Falling Silver prices

Ouch Ouch to the people who bought at 40.

 

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Suweeeet piece. I'm somewhat into exonumia too, like old original event elongates that also have a connection to commem coins. Weird enough?

 

Sitting in the PA Capitol waiting for a caucus meeting to start on the Saturday before Christmas. Edited: You know why, trying to get around the rules!

 

Sounds like fun... NOT

 

Do as we say not as we do.

 

... in stone, over the entranceway.

 

I picked up about 90 dollars worth of silver chains and charms the other day, I wanted one for my grandaughter who is enamored with grandmas jewelery, the others will be for gifts for female birthdays and other occasions, for like the next 3 years.

I got about thirty nice thick necklaces and a bunch of hearts and other geegaws.

 

Every one is entitled to an opinion and your entitled to yours. I don't see our economy being normal. I don't understand what you mean by old school underemployed dying off. We are in inflation now and it can only get worse. So long as the Fed prints dollars like monopoly money and our debt is so high, precious metals can only go up IMHO.

 

Old school unemployed means the Baby Boom generation that lost their jobs after the Crash of 2008 and since have been unable to obtain meaningful employment -- or any employment at all -- because of unbridled age discrimination.

 

That makes sense to me. T.Y.

 

The geniuses who run these things have fixed the inflation thing, they no longer count unecessary things like heat rent food or clothing, now i think they peg the cost of inflation to smart phones (jk)

Anyway it is more the velocity of the money supply that counts as real inflation and the fed has made sure to get the money in the hands of people who will just keep piling up zeroes at the end of their bank statements.

A few years ago some of that printed money was filtering down, but grocery prices seem to have come back a bit over the past year or so, and gas is cheap enough that if it were not for the climate delusion I would think about sinking some money into energy sector.

 

I agree, when our debt is approaching close to 20 Trillion Dollars and the current administration is spending money like it's a running faucet and has been the most costly administration in recent presidencies..... I can beg to differ....

 

Please stay away from political comments, especially those pertaining to candidates for upcoming presidential elections. Those will be removed.

 

We are currently not seeing inflation. Most economists would like to see a little bit of inflation, but we are not there yet. Our system works best with a moderate amount of inflation. The Fed MUST keep printing dollars as long as our economy is growing. Otherwise you wind up with deflation, Ugg. Will precious metals go up? Sure eventually, but they are not a bargain at these levels, and it might be some time before they start to rise.

 

Tell me about it. We're in anything but a normal climate right now...

All it could take is ONE more big isis terror event to reverse this flatline bounce and send pm's soaring.

 

Or not, did PM's soar after 9/11?????? Didn't even budge. Can you name ANY terror event that made PM's soar???? Nope, not a one. At this point in time there is very little that could make PM's soar. Even a financial crunch would not do much, as folks got burnt bad the last time PM's were bid up to unrealistic levels, so they will remember. This will put a lid on any irrational run up. Folks now understand that PM's will eventual return to fair valuations.

 

Nooooo. We must do the exact opposite, we cannot print anymore money as we don't have the money backing it, what money we have now is being spent wastefully or is putting us farther in debt to China.... no more printing money.

 

Well this is an area I know a little bit about. We can't stop printing money encase then we would go into deflation and that's really bad. Inflation is a natural byproduct of having an economy, if kept under control Iran not a bad thing. And it curennly well managed, I believe it's somewhere between 1-2% which is perfectly safe. We can't have a backed currency for a lot of reasons, Kurt wrote a great post about it somewhere. I can't comment on th rest of your post without entering the realm of politics.

 

Honestly, you do not understand how this works. Now the amount of money being printed, you can argue about that all day long, but that fact that you need to print money in a growing economy cannot be argued. Even when we were on the Gold standand, new money was coming into the sytem as more Gold was being mined. The money supply MUST expand as long as the economy is growing. If not you will wind up with deflation, and that will just kill everything. That was one of the huge problems with the Gold stardard, the ecomony wanted to grow, but couldn't because it needed to wait for more money to enter the system. That is also why we will never return to the gold stardard

 

Not so, they removed food and energy for the exact reasons they state, it is too volatile. When you look at these things long term, they follow the same inflation path as the numbers state, there are just more bumps along the way. Don't believe me???? You can prove it for yourself . Just select your own RANDOM basket of goods, a pound of apple, bananas, 12 oz can of corn, a pair of Levi's, whatever, and then use the powers of the Interent to compare prices from the 60's 70's etc. to now and it will be clear. Just don't cherry pick.