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Subject:
Precious metals. Will history repeat itself?
Tiresias
10/10/2005 12:02:02 AM
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We use it everyday. Without it, we can't go to work, we can't eat,we can't have any daily essentials. What am I talking about? Money.More specificly the american dollar(USD). We use it so much that we fail to realize what it really is,fabric and paper. So what am I exactly getting at? Paper money is worthless.
Paper money itself is worth nothing. It works by having the governemnt back it up with precious metal, meaning for every american dollar made, there is gold and silver bullion to match it's potential worth. The united states government makes more paper money than it is able to back up by precious metals. Because of this, the american dollar is steadily losing its value. To make things worse, Our country is simply not producing enough raw materials. Instead, we pay other countries to mine materials to export to us. Because of these two factors, heavy inflation has been creeping upon us and one day it will hit us like a bomb.
Look at the past few months. Several horrible natural disastors including one on american soil have occurred. Throughout history, precious metal , especially silver, has proven itself that in times of crisis, it's value greatly raises. Go to link and check out the charts and see for yourself. Within the last few months. silver prices have increased over 80%, one of the largest growths in the past few years. This growth reflects the 1970's when silver prices sky rocketed, and they did because of three main important factors, inflation,war,and overspending. These three factors are occuring now, thats why silver prices have grown over 100% since 9/11 and 40% just in the past couple months. Currently the silver price qoute is roughly 7.69$ and it is steadily riseing. Once that price exceeds over 8.30$ it will sky rocket just like it did in the 70's. I believe that our economy will greatly change in the next few years, and these changes will drasticly effect where the united states stand as an economical power in this world. Believe it or not, but we are already loseing our position as top dog. I urge everyone of you to start investing in silver and gold now, because soon, paper money that you use everyday will be just paper. We are heading towards a greater deppression than the first one. A deppression that we have caused ourselves.How do I know? Because History has always proven to repeat itself, and unforunately, we have done nothing to stop it. |
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