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I'm really no expert on this matter either, but i've been following Robert T Kiyosaki on this matter, and have been doing my own reading, and from what i unders
by krmmalik 15y ago
I'm really no expert on this matter either, but i've been following Robert T Kiyosaki on this matter, and have been doing my own reading, and from what i understand should we hit another depression like economic scenario, precious metals will indeed have plenty of intrinsic value.
The author of the article gives the example of his father losing money on the coins bought. I suspect (with respect) that his father's timing was off, but the strategy was probably correct.
There are many conspiracy theories that also float around, some believable, some not so, but if there is some truth to them, then the reason for abandoning the gold standard has more to do with control of the masses as opposed to counter-inflationary reasons.
As i said. This is just my understanding, and im certainly no expert on this matter by any means. Im stocking up on a little bit of silver anyhow. If anyone wants to see the YouTube video by Kiyosaki that got me inspired, let me know, i'll post it here.