And the history books are replete with accounts of black pepper currency? My education must be sorely lacking because I don't ever remember reading that, but I've read many times about silver and gold being used as money.
I'm continually amused by the insistence that silver is dirt-common on one hand, and too scarce to use as money on the other hand.
The main problem, it seems - is that silver or gold can't be fractionally-reserved into existence and that the accounting actually has to account for something real. Gosh, we can't use a money that would restrict the politicians or bankers. Nope! That would be too severe.
<<<And too honest.>>>
Q: Are You Printing Money? Bernanke: Not Literally
jmski, I wouldn't call those 'on one hand'...'on the other' arguments - those were 2 different points to 2 different topics. for one, i certainly think there's enough silver for it to be a currency again, it's all a matter of how fractionalized you want to get with it and using a 3rd metal (like copper) for smaller transactions. my broader point was that there are many many more alternative stores of wealth available than in the past, and very few people around the world see gold/silver being their only choice anymore. That's one big macro reason why it's not more than $20/oz today.
on black pepper - there's some great books on the history of the spice trade, def. worth reading. i could have substituted nutmeg, ginger, or cinnamon. the age of exploration was a crazy time. and when comparing to history, also good to see that there's a lot of silver coming to market these days:
average yearly silver production from 3000 BC - 1900 AD: 8 million ounces / yr
average production 2010/2013: 800 million ounces/yr
sadly, going back to a gold/silver standard certainly won't necessitate any restriction on politicians or bankers. if in the 0.000001% chance it happens, those dialed in to the scene will make sure that they're well positioned accordingly first. so, careful what you wish for.
Examples of commodities that have been used as mediums of exchange include gold, silver, copper, rice, salt, peppercorns, large stones, decorated belts, shells, alcohol, cigarettes, cannabis, candy, etc.
Wowza, so all the silver disappeared huh?... Pretty amazing ... Maybe one could start there and try to explain it away... Ridiculous only 1-2 billion oz of silver?
Listen or read what u/they r saying, how much and where did all the silver disappear that's been mined in just last ten years maybe 5,6,7+ billion ozs? This all during the time claims being made of only 1 bil oz of silver around?...
Is this years mined silver vanishing as it is coming out of the ground? Possibly thru that black hole that swallowed that missing airplane....
there is only 1.3 oz per Capita (vs. 15 oz/pC in 1477).
Population of the Earth today=7,200,000,000 Population of Earth that couldnt care less about silver=7,000,000,000
To 97% of the world silver (and fiat) is worthless.
In 1400, silver was for Kings, not peasants. While we have today more Kings, we have a lot more peasants. The per capita value of silver will most likely continue its trend until the global population reverses its trend.
Thats why silver is not and will not in your lifetime (and for another 100 generations) be valued as you may want to think.
It might increase in value relative to other assets, but not as some would lead you to believe.
Non-radioactive elements do not disappear or get "used up". Every ounce, every atom of silver ever mined, still exists.
It might be combined with other elements in compounds, which might be buried in a landfill, bit it's not "gone", just not economically recoverable at current silver values, so while for practical purposes, it's not available for industry or further "consumption", it could be, if prices were higher.
Likewise, all of everyone's little novelty bullion rounds and bars could be available to industry, at the right price.
There's plenty of silver, the specific circumstances that would cause the price for it to go nuts in a frenzy of extended long-term demand from average people are IMO highly unlikely.
More better to try to skim the flow of "premium" for upgraded bullion, than to buy and hold yer breath to get rich from it, I'm starting to think.
The peddlers of arbitraged "collectibles" and the paper daytraders are making all the money, and the rest of us are just treading water with holding (the bag) the metal
These threads are so foolish. There are so many conspiracy theorists and kooks claiming you should buy precious metals and get out of stocks. These are the same people who have 100 fully loaded guns in their home, have a supply of rabbits and chickens and a mini farm in their basement, and a bunker to protect from radiation in the event of a nuclear war. Even if stocks go down soon-which they might-these people deserve to be mocked. They are the type of people who put tin foil on their heads to communicate with aliens. This forum is home to so many of these people. These people love quoting the founding fathers to claim that America was founded on Christianity and they quote the constitution at every opportunity to claim it means what they say it means.
<< <i>I speculate that silver is very underpriced. It may, and probably will go lower in the short term, but my bias (opinion) says much higher in the long term. I too use silver as a place to park savings. It rewarded me the last time it peaked and I cashed in and I am confident it will repeat itself, probably on many more occasions. The more the better. >>
<< <i>These threads are so foolish. There are so many conspiracy theorists and kooks claiming you should buy precious metals and get out of stocks. These are the same people who have 100 fully loaded guns in their home, have a supply of rabbits and chickens and a mini farm in their basement, and a bunker to protect from radiation in the event of a nuclear war. Even if stocks go down soon-which they might-these people deserve to be mocked. They are the type of people who put tin foil on their heads to communicate with aliens. This forum is home to so many of these people. These people love quoting the founding fathers to claim that America was founded on Christianity and they quote the constitution at every opportunity to claim it means what they say it means. >>
Mock away
But keep in mind that only fools are posting to the thread.
<< They are the type of people who put tin foil on their heads to communicate with aliens. >>
What trash! Everyone knows that you don't put foil on your head to communicate with aliens. You put foil on your head to make a Faraday cage so that the government can't hear what you're thinking.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>These threads are so foolish. There are so many conspiracy theorists and kooks claiming you should buy precious metals and get out of stocks. These are the same people who have 100 fully loaded guns in their home, have a supply of rabbits and chickens and a mini farm in their basement, and a bunker to protect from radiation in the event of a nuclear war. Even if stocks go down soon-which they might-these people deserve to be mocked. They are the type of people who put tin foil on their heads to communicate with aliens. This forum is home to so many of these people. These people love quoting the founding fathers to claim that America was founded on Christianity and they quote the constitution at every opportunity to claim it means what they say it means. >>
The American masses have spoken.
1) 100 fully loaded guns? 2) Bunker to protect from radiation? 3) Claim America was founded on Christianity! 4) Quote the constitution!
Yes, these are profound statements coming from "coinrollhunter".
I also wasnt aware that I needed to comment on every blog linked to this forum. Generally I only comment when I see gross misinformation presented as fact. There was nothing to comment about the blog as I saw no misinformation (I didnt see any information at all), only opinion and assumption.
My comment about "100 generations" is my opinion of your expectation of silver again becoming as "valuable" as it was in Medieval times. I cannot see any situation in which this would ever be the case. None. However, if you wish to buy silver as an alternative investment class, as I do, and are willing to accept long term returns roughly equal to equities or real estate, with periods of dramatic outperformance, then I believe you will be happy with your decisions.
If you expect silver to have the same "values" as linked here, then I believe (know), you and generations after you will be quite disappointed. silver "barter" rates during the good old days
examples from the above link.
1 cow for 100 grams of silver. 1 chicken for 1/10 gram of silver. a virgin swarm of bees for 25 grams.
I did just notice that the fine for holding a woman's breast was 39 grams of silver. You could probably still get that today.
I also wasnt aware that I needed to comment on every blog linked to this forum. Generally I only comment when I see gross misinformation presented as fact. There was nothing to comment about the blog as I saw no misinformation (I didnt see any information at all), only opinion and assumption.
My comment about "100 generations" is my opinion of your expectation of silver again becoming as "valuable" as it was in Medieval times. I cannot see any situation in which this would ever be the case. None. However, if you wish to buy silver as an alternative investment class, as I do, and are willing to accept long term returns roughly equal to equities or real estate, with periods of dramatic outperformance, then I believe you will be happy with your decisions.
If you expect silver to have the same "values" as linked here, then I believe (know), you and generations after you will be quite disappointed. silver "barter" rates during the good old days
examples from the above link.
1 cow for 100 grams of silver. 1 chicken for 1/10 gram of silver. a virgin swarm of bees for 25 grams.
I did just notice that the fine for holding a woman's breast was 39 grams of silver. You could probably still get that today. >>
I looked at the table and i have an issue with some of the items , for instance
Binding an innocent ceorl and shaving him like a priest 60s
not the amount just think it sounds like good clean fun why fine a guy ?
But if you're a central bank you can always create money (more sovereign debt) to buy current sovereign debt.
"These are the most important fixed income instruments of the world's third biggest economy, and the only entity willing to own them is the government that issues them.
<< <i>Don't need Cow(s) - already have enough, until/unless I get more pasture.
Don't really need it, but I will take all of the "luck" that I can get - Thank you!
(Edited to add) P.S. It's interesting that you mention 3 oz Ag for a Cow.... I've been paying my neighbor for "Bull Rental" for the last several years with Silver. In reality, I've been paying less than an ounce of Silver per "Calf".... >>
The Bull needs a Union or complain about unfair "labor" practices. He's not getting the minimum wage.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Kyle Bass brings up an interesting point about inflation when he compares it to bond yields. One inflation driver that we don't talk about here on the forum is taxes.
The cost of price increases and tax increases is additive.
Q: Are You Printing Money? Bernanke: Not Literally
But if you're a central bank you can always create money (more sovereign debt) to buy current sovereign debt.
"These are the most important fixed income instruments of the world's third biggest economy, and the only entity willing to own them is the government that issues them.
This can only end very badly. >>
Especially when multiplied by the same slovenly monetary policy enjoyed by China, Japan and most of Europe.
<< <i>Kyle Bass brings up an interesting point about inflation when he compares it to bond yields. One inflation driver that we don't talk about here on the forum is taxes.
The cost of price increases and tax increases is additive. >>
Ask Japan about the effect increased taxes have had on inflation in that country.
<< <i>Kyle Bass brings up an interesting point about inflation when he compares it to bond yields. One inflation driver that we don't talk about here on the forum is taxes.
The cost of price increases and tax increases is additive. >>
Ask Japan about the effect increased taxes have had on inflation in that country. >>
Real Japanese inflation or bogus numbers as reported by the government?
With the 25% devaluation of the Yen in the last 18 months, Oil has soared by that percentage or more, as have many imported food items.
Of course though, Japan is still in a deflationary cycle as defined by the political hacks.
The $120K silver guru overlooks something very important: His claim: "2) Central banks have NO physical Silver to assist in the manipulation of the Silver market but they still have a lot of physical Gold (although much less than they claim)."
Physical silver is not needed to manipulate the market, paper silver is their weapon and they have an endless supply of it.
<< <i>Perhaps my call of "silver should have three zeros behind the current price" is not as crazy as it may seem. For those of you who actually read my 4th Qtr PM Report some of this information will be review. I had NOT seen this article when I wrote that report (I just found this today) - we just happened to reach a similar conclusion, through a different route....
<< <i>$120,000 silver may happen sometime in the future, but the ounce of silver will still buy the same dinner at Denny's that it does now. >>
Golly! will it still take about an hour of reasonably easy labor to earn a $120,000 ounce or a full belly? Will we live in a $3,600,000,000 house?
edit: by "we", I obviously mean our distant descendants, as it's highly unlikely any of those things will be those prices in our or our children's or grandchildren's lifetimes.
we hear very clearly the "information" that you think this, and that you sincerely believe this prediction of the future price of silver relative to most everything else.
But this does not make your opinion of the future, itself, "information". It remains opinion unless and until it becomes "fact" in the past of the future.
The "information" supporting your opinion is not new nor novel, those facts and interpretations have been around a long long time.
<< <i>Ford Focus currently "costs" 1000 ounces of silver, it is entirely possible (and I would suggest likely) that you may someday be able to "buy" one for 100, 10, or even a single ounce of silver >>
Thinking about this for a moment. Silver was $1 an ounce in the early 1960's and a decent new auto was about $2500 so the ratio was 2500 oz to 1. When silver approached $50 in 1979 or 1980, a decent car was $8000 so had you picked the market top, your ratio would have been 160 oz to 1 car. At the current $20 and $30k for the car, we are at a 1500 to 1 ratio.
Remember, cars contain a lot of steel and a bit of platinum and I am sure silver and gold in the circuitry welds. I can possibly (but unlikely), see a 100 to 1 ratio in an extreme market situation, but that would be it. 10 to 1 and 1 to 1, forget about it.
<< <i>Maybe I had too much coffee this morning? >>
Nope. I received exactly the response that I expected.
You guys can joke about this all that you want, and that's fine with me. My purpose is sincere and genuine - to share the knowledge that silver is, indeed, currently underpriced. Just because silver is underpriced does not mean that everything else is also underpriced, and that provides opportunity. While it is true that a new Ford Focus currently "costs" 1000 ounces of silver, it is entirely possible (and I would suggest likely) that you may someday be able to "buy" one for 100, 10, or even a single ounce of silver. It is also entirely possible (and I would suggest likely) that silver will be priced higher than gold at some point in the near future.
It's clear to me that the majority of this board do not care to hear this information - "as you wish".... >>
Sweet!!!!!!!!!!!!!! I'll be able to buy a fleet of cars. Dude, with all due respect, you are insane. Only the insane would repeat the same nonsense and expect a different response. You will never buy a new car for a generic ounce of silver. Never. I know this because just the people on this board would be able to buy a million cars.
<Neither does Hubert Moolman, Richard Russell, David Morgan, Ted Butler>
I would not consider this good company. The same could be said for 98% of "newsletter" writers IMO.
MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<<The cost of price increases and tax increases is additive. >>
Ask Japan about the effect increased taxes have had on inflation in that country
I didn't say that increased taxes had any effect on inflation. What I said is that price increases and tax increases are basically the same thing, and that they are additive.
Taxes are a tax.
Obamacare is a tax.
Inflation is a tax.
Q: Are You Printing Money? Bernanke: Not Literally
Comments
And the history books are replete with accounts of black pepper currency? My education must be sorely lacking because I don't ever remember reading that, but I've read many times about silver and gold being used as money.
I'm continually amused by the insistence that silver is dirt-common on one hand, and too scarce to use as money on the other hand.
The main problem, it seems - is that silver or gold can't be fractionally-reserved into existence and that the accounting actually has to account for something real. Gosh, we can't use a money that would restrict the politicians or bankers. Nope! That would be too severe.
<<<And too honest.>>>
I knew it would happen.
on black pepper - there's some great books on the history of the spice trade, def. worth reading. i could have substituted nutmeg, ginger, or cinnamon. the age of exploration was a crazy time. and when comparing to history, also good to see that there's a lot of silver coming to market these days:
average yearly silver production from 3000 BC - 1900 AD: 8 million ounces / yr
average production 2010/2013: 800 million ounces/yr
sadly, going back to a gold/silver standard certainly won't necessitate any restriction on politicians or bankers. if in the 0.000001% chance it happens, those dialed in to the scene will make sure that they're well positioned accordingly first. so, careful what you wish for.
Liberty: Parent of Science & Industry
Ridiculous only 1-2 billion oz of silver?
Listen or read what u/they r saying, how much and where did all the silver disappear that's been mined in just last ten years maybe 5,6,7+ billion ozs? This all during the time claims being made of only 1 bil oz of silver around?...
Is this years mined silver vanishing as it is coming out of the ground?
Possibly thru that black hole that swallowed that missing airplane....
Population of the Earth today=7,200,000,000
Population of Earth that couldnt care less about silver=7,000,000,000
To 97% of the world silver (and fiat) is worthless.
In 1400, silver was for Kings, not peasants. While we have today more Kings, we have a lot more peasants. The per capita value of silver will most likely continue its trend until the global population reverses its trend.
Thats why silver is not and will not in your lifetime (and for another 100 generations) be valued as you may want to think.
It might increase in value relative to other assets, but not as some would lead you to believe.
Knowledge is the enemy of fear
<< <i>Again, "Incredible".... >>
Sounds kind of "dismissive"
Knowledge is the enemy of fear
<< <i>To 97% of the world silver (and fiat) is worthless. >>
My Fiat was worthless.
It might be combined with other elements in compounds, which might be buried in a landfill, bit it's not "gone", just not economically recoverable at current silver values, so while for practical purposes, it's not available for industry or further "consumption", it could be, if prices were higher.
Likewise, all of everyone's little novelty bullion rounds and bars could be available to industry, at the right price.
There's plenty of silver, the specific circumstances that would cause the price for it to go nuts in a frenzy of extended long-term demand from average people are IMO highly unlikely.
More better to try to skim the flow of "premium" for upgraded bullion, than to buy and hold yer breath to get rich from it, I'm starting to think.
The peddlers of arbitraged "collectibles" and the paper daytraders are making all the money, and the rest of us are just treading water with holding (the bag) the metal
Liberty: Parent of Science & Industry
China's 2008 is at their doorstep. How they fund their bailouts could be devastating for US bonds and US interest rates.
Give Me Liberty or Give Me Debt
China will do just as the US did-- replace "bad" debt with "good" debt.
Knowledge is the enemy of fear
<< <i>I speculate that silver is very underpriced. It may, and probably will go lower in the short term, but my bias (opinion) says much higher in the long term. I too use silver as a place to park savings. It rewarded me the last time it peaked and I cashed in and I am confident it will repeat itself, probably on many more occasions. The more the better. >>
I speculate you have a lot of speculations.
<< <i>These threads are so foolish. There are so many conspiracy theorists and kooks claiming you should buy precious metals and get out of stocks. These are the same people who have 100 fully loaded guns in their home, have a supply of rabbits and chickens and a mini farm in their basement, and a bunker to protect from radiation in the event of a nuclear war. Even if stocks go down soon-which they might-these people deserve to be mocked. They are the type of people who put tin foil on their heads to communicate with aliens. This forum is home to so many of these people. These people love quoting the founding fathers to claim that America was founded on Christianity and they quote the constitution at every opportunity to claim it means what they say it means. >>
Mock away
But keep in mind that only fools are posting to the thread.
Give Me Liberty or Give Me Debt
<< <i>I speculate you have a lot of speculations. >>
My speculations on assets are profitable. How's your speculation on people paying off?
Give Me Liberty or Give Me Debt
<< <i>They are the type of people who put tin foil on their heads to communicate with aliens. >>
Actually we are just trying to pull up the NCAA games without cable!
What trash! Everyone knows that you don't put foil on your head to communicate with aliens. You put foil on your head to make a Faraday cage so that the government can't hear what you're thinking.
I knew it would happen.
<< <i>These threads are so foolish. There are so many conspiracy theorists and kooks claiming you should buy precious metals and get out of stocks. These are the same people who have 100 fully loaded guns in their home, have a supply of rabbits and chickens and a mini farm in their basement, and a bunker to protect from radiation in the event of a nuclear war. Even if stocks go down soon-which they might-these people deserve to be mocked. They are the type of people who put tin foil on their heads to communicate with aliens. This forum is home to so many of these people. These people love quoting the founding fathers to claim that America was founded on Christianity and they quote the constitution at every opportunity to claim it means what they say it means. >>
The American masses have spoken.
1) 100 fully loaded guns?
2) Bunker to protect from radiation?
3) Claim America was founded on Christianity!
4) Quote the constitution!
Yes, these are profound statements coming from "coinrollhunter".
Give Me Liberty or Give Me Debt
<< <i>
<< <i>Thats why silver is not and will not in your lifetime (and for another 100 generations) be valued as you may want to think. >>
Hubert and I still disagree.... >>
Good. Exploitation is easier when there is disagreement.
Knowledge is the enemy of fear
I also wasnt aware that I needed to comment on every blog linked to this forum. Generally I only comment when I see gross misinformation presented as fact. There was nothing to comment about the blog as I saw no misinformation (I didnt see any information at all), only opinion and assumption.
My comment about "100 generations" is my opinion of your expectation of silver again becoming as "valuable" as it was in Medieval times. I cannot see any situation in which this would ever be the case. None. However, if you wish to buy silver as an alternative investment class, as I do, and are willing to accept long term returns roughly equal to equities or real estate, with periods of dramatic outperformance, then I believe you will be happy with your decisions.
If you expect silver to have the same "values" as linked here, then I believe (know), you and generations after you will be quite disappointed. silver "barter" rates during the good old days
examples from the above link.
1 cow for 100 grams of silver.
1 chicken for 1/10 gram of silver.
a virgin swarm of bees for 25 grams.
I did just notice that the fine for holding a woman's breast was 39 grams of silver. You could probably still get that today.
Knowledge is the enemy of fear
<< <i>I dont believe I misunderstood anything.
I also wasnt aware that I needed to comment on every blog linked to this forum. Generally I only comment when I see gross misinformation presented as fact. There was nothing to comment about the blog as I saw no misinformation (I didnt see any information at all), only opinion and assumption.
My comment about "100 generations" is my opinion of your expectation of silver again becoming as "valuable" as it was in Medieval times. I cannot see any situation in which this would ever be the case. None. However, if you wish to buy silver as an alternative investment class, as I do, and are willing to accept long term returns roughly equal to equities or real estate, with periods of dramatic outperformance, then I believe you will be happy with your decisions.
If you expect silver to have the same "values" as linked here, then I believe (know), you and generations after you will be quite disappointed. silver "barter" rates during the good old days
examples from the above link.
1 cow for 100 grams of silver.
1 chicken for 1/10 gram of silver.
a virgin swarm of bees for 25 grams.
I did just notice that the fine for holding a woman's breast was 39 grams of silver. You could probably still get that today. >>
I looked at the table and i have an issue with some of the items , for instance
Binding an innocent ceorl and shaving him like a priest 60s
not the amount just think it sounds like good clean fun
I knew it would happen.
Knowledge is the enemy of fear
Knowledge is the enemy of fear
But if you're a central bank you can always create money (more sovereign debt) to buy current sovereign debt.
"These are the most important fixed income instruments of the world's third biggest economy, and the only entity willing to own them is the government that issues them.
This can only end very badly.
Give Me Liberty or Give Me Debt
<< <i>Don't need Cow(s) - already have enough, until/unless I get more pasture.
Don't really need it, but I will take all of the "luck" that I can get - Thank you!
(Edited to add) P.S. It's interesting that you mention 3 oz Ag for a Cow.... I've been paying my neighbor for "Bull Rental" for the last several years with Silver. In reality, I've been paying less than an ounce of Silver per "Calf".... >>
The Bull needs a Union or complain about unfair "labor" practices.
<< <i>Ha! I like that one....
He's "undocumented" - eager and willing to forego Minimum Wage when paid in Silver, Hay, and "Fringe Benefits"....
...or French Benefits.
The cost of price increases and tax increases is additive.
I knew it would happen.
<< <i>The problem with excessive debt - eventually no one wants to fund it.
But if you're a central bank you can always create money (more sovereign debt) to buy current sovereign debt.
"These are the most important fixed income instruments of the world's third biggest economy, and the only entity willing to own them is the government that issues them.
This can only end very badly. >>
Especially when multiplied by the same slovenly monetary policy enjoyed by China, Japan and most of Europe.
<< <i>Kyle Bass brings up an interesting point about inflation when he compares it to bond yields. One inflation driver that we don't talk about here on the forum is taxes.
The cost of price increases and tax increases is additive. >>
Ask Japan about the effect increased taxes have had on inflation in that country.
Knowledge is the enemy of fear
<< <i>
<< <i>Kyle Bass brings up an interesting point about inflation when he compares it to bond yields. One inflation driver that we don't talk about here on the forum is taxes.
The cost of price increases and tax increases is additive. >>
Ask Japan about the effect increased taxes have had on inflation in that country. >>
Real Japanese inflation or bogus numbers as reported by the government?
With the 25% devaluation of the Yen in the last 18 months, Oil has soared by that percentage or more, as have many imported food items.
Of course though, Japan is still in a deflationary cycle as defined by the political hacks.
The $120K silver guru overlooks something very important:
His claim: "2) Central banks have NO physical Silver to assist in the manipulation of the Silver market but they still have a lot of physical Gold (although much less than they claim)."
Physical silver is not needed to manipulate the market, paper silver is their weapon and they have an endless supply of it.
Give Me Liberty or Give Me Debt
<< <i>Perhaps my call of "silver should have three zeros behind the current price" is not as crazy as it may seem. For those of you who actually read my 4th Qtr PM Report some of this information will be review. I had NOT seen this article when I wrote that report (I just found this today) - we just happened to reach a similar conclusion, through a different route....
.... $120,000 per oz of SILVER!
Cheers, >>
Fourteen exclamation points make the argument for a silver skyrocket very convincing!!!!!!!!!!!!!!
(wake me up at blast-off)
Liberty: Parent of Science & Industry
<< <i>$120,000 silver may happen sometime in the future, but the ounce of silver will still buy the same dinner at Denny's that it does now. >>
Golly! will it still take about an hour of reasonably easy labor to earn a $120,000 ounce or a full belly? Will we live in a $3,600,000,000 house?
edit: by "we", I obviously mean our distant descendants, as it's highly unlikely any of those things will be those prices in our or our children's or grandchildren's lifetimes.
Think they will? I'll bet you $1000 they won't
Liberty: Parent of Science & Industry
<< <i>
<< <i>$120,000 silver may happen sometime in the future, but the ounce of silver will still buy the same dinner at Denny's that it does now. >>
Golly! will it still take about an hour of reasonably easy labor to earn a $120,000 ounce or a full belly? Will we live in a $3,600,000,000 house? >>
I prefer the $10,000,000,000 yacht.
With this roll of silver dimes in my desk I will be able to rule the world!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Maybe I should get another roll while silver is still the cheapest thing on the planet?????!!!!!
I'll be able to buy 100 cows and a million chickens!!!!!!!!!!!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
WHOO HOO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Maybe I had too much coffee this morning?
Knowledge is the enemy of fear
<< <i>
<< <i>
<< <i>$120,000 silver may happen sometime in the future, but the ounce of silver will still buy the same dinner at Denny's that it does now. >>
Golly! will it still take about an hour of reasonably easy labor to earn a $120,000 ounce or a full belly? Will we live in a $3,600,000,000 house? >>
I prefer the $10,000,000,000 yacht.
Your future yacht will be priced in gold backed yuan not dollars
But this does not make your opinion of the future, itself, "information". It remains opinion unless and until it becomes "fact" in the past of the future.
The "information" supporting your opinion is not new nor novel, those facts and interpretations have been around a long long time.
Liberty: Parent of Science & Industry
<< <i>Ford Focus currently "costs" 1000 ounces of silver, it is entirely possible (and I would suggest likely) that you may someday be able to "buy" one for 100, 10, or even a single ounce of silver >>
Thinking about this for a moment. Silver was $1 an ounce in the early 1960's and a decent new auto was about $2500 so the ratio was 2500 oz to 1. When silver approached $50 in 1979 or 1980, a decent car was $8000 so had you picked the market top, your ratio would have been 160 oz to 1 car. At the current $20 and $30k for the car, we are at a 1500 to 1 ratio.
Remember, cars contain a lot of steel and a bit of platinum and I am sure silver and gold in the circuitry welds. I can possibly (but unlikely), see a 100 to 1 ratio in an extreme market situation, but that would be it. 10 to 1 and 1 to 1, forget about it.
<< <i>
<< <i>Maybe I had too much coffee this morning? >>
Nope. I received exactly the response that I expected.
You guys can joke about this all that you want, and that's fine with me. My purpose is sincere and genuine - to share the knowledge that silver is, indeed, currently underpriced. Just because silver is underpriced does not mean that everything else is also underpriced, and that provides opportunity. While it is true that a new Ford Focus currently "costs" 1000 ounces of silver, it is entirely possible (and I would suggest likely) that you may someday be able to "buy" one for 100, 10, or even a single ounce of silver. It is also entirely possible (and I would suggest likely) that silver will be priced higher than gold at some point in the near future.
It's clear to me that the majority of this board do not care to hear this information - "as you wish".... >>
Sweet!!!!!!!!!!!!!! I'll be able to buy a fleet of cars. Dude, with all due respect, you are insane. Only the insane would repeat the same nonsense and expect a different response. You will never buy a new car for a generic ounce of silver. Never. I know this because just the people on this board would be able to buy a million cars.
Knowledge is the enemy of fear
I would not consider this good company. The same could be said for 98% of "newsletter" writers IMO.
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Ask Japan about the effect increased taxes have had on inflation in that country
I didn't say that increased taxes had any effect on inflation. What I said is that price increases and tax increases are basically the same thing, and that they are additive.
Taxes are a tax.
Obamacare is a tax.
Inflation is a tax.
I knew it would happen.
putting up with BS at work is a tax
putting up with BS at home is a tax
putting up with traffic, lines at stores, paying vendors their markup, paying service people to fix broken stuff is a tax
If I could find a better package deal, I'd move there in a heartbeat.
Liberty: Parent of Science & Industry
Liberty: Parent of Science & Industry
<< <i>Nearing the end of 2014, does the year continue to look a lot like 2008 to anyone? >>
No...more like 1955 Leningrad.
<< <i>
<< <i>Nearing the end of 2014, does the year continue to look a lot like 2008 to anyone? >>
No...more like 1955 Leningrad. >>
Okay, I had to type that into my search-o-meter. I got a dozen or so LIFE images of Americans on vacation in Leningrad.
But when I typed in 1955 Stalingrad I got these images...
<< <i>
<< <i>
<< <i>Nearing the end of 2014, does the year continue to look a lot like 2008 to anyone? >>
No...more like 1955 Leningrad. >>
Okay, I had to type that into my search-o-meter. I got a dozen or so LIFE images of Americans on vacation in Leningrad.
But when I typed in 1955 Stalingrad I got these images...
Precisely.