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Originally posted by notquitesure
This is working under the assumption that the dollar will collapse and a one world currency ushered in. (Highly speculative, I'm aware).
I had a thought that cash will be worthless unless it is deposited in a bank.
In other words, cash on deposit will be converted over to the new currency by some factor. Paper money will have no value.
People will be forced to deposit all cash on hand in order to have it converted to new currency, or forfeit any value. This will allow the government to get a better handle on each individual's holdings.
Originally posted by notquitesure
This is working under the assumption that the dollar will collapse and a one world currency ushered in. (Highly speculative, I'm aware).
I had a thought that cash will be worthless unless it is deposited in a bank.
In other words, cash on deposit will be converted over to the new currency by some factor. Paper money will have no value.
People will be forced to deposit all cash on hand in order to have it converted to new currency, or forfeit any value. This will allow the government to get a better handle on each individual's holdings.
Originally posted by Under Water
What kind of gold/silver should someone buy? And how much should a person invest with? What if all you have laying around to invest is only $1000? Can that even buy gold or silver these days??
Originally posted by FissionSurplus
reply to post by Under Water
$1000 can buy you plenty of silver right now, especially since the price is being kept artificially low. However, the current spot price of $28.80 per ounce will not last. Gold as of the typing of this reply is at $1606.00 per ounce.
SIlver is the poor person's precious metal, and it is still very cheap.
Keep up with the prices here: www.monex.com...
Make sure you have extra food and water first, and then deal with buying metals.
As for the dollar collapsing, it is entirely possible. The OP makes the assumption that the dollar collapse will automatically mean that a new currency will be put into place right away. I don't see it happening that way.
I see us waking up one day and learning that our money is worth a hell of a lot less than it was the day before, because that's how they do things. Usually on a Sunday, so that Monday comes with a nasty shock...but the banks are closed, and you can't do anything except know that your money suddenly buys a whole lot less.
Perhaps after a while of this, Americans might acquiesce to giving up the old greenback and accepting a new form of currency.
I wrote this story a while ago. This is how I see it going down, more or less: www.abovetopsecret.com...
Originally posted by Under Water
What kind of gold/silver should someone buy? And how much should a person invest with? What if all you have laying around to invest is only $1000? Can that even buy gold or silver these days??
Originally posted by Under Water
What kind of gold/silver should someone buy? And how much should a person invest with? What if all you have laying around to invest is only $1000? Can that even buy gold or silver these days??
Originally posted by FissionSurplus
Make sure you have extra food and water first, and then deal with buying metals.