Noble Realms

spirituality - physics - conspiracy - philosophy - wisdom - and more...

You are not logged in.

Announcement

Noble Realms Forum is now closed. It will remain online as a searchable archive of posts spanning 3/25/04 to 2/22/08. Members may still log in to use email functions, but there will be no further posting activity. Thank you to everyone who has contributed over the years. - Tom/montalk

#31 2006-02-12 21:35:22

TruthSeeker
Member
Registered: 2005-12-17

Re: Buy silver!

HELLO EVERYONE

FUTURE GOLD AND SILVER PRICES

http://www.silverstockreport.com/
http://www.silverstockreport.com/email/ … rices.html


Silver Stock Report
www.silverstockreport.com
December 21, 2005
by Jason Hommel

It's always easy to make investment decisions in hindsight.  It's much harder to have a vision for the future.  I believe that paper money will be destroyed, and that gold and silver money will once again be restored as money worldwide.  And I will share my vision with you, based on fundamentals, and presented, in the form of graphs of gold and silver prices in the future, as denominated in increasingly worthless dollars.

On Dec. 13, I sent out an email titled, "Should I wait for a correction to buy silver?"
http://www.silverstockreport.com/email/correction.html

In sum, no, I wouldn't advise anyone to wait to buy.  The reason is my very high expectation for silver and gold prices in the future.  If silver is headed above $200/oz., it does not really matter too much if you buy silver at $8 or $9--it is far more important to actually have silver, and sell paper money, before the price of precious metals begins to really skyrocket. 

Furthermore, silver can move up dramatically AT ANY TIME!  Why?  Because the remaining silver supplies, (less than 130 million oz. of refined silver) are valued at about $1 billion.  And yet, there are relatively massive amounts of money ($22 trillion bond market, $10 trillion money in the banks [M3], $10 trillion worth of yen, $2.6 trillion dollars in Asia) that need the protection of a good investment, like silver.

See: Silver Users Fear Silver Shortage
http://biz.yahoo.com/prnews/051027/clth528.html?.v=8

AT ANY TIME, a billionaire, and there are over 600 of them, could buy some silver, and push the price up beyond $25/oz., and silver would still be cheap. 

In my speeches at the mining shows, I have spoken of the fundamentals (like I just did).  I usually then say that I don't like or do any technical analysis.  Most chartists, in my opinion, over analyze the past dollar/gold price movements on the charts to try and predict a future dollar/gold price by the application of drawing lines or shapes or parabolas on charts to determine "the trend" or "the channel".  But the chart contains absolutely zero information on the number one fundamental issue that will control the dollar price of silver and gold, namely, the charts do not tell you how many dollars they have created to excess!  More and more dollar owners, one after another, will realize the fundamental truth, that paper is not real money, but only gold and silver are real money.  The paper stuff may be money, but it is fraudulent money, and the fundamental, undeniable, and inescapable truth is that all frauds become exposed, and once exposed, they come to an abrupt end!

From 1971 until 1980, gold increased from $35/oz. to $850/oz.  That was an increase of about 24 times, or, if you average out the gains from the bottom to the peak, an annual increase of 34%, for ten years straight.  Thus, it took nearly 10 years to work off only some of the excess creation of paper money (inflation) that existed in the system since 1933, from the previous gold default, when gold was initially re-priced and fixed at $35/oz. from $20/oz.  But the 1980 peak did not work out all the paper excesses--if it did, gold would have reached about $7000/oz., as you can see on the chart below.  If all the paper excesses are worked off next time, we may expect the U.S. gold hoard to be equal to the money in U.S. banks, which would imply a price of about $38,314/oz.  To get that number, simply divide the current $10 trillion in the banks (M3--soon to be discontinued) by the 261 million oz. of "official" gold, which may not even exist.  Ahem!

I first discussed this concept in two articles here:
Why no talk of $32,567/oz ? - 02 January 2003
http://www.silverstockreport.com/essays … _oz_-.html
People Talking About $32,567/oz - 10 January 2003
http://www.silverstockreport.com/essays … 67_oz.html

So, instead of doing technical analysis to determine future gold prices, let's graph those fundamentals I just discussed.  Here's the M3 / U.S. gold chart, showing what the gold price would have been if the money creation showed up instantly in the gold price, every time a dollar is created.  Clearly, there is delay between the time of money creation, and when this fraud is revealed. 

Official government sources:
Source of M3 http://www.federalreserve.gov/releases/h6/Current/
Source of U.S. Gold http://www.fms.treas.gov/gold/index.html






To get to about $40,000/oz. for gold, to catch up to all that past inflation, we would need a growth rate of about 30% per year, starting about now in 2006, for about 15 years.  Of course, it could happen sooner.  But let's look at that on a graph, shall we?  The graph will illustrate how utterly useless it is to dwell excessively on the relatively minor price movements in gold and silver that we see today.  Note the flat line at the bottom, showing a tiny blip around 1980.  The historical ups and downs that we are seeing on today's price charts, under the scenario I expect in the future, will be reduced to nearly nothing.





Yes, that looks very dramatic.  Is it possible?  Of course, and the next chart shows that this expectation is actually far too conservative.  Here's the same information, on a log chart, instead of a linear chart.  On a log chart, each "line up" increase is a multiple.  Note, a compound growth rate on a log chart appears as a straight line, and not a curve.  Note, in the 1970's, the moves up were even steeper than this particular "prediction".

I realize that this "line" is not how markets behave.  There will be ups and downs, violent ones, along the way.  But I just don't have any ability to predict such short-term price trends.  I only see the long trend.  Nothing moves up in a straight line!





And yet, this prediction of $40,000/oz. gold is conservative for the following reasons.

1.  As noted, my expected "line" is less steep than the rise of gold in the early 70's and late 70's.   And the fundamentals actually point to a much steeper rise in the future than we experienced in the 70's.

2.  It does not take into account any additional inflation (paper money creation) that will likely take place between 2005 and 2020.  Yes, that's right, $40,000/oz. could happen if they stopped all money creation today, and for the next 15 years.  But with Bernanke at the helm of the Fed, we will see massive continued inflation.

3.  It does not take into account the vast amounts of money in the bond markets, (which is also money) and a competing investment with gold.

4.  It does not take into account that many other nations have paper money, both U.S. dollars and their own currencies, that they will want to sell to buy gold, thus creating a worldwide bull market in gold prices.

5.  It does not take into account human behavior, which is that people will move into gold more and more as the fraud of paper dollars and the entire dollar system continues to be exposed.  Also, as gold moves up, more and more people will recognize the trend of gold is up, since 30% annual returns (the conservative figure) are hard to ignore.

6.  It does not take into account that the dollar could actually go to its intrinsic value (of slightly over zero), which is that pre-printed paper (money) is worth about the same as scrap paper, such as used newspapers.

So, taking those factors into account, gold could rise to $100,000/oz. if we account for most bond money moving into gold.  Further, gold could rise to $1,000,000/oz. if we assume that the money supply will rise another ten fold in the next 15 years.  Further, gold could rise to well beyond a million dollars an oz. if we assume people will be driven by mass psychology.  And finally, gold could rise to infinity dollars if dollars will not purchase any gold at all.

Surprisingly, the next chart, taking nearly everything into account, does not look too much different than the previous one. The major difference appears to be only the final price, but it's that low only because you can't really design a graph that takes the dollar gold price to infinity dollars per oz., implying that dollars become utterly worthless.  So, even the next chart is conservative, because gold could rise higher, and sooner than the following if the dollar dies sooner than 15 years from now.






I think it is rather important to note that these are not really true growth rates.  They are actually decay rates.  They show the dollar decaying.   Gold's value cannot grow to infinity, but a dollar's value can decay away to nothing.  So, I'm not saying that gold will have infinite value.  I'm saying dollars will become worthless. 

An oz. of gold, when it becomes widely used as money again, will probably have a value similar to what it had in historic times.  An oz. of gold may be worth about a year's salary for a clerk, or may buy a modest home, and will be far, far too expensive for the average man to even have one ounce of gold.  And therefore, for most monetary transactions (less than the modern equivalent of $40,000/oz.) we will need silver.


Silver


Due to the apparently impending silver shortage, Ted Butler at http://www.butlerresearch.com believes that silver will never be able to be used as money again, because silver will be too rare and too valuable.  (I know, because I've asked him.)  I think this is unrealistic, because you can always divide silver (or gold) into smaller and smaller pieces.  It may be that a gram (1 troy ounce = 31.1034768 grams) of silver will be worth the modern equivalent of about $100-$200, and that could be achieved through electronic banking such as e-gold, or goldmoney, or E-silver!  And for physical transactions smaller than that, copper could be a suitable substitute.  This would imply a price of $3110/oz. -$6220/oz. for silver. 

I respect Ted Butler a great deal, but there is one other key point about silver that I think he sometimes misses.  Since he analyses silver mostly as a commodity and not money, I think he forgets that monetary demand for silver can increase as silver and gold prices rise.  Rising prices will not reduce demand for silver, rising prices can create increased investment and monetary demand (because investors seek out returns, and because investors like to escape losses in devaluing dollars.)

I can understand why Ted Butler may not see things this way, since it is a difficult concept to understand, and not really even taught in economics.  In economic theory, there are two terms, "Veblen good" and "Giffen good", both of which describe an item that "may theoretically exist" that people may want more of as the price rises.  I believe gold and silver will be listed in the descriptions of "Veblen good" and "Giffen good", years from now, perhaps during the major bull move up in precious metals.

http://en.wikipedia.org/wiki/Veblen_good
http://en.wikipedia.org/wiki/Giffen_good

So, I actually expect that silver could reach a ratio of 5:1 to gold, due to the shortage of silver, and increasingly high investment demand for both metals in general.  In that case, 5 ounces of silver would be worth a year's salary, or a modest home, or about 1/5th of today's $40,000, or about $8000 of today's money (not counting future inflation.)  In such a scenario, I would expect that the silver miners would have the most profitable businesses in the world, as was the case: 

As the New York Times, January 11, 1859, page 2 said---
"It is well known that the most colossal fortunes the world ever saw have been based on silver mines in Mexico."
--quote found by Charles Savoie

There are simply too many doomers and gloomers who think that if gold and silver go up, it will be bad for the economy--because that's what we've been taught by the central bankers who run everything.  But that's nonsense!  A high silver price creates wealth, but not for bankers, but for mine owners!  Gold is a pure luxury item.  How could it possibly hurt the average man if it's price goes up?  Ask yourself, who would be hurt by higher gold prices?  Only bankers, paper money counterfeiters, and gold debtors!

Today, many are concerned by higher commodity prices, as if China somehow will continue to devour all the copper on earth.  Today, silver is produced as a byproduct of copper mining.  Historically however, copper was produced as a byproduct of silver mining!  If silver goes to the modern price equivalent of $8000/oz., it will not necessarily "collapse society" or "kill trade", or cause "mass violence".  On the contrary, super high silver prices will spur a mining boom, which will create plenty of high paying mining jobs, and will produce an abundance of excess copper (and lead and zinc) in the process!

See: Rising Gold Prices Will Help The Economy - 02 December 2003
http://www.silverstockreport.com/essays … onomy.html

And after a generation, perhaps, of a silver mining boom, silver prices may drop back down to the historical ratio of about 15:1 or 10:1 to gold.  But now it's time to see silver rise to about $8000/oz. on a chart!  This is a linear chart, showing silver compounding at 50% annually, starting in about 2006.  Interestingly, you can't even see silver prices begin to rise on the chart until about 2010! 





Do not wait until after silver starts compounding at 50% per year for 5 years in a row to start investing in silver!  No, rather, you should start investing as early as possible, and you should not really care whether silver is $7/oz., or $9/oz. or even $25/oz.  Anything under $100/oz. is probably a bargain for silver. 

Now, before you email me to tell me that I'm crazy, please consider four things:

First, Asian central banks have $2.6 trillion U.S. dollar reserves, just in central banks, not including private dollar ownership, and not including their own paper wealth.  At $500/oz., all the gold in all the world is valued at $2.5 trillion dollars, and the annual trading volume of gold is about $80 billion.  If anything like 1/26th of Asian central bank dollar reserves tries to buy into the gold market, physical trading volumes will double.  About 5000 tonnes of new buying will completely overwhelm a 5000 tonne annual market that is manipulated to the downside by the selling and leasing of about 1500 tonnes of central bank gold per year.

See: Central Banks now buying Gold
http://www.silverstockreport.com/email/dec8th.html

Second, every paper currency that was ever printed in the history of the world eventually was devalued all the way to zero.  Ask yourself:  Are you are 100% sure that it cannot, ever, happen to the dollar?    And ask yourself if the cost of making war on all of Asia, to defend the dollar and prevent all people everywhere in the world from buying gold, is really feasible?  And if the U.S. printed up money to pay for such wars, wouldn't that destroy the currency even faster? 

Third, what would happen if interest rates were raised to above 30%, to provide the kind of returns that would actually compete with gold's returns--to entice people to sell gold for bonds?  Even though the paper printing masters can print paper fast enough to pay off such loans, wouldn't that kind of inflation just drive people away from the dollar even faster? 

Fourth, if you are afraid that gold is going to rise, why not buy gold? 

As for me, I'm not afraid of gold or silver rising, nor am I greedy for it.  I'm just confident it will happen, because there are many fundamental differences between paper money, and gold.  You can read about that in the first section of my e-book:

10 Reasons why it's always good to own gold (gold is money & why it is money).
http://www.silverstockreport.com/ebook.htm

My thanks go out to Nick of http://www.sharelynx.com/ who produced the charts for this report.  Nick has many other excellent charts that show many different fundamental issues pertaining to investing and particularly gold.

THANKS EVERYONE   AND CHECK THE GRAPHS
TS

Last edited by TruthSeeker (2006-02-12 21:36:57)


SILVER IS THE ANSWER-GET YOUR FREE ACCOUNT- https://www.498.phoenixdollar.com

Offline

 

#32 2006-02-13 15:04:37

google
Member
Registered: 2005-12-01
Website

Re: Buy silver!

TruthSeeker wrote:

I believe that paper money will be destroyed, and that gold and silver money will once again be restored as money worldwide.

TruthSeeker wrote:

If silver is headed above $200/oz., it does not really matter too much if you buy silver at $8 or $9--it is far more important to actually have silver, and sell paper money, before the price of precious metals begins to really skyrocket.

These 2 statements seem contradictory to me.

If paper money becomes worthless why would I want 200 dollars an ounze for silver ?

I guess the idea is to own the gold or silver and not shares since the shares trade in dollars.


On the other hand, we pay the mortgage in dollars.

We can just pay the bank the useless money as the mortgage contract states.

Offline

 

#33 2006-02-18 22:00:25

TruthSeeker
Member
Registered: 2005-12-17

Re: Buy silver!

google wrote:

TruthSeeker wrote:

I believe that paper money will be destroyed, and that gold and silver money will once again be restored as money worldwide.

TruthSeeker wrote:

If silver is headed above $200/oz., it does not really matter too much if you buy silver at $8 or $9--it is far more important to actually have silver, and sell paper money, before the price of precious metals begins to really skyrocket.

These 2 statements seem contradictory to me.

If paper money becomes worthless why would I want 200 dollars an ounze for silver ?

I guess the idea is to own the gold or silver and not shares since the shares trade in dollars.


On the other hand, we pay the mortgage in dollars.

We can just pay the bank the useless money as the mortgage contract states.

HEllo
First of all my post was a quote from a J.H silvestock report. links are provided above.

When you go and analyze the HISTORY of Banking (by the way it was created by the BANKSTERS themselves to fool the masses) you will see that every fiat currecy oficially failed or eventually changed to another.

Regarding silver and its shortage and price manipulation please refer to http://www.butlerresearch.com/archive_free.html

When you are holding physical precious metals in your hand you are converting(freezing) hard earned dollars(which are now actually worthless) into something that has value.  YOU DO NOT WANT TO BUY SILVER AT $200.00, You want to BUY IT now,before the price goes up.

You have to understand that the fiat system is completely controlled and THEY will use it as lond as thy can make money. Next they will switch to sth else that will allow them to MAKE money.

http://www.the-moneychanger.com/entry.phtml

http://www.advancedhealthplan.com/economy.html

http://www.geocities.com/ministryofdrea … rive8.html


ALSO it is VERY important to notice the following (REMEMBER FDR and 1933)

http://bellaciao.org/en/article.php3?id_article=10012


QUOTE

Homeland Security To Confiscate Bank Safe Deposit Box Contents
4th February 2006 - 05h02 - Posted by 85.***.4.**
Hi everyone from Russia. Iím a native russian living in Moscow and really worried what is happening in US just because I hate governments and presidents doing these thing to their people!!!!
Just one interesting fact, which doesnít mean anything by itself - but I canít help the feeling that everything whatís happening has happened before. Donít be surprised too much... We had exactly the same in 1998 in Russia and similarity of cercamstances is realy amazing.
1) In march 1998 few business magazines has published the info that the pyramid of russian state debth is about to collapse.
2) In June 1998 the old prime minister (who actually built that pyramid) was retired and the younger one has arrived.
3) In august 1998 it happened and Ruble lost 3/4 of itís value within a week.
You have two first components in place already. Guess who is that "old prime minister" in your case smile Alan.... G..You name it.

Reading your conversation, I must say Iím so glad that there are people like you in US. People who think "out of the box"! Iím sure that America will be fine as long as such thinking people as you guys are around. Donít worry too much.... Youíll find the way through! Iím with you with all my heart and soul and thanks for useful information

Yuri

ENDQUOTE

THanks and good luck.
TS


SILVER IS THE ANSWER-GET YOUR FREE ACCOUNT- https://www.498.phoenixdollar.com

Offline

 

#34 2006-05-09 16:58:45

Mahatma
Always Outnumbered Never Outgunned.
Registered: 2006-04-19

Re: Buy silver!

Could someone help me out here. Might aswell start investing instead of pissing away my money.

1. How does one go about selling a silver coin when one needs to? Can you walk into any old bank and say 'Buy this' and get some money?
2. There are a few 1 kilo Silver coins on ebay. Pros and Cons of one big fat coin?
3. All these roman coins about, how much worth do they have? 999/1000 are the top quality, so these roman coins are about ???

Thanks


"Violence solves everything. If it's not solving your problems, you aren't using enough of it."

Offline

 

#35 2006-05-09 21:10:13

heandras
Member
From: Germany
Registered: 2004-12-06

Re: Buy silver!

1. The first place to go nowadays is Ebay, I think. I can only speak for Germany... The banks here are staring at you as if you were an alien if you ask for precious metals. I don't think you can walk in and expect them to exchance that piece of metal to "fiat money". But there are dealers who have specialized in precious metals and coins, who buy it. The downside is: the buy-sell spread is quite large. But anyway... I would not buy a lump of metal if it would hurt you financially if it would completely lose its value. At least, I handle it this way. Precious metals ultimately are as worthless as paper money or numbers stored on a bank server. Hm, maybe they are more convincing in claiming to be of value wink
2. Ebay prices are not the lowest on the market (at least here). Again I suggest coin dealers. Pros of coins are, that they are usually declared as work of art and not as investment in contrast to gold- and silverbars. Therefore it is hard for governments to prohibit the possession of it in case of a financial crisis. But not impossible. The con of large coins is that you have to sell it as one piece.
3. What roman coins are you talking about? Ancient ones?

Last edited by heandras (2006-05-09 21:11:55)


A man is born gentle and weak. At his death he is hard and stiff.
Green plants are tender and filled with sap. At their death they are withered and dry.
Therefore the stiff and unbending is the disciple of death. The gentle and yielding is the disciple of life.

Offline

 

#36 2006-05-09 21:28:54

tenetnosce
Another You
From: The Singularity
Registered: 2005-09-23

Re: Buy silver!

I haven't used eBay to purchase precious metals and I don't have any Roman coins, so I can't comment on that.

I suggest to use a coin dealer who also carries bars and rounds.  Rounds are coins that don't enter general circulation as they are not minted with a dollar value.

Coins and bars can be exchanged for cash at the coin dealer.  You can also exchange them for goods and services with other people, just like paper money.  The trick to that is finding somebody who recognizes its value.  So for now, it is unlikely that you can show up at the grocery store and pay in silver. . . but perhaps a local farmer will give you some produce for that same coin.

Keep your precious metals as far away from the bank as possible.  That includes storing them in a safe deposit box.

Last edited by tenetnosce (2006-05-09 21:30:45)


It is not for us to understand love, but simply to make space for it.

Offline

 

#37 2006-05-09 22:42:49

Mahatma
Always Outnumbered Never Outgunned.
Registered: 2006-04-19

Re: Buy silver!

It'll cost me 12 pounds an oz to go to a coin dealer yet only 7 pounds an oz on ebay. As i mentioned earlier, there is 17.5% tax on silver in the UK, so if i were to buy a few kilos i'd go to somewhere with no tax (how is the silver tax in germany Heandras?).

Jackpot Englanders!  http://www.guernseymint.co.uk/bullion-bars.htm

How do I smuggle through customs? If a thousand immigrants can make it through i shouldn't have a problem with a couple small bars right?

I hate the banks, I'll stay clear. But again, who buys this stuff and how do i sell it?


"Violence solves everything. If it's not solving your problems, you aren't using enough of it."

Offline

 

#38 2006-05-09 23:12:19

tenetnosce
Another You
From: The Singularity
Registered: 2005-09-23

Re: Buy silver!

Mahatma wrote:

But again, who buys this stuff and how do i sell it?

Mahatma,

People all over the world buy and sell precious metals every day.  I would suggest you do some more research before you start throwing your money around.

Here are a few sites I recommend.

www.kitco.com
www.goldismoney.com
www.goldseek.com
www.silverseek.com
www.investmentrarities.com
www.urbansurvival.com


It is not for us to understand love, but simply to make space for it.

Offline

 

#39 2006-05-10 15:33:06

Barefoot Doc
Member
From: England
Registered: 2005-04-20

Re: Buy silver!

Mahatma wrote:

It'll cost me 12 pounds an oz to go to a coin dealer yet only 7 pounds an oz on ebay. As i mentioned earlier, there is 17.5% tax on silver in the UK, so if i were to buy a few kilos i'd go to somewhere with no tax (how is the silver tax in germany Heandras?).

Jackpot Englanders!  http://www.guernseymint.co.uk/bullion-bars.htm

How do I smuggle through customs? If a thousand immigrants can make it through i shouldn't have a problem with a couple small bars right?

I hate the banks, I'll stay clear. But again, who buys this stuff and how do i sell it?

The 17.5% vat does not apply to second hand silver bought in private sales like ebay. My tip is look out for old silver coins which may have a lower silver content say .925 or even .500 but can be often had for around the intrinsic price of silver or less, for example i bought some old silver British .925  coins of ebay and got  3.5 oz of pure silver content for just  £19 recently with silver at around  £7.60 per oz it was a good buy.

This dealer sells 1 oz .999 silver coins for around  £10-12  but you could easily re-sell them on ebay for the same price you bought them for so would not worry too much about the VAT.

http://weightoncoin.com/store/index.php … 4e696a13b1


Its not like we are fractions of the whole but rather versions of the whole.

Offline

 

#40 2006-05-10 18:39:10

tenetnosce
Another You
From: The Singularity
Registered: 2005-09-23

Re: Buy silver!

google wrote:

Does anyone know a stock that I can buy that is related to the value of silver ?

ie.

Can I buy silver through the stock market ?

As of 28 Apr 06, you can now trade silver electronically in the public market, as an ETF (Exchange Traded Fund).  Every "share" represents 10 oz of silver, according to my understanding.

Many pros and cons to be debated. . but just wanted to let everybody know that it is possible.

Last edited by tenetnosce (2006-05-10 18:40:47)


It is not for us to understand love, but simply to make space for it.

Offline

 

#41 2006-05-11 15:36:32

Mahatma
Always Outnumbered Never Outgunned.
Registered: 2006-04-19

Re: Buy silver!

Thanks for the links I'll get stuck into them later.


"Violence solves everything. If it's not solving your problems, you aren't using enough of it."

Offline

 

#42 2006-05-11 17:14:20

meta-agnostic
Member
Registered: 2006-01-05

Re: Buy silver!

Are you guys watching the "base metal" activity going on right now (i.e. copper, nickel, zinc)?  I haven't read this entire thread thoroughly but I've always had a disdain for fiat money on principle once I learned what it was.  Looks like we could be in for another big monetary shift soon.  Distributing this information widely could have a direct effect on our current situation so think about what you do with it.  I figure this forum is a safe bet. smile

Check out:

http://www.coinflation.com

It relates to TruthSeeker's post about mining above.  The short and medium term consequences could wreak havoc with our coin denominations.  Good or bad for us?  We'll see...

[edited for "effect", not affect.  that was just too much big_smile ]

Last edited by meta-agnostic (2006-05-11 20:23:46)

Offline

 

#43 2006-05-11 17:22:08

meta-agnostic
Member
Registered: 2006-01-05

Re: Buy silver!

Addendum (I try to avoid editing, too close to timeline tampering for me wink ):

If "paper money" really is reduced to its intrinsic value, don't forget that it's 75% cotton and 25% linen.  It's actually cloth money!

Edit for hypocrisy's sake:
If you can't tell, I'm talking specifically about the U.S. system.  I would love to hear more about the volatility of monetary systems around the globe.

Last edited by meta-agnostic (2006-05-11 17:33:05)

Offline

 

#44 2006-05-11 19:58:03

Toad_in_the_Matrix
Child of the Beat
From: a booth in the midwest
Registered: 2004-12-05

Re: Buy silver!

Silver hit $15 today!!! Nice....

Meta-agnostic, with regards to your last post you'll find some VERY clued up people here:-

http://goldismoney.info/forums/

Good crowd too.


All we have to decide is what to do with the time that is given to us.

Offline

 

#45 2006-05-15 01:01:56

troydungeon
Member
Registered: 2005-09-26

Re: Buy silver!

What kinds of silver bars and coins do you guys buy? The "Engelhard" bars seem to be popular on eBay.

Offline

 

Board footer

Powered by PunBB
© Copyright 2002–2005 Rickard Andersson