When a whole generation is brainwashed to over-consume and buy buy buy the latest everything, where would they have money for savings?
Between the home loans, car loans, credit cards, student loans, etc.. there's nothing left for savings... and that's whats scary. In 2008, people lost their savings via investments... This time around, there is no savings... it's all borrowed (negative interest rates)... whoever didn't lose their shirt in 2008, will likely lose it this time because whatever is left will be used to bailout (or bail-in) the few bodies that got us in this mess.
Still not too late to take control of your financial situation and buy silver while still very low.
I have been hoping for silver to go up, but now am disappointed that I can't buy it in the $15 range. Dollar cost averaging though...and still better than putting into a savings account at .00001% interest. Keep the good news coming SF!
When a whole generation is brainwashed to over-consume and buy buy buy the latest everything, where would they have money for savings?
Between the home loans, car loans, credit cards, student loans, etc.. there's nothing left for savings... and that's whats scary. In 2008, people lost their savings via investments... This time around, there is no savings... it's all borrowed (negative interest rates)... whoever didn't lose their shirt in 2008, will likely lose it this time because whatever is left will be used to bailout (or bail-in) the few bodies that got us in this mess.
Still not too late to take control of your financial situation and buy silver while still very low.
I have been hoping for silver to go up, but now am disappointed that I can't buy it in the $15 range. Dollar cost averaging though...and still better than putting into a savings account at .00001% interest. Keep the good news coming SF!