silver

gov't controlled currency tied to population

Any hard asset will do, but if the currency in circulation is based on true census numbers it can inflate/deflate based on immigration although the purchasing power will stay relatively stable.
 


why are "hard" assets so much better than soft assets? they gain and lose value just like "soft" assets, only they are more difficult to buy/sell. if the time ever comes that only "hard" assets are accepted as currency, isn't it obvious guns are more valuable than any other asset in that situation? it will never come to that, so have fun making trips back and forth to your coin dealer and fantasizing about the end of modern commerce.
 
i have a question for the fiat people

since gold cannot be quickly produced in large quantities relative to the amount that already exists in the world and which has been stored throughout history, that is to say that the new annual production percentage will never be significant relative to current world supplies, how then can significant manipulation occur? It seems to me that significant manipulation occurs when supply is rapidly altered, like when currency is printed without limit
 
Watch the documentary and you'll see excellent historical examples on how gold/silver supply manipulation can be used to harm a country that uses or is forced to use gold/silver standard currency.

In cases of Hyperinflation that I can remember (ie Germans post WWI) it was done as a final "Fuck You" to the world. The U.S. doesn't have that sort of contempt for the world and we actually care about our world credit. But yes anything is possible. We could print money like retards on purpose in such a way that would cause hyperinflation.. but we could also at any point reinstate a law that outlawed private gold ownership like we did in the great depression. Anything could happen :)
 
jenzkc said:
why are "hard" assets so much better than soft assets?
Click to expand...

either are better than no assets, or worse yet debt, which is exactly what the dollar is backed in during our current federal reserve enslavement.

fantasizing about the end of modern commerce.
Click to expand...

Sorry to go off topic ... it's more than that, it's a true revolution. This is the ENTIRE problem with my country.

It really makes me sick when Ron Paul is on stage during a debate and actually answers the questions asked. A simple yes/no will do followed by a 2 minute tirade about our monetary policy, the root of all of our other issues.

Speak the truth Ron, you know you want to!
 
What no comments from anyone yet about the drastic fall in silver prices this week? Silver took some major damage and fell back to March prices. There is no way it droped 12% in 11mins with out some major manipulation in the markets. That is unheard of for precious metals.

agmay11.gif


Spot Silver Drops 12% In 11 Minutes As Bulls Routed - WSJ.com
 
conv3rsion said:
i have a question for the fiat people
Click to expand...

lol'd because I thought it said "i have a question for the fat people"

BeerNuts said:
What no comments from anyone yet about the drastic fall in silver prices this week? Silver took some major damage and fell back to March prices. There is no way it droped 12% in 11mins with out some major manipulation in the markets. That is unheard of for precious metals.

agmay11.gif


Spot Silver Drops 12% In 11 Minutes As Bulls Routed - WSJ.com
Click to expand...

CME increased the margin requirements to buy silver contracts and Soros said he was moving out of silver, the 2 announcements didn't go over too well with traders.
 
Watch AGQ tomorrow and SLV.

Silver mining companies report earnings this week. The high (recent) cost of silver should yield good earnings, causing a temporary increase in both stocks prices.
 
I for one am thankful for the steep drop in silver prices.. I sell jewelry for a living and metal costs are killing us.. A steep drop in silver will help sales recover.. Some..

This week will be a fun one to watch silver..
 
if silver quickly gets back to where it was with these new margin requirements that would be pretty amazing
 
what is everyone's thoughts on buying it from goldsilver.com and storing it in one of their vaults?

wouldn't that be almost the same as trading paper commodities?
 
Berto said:
I just got a Berto Buy Signal (tm) on silver. Assuming things go well over the long weekend, I'm goin in on Tuesday.

Not balls deep, but maybe one ball deep.
Click to expand...

I never got in. Things just didn't "feel" right. Today that proved to be right. I think there's just more time to fall and the "recovery" was simply too quick.

I remain on the sidelines. No clue what to do now, and I'm willing to admit that. I'll just go build some more sites.
 
It's already up ~15% from it's bottom a few weeks ago. You won't hear more talk of a correction until it crosses 3 digits. Stay sidelined at your own risk

My favorite physical is the Mexican Libertad and NO it has nothing to do with my fetish for topless pegasus mermaids.

Libertad.jpg


... who am I kidding, of course it does.
 
I'm just curious, 2 months later and it's played a game of rollercoaster.

Of course for me, I'm doing pretty well , I developed a local business model that's allowed me to add silver to my portfolio over time @ $16 a ounce or so.
 
You must log in or register to reply here.
Top Bottom