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 Replies: 27 / Views: 3,185 |
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Rest in Peace
United States
9104 Posts |
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Pillar of the Community
United States
808 Posts |
Just saw this over on the K1tco gold discussion forums. Interesting read.
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Valued Member
United States
62 Posts |
Interesting article thanks for sharing! Looks like I'm out to buy some more silver  |
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Pillar of the Community
United States
2734 Posts |
My late grandfather always said silver was going to skyrocket someday.
And he meant beyond the Hunt Brothers 1980 peak, adjusted for inflation.
That's above $150 (in current dollars) an ounce, in real terms.
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Pillar of the Community
Canada
1723 Posts |
I enjoyed a nice light, laymans terms kinda read.
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Pillar of the Community
United States
619 Posts |
Silver is a must for the long run, even if you aren't a coin collector. My parents and grandparents were relatively poor and couldn't collect much, but they stacked silver whenever they came across it. They just found it in change; they never roll hunted like I do. My mom still keeps silver whenever she finds it.
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Pillar of the Community
United States
1432 Posts |
Quote:
A paper dollar from 1960 is worth exactly the same as a paper dollar in 2010, but four quarters from 1960 are worth more than $21. Given the fiscal insanity of the US government, I can't imagine the US dollar surviving another 50 years, but I'm quite sure that silver will still be useful. Please consider getting some. Fredd . . that last paragraph sums it all up.  |
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Valued Member
United States
410 Posts |
My reply to the last question: What is silver worth? Whatever someone will pay for it.
What is it that all my investments say? "Past performance is not a guarantee of future results."
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Pillar of the Community
United States
511 Posts |
Thanks for the informative article on silver.
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Pillar of the Community
United States
4008 Posts |
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"Lesson: When someone says you can exchange paper for precious metals -- make the swap before they change the rules." This seemed to me to be one of the high-points in this article. Unlike a lot of the youngsters on this web site, I remember when ALL US currency was in Silver Certificate form and not one of them had "Federal Reserve Note" printed on them. Yes, there were also gold certificates too but I never saw or used any of those worthy notes. In those days, we could take bills to any bank and swap them for 90% silver coins and vice versa. They were exactly equivalent. Now THAT is money that is backed by a real asset and not the completely unbacked FRNs of today. Almost makes me wonder what the next step down in our mad race to the financial bottom will look like.   |
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Pillar of the Community
Canada
862 Posts |
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Almost makes me wonder what the next step down in our mad race to the financial bottom will look like. completely paper free by scanning your finger print, or maybe one step further, implant a chip into body which can be used anywhere from door access to purchasing food... |
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Valued Member
United States
487 Posts |
Biggfredd,
Thanks for posting that link. I need to read something like that from time to time. Only to remind me that in the world of precious metals. Silver is coming out of golds shadows. And I for one feel it is about time.
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Pillar of the Community
United States
4008 Posts |
Quote:
completely paper free by scanning your finger print, or maybe one step further, implant a chip into body which can be used anywhere from door access to purchasing food... SO, let me see if I have this right. We can't trust these people not to inflate our money into complete drek but we can trust them not to diddle with those ones and zeros? Seems as if that scenario is ripe for the plucking. If they ever go that way, it will very likely be fiat's last gasp before it collapses. Sorry, but I'm not interested in throwing away all that I have worked for and saved.  |
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Rest in Peace
 United States
9104 Posts |
It's like TIPS, yielding -0.65% plus inflation. Brought to you by the same gubmint that we know is deliberately keeping the inflation index low, so they don't have to pay more SS.
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Pillar of the Community
United States
4008 Posts |
It's even better than that, Fredd. By keeping interest rates at 0.25%, they are ONLY running a trillion plus dollar annual deficit. Imagine what that would be if interest rates were at a historical norm of, oh, say 4-5%. At a rate of 5%, the interest paid on the national debt would increase by a factor of 20 times! IMHO, that would immediately collapse the government, the dollar, and the economy. I would miss the economy.
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Rest in Peace
United States
9104 Posts |
Kinda got themselves painted into a corner.
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Replies: 27 / Views: 3,185 |
Posted 03/11/2012 10:11 pm
