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<p>[QUOTE="Juan Blanco, post: 1585236, member: 41665"]I'm not anti-paper either, cloudsweeper99. (It's been my bread-&-butter for too long!) But in the duscussions I read, no one questioned the perpetual "inerrant" Paper Premise : SELL PMs, BUY MORE PAPER. Nary a word about that Paper Return, either. Hmmm.</p><p><br /></p><p>The Silver Wealth of this particular Church dates to around 1676, well over 300 years ago. So why - if the paper portfolio 'return' hasn't been looking to hot lately - is there a rush to sell the heirloom Wealth? (They sold off RE a few years ago; not sure this is the last 'real asset' either.) And the finances aren't dire, as every article says.</p><p><br /></p><p>Millions of American families have been doing the same, for obvious financial need. So YES this course fits the mania of the moment: "Cash4Gold, baby!!!!" But I wonder why people worship paper so. Paper? Paper almost always, inevitably, goes to zero. Do they have any clue? </p><p><br /></p><p>I found this posted on another local blog - it's probably applicable to the OCS too.</p><p><a href="http://www.tparkerchurch.org/about/our-history/silver-stories/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.tparkerchurch.org/about/our-history/silver-stories/" rel="nofollow">http://www.tparkerchurch.org/about/our-history/silver-stories/</a></p><p>>>Silver was the only reliable currency in colonial times. With multiple currencies in use, and with the continuing depreciation of the Massachusetts paper currency (and concomitant rise in the price of silver), silver was of great value. Silversmiths were the bankers for those fortunate enough to have silver coins. To keep the coins from being stolen, silversmiths melted them down, made household items from them (such as tankards, beakers, and spoons), stamped their own marks on the pieces, and often also stamped on the owner’s monogram or crest. This domestic silver was then often given to the church for use in church rituals.<<[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1585236, member: 41665"]I'm not anti-paper either, cloudsweeper99. (It's been my bread-&-butter for too long!) But in the duscussions I read, no one questioned the perpetual "inerrant" Paper Premise : SELL PMs, BUY MORE PAPER. Nary a word about that Paper Return, either. Hmmm. The Silver Wealth of this particular Church dates to around 1676, well over 300 years ago. So why - if the paper portfolio 'return' hasn't been looking to hot lately - is there a rush to sell the heirloom Wealth? (They sold off RE a few years ago; not sure this is the last 'real asset' either.) And the finances aren't dire, as every article says. Millions of American families have been doing the same, for obvious financial need. So YES this course fits the mania of the moment: "Cash4Gold, baby!!!!" But I wonder why people worship paper so. Paper? Paper almost always, inevitably, goes to zero. Do they have any clue? I found this posted on another local blog - it's probably applicable to the OCS too. [URL]http://www.tparkerchurch.org/about/our-history/silver-stories/[/URL] >>Silver was the only reliable currency in colonial times. With multiple currencies in use, and with the continuing depreciation of the Massachusetts paper currency (and concomitant rise in the price of silver), silver was of great value. Silversmiths were the bankers for those fortunate enough to have silver coins. To keep the coins from being stolen, silversmiths melted them down, made household items from them (such as tankards, beakers, and spoons), stamped their own marks on the pieces, and often also stamped on the owner’s monogram or crest. This domestic silver was then often given to the church for use in church rituals.<<[/QUOTE]
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