Is It Time To GIVE UP On Silver???

Discussion in 'Bullion Investing' started by fretboard, Sep 19, 2021.

  1. -jeffB

    -jeffB Greshams LEO Supporter

    It looks like that provision isn't likely to make it into law, at least not this time around.

    Longer-term, I still think cash is doomed.
     
    imrich and Chris Winkler like this.
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  3. Mac McDonald

    Mac McDonald Well-Known Member

    This is actually the what and why of Roy Rogers' famous exclamation: "High-Low Silver...awaayyy...!"
     
  4. Chris Winkler

    Chris Winkler Well-Known Member

    i was able to buy some Constitutional silver coins on ebay for about the current spot price or slightly higher according to the amount of silver. 52x dimes, 50x silver nickels, 84x quarters for $500 with shipping vs buying 15x 2021 Eagles on JM, though 2007 would get me 13x, or 10x 1995, or 5x 1996! Talk about a premium!

    I'll hold them for a while as who knows what the hell is going to happen in the next few years with all the talk of gloom & doom. If we lose the abiity to go online or use credit cards, cash, especially older silver coins will be king...
     
  5. -jeffB

    -jeffB Greshams LEO Supporter

    If we lose the Internet and all the services it carries, it's not going to be King Silver, it's going to be Lord of the Flies.
     
    TheFinn and Chris Winkler like this.
  6. leAurenard

    leAurenard New Member

    Great post but, I believe you meant The Lone Ranger. ;-)
     
  7. chascat

    chascat Well-Known Member

    Keep it, forget about it for the near future.
     
    crazyd likes this.
  8. Mac McDonald

    Mac McDonald Well-Known Member

    Indeed...you are so right...boyhood idols of yesteryear are getting mixed in all the memories. Thanks.
     
  9. imrich

    imrich Supporter! Supporter

    The banks have been reporting large cash (i.e. 4 figure) withdrawals for years, and calling questioning the source of my cash deposits which is generally from my estate (i.e. liquidation of assets as bonds, 401K, etc.).

    This is just an excuse to hire relatively uneducated individuals in a job as a Walmart "door checker" who rides around the store in a handi-capped vehicle, just sits at the door with his computer, or goes out with a warrant and deputy to search your property for assets violations.

    I've had my deposits stolen from my account on multiple occasions, like a loaf of bread, a small slice at a time. I'm in court now with 3 different aliens who stole my identity. They probably will receive a token sentence, as others in the past, from which I receive an occasional small 2 figure court payment.

    The best defense is the acquisition of precious commodities, which is generally illegal in my state, needing to be kept out of state.

    There generally isn't any assets protection from criminals, as they make laws and release/import lawless individuals.

    I get constant demands on the internet to send crypto-currency or else something will happen. Get in line Guys. LOL

    Enjoy the freedoms you currently have!

    JMHO
     
    Last edited: Oct 9, 2021
    leAurenard likes this.
  10. slackaction1

    slackaction1 Supporter! Supporter

    Dang, that's quite a bit to swallow dealing with 3 thieves ,Cash is not KING, I ordered about 30.00 dollars worth of items at a ball game gave them a 20.00 and a 10.00 dollar bill. The total was 26.00. " We don't accept cash just a Debit or Credit cards. I don't have one on me.. He said they had no cash so he got to keep all 30.00 no change... Pissed me the HECK off. I know they were just College Kids but I still expressed my displeasure.. about putting a sign up NO CASH TRANSACTION....DEBIT ONLY... (would help) there were only three places in stadium that took cash.. My first episode with this cashless society. Its really hard for me to believe someone don't take cash, It use to be CASH over debit cards..
     
    Last edited: Oct 9, 2021
  11. masterswimmer

    masterswimmer Well-Known Member

    From your explanation it sure sounds like they accept cash. As long as it is exact cash, or you pay a premium for the 'privilege' of using cash.
     
  12. slackaction1

    slackaction1 Supporter! Supporter

    YOUR CORRECT !!
     
  13. manny9655

    manny9655 Well-Known Member

    Next time tell them to read the statement on the note, "This note is LEGAL TENDER FOR ALL DEBTS, public and private". Doesn't that mean they HAVE TO TAKE IT??? If they still say no, raise a stink about it and tell the team whose ballgame you went to that you will never ever go again. Make it viral. This nonsense has to stop.
     
    daniel a DiBiasio likes this.
  14. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

  15. losthomer

    losthomer Active Member

    That must be why a Chinese made Iphone cost $1200.If you include the gold, raw materials must cost upwards of $10.
     
    slackaction1 likes this.
  16. imrich

    imrich Supporter! Supporter

    Maybe you could also guess what the shipped cost of that phone might be, if a foreign company has so little cost in producing. Who is profiting most?
     
  17. FryDaddyJr

    FryDaddyJr Junior Member

    because the R&D is free, right?
     
    -jeffB likes this.
  18. slackaction1

    slackaction1 Supporter! Supporter

    If the Phone is at spot 10.00.. the premiums put on must be the Americans profit. The R&D is not an intangible asset
     
    Last edited: Oct 10, 2021
  19. chascat

    chascat Well-Known Member

    I held silver rounds for a couple decades when it was around $4.25/oz...couldn't wait to unload it for $5.00 in or around 2000...bought gold $20 for $500/ea and the market started to go higher within a couple years...I,m on the third uptick for silver and gold now and have no plans for selling as the markets are all flat from the pandemic. Not even a crystal ball matters now so I'll just sit tight and wait for a bit.
     
  20. imrich

    imrich Supporter! Supporter

    I thought you might find it interesting to learn the costs required to deliver an Iphone, where the basic cost of components is ~25% of delivered cost.

    The delivered cost is a function of many expensive variables, which are more controlled by others than the manufacturer. The production site has a complicated task of supplying a functioning facility with skilled employees, which seems to currently generally elude us.

    Lobbying, funding, R&D, manufacturing-regulation, programming, sales, scheduling and delivery generally require less skilled, allow greater net profits.

    JMHO
     
    Last edited: Oct 10, 2021
  21. FryDaddyJr

    FryDaddyJr Junior Member

    let's sell medicine for cost as well
     
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