silver

Most are looking at this market to day trade, which in itself aint cheap and IMHO aint worth it...

I know for a fact its gonna blow to the upside. When? Dunno, all I know is it will.

Averaging down all the way haters haha!

Stack them coins.
 


Greece threatened to leave the Euro and go back to the Drachma according to a German newspaper. This might make things choppy in the short term (who knows yet if it is a good or bad thing for the Dollar) which may affect commodity pricing. This could also be a good thing for the Euro, some of worse off countries leaving the Euro may allow for interest rate increases in the EU.

Greece raised possibility of euro exit-report | Reuters

This may also just be a bluff on Greece's part but this could be a huge bargaining chip for them.
 
Silver is still not correctly priced, either Gold must fall a lot more or silver will naturally go back up.

Asset allocation is everything, speculate and you will get crushed.
 
if silver closes below $33 next week (or today), everyone who bought at $35 or above is going to be fucked...
 
jenzkc said:
if silver closes below $33 next week, everyone who bought at $35 or above is going to be fucked...
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umm, only if they sell. The question is why did they buy it. If they bought it to flip it in what would be like 60 days, good luck on that shit.

i hope comex raises the margins to the moon, anything they can do to get the speculators out will help. I don't care about the price of silver today or next year, so long as its rarity and its ratio to other things (gold, dow, oil) holds true. Silver is the best conducting metal for electricity in the world. That will never change. And it had value long before that fact mattered.
 
lol silver lol
lol gold lol

Watch "The Secret of Oz" from the maker of "The Money Masters" to find out why currency will hopefully never be silver or gold based again.
 
WickedJoe said:
lol silver lol
lol gold lol

Watch "The Secret of Oz" from the maker of "The Money Masters" to find out why currency will hopefully never be silver or gold based again.
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lol fiat currency lol

a quarter from the late 50s / early 60's could buy a gallon of gas then and it still can because it is real money. Even in the 80's when we had just moved off the gold standard, gas was $1 a gallon. This was after the oil shortage.

Holding paper money is for suckers. Read the first 2 paragraphs of this and stop and think for a minute. http://www.thetrumpet.com/?page=article&id=2854

Inflation is not a natural result, its a result of printing money and not backing it by anything. Devaluing currency is morally wrong. It might prove to be necessary given our debt, but it is still morally wrong. In under 100 years we've destroyed 95% of the value of our money, what do you think is going to happen in the next 100 years?
 
conv3rsion said:
lol fiat currency lol

a quarter from the late 50s / early 60's could buy a gallon of gas then and it still can because it is real money. Even in the 80's when we had just moved off the gold standard, gas was $1 a gallon. This was after the oil shortage.

Holding paper money is for suckers. Read the first 2 paragraphs of this and stop and think for a minute. Why the U.S. Dollar Constantly Loses Value | Economy | theTrumpet.com by the Philadelphia Church of God

Inflation is not a natural result, its a result of printing money and not backing it by anything. Devaluing currency is morally wrong. It might prove to be necessary given our debt, but it is still morally wrong. In under 100 years we've destroyed 95% of the value of our money, what do you think is going to happen in the next 100 years?
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I know about all of the arguments you posted. I know you're invested mentally and even physically in them. I've been following the currency debate for a long time. Now go watch the movie i recommended. :)
 
WickedJoe said:
I know about all of the arguments you posted. I know you're invested mentally and even physically in them. I've been following the currency debate for a long time. Now go watch the movie i recommended. :)
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I'll definitely watch it
 
WickedJoe said:
I know about all of the arguments you posted. I know you're invested mentally and even physically in them. I've been following the currency debate for a long time. Now go watch the movie i recommended. :)
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I've followed Bill Still for a while. I've seen his documentaries and listened to him on several radio interviews. I've also read books on both sides of the issue (Web of Debt for fiat, and Creature From Jekyll Island for gold).

The gold VS fiat debate has plenty of arguments on both sides. The way I see it, however, is it comes down to whether you trust the government to regulate the money supply (fiat) or whether you trust the free market to regulate the money supply (gold).

Still's main argument is that a gold-backed currency is open for manipulation. This is absolutely true. BUT SO IS A FREAKING FIAT CURRENCY! Even more so. At least with gold the elite can't completely control and completely own it all. The elite can't print gold. They can only hurt you to a degree. With fiat, they can take over the government and completely control every aspect of the money supply as they have done throughout history. All fiat currencies eventually end up going to their true value of zero.

As far as I'm concerned I would much rather have a gold-backed currency that is manipulated by a small elite than a fiat-backed currency that is STILL manipulated by a small elite AND ALSO manipulated by inept politicians and stupid sheeple.

I really think Bill Still is a sharp man but I think he is completely naive on the fiat issue. There are obviously lots and lots of other points that can be made on both sides and this is all my current take on it. A great topic for discussion though.

As for silver... I doubled down and bought more yesterday :). The fundamentals have not changed. We have more debt and sheep than ever.
 
Nice post slayerment.

slayerment said:
The gold VS fiat debate has plenty of arguments on both sides. The way I see it, however, is it comes down to whether you trust the government to regulate the money supply (fiat) or whether you trust the free market to regulate the money supply (gold).
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This is true. And for me - I trust the U.S. government more for issuing and regulating a fiat money supply than the free market in maintaining a stable environment for gold/silver backed currency. We could go back and forth on whether this is right or wrong but world views are hard to argue against.

My view is that many Monied Interests are the root of all evil. Many will do anything they can to to get a little more money. Morals and collateral damage are not taken into consideration. In a barely regulated pure free market the monied interests have a much easier time doing their damage and reaping the rewards. With regulations and government in the way they have a harder time.. but yes of course it's still taking place.. but to a lesser degree than if government was not there at all regulating things.

Path of Least Resistance: Elites -> Profit/Damage
Path of Most Resistance: Elites -> U.S. Government Infiltration -> Profit/Damage

The path of least resistance will cause the most damage in the long run.

So unlike modern tea-party members or republicans I don't think we should be chanting "less government" all the time, I think we should be chanting "optimal government".

slayerment said:
Still's main argument is that a gold-backed currency is open for manipulation. This is absolutely true. BUT SO IS A FREAKING FIAT CURRENCY! Even more so.
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I'd argue gold/silver supply is much more easily manipulated than a government issued fiat currency. But not all governments are equal. That's why I keep saying I trust U.S. government issued currency more.

Also, gold/silver backed currency makes it much easier for foreign nations and other possible enemies to manipulate our currency than government issued fiat currency.

slayerment said:
All fiat currencies eventually end up going to their true value of zero.
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Since almost all modern currencies are fiat, this is obviously false or unprovable at best.

And this usually only happens to older fiat currencies after that form of fiat currency has officially been declared invalid for taxes and is converted into another form of currency. There is usually a transition. Often one form of fiat will transition into another form of fiat. And that's actually the way it will likely happen from here on out in modern civilization - unless there's a full out apocalypse destroying a significant portion of the population and taking modern civilization with it. Then, I agree, gold and silver coins would be great.
 
All very well stated points WickedJoe. I agree with pretty much everything you said.

In regards to:

WickedJoe said:
Path of Least Resistance: Elites -> Profit/Damage
Path of Most Resistance: Elites -> U.S. Government Infiltration -> Profit/Damage
Click to expand...

I would say that although the fiat route provides more protection from infiltration, it also completely screws the people once it does get infiltrated (which they usually do, or are infiltrated from the start). And the protection that does prevent the elite from infiltrating at the start also serves to protect them from the people once it is infiltrated. There is very little we can do once the fiat money supply is taken over and legally enforced by the government as "lawful money". This is very similar to the concept of a government enforced monopoly.

With gold it may be easier to take over and manipulate the money supply, but at least once it is taken over you can never be completely raped or inflated like you can by a fiat currency. That said, it does still come with its fair share of manipulation.

I think at the end of the day the rich guys are always going to be in control, so it comes down to whether you want to just admit it and minimize their damage by running with gold (or any other commodity money the people choose to adopt), or you want to pretend that's not the case and roll with a government enforced fiat knowing that you will really be raped by the almost complete manipulation once it is taken over. It seems as though the gold people are concerned with the level of manipulation and not the level of time to infiltrate where, conversely, the fiat people are concerned with the level of time to infiltrate and not the level of manipulation.

I vote gold. Again, all my take on the issue.
 
I'd rather keep my money in greenbacks, while focusing on stacking paper doing things i'm good at and have knowledge in.

There are people that have been investing for years and do it as a full time job. I'm not naive enough to think I can compete with these guys. Sure, my dollars depreciate 3-4% a year, but I can lose a lot more than that with bad investments.
 
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