Are we going to see sub $20 silver again this year?

Uhhh, no, not even close to being correct in any regards. The Dow Jones has outperformed gold many times over. Heck, milk has outperformed gold the past 15 years. Goldbugs need to wake up.

 

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What?

 

How can that be? I think gold was around $250 an ounce back in 1998.

 

It appears he's severely mathematically challenged.

 

The dollar has lost over 98% of its value since the inception of the Fed in 1913.

Probably hasn't lost quite 50% since 2009, but probably not too far off either. Please don't start with the crooked govt inflation numbers that don't include major costs like fuel.

 

that is where you lose me.... the dollar has gained value not lost it. Computing power per thousand dollars (the only serious valuation) is through the roof.

 

Well if the dollar has gone up per computing power per thousand dollars, then I guess over the last 100 years, gold has gone up 7,000% more than the dollar in relation to the same thing (computing power).

And why on the earth would computer power be the only serious valuation? Can you live on computing power alone?

Would it matter how much computing power you could afford with a thousand dollars if you couldn't afford water?

 

OK, We have heard this so many times it is like the mantra of the silver stackers. yet, I don't think you even know what you are saying.

Now I am not saying it is not true, because it is at least close, but in your own words please tell me why you think this is a bad thing. No stuff, like it should be obvious, just an explanation of why this is bad. I do not think you can make a valid argument to support your point.

 

Why are you getting so political? You know the mods will shut you down as soon as they see it.

 

One more and the thread will be closed for political comments.

 

It is a real thing- our tools (which facilitate all other activity) are cheaper. Look at the advances in logistics for example. In fact we do live on computing power alone- you hit the nail on the head (we are a tool using species).

 

How much has the REAL dollar, (us bonds), lost in purchasing power? From my calculations it has grown quite a bit. Or would you argue sticking $100 bills under your mattress is the best investment decision. Actually, if you wish to get technical, if someone did stick bills under their mattress, shouldn't you count price appreciation of them? How much are uncirculated 1913 bills worth?

 

How much is gold worth if you need water or food? Why are you arguing how computing power is a worthless metric for survival when gold is equally as worthless?

My point being gold is a nice hedge, but both it and computing power are not assets to own in an apocalypse. I would own farmland with a good well and guns for a mad max kind of thing. Those and some good botany books.

 

you are incorrect- I promise you that your local water agency rely on computing and sans computing power no water would be delivered (same for food). Computing power is the metric, all other considerations are secondary (by far)

 

If everything else fails sir, I can go to my farm, grow crops, pump water, and survive. Believe it or not but I can actually survive fine without electricity at all, let alone "computing power". That was my point, in the end as animals we need food and water first and foremost, something computers cannot give us innately, and neither can gold.

 

How is a person talking about why inflation is bad political?

 

Silver has had a nice pullback from 25.20 to around 21.50 now, I'd suggest buying some generics and adding to your stacks.

Provident has two versions of 10 oz silver bars for .79 over spot any quantity, they also have 4.95 shipping on any order for the rest of September.
http://www.providentmetals.com/bullion/silver/private-slv/10-ozt-999-fine-silver-bar.html

 

Talking about inflation as such is not bad, but when one starts trying to propose reasons for possible inflation such as possible Government actions affecting it, it is political. I did leave up your post #45 with the " Please don't start with the crooked govt inflation numbers" and please don't tell me you can't tell that statement is political. There are other forums for that.

 

this is why I stopped posting on this site, turned into a buncha children arguing

 

I have to disagree. I believe as long as everyone is civil, I welcome anyone wishing to relay their perspective. Of course, maybe you consider me one of the "children".