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RE: (VIDEO) Alert: Bond Market Turmoil Is Now Punishing The Stock Market. MORE! By Gregory Mannarino

in #money7 years ago (edited)

have you ever hear of Venezuela. They are already in the poop, their bolivar has collapsed, there 1 ounce of Gold will buy you a HOUSE, there 1 ounce of Silver will buy you multiple months of food.

Look at the price of Silver there: 166.27 per ounce...
http://www.livepriceofgold.com/silver-price/venezuela.html

Please don't preach to me about 10 Silver or whatever. I already know better.

Later

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I don't consider Venezuela's currency a "reserve" currency. Nor do I consider Russia's currency a reserve currency. Both are too reliant on one asset >>> oil. And oil is priced in dollars. Thus Venezuela's problems. I'm not preaching either. I'm giving you my opinion, nothing more, nothing less.