Wednesday, February 13, 2013

Clueless about money

There are clueless people out there.  I try to not be one of them.

I saw this question about buying silver: "But who are we going to sell back to when we need money someday?"

Seriously?  Silver IS money.  The "money" the person refers to is fake.  It is only money because people believe it is.  Don't trade your money for Federal Reserve Notes unless you find someone who prefers fake money.  And, in that case, someone more intelligent will always be happy to trade you so that you can pay the economically ignorant person.  At least until "dollars" are no longer an option, in which case the FRN-preferrer is gonna be out of luck.