Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Is anyone buying silver at $44.56
>
Reply to Thread
Message:
<p>[QUOTE="fatima, post: 1178520, member: 22143"]Of course I did. Vietnam was costing a fortune, the gubment was creating fiat money like it was air, and real lawful money, was becoming valuable in comparison. It's the reason that Nixon, 3 years later, could no longer afford to redeem gold for the dollars that foreign governments held. This was the second time the USA reneged on it's obligations relative to the confetti it was printing.</p><p><br /></p><p>Remember you are comparing fiat money to lawful money. </p><p><br /></p><p>After that, fiat was king, the USA ran up 98% of all the debt that it has created in the 40 years hence and we are on the quick road now to its collapse. When that happens, it will be a return to physical PMs as currency. It's been repeated many times in history. Current generations think it no longer applies to them but the stats say otherwise.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1178520, member: 22143"]Of course I did. Vietnam was costing a fortune, the gubment was creating fiat money like it was air, and real lawful money, was becoming valuable in comparison. It's the reason that Nixon, 3 years later, could no longer afford to redeem gold for the dollars that foreign governments held. This was the second time the USA reneged on it's obligations relative to the confetti it was printing. Remember you are comparing fiat money to lawful money. After that, fiat was king, the USA ran up 98% of all the debt that it has created in the 40 years hence and we are on the quick road now to its collapse. When that happens, it will be a return to physical PMs as currency. It's been repeated many times in history. Current generations think it no longer applies to them but the stats say otherwise.[/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
>
Is anyone buying silver at $44.56
>
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...