TRYING TO "Play the GSR" -- HORRIBLE IDEA

Discussion in 'Bullion Investing' started by goldcollector, Apr 17, 2017.

  1. rrholdout

    rrholdout Active Member

    Would it be 'political' to open a thread discussing state actions towards legitimizing bullion as a currency?
     
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  3. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Let me do it for you without running afoul of the rules. Many states have had bills introduced making silver and/or gold legal tender for some purposes, however that works. My state, Pennsylvania, is among those where the introduction has been done. So far, it is hopelessly mired in committee. In fact, the decision on which committee to even assign it to took a long time. The states where such bills have passed or are near passage tend to be western states with their own long-standing histories and/or culture in precious metals mining. There has been nearly NO momentum for such bills east of the Mississippi River. If an eastern state would make progress in this area, because of their gold mining histories, I'd suspect Georgia and/or North Carolina, again because of their gold rushes that caused there to be the Dahlonega and Charlotte mints, respectively.

    To me, it's hard to see how this would work from a practical perspective. Would current gold and silver prices be ubiquitously posted somehow? Let me tell you with absolute certainty - in the northeast, the percentage of people who even are remotely aware of the prices of precious metals is way way WAAAAY below 1%. The culture for it simply isn't here in the northeast. This is where Continental Currency thrived, paper money BEFORE there even was a U.S. Bullion money for actual trade has always been a mostly western phenomenon through most of our history.
     
    Last edited: Nov 1, 2017
  4. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    There is a difference in " reporting state actions towards legitimizing bullion as a currency " and "discussing" such. An URL can be used in the first case referring to such actual actions. Discussion is what gets people into trouble, as it is seldom they do not impose their own views on the actions, and there is Always someone who will disagree and the cat fight begins. The rules leave the interpretation of what is allowed and what is not to the staff. Jim
     
  5. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    That's why I avoided any criticism of the idea beyond the merely practical issues. I have deeply held beliefs on it, but such a "discussion" is doomed to failure and hurt feelings and flame wars, based as much on geography as political ideology.
     
  6. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Hey Jim, here in the northeast, the closest we ever come to using the word "desert" in every day parlance is to describe an inner city area with no large grocery stores. :D

    Green stuff grows on EVERYTHING here, whether it's crops, grass or mold. I almost got run over by a harvesting machine hauling corn silage last night.
     
    Last edited: Nov 1, 2017
  7. rrholdout

    rrholdout Active Member

    I wonder why my home state of PA even bothered to push it to committee.
    There I fixed it for you. No , crossing it out does not alleviate the responsibility of posting it.
     
    Last edited by a moderator: Nov 1, 2017
  8. rrholdout

    rrholdout Active Member

    Not sure what the fix is to the line-through . . . tried a few things, none worked.
     
  9. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Oh boy, here I'm flirting with a line, so I'm going to be exceedingly careful. I know who the prime sponsor of the Pennsylvania bill is, and he used to be on a committee I served in staff, so I got to learn his political philosophy generally. Suffice it to say, he comes from a political ideology that we see in parts of our state, but which when taken as a whole, our state does not have a lot of them. He has "western culture" written all over him. His district is rural in capital letters. He is a VERY outspoken gentleman on his philosophy. No one will ever accuse him of being a legislative "wallflower". He's pretty "in your face".

    In our system, it takes only one Representative to sponsor a bill, and EVERY bill is assigned to some committee or other. The VAST majority of bills die in committee, and committee Chairmen have NEARLY total say over what does and does not ever come up for a vote.
     
    Last edited: Nov 1, 2017
  10. rrholdout

    rrholdout Active Member

    Well, if you're interested in PM'ing you're point of view, I'd love to hear it. Though it tends to drive the silver-lovers crazy, I've always found your thoughts intriguing and coherent.
     
  11. rrholdout

    rrholdout Active Member

    I see. Certainly does not reflect the position of the state at large.
     
  12. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Correct, but he represents his district pretty well, from what I know from travelling through it occasionally. This is a VERY ideologically diverse state.
     
  13. baseball21

    baseball21 Well-Known Member

    It would/does basically never happens hence from the commerce standpoint it was more of a symbolic move for popularity and votes.
     
  14. Blaubart

    Blaubart Melt Value = 4.50

    What if, and this is crazy, but what if a person is indifferent to whether they're buying gold or silver? What if all they want is a way to store wealth and possibly play the markets a little?

    I know, crazy! Right?
     
  15. goldcollector

    goldcollector Member

    Maybe, and this is beyond crazy. Maybe if they are indifferent they should be an adult and make a choice. And then stick to that choice.

    It doesn't make an ounce of sense to say I am indifferent so I will buy silver at a premium, then sell it at or likely under spot so I can turn around and use the money to buy gold at a premium. All because I'm indifferent.

    Read the rules on Language, including symbols and abbreviations!
    By the way, the thread is now 7 months old and I'm still waiting for the promised GSR drop.

    Thread started at GSR 68.93
    Now its 76.22.

    Its such great advice to buy silver and wait for the inevitable GSR drop that they have been promising since the GSR was 40.

    Like I said in post 1 the GSR will NEVER be 55 again, hell I'm not sure when/if you will see 68.93 again.
     
    Last edited by a moderator: Nov 10, 2017
    V. Kurt Bellman and baseball21 like this.
  16. Deadline

    Deadline Active Member

    The pole smokers have convinced themselves that folks who buy silver and gold don't have any other investments. Logical fallacy specialists...
     
  17. sakata

    sakata Devil's Advocate

    Who needs other investments when they hold gold and silver?







    Answer: Everyone.
     
  18. Deadline

    Deadline Active Member

    Its hilarious to watch the "know it all's" trip over themselves trying to pat themselves on the back...
     
  19. goldcollector

    goldcollector Member

    Lol. This site is too funny. You can call someone a pole smoker that's fine but you better not say darn.

    Yes deadline I am going to keep bumping the thread like I said I would in post #1. I know the silver side would prefer it disappear so they can start all over again with their always wrong silver garbage.

    That seems to be the never ending cycle. The silver side posts their Inane always wrong, couldn't possibly happen nonsense. Then it turns out to be 100% wrong. Everyone forgets how incredibly, amazingly wrong they were. Rinse and repeat.

    I started the thread when the GSR was 68.93 amid all the silver side guarantees that the GSR was about to fall huge. The GSR is almost 76 now.

    Like I said 8 months ago GSR 55 never again.
     
    baseball21 likes this.
  20. goldcollector

    goldcollector Member

    Harley what are you talking about gold at $2000 then silver at $100 (GSR 20 ) ROFLMAO @ GSR 20.

    How about this Gold at $2000 silver at $16.75 ? Even though I don't believe Gold will be $2000 for a long long long time when it does get there I would expect silver to be $22-$25. No where near $100. I don't even know how you just went from a GSR of 76 currently down to 20.

    I think you are making way too much of the idea that more people have $100 then $2000. That's actually a positive for gold not silver. It means every Tom dick and Harry has silver while very fee have Gold. That's one if the biggest reasons why the GSR is going to continue to slowing increase over any long period of time ( just as it always has since priced have been free floating). Way too many weak hands have silver.
     
  21. Deadline

    Deadline Active Member

    "It means every Tom dick and Harry has silver while very few have Gold. That's one if the biggest reasons why the GSR is going to continue to slowing increase over any long period of time ( just as it always has since priced have been free floating). Way too many weak hands have silver."

    Since you have absolutely no idea of who owns what and how much they own all of that is pure speculation and opinion based upon the prior speculation and wishful thinking of another. Since you know for a fact that the GSR will never hit or go below 55 please tell me what the winning powerball numbers will be this week since you are convinced you can predict the future. You do the exact same thing you accuse others of.
     
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