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<p>[QUOTE="medoraman, post: 1425039, member: 26302"]Jason, as to your original question, I do not see the decline of the middle class tying into increasing PM prices. I do see a correlation between excess consumption in this country and the decline of the dollar. </p><p><br /></p><p>I see the excess consumption in demanding fresh produce year round requiring grapes to be flwon in from Chile in January, "Mcmansions", luxury SUV's, (I own one for full disclosure), and basically lack of savings and a "want it all today" attitude in the US. Nearly every time I watch a reality show like pawn stars the person selling some cherished family heirloom wants to money to "go to Cancun", "have extra gambling money", etc. I have never heard one state they wanted the money to pay down their mortgage, invest in a couple of bonds, or a productive use. </p><p><br /></p><p>That is the great drain on this nation, overconsumption, and as a result of this nationally will depress our currency value for the foreseeable future. Us on this board, basically by definition, are hard money people. We wish the dollar held its worth more, and are interested in ideas like buying PM today for future appreciation. I will tell you that this simply is not the common attitude today for most Americans. Most spend every cent, and then some, every week, and if they ever have an extra $100 will go out and "treat" themselves. We are the tiny minority that sees value in spending that money on a couple of ounces of silver to save for the future.</p><p><br /></p><p>Just my opinion.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1425039, member: 26302"]Jason, as to your original question, I do not see the decline of the middle class tying into increasing PM prices. I do see a correlation between excess consumption in this country and the decline of the dollar. I see the excess consumption in demanding fresh produce year round requiring grapes to be flwon in from Chile in January, "Mcmansions", luxury SUV's, (I own one for full disclosure), and basically lack of savings and a "want it all today" attitude in the US. Nearly every time I watch a reality show like pawn stars the person selling some cherished family heirloom wants to money to "go to Cancun", "have extra gambling money", etc. I have never heard one state they wanted the money to pay down their mortgage, invest in a couple of bonds, or a productive use. That is the great drain on this nation, overconsumption, and as a result of this nationally will depress our currency value for the foreseeable future. Us on this board, basically by definition, are hard money people. We wish the dollar held its worth more, and are interested in ideas like buying PM today for future appreciation. I will tell you that this simply is not the common attitude today for most Americans. Most spend every cent, and then some, every week, and if they ever have an extra $100 will go out and "treat" themselves. We are the tiny minority that sees value in spending that money on a couple of ounces of silver to save for the future. Just my opinion.[/QUOTE]
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