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<p>[QUOTE=&quot;mnmvick, post: 1163297, member: 15626&quot;]I bought some silver earleir this year, but am holding back now.&nbsp; One thing that I have not seen commented on yet is that you all are wording it wrong: don&#039;t say &quot;Silver is $46.61 an ounce.&quot;&nbsp; Say &quot;Today it takes 46 dollars and 61 United States cents to buy an ounce of silver.&quot;&nbsp; In plain English, it isn&#039;t that the price of silver is going up, it is that the purchasing power of the dollar is dropping.&nbsp; And at an alarminc rate, I might add.&nbsp; This is why oil is going &quot;up.&quot;&nbsp; Since most oil is traded in dollars, the world demands more of them per barrel, so that they can buy the same amount of goods, is all.&nbsp; The real problem is: when you look at government currencies over the history of mankind, you see that once a country exits the gold standard, the currency survives between 50 and 75 years before collapsing.&nbsp; If the US does not get SERIOUS abouts its monetary policy soon (and we ought to get back on the gold standard, to be honest) then those of us with mercury dimes will be using them to buy meals because a dollar won&#039;t be accepted anymore.[/QUOTE]</p><p><br /></p>

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