Before You Buy Silver, Remember Grover Cleveland [View article]
Simit-you're missing THE point. We have 7 billion people, those above age 7 are Sick and Tired of manipulated "monies". We are headed to an even bigger barter economy When the US Dollar loses its Reserve status. You're saying another manipulative system will replace the current one, and to the degree we accept it, that's true. However, the tiny Silver market has been Shorted for far too long-some experts-which neither of us here are, say it's been going on since the '80s-I know first hand of market manipulation since late '90s. People are now buying physical PMs in droves. China is setting up, through the China AG Bank, a system like you describe-ALL backed by the Physical-Silver OR Gold-but also allow trading in your paper for physical Silver-contracts will be as small as 1,000 oz Silver, vs. our minimum 5,000 oz here. Manipulation is seeing its way to the door, and, again, the EXPERTS are calling for Silver & Gold Parity-if not Silver being priced at twice the price of gold-market equilibrium will make it so, as Silver is 5x rarer than Gold, and since it gets consumed & gold doesn't, this will only worsen. Just to have gold back the US' official debt of $15 trillion-not the more realistic $200 trillion, Gold would need to be valued at $57,000-Globally? much worse. Silver is headed well into triple digits & beyond, Experts say-at that point, it may become profitable to be recycled. How does your "Gold will be money" price gold? $200,000/oz.-since we are talking globally? No, as the G-8 minus the US postulates, we'll need a BASKET of Commodities to back money to avoid the pitfalls of fiat money-esp. those pesky riots. What say you, Simit? (So far, SA editors have failed to post a single reply of mine-protecting the status quo-to the end!)
Hey now! Michael, both Users-you all have valid points. Yes, Corporate America was selling us out long before the Socialist Kenyan came around with buddy Ben's Printing Press! Bush I and Clinton-the one that doesn't wear dresses in public-got this mess going long ago-yes, we could go back farther, but Slick Willie's accountants make that difficult-turning a huge spending spree into a budget surplus will have that effect. Point is, we let our leaders and corporate America get away with murders-lots of 'em. Only point now is, without Ron Paul getting our country back with the backing of our Collegiate youth & their soon to be informed parents, things will be bad. It might be Hackers&Yuan Central with 1/6th our Defense budget, hacking our greatest designs of Airplanes, Rockets, iPads,etc; Obama & Hillary trying to cause WWIII in the Middle East-with Russia, China, Israel, & others only too happy to join in-should we mess with comparatively innocent Iran (Beautiful people in a beautiful Country, with too much to lose-and yet to give us a valid reason to hate them-well, personally, I had Very lustful thoughts for some of their women-sorry Princess, wish we'd had more time). There's a reason Dr. Paul gets more donations from Active duty Military than ALL OTHER CANDIDATES-Combined-They TRUST HIM-So do I-our last beacon of hope-or it's Belize for me-Ya'all can argue while I get outta Dodge!! Paul or Yuan-I'll take the doc!
Before You Buy Silver, Remember Grover Cleveland [View article]
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