If you don't Silver Stack you will be left behind

@desertgem Look here you, you want to see Edited! Language Boy wrote to me but if I say it back "don't try" Look here I will do what I want you Mod. I could less about this Forum if you decide to let someone write that to me but I can not back.

If it keeps happening then I will do the same thing back as it must be ok to write trash talk on here

 

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@Milkem2000, your a waste of space and air

 

Your Bullion is flat lining people its not going to go up and its not going to go down for years. To bad if you do not like it go be a sell out and get off the PM boards.

Fools think that PM's were going to make them a bunch of fast money to bad not going to happen for years. Deal with it.

 

Awesome rebuttal to my post.

 

I am ashamed of this 2 bit loser forum and the losers that run it.

 

Your a loser Milkem2000

 

I disagree, Gold is still selling several hundred dollars over Cost of production, Platinum is losing steam as it is being replaced by cheaper materials, and Silver is going to get hurt with the rising interest rates which will result in a stronger Greenback. I wouldn't touch all three of them at this time.

 

Well I guess the folks who sold all their bullion and opened up a brokerage account.....

 

???

 

Oops, made the correction

 

Regarding the first paragraph, there won't be enough money in the world to reverse the debt. That was kind of the point. Derivative leverage increases the amount of debt to assets in the world. The reasonable explanation of how this could affect the dollar was pretty much spelled out. The FED has to rase rates at some point. This will devalue the dollar. At the same time, if there is more trouble on Wall Street, they will have to print money until the ink runs dry. This will also devalue the dollar.

PMs are being held down by forces other than the equities markets.

 

I don't think rising interest rates will hurt silver, they will hurt the dollar, which is the reason why they have been flatlined since 2008.

 

Who says you have to do one or the other? JP Morgan's been stacking silver since 2011.

 

This is going to shock people, but I agree with about 90% of the Stockman piece. Two main quarrels.

1) He underestimates the world's appetite for more QE. I see far more tolerance, especially since the world clearly sees the alternative - massive increases in taxes for those who profit from a market collapse. I also see why for Stockman, he can't see that. He sees low marginal tax rates as a divine right of the well off. See the federal tax code during the Eisenhower administration. Top marginal tax rate? 90%, folks. 28-33-38-28 (status quo) is not etched in stone. Taxes can and WILL go up.

2) This one is the metals hawks' problem, and not Stockman's. What Stockman is describing is a deflationary out of control spiral. That will take silver AND gold down, waaaay down. How low COULD it go? Face value for each. A $20 St. Gardens CAN go to $20. Will it? Probably not. But that's the floor. Deflation makes money worth MORE - dollars. This is not the 1930's. Gold and silver are mere commodities, not money any more. Money is what the guys with the biggest guns and badges say it is, and nothing else is or ever will be again. Wampum anyone?

 

How awful for you, then, to be stuck here, forced to come back and post again and again and again.

 

I think you read it wrong. He wan't implying deflation, he was implying hyperinflation would occur. I told you before you keep ignoring GDP. Metals will never be face value because this isn't the 1800s. Whether you'd like to admit it or not, metals are intrinsically connected to fiat currency. They always will be as long as a central banking system exists.

Edit: What will be even scarier is when the RMB replaces the dollar as the standard.

Edit: I agree with your last sentence, but you are paradoxical at the same time. You're right, money is whatever "they" say it is. Metals come into their equation.

 

Absolutely incorrect Sean. Go back and re-read it. No hyperinflation was ever even hinted at. And metals and currency lost the last shred of their nexus in 1971. There is absolutely none left.

 

The only time you will see gold collapse is when the alchemists finally succeed. I've read they are getting close, but the cost to synthesize it costs multiples of the cost of gold.

 

I'm sorry but I strongly disagree. Just because it is no longer a fixed standard doesn't mean they aren't inexorably linked.

Hyperinflation is the exact situation he is referring to. With a slowdown in global GDP, coupled with QE across the globe, that is a textbook recipe for hyperinflation.

 

Well, I am not certain if I will see it or not, because I don't see a total Gold collapse in the foreseeable future (next 20 years or so), but I do believe it will someday fall out of favor and
collapse. The reason is simple, Gold has no real value. It has some industrial uses, but that is relatively minor. For the most part it is a useless yellow metal. The only reason it has value is because a quarom of folks AGREE it had value and it is in limited supply. It is very fiat like.
Fiat currency is limited in the respect there is only as much as the PTB print, and a quarom of folks agree on its value. It's the same thing

Sure, people use is for jewelry, idols, coins etc. etc., but Why???? There are certainly better materials for these things. Well, the reason they use Gold, is because Gold has value. It is actually the reverse of how most things work. Most materials have value because of its uses. Gold has uses because it has value. Soooooo... all that needs to change is people's perception. It may take a while, but I believe someday, folks will put the appropriate value on the useless yellow metal and the bottom will completely fall out. As far as the true industrial uses, the amount of Gold in vaults that is just sitting around collecting dust can meet that demand for a hundred years without the need to mine another Oz.