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 Replies: 30 / Views: 3,396 |
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Pillar of the Community
United States
4846 Posts |
its now at $22.26 per oz!
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Valued Member
United States
122 Posts |
Hmmmmmmm............ is that considered a bad sign for the economy?
Good for coins though I guess.
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Valued Member
United States
364 Posts |
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Pillar of the Community
United States
5823 Posts |
Yes Michael_T, the USD just drop 61ยข. American dollar buying power has lowered again.
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Pillar of the Community
United States
757 Posts |
congratulations keynes, you've destroyed another economy.
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Pillar of the Community
 United States
2448 Posts |
For some reason, I don't believe Keynes had anything to do with it, it was how certain people applied their own principles to Keynesian Economics.
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Valued Member
United States
364 Posts |
$22.85 an ounce. Crazy. Almost a dollar up overnight...
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New Member
United States
29 Posts |
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Pillar of the Community
Canada
4944 Posts |
Gold shot up as well. Its up over $20 per oz. today alone.
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Pillar of the Community
 United States
4846 Posts |
silver is up a full dollar now and gold is up $25.60
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Pillar of the Community
United States
757 Posts |
yeah it'll drop again, but you can bet it's going to go up higher than it has been thus far within the next five years.
the IMF has considered us bankrupt--and, of course, we are when you factor in future obligations--and it's going to take quite an effort to turn things right.
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Pillar of the Community
United States
757 Posts |
Quote:
For some reason, I don't believe Keynes had anything to do with it, it was how certain people applied their own principles to Keynesian Economics. yeah, i'll accept that. of course using keynes responsibly requires more restraint than many have. you must accept that most of the western world operates on keynesian theories and they all have big problems now that aren't going to go away for some time. I'm more interested in mises. |
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Pillar of the Community
United States
2424 Posts |
well guys, historically, the end of the year trends upward... and as the USD gets weaker, you know the drill. my guess is that the 1st quarterof 2011, things will drop off.. and look to buy some metal feb/march. but you never know
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Pillar of the Community
United States
1409 Posts |
SD - my .02. The US markets are bloated and artificially high - I laughed watching the DOW approach 11k today. The economy simply doesn't support it. Its a shell game. I expect the Dow to drop back around 9k by Feb - if you see a dip in AG to 19-20 an oz or gold to 1200 an oz - you'd better back up the truck and load up.
Bad things are around the corner for the US economy unless some serious slashes to BS items in the budget are killed off ASAP. I just can't see that. Both parties are addicted to spending, special interests, etc.
Bullets, food, silver. Load up.
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Pillar of the Community
United States
757 Posts |
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Bullets, food, silver. Load up. my kinda guy. hey afcop are you an LEO? if so, I was wondering: do you think that the bulk of law enforcement has the same mindset as yourself? I'm assuming it is kind of based on region, etc. too |
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Valued Member
United States
198 Posts |
You should to be a dealer.I am getting in the most unreal pieces of silver you have ever seen. People are bringing in entire coin collections. They are bringing 100 oz to Kilo pieces of silver bullion. There family silver dinner sets that are Tiffany etc.. etc.... Some from the 1700 to 1800's.
The owner has had me stop selling stamps ,coins,paper money. I put up 3 Troy pounders last night. Woke up this morning....sold!
I have worked the last Saturday and Sunday all day at the store. I got into this business because of the researching and real treasure hunting. Now no fun just plain hard work. Selling most of the time the same thing just dressed up different. My scales are getting a workout that is for sure.
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Replies: 30 / Views: 3,396 |
Posted 10/05/2010 12:27 pm
