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<p>[QUOTE="rrholdout, post: 2890202, member: 89654"]I've been thinking of it this way. The dollar has a broadly accepted, government-backed, yet still faith-based '<i>face value</i>', and a steadily decreasing power to purchase goods, every day. The more dollars, the less value. If you check an inflation calculator, the dollar is 25 times weaker than it was in 1913.</p><p><br /></p><p>Silver has an '<i>historic wealth value</i>', part emotional, part tradition. It's hard to quantify, as major banks simply manipulate the dollar/silver relationship for their own profit and to keep the dollar going [recently proven in court to have been ongoing since at least 1999]. Silver also has been in the U.S. for a very long time a proven and desired currency. It's a <i>very </i>realistic alternative to the dollar even if only a grassroots/back-door movement. I add the 'part-emotional' due to the way panic sets in to acquire silver at any cost once a run sets in.</p><p><br /></p><p>'Demand' always fluctuates. Silver may have a present low demand/low value as people feel comfortable with the economy. If not so comfortable, demand changes.</p><p><br /></p><p>If the $35/ounce silver purchase was a <i>for-profit </i>venture, it will probably not realize much profit at all, esp. short-term - why bullion is a bad 'for-profit' venture [unless you're Deutsche Bank]. However if it was an acquisition based on belief on a <i>better</i> currency, probably money well spent.[/QUOTE]</p><p><br /></p>
[QUOTE="rrholdout, post: 2890202, member: 89654"]I've been thinking of it this way. The dollar has a broadly accepted, government-backed, yet still faith-based '[I]face value[/I]', and a steadily decreasing power to purchase goods, every day. The more dollars, the less value. If you check an inflation calculator, the dollar is 25 times weaker than it was in 1913. Silver has an '[I]historic wealth value[/I]', part emotional, part tradition. It's hard to quantify, as major banks simply manipulate the dollar/silver relationship for their own profit and to keep the dollar going [recently proven in court to have been ongoing since at least 1999]. Silver also has been in the U.S. for a very long time a proven and desired currency. It's a [I]very [/I]realistic alternative to the dollar even if only a grassroots/back-door movement. I add the 'part-emotional' due to the way panic sets in to acquire silver at any cost once a run sets in. 'Demand' always fluctuates. Silver may have a present low demand/low value as people feel comfortable with the economy. If not so comfortable, demand changes. If the $35/ounce silver purchase was a [I]for-profit [/I]venture, it will probably not realize much profit at all, esp. short-term - why bullion is a bad 'for-profit' venture [unless you're Deutsche Bank]. However if it was an acquisition based on belief on a [I]better[/I] currency, probably money well spent.[/QUOTE]
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Silver getting crushed today
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