Who'd Want The Dollar To Fail For Silver And Gold To Go Up?

now lets not hope for this. I still have a job that only pays my in dollars. most of us probably dont have enough silver and gold to live off of. also it will cause mass chaose. everything would close electric would turn off, no gas for our cars, no food, gangs would be everywhere. those of us who do have enough PM would than have to wory about being robbed and killed. not something we want to live through.

Chaos? No. Panic? Yes. It would be a cultural apocalypse - for the better!

At the risk of sounding political, big government would have to watch their spending if we had competing currencies and sound/hard money. Gone would be the days of frivolous spending and our very habits and culture would change. Bye-bye MTV, mass advertising/propaganda, pornography, syndicated drug wars, Hollywood, etc. America would have the only casualties and of course those world-wide who follow their inane made-up culture. That means healtheir food, better medical treatments, smaller militaries world-wide....it would be paradise. We would have to contemplate our expenditures 50 times over to see if they're worth the risk. That means more research, more reading, higher IQs, and intelligent competition for big projects to see if the majority would actually benefit from it and not just large corporate interests. People would have productive and meaningful jobs/careers once again that don't just feed the propaganda war machine.

No offense if you took any. Society would benefit from a dollar collapse over the LONG-TERM. Okay, that's enough ranting for one day. Let's talk coins.

Libertad,

Not trying to be argumentative, but the utopia you imagine would be only incrementally more likely than the Road Warrior scenario, IMO, due to the size of the US military and the country's almost gleeful willingness to use it. And all those vices you mentioned would certainly live on in one form or another. They just wouldn't be denominated in dollars.

Funny you should mention that, Traevin. That is a Wall Street myth. I don't think that there were any recorded cases of people jumping from high-rise windows... even if Jim Cramer does have a "man out the window" sound that he plays from time to time. I'm pretty sure that there were any number of suicides that were related to the economic crash in the 1930s but the methods were not this spectacular.



That was the real purpose for having a gold standard. Gold and paper were 100% interchangeable back then, so the government could only issue as much paper as there was gold to back it. Also, if the government started spending too much money, citizens could exchange their paper for gold, deprive the government of their spendable resources, and curb government spending. When times were better, citizens could exchange their gold for paper. Either way, it was the choice of the citizens as to whether they would hold paper or gold. When government jumped in and took this choice away, things started going downhill until we arrived... here.

LOL. Hawk. You're cracking me up. And you're right. That movie is a classic!

I don't believe silver is merely a joke. If you follow the trend with all precious and non precious metals, you will find that all have increased in value over the last 10 years. Copper is higher than it was 10 years ago, so is zinc, manganese, lead, aluminum, just to name a few. If silver was so abundant and worthless wouldn't our coinage return to being made of it? I think many would agree with me that silver is undervalued and the potential is there for it to increase in value in the coming years.

I agree with much of what you say, Steve, but not all of it.

For instance:


Really? So, if I go out and legally buy a stock that then shoots up 1000% in 3 months and I sell it for a huge profit, that is not a gain in your book, while making the exact same gain in a different stock over a 10 year period would be a gain? Money is money, my friend, and HOW it is earned in the markets is FAR less important than the fact THAT it is earned. When this money is spent, should we look at the bills and wonder which of them were earned via investing and which by trading? No, not really.



No, the house does not always win. This is the "hook" in gambling. Over time, the house wins on averages but this does not mean that some individuals don't win big on rare occasions because they do. The odds do not favor this but it does happen. The lotteries have absolutely terrible odds, yet someone DOES win them from time to time.

I do agree that for most of us, wealth is built slowly over time. On very rare occasion, a few individuals out there will hit it big very quickly. Here again, it is possible but the odds against it are very high.

As to PMs, there are many reasons why people buy and sell them. Like a lot of the things that people do, personal reasons are usually involved. Others do it as a business and want to turn their stock over quickly. Most of us on here buy and hold for quite a while with an occasional trade or purchase. I have no interest in selling any of my silver because I did not buy it to resell on a routine basis or to make a quick profit. If someone else wants to do that and they can do it successfully, though, more power to them.