May 1st is the day to buy silver!

3 dollars would buy 6 rolls of Lincolns.:thumb:

 

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$3 if you buy 100 ounces would be $300. If you don't need the money I can PM you my address.

 

Kentucky liked 408.......nope 409 times.:welcome:

 

I've wondered what pawn shop prices are, I should try that


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Bullion isn't real money. You still depend on those so-called debt ridden dollars to make any investment in bullion work. Last I looked, you couldn't pay your mortgage, buy has or pay the Tax man with silver. There is no difference in holding silver in reserve or holding cash in reserve, as inflation/deflation will effect both the same.

 

I don't think you could make a statement that was more false than that.

If you put a $100,000 into a bank account back in 1999, you'd probably have like $120,000 with how interest rates have been, maybe 150,000.
If you put a $100,000 into silver back in 1999, you'd have about $500,000-$600,000.

And yes I do realize you can lose money on silver too, but saying there is no difference is blatantly false.

 

Bullion can't be used as money unless it's an ASE or any US Mint issued product in certain states. I think Utah is one of them.

 

Of course bullion can be used as money, if both parties agree to the transaction. Obviously it doesn't happen often since most people don't even know how much gold/silver are worth, but it can.

 

Lies.

What an absurd, fallacious, and downright insulting argument.

 

I'll take a large shake, a Big Mac and some fries........you got change for a ounce of silver?:scratch:

 

Sure, would 90% dimes and pennies work for you? Maybe a couple war nickels?

 

Well, seeing how the tax man is part of the government, I think he'd the the last person to accept PM as payment.

 

As usual in this area, no evidence to prove me wrong. I guess the fact that everyone here are bullion investing millionaires should be proof I'm wrong, but I think that would be the real lie here.
Guy

 

You can't be serious, you really can't :scratch:

I already proved you wrong by demonstrating how much differently a persons net worth would of been over the last 14 years holding silver vs dollars.

 

There is money we spend and money that we keep. Bullion and "junk silver" to us is the latter. I believe in spending the monopoly money and if the government wants taxes paid in it, then great. It's like my change. I keep all nickels and pre-82 pennies and spend the rest. Keep the real money.

 

Just a minute, let me get my tin snips.

 

412...:goofer:

 

OK, I'll try.

Here are your words:

If your assertion were true, then I could buy $1000 worth of silver (41 ounces at current prices) and at the same time place $1000 in a savings account earning 2% interest. Let's assume that silver doesn't do so well and it falls to $10 an ounce a year from now. So we withdraw our $1020 from the bank and we sell our silver for $410. It doesn't matter what inflation did during that year, $1020 is different than $410.

The same thing would be true if silver had a good year. Let's say the value of silver climbed back up to $30. When we sell our 41 ounces, we'd have about $1230. Once again, it doesn't matter what inflation does, $1230 is different than $1020.

The ONLY time it would work out as you assume is if the change in the value of silver is exactly the same as the effect interest and inflation had on the dollars during that period of time. For any pair of data points you can show me where this happened, I can show you an infinite number of points where they did not.

Note: I assumed we could buy and sell at spot and that was just for the sake of simplicity. Of course there is usually a spread and sometimes shipping fees involved. It would make the difference larger when silver loses value and smaller when it gains value. Otherwise, the concept is still the same.

 

Wait until QE 3 or 4 or whatever we're up to. Then the price will go up on silver, and everything else.

 

Provident Metals shipping is $8.95. They have great prices on rounds right now, but most of their good stuff is sold out.