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 Replies: 17 / Views: 2,689 |
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Pillar of the Community
United States
1454 Posts |
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Pillar of the Community
United States
3670 Posts |
The big UGLY stick is swingin for the fences in Europe eh, catching them all right up side the their heads. Who gets clubbed next with the ugly stick, Spain, Portugal, Italy, Finland an so on....
Take your hand and make the hot/not window an look through it at the USA beside the European nations an you will see it appears like a 10. But as you close the window in to just the USA excluding the European's, you will see a nice witch hook nose an a wart or two on the USA's mug revealing a low 3....
Hot, I don't think so my friends, not....
Sorry, that is one of my favorite scene from "Hallpass", the one guy replies in ah...."Your like a beautiful mind"
Edited by Silverhawk74
05/24/2012 12:37 pm
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Pillar of the Community
United States
3670 Posts |
I posted on that article by the way.....
"Imagine the guy singing as the crown is being placed on the winner's head...."There she is, Miss America! The best looking gal in an old fashion ugly contest!"
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Valued Member
Canada
178 Posts |
I'm still scratching my head  as to why there isn't a stampede into PMs. I guess sheeple are waiting for US elections and when the new President announces QE3 to bring the USD down. Then PMs will explode...at least that's my read today. |
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Pillar of the Community
United States
3670 Posts |
I agree CP, short of a late summer spike, I don't see PM's really making their big move back up until say post New Year....
But seeing as how whoever gets elected is not gonna have the know how or means to turn this tide immediately (Has Obama turned the tide in 3 1/2 years of plotting to get RE-elected?) no doubt the fundamental mess that is currently in place has a good chance of unraveling (as you said QE3) which one would think may be what sends PMz soaring again....
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Valued Member
Canada
178 Posts |
Even if there wasn't a US election coming, people are jumping into the green back as a safe haven (fiat as a safe haven  ). The USD is rising, not good for US recovery, there will be efforts to prevent this. For me being Canadian, even if PMs go sideways in a narrow band and the USD goes up, the value of my PMs go up in my home currency of Canadian dollars. Or if the printing presses are fired up, PMS will shoot up. If I was in one of the PIGS countries (Portugal, Ireland, Grease, or Spain) I would make sure my bank balance is zero, I would split every last penny I had on nonperishable food, living supplies, and PMs. But that's just me. |
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Pillar of the Community
United States
3294 Posts |
Easier to spend a greenback then a silver eagle. That is the main reason why PMs aren't just taking off.
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Pillar of the Community
United States
2120 Posts |
Quote:
Easier to spend a greenback then a silver eagle Funny you say that. I just had that constructive argument last night with a friend. He said he doesn't care about the price of silver or gold because its measured in 'worthless fiat dollars'. I agree with him on 9/10 points he makes, except the one. 'I don't care about the worth in fiat dollars'. I told him, "of course you do. "It's all a game that has to be played. If you buy precious metals to protect yourself, what do you buy them with? When you need to use your precious metals to buy a house, what must you first convert them to? Until the answer to both of those questions are no longer Fiat dollars/electronic credits, you need to care about the fiat dollar." Quote:
That is the main reason why PMs aren't just taking off. I thought that was because spot price is set by the paper market, and the paper market is heavily oversubscribed, implying product availability.  |
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Pillar of the Community
United States
3294 Posts |
Seriously, any one of us here would probably take silver in payment for X as long as it was enough, but 9 out of 10 people on the street, no such luck spending. We are kind of self selecting for :) about precious metals here.
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Pillar of the Community
 United States
1454 Posts |
I don't have a single friend in the non-virtual world who knows a thing about silver's real value. Spot price? What's that? If I show them an ASE, they'd assume it was worth a $1. Edited by traevin
05/24/2012 9:10 pm
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Pillar of the Community
United States
648 Posts |
I invest in US dollars. There's nothing wrong with them really. As long as it is a .999 silver $1 US we are cool.  Edited by tripncoins
05/24/2012 7:59 pm
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Valued Member
United States
162 Posts |
What an irresponsible article. It's title presents as fact what is merely speculation, to lure in readers. Yellow journalism at its worst.
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Pillar of the Community
Australia
4411 Posts |
 ziggy, very annoying |
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Bedrock of the Community
Australia
21788 Posts |
Saw a TV report which suggested that still about 70% of Greek people wish for their Country to remain within the Eurozone despite of the debt and austerity problems.
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Valued Member
Canada
178 Posts |
Quote:
Saw a TV report which suggested that still about 70% of Greek people wish for their Country to remain within the Eurozone despite of the debt and austerity problems. The report I watched this morning said 82% |
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Pillar of the Community
United States
3670 Posts |
So 3 out of 4 would rather stay in then get out. Makes me think as bad as things are for them all, it could get worse....
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Replies: 17 / Views: 2,689 |
Posted 05/24/2012 12:44 pm
