jetsby10

How to Explain Fiat Currency to Silverbugs

xsuddensam,

but your doctor now has all these fancy high tech tests to confirm that you have a sinus infection. Sure, they charge you $1000 bucks to find it out, but you gotta be sure right? Heh, you can diagnose a sinus infection by pressing on someone's sinuses with your finger, yet people think they need a fancy machine to show them. Furthermore, once they do, they have all kinds of drugs to treat them. Meanwhile, the Hindu's developed a method god knows how long ago to deal with them. You pour salt water through your nasal cavity. All of this should cost around 2 bucks at most.

The standard of living in this country if awful compared to decades ago. A husband and wife both have to work full time to make ends meat. We watch our retirement accounts go up in flames with inflation and a crazy stock market. Oh yeah, and that whole housing bubble thing. Way to make it impossible to buy a house. Good job Greenspan. How well did Rome do when they removed all the silver from their coins? Right now, we are in the process of removing the Zinc from our pennies. With the track we are on, we'll be calling our pre-1982 pennies copper dollars, because they'll have a dollar in melt value.

How to Explain Fiat Currency to Silverbugs

CLH, I'm not even 28 yet. So I could care less who paid what for Silver in 1980.

GDP and the Decline of National Statistics

Well Jason, see if they'll charge you the government inflation rate at the food store and the gas pump. Most of us like to live in the real world.

How to Explain Fiat Currency to Silverbugs

sure, I can live with another 90% in another 85 years. That's about 1% a year. Oh wait, I remember gas and food costing less than half of what it does today in the late 90s. We better slow it down. We shaved off near 50% in the past 10 years. We'll hit your mark 60 years early.

High Prices Cut Demand for Metals

the guy had some good stuff to say. But he really totally ignored the monetary aspect of everything. People are looking to hedge against inflation. They could give a damn about jewelry.

Sorry, There Is No Silver Conspiracy

the price of GLD and SLV have serious disconnects from the actual price of the physical metals. When Silver went down under 13, you couldn't find a single person willing to sell at that price other than Apmex. Wouldn't you know, they were out of silver within half a day. They are still out.

Bear Market Gold

JPB, you must be rich if you could buy enough gold to put in a vault. You're local bank has a safety deposit box that can easily store tens of thousands of dollars worth of gold.

How Unusual Is a Bear Market in Oil?

Bear market? Maybe GM should fire up those SUV factories again. NOT!

Is the Price of Gold Artificially Depressed?

the dollar is strengthening? On what basis? 2% interest rates? Is the trade deficit getting smaller? Is the Federal Government balancing their budget? Is the money supply contracting? The trade deficit is still growing. The Bush administration announced a record amount of spending. Oh yeah, and all those federal bailouts to JPM, BSC, Fannie and Freddie? I can't see a single thing in play that doesn't point towards gold being a good play.

Why Gold Is the New Currency

they've been calling the end of the commodity boom since it started. The boom will be over when we stop hearing about food shortages around the world.

Why Gold Is the New Currency

1 unit of the Dow is that number you see flashing everyday. If the dow is at $5000 and the price of gold is $5000, 1 oz of gold buys you 1 unit of the Dow.

GM May Hit $200 Before Oil Does

PCDN hit it on the money. The US trade deficit and inflationary policies points to a weaker dollar. If someone kept borrowing money from you without paying you back a single dime, you'd cut them off at some point.

Gold's Finest Hour: How to Buy Now

Davy, gold is marching it's way back to that high. Does it get there? Who knows? Does it eclipse it? Maybe. Point is, gold is up 300% this decade. That's a pretty good hedge if you ask me.

Was That a Bottom? Should We Even Care?

in the long term we are all dead. But our children are alive and their children will be too. Keyne's policies only allow us to sacrifice our children's future for our own benefit.

Ron Paul's Investment Portfolio

God forbid Ron Paul park his money into someplace safe. Seriously, Ron Paul has been speaking out against inflation for decades. His portfolio stands to gain money if the U.S. continues inflationary policy. He's actually telling them to defend the currency right now, which is against his portfolio holding. Inflationary policy actually benefits Paul's portfolio, so inflation would benefit him. Bottom line, Paul knows the US is hellbent on inflating, he's not going to stand idle and watch all his money disappear.