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The End Of This Correction Is Nigh: $100 Silver Ahead

Unca Walt

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Chinese do this as well.
Ya gots a point, T.

India is the worst place I've been -- and I have been nearly everywhere on this planet.

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Yes... this below is a toilet.
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the_shootist

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Lancers32

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Holding some metals is a great idea. One day I think they will be priced considerably higher. But don't try to tell me they have been a great investment for all of your available capital in my lifetime.
Widows and orphans holding an SP500 fund are wealthier than those who bought Silver even when J. Smith recommended it in the '60's.
One day maybe in my lifetime Silver will explode in $ price but until it has it hasn't.
 

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The "reserve" currency is absolutely immaterial. I a can post a graph of all the "reserve" currencies, and when they ALL failed.

In the post above, I did not include the French franc. Try to buy a silver coin with some paper francs.

Never mind... I'll post the graph for ya. Lookit... and tell me how to buy anything at all with these "reserve" currencies. They are all bound by the basic laws of economics... no matter what political, religious, or situational setup you have.
View attachment 224602

And here is our World Reserve Currency Settlement Chart <-- The end is clearly in sight:

View attachment 224604

That USD chart looks super bullish. Retest the breakout and we could see a rip your face off move in the Dollar. Sounds crazy but I think it's possible.
 

Lancers32

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That USD chart looks super bullish. Retest the breakout and we could see a rip your face off move in the Dollar. Sounds crazy but I think it's possible.
How dare you.
 

Unca Walt

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(*snicker*)
 

foolsgold

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The End Of This Correction Is Nigh: $100 Silver Ahead​


This should make Andial happy.
 

Lancers32

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Some interesting math going on around here. What currency did you use to buy your house? Pay your bills? Go on vacation? You could have pissed away half the money you made in the stock market and you would still have more than if you went ballz in the metals. Laugh all you want.
 

Casey Jones

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Some interesting math going on around here. What currency did you use to buy your house? Pay your bills? Go on vacation? You could have pissed away half the money you made in the stock market and you would still have more than if you went ballz in the metals. Laugh all you want.
And if you lived in Venezuela, you'd have to pay your taxes, and probably rent (most likely to the government ministry that replaced your landlord) and food costs (if you could find food in the empty markets) in bolivars.

So, would a Venezuelan be impressed if he was told that putting money into some stonk scheme would lead a higher return on bolivars? Would the fact that the bolivar was THE...LEGAL TENDER for society, make it sound to hold?

Of course not. To keep eating, you'd have your wealth in something else and change it out, as you needed to pay what had to be paid.
 

789

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Ya gots a point, T.

India is the worst place I've been -- and I have been nearly everywhere on this planet.
You see, what 5,000 years of silver money can do for you ?
 

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789

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Hyperinflation in the Wiemar Republic ( Germany)
In the past 18 months governments in Europe & America printed up enough money to make Weimar managers blush; yet this paper money only lost 10% purchasing power.
 

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BigJim#1-8

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A friend picked up 1000 Oz at around $16 a year ago, I guess that more than kept up with inflation.
Pretty sure it paid better than a savings account.
 

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No, it was caused by global cooling
Silver disappeared, ignorance of the church of Rome spread. Instead of using copper or clay or wood, or anything, the descended into misery.

Far from cooling, in England wine grew (just check those names of places where today there is no grape)

I gues you never went near Mr. Alison's history book which was used by every silver man to support his point.

As for gold being the life-bood of the industrial revolution; you know full well that it was printing-press bankmoney. Treasury notes would have done a better job and a lot cheaper.

Plundering Asia, South America and stealing gold ---not something to be proud of. The only thing it proved that if the government had issued money before 1500, there could have been prosperity in 1000. It wasn't gold or silver that was needed in Europe, it was money ---and money can be many substance.

_______________
Aristotle, NICOMACHEAN ETHICS (350 BC)

The prodigal man, then, turns into what we have described if he is left untutored, but if he is treated with care he will arrive at the intermediate and right state. But meanness is both incurable (for old age and every disability is thought to make men mean) and more innate in men than prodigality; for most men are fonder of getting money than of giving. It also extends widely, and is multiform, since there seem to be many kinds of meanness.

For it consists in two things, deficiency in giving and excess in taking, and is not found complete in all men but is sometimes divided; some men go to excess in taking, others fall short in giving. Those who are called by such names as 'miserly', 'close', 'stingy', all fall short in giving, but do not covet the possessions of others nor wish to get them. In some this is due to a sort of honesty and avoidance of what is disgraceful (for some seem, or at least profess, to hoard their money for this reason, that they may not some day be forced to do something disgraceful; to this class belong the cheeseparer and every one of the sort; he is so called from his excess of unwillingness to give anything); while others again keep their hands off the property of others from fear, on the ground that it is not easy, if one takes the property of others oneself, to avoid having one's own taken by them; they are therefore content neither to take nor to give.

Others again exceed in respect of taking by taking anything and from any source, e.g. those who ply sordid trades, pimps and all such people, and those who lend small sums and at high rates. For all of these take more than they ought and from wrong sources. What is common to them is evidently sordid love of gain; they all put up with a bad name for the sake of gain, and little gain at that. For those who make great gains but from wrong sources, and not the right gains, e.g. despots when they sack cities and spoil temples, we do not call mean but rather wicked, impious, and unjust. But the gamester and the footpad (and the highwayman) belong to the class of the mean, since they have a sordid love of gain. For it is for gain that both of them ply their craft and endure the disgrace of it, and the one faces the greatest dangers for the sake of the booty, while the other makes gain from his friends, to whom he ought to be giving. Both, then, since they are willing to make gain from wrong sources, are sordid lovers of gain; therefore all such forms of taking are mean.

And it is natural that meanness is described as the contrary of liberality; for not only is it a greater evil than prodigality, but men err more often in this direction than in the way of prodigality as we have described it.

So much, then, for liberality and the opposed vices.


All goods must therefore be measured by some one thing, as we said before. Now this unit is in truth demand, which holds all things together (for if men did not need one another's goods at all, or did not need them equally, there would be either no exchange or not the same exchange); but money has become by convention a sort of representative of demand; and this is why it has the name ‘money’ (nomisma)--because it exists not by nature but by law (nomos) and it is in our power to change it and make it useless. There will, then, be reciprocity when the terms have been equated so that as farmer is to shoemaker, the amount of the shoemaker's work is to that of the farmer's work for which it exchanges. But we must not bring them into a figure of proportion when they have already exchanged (otherwise one extreme will have both excesses), but when they still have their own goods.

=============================
 

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Lancers32

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And if you lived in Venezuela, you'd have to pay your taxes, and probably rent (most likely to the government ministry that replaced your landlord) and food costs (if you could find food in the empty markets) in bolivars.

So, would a Venezuelan be impressed if he was told that putting money into some stonk scheme would lead a higher return on bolivars? Would the fact that the bolivar was THE...LEGAL TENDER for society, make it sound to hold?

Of course not. To keep eating, you'd have your wealth in something else and change it out, as you needed to pay what had to be paid.

Not the reserve currency.
 

Goldbrix

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only lost 10% purchasing power.
BFD , What has it lost since 1923 when a $20.00 Gold Double Eagle had the same value as a $20.00 fiat bill.
It will take at least 90 of those fiat $20.00 bills to buy ONE damn-near worn smooth, culled gold coin today.
Enjoy LOSING 10% of you purchasing power every 18 mos. under this current government.
 

Goldbrix

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Casey Jones

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You see, what 5,000 years of silver money can do for you ?
Silver money did that?

I thought it was India's fascination with socialism, from its 1948 independence.

It was only in the 1990s that true market reforms occurred, allowing growth and prosperity....INCLUDING a sudden ability for the nation to feed itself and even export food.

Of course, Indians being what they are, and trained as they are in the schools that are...they had to ooze back into the Moar-Fair way of life, collectivism.

You believe what you want to believe. The media proxies of the Left and Central Bankers, printing their fiat, want you to believe that sound money is bad-bad-BAD.

They also want you to believe that this new vaccine is wonderful; that 70-year-old drugs just became poison because they showed remarkable aid in recovery from the bio-engineered virus.

They got ALL KINDS of schitte they want you to believe, that's not true but steers you in the direction the Central Bankers and oligarchs want you to march.

Have fun. Sound money bad? Then don't hold any.

I was once as ignorant. I learned better.
 

Unca Walt

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BFD , What has it lost since 1923 when a $20.00 Gold Double Eagle had the same value as a $20.00 fiat bill.
It will take at least 90 of those fiat $20.00 bills to buy ONE damn-near worn smooth, culled gold coin today.
Enjoy LOSING 10% of you purchasing power every 18 mos. under this current government.
Goldbrix... Casey.. I think we are talking to a tree. Or, possibly a troll that has been awakened after a long absence.

Nobody of sound mind could accept the weird diversions given as "reasons" why PM's aren't money, and paper is.

Nobody of sound mind could somehow not assimilate that a suit of clothes in Rome 2000 years ago required the same amount of silver/gold to purchase as it did in 1900, and still again in 2021... and claim it has lost value.

It requires either duplicity or inability.
 

Goldbrix

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They got ALL KINDS of schitte they want you to believe, that's not true but steers you in the direction the Central Bankers and oligarchs want you to march.
it has become quite obvious to me that most of the big money people from Soros to Gates to Koch Brothers, Buffett & Munger, to LeGarde (ECB) and J. Powell ( Fed.) along with the ruling class of most nations have firm socialist ideas for their plan of their NWO.
They want total control over mankind into servitude and slavery.
 

Casey Jones

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Far from cooling, in England wine grew (just check those names of places where today there is no grape)

I gues you never went near Mr. Alison's history book which was used by every silver man to support his point.

As for gold being the life-bood of the industrial revolution; you know full well that it was printing-press bankmoney. Treasury notes would have done a better job and a lot cheaper.

Plundering Asia, South America and stealing gold ---not something to be proud of. The only thing it proved that if the government had issued money before 1500, there could have been prosperity in 1000. It wasn't gold or silver that was needed in Europe, it was money ---and money can be many substance.
The Maunder Minimum. The Mini Ice Age. Check the years.

Grapes grew in Brittanica during the Roman Empire years. It was a later cooling, which JUST HAPPENED to coincide with the Plague and the Dark Ages, where the Thames froze...something it is not normally prone to doing, winters.

If gold or silver are scarce, for whatever reason, their value appreciates, that's all. The argument that we can't use precious metals for money because there's not enough precious-metals, is both disingenuous and the argument of the inflationists, the Central Bankers, who want a currency they can forever manipulate.

And in practicality, they manipulate only one way.
 

789

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The Maunder Minimum. The Mini Ice Age. Check the years.
Yes; check the years !
Dark ages were from 500 to 1500.
Maunder started in 1600.

When Eric landed on New Foundland, he planted wineyard.

The U.S. Monetary Commission of 1877 (made up of silver men and gold men; no greenbacker) reported:
“The Dark Ages were caused by decreasing money, and falling prices. Money is the great instrument of association, the very fiber of social organization, the vitalizing force of industry, and as essential to its existence as oxygen is to animal life. Without money civilization could not have had a beginning; with a diminishing supply, it must languish and unless relieved, finally perish."
No money; no funny.
Only a criminal mind would suggest that gold should be money where there is no gold.
 

789

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Silver money did that ?
Silver didn't do it. India has been a silver country through most of its existence.
Indians themselves wonder why them people behave in such fashion when it comes to dumping and pissing ---even when there is an outhouse, they prefer the field.
I was once as ignorant. I learned better.
Really ?!
 

RebelYell

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Goldbrix... Casey.. I think we are talking to a tree. Or, possibly a troll that has been awakened after a long absence.

Nobody of sound mind could accept the weird diversions given as "reasons" why PM's aren't money, and paper is.

Nobody of sound mind could somehow not assimilate that a suit of clothes in Rome 2000 years ago required the same amount of silver/gold to purchase as it did in 1900, and still again in 2021... and claim it has lost value.

It requires either duplicity or inability.
It's pretty funny from my perspective. I just keep seeing replies to "You are ignoring content by this member".
 

Casey Jones

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Yes; check the years !
Dark ages were from 500 to 1500.
Maunder started in 1600.

Late 1300s. Prior to that, there was the collapse of the central Roman authority - leading to complete loss of value of Roman money, by that time, with very little silver or gold in coins. Hey, but you tell us fiat is the way to go!...

Anyway...there was also the repeated sacking of Rome by the Moslems. That is never good for an economy. And the rise of warring princelings and potentates. Again, chaos doesn't bring prosperity.

Then, the cold period. Without law, without technological growth (yeah, the Romans had that; think their aqueducts). All gone. Life became poor, solitary, nasty, brutish and short.
When Eric landed on New Foundland, he planted wineyard.

The U.S. Monetary Commission of 1877 (made up of silver men and gold men; no greenbacker) reported:

No money; no funny.
Only a criminal mind would suggest that gold should be money where there is no gold.
And only one of questionable intelligence would suggest we reject the millennia-proven money of precious metals, in favor of...what? What fiat are you recommending? How many times does paper money have to be shown to be a tool of criminal sovereign financial engineers? Do you think electronic fiat is going to work better? Just as how the former Roman citizens found themselves without lamp oil or running water, we're going to find ourselves without electricity, once this Grate Reset gets rolling.
 

Casey Jones

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Not the reserve currency.
Is the reserve currency some sort of physical attribute of the dollar?

It's going to be not-the-reserve-currency, and very soon. We've been essentially conquered by Chinese operatives. They just haven't gotten to mop-up and laying down the New Rules. That's a-comin' - and probably in months.

Something else will be the reserve currency - if trade even happens on any sort of large scale. Remember, free and unmolested shipping, was a feature of the Pax Americana. Even the British did not allow that; and you can bet your sweet bippy the Chinese, victorious, will not.
 

nickndfl

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Holding some metals is a great idea. One day I think they will be priced considerably higher. But don't try to tell me they have been a great investment for all of your available capital in my lifetime.
Widows and orphans holding an SP500 fund are wealthier than those who bought Silver even when J. Smith recommended it in the '60's.
One day maybe in my lifetime Silver will explode in $ price but until it has it hasn't.

Silver is good for 100 oz. door stops & wheel chocks when you change the oil in your car. Buy gold. Platinum is cheap right now. It's like they don't want you to buy it.
 

Casey Jones

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Silver is good for 100 oz. door stops & wheel chocks when you change the oil in your car. Buy gold. Platinum is cheap right now. It's like they don't want you to buy it.
Platinum has never been accepted as money.

I'm not sure why; but tradition is hard to fight.
 

Goldbrix

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It's going to be not-the-reserve-currency, and very soon. We've been essentially conquered by Chinese operatives. They just haven't gotten to mop-up and laying down the New Rules. That's a-comin' - and probably in months.
The BIS is planning on changing the SDR Basket. Currently the USD holds the biggest position, but GOLD is not in this present basket. China is the Third major currency behind the USD and the Euro in the SDR Basket.
While Russia is not a member in the SDR Basket it is promoting with China the addition of GOLD to the basket.
If China and Russia are pushing the addition the other nations in BRIICS will be throwing their support to their position too.
It will be interesting when the BIS adds GOLD ( silver will become a minor part too). It will announce the demise of the usd as World Reserve Currency.
Who or what becomes the BMOC ( Big Man On Campus) waits to be seen. Maybe the CBDC, The IMF/BIS Digital, FEDCOIN......
 

Goldbrix

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Platinum is cheap right now. It's like they don't want you to buy it.
Platinum's issues are ONLY Japan uses Pt in their jewelry (wedding bands) to any significant number. It is extremely hard to work. Platinum was replaced by palladium in catalytic converters and with the GREENIES mass push to remove the combustion engine from use, or minimize the usage, the price of palladium will crash to lowest levels .
WHEN ( not if) TSHTF folks will be ignorant of Platinum as it is too easily confused with silver .
HUMANS are hard to move from the KISS process. Man and women understand YELLOW= GOLD, Bright Shiny silvery= Silver.
Not everybody will want to carry around a Scratch Kit and the various acids, or spend the money for electronic testers and a scale.
Just for starts.
 
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Goldbrix

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This discussion relates. Long 1 hour 20. One can go to 1.25 speed and not lose context.
Last 20 min. is what were are discussing:
 

BigJim#1-8

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789

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argument of the inflationists,.
Dear, oh dear; the dissonance !

When, after 1,000 years of unmitigated monetary disaster (thanks to goldite criminal morons), boat-loads of stolen gold and silver were brought to Europe from Asia and America, that was a huge inflation.

In the 1880s, when genuine hard-money men wanted free coinage of silver, and sufficient number of silver coins in existence and in daily use, the mouth-pieces of Rothschild called the hard-money men "inflationists"
 

Goldbrix

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In the 1880s, when genuine hard-money men wanted free coinage of silver, and sufficient number of silver coins in existence and in daily use, the mouth-pieces of Rothschild called the hard-money men "inflationists"
As Rothschild and JP MORGAN were lobbying and buying East Coast politicians to promote GOLD over the Bi-metal plan of most the states west of the Alleghenies.
JP Morgan testified to Congress in 1912 " Money is gold, nothing else".
 

Casey Jones

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Dear, oh dear; the dissonance !

When, after 1,000 years of unmitigated monetary disaster (thanks to goldite criminal morons), boat-loads of stolen gold and silver were brought to Europe from Asia and America, that was a huge inflation.

In the 1880s, when genuine hard-money men wanted free coinage of silver, and sufficient number of silver coins in existence and in daily use, the mouth-pieces of Rothschild called the hard-money men "inflationists"
Heard of the Free Silver Party?

Free as in, free-and-unlimited coinage of silver. YES, that would have been inflationary.

The dollar was backed by GOLD. Coins, which except for gold coins, are just tokens...were made of silver.

Introducing a second metal, a second-rate metal, as a monetary base would have been VERY inflationary. And the Free Silver crowd wasn't doing it to improve banking; they were deliberately trying to inflate the money supply to ease Civil War debt and private farmers' debts.

Paper fiat is specifically TO allow monetary debasement; but there are other ways.
 

Joe King

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Widows and orphans holding an SP500 fund are wealthier than those who bought Silver even when J. Smith recommended it in the '60's.

This is actually pretty easy to check.

Not sure what year in the '60's you are referring to, (not sure who J. Smith is either) but if we use 1965 as a starting point, $100 invested in silver would be worth $1754 today.

In the s&p it'd be worth $26,208.