Germans ditch cash for hard assets

wyatt earp · July 22, 2012, 03:09

FAL freek · July 22, 2012, 07:22

Well better they go out buying stuff than going on the march and taking everybody elses stuff.

Paris is safe for the moment.

**Thorack** · July 22, 2012, 07:42

Hmm,

Very interesting that they are not buying PMs. Sounds like most just want to cash out of the Euro while its still high against the dollar. Funny that guy brought up the mark of the 20s as why he is getting out. Germans once bitten by worthless fiat are twice shy.

So many interesting points, they consider saving to be losing money with the low interest rates and creeping inflation. They also seem to be secure that there will be future even if the euro collapses. No mention of bunkers or prepping for the apocalypse.

Maybe I should brush up on my German, sounds like it will be OK there.

Thorack

**Mark IV** · July 24, 2012, 14:37

But who will have money to buy your Mercedes gull wing when the bottom falls out?

I wouldn't be spending money on a vintage car as a hedge. Too many other important commodities and training take precedence.

**Thorack** · July 24, 2012, 15:19

Mark IV,

Thats the point, they see a light at the end of the tunnel when that Gullwing will have high value XX years in the future. Maybe its because they as a country have been through this before and the world didnt end. It was rough for about 30 years but those that made it out the other end were OK.

When I lived in Germany I noticed that they thought decades in the future where as we think in much shorter time horizons. They arent thinking bunkers and end of the world, they are thinking its gonna be a rough patch and then back to normal.

I think thats more of what it will be like, a real rough patch then back to normal, how long I dont know and how rough I dont know. I figure we are due for a big war so who knows. I do think there is light at the end of the tunnel though.

Thorack

**Mark IV** · July 24, 2012, 18:41

Hope you're right. I tend to be pessimistic regarding this issue.

July 22, 2012, 03:09	#1
wyatt earp Registered FALaholic #: 8158 Join Date: Nov 2002 Location: North Carolina Posts: 543	Germans ditch cash for hard assets __________________ “Take time to deliberate, but when the time for action comes, stop thinking and go in.” ― Napoleon Bonaparte

July 22, 2012, 07:22	#2
FAL freek Registered FALaholic #: 10400 Join Date: Apr 2003 Location: TN Posts: 7,178	Well better they go out buying stuff than going on the march and taking everybody elses stuff. Paris is safe for the moment. __________________ Please put the Constitution on the teleprompter Liberals want diversity in everything except your opinion.

July 22, 2012, 07:42	#3
Thorack Acquisition Corp Dude Bronze Contributor FALaholic #: 748 Join Date: Aug 2000 Location: Omaha, Nebraska, USA Posts: 5,625	Hmm, Very interesting that they are not buying PMs. Sounds like most just want to cash out of the Euro while its still high against the dollar. Funny that guy brought up the mark of the 20s as why he is getting out. Germans once bitten by worthless fiat are twice shy. So many interesting points, they consider saving to be losing money with the low interest rates and creeping inflation. They also seem to be secure that there will be future even if the euro collapses. No mention of bunkers or prepping for the apocalypse. Maybe I should brush up on my German, sounds like it will be OK there. Thorack __________________ 1. Whenever you are talking to a woman realize this person was born insane and you will never be surprised. 2. Never let Doctors cut on you unless its life or death and ALWAYS get a second opinion.

July 24, 2012, 14:37	#4
Mark IV Curio & Relic Silver Contributor FALaholic #: 50937 Join Date: Dec 2009 Location: Michigan Posts: 2,966	But who will have money to buy your Mercedes gull wing when the bottom falls out? I wouldn't be spending money on a vintage car as a hedge. Too many other important commodities and training take precedence. __________________ "A patriot must always be ready to defend his country against his government." Edward Abbey

July 24, 2012, 15:19	#5
Thorack Acquisition Corp Dude Bronze Contributor FALaholic #: 748 Join Date: Aug 2000 Location: Omaha, Nebraska, USA Posts: 5,625	Mark IV, Thats the point, they see a light at the end of the tunnel when that Gullwing will have high value XX years in the future. Maybe its because they as a country have been through this before and the world didnt end. It was rough for about 30 years but those that made it out the other end were OK. When I lived in Germany I noticed that they thought decades in the future where as we think in much shorter time horizons. They arent thinking bunkers and end of the world, they are thinking its gonna be a rough patch and then back to normal. I think thats more of what it will be like, a real rough patch then back to normal, how long I dont know and how rough I dont know. I figure we are due for a big war so who knows. I do think there is light at the end of the tunnel though. Thorack __________________ 1. Whenever you are talking to a woman realize this person was born insane and you will never be surprised. 2. Never let Doctors cut on you unless its life or death and ALWAYS get a second opinion. Last edited by Thorack; July 24, 2012 at 19:06.

July 24, 2012, 18:41	#6
Mark IV Curio & Relic Silver Contributor FALaholic #: 50937 Join Date: Dec 2009 Location: Michigan Posts: 2,966	Hope you're right. I tend to be pessimistic regarding this issue. __________________ "A patriot must always be ready to defend his country against his government." Edward Abbey

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