@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?
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.
Q: Are You Printing Money? Bernanke: Not Literally
@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?
@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.
Comments
The benefactors are a far less number than the indebted.
Velocity, Not Valuation Defines A Bubble.
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".
I knew it would happen.
Yup. Ones a winner and the other a loser. Dont be a loser.
Knowledge is the enemy of fear
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?
I knew it would happen.
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?
Knowledge is the enemy of fear
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.
I knew it would happen.
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?
Knowledge is the enemy of fear
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.