What is money?
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- CableStudios0
interesting
- pswinz0
@Jacque... very true!
- zaq0
- CableStudios0
Btw...Bitcoin is amazing! Worth spending some time getting to understand it. However, gold and silver are money. Nothing else is. The ball and chain above would represent "currency" controled by the banks and ripping us all of (debt).
Gold & Silver on the other hand, I wouldn't buy a little. I'd buy as much as you can afford. Keeping enough cash aside to live off. Gold & Silver are both manipulated markets. They are money and nothing else. Soon they will be money again once everybody wakes up and realises this.
I would buy silver and not gold for these reasons:
If you follow websites below (bookmark them and pay a visit at least once a day) you will do well. Rather, you will start to understand the real world of economics;
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Do not buy ETFs, "ishares" any bank backed financial products. Buy physical gold & silver...
But between the 2...
Buy silver!..... buy gold if you like, silver is so much better due to supply & demand;
http://www.coininvestdirect.com/…
They are based in Germany, have best price over spot (they have low premiums). This is where I buy. You sign up, make a purchase, then pay for the purchase via bank transfer.
I bought this back in November 2010 at £18 per ounce. Each one ounce of coin will go to £500 each when the dollar collapses. I will be buying a home with enough silver! Houses are still over valued. Silver under valued. This is the cycle where precious metals are the asset class to be in.
To understand weath cycles see Mike Maloney (owner of gold silver.com):
For more videos here;
http://m.youtube.com/profile?des…
Hope that helps! Maybe talk about design another day ;-)
- < let us know when everybody wakes up and realizes this.monNom