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[–] PhilaFerret 0 points 4 points (+4|-0) ago 

This article reads like a Zero Hedge ad for gold or silver.

“I think this bubble is too big to pop. I think it’s the mother of all bubbles, and when it bursts, there is not a bigger one that the Fed is going to be able to inflate to mask these problems,

“How many straws can you put on a camel’s back?

“Everybody is going to lose. Everybody is going to get wiped out

“They can’t keep doing it, and it will end.

And Peter Schiff secures the bait:

“People don’t trust fiat currencies...More and more people are looking for alternatives, and the real alternative is gold.

Come on, Voat.

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[–] FrogMantra [S] 0 points 3 points (+3|-0) ago 

everyone knows that real alternative is land,cows and grains.

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[–] Tzitzimitl 0 points 4 points (+4|-0) ago 

the real alternative is pepes

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[–] foltaisaprovenshill 0 points 1 points (+1|-0) ago 

I mean, he's not wrong. USD isn't real money. They print trillions of it, then print trillions more to cover up the negative effects.

Hedging into gold IS a good idea. And not paper gold fake shill garbage, either. Physical gold only.

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[–] PhilaFerret 0 points 0 points (+0|-0) ago 

Gold has as much false value as diamonds, paper, or other concepts.

Sure, one has metallurgical scientific value while another's is based on tendies, but in the end actual value exists for each. People's perception of value is what allows value, which is impermanent regardless of its current form.

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[–] elcob32 0 points 2 points (+2|-0) ago 

He's been saying this forever. For the most part his views are pragmatic and based on sound mathematics.

Math is not the only thing that affects our economy though. We have a giant military and we seem to use it whenever a currency threatens the dollars supremacy.

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[–] FrogMantra [S] 0 points 0 points (+0|-0) ago 

ah economic collapse or a world war both seem chaotic.

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[–] KoKansei 0 points 2 points (+2|-0) ago 

Bitcoin is already exploding...

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[–] Caesarkid1 2 points 1 points (+3|-2) ago 

You can melt down gold and turn it into things you can sell for even more than the gold is worth.... It always has a use....

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[–] Spy_Banking 1 points 0 points (+1|-1) ago 

You can store information and transfer value in a permanent unhackable antifragile blockchain. I agree, they both have uses.

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[–] freedumbz 0 points 0 points (+0|-0) ago 

How would the dollar collapse if it isn't linked to gold? Wasn't it linked to oil?

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[–] carlip 0 points 0 points (+0|-0) ago 

it's propped up by the oil trade, having somewhere to dump the worthless notes gives it perceived value.

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