He has done a similar activity with gold coins.... no one took him up on his ridiculous offer. Obviously none were astute enough to understand the value or determine authenticity. It would have gone in a heartbeat if one of them were a collector. Cheers, RickO
<< <i>So cohodk, what's your assessment? Are these people onto something, or are they ignorant? >>
I view these people as being susceptible to being taken advantage of. And as such they will whine and squeaky wheels get the grease. Grease is not made of silver.
<< <i>He has done a similar activity with gold coins.... no one took him up on his ridiculous offer. Obviously none were astute enough to understand the value or determine authenticity. It would have gone in a heartbeat if one of them were a collector. Cheers, RickO >>
Exactamudo! Most of these J6P's couldn't even tell if the bar were authentic. And unless it was a named bar with identifying hall marks, I'd be leery of taking it instead of the candy bar. Though with a downside of at most 50c (the price of the candy bar that could have been consumed) it's worth the gamble....lol. Most people see an offer that's too good to be true and will just walk...I do that all the time. I figure no way a seller could be giving X away for almost free. And if they are, I don't need their charity that bad. Let some homeless guy get that deal. You can also bet this video will never show those people who do choose the silver bar....as that would not "prove" the intended point.
You could just as easily dangle a stock certificate denoting a share of Apple or the candy bar.....and I'd bet J6P would pick the candy bar. They probably figure the stock cert is bogus any ways. But, let's not make it too easy on old Joe. Offer him a share of Amgen instead.....the Apple brand is too well known. I doubt he's heard of Amgen....and will take the candy. I'd bet on it. Funny thing. I've never seen one of these "official taste tests" offering shares of stock.
Exactamudo! Most of these J6P's couldn't even tell if the bar were authentic. And unless it was a named bar with identifying hall marks, I'd be leery of taking it instead of the candy bar. Though with a downside of at most 50c (the price of the candy bar that could have been consumed) it's worth the gamble....lol. Most people see an offer that's too good to be true and will just walk...I do that all the time. I figure no way a seller could be giving X away for almost free. And if they are, I don't need their charity that bad. Let some homeless guy get that deal. You can also bet this video will never show those people who do choose the silver bar....as that would not "prove" the intended point.
You could just as easily dangle a stock certificate denoting a share of Apple or the candy bar.....and I'd bet J6P would pick the candy bar. They probably figure the stock cert is bogus any ways. But, let's not make it too easy on old Joe. Offer him a share of Amgen instead.....the Apple brand is too well known. I doubt he's heard of Amgen....and will take the candy. I'd bet on it. Funny thing. I've never seen one of these "official taste tests" offering shares of stock
Gambling is strictly prohibited on this website, I ought to know, I was briefly banned for tongue n cheek saying it exactly the way you are.
To forgive is to free a prisoner, and to discover that prisoner was you.
<< <i>He has done a similar activity with gold coins.... no one took him up on his ridiculous offer. Obviously none were astute enough to understand the value or determine authenticity. It would have gone in a heartbeat if one of them were a collector. Cheers, RickO >>
Exactamudo! Most of these J6P's couldn't even tell if the bar were authentic. And unless it was a named bar with identifying hall marks, I'd be leery of taking it instead of the candy bar. Though with a downside of at most 50c (the price of the candy bar that could have been consumed) it's worth the gamble....lol. Most people see an offer that's too good to be true and will just walk...I do that all the time. I figure no way a seller could be giving X away for almost free. And if they are, I don't need their charity that bad. Let some homeless guy get that deal. You can also bet this video will never show those people who do choose the silver bar....as that would not "prove" the intended point.
You could just as easily dangle a stock certificate denoting a share of Apple or the candy bar.....and I'd bet J6P would pick the candy bar. They probably figure the stock cert is bogus any ways. But, let's not make it too easy on old Joe. Offer him a share of Amgen instead.....the Apple brand is too well known. I doubt he's heard of Amgen....and will take the candy. I'd bet on it. Funny thing. I've never seen one of these "official taste tests" offering shares of stock. >>
And the eternal skeptic is another who is susceptible to being taken advantage of.
Like most assets, silver is suffering from the affects of deflation. Any serious student of economics knows that deflation is historically followed by massive inflation. The increased demand for silver is most likely coming from the serious students of economics.
Keep an open mind, or get financially repressed -Zoltan Pozsar
<< <i>Like most assets, silver is suffering from the affects of deflation. Any serious student of economics knows that deflation is historically followed by massive inflation. The increased demand for silver is most likely coming from the serious students of economics. >>
Lol, any junior high school student or even elementary one who doesn't study economics knows in inflation everything goes up... The real smart ones will know to buy ones that throw off cash...
<< <i>Like most assets, silver is suffering from the affects of deflation. Any serious student of economics knows that deflation is historically followed by massive inflation. The increased demand for silver is most likely coming from the serious students of economics. >>
Lol, any junior high school student or even elementary one who doesn't study economics knows in inflation everything goes up... The real smart ones will know to buy ones that throw off cash... >>
Well, now you know that deflation is historically followed by massive inflation. Class dismissed.
Keep an open mind, or get financially repressed -Zoltan Pozsar
<< <i>Asset deflation, just another conspiracy theory. >>
What deflation....name just one major one. >>
let's start with oil >>
That's not deflation, but a glut..oversupply...not enough demand...China...The World...etc..etc. The Oil example would have been in place even with high inflation. The old basic...supply & demand in play.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
So, rising prices, regardless of cause is known as inflation.
But falling prices, regardless of cause, is not known as deflation.
According to investopedia.com: "The decline in prices of assets, is often known as Asset Deflation."
<< <i>Anyone who thinks the price declines in oil and natural gas are due to monetary deflation should probably re-take econ 101. >>
No one said price declines in oil and natural gas are due to monetary inflation. What was said was that the decline in prices is known as asset deflation.
Inflation and/or deflation, while often a result of monetary action, do not require monetary action. Speculation alone can inflate or deflate prices.
Keep an open mind, or get financially repressed -Zoltan Pozsar
Sorry, by definition falling oil prices are considered to be deflation. Faber is correct that low interest rates have fueled higher asset prices. As each of those bubbles pops, asset deflation results. PM's led the way, then oil, next is _________ .
Keep an open mind, or get financially repressed -Zoltan Pozsar
<< <i>Asset deflation, just another conspiracy theory. >>
What deflation....name just one major one. >>
let's start with oil >>
That's not deflation, but a glut..oversupply...not enough demand...China...The World...etc..etc. The Oil example would have been in place even with high inflation. The old basic...supply & demand in play. >>
We probably should go back to the days of gas guzzling cars and black bellowing smoke industries.
The more qualities observed in a coin, the more desirable that coin becomes!
<< <i>Asset deflation, just another conspiracy theory. >>
What deflation....name just one major one. >>
How about Biotech? That's been a major leader "forever." It inflated and went parabolic. It's now deflating rather nicely. The revisionists will claim that it's "still" it up 3.8X since the 2011 bottom. So that means we should ignore the 30% deflation that just occurred? And ignore the break down of the 4 year uptrend? And ignore the 50 dma close to crossing under the 200 dma, the first time in 5 years? The irony of this is that the revisionists were all over the 30% correction in gold by April 18th 2013 ($1923 to $1350ish). But let's just ignore the 30% drop in Bio Tech shares. That wasn't asset deflation...it's "still" asset inflation. ...........then again, when gold hit $1350 in April 2013 wasn't it still up 5.3X since 2001? Yes, but that doesn't fit the scenario that fiat bugs like to present.
<< <i>Like most assets, silver is suffering from the affects of deflation. Any serious student of economics knows that deflation is historically followed by massive inflation. The increased demand for silver is most likely coming from the serious students of economics. >>
Silver was suffering from the affects of otc derivatives and naked short futures. Papering over the silver market has worked for years. It was only going to continue to work as long as physical demand didn't overwhelm existing inventories. We already know about JPM's $4 TRILL "nuclear" position in commodity derivatives. Hard to say now what side they are on....short or long.
Like most assets, silver is suffering from the affects of deflation.
It's "effects," not affects, in this usage.
And price changes of an asset class are not indicative of "inflation" or "deflation" of the currency, as much as reflecting the underlying supply and demand market forces for those particular assets.
No wonder there is so much animosity on the forum. We're not speaking the same language.
<< <i>Like most assets, silver is suffering from the affects of deflation.
It's "effects," not affects, in this usage.
And price changes of an asset class are not indicative of "inflation" or "deflation" of the currency, as much as reflecting the underlying supply and demand market forces for those particular assets.
No wonder there is so much animosity on the forum. We're not speaking the same language. >>
And price changes of an asset class are not indicative of "supply" or "demand" of the particular assets, as much as reflecting the overarching effects of otc derivatives and naked short futures and papering over the market forces for those particular assets.
*Fixed
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>And price changes of an asset class are not indicative of "supply" or "demand" of the particular assets, as much as reflecting the overarching effects of otc derivatives and naked short futures and papering over the market forces for those particular assets.
*Fixed >>
Is that what made gold go to 1900 and silver to 48?
I wish they'd do it again so I could get out of this stuff with an after-tax and after- lost opportunity cost profit, because I'll admit, I regret buying all these metals.
Yes. Have rebalanced. That's why I regret it. Metals have been "dead money" for years now, for buy-and-holders. When are they going to have their day in the sun so's I can sell them for more than I paid and not have regrets any more?
I mean, come on! We hear over an over about the Fed, and the Debt, and the Derivatives, and all the rest, and how metals gonna save us smart people who bought them..
<< <i>I mean, come on! We hear over an over about the Fed, and the Debt, and the Derivatives, and all the rest, and how metals gonna save us smart people who bought them..
well, let's have it! I'm ready. >>
According to rr...it's up to JPM with their 4 Trillion dollars in derivatives.
<< <i>We already know about JPM's $4 TRILL "nuclear" position in commodity derivatives. >>
rr, I for one don't and I find that difficult to believe. What verifiable proof do you have?
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
<< <i>ZH said so. Get with the program OPA. Sheesh!!! >>
I wouldn't know...I don't subscribe nor do I follow their dribble of overblown half truth's They are in the same league as most tabloid periodicals.....Exaggerated and or partial truth's.... but it sure makes for "good reading" to the conspiracy in "every closet" believers.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
When are they going to have their day in the sun so's I can sell them for more than I paid and not have regrets any more?
I mean, come on! We hear over an over about the Fed, and the Debt, and the Derivatives, and all the rest, and how metals gonna save us smart people who bought them..
well, let's have it! I'm ready.
tut, tut. It sounds like you don't really believe in rebalancing even though that's what you always say you are doing. When is the last time that the markets did exactly what you wanted them to do, at the exact time that you wanted them to do it?
Perhaps you should go with market timing and momentum trades?
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>Yes. Have rebalanced. That's why I regret it. Metals have been "dead money" for years now, for buy-and-holders. When are they going to have their day in the sun so's I can sell them for more than I paid and not have regrets any more? >>
Their day in the sun has passed for the time being. I learned after the crash in 1980 that precious metals could be "dead money" for decades. I have never forgotten that lesson.
We already knew India and China were showing significant increasing silver demand in 2015, and the USA joins them. The US is 600 tonnes ahead of its Jan-July 2014 pace so far this year....and this is non-industrial demand. On top of that the US has started to export silver to India again for the first time in years....227 tonnes in the last 3 recorded months. Yup, no demand for silver anywhere. And I'm sure Citibank's $53 BILL in otc silver derivatives is just coincidental.
Since 2013 India has surpassed the US in silver imports and basically gone hog wild. The relaxation of India's gold import fees was supposed to shift the demand back towards gold. It hasn't. Silver has continued to lead. Of course none of this has anything to do with the current high premiums on physical silver. Note the 3rd sentence in that first link....currently, we are witnessing an abrupt change in normal silver "market dynamics." Whodathunkit?
cohodk
Posts: 18,621 ✭✭✭✭✭
Comments
Keep an open mind, or get financially repressed -Zoltan Pozsar
I knew it would happen.
<< <i>So cohodk, what's your assessment? Are these people onto something, or are they ignorant? >>
I view these people as being susceptible to being taken advantage of. And as such they will whine and squeaky wheels get the grease. Grease is not made of silver.
Knowledge is the enemy of fear
<< <i>He has done a similar activity with gold coins.... no one took him up on his ridiculous offer. Obviously none were astute enough to understand the value or determine authenticity. It would have gone in a heartbeat if one of them were a collector. Cheers, RickO >>
Exactamudo! Most of these J6P's couldn't even tell if the bar were authentic. And unless it was a named bar with identifying hall marks, I'd be leery of taking it instead of the candy bar. Though with a downside of at most 50c (the price of the candy bar that could have been consumed) it's worth the gamble....lol. Most people see an offer that's too good to be true and will just walk...I do that all the time. I figure no way a seller could be giving X away for almost free. And if they are, I don't need their charity that bad. Let some homeless guy get that deal. You can also bet this video will never show those people who do choose the silver bar....as that would not "prove" the intended point.
You could just as easily dangle a stock certificate denoting a share of Apple or the candy bar.....and I'd bet J6P would pick the candy bar. They probably figure the stock cert is bogus any ways. But, let's not make it too easy on old Joe. Offer him a share of Amgen instead.....the Apple brand is too well known. I doubt he's heard of Amgen....and will take the candy. I'd bet on it. Funny thing. I've never seen one of these "official taste tests" offering shares of stock.
You could just as easily dangle a stock certificate denoting a share of Apple or the candy bar.....and I'd bet J6P would pick the candy bar. They probably figure the stock cert is bogus any ways. But, let's not make it too easy on old Joe. Offer him a share of Amgen instead.....the Apple brand is too well known. I doubt he's heard of Amgen....and will take the candy. I'd bet on it. Funny thing. I've never seen one of these "official taste tests" offering shares of stock
Gambling is strictly prohibited on this website, I ought to know, I was briefly banned for tongue n cheek saying it exactly the way you are.
<< <i>
<< <i>He has done a similar activity with gold coins.... no one took him up on his ridiculous offer. Obviously none were astute enough to understand the value or determine authenticity. It would have gone in a heartbeat if one of them were a collector. Cheers, RickO >>
Exactamudo! Most of these J6P's couldn't even tell if the bar were authentic. And unless it was a named bar with identifying hall marks, I'd be leery of taking it instead of the candy bar. Though with a downside of at most 50c (the price of the candy bar that could have been consumed) it's worth the gamble....lol. Most people see an offer that's too good to be true and will just walk...I do that all the time. I figure no way a seller could be giving X away for almost free. And if they are, I don't need their charity that bad. Let some homeless guy get that deal. You can also bet this video will never show those people who do choose the silver bar....as that would not "prove" the intended point.
You could just as easily dangle a stock certificate denoting a share of Apple or the candy bar.....and I'd bet J6P would pick the candy bar. They probably figure the stock cert is bogus any ways. But, let's not make it too easy on old Joe. Offer him a share of Amgen instead.....the Apple brand is too well known. I doubt he's heard of Amgen....and will take the candy. I'd bet on it. Funny thing. I've never seen one of these "official taste tests" offering shares of stock.
And the eternal skeptic is another who is susceptible to being taken advantage of.
Knowledge is the enemy of fear
Keep an open mind, or get financially repressed -Zoltan Pozsar
<< <i>Like most assets, silver is suffering from the affects of deflation. Any serious student of economics knows that deflation is historically followed by massive inflation. The increased demand for silver is most likely coming from the serious students of economics. >>
Lol, any junior high school student or even elementary one who doesn't study economics knows in inflation everything goes up...
The real smart ones will know to buy ones that throw off cash...
Knowledge is the enemy of fear
<< <i>
<< <i>Like most assets, silver is suffering from the affects of deflation. Any serious student of economics knows that deflation is historically followed by massive inflation. The increased demand for silver is most likely coming from the serious students of economics. >>
Lol, any junior high school student or even elementary one who doesn't study economics knows in inflation everything goes up...
The real smart ones will know to buy ones that throw off cash... >>
Well, now you know that deflation is historically followed by massive inflation. Class dismissed.
Keep an open mind, or get financially repressed -Zoltan Pozsar
A drop in silver price is not deflation.
Knowledge is the enemy of fear
Keep an open mind, or get financially repressed -Zoltan Pozsar
<< <i>Asset deflation, just another conspiracy theory.
Like I said, no deflation in rhetoric. I do understand it's tough to be a PM'er these days. Dont worry, the sun will shine again....someday.
Knowledge is the enemy of fear
My Adolph A. Weinman signature
<< <i>Asset deflation, just another conspiracy theory.
What deflation....name just one major one.
Liberty: Parent of Science & Industry
<< <i>
<< <i>Asset deflation, just another conspiracy theory.
What deflation....name just one major one. >>
let's start with oil
Keep an open mind, or get financially repressed -Zoltan Pozsar
Liberty: Parent of Science & Industry
<< <i>
<< <i>
<< <i>Asset deflation, just another conspiracy theory.
What deflation....name just one major one. >>
let's start with oil >>
That's not deflation, but a glut..oversupply...not enough demand...China...The World...etc..etc.
The Oil example would have been in place even with high inflation. The old basic...supply & demand in play.
But falling prices, regardless of cause, is not known as deflation.
According to investopedia.com: "The decline in prices of assets, is often known as Asset Deflation."
<< <i>Anyone who thinks the price declines in oil and natural gas are due to monetary deflation should probably re-take econ 101. >>
No one said price declines in oil and natural gas are due to monetary inflation. What was said was that the decline in prices is known as asset deflation.
Inflation and/or deflation, while often a result of monetary action, do not require monetary action. Speculation alone can inflate or deflate prices.
Keep an open mind, or get financially repressed -Zoltan Pozsar
Knowledge is the enemy of fear
<< <i>Your party of gloom and doomers disagrees with you. >>
Sorry, by definition falling oil prices are considered to be deflation. Faber is correct that low interest rates have fueled higher asset prices. As each of those bubbles pops, asset deflation results. PM's led the way, then oil, next is _________ .
Keep an open mind, or get financially repressed -Zoltan Pozsar
<< <i>Sorry, by definition falling oil prices are considered to be deflation >>
It's a "deflationary asset. Major difference from having deflation throughout the economy.
<< <i>
<< <i>
<< <i>
<< <i>Asset deflation, just another conspiracy theory.
What deflation....name just one major one. >>
let's start with oil >>
That's not deflation, but a glut..oversupply...not enough demand...China...The World...etc..etc.
The Oil example would have been in place even with high inflation. The old basic...supply & demand in play. >>
We probably should go back to the days of gas guzzling cars and black bellowing smoke industries.
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
golly, what a good comment. More such, please
Liberty: Parent of Science & Industry
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
<< <i>J6P wants silver >>
Ignorance is in high supply.
<< <i>
<< <i>Asset deflation, just another conspiracy theory.
What deflation....name just one major one. >>
How about Biotech? That's been a major leader "forever." It inflated and went parabolic. It's now deflating rather nicely. The revisionists will claim that it's "still" it up 3.8X since the 2011 bottom. So that means we should ignore the 30% deflation that just occurred? And ignore the break down of the 4 year uptrend? And ignore the 50 dma close to crossing under the 200 dma, the first time in 5 years? The irony of this is that the revisionists were all over the 30% correction in gold by April 18th 2013 ($1923 to $1350ish). But let's just ignore the 30% drop in Bio Tech shares. That wasn't asset deflation...it's "still" asset inflation.
Bio Tech
<< <i>Like most assets, silver is suffering from the affects of deflation. Any serious student of economics knows that deflation is historically followed by massive inflation. The increased demand for silver is most likely coming from the serious students of economics. >>
Silver was suffering from the affects of otc derivatives and naked short futures. Papering over the silver market has worked for years. It was only going to continue to work as long as physical demand didn't overwhelm existing inventories. We already know about JPM's $4 TRILL "nuclear" position in commodity derivatives. Hard to say now what side they are on....short or long.
Lol
Knowledge is the enemy of fear
It's "effects," not affects, in this usage.
And price changes of an asset class are not indicative of "inflation" or "deflation" of the currency, as much as reflecting the underlying supply and demand market forces for those particular assets.
No wonder there is so much animosity on the forum. We're not speaking the same language.
Liberty: Parent of Science & Industry
<< <i>Is it "nuke"ular, or "new"clear?
Lol >>
new klee errrrrr duh
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
<< <i>Like most assets, silver is suffering from the affects of deflation.
It's "effects," not affects, in this usage.
And price changes of an asset class are not indicative of "inflation" or "deflation" of the currency, as much as reflecting the underlying supply and demand market forces for those particular assets.
No wonder there is so much animosity on the forum. We're not speaking the same language. >>
yep, an effect is the end result of an affect!
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
*Fixed
I knew it would happen.
Knowledge is the enemy of fear
<< <i>And price changes of an asset class are not indicative of "supply" or "demand" of the particular assets, as much as reflecting the overarching effects of otc derivatives and naked short futures and papering over the market forces for those particular assets.
*Fixed >>
Is that what made gold go to 1900 and silver to 48?
I wish they'd do it again so I could get out of this stuff with an after-tax and after- lost opportunity cost profit, because I'll admit, I regret buying all these metals.
Liberty: Parent of Science & Industry
Hmmmm, I thought you were rebalancing.
I knew it would happen.
That's why I regret it. Metals have been "dead money" for years now, for buy-and-holders.
When are they going to have their day in the sun so's I can sell them for more than I paid and not have regrets any more?
Liberty: Parent of Science & Industry
well, let's have it! I'm ready.
Liberty: Parent of Science & Industry
<< <i>I mean, come on! We hear over an over about the Fed, and the Debt, and the Derivatives, and all the rest, and how metals gonna save us smart people who bought them..
well, let's have it! I'm ready. >>
According to rr...it's up to JPM with their 4 Trillion dollars in derivatives.
<< <i>We already know about JPM's $4 TRILL "nuclear" position in commodity derivatives. >>
rr, I for one don't and I find that difficult to believe. What verifiable proof do you have?
Knowledge is the enemy of fear
<< <i>ZH said so. Get with the program OPA. Sheesh!!!
I wouldn't know...I don't subscribe nor do I follow their dribble of overblown half truth's
They are in the same league as most tabloid periodicals.....Exaggerated and or partial truth's.... but it sure makes for "good reading" to the conspiracy in "every closet" believers.
I mean, come on! We hear over an over about the Fed, and the Debt, and the Derivatives, and all the rest, and how metals gonna save us smart people who bought them..
well, let's have it! I'm ready.
tut, tut. It sounds like you don't really believe in rebalancing even though that's what you always say you are doing. When is the last time that the markets did exactly what you wanted them to do, at the exact time that you wanted them to do it?
Perhaps you should go with market timing and momentum trades?
I knew it would happen.
<< <i>Yes. Have rebalanced.
That's why I regret it. Metals have been "dead money" for years now, for buy-and-holders.
When are they going to have their day in the sun so's I can sell them for more than I paid and not have regrets any more? >>
Their day in the sun has passed for the time being. I learned after the crash in 1980 that precious metals could be "dead money" for decades. I have never forgotten that lesson.
I knew it would happen.
Yes, it's true - precious metals "could be" dead money for decades. As could stocks, bonds, or real estate.
I knew it would happen.
US silver demand up 21% in 2015 - Silver disconnect continues
The Comex registered silver inventory is falling at 3X the pace it did during the 2010-2011 run up. No demand here either.
India's 1400 tonnes of silver imports in August was 40% of monthly world mining supply
Since 2013 India has surpassed the US in silver imports and basically gone hog wild. The relaxation of India's gold import fees was supposed to shift the demand back towards gold. It hasn't. Silver has continued to lead. Of course none of this has anything to do with the current high premiums on physical silver. Note the 3rd sentence in that first link....currently, we are witnessing an abrupt change in normal silver "market dynamics." Whodathunkit?