"Tangibles trump conceptuals. Modern fiat currencies are generally accepted, but have essentially no backing. Because they are largely a by-product of interest-bearing debt, modern currencies are destined for inflation. In the long run, inflation dooms fiat currencies to collapse. The majority of your assets should be invested in productive farmland and other tangibles such as useful hand tools. After you have your key logistics squared away, anything extra should be invested in silver and gold."
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Novelists from the United StatesNon-fiction authors from the United StatesBloggers from the United StatesPeople from CaliforniaGun rights advocates
Original Language: English
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https://en.wikiquote.org/wiki/James_Wesley_Rawles
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James Wesley Rawles
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