Just think, today it took only 1,491 pieces of paper $1 bills to buy what cost 1,719 pieces of paper just a couple weeks ago!
To think in the last few weeks they probably 'created' a trillion more pieces of paper to add to the 200 Trillion pieces of paper at minimum that are floating in the ether.
Life sure is exciting when the Banksters are running things!
I was ‘COINB0Y' with 4812 posts and ‘Expert Collector’ ranking (Joined in 2006).
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
"Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
It's almost like a present this week, especially since I'm going to a coin show tomorrow. The trick will be prying any silver or gold out from behind the dealer's table because of the drop!
@ Elite CNC Routing & Woodworks on Facebook. Check out my work. Too many positive BST transactions with too many members to list.
American Numismatic Association Governor 2023 to 2025 - My posts reflect my own thoughts and are not those of the ANA.My Numismatics with Kenny Twitter Page
I buy it every day. I just pay less. It was a blessing in disguise to send it off to the refinery at $1595 a few weeks ago. A dealer offered me a bunch of it today, but NOT at my price, so I passed. I rather have gold and silver than copper and nickel. (they illegal to melt)
We (PM'ers) are pretty well behaved considering.. When that DJIA dives down to 8,000 it will make the PM dip seem like heaven. It will appear as zombies have hit the streets.
<< <i>I remember back in the days you could watch the market and PM's teeter totter back and forth, when the market was down PMs were up and vice versa... Today, they are both down... WTF.
I bought a bunch of silver today at what I consider to be fire sale prices. I guess you could say I'm still a believer.
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>.................... Actually, it's mostly just electrons. >>
I have a confession to make. I'm hoarding electrons. Stashing them away in Leyden jars and batteries, etc. THEN, when Bitcoin finally buys the farm, I'm going to release my own internet currency, called 'Twitcoin', manipulate the value ruthlessly, and before it peaks and crashes, buy tangible items like, ummm, more gold . ----- I recently bought an ounce in 1/10'ths from a member here. They are still as beautiful as they were 2 weeks ago (not to say I have ugly electrons). I can take them anywhere and obtain food, drink, and shelter. A 5% drop, even in one day, is not he wildest roller coaster I've ever been on.
Lots better ride than fixed rate bonds though!
Many, many perfect transactions with other members. Ask please.
Comments
To think in the last few weeks they probably 'created' a trillion more pieces of paper to add to the 200 Trillion pieces of paper at minimum that are floating in the ether.
Life sure is exciting when the Banksters are running things!
No Way Out: Stimulus and Money Printing Are the Only Path Left
<< <i>Down $70 @ $1494 at this time. >>
OUCH... I promise it was not me this time... Wow, that's a huge hit all at once. Let's see what the day ends at.
Best,
Ray
Today, they are both down... WTF.
DJIA 14,810.52
-54.62
NASDAQ 3,277.20
-22.96
Dollar cost averaging has worked
for me !!!
It's almost like a present this week, especially since I'm going to a coin show tomorrow. The trick will be prying any silver or gold out from behind the dealer's table because of the drop!
Too many positive BST transactions with too many members to list.
Paper is going up? Actually, it's mostly just electrons.
I knew it would happen.
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My Numismatics with Kenny Blog Page Best viewed on a laptop or monitor.
ANA Life Member & Volunteer District Representative
2019 ANA Young Numismatist of the Year
Doing my best to introduce Young Numismatists and Young Adults into the hobby.
``https://ebay.us/m/KxolR5
When that DJIA dives down to 8,000 it will make the PM dip seem like heaven. It will appear as zombies have hit the streets.
<< <i>I remember back in the days you could watch the market and PM's teeter totter back and forth, when the market was down PMs were up and vice versa...
Today, they are both down... WTF.
DJIA 14,810.52
-54.62
NASDAQ 3,277.20
-22.96 >>
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
The "hit" has been minimal.
Thanks rr.
r95
I checkout in the triple tomorrow then off to Asia for 12 days, found any good places to buy some gold or silver?
Tim
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"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
2013 Buffalo, as a pocket piece.
To celebrate the 100 year mark of the 5 cent piece.
<< <i>.................... Actually, it's mostly just electrons. >>
I have a confession to make. I'm hoarding electrons.
Stashing them away in Leyden jars and batteries, etc.
THEN, when Bitcoin finally buys the farm, I'm going to release my own internet currency, called 'Twitcoin', manipulate the value ruthlessly, and before it peaks and crashes, buy tangible items like, ummm, more gold .
-----
I recently bought an ounce in 1/10'ths from a member here. They are still as beautiful as they were 2 weeks ago (not to say I have ugly electrons). I can take them anywhere and obtain food, drink, and shelter. A 5% drop, even in one day, is not he wildest roller coaster I've ever been on.
Lots better ride than fixed rate bonds though!
When it gets back to $35/oz I'm all in.
``https://ebay.us/m/KxolR5