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 Replies: 20 / Views: 2,978 |
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New Member
United States
37 Posts |
This is all hypothetical.
If silver were to rise 15% a year for the next 20 years on a yearly basis. If you were to start at the price it's at now at around $35.
Silver would grow to about $570 bucks an ounce.
Tons of variables there....
However it's fun to think about.
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Pillar of the Community
Canada
1502 Posts |
That would mean that the dollar would depreciate at 15% per year. That's not a comforting thought.
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New Member
 United States
37 Posts |
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Pillar of the Community
Australia
7096 Posts |
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That would mean that the dollar would depreciate at 15% per year. That's not a comforting thought.
If the Fed keep doing the QE BS then that is exactly what will happen  I do not use US currency but a fall in the US dollar directly affects Australia's exports as most are sold at US dollar prices and that directly affects our wages and job security. If the US dollar collapses then it will cause a worldwide trading/economic catastrophe. I think it is time for the US to live within its means instead of "Inventing money out of thin air". I always assumed that the elected politicians ran the USA, But apparently the "Bankers" do at the moment  . I think it is about time that the money lenders are thrown out of the temple  Edited by trout1105
09/16/2012 04:14 am
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New Member
United States
37 Posts |
Gold and Silver have gone up much more than 15% a year over the past decade and the dollar hasn't lost 15% a year.
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Pillar of the Community
United States
3294 Posts |
I had a stock in my portfolio go up 5.5% on Friday. If it does that every day for a year, I will have almost a billion dollars. Of course, if that happened, this company would be worth as much as the top 4 oil companies combined...
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Pillar of the Community
Canada
1502 Posts |
really depends on what part of history you choose to use for reference.
Silver was worth ~$5/oz in the 70s (or $5 USD was worth 1oz of silver) and now it's $30/oz. $5 bill in the 70s is worth about $30 nowadays. Nothing's changed.
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Bedrock of the Community
13014 Posts |
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I always assumed that the elected politicians ran the USA, But apparently the "Bankers" do at the moment. Its the politicians. Theyre supposed to be separate but they arent. Theres no coincidence that after sitting on a terrible economy for 4 years they now all of a sudden introduce QE 2 months before the election. Just enough time to pump up stocks, but not enough time to see how expensive everything is going to get. Its all just a plan to try and get reelected |
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Pillar of the Community
 United States
2448 Posts |
 Don't know if it's good or bad. Just received an offer to re-fi my mortgage for 2.75%. I think some are back to the principle of making hard debts and paying them off with soft money. Can you say..."Look out double bounce"! But the "Bernanke" has evaded it so far.  |
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Pillar of the Community
Canada
1723 Posts |
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If the Fed keep doing the QE BS then that is exactly what will happen IF? Didn't Bernanke say that this round of QE was open ended? Which means this crap is going to keep on going until the dollar itself collapses or a miracle happens. For pms this is great news, as for the rest of the country..... not good at all. Glad to be Canadian.... for now, as far as economics is concerned. Always proud just to be. Edited by samsnate
09/16/2012 4:23 pm
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Bedrock of the Community
United States
10038 Posts |
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I think it is time for the US to live within its means instead of "Inventing money out of thin air".
I always assumed that the elected politicians ran the USA, But apparently the "Bankers" do at the moment As a US citizen, I agree that we need to stop inventing money. I am not sure how much info someone outside our country can get about what is really happening here, and I know a lot of people here have become too lethargic to care. This is why we have had a takeover by "elected" officials who could care less about anything but their own personal agendas or (might be being paid to advance the ) agendas of the those who hate the free world. There has been much proof of illegalities in the system, but no one is doing anything about it. For example, why does an elected official need to spend over a million to hide his former records from the people who elected him? It is only when this type of corruption is ousted (if it ever can be) that we can get back to a healthy economy and get rid of the power wielded by those getting pay offs. Don't hold your breath. Expect those in power to keep making things worse and the US media to keep shouting from the mountaintops of how wonderful everything is. They are key players in how this mess started in the first place. How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2Edited by Earle42
09/16/2012 4:55 pm
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Pillar of the Community
United States
4008 Posts |
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I think it is time for the US to live within its means instead of "Inventing money out of thin air". LOTS of Americans have had that thought for some time now but it doesn't seem to do much good. The system has devolved into one wherein the special interests have bought their way into the political system in a big way and are influencing policy in their favor but not in the favor of our citizens. About the only way to remedy this is to throw out ALL of the politicians every chance we get. That way, the money spent on re-electing people would be lost and no influence bought with those dollars. After a while, the special interests would tire of throwing their money away and would quit doing this. If we could then pass laws against political contributions via all but individuals and limit that to $50 or so, maybe we could get out of this mess and stay out of it. I have read that lobbying the parliament in Japan is illegal. It should be in the US as well. |
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Pillar of the Community
Canada
1502 Posts |
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I have read that lobbying the parliament in Japan is illegal But ties between the Yakuza (Japanese mob) with the politicians is public knowledge. The world's going down the drain. I'm more and more realizing that spikes in silver and gold value isn't exactly a good thing. Something's got to give, and when Au and Ag move up, the world's usually getting close and closer to the S-(SHTF "S")-tters |
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Bedrock of the Community
Australia
21788 Posts |
Currently most of Australia's exports contracts are written in U.S. dollars.
If the U.S. dollar were to become significantly weaker relative to other currencies over an extended period of time, you could safely bet that future exports contracts will NOT be written in U.S. dollars.
When to write in other than U.S dollars is a matter of judgement for those doing the exporting, and will most probably will seek advice from the international banking community.
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Pillar of the Community
United States
1374 Posts |
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That would mean that the dollar would depreciate at 15% per year. That's not a comforting thought. The above statement is very spot on, under the assumption that silver (and gold) keeps pace with inflation. I notice quite a few inaccurate statements here in this thread. I urge those not familiar with inflation and long term investments to view my video here: http://www.youtube.com/watch?v=fMDYnncWJYQ***Disclaimer - Following statements are factual and informative, not political.*** trout1105 - The US is NOT the only central bank to do this. How many countries are not printing money, taking on debt? We are in a global economy; to peg monetary problems solely on the US is a fallacy... ie, unlimited, instantaneous electronic trades on the London exchange. Another form of globalized debt sharing would be Greece, where debt is being brokered from one country to another. http://www.londonstockexchange.com/...ulations.htmAnd many here are equating bankers with politicians. Duh, have we not forgotten the "supreme" court ruling on campaign funding? http://en.wikipedia.org/wiki/Citize...n_CommissionEdited by Drsandman2
09/17/2012 03:29 am
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Pillar of the Community
United States
3670 Posts |
Everything in this world is so FRAGILE eh, via what makes anything move either way and how close we all are to the SHTF situation as Pobox mentioned....
The odds of even being born are astronomical....
My mother was born in 1955 and her mother (my late grandmother) who while pregnant was very ill with then a considered terminal illness. So the doctors removed my mother early to attempt to save her mothers life (again my late grandmother) as my mother was given up for dead at 3 pounds 3 ounces and was given zero chance of survival....
The doctors told my late grandfather and all the family that both mom and daughter would not make it through the night, but they did....
My late GREAT grandmother Cordelia lead a prayer group for several nights that my mother would tell you is the only reason she made it....
They then said they would not make it through the next day, but yet they did, and so on....
My mom lost down to 2 pounds 3 ounces, but obviously she survived....
At the time she was the smallest and earliest born infant to survive in Tennessee up to that point....
My grandmother survived that as well and made it all the way to 82 when she past with alz back in 2005 while taking a nap on Thanksgiving afternoon....
Before my father was born my now late grandfather was in several motorcycle wrecks (over 50 he claimed and race car wrecks), including one with his brother on the back running 100 when they hit gravel on a railroad track and lost control. They had to get out the wire brush and remove the gravel on that one, serious road rash. And again amazing they both survived....
Makes me think I am blessed to have made it here....
Somethings are just meant to be and G @ S pushing through the roof leading up to the ol SHTF situation seems to be a when not if situation these days....
Edited by Silverhawk74
09/17/2012 03:39 am
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Replies: 20 / Views: 2,978 |
Posted 09/16/2012 04:03 am
