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 Replies: 38 / Views: 3,397 |
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Pillar of the Community
United States
3670 Posts |
Well I thought we were heading back down, but for now silver an gold are being very stubborn over 34 and 1770 eh....
Who knows again that start of the week dollar plus drop, may just be more fake fluff/mind games to shake loose the weak hands, esp in the paper market side of things....
If it keeps climbing an passes 36, I think 40 per oz. and 1850 are on there way next....
Edited by Silverhawk74
09/25/2012 10:49 am
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Pillar of the Community
United States
1812 Posts |
I hope to post the silver coins I had set aside for that $50 spot mark... I guess I should have mentioned that the coins are collectable, and not really junk, but that there comes a time when the spot values comes close to the numismatic value (as in the early 80's) [special thanks to the Hunt brothers], and if you were going to sell your silver for near numismatic value, that would be the time to sell...
(hope to have the post up by nights end)...
In the meantime, others may want to view what they have and post what silver spot would have to be for them to let go before silver drops...
I have a personal belief of how the PM Market will act by years end, but DO NOT want let my politics that guide this view...
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Pillar of the Community
United States
1812 Posts |
My last sentence should have read,
"I have a personal belief of how the PM Market will act by years end, but DO NOT want let my politics that guide this view be posted on any internet forum"
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Pillar of the Community
United States
4008 Posts |
Quote:
We saw a similar spike in the late 70s early 80s and sure enough it eventually went away. Yes, we did, BB. On the other hand, the price of PMs depends greatly upon the strength or weakness of the US dollar and it is HIGHLY unlikely that we will ever see the US dollar as strong as it was 30+ years ago. Government and Fed policy favors a weak dollar, as governments and central banks around the world engage in a mad race to the bottom in currency values. Apparently, they are unaware that Zimbabwe has already won that race.  |
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Bedrock of the Community
13014 Posts |
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Government and Fed policy favors a weak dollar, as governments and central banks around the world engage in a mad race to the bottom in currency values. Thats true, but thats nothing new. Its always been a balancing act as to not have to strong a dollar even in the best of times so it didnt kill our exports. Honestly I see a civil war happening before we end up with inflation that salaries dont keep up with. Japan has massive inflation and does alright, you just have to have salaries keep pace. But if history has taught us anything its that you can only have massive divides for so long and the current divide and conquer politics have put us on a path where no one wins in the end. All great societies have had civil wars about every 150-200 years and well you can do the math. Dont get me wrong were not on a solid path right now, but its recoverable. Most of the doomsday situations of debt being called in or world currency switching ect would hurt other countries just as much if not more than us so for the time being they arent a real threat unless someone like Kim Jong Il gets power in China |
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Pillar of the Community
United States
4008 Posts |
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Most of the doomsday situations of debt being called in or world currency switching ect would hurt other countries just as much if not more than us so for the time being they arent a real threat unless someone like Kim Jong Il gets power in China Yes, we do need to keep in mind that there are true zealots in this world who have a religious, social, or political agenda who do not care one bit about money or profit. Communists are a good example of this. If China could replace the US as the world's top dog, even at the cost of every dollar they own, they would pay the price with a BIG smile on their faces. If Iran could take over the entire Middle East, even at the cost of a devastating war, it is entirely possible that they would do so. We must be careful not to assume that our motives, whatever they might be, are the same as their motives. Not saying that anyone here is doing that but it is something to watch out for. |
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Bedrock of the Community
13014 Posts |
I agree with Iran if they could they would, but as of now they know it would just cost them their power they covet. China on the other hand does care about their economy. If they did anything that cost them their economy it would eliminate any chance of them being top dog. They are actually moving more towards capitalism than we are at the moment to increase their cash flow. Theyll do underhanded things and test us all day long but they wont risk their economy with their actions. Theyve learned from the USSR if they go down the toilet so does their power. Besides right now they see us downgrading our military while they build theirs up. In there mind they probably also know they can just wait it out and its only a matter of time before their military is bigger
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Pillar of the Community
United States
4008 Posts |
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I agree with Iran if they could they would, but as of now they know it would just cost them their power they covet. Having some nukes would give them the power to intimidate most of their neighbors and that is a fine goal in their eyes. Iran is an island floating on a sea of petroleum. They have as much need for nuclear-electric power as a fish does for a bicycle. Will be interesting to see how the next several months go on this. Quote:
China on the other hand does care about their economy. Do they? Or do they just see it as a means to an end? If that end can be achieved, even at significant cost to them, they might give it a shot and then hope to recover economically at their leisure. Three things that we know for sure about the Chinese is that they are: 1) the #1 gold producer in the world; #2) the #1 gold importer in the world; and 3) encouraging their people to invest in silver and gold. It's almost as if they realized that fiat currency and the economies based on them are either toast or soon will be. Quote:
Theyve learned from the USSR if they go down the toilet so does their power. Maybe and maybe not. Don't look now but while the USSR is toast, the Russians are back bigger and better than ever. They have a HUGE resource base and now that communism is not holding them back they are on a tear, economically and financially. A Russia-China cooperative economic organization would be incredibly powerful. I'm sure that they are both aware of this and working hard to exploit it. |
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Bedrock of the Community
13014 Posts |
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Or do they just see it as a means to an end? They do. You trash the economy and the people turn on you and they have a lot of them. Plus youd lose the army as well. The Generals wont stand by and do nothing while they watch their money become worth nothing and all of a sudden theyre expected to live like everyone else. Quote:
Having some nukes would give them the power to intimidate most of their neighbors and that is a fine goal in their eyes. Yep good thing so far theyve been incompetent. If it comes down to it Isreal will bomb the heck out of them if they think a bombs weeks away from completion. Pretty much no one but Iran wants to see Iran with nukes. You might be surprised by some of the countries in the region that would join in on attacks for their own good. Irans just crazy enough to use them. Quote:
Don't look now but while the USSR is toast, the Russians are back bigger and better than ever. I wouldnt say better than ever theyre still a shell of their former glory during the height of the USSR but theyre doing what they can to get it back. The thing about a Russian-China partnership is it never works when both partners want to be top dog. While neither are in love with us theyd more than likely rather see us as the top dog then see the other one of them. They know theyre both more brutal than we are. |
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Valued Member
United States
71 Posts |
How would you like to have $50 si as your first buy?
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Valued Member
United States
71 Posts |
How would you like to have $50 si as your first buy?
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Pillar of the Community
United States
4008 Posts |
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Plus youd lose the army as well. This is something that a dictator NEVER does as they all realize that the army is the only thing that keeps them in power. Even the idiots running North Korea make sure that their army is well equipped and fed, unlike the rest of the country outside the ruling class and their sycophants. Quote:
You might be surprised by some of the countries in the region that would join in on attacks for their own good. Irans just crazy enough to use them. Having watched and studied the problems in the ME for 40+ years, I can say that none of Iran's neighbors, with the possible exception of their lap-dogs in Syria and Lebanon, wants Iran to go nuclear. At the same time, none of them wants Iran to be mad at them... so they will very quietly root for the West in private while publicly supporting Iran verbally. For them to participate in an actual attack on Iran, with an uncertain outcome and them being seen on the same side as Israel, would be a combo than none of their governments would survive and they know it. Quote:
I wouldnt say better than ever theyre still a shell of their former glory during the height of the USSR but theyre doing what they can to get it back. A LOT of their former glory was bluff, bluster, and bull-oney. Their economy never was very good and it got steadily worse as time went on. Today, their economy is solidly built on oil, timber, gas, diamonds, titanium, chromium, gold, and other raw materials. Yes, they now have a smaller country but it is FAR better off economically than it was back in the USSR days. Their military is also smaller but of higher quality than before. All this is in relative terms, of course. Russia is NOT any place I want to live.  |
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Bedrock of the Community
13014 Posts |
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This is something that a dictator NEVER does as they all realize that the army is the only thing that keeps them in power. Exactly which is why they cant do anything that would put their economy in danger Quote:
For them to participate in an actual attack on Iran, with an uncertain outcome and them being seen on the same side as Israel, would be a combo than none of their governments would survive and they know it. They wouldnt have to be active participants, nor would be want them truthfully unless its an all out ground war wed much rather have us or the isrealis do it (much better trained). All theyd have to do is turn off a few radars for "repairs" at the right time Quote:
Their military is also smaller but of higher quality than before. The USSR military was HIGHLY trained, I would agree their equipment is probably better quality now though not being made by essentially slave labor where no one cared if it worked that well |
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Pillar of the Community
United States
4008 Posts |
Parts of the USSR military was highly trained. But they also had a LOT of troops in the cannon-fodder class. Their pilots had to rely on their "controllers" to think for them and in a jet-powered dog-fight there is no time for that.
I do not think that it is an accident that the Russians AND the Chinese are both hoarding gold, big-time. There is only one reason that makes sense to be doing this and that is if they see a time coming when there are gold-backed currencies again. Having gold is one thing but actually using it for gaining political and economic power is quite another. The next few years will, indeed, be "interesting times".
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Bedrock of the Community
United States
10044 Posts |
[quote/}The next few years will, indeed, be "interesting times".[/quote]
One thing to remember, and I want to state this as neutral as I can b/c it is simply a fact that can be looked up easily. Just make sure you find his own words and not buttered up versions.
Right now we have a commander in chief who hired the self-proclaimed , "active communist" Van Jones as one of his "czars." The communists while stashing gold for a possible gold based currency are also working hard to get at our power from the inside.
Yes Van Jones was removed from the position as czar, and as a communist (remember - self proclaimed), he never should have been allowed back into a government position. But he has been active in DC in other positions under this administration.
The communists are not time-sensative. They are willing to wait, stash gold for a better basis of an economy, and infiltrate. If Nov. goes the direction favorable to what it presently is, who knows how far that infiltration will be in a few years.
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Posted 09/26/2012 12:48 pm
