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 Replies: 66 / Views: 6,224 |
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Valued Member
United States
302 Posts |
I wrote this Quote:
As an aside, next year could be a watershed year in gold if history repeats. On 5 April 1933 FDR confiscated gold. That date is 1254 days after the crash on 29 October 1929. 1254 days after the 2008 crash is 31 March 2012. It may be a date to watch if gold resumes making record highs. and Quote:
Watershed moment (if history repeats) would mean gold confiscation which is more and more likely to happen as gold goes up. Holders (hoarders) of gold torpedo the actions of the powers that be if left alone. So, as gold climbs higher, the more threatened are the policies of the government, therefore requiring drastic action "for the good of the country". In other words, private gold ownership shackles the government from confiscating money through inflation and is a direct threat to the survival of the government. on the 17th of December in this thread. That jives with what angel just said, so it is more imperative to be aware that this could happen if PMs rocket. |
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Pillar of the Community
United States
3670 Posts |
If the gov decided to confiscate all the gold again which I personally doubt will happen (and that fact makes me think it probably will, lol.), then I figure that will just be another big plus over in the silver holders camp eh....
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Pillar of the Community
Australia
7096 Posts |
I don't think silver was considered a PM back in the thirties, It certainaly is now. If the goverment was crazy enough to confiscate the gold, What makes you think that silver would be exempt  |
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Pillar of the Community
United States
3670 Posts |
Good point Trout, I was kinda hoping it would get ignored like it does by most, hiding behind the  ball lol.... Edited by Silverhawk74
01/05/2012 01:02 am
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Valued Member
United States
302 Posts |
Quote:
I don't think silver was considered a PM back in the thirties, It certainaly is now. Silver was money in the 30s. No way that they could do anything then. Now bits and bytes are money, so silver is now a possible, maybe probable, target. It shares with gold the fact that it shackles the government. |
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Rest in Peace
United States
9104 Posts |
Quote:
No credit & no economy = No money = No military = No defense. The US has the largest sitting army in the world, if the PTB would just obey the constitution. 50 million gun owners, ready to go as fast as they can grab them. |
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Rest in Peace
United States
9104 Posts |
Quote:
I don't think silver was considered a PM back in the thirties, Our first coins were silver, silver certificates have been around since at least 1886. |
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Valued Member
United States
302 Posts |
Quote:
The US has the largest sitting army in the world, if the PTB would just obey the constitution. 50 million gun owners, ready to go as fast as they can grab them.
That is the whole problem. |
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Pillar of the Community
United States
2168 Posts |
Yes but it seems it doesn't have to be followed as of lately and it flies!
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Valued Member
United States
410 Posts |
@ trout1105: Yes, he has done very well so far. Hopefully silver stays on a roll, he has 16 and 14 year old daughters that are dependent on the price of silver to pay for their college since all of their college savings are in silver as well.
@ Ed_B: Yes, $30,000 is an impressive stack, but I still don't see you as a stacker. Earlier you said that you are holding 2% of your investments in silver. That would put your total investments at about $1.5 million. In that context you are only dipping your toe in the water when it comes to silver. If the price of silver crashes it won't affect your life much at all. It is not different than if you made a bad bet on a stock.
To me, a stacker is someone that has given up on other forms of investing and are holding the majority of their net worth in PM's. The man I mentioned above is a stacker. If the price of silver crashes he will lose his entire net worth.
Edited by JSH
01/05/2012 10:37 pm
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Pillar of the Community
Australia
7096 Posts |
Quote:
Our first coins were silver, silver certificates have been around since at least 1886. Yes and in most of the countries in the world issued silver coinage because at the time the face value of these coins were worth more than the silver content. The silver certificates were just another one of them "Paper silver" deals. I bet you can't take them in and trade for face value silver dollars now |
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Bedrock of the Community
Australia
21788 Posts |
Several years ago, before the GFC, a professional investment advisor said to me that it can be prudent to put up to 5% of your investments into bullion. He then clarified that by saying that the ovearall 5% could include stamps, coins, artworks as well as bullion. Depended on what the investor best understood and enjoyed.
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Pillar of the Community
United States
4008 Posts |
Quote:
...but I still don't see you as a stacker. Well, then, I guess that the best we can do is agree to disagree. :-/ I also know people who believe that if one does not have $5 million invested, they are not an investor. I don't agree with them either. Whatever. |
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Pillar of the Community
United States
2168 Posts |
I guess everyone has different descriptions of a stacker but I think that people that are building a 'pile' of PM to keep for a secure store of value are stackers. They basically are holding on for the most part forever or until/unless a time arises that the PMs are used as a method of pmt in dire times. Yes, some may be sold for a necessity but in general the PM is kept. The 'stack' starts someplace and you don't have 50percent of total assets from the start. I think its gradually acquired. Just my thoughts
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Valued Member
United States
410 Posts |
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Well, then, I guess that the best we can do is agree to disagree I have no problem with that. The term means different things to different people. |
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Posted 01/05/2012 12:38 am
