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2011 GOLD high $1,500.00, SILVER high $24.00
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<p>[QUOTE="AlexN2coins2004, post: 1076333, member: 19049"]I don't know how that could happen...does he hope to go back to 1964? right now the amount of bills floating around right now is what 10x or 100x of what it were back then...also if they were able to suck up all those bills and cause deflation to the point of where the value of the dollar is back to where it was back then how do they cure the bigger problem? that being the people factor? how much was a candy bar back then? what $0.10? most people are used to paying $1 for it sure that could be great for the buyer but the seller is going to feel ripped off...also along with that how do we lower salaries without making people freak out? inflation is actually what people want...I mean in the subconscious we all expect to get more the longer we do a job...but if currency doesn't lose value we can't exactly keep giving out raises...</p><p><br /></p><p>so if we don't go back to 1964 but decide on say $31.10 equals an ounce of silver being 1 gram is a dollar eventuallly there will come a time that people will not be able to get raises in pay and I don't see that being a pretty day...I think we could back currency with pm's again but it's going to take more then just legislation...it's going to take a certain mindset that people in this country used to have but most have given up on for the "idea" of more is better...when really it's all about the same of less in the long run...[/QUOTE]</p><p><br /></p>
[QUOTE="AlexN2coins2004, post: 1076333, member: 19049"]I don't know how that could happen...does he hope to go back to 1964? right now the amount of bills floating around right now is what 10x or 100x of what it were back then...also if they were able to suck up all those bills and cause deflation to the point of where the value of the dollar is back to where it was back then how do they cure the bigger problem? that being the people factor? how much was a candy bar back then? what $0.10? most people are used to paying $1 for it sure that could be great for the buyer but the seller is going to feel ripped off...also along with that how do we lower salaries without making people freak out? inflation is actually what people want...I mean in the subconscious we all expect to get more the longer we do a job...but if currency doesn't lose value we can't exactly keep giving out raises... so if we don't go back to 1964 but decide on say $31.10 equals an ounce of silver being 1 gram is a dollar eventuallly there will come a time that people will not be able to get raises in pay and I don't see that being a pretty day...I think we could back currency with pm's again but it's going to take more then just legislation...it's going to take a certain mindset that people in this country used to have but most have given up on for the "idea" of more is better...when really it's all about the same of less in the long run...[/QUOTE]
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