Discussion in 'Bullion Investing' started by Soiled, Apr 1, 2016.
Looks like it did not go down really we are in Ho Hum mode I guess.
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It's been in Ho-Hum mode for a long time ...
Silver was down $.27 cents and just rebounded to being $.07 up. Could $16.75 be the stabilized price? I'm eyeballing some random year ASE's for a nice price on Provident. Might pull the trigger.
$15 will be better for trigger pulling.
We will never see $15 again. At least, not until the dollar gets a lot stronger.
$14 will be even better. $2 or 3 is nothing in bullion markets.
WHich way will it GO ?!?!?!
It can't make up it's mind ...
My crystal Ball says buy NOW!!!
My crystal ball says buy ALWAYS , as long as you have the spare FRNs.
oh yea Go Go Go!!!
Here's a quote I found online a while ago, enjoy...
"People are suckers if they are buying gold and silver and VALUING that gold and silver in terms of worthless paper dollars, and who think they are losing when the dollar price of silver and gold go down.
A gold ounce 900 years ago is still a gold ounce today. The dollar price of gold and silver is IRRELEVANT. Gold and silver did not all of a sudden become valuable when America was born and the dollar was created.
Gold and silver are MONEY and are ASSETS. PERIOD.
I couldn’t care less about the silver and gold paper price slaughter this week.
To me that just proves how VALUABLE gold and silver really are that they are trying to push down the (irrelevant) paper price."
I have been trying to preach that for years but few want to listen.
And several keep telling others "Bring that worthless paper to me and I will trade you 10 cents silver on the hundred paper dollars US face" . Gee, can't find any one who will take up on this tremendous offer.
Grand quotes are fun but the world is never going back to metal as a primary currency unless it's the end of days scenario. The dollar will eventually be replaced by another paper or electronic currency but it won't be made of metal. Those type of posts always make wonder how many people went into the ground waiting for gold to re-emerge. Metal will probably always have value but it will always be measured by some other currency. Metal doesn't work for the day to day operations of advanced society.
Had you said "Metal will not be allowed to work for the day to day operations of advanced society" I would have totally agreed with you. But there is nothing intrinsically correct about your statement.
In the 1960's a gallon of gas was about 25 cents. I can still buy a gallon of gas with the FRNs a silver quarter will trade for. Minimum wage was $1.25 in 1965. What are 5 silver quarters bringing right now? Pretty close to the $15 an hour Edited: political. The money changed. LBJ was wrong.
Allowed? Everyone is allowed to use metal as a medium of exchange for anything they want right now.
So, the value of silver change tracked along with the cost of living, or at least they matched in the 1960s and today.
Now, how much of that change do you think would've circulated in 2011, when a silver quarter was "worth" $7.50 (and a gallon of gas was around $3.75)? Would you have spent one of those quarters for a gallon of gas?
I'd just as soon not have our system of coinage held hostage to random run-ups in the commodity that they're struck from.
(Actually, I'm almost beyond caring, in this age of plastic money; the only reason I still use cash is because I like checking my change for interesting coins and/or serial numbers. And by "interesting" I mean "able to be flipped for a profit", mostly.)
If our coinage were still specie based, as required by the constitution, there would be no such random run ups.
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