Europe debases silver coins

derryb

@RedneckHB said:

@derryb said:
inflation and national debt have not been good for either of us

Well......some folk may have used other folks money locked in at low interest to purchase assets that rise with inflation.

The benefactors are a far less number than the indebted.

jmski52

some folk may have used other folks money locked in at low interest to purchase assets that rise with inflation

or, to purchase assets that fall with a housing market decline, as the case may be. That's what I would call a "debt trap".

RedneckHB

@jmski52 said:
some folk may have used other folks money locked in at low interest to purchase assets that rise with inflation

or, to purchase assets that fall with a housing market decline, as the case may be. That's what I would call a "debt trap".

Yup. Ones a winner and the other a loser. Dont be a loser.

jmski52

some folk may have used other folks money locked in at low interest to purchase assets that rise with inflation

Sounds pretty manipulative. Why don't those folks use their own money?

RedneckHB

@jmski52 said:
some folk may have used other folks money locked in at low interest to purchase assets that rise with inflation

Sounds pretty manipulative. Why don't those folks use their own money?

Manipulative? Really? Maybe they did use their own money on combination with low interest loans to acquire more assets.

If one buys a house with 20% down and 80% borrowed is that Manipulation? Suppose they used 100% of their money to buy 5 houses. Where is the Manipulation?

Remember that Deadhorse on the forum of about 20 years ago. He took out a HELOC to buy silver at around $5. He used others' money to buy other assets. Where is the Manipulation?

jmski52

Borrowing money to buy assets that rise with inflation isn't a zero sum game. The funny thing is that it costs the bank nothing to issue a loan out of thin air, but the loan has to be paid back with real money that was earned. Yeah, I guess it's really not as manipulative as it is predatory.

RedneckHB

@jmski52 said:
Borrowing money to buy assets that rise with inflation isn't a zero sum game. The funny thing is that it costs the bank nothing to issue a loan out of thin air, but the loan has to be paid back with real money that was earned. Yeah, I guess it's really not as manipulative as it is predatory.

Predatory? You saving Deadhorse preyed on the bank?

Not supposed to be a zero some "game". Seems more like everyone wins.

Y'all now have $80 silver and increased your net worth and bettered your life relative to J6P. You think it would be $80 if "they" didnt print, print print?

LucrumCentrum

@Göttinger said:
Well, since Germany adopted the Euro in 2002, there have always been collector's coins availabe at face value, most of the time they were made from a silver alloy.
It started with a 10 Euro coin containing roughly ½ ozt of silver, later they eradicated the silver content, but brought it back a few years later...

The main German commemorative coin series (available at face value):

• 2002 - 2010: 10€ face value, 18 grams of .925 silver
• 1st issue of 2011: 10€ face value, 16 grams of .625 silver
• 2nd issue 2011 - 2015: 10€ face value, no silver anymore, just a copper-nickel-alloy
• 2016 - 2025: 20€ face value, 18 grams of .925 silver
• 2026 onwards: 35€ face value, 17 grams of .500 silver

Over the past few years there were some other silver commemoratives availabe at value aswell:

• 2015: 25€ coin, 18 grams of .999 silver
• 2021 - 2024: 25€ coin, 22 grams of .999 silver
• 2024: 11€ coin, 14 grams of .500 silver
• 2026 onwards: 25€ coin, 21 grams of .625 silver

I did not know this. Most of my information was around how the industry has been using silver. This is fascinating and thank you for posting it. I will need to read more about it.