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<p>[QUOTE="JoeSmith, post: 733173, member: 18021"]Everything I said was totally original, I've never seen the articles to which you refer. But, of course the dollar is going to zero. Do you think there is a limit on how high things can cost? If not, then you believe there is no lower limit to the value of the dollar. That's what "going to zero" means.</p><p><br /></p><p><br /></p><p>I believe that is the contra-positive of my belief that the value of silver (and gold) remain constant. Saying that gold and silver track inflation is saying that they basically keep their original value, in spite of inflation, which was my point.</p><p><br /></p><p><br /></p><p>Thank you for your detailed analysis of the price of junk silver vs the price of gasoline for the last 50 years.</p><p><br /></p><p>I'll summarize what you said in a little chart:</p><p><br /></p><p>Year --- Silver / gas ratio</p><p>1968 --- 5</p><p>1972 --- 10</p><p>1987 --- 10</p><p>1979 --- 21.3 </p><p>1984 --- 4</p><p>1989 --- 3</p><p>1990 --- 3</p><p><br /></p><p>I calculated it for 1979, you said gas was .75/gal and junk silver was 16 times face value. That was the peak of the hunt brothers cornering the market, when silver was over $50. That, of course, was an abberation.</p><p><br /></p><p>You proved my point. The gas / junk silver wants to be 4. Sometimes it goes above it, as much as 10 (the Hunt brothers notwithstanding), but it comes back. Sometimes it goes below 4, but never lower than 3, and it comes back to 4. Lots of things affect the real price of gas, like supply and demand, hurricanes, wars. Clinton tried to lower the price of gas by dumping the strategic reserve on the market. Lots of things affect the silver / dollar ratio. Both these factors affect the junk silver / gas ratio. BUT, the junk silver / gas ratio is MUCH MORE stable than the price of silver or the price of gas.</p><p> </p><p>The conclusion of my earlier post was:</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.</p><p><br /></p><p>I haven't seen anything to refute me.[/QUOTE]</p><p><br /></p>
[QUOTE="JoeSmith, post: 733173, member: 18021"]Everything I said was totally original, I've never seen the articles to which you refer. But, of course the dollar is going to zero. Do you think there is a limit on how high things can cost? If not, then you believe there is no lower limit to the value of the dollar. That's what "going to zero" means. I believe that is the contra-positive of my belief that the value of silver (and gold) remain constant. Saying that gold and silver track inflation is saying that they basically keep their original value, in spite of inflation, which was my point. Thank you for your detailed analysis of the price of junk silver vs the price of gasoline for the last 50 years. I'll summarize what you said in a little chart: Year --- Silver / gas ratio 1968 --- 5 1972 --- 10 1987 --- 10 1979 --- 21.3 1984 --- 4 1989 --- 3 1990 --- 3 I calculated it for 1979, you said gas was .75/gal and junk silver was 16 times face value. That was the peak of the hunt brothers cornering the market, when silver was over $50. That, of course, was an abberation. You proved my point. The gas / junk silver wants to be 4. Sometimes it goes above it, as much as 10 (the Hunt brothers notwithstanding), but it comes back. Sometimes it goes below 4, but never lower than 3, and it comes back to 4. Lots of things affect the real price of gas, like supply and demand, hurricanes, wars. Clinton tried to lower the price of gas by dumping the strategic reserve on the market. Lots of things affect the silver / dollar ratio. Both these factors affect the junk silver / gas ratio. BUT, the junk silver / gas ratio is MUCH MORE stable than the price of silver or the price of gas. The conclusion of my earlier post was: 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. I haven't seen anything to refute me.[/QUOTE]
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Next step silver - over $20.00
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