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WTF !! MSM CNN : "DON'T BUY PHYSICAL SILVER BUT PAPER CERTIFICATES "
Ms Sans Serif
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[quote:Anonymous Coward 25260363:MV8yMDExODgxXzMzODI5NzMyX0JBRkM3QTFB] [quote:Anonymous Coward 16213681:MV8yMDExODgxXzMzODA3OTcyXzRFMTFCNjQ3] [quote:Anonymous Coward 602706:MV8yMDExODgxXzMzODA3MzkyX0REMDUxRTFG] [quote:Anonymous Coward 18169141:MV8yMDExODgxXzMzODA1ODYzXzhCQzYxNTJD] [quote:Anonymous Coward 11518748:MV8yMDExODgxXzMzODA1NzMyXzhBRUE5NkMy] Paper won't mean crap when it hits the fan.Madness. [/quote] Neither will silver, people will be trading in stuff they need like food and salt. [/quote] I've always imagined during a situation such as when SHTF, if I had food stockpiled, someone may come asking to trade my food for their silver bars. And I then try to imagine what use I will have for silver bars when SHTF.. [/quote] If you need supplies or run out of certain food items, tools, you will need your silver in addition to just swapping items. Or you need gas or other fuels, transportation, lighting, medicine. [b]In africa people with literally nothing to eat pan for gold all day for a few grains so they can eat for one day. Food & supplies are sold off trucks for gold.[/b] [/quote] That's true, I've seen a documentary about it on TV. BUT, keep in mind that in Zimbabwe (which I believe is where it was) they are experiencing a LOCALISED collapse. Therefore, there are still people in other parts of the world willing to pay for the gold, so the middle men set up where the gold panning is taking place and the OUTSIDE gold investors are ultimately who creates this market. In a general worldwide collapse, there will be no outside investors capable of creating local PM markets in every town and village. So, unless you have a local bigwig who has prepped beyond belief and is willing to make a market in PMs by providing liquidity in the form of food and medicine and what not, the PMs will be worthless until a market is reestablished. For physical PMS here in the US, Ebay and the local coin shops all over the country make the market in physical PMs. Since I know I can sell my coins and bars for either cash to the local coin dealer or Paypal funds on Ebay, I'm comfortable holding silver and gold instead of USD because I believe that my metals will outstrip the USD in value between now and the time when I feel the need to convert back to cash in order to buy needed items. I of course already have a good prep stash started, but I feel like we still have a way to go before the end, so I'm banking on being able to buy MORE stuff with my PMs down the road, than I could right now. [/quote]
link to www.silverdoctors.com
CNN Money’s response? ETF’s such as SLV or SIVR (notice Sprott’s PSLV is not included), silver certificates- essentially own paper silver in any way or form as long as investors avoid actual physical silver bullion like the plague.
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