|ar, i would lean towards silver for several reasons.|
1. i don't have enough cash to fill my whole home with silver. ;-)
2. it is less likely to get confiscated.
3. it is easier to spend.
having said that, i'm not buying PM just yet.
i fully expect a wicked deflation first - and i mean *wicked*.
1. the banks have, historically, created inflation to sell into and then deflations to buy into. this is how they asset strip societies and it has worked very well. i see no reason for them not to do it again. remember, private banks control the issuance of money and credit... they control where we go, not government.
this was obvious back in 1913...
2. we've already had a MASSIVE credit expansion without any real creation of wealth. we went from $0 to $600-$1600 trillion in derivative based debt without creating a single thing of value.
inflation is when our piece of the pie gets smaller and smaller as more pieces are created.
in our case, the pie basically stayed the same size and the claims on each piece was dramatically increased.
as an example, for each chair, there are 15 people who think it is theirs... when the music stops, 14 people get wiped out.
3. QE isn't "printing money." QE is stuffing a debt saturated system with even more debt. this strangles the economy over time.
4. imho, people have misread greenspan's and bernanke's remarks. yes, they said they would create unlimited debt (money *is* debt) in order to save the banking system. the key point is saving the banking system - well, their employers' banking assets, anyway.
they aren't going to save the little guy who is too small to save. they will bury the little guy.
a second point is that there may well be political limitations on the debt they can create to hand cash to their buddies and force society to pay back - the pitch forks come out at some point. congress has no say - the bankers set it up so that they control the money and credit and the government can only end that power by changing the law. that's why they spend billions on congress and the MSM to control congress.
5. i don't believe they can even hint at inflating away the debt by disassociating money creation with debt creation.
the moment they do, private lending will stop and interest rates will skyrocket, forcing near immediate and massive loan defaults. perhaps the bank runs and closures would follow within a short time frame.
6. bonds, silver, commodities, etc... aren't giving any indication regarding inflation.
7. given item 6, it is crystal clear to me that gold rising isn't a tell for expected inflation. imho, its rise is primarily based upon the idea that it is collapse insurance for the rich. i'm not rich, but i've been pretty smart about my finances (not investing - the markets are insane and rigged and i'm sane, so it isn't a good match). i had enough cash to pay off my house in full, with some cash left over and our 401ks and iras intact, and that's what we did. not b/c i wanted to, but b/c i knew it was a lot easier for the kleptocrats to steal my bank account and my brokerage account than the home i'm living in.
well, if i were rich with a home or two already paid off, i would've been buying gold in order to get my assets out of the failed banking system, too. why not silver? well, there is the issue of storage. $1 million in silver is much harder to store than $1 million in gold, so demand for gold by these rich folks has been much stronger than silver.
i believe inflation will come once again - but after a *massive* deflation of purely *epic* proportions hits first.
i plan on buying PMs, but at lower prices and i will dollar cost average when i start buying.
of course, food, water and home protection are very high on the list of "assets" to have when this all goes down.
the following media gives an explanation that seems to jive with what i think will likely occur over the medium term...
nicole's view is even worse than my view of the future... but i find her logic pretty thorough and good - so she might be right, as scary as it might be...