A world gone mad - diary of a fed announcement, and why silver is about to go nuclear

[swissaustrian]

Sorry to hijack the thread but I have a question on this matter and you people seem to know what you're talking about.

Would it be a wise decision to invest in physical gold/silver right now? And if so, which one? Or both? What are pros and cons of each?

Thanks.

Pro: Long term opportunity.
Contra: Short term correction in gold underway.
Silver could sell off quite a bit if industrial demand collapses.

 

[pmbug]

billjones: http://the-moneychanger.com/commandments.phtml

 

[-C-]

the 1350's gold bubble blowout.

most people do not know, that during the 14th century, there was a huge gold bubble...and it burst, driving the planet into a darkage, and allowing conditions for the "black plague."

The Venetian Empire had went all over europe stripping nation states off of their Silver standards in every way possible. There was a time where the Gold Florin was literally worthless in physical form. You could not buy a horse and a cart to haul the gold, with all of the gold that it could haul. Where was all the "wealth?" It was in silver, which the Venetians held. They then moved their Imperial structure to Britain with the invasion of William of Orange, which explains the "pound sterling," in more ways than one.

This is what happens to your currency, regardless of what it is, if you do not have the physical productive processes, per capita, to back the currency.

 

[Acala]

citation

most people do not know, that during the 14th century, there was a huge gold bubble...and it burst, driving the planet into a darkage, and allowing conditions for the "black plague."

The Venetian Empire had went all over europe stripping nation states off of their Silver standards in every way possible. There was a time where the Gold Florin was literally worthless in physical form. You could not buy a horse and a cart to haul the gold, with all of the gold that it could haul. Where was all the "wealth?" It was in silver, which the Venetians held. They then moved their Imperial structure to Britain with the invasion of William of Orange, which explains the "pound sterling," in more ways than one.

This is what happens to your currency, regardless of what it is, if you do not have the physical productive processes, per capita, to back the currency.

I would be interested in citation to authority for any of this.

 

[pmbug]

http://www.doeda.com/collapse.html

I don't know how accurate it is, just something I found with a cursory search. Also, it appears that it wasn't a "gold bubble", but a credit bubble. Much like we have today.

 

[Seraphim]

A lot of what he said was incomplete.

The Dark Age was largely the result of the religious banning of usury in all forms. No one could safety lend to others. People were left to lending money only to family members. The economic production of society plummeted.

That is what really skewed the value of everything...gold and silver included. -C- is right in that, for most people...gold and silver became worth a lot less because there was little food to truly peg any concrete value too.

The upper half of society (economically), still valued gold/silver a lot because they had food it would traded for.

I would be interested in citation to authority for any of this.