The Longest Record Broken: Gold/Silver Ratio Hits Highest in Over 5,000 Years
I bought $300 worth of silver last night, and I plan to buy more while I can. The government is injecting a massively gigantic amount of cash into the economy to counter the decreased velocity of money, but within a year and a half or so, the velocity of money will sharply increase, possibly higher than before. That will cause such a high rate of inflation that I'm afraid of what could happen. I bought physical coins because I don't know if the financial institutions will waver, crumple, or at very least become inaccessible for a while. I've stashed some cash too in case there's a run on the banks, but I don't know if they will be worth as much.<p>Basically I'm preparing for a global depression. This sudden shock to the economy is unprecedented in any modern time, and we have no idea what could happen.