You tell it to them. Like the crowd is always right? Today is a perfect example of what I mean. Panic in the streets, all manner of risk is being sold. Gold SHOULD rally. Does it? No, it takes a $20 (at the moment) cliff dive as people liquidate anything and everything.
I've got 80+ acres of farm and hunting land in West Virginia. Come visit me, I'll put you to work as the mechanic that keeps the solar panels and well running. You get to eat
You cannot compare the US to Argentina and Zimbabwe. I'm sorry, but you can't. I know you'll say you can, but nah.
It's not a direct comparison, it's just an example of human nature and how it treats gold & silver. Argentina is a better comparison, as it was considered a 1st world nation prior to the currency collapse. What is so different about USA that the population will never use gold & silver as a form of barter? Do you honestly believe so? Do you honestly think that USA cannot undergo a situation similar to what Argentina went through? There are already parts of USA that seem as if they are stuck in some third world episode.
I'm in Oregon, so if shit goes sideways I'll start walking east! Watch for the guy dragging a tool chest mumbling "gotta find Ivanovich.. so hungry.."
I guess we're just going to have to agree to disagree. Comparison of the USA to a third world country is hyperbole at best.
The Euro is the 2nd most issued currency in the world accounting for about 30% of all foreign reserves. If you want to disregard it's weakness versus gold as irrelevant be my guest. By the way, nice sell off in USD gold as well yesterday. This 0.10% drop is bound to make a few longs nervous here.
Argentina was considered a first world country prior to its crisis. Maybe you were not aware of this, but this was established and there was significantly journalism during the 1990s about how Argentina has progressed to be on the level of Europe and USA. Additionally, USA's first world status is questionable at times.