You are viewing a single comment's thread from:
RE: Why I think people that have physical silver are nuts - looking at you raybrockman
I don't see silver as an investment but more as a security for when the dollar tanks. There is so much paper out there that is backed by nothing other than only a government promise. No currency lasts forever and it always goes back to being backed by gold and silver. I'll continue to stack physical gold and silver.
I hear you about FIAT. But for you, does that extends to stocks? My view is that both metals and stocks (lets not bring derivatives in here!) are physical things just MARKED in FIAT. And if a currency tanked (as in ZIM or Argentina) they will just be revalue to the next best (and easiest) form of wealth. That has, in the past been the dollar. But if that tanks, may be the Euro? Next, might be crypto or metals. My point being that the stocks will still have value as the means of production and won't just be devalued to zero. If they do, then so could silver and gold - maybe even have a greater chance. IMO of course! :)