Panic! At The Euro!

Discussion in 'Politics' started by Sir Elliot, May 17, 2010.

  1. Blades,

    Remember last week, how your sagely sage informed you that a precious metals run was brewing in Europe?

    Yeah. So. Europe now appears to be out of continent-produced gold coins entirely.

    So much so that Banks are now contracting with South Africa for tens of thousands of Krugerands for immediate delivery. The Austrian mint is now entirely depleted. The Swiss mint appears to be depleted. / UK - Germans lead gold rush frenzy

    If you've been paying attention, the reason you want precious metals now isn't to make money (though that is always a secondary reason). Rather, it's because that, due to the looming hyper-inflation and mass devaluing of fiat currency, money will essentially be worth zero.

    Think of it this way. So I have a gold coin. The value is currently about $1400, give or take depending on various factors.

    How much is it worth in confederate dollars? Or zimbabwe dollars? 0. Because that money has no worth. There is no faith and credit behind such fiat currency. IN the first case because the confederacy no longer exists, in the second place because zimbabwe might as well not exists since their money is worthless.

    If you live in a place where you can go and buy any gold or silver coins, or other buillon, do it. If not for safety, security, and other good sound reasons... then to participate in the worldwide gangbang of the Euro.

    Years from now, when everyone sits around and talks about how much fun they had plundering Europe and gangbanging an entire continent you will be able to say "I WAS THERE!"

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