The Silver Smart People Were Wrong

Unlike in years past, we now have many more citizens who understand the basics of economics. Someone telling us that we have lower inflation and unemployment than is well known to exist does not impress too many folks with his / her economic acumen. On top of that, telling us that printing trillions of extra dollars out of thin air with zero backing of any kind could not possibly cause commodity inflation, via a rapidly shrinking dollar, is not believed by the majority of US citizens. Unfortunately for Uncle Ben, that is THE definition of inflation, which is nothing more than the market's response to a bubble in the money supply... the old too few goods being chased by too much money in Econ 101. This means that we are either being lied to or we are being treated like imbeciles. Yes... the election of 2012 WILL be a genuine inflection point in American politics. Apparently, the election of 2010 was not sufficiently clear to those who remained in office. That WILL be remedied.

Or did they simply realize that they did not have enough political clout to make the changes most of us wanted? If the Dems were not in control of the US Senate, the recent debt debate would have been FAR different, I think. OK, so that was Round 1 in a 10 round fight. Round 2 should be very interesting.

Out with life long representatives, I have been saying limit their term of office to eight years for years but now think if it were eight years nothing would get done the first four years so make there maximum term of office to four years.

I am now a registered independent if everyone would register independent we would send a very loud message and then what would they do in the primary as no one could vote for any republican or democrat would be interesting and send a loud message.

I have to admit that the addiction with people shunning Joe (to whom I am not related to, or even remotely know) is disturbing at best and deducts from this forum quite a bit.

Despite our self-prescribed national emo and doomsday crisis and all the small time PM hunters, people do have the right to their own opinion and may choose to share it, even if it's not "popular".

I have to admit that I was sucked in by all the "investment" talk that is happening here, it seems as if hunting for silver coins or even storing tons of copper cents is part of the doomsday gang, which believes that we will be defending ourselves against each other with wooden sticks and stone axes sometime soon.

I for one would like to believe that the people of this "highly civilized" country will soon wake up to all the artificial hype about the next best way to make a free lunch - because there isn't one.

Those who keep our sinking ship afloat right now are not the investment brokers or speculators. It's the little schmucks, who can't afford to invest because most of their money is burned up from years of milkmaids politics, mixed with our holier than thou attitude against everything that is even remotely different from our "way of life in debt".

In fact, I'd almost advocate to stock up on debt, because just like the dollar, every dime in debt will be worth nothing, at some point.

BTW: A internet troll is commonly understood to be a person trying to invoke anger/ response by making off the wall or unsubstantiated statements. Given the fact that the small investors (everywhere, even here, where we supposedly deal with coins for collecting purposes) are commonly found with both their thumbs in their mouth, trying to second-guess what the markets may do, I'll still sleep well, knowing that the real winners are in the background, trading PM's and everything else in amounts never seen by common man.

They have so much of it, that a minor 10 dollars in fluctuation already makes them millions. Imagine you put 1 buck in a slot, play it up to 12.50, cash out and then keep repeating the game until you have the slot empty. The difference between slot and real world: You can't artificially control how much the slot spits out. The investment market can be played like a slot machine - and if enough people do it, it becomes predictable. I think the big boys are playing the slot machine right now.

As far as speculating is concerned: Sooner or later things will change, sooner or later we all die. History is bound to repeat itself because Homo Sapiens is essentially learning disabled. I have yet to see a person that jumped in their grave happy because they owned a large house or a bar of gold. Once you're dead, your Rolex is going on sale on ebay, too, it does not usually go into your grave with you and people won't remember you because you owned one or not.

When a supposed long term investment starts trading like a Chinese chocolate cookie it's time to buckle up. I see a gigantic shift in the works in terms of money changing pockets, but not much else. If gold in fact bubbles out and you loose it all, or the government seizes it or rigs the price, don't cry. If it pans out to cost 150.000/ ounce one day, don't brag, either...

Best investment advise ever: "Buy low, sell high". If you can't, it's just not your time to play. Next best advise ever: "If you have it, it can and will eventually be taken from you." If needed by force.

We've got some 80-90 years on this planet, and it's our choice to spend that time engulfed in endless greed, hunting what someone calls money, or not. Maybe Joe is trying to make people think?

Rant OFF.

Certainly Joe is entitled to his own opinion, but I think what rubbed many people the wrong way (including myself) was the tone of his posts. To me, it came across as trolling and flaming versus just merely sharing an opinion. Maybe his intent was to share an opinion and nothing else, however his tact was then very poor.

That would require for me to search for something that is not very important to me personally. I believe that the only way to be on a forum is to take different opinions in, process them and come up with one's own conclusion. I have not seen a single post from Joe. Early on I was mistaken (or was reminding someone) of Joe because I am not very impressed with the PM markets right now. There are always going to be people who violently disagree or call one an idiot for having a certain opinion. Our website logo says: Coin Community Family and the strength of this site is made up by the expertise, the friendliness, the ability to find information or being able to ask for help. If I find myself in violent disagreement with any one particular member, I am not going to jeopardize the purpose/ goal of this forum over it.




Kinda yes, kinda no. Again, I don't know Joe or anyone on this site, don't belong to any secret clubs, wasn't born with a golden spoon in my mouth, or a mine of Silver/ Gold in the basement. I didn't come here to show the world what a smart investor I am and how rich I am in gold. I won't tell where I store my goodies, how much I have/make or anticipate to make off some bargain deal or how much money is in my checking account, because the good chicks ain't impressed by that. Mine certainly isn't.

I am more impressed with the beauty of finding coins (while penny hunting, which by the way, to me is more fun than doing it for the copper investment) which have been in circulation for 97 years! Or having found a whole bunch of wheat pennies while straining my eyesight on trying to read the years.

What I've learned here about coins beats what I've learned over the last 7 years combined. The longer I am here, the more I realize how far from a cool collection I really am. I sincerely regret not having bought Kilo Bars of Silver when it was in the basement, but I am not going to panic and spend my last shirt on getting some now, while the prices are way up and the market is extremely violent.

There... hope this explains it in a nutshell. My post wasn't aimed at junior_e at all, I just don't get why a single persons statements are so important. For all I know, Joe might be sitting on a truckload of PM's.

Cheers,

cfib