Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
How far will gold and silver fall?
>
Reply to Thread
Message:
<p>[QUOTE="Vess1, post: 1249779, member: 13650"]Cloud, I think you're making some good arguments and I'm trying to comprehend your viewpoint the best I can. But you keep addressing big business and not what happens to the "little guy" over time. So you're saying interest which helps drive inflation really is not a problem over time? I don't see how anybody can come to this conclusion. Assuming the US makes it another 100 years, our currency system will look like Zimbabwe. Maybe in 50 years. If wages for the little guy can keep up (which they are not and I don't believe they can) than no, it wouldn't be as big of a deal to have $6 gasoline. Or $10 milk. Or 10x that.</p><p><br /></p><p> What happens when a huge segment of society still doesn't have jobs and the people who are working aren't seeing a nickel's increase in pay over 4 or 5 years? Because that's what's happening. This is a totally different aspect that everyone fails to address here. This is the every day aspect that affects us all and is actually more important to discuss.</p><p><br /></p><p> I think at minimum, we can all agree the moral of this story is you don't want to let a $100 bill sit too long. Which regardless of the side you want to take, proves fatima's point.</p><p><br /></p><p> One possible solution that probably seems outrageous since the current system is so ingrained in everyone, is the possibility of NO INTEREST. I know the idea seems wild, would require a lot of changes, and brings up many questions of feasibility but it would allow a system to work without breaking it if it somehow could be implemented.</p><p><br /></p><p> Getting back to the original question here, I think it will be very difficult for silver or gold to fall. If it does, it will be difficult to buy at the new levels for quite a while. I think all these dealers love raking in the cash as they sell old stock that was bought cheap. </p><p><br /></p><p> But if they're sitting on piles of silver that they just paid $40 an oz for and it drops to $17 tomorrow, when do you think they'll actually have it for sale, marked down to $17 again? I think they're all going to hold a LOOONG time before everybody would dump at those levels again.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 1249779, member: 13650"]Cloud, I think you're making some good arguments and I'm trying to comprehend your viewpoint the best I can. But you keep addressing big business and not what happens to the "little guy" over time. So you're saying interest which helps drive inflation really is not a problem over time? I don't see how anybody can come to this conclusion. Assuming the US makes it another 100 years, our currency system will look like Zimbabwe. Maybe in 50 years. If wages for the little guy can keep up (which they are not and I don't believe they can) than no, it wouldn't be as big of a deal to have $6 gasoline. Or $10 milk. Or 10x that. What happens when a huge segment of society still doesn't have jobs and the people who are working aren't seeing a nickel's increase in pay over 4 or 5 years? Because that's what's happening. This is a totally different aspect that everyone fails to address here. This is the every day aspect that affects us all and is actually more important to discuss. I think at minimum, we can all agree the moral of this story is you don't want to let a $100 bill sit too long. Which regardless of the side you want to take, proves fatima's point. One possible solution that probably seems outrageous since the current system is so ingrained in everyone, is the possibility of NO INTEREST. I know the idea seems wild, would require a lot of changes, and brings up many questions of feasibility but it would allow a system to work without breaking it if it somehow could be implemented. Getting back to the original question here, I think it will be very difficult for silver or gold to fall. If it does, it will be difficult to buy at the new levels for quite a while. I think all these dealers love raking in the cash as they sell old stock that was bought cheap. But if they're sitting on piles of silver that they just paid $40 an oz for and it drops to $17 tomorrow, when do you think they'll actually have it for sale, marked down to $17 again? I think they're all going to hold a LOOONG time before everybody would dump at those levels again.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
How far will gold and silver fall?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...