Price of PM's

The UK has vetoed this agreement and this plan is dead. Cameron had no choice. If he had agreed to the power grab by Germany & France, he would have been faced with the collapse of his government when he returned.

Leading up to this, there was an accusation leveled at the Federal Reserve, Bank of England and the Bank of International Settlements that these organizations were selling off gold in an attempt to knock it down.

 

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To the Op, I would suggest reading some beginner economics books and then read opinions here. Most are one sided, or are handling large issues too simplistically. I am not criticizing anyone, as the assumption is that a baseline of general economics is assumed, and everyone else here are disagreeing on the margins. However, if you do not understand the entire picture, just listening to these discussions will present a distorted view. An analogy would be two farmers arguing over different seed corn. If you didn't know anything else, you would think they do not agree on anything, when in fact they run their farms 99% identically, but that 1% they will argue all day long about.

We do that here. Most of us agree on 99%, but that last 1% we can be vehement about.

Its also a warning to everyone who sits here arguing the 1%. We think that the 99% that we agree about, since we all agree, are accepted as fact, when in fact there are very large percentages of the population who disagree with most of what we accept as "normal". This is dangerous since we are subject to groupthink, just like any other group. I am just saying that before deciding your investment direction, I am hoping everyone reads lots of other sources before deciding on where to spend their money, that's all.

Just my opinion.

Chris

 

"We think?" 1%? I'd say that you should stick to speaking for yourself as that is the only person here that you are qualified to cast judgments on. Yes you are entitled to your opinion. IMO, Red herrings and logical fallacies are not the hallmarks of good advice.

 

I was with you until the last paragraph. It sounds like you're saying that since the half dollar contained about 1/5 oz of silver, that means silver was worth $2.50. By that same reasoning, since today's quarter contains 5.67g of CuNi, CuNi (91.7% Cu, 8.3% Ni) is worth $20/lb. That's actually high by a factor of 5.

 

For some people these forums seem to be a game of one ups manship. I've noticed some people converse in a very distinguished manner without ever really saying anything. What they are really trying to say is "I'm offended by any opposition to my narrow minded view, and I'm going to find some way to pick apart your statement." If we could just engage in a discussion based on agreements vs. disagreements in a tactful manner while not getting personal, I believe we could greatly expand our knowledge in bullion investing. Somtimes I get this mental image in my head of a gentlemen behind the computer straightening his tie, spell checking word before he makes a post, and walking around in a house full of mirrors.

 

as a newbie here, and in the investment world in general, I have to say that I have found this forum a lot more kind hearted then others. I would dare not make a post on kitco for example as those guys, while very smart are visious towards each other!!

I have found comments (most notably) by JCB, Metoraman, Fatima, and cloudsweeper to be consistantly helpful and I'm greatful to you all!! It is healthy and helpful for there to be a devils advocate in any conversation!

 

You reminded me that I made a math error. It should have been $1.25 which for the 1/2 dollar method, the silver was worth less than the market value of silver. So looks as if 5 gallons would have been it.

 

Thanks model. I just have a lot of questions. I know nothing. These guys have all of the answers. Take my name out, and add Inflexion on that list. =()

 

I appreciate the shoutout JCB but I am not a professional like some of the gurus around here. I am an info sponge and so I try to defer to my sources as much as possible because my firsthand knowledge based on personal experience in this regard is rather limited. I think the group we have here does a great job at analyzing things from all angles so people can make informed decisions. The more points of view the better.