Pm's And The US Debt Ceiling - Page 4

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Author	Replies: 51 / Views: 4,775	Page: of 4

Piffin Valued Member United States 299 Posts	Posted 07/16/2011 6:22 pm Sorry to go back to the OP but.... IMO - and I am no ex spurt - if the US does no raise the debt ceiling, then the temporary fear and panic/pandemonium wil raise the price of PMs OTOH, If the US does raise the debt limit, the additional printed money will continue to do as it has, devaluing the dollar and raising the price of PMs. Whale oil beef hooked! We PM investors win either way Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 07/16/2011 6:33 pm Quote: Sorry to go back to the OP but.... Yeah, there's one of you yahoos in every crowd! lol Seriously, though... I agree that the future is looking bleak enough that no matter quite how it unfolds, owning some PMs will be a very good thing. I cannot see a scenario that occurs wherein PMs become worth significantly less than they are today. Yes, the price of PMs does fluctuate. It always has and likely always will. That aside, I would FAR rather own $50k worth of gold than $50k worth of FRNs. Put both in a bank SDB, wait 20 years, and see which one will buy a very comfortable life style and which will buy a few groceries. I think that we all know which one will do what! Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 09/19/2011 6:49 pm Quote: The government needs to quit chasing social security. That will be the #1 cause of government spending and it is entirely unsupportable as it currently stands. If they do keep it, they need to have some kind of cap on it so that you can not get more then a set % (and a smallish one at that) more then you paid into it. Under duress, my employer and I were forced to pay into an annuity that will provide a little money when I retire. Unlike with a real annuity, I can pay into it for 50 years, but get the same benefits as someone who only paid in for 10 years. Now, people want to cap my annuity or even eliminate it, voiding my policy. Sorta like paying to insure a million dollar house, only to be told that they checked my bank balance, and I can afford to replace it without them having to honor their contract. Or buying health insurance that covers me until I get sick. Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 09/20/2011 6:39 pm There ya go again, Fredd... operating under the assumption that the money that you worked hard for, saved, and invested is actually yours and not the government's to do with as IT sees fit. Report this Post to the Staff
junior e Pillar of the Community United States 931 Posts	Posted 09/20/2011 6:47 pm Fredd, let me know if you need any money. I'll sell some of my stuff to help you out if you have any trouble meeting your bills. I'll dump my silver since joe says that it's worthless. I'll sell my Buffaloes too since joe says that they're fake. Let me know. We could also throw a coin community benefit too. We're here to help. Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 09/21/2011 8:43 pm Quote: I'll dump my silver since joe says that it's worthless. Too late for that, Junior. One Joe Has Spoken, no one will buy your worthless silver. Report this Post to the Staff
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