Quote:
Originally Posted by Knightbk
You guys are missing two important points:
1. The United States commands a lot of power in the world, so at the end of the day, people will rally around its dollar, as is happening now. The psychological factor is MORE important than anything.
2. Almost every other country in the world that has money right now, has it in Dollars (China, Saudis, Russia, etc, etc). All these countries have been selling Resources to America in return for Paper Dollars, which currently have worth.
The simple fact is, if they start dumping dollars, it will cause a chain reaction that will collapse the dollar and all their wealth. America will still have what they bought, but those other countries will be out those resources plus the wealth they thought they had.
The bottom line is, the US is just the safest form of currency right now and everybody is cought in its grasp and can not offload that currency because doing so would screw them as much as the US.
As for the Euro, it will devalue even more in the future due to poor economics in those countries. Too much socialism and uncompetitiveness will hurt it more than it does America.
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Oops, I believe you missed some chapters or you just came back from a one years holiday!
But I have an excellent exercise for you: If you are in the US
- can you please buy me some lets say 1'000 1-Ounce-Silver-US-Liberty coins?
- As soon you found an official dealer, willing to sell lets say @ USD 15 (which is a premium of >50% to the Silver spot price)....
- and the 1000 ounces will be shipped over to Switzerland (the dealer shall take care of this)
- I will give you my contact details you give to the dealer, and I will pay you USD 1 per ounce which makes USD 1'000
- If all this runs smoothly and you can get even 10'000 1-Ounce-Silver-Liberty-Coins we do the same business again!
Deal?
Cheers, silverman
