Silver Will Not Top $20 Again Homies

All of the insane things he said I didn't address were addressed pages ago. He just doesnt understand monetary policy, economics, credit/debt....how can one argue with that?

 

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I'm going to go ahead and choose not to side with the person who has resorted to unsubstantiated and irrelevant personal attacks and IMHO, deserves a warning or a temporary ban. He might have had a good point or two early on in the discussion, but his credibility went down hill really quick once the attacks came out.

 

Yeah, that is what I thought. ....

 

I wasn't going to weigh in, as I don't particularly care to take sides, but since Fiatfiasco has basically turned his posts into a temper tantrum, here goes...

Mikem stays on point. Fiat changes the subject with every response, starting from the very beginning. Stop injecting emotion and 'drift' into your responses, Fiat, and you'll make a much stronger case. That said, I'm not entirely sure what your point is, as it seems to change with every post.

 

@Fiat why don't you take Blaubarts hint here, it is going downhill fast for you, Jim will be putting a stop to this very shortly and you are way on the short side of the stick. As far as me, I will take high road from here and will tear you part with facts not personal attacks.

 

Do you only read and remember the parts you like? Most people agree with me, they just dont like how I said it to you. I really couldn't care less if an ignorant person doesn't like how I speak, they are already in bad shape being ignorant.

 

you're making a significant, unqualified assumption with that statement.

 

In addition to what slider said, it seems that anyone who agrees with me get called a nasty name. I don't know why, but that is what the record shows. Don't seem quite right...... just stickin' to the facts here.

 

This is degenerating rapidly the last couple of pages. So Warning! No more of these ridiculous " I am smarter than you are posts!", and play by the forum rules.

 

I must disagree with the assertion that those living paycheck to paycheck do not 'feel' inflation. While those folks don't have the ability to see that saved money loses value over time, I guarantee that they feel it every day, with everything they buy.

Inflation affects everyone.

given any time frame, such a person can easily see that the money that used to cover certain things, no longer does. They can see this as plainly as the other guy calculating the result of inflation on his savings.

To imply otherwise seems out of touch to me.

 

Well, yeah that is what folks think of right away, prices are going up, inflation must be the problem. but I have the tough side of the argument. I also believe it is much deeper than that. The paycheck changes. I want to put this out to the big picture.. I see little sense to say "Well, i haven't gotten a raise for three years so you are wrong." It may very well be true that thee has been no raise in three years, but you forgot about the 10% raise you got in 1981, it all counts.

So lets go back to 1975. Joe has been living from paycheck to paycheck since then. That paycheck has also increased in size. You can see where I am going with this. Now, I am not sure how many spins around the sun you have been here for, but I remember 1975, I can tell you the standard of living is just flat out better now. You can argue that point, but I think I am correct. Just for an example, I bet you have bought a Brand new car sometime in your life, maybe several, most people have. Well my Dad never did, in fact he didn't have a car at all until 1972, before that, it was the BUS. I don't think a valid point can be made that our stadard of living has not improved over the years.

So the paycheck has been expanding and the cost of goods has been inflating, but somewhere along the line the standard of living got better. How did this happen, the average consumer does have more BUYING power now. Now there are fluctuations from year to year and it is not smooth, but things are better. They are better than 1975, much better than 1950, and MUCH, MUCH better than 1925. In all those years we have been in an inflationary environment, yet things were very positive for the consumer in the longer bigger picture, so I submit, that mild contolled inflaton is not the problem. Thing have been improving

To take it further, it was probably the very inflation that has allowed for the improve standard of living. Our economy works best with mild inflation, it is necessary to expand the money supply. If the reverse were true, and were in 75 years of deflationary times, it is highly unlikley the buisness's would have been able to expand and grow and allow the standard of living to improve. Rembember that absolute worst times in American history have been in deflationary periods.

So.... If inflation has this history of not hurting us in the past, why would it be the culprit now. Also, just to be clear, i am taking about mild, controlled inflation. I totally agree high inflation can cause big problems.

Oh yeah, I forgot one more thing. If inflation is so bad, why are the American people hurting so much now, when we have had 4 years of historically low inflation. The problem is the economy, not inflation.

 

So I'm sitting here eating M&M candies with anger, You are NOT suppose to eat it with anger.

 

Spot silver just under $20 as i speak.

If it makes anyone feel any better, when spot silver was @ 21.40 a couple months ago..

I bought a "Monster Box of ASE's" 3.60 over spot. Now, you can say " Hey Bill your losing money, what were you thinking?" That's true if i sold today, but i'm not.

Honestly? It's always a good time to buy silver, or Gold. As a hobby spot price means nothing to me, as an invester Absolutely.

Have fun with your hobby, these are exciting times.

 

The concept of "You don't technically "lose money" until you sell" has always been a point of contention among all sorts of investors.

The other way to look at it is from an opportunity cost perspective. While you haven't taken a loss yet by IRS standards, by not having sold before it went down and bought when it was down, you are not in the same position as you would be if you had.

Of course hindsight is 20/20 and one shouldn't think about how much better off they'd be if they had only sold at the peak and bought at the bottom, or just bought at the bottom. That's enough to drive a person to drink.

 

while I agree that gradual inflation is probably beneficial overall. My point was only that inflation affects everyone; not just those with 'money in the bank.'

 

Silver is coming up like a great white shark!

 

I think of silver as a hedge against other things that could happen. I hope it goes up, but until it does I am buying more of it just in case...

 

Go back to the other forum dude. Go hang out with 50cent and timzim. Do your research first before you open your mouth you coin roll hunter. Get your facts right. Do you even own silver? Probably not. Lol

 

Why are bullion investors so sensitive? If anybody says silver is going down, or not a good investment they get angry and throw a tantrum. It's hilarious.