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 Replies: 51 / Views: 5,001 |
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Pillar of the Community
United States
3592 Posts |
Yeah, let's hope all coins become worthless so I can afford a set of everything  |
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Pillar of the Community
United States
3540 Posts |
I did buy the Hot Springs bullion ATB. Have missed so many of the once in a lifetime items from the mint, that I had to buy that one. Hopefully, the low mintage will keep the price up. Bought two ASE's at 45 each shipped last week. Other than that, did not buy....yet. Still looking at a Gettysburg & Glacier ATB....or just the Glacier. Will see what silver does tomorrow. |
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Rest in Peace
United States
9104 Posts |
One of our customers worked for the department of transportation. He got permission to take the silver contacts out of decommissioned traffic signal relays.
He'd spend his lunch hours with a hammer and chisel, knocking the contacts off the ends of the switches. IIRC, they were 80%, and roughly as big as two stacked quarters.
It wouldn't pay to have someone doing it on company time, but if he could get $5 worth a day, it made for a nice chunk of vacation or Christmas money.
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Rest in Peace
United States
9104 Posts |
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Why can't the national debts across all nations be cross cancelled? That's not how it works, mainly because we owe far more to other countries than they owe us. Take the simplest example, US savings bonds. You lend the gubmint $50 and get a bond that pays interest until it gives you $100 upon maturity. That $100 is part of the US debt, but has nothing to do with any other nations, it's money owed to citizens. Treasury bonds and notes can also be sold to citizens, with the same results. Recently, other gubmints, notably the Chinese, have been taking the USD we have been buying stuff from Toyautos to Mal-Wart trinkets with, and buying treasury notes and bonds, meaning they'll have USD plus interest instead of just USD. Since we have been a net buyer for decades, we don't have comparable bonds issued by China, so there's nothing to cross-cancel. |
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Valued Member
United States
314 Posts |
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now that investors have moved off of PMs to the next hot buying arena. 1)....Investors have not moved from Pms. Weak hands have. You saw a concerted effort to make people afraid of Precious metals instead of the junk Fiat dollar. Let's take George Soros announcing he was selling for example. Big(Smart) money does not announce what they are doing, unless there is an agenda behind it. It's well known he was a big contributor to this last fall. Don't think for a second he wasn't loaded up on shares of ZSL before he announced his big sell off, and profited on the sales, and profited more on the rise of ZSL as a result. These guys buy a little at a time as to not move the markets sharply up, then slaughter you when it's time. I would also wager his resulting profits are snatching up the cheaper physical silver as we speak. A perfect profit cycle from someone who has enough money to move the market in their favor. 2).... There is currently no next hot buying arena. It is a known fact, worldwide demand for actual silver and gold are very high, no matter what the money grubbing paper traders try to tell you it's worth. Major money moved the market. Panic Selling induces more panic selling. Buy the dips, I added 100 more ozs of the shiny this weekend. Red Light Special on Aisle 2!   |
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Pillar of the Community
United States
1150 Posts |
I am fascinated by those people who are sitting on the sidelines waiting for the silver 'bubble' to pop.
Eventually silver will drop in value relative to the currently worthless 'dollar.' However, until that time, those who are too scared to jump in are not gaining anything while they await that moment when they can cheer and finally be proven right, that the bubble has popped. And when will that be? One year from now? Fifty? How much wealth preservation or profit will you have missed out on? It is all about timing.
And as for me, I am not a speculator or an investor. I am merely protecting the product of my labor with a tangible asset.
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Pillar of the Community
 United States
642 Posts |
I do both mitchhailey. I put what I can in real assets, but wait for the crazy speculators to give me a better time to buy. Don't get me wrong, I think right now is a good time, last week was a good time, pretty much anytime is a good time to put your fake 'monopoly' money from the Fed into gold or silver. I just wait for a better time so my fake money buys me more real money when I head to the store.  |
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Pillar of the Community
United States
1150 Posts |
Oh...ok.
This is what happens when reading typed words...sometimes you can't really tell where someone is coming from. lol
I figured you were totally anti-silver. Not that there would be anything wrong if you were, that is anyones perogative.
I was talking to my coin dealer about this the other day. I don't understand how we've come to a place where we trade pieces of paper for real, hard goods and assets. His response to me was that "It works." I understand that too, I guess. But it only works until the government starts messing with with the money supply. And in this electronic age they don't even have to print the paper! Which is really what is going on right now...the only restriction on 'printing' our dollar is the US governments' computers CPUs ability to create limitless numbers in a given data system. That isn't very comforting!
I'll take gold and silver over any number in a computer any day.
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Pillar of the Community
United States
1348 Posts |
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Pillar of the Community
United States
4008 Posts |
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That's not how it works, mainly because we owe far more to other countries than they owe us. True... once one forgets all about that HUGE World War II debt that so many countries in Europe, including the Russians, owe the US but haven't and won't pay back.  |
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Rest in Peace
United States
9104 Posts |
I forget the date, around ten years ago, the US was the world's biggest creditor nation. Now it's the world's largest debtor nation.
At some point the US could simply refuse to redeem notes as they came due.
An interesting stopgap would be to say "_____________(insert name of country wanting to collect on treasury notes), you still owe us $xxx billion, which we've deducted from the notes you redeemed. Here's the difference."
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Pillar of the Community
United States
4008 Posts |
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An interesting stopgap would be to say "_____________(insert name of country wanting to collect on treasury notes), you still owe us $xxx billion, which we've deducted from the notes you redeemed. Here's the difference." Now there's an idea with which I can get on board! Unfortunately, our wuss politicians would never attempt to force an issue like that. Might make some of our "friends" unhappy with us or something.  |
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Rest in Peace
United States
9104 Posts |
Friends pay back their loans.
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Rest in Peace
United States
9104 Posts |
When looking at whether you should buy or sell, you must first decide your position in the market.
When I look at a bunch of coins and quote a price, the holder asks if I think they should sell. I ask their motivation. Do they have someone to pass them down to? Do they expect prices to risk significantly?
The individual/investor's position is completely different than the dealer/brokers. The former makes money from price changes, the latter from transaction turnover.
This is hard for some people to understand. "Dealer tells me to buy, but he's selling." Odds are prety good he's buying an equal amount, to replace what he sells, perhaps more for his own long-term hoard.
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Pillar of the Community
United States
4008 Posts |
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Friends pay back their loans. True. But "friends" do not. |
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Replies: 51 / Views: 5,001 |
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Posted 05/05/2011 9:54 pm
