Buy gold and silver to maintain purchasing power | Mike Maloney & James Turk

Buy gold and silver to maintain purchasing power  | Mike Maloney & James Turk

This video shows James Turk and GoldSilver.com’s Michael Maloney focusing on Austrian school economics and buying gold and silver to maintain purchasing powe…

2 thoughts on “Buy gold and silver to maintain purchasing power | Mike Maloney & James Turk

  1. John Fenman

    As messed up as government budgets and monetaey policy may be, there is
    something I cannot overlook. Silver went from $8 to $16 between 1978 and
    2015. Folks that is 37 years. The half life of money at 7 percent inflation
    is around 9.5 years. To be even with 1978 silver prices, silver would need
    to have doubled 4 times and be at $128. Does this mean we are due for a
    bounce in silver prices, or does this mean silver just sucks as an
    investment because it is a byproduct of mining other metals?

    Does something that sucked for 37 years all of a sudden change its stripes?
    The Hunts lost their fortune betting on silver even if they did get it to
    $51 for a few weeks. Even barnyard chickens will peck at something shiny,
    but silver tarnishes, so unless you polish it, even the hens might stop
    pecking it.

    Just saying, another 37 years would get you to 2052. We coukd be dead of
    old age before this sucker sprouts wings.

    

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