If you are dealing in scrap - the 1st thing you need to do is establish relationships with established, dependable, convenient, reputable buyers....
PMD (Post Mint Damage) could be better described as PMD (Post Minting Damage) or PSD (Post Strike Damage).
PMD actually means damage that was inflicted on a coin after the strike. This coin may have been damaged while at the mint but I am almost 100%...
So why is everyone concerned about what the price of gold will be sometime down the road? Price is a measure of value in relation to the pie....
From the OP. It is titled "J.P. Morgan is short more paper silver than physically exists in the world?"
Who's clients are they? I guess what I am asking is JP Morgan's 3.3 billion short their net position?
JP Morgan is short - so who is holding the longs?
Even with a PM standard you'll still have a central bank and you'll still have fractional reserve banking. The only money backed by the PM would...
Please explain to me the significance of the statement indicated in bold. Keep in mind the following also comes from The Federal Reserve...
Taken directly from the Federal Reserve Website. "There are several standard measures of the money supply, including the monetary base, M1, and...
This so called money that is created out of thin air is not created by the central bank and its creation does not change the base money supply. In...
This is not correct. A 10% reserve requirement allows a bank the ability to loan out up to 90% of its deposits but must maintain a minimum 10%...
Yes - educate us.
Following is just a small list of your statements from this thread “#171 - Maybe you guys simply don't realize that FRN is a nickname for all...
Well I am NOT the one who makes the claim that all the dollars held in deposit by banks are FRNs - that is you, fatima. Yet you contradict this...
I know what fractional reserve banking is But If all my dollars held in deposit by a bank are FRNs and all your dollars held in deposit by a bank...
Either all of my dollars held by my bank are FRNs (as you claim) or they are not. If all my dollars are FRNs then my bank must be holding a 100%...
You missed the point of my post. It's my fault. I am not a very good writer and in many cases fail to get my message across clearly. Let's take...
If all the dollars I have deposited in my Bank are FRNs as you suggest then what is the purpose and necessity of FDIC insurance on my account? And...
I am of the opinion - which I am sure is in the minority here that a collaspe of the US Financial system will actually increase the buying power...
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