Fear inflation, not convinced of buying gold yet?
Posted March 31st, 2009 by admin 1 Comment »
Would it be reasonable to tell people who are convinced inflation is coming, but not ready to buy gold and silver yet, to at least exchange their money into coins?
This is what hyperinflation looks like in Zimbabwe
http://humorland.wordmess.net/20081025/what-the-real-crisis-is-like/
Let’s think back. According to www.coinflation.com, pennies and nickels are ALREADY becoming worth more in metal value. That means, if inflation goes ANYWHERE UP, at least coins will be worth face value or more.
If you were in Zimbabwe, and you had a few pennies, who cares if a dollar is now worth 1/100000 what it was? A penny is still worth a drop of copper or zinc, right?
Oh yes, I KNOW silver and gold are good, but outsiders don’t know anything about why precious metals are expensive, plus if they didn’t do their homework, they’ll think precious metals are DEPRECIATING today. Melt value CAN drop from supply and demand, and the less worth your metal is, the more likely it’ll be used on a daily basis (for small things like food).