Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Next step silver - over $20.00
>
Reply to Thread
Message:
<p>[QUOTE="JoeSmith, post: 725028, member: 18021"]Wow, I just read this entire thread (except for the big kitco article). I have gold and silver, a substantial portion of my wealth. How high can it go? It can, and will, go to infinity. Which is to say, the dollar is doomed to become worthless. Not necessarily zero, but arbitrairly close to zero, to coin a math phrase. Why does anyone think this is good? You're like a person in a car speeding toward a building. You say wow, the building sure is getting big! But its not, its still the same building, it just looks bigger because you're rushing toward it. You'll eventually crash into it, and that won't make you happy.</p><p><br /></p><p>Then we have YAKPOO and AlexN2coins2004 arguing about have you made any money if you haven't "locked in the dollar value", as if "dollar value" is anyway to measure anything. If I told you the first time I drove to Dallas I spent $100 on gas, you'd have no idea how much gas I used, unless you knew WHEN I drove to Dallas the first time. On the other hand, if I told you the first time I drove to Dallas, I spent the value of 25 "junk" morgan silver dollars, you'd know I used about 100 gallons of gas, because a morgan silver dollar has been worth about the same as 4 gallons of gas, (or 10 cups of coffee, or 25 postage stamps, etc etc) for the past 50 years. </p><p><br /></p><p>So when silver gets to $100, don't get to excited. It will still get you 4 gallons of gas, or 10 cups of coffee, or 25 postage stamps.[/QUOTE]</p><p><br /></p>
[QUOTE="JoeSmith, post: 725028, member: 18021"]Wow, I just read this entire thread (except for the big kitco article). I have gold and silver, a substantial portion of my wealth. How high can it go? It can, and will, go to infinity. Which is to say, the dollar is doomed to become worthless. Not necessarily zero, but arbitrairly close to zero, to coin a math phrase. Why does anyone think this is good? You're like a person in a car speeding toward a building. You say wow, the building sure is getting big! But its not, its still the same building, it just looks bigger because you're rushing toward it. You'll eventually crash into it, and that won't make you happy. Then we have YAKPOO and AlexN2coins2004 arguing about have you made any money if you haven't "locked in the dollar value", as if "dollar value" is anyway to measure anything. If I told you the first time I drove to Dallas I spent $100 on gas, you'd have no idea how much gas I used, unless you knew WHEN I drove to Dallas the first time. On the other hand, if I told you the first time I drove to Dallas, I spent the value of 25 "junk" morgan silver dollars, you'd know I used about 100 gallons of gas, because a morgan silver dollar has been worth about the same as 4 gallons of gas, (or 10 cups of coffee, or 25 postage stamps, etc etc) for the past 50 years. So when silver gets to $100, don't get to excited. It will still get you 4 gallons of gas, or 10 cups of coffee, or 25 postage stamps.[/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
>
Next step silver - over $20.00
>
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...