Friday Porn 7/19/13
tneig
Posts: 1,505 ✭✭✭
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tneig
Posts: 1,505 ✭✭✭
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I knew it would happen.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>hey rawteam...YOU SUCK!
lmao, why not.
<< <i>rawtram---Who made your bar? >>
Continental Coin (a private mint) purchased a large quantity of this silver and minted 1oz rounds and 10 and 100oz bars from it. They made sure that everyone knew it was made from silver that had been stored at the San Francisco Assay Office, to the point that some people buy these bullion products thinking they were minted BY the U.S. Assay Office.
It's all about what the people want...
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<< <i>rawtram---Who made your bar? >>
Continental Coin (a private mint) purchased a large quantity of this silver and minted 1oz rounds and 10 and 100oz bars from it. They made sure that everyone knew it was made from silver that had been stored at the San Francisco Assay Office, to the point that some people buy these bullion products thinking they were minted BY the U.S. Assay Office. >>
Thanks. I have a few of the 10 oz bars and always wondered who made them. Neat bars but fairly common.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
A stamp from the U.S. Assay Office in San Francisco means you know this 10 oz .999 fine silver bar has passed a quality assurance test. Add it to your silver portfolio today!
In the late 1960s, the Defense Logistics Agency had over 165 million ounces of silver in its stockpile. The government dumped a large amount of this silver on the open market in 1980 and 1981 to drive down silver prices after the Hunt brothers tried to corner the market. The Hunt Brothers are former billionaire Nelson Hunt and William Hunt. Nelson saw his fortune collapse after he and William tried, but failed, to corner the world market in silver.
The private mint Continental Coin purchased a large quantity of this silver and minted 1 oz rounds and 10 oz and 100 oz bars from it. They made sure that everyone knew it was made from silver that had been stored at the San Francisco Assay Office, so people wouldn't think these bullion products were minted by the U.S. Assay Office.
[URL=http://s765.photobucket.com/user/rawteam1/media/theeyeback_zps6301c9f8.jpg.html]
<< <i>The government dumped a large amount of this silver on the open market in 1980 and 1981 to drive down silver prices after the Hunt brothers tried to corner the market. >>
the government manipulating metal prices?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
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<< <i>The government dumped a large amount of this silver on the open market in 1980 and 1981 to drive down silver prices after the Hunt brothers tried to corner the market. >>
the government manipulating metal prices?
Maybe the G sold a bunch of silver to take advantage of the high prices? Kinda like what they did with the ATB 5oz and record sales of ASE's in the last 2 years.
Knowledge is the enemy of fear
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<< <i>
<< <i>The government dumped a large amount of this silver on the open market in 1980 and 1981 to drive down silver prices after the Hunt brothers tried to corner the market. >>
the government manipulating metal prices?
Maybe the G sold a bunch of silver to take advantage of the high prices? Kinda like what they did with the ATB 5oz and record sales of ASE's in the last 2 years. >>
The G quit caring about profit or returns when the FED gave them an endless supply of dollars. Money is now irrelevent to the G until it's time to extend the credit line.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey