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<p>[QUOTE="JoeSmith, post: 725296, member: 18021"]Ok, here's why you're wrong. When I was working in high school (1964), I could "buy" a mercury dime for 10 cents. I made about $20 for working about 10 hours, so I could work an hour and buy 20 mercury dimes. Five years ago, I made about $20 per hour after taxes, but mercury dimes were about .80, so I could work an hour and buy 25 mercury dimes. So, even though I paid less for silver when I was in high school, I could buy more 5 years ago. I remember vividly the first time I saw my savings account top $1,000. At that time, a new chevy impala was $2,000.</p><p><br /></p><p>I believe most people, including people here, are "dollar centric". I think most people visualize dollars as paper dollars, because they believe they could withdraw their bank account and receive paper dollars. I don't think this is useful. </p><p><br /></p><p>The numbers on your bank statement don't represent anything. You say sure they do, I could write a check for some silver. Yes you could, but until you do, you haven't "locked in" the value of your "money". As silver climbs, your money is eroding, so why are you all cheering? You have some silver, and (probably) some money. Your money is eroding, but you're happy because NOT ALL of it is eroding. Your silver is still the same silver. When silver goes down, you still have as much silver, but now your dollars are worth more because they can buy more.</p><p><br /></p><p>No matter what happens to the price of silver, it will always buy 10 cups of coffee, 4 gallons of gas, or 25 postage stamps.[/QUOTE]</p><p><br /></p>
[QUOTE="JoeSmith, post: 725296, member: 18021"]Ok, here's why you're wrong. When I was working in high school (1964), I could "buy" a mercury dime for 10 cents. I made about $20 for working about 10 hours, so I could work an hour and buy 20 mercury dimes. Five years ago, I made about $20 per hour after taxes, but mercury dimes were about .80, so I could work an hour and buy 25 mercury dimes. So, even though I paid less for silver when I was in high school, I could buy more 5 years ago. I remember vividly the first time I saw my savings account top $1,000. At that time, a new chevy impala was $2,000. I believe most people, including people here, are "dollar centric". I think most people visualize dollars as paper dollars, because they believe they could withdraw their bank account and receive paper dollars. I don't think this is useful. The numbers on your bank statement don't represent anything. You say sure they do, I could write a check for some silver. Yes you could, but until you do, you haven't "locked in" the value of your "money". As silver climbs, your money is eroding, so why are you all cheering? You have some silver, and (probably) some money. Your money is eroding, but you're happy because NOT ALL of it is eroding. Your silver is still the same silver. When silver goes down, you still have as much silver, but now your dollars are worth more because they can buy more. No matter what happens to the price of silver, it will always buy 10 cups of coffee, 4 gallons of gas, or 25 postage stamps.[/QUOTE]
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Next step silver - over $20.00
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