All fiat currencies are heading towards their intrinsic values of zero.
Good demonstration of your
awesome knowledge of economics.
There is no chance of paying off the nation debt.
Right, because why would a nation with a good credit rating (e.g. U.S.) and extremely low borrowing costs want to have no debt? It doesn't make sense...
Chavez recently demanded his gold from the City of London.
Oh well, if Chavez does it... it's not like he's a nutjob.
Silver under $100/ounce is bargain basement prices. Keep buying silver and gold. Do not stop.
You first.
There is a long way to go for gold. I won't argue that you are buying at the bottom right now, but you aren't buying at the top either.
The question is why buy it at all? Gold isn't meant as a primary investment vehicle. It's meant as a hedge against a very particular kind of economic threat: inflation. Right now, there's really no strong signs of inflation, and even if there were, because of the extremely low discount rate, the Fed would be very well positioned to control it.
The more money that is printed the more a currency will be devalued.
This isn't entirely accurate
I won't touch silver right now, it's far too volatile and subjected to massive manipulation (JP Morgans shorts) but I am defiantly buying gold on this dip.
And you think that gold isn't? You have advertisements on TV urging people to sell gold
by mail and advertisements on talk radio, urging people to buy gold. No doubt, silver is more volatile, but if you think that gold is somehow immune to manipulation you are deluded.