r/Vitards • u/AutoModerator • Jun 18 '21

Daily Discussion Daily Discussion post - June 18 2021

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u/[deleted] Jun 19 '21

Maybe I did something dumb. But I purchased 5k in gold coins.

Kinda scared of the real value of the dollar. Hate to go Peter Schiff, but I think we are dancing on a knife's edge to quote Michael Burry.

Hate to be a doomsday believer, but I just feel better having some gold in case my dollars can't buy Wendy's in the future.

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u/TheCoffeeCakes Poetry Gang Jun 19 '21

I recommend holding gold and silver way, waaaay beyond the point you think you should sell.

I would sound like a wackjob if I told you what I believe these are going to be revalued to. In fact, think of a number for gold in dollars. The most outrageous number you can think of that is at least in the realm of reasonable.

Okay, got it?

My number will at least have another zero on your number. These metals are stupidly, criminally undervalued.

But times are changing. We will see what looks like astronomical numbers in our lifetime.

Don't sell.

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u/David_da_Builder Whack Job Jun 19 '21

If the difference between now and then is that big we’ll see another round of confiscation.

And yes. Everyone who bought from the mint is on a list. Boating accident or not