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Title: Hey - Precious Metals - What's Happening?
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Published: Jul 5, 2015
Author: Chuck_Wagon
Post Date: 2015-07-05 13:22:18 by Chuck_Wagon
Keywords: gold, silver, money
Views: 10928
Comments: 57
Hello there, folks. I am starting this thread for those who are interested in The silver price has apparently been suppressed - for a while. The purpose of this thread is to keep track of these things.
'hard money' - call it 'paleo-investing' it you will.
Many so-called pundits and prognosticators predict that it MAY
soon move upwards.
Participate if you will...
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Comments (1-16) not displayed.
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#17. To: Chuck_Wagon (#4)
Yup. IIRC,it was two billionaire brothers in Texas that manipulated and destroyed the silver market. They bought it cheap and then their massive buys and the rumors they spread drove the price up,and then they bailed with more billions and the silver market collapsed. The Bass Brothers? Does that sound right? Silver has a lot of industrial uses. It will (most likely) eventually get back up there. Question is: When? (IMO) IMHO it will never go that high again. It's not rare or particularly valuable,wasn't worth that much money back then,and will probably never be worth that much ever. Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012)
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. Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012)
Ok,who will you sell it to? Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012)
No. It was the Hunt brothers. Si vis pacem, para bellum
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.
Si vis pacem, para bellum
No. It was the Hunt brothers. Thanks for the correection. Fishing versus hunting. I was still in the same ballpark! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012)
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. Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012)
Someone that likes silver, like Chuck_Wagon, who has something that I want in exchange? Basically you just have to find someone who wants it. Paper money is even more useless than metal, and people use it all the time.
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. Si vis pacem, para bellum
Hmm, I spent 12 years as a precious metal refiner, as afar as I remember, noble metals are those that need to be reduced by more than one acid, usually Aqua Regia. (Hydrochloric/Nitric) Lead is reduced by nitric and made a to a sulphate with the addition of sulphuric, that's how to remove lead from solution.
Noble metals are Platinum Group metals, and Gold, at least those that I have worked with, have zero idea about uranium etc...
Whoa...I am impressed, DCW :-) And here I'd though the term "noble metals" was just...well, a term.
Except in times where Charmin is in short supply. Or...frankly, which "paper" was used doesn't seem to have mattered since 1992.
Lol, ....ha, ya, Aqua Regia is Latin or something like that for 'Royal Water', because of its ability to reduce noble metals, silver is NOT a noble metal, as it only takes Nitric to reduce it, in fact, the addition of Hyrochoric will cause it to form a protective shell around it. Once it it reduced with Nitric, it's precipitated out of solution with Hydrochloric. Ran through a filter and washed and sent to foundry and made into anodes for further refining using electricity.
Here's a silly song......
Why?
Not true. When the $USD weakens, and it will, PMs will rise. The Patriot Militia, Inc.
Money is merely a medium of exchange. It has taken many forms over the centuries, sea shells, tobacco, fish, minerals, .22 ammunition, etc, etc, etc. But probably the longest serving form has been gold & silver coins. Si vis pacem, para bellum
You assume a slow decay. When the economy drops it will be fast and hard. Pm's will not be all that you think. Stuff that people want will be the commodity.
Because it's real, it's stable, and from the look of the chart is likely to go up even if no major economic collapse happens soon. Fiat paper currency has no intrinsic value, it's all based on CONfidence. Silver is a commodity which will always have value.
A definition of a noble metal is one that is resistant to oxidation and corrosion. Cetainly gold falls into that catagory as it requires Aqua Regia ( a mixture of HCl and nitric acid)for it to dissolve. SOme classify copper as a noble metal but it will readily dissolve in just nitric acid (gives off some very pretty colors when it does). потому что Бог хочет это тот путь
A $5 canadian silver coin will buy you a lot of goods when the paper collapses. Rice, beans, water, fuel, TP, bullets you can stock up on also. A smart man buys at least 2 coins a week as long as the price is below $25. At worst, it is a loss of $13 or so. The Maple dollar will still be worth a 5 spot, and that is a who lot more than a Lincoln will be worth after the world dumps the dollar.
You can't eat silver (or gold or platinum or anything other than food). Currency only has the value that people place on it. If sh*t hits the fan carrots will be worth much more as currency than silver (or gold or platinum.....) потому что Бог хочет это тот путь
Yes, silver is real. However, silver is not stable by any means. Stable means not likely to change or fail; firmly established. Silver has been doing nothing but changing or failing to the down side and losing value. Furthermore, silver in no way can be considered firmly established. You looking at the 5-year Silver London Fix Chart and saying silver is likely to go up is to which something is as probable as misterwhite’s Magic 8 Ball and just look at his results. Of course if you are an expert in Technical Analysis then you may to some degree forecast the future price of silver based on an examination of past price movements. But that will be one huge “may” since the success rate is very small when using Technical Analysis as an investment guide thus proving that Technical Analysis Is stupid. As an interesting side note, take time to read this article that was projecting silver price to increase 400 percent in three years. Note the date on the article is November 2012. With four months remaining, what do you think is the probability of the forecast in the article being correct? That is correct, fiat money has no intrinsic value, but it is still used solely as a means of payment. Fiat money does risk becoming worthless due to hyperinflation. Silver has value relative to what….fiat money? All this is no reason not to buy silver. It only points to a question that cannot be answered. That is, when and at what price? Just looking at a chart will not furnish that answer.
Ding, ding, ding....we have a winner!! потому что Бог хочет это тот путь
Sooner or later the timber wolf will howl...
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? Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012)
I liked New Riders. I think Lonesome LA Cowboy was my favorite of theirs. Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012)
For most of us in the west these days we use plastic and electronic bits and bytes as means of payment. Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012)
For most of us in the west these days we use plastic and electronic bits and bytes as means of payment. And those payment transactions by pieces of plastic and electronic bits and bytes are registered and transferred as fiat money....therefore, using fiat money as a means of payment.
Vodka is a good currency. In real crisis people crave it and you can make it. :) Store sugar, yeast and get some copper equipment.
Not as good as corn whiskey,though. Not personally worth anything to me anymore since I don't drink,but it's damn sure valuable trade goods. So are cigarettes and cigars. For some of the same reasons. Addicts gotta have their fix is the prime one. Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012)
You used the past tense.
And the Sheeple steps on the lizards tail... Saltwater crocodiles, known in Australia as salties, are the most dangerous land reptiles in the world. This is due in large part to their massive size. The largest crocodiles grow to lengths of roughly 20.7 ft and can weigh up to 3,000 lbs, but even the average male crocodile poses a significant threat to mankind. Average males grow to lengths of 14 to 17 ft, and weigh anywhere between 800 and 2,200 lbs.
A number of years ago I watched a documentary on those saltwater
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. Si vis pacem, para bellum
I think it was around 1974 or so that was the last time I remember a new album being put out by them. It was basically started by Jerry Garcia and Bob Weir from the Grateful Dead because they wanted to play some country music and not have to listen to a bunch of crap from their hippy Grateful Dead fans. Jerry is no longer playing in this dimension,and last I heard of Bob Weir he was the Republican Party Chariman for his home county in Montana or one of the other northwestern rural mountain states. No kidding. I'm pinging Mike because he is a huge Dead fan,and he would know. Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012)
Tastes like chicken. Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012)
Thanks for the update. I'm currently 51.
That depends of if you are looking up at that number,or down on it. I still had plenty of energy to get into trouble back when I was just 51. Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012)
Energy isn't really much of a problem - Now, don't get me wrong - I have no wife or kids - so no Yup - that's where my responsibility really lies. My father My little brother? On the west coast. Has the 'responsibilty' So should I go on rambling? Nahhhh... I just woke up.
Was $40-something - now it's $15.
#18. To: Justified (#3)
Gold and Silver are only worth something if the economy crashes slowly and recovers slowly.
#19. To: hondo68 (#16)
Silver looks like a good buy to me.
#20. To: sneakypete (#17)
" The Bass Brothers? Does that sound right? "
#21. To: sneakypete (#18)
#22. To: Stoner (#20)
" The Bass Brothers? Does that sound right? "
#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.
#24. To: sneakypete, Chuck_Wagon (#19)
who will you sell it to?
#25. To: sneakypete (#23)
" Gold and silver aren't very useful to most people "
#26. To: SOSO (#7)
Lead is a noble metal. Some noble metals are also precious metals - the former has scientific justification, the latter just manmade significance. Some may classify lead a precious metal but IMO that's a stretch. However, lead ammo may very well be precious in some instances.
#27. To: All (#26)
#28. To: Dead Culture Watch (#26)
#29. To: hondo68 (#24)
Paper money is even more useless than metal, and people use it all the time.
#30. To: Liberator (#28)
#31. To: hondo68 (#24)
#32. To: hondo68, Chuck_Wagon (#16)
Silver looks like a good buy to me.
#33. To: Justified (#3)
Gold and Silver are only worth something if the economy crashes slowly and recovers slowly.
#34. To: sneakypete (#23)
" Money can truly be defined as "anything you can use to trade for things you need and don't have." "
#35. To: Percy Misanthrope (#33)
#36. To: Gatlin, funny money (#32)
Why?
#37. To: Dead Culture Watch (#26)
Hmm, I spent 12 years as a precious metal refiner, as afar as I remember, noble metals are those that need to be reduced by more than one acid, usually Aqua Regia. (Hydrochloric/Nitric)
#38. To: SOSO (#1)
#39. To: jeremiad (#38)
A $5 canadian silver coin will buy you a lot of goods when the paper collapses.
#40. To: hondo68 (#36)
(Edited)
Silver looks like a good buy to me.
Why?
Because it's real, it's stable, and from the look of the chart is likely to go up even if no major economic collapse happens soon.Fiat paper currency has no intrinsic value, it's all based on CONfidence. Silver is a commodity which will always have value.
#41. To: Gatlin, hondo68 (#40)
All this is no reason not to buy silver. It only points to a question that cannot be answered. That is, when and at what price? Just looking at a chart will not furnish that answer.
#42. To: hondo68 (#36)
#43. To: Stoner (#25)
" Gold and silver aren't very useful to most people "
#44. To: Chuck_Wagon (#31)
Here's a silly song......
#45. To: Gatlin (#40)
hat is correct, fiat money has no intrinsic value, but it is still used solely as a means of payment.
#46. To: sneakypete (#45)
hat is correct, fiat money has no intrinsic value, but it is still used solely as a means of payment.
#47. To: sneakypete (#18)
#48. To: A Pole (#47)
Vodka is a good currency.
#49. To: sneakypete (#44)
I liked New Riders.
Is the band now defunct?
I like them also -
But I haven't been paying attention.
#50. To: Chuck_Wagon (#42)
Sooner or later the timber wolf will howl...
#51. To: hondo68 (#50)
crocodiles. They swim between islands around Australia.
Those things can swim for miles with no difficulty.
I never want to meet one. 
#52. To: sneakypete (#43)
" Are you seriously trying to compare a time and place in Europe 75 years ago "
#53. To: Chuck_Wagon, Ferret Mike (#49)
You used the past tense. Is the band now defunct?
#54. To: Chuck_Wagon (#51)
I never want to meet one.
#55. To: sneakypete (#53)
...1974 or so...
Does that qualify as 'old'?
Middle-aged of course - but certainly not 'old'...
#56. To: Chuck_Wagon (#55)
I'm currently 51. Does that qualify as 'old'?
#57. To: sneakypete (#56)
...plenty of energy to get into trouble back when I was just 51.
nor is the inspiration (to get into trouble) -
I suppose the problem might be motivation
(to get into trouble) - I might lack motivation.
Which might be tied in with the whole 'responsibility'
thing.
responsibility there. I have a sort-of girlfriend -
who's attitude toward me is: "Whatever, you goofball..." -
my father is now gone - but my 81 year old Mom needs my help.
said so before he passed.
to call Mom every 6 months. Maybe.
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