kilo of gold could likely buy a beachside mansion from a former banker and now desperate destitute.
All that aside i think it most likely there will be an overnight revaluation of gold and silver, something akin to the thoughts of Hugo Salinas Price. ( see the coming revaluation of gold)
Interesting times.

Commented 3036 days ago

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Beginning of the headline :Investors globally have never faced risk of the magnitude that the we are now exposed to. But sadly very few are aware of the unprecedented risks the world is facing. For the ones who understand risk and take the right decisions, it will “lead to fortune”. Only very few will choose that route. Instead most investors will continue to live in the hope that current trends will go on forever but sadly these people will end up “in shallows and in miseries”. Risk is now staring us all right in our fac... Read More

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