RE: Doug Casey On Trump, Cryptocurrencies, the Coming Collapse and the End of Western Civilization

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Doug Casey On Trump, Cryptocurrencies, the Coming Collapse and the End of Western Civilization

in money •  7 years ago 

Silver has been mentioned numerous times as a way to purchase food there right now.

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7 years ago by

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      ·  7 years ago 

    The only thing that turns up with "silver, food, venezuela" is a PR post on zerohedge by a metals concern and a few random quotes by people holding silver pumping their book.

    I don't see any mainstream or independent media reports that they are using silver as a daily means to put food on the table. It looks like an out-of-context PR snippet gone viral instead.

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        ·  7 years ago (edited)

      Their fiat currency is practically worthless, and goods are still being exchanged. You really hate PM's, ehh? Crypto is helping people there too. If people are using crypto, surely PM's are being used as well.

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          ·  7 years ago 

        I question the precious metals narrative. "Hate" is a word that denotes some personal vendetta, which I don't have.

        I appreciate the back-and-forth, most people who have an interest in metals usually don't explain themselves.

        I appreciate it.

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            ·  7 years ago 

          I'm definitely not a gold or silver "bug." Precious metals are just one basket of many. As a trader is most of your wealth in the stock and other markets? I'm always interested in learning more to better diversify my holdings, and I really appreciate your content and replies!

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              ·  7 years ago 

            No problem. I try to look for different assets to invest in. Crypto got on my radar a long time ago, so its been an interesting ride. Equities are overweight, so its hard to trust anything on that side for now. Bonds and interest rate products are suffering under low-interest policies, so they don't turn much either.

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