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I have been watching the Venezuela situation for many years as I see it as a possible future for the U.S. However I have yet to see an article or report in regard to the use of gold or silver as a means to retain value or obtain goods and services bypassing inflation. Is gold and silver being used there? If not why not? If it is then why don’t we see it on the internet?
Thanks for the Paladin book recommendations. I didn’t buy a stack of either, but I did pick up a few items for my personal library.
To me, it doesn’t matter if Harry Dent is right or wrong. If gold/silver prices rise, then mine will be worth more, but I won’t spend it.
If gold/silver prices fall, I’ll just buy more.
One day gold/silver prices will skyrocket and may be a good means of obtaining food, ammo, medicine, whatever. It may not happen in my lifetime. In that case, my kids will be protected.
I’ll keep stacking.
Remember the old saying:
Always have enough gold to bribe the border guards.
Second the previous remark. I once worked with a Vietnamese young man whose parents bought their way out of the reach of the NVA with the family’s gold hoard. NO JOKE NO EXAGGERATION Money and metals talk when danger is everywhere in a collapsing society.
Re fake gold bar:
The “gang” might have been running this scam for years before a professional blew the whistle. If you’re holding any ‘Mint-Sealed’ gold bars, it might be prudent to have them checked by a trustworthy gold dealer. Some gold dealers might have been part of the gang, others might have joined the scam by passing on to unsuspecting buyers bars they suspected or knew to be fake.
You may want to think about quoting Harry Dent. He has been completely wrong on many of his forecasts. Two investors I know have lost their wealth following his predictions. The book of his which I read linking demographics to the stock market was pure foolishness. Mr. Dent is so wrong so often that I will do the opposite of what he recommends.