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Business
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Title: Hey - Precious Metals - What's Happening?
Source: [None]
URL Source: [None]
Published: Jul 5, 2015
Author: Chuck_Wagon
Post Date: 2015-07-05 13:22:18 by Chuck_Wagon
Keywords: gold, silver, money
Views: 10938
Comments: 57

Hello there, folks.

I am starting this thread for those who are interested in
'hard money' - call it 'paleo-investing' it you will.

The silver price has apparently been suppressed - for a while.
Many so-called pundits and prognosticators predict that it MAY
soon move upwards.

The purpose of this thread is to keep track of these things.
Participate if you will...

Post Comment   Private Reply   Ignore Thread  


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Begin Trace Mode for Comment # 43.

#1. To: Chuck_Wagon (#0)

The silver price has apparently been suppressed - for a while. Many so-called pundits and prognosticators predict that it MAY soon move upwards.

I'll believe it when I see it - and maybe not even then.

SOSO  posted on  2015-07-05   13:27:52 ET  Reply   Untrace   Trace   Private Reply  


#3. To: SOSO (#1)

Lead would be the only precious metal worth buying and then there is a limit it does no good.

Gold and Silver are only worth something if the economy crashes slowly and recovers slowly. Its controlled by the same people who control paper money. They tell you to buy it while its high and when you can't hold it because you need the money you sell it back to them at a low price. They win all the way around.

Justified  posted on  2015-07-05   13:32:57 ET  Reply   Untrace   Trace   Private Reply  


#18. To: Justified (#3)

Gold and Silver are only worth something if the economy crashes slowly and recovers slowly.

They are only worth something if there is someone who has things you need that is willing to trade for them. In a total market collapse,things like coffee,bandages,medicine,gasoline,and bullets will be more valuable than either.

Let's say for example the entire US economy collapses,which it will one day unless things change.

Then lets say you have 20 lbs of gold stuffed away in a closet. Who in your neighborhood are you going to find who will trade you food,water,clothing,medicine,and comfort items for a few flakes of gold? Or even the whole 20 lbs? You can't eat it,drink it,or defend yourself with it,so what good is it to the average person?

Even fi there were an established price per ounce for it,how many people do you know other than drug dealers that have scales accurate enough to weigh grams and who have access to transportation and markets where he can sell he gold?

Every consumer item,including gold is only worth what people are willing to pay for it.

sneakypete  posted on  2015-07-05   17:02:01 ET  Reply   Untrace   Trace   Private Reply  


#21. To: sneakypete (#18)

I remember some old timers telling me that during the great depression, that the most common item for barter was .22 LR shells. I would have thought eggs, or something similiar. But, eggs did have a rather short shelf life. One of the characteristics of good money is durability.

Stoner  posted on  2015-07-05   17:16:34 ET  Reply   Untrace   Trace   Private Reply  


#23. To: Stoner (#21) (Edited)

I would have thought eggs, or something similiar. But, eggs did have a rather short shelf life. One of the characteristics of good money is durability.

Yup. Durable goods,seeds,water,whiskey,bandages,and other things that don't spoil are always valuable trade items.

So what if somebody wants to offer you 100 for a gallon of gas to run his generator if the gas stations are all closed? Where are you going to buy the gas to replace it,and how important is being able to occasionally run your generator,tiller,cultivator,etc,etc,etc?

One of the characteristics of good money is durability.

Well,the truth is that a 100 dollar bill is not money. It is only the promise of money.

Money can truly be defined as "anything you can use to trade for things you need and don't have."

Gold and silver aren't very useful to most people,and neither is paper.

sneakypete  posted on  2015-07-05   17:21:58 ET  Reply   Untrace   Trace   Private Reply  


#25. To: sneakypete (#23)

" Gold and silver aren't very useful to most people "

Tell that to the Jews that used it, along with jewels, to bribe their way out of Europe when the Nazi's started the concentration camps.

Stoner  posted on  2015-07-05   18:16:25 ET  Reply   Untrace   Trace   Private Reply  


#43. To: Stoner (#25)

" Gold and silver aren't very useful to most people "

Tell that to the Jews that used it, along with jewels, to bribe their way out of Europe when the Nazi's started the concentration camps.

Are you seriously trying to compare a time and place in Europe 75 years ago where it was fairly common for some stores and banks to have scales and buy or take gold dust or silver in trade or buy them,with modern day America where some places don't even want to take cash and only drug dealers have gram scales?

sneakypete  posted on  2015-07-06   9:04:34 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 43.

#52. To: sneakypete (#43)

" Are you seriously trying to compare a time and place in Europe 75 years ago "

Don't be ridiculous. However, you did not put any limitations on your statement. I just merely used a real world example that your statement was wrong.

My example did not cover normal commercial transactions. But in the real world, bribes are made, and gold & silver are very good mediums for such.

Stoner  posted on  2015-07-06 13:53:47 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 43.

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