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Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 11/26/2011  10:14 pm Show Profile   Bookmark this topic Add biggfredd to your friends list Get a Link to this Message Number of Subscribers
Pick yer expert:

I'm selling gold starting Dec 9:
http://www.stansberryresearch.com/p.../EGSAMB24/PR

Each time we've seen conditions set up the way they are now, gold prices surged and silver prices exploded.
http://www.topstockanalysts.com/ind...-and-silver/
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mitchhailey's Avatar
United States
1150 Posts
 Posted 11/27/2011  02:11 am  Show Profile   Bookmark this reply Add mitchhailey to your friends list Get a Link to this Reply
Well, lets see....

The first link was a sales pitch, so that dude can sell candy corn for all I care.

The second link reaffirms what we all should know by now; Buy gold and Silver!
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rjkingston's Avatar
United States
642 Posts
 Posted 11/27/2011  02:38 am  Show Profile   Bookmark this reply Add rjkingston to your friends list Get a Link to this Reply
Gold only goes up when the debt ceiling is raised....Generally It's not rocket science, but it doesn't have any sales gimmicks attached.
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DNA's Avatar
United States
2734 Posts
 Posted 11/27/2011  02:40 am  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
Does it even matter whether silver is $30/oz. or $150/oz.?
All those prices mean is how much paper you'll have to exchange to get it.

When my classic car was new, Premium gas cost 25 cents a gallon. Back then, all Quarters were 90% silver.

Today, I filled up my classic car. Premium, at $3.50 a gallon. But today a 90% Quarter is worth $5.60 in melt value.
So, in junk silver face value, my gas cost only 16 Cents a gallon!
Edited by DNA
11/27/2011 02:58 am
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 11/27/2011  05:56 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
This was a few years back, but I read that adjusting for inflation, virtually every commodity sells for less than 100 years ago. Some fairly significantly (30-50%).
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Ed_B's Avatar
United States
4008 Posts
 Posted 11/27/2011  7:39 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
This was a few years back, but I read that adjusting for inflation, virtually every commodity sells for less than 100 years ago. Some fairly significantly (30-50%).

Sure... when priced in REAL money and not in paper.

Thanks also to HUGE economies of scale and improvements in technology. A lot of the mines and oil wells that were of too low a production potential can now be profitably put back into commercial production. As the supply increases it puts downward pressure on prices. Demand fights back, of course, so it is a continuous tug-o-war between these economic forces.
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