So what do you guys think the future will be like for precious metals, such as gold, silver, platinum, and palladium? With socialism on the rise, and the economy of the United States becoming more uncertain, I think there has never been a better time to get in on some.
For a long time, the US currency was based on a gold standard, but now it is simply a fiat based one. The problem as I see it, is that fiat based currencies seem to revert back to a value of zero because they arn't being backed by anything tangible. This ultimately leads to hyperinflation. In Venezuela right now, word is that an ounce of silver can buy six months of food.
Over the long term though, what will be the future of these commodities? Say, by the 2060's, will these materials have lost their value, if they can be produced by anyone at an atomic level with nano fabricators?