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 Replies: 743 / Views: 51,914 |
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Pillar of the Community
United States
863 Posts |
Also noone has disposible income because before the crash they were over spending and are now still paying off that flat screen tv and their daughters $10,000 sweet 16 party.
Priorities!
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Valued Member
United States
477 Posts |
this is what I was thinking, euro crashes, USD purchasing power increases, gold and silver down because dollar worth more, then might be a good time to buy
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Pillar of the Community
United States
863 Posts |
If your gonna stack do it continuously when it is at a price you can afford. otherwise you will miss the chance and the market will do opposite of what you thought it would
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Pillar of the Community
United States
4008 Posts |
Quote:
Hasn't ANYONE of these people ever heard of Henry Ford and his extremely profitable economic policies? Apparently not. Ford was a man of considerable talent. There are not a lot of guys like that running around these days. Those that are seem to be shackled by government policies that look good on paper but that do not work especially well in the real world. There is no free lunch. Every single rule, regulation, and law costs our economy money that, in many cases, it simply cannot afford to pay. Other countries are competing with us that do not have all these holding them back. If you are in a foot-race with others, you do not need to have a sandbag tied to one of your feet and people continuously adding more and more sand to the bag. At some point the runner realizes that this not only is not working but that it cannot work and gives up trying. We are at that point now, IMO. Unfortunately, we have created a whole class of individuals whose only purpose in life is to create this counter-productive drek. Prosperity follows FREEDOM. Poverty follows government. |
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Pillar of the Community
 United States
1454 Posts |
The Fed's decision to take no QE-type actions sent PMs tumbling today.
Every time I think we might finally be climbing out of the furrow, silver tumbles right back into it.
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Pillar of the Community
United States
2189 Posts |
I feel the Fed's will not do anything just before the election's in three months.It might make the current Administration look bad.I could be wrong but that's what I believe.
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Pillar of the Community
United States
593 Posts |
Henry Ford wasn't a politician. He was a businessman. Businessmen make lousy Presidents (Hoover, Carter, Bush, and heaven forbid, Romney). Businessmen create industries and jobs. (In that sense, Romney wasn't even a businessman. He didn't create jobs. He was venture capitalist. He created wealth for his investors, even if that means eliminating jobs. Even his "bailout" of the Salt Lake City Olympics was done with OUR tax dollars)!
Politicians pass laws to prevent businessmen from raping the people and the environment in the process. Our system of government works best when those two dynamics are in balance.
It is the dogmatic ideology of Grover Norquist, the Tea Party, and the Koch Brothers that is the biggest threat to our way of life. They are the McCarthy threat of today. That Tea Party nut job Michele Bachmann has already gone off the deep end!
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Pillar of the Community
United States
2189 Posts |
larsdog
Why the political bashing in a Precious metal forum.I never said I didn't like your current president,In fact I voted for him."Biggest mistake of my life".There I provided just as many facts as you did
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Pillar of the Community
United States
5855 Posts |
All right -- fair warning. I'm thinking of buying another 100-ounce bar of silver from Goldmart today now that they are up and running and the price of silver has dropped back down a bit. I fully expect the price to plummet dramatically right after I make the purchase, however, so anybody else thinking of buying anything today might want to wait a bit.
Being the canary in the coal mine is a tough job, but somebody's got to do it...
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Pillar of the Community
Canada
834 Posts |
Thanks Barry,
I'll be sure to make my purchase tomorrow morning lol
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Pillar of the Community
United States
5855 Posts |
Sure enough, I watched silver drop from $27.65 to $27.25 and then made my purchase as it started to head back up (I pulled the trigger at $27.33). And then, right after I made my purchase, it started dropping again...
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Valued Member
Canada
135 Posts |
I think businessmen make good Presidents, if in fact they are good businessmen.
Clinton is a good example. Too bad you guys have a 2 term limit, he was great for the economy. Ours too.
George Bush,(G'dubyaa) was not a businessman, sure he played the part, but he ran multiple oil companies into the ground before he was president.
Economies are in fact businesses so it helps to have a leader that can run a disciplined profitable business.
Anybody can spend money and cut funds.
I was shocked to see him voted in, twice no less.
Seriously, how could he not make money with oil in Texas.
I think it's a good time to buy silver. The demand over the past few years has leveled out somewhat, making it a good time to buy for the future. Hopefully it does not fall to far below $25 and then starts to make a steady climb.
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Pillar of the Community
United States
5855 Posts |
Still dropping. I predict it will drop below $27 in the very near future. One of these days I will learn that whenever there is a sharp drop and a subsequent rise, it will always drop significantly more soon thereafter. I just have to be patient and not panic when I see prices going back up. To wit:  Happens every time... |
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Pillar of the Community
United States
4008 Posts |
This thread needs a good flush...
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Pillar of the Community
United States
5832 Posts |
Right Ed!
I was thinking about when we start a new thread title: Silver above $30
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Replies: 743 / Views: 51,914 |
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Posted 07/28/2012 11:33 am
