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Asante
Mage


Registered: 02/06/02
Posts: 86,799
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We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!)
#14024185 - 02/25/11 07:04 AM (12 years, 11 months ago) |
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On november 6 2007 I created and posted the following image:

That caused some lulz at my expense. We are nowhere near Nov 6 2017 yet, in fact we are at about at 1/3 of the journey, and silver is already in that range, at around $33.
And we talked about gold too before and after, such as this 1oz gold bullion coin:

It was going for about $700 at the time and we were on and on about how gold was gonna go up. Today it would easily fetch $1405 - it too has more than doubled.
Seeing a pattern here? We did one doubling. Maybe, just maybe, there will be another before the decade is out. And maybe, just maybe there will be another doubling yet - quadrupling what you put in now.
I'm not the only one occasionally bringing up the topic of precious metals, and in fact I'm not the first one either. Here at the Shroomery, people like Zorbman have been lighting the path for longer than the few years I joined their ranks.
Getting in on the action can be done at any level, from the few bucks it costs to pick up a silver quarter, to.. well, the sky is the limit really.
Its important to know what the gold and silver price is on the day you buy or sell and how much gold and silver is contained, and get the best price thats possible.
If you know what you're doing you might make good trades with a local coin shop or even a pawn shop, and there are other alternatives.
Some simple rules:
--only use money you can afford to part with for years on end. Cutting back on dr00gs and needless expenses and investing the surplus is a good way to assure that. --know your shit and realize theres risk involved. --physical metal only. If you can't physically hold it, you don't own it. Most "paper gold" and "paper silver" are empty promises, theres many times more silver that is promised on paper, than there actually is. Its a have/have not game, like musical chairs. --keep it in a safe place, like a guarded value storage place that rents out boxes but not at a bank because if the shit hits the fan your bullion may not be safe there. --gold and silver are measured in ounces, but they are not normal ounces (28.4gr) but troy ounces (31.1gr). Don't overpay or undersell, know your shit and keep tabs on the current prices, especially when there are big world events.
Everyone who can sacrifice a few bucks can get in, a US silver quarter contains 0.18 oz pure silver and at current prices can be had for about six bucks. Maybe, possibly that will double to $12. Maybe, possibly, perhaps it will double again to $24. If something bad happens to the dollar along the way, theres no telling how high it may go. If a major event takes place, there can be a huge spike, like in 1979 on Silver Thursday when the price of silver jumped from $6/oz to an all-time record high of $48.70/oz in one day, increasing in value eight times.
Remember, do your own due dilligence and really research this for yourself, dont buy into stuff we gold and silver bugs tell you without finding your own facts. Its your decision and the risk is yours and yours alone.
A good point of view is to consider it a lottery, a lottery where the odds are very good, and your ticket will always be worth something.
Have a fine day!
-------------------- Omnicyclion.org higher knowledge starts here
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: Asante] 4
#14024189 - 02/25/11 07:06 AM (12 years, 11 months ago) |
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LOL. At least somethign you've predicted is coming true
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Asante
Mage


Registered: 02/06/02
Posts: 86,799
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: memes]
#14024195 - 02/25/11 07:09 AM (12 years, 11 months ago) |
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Meams! Mah main skeptic man How are you doing?
-------------------- Omnicyclion.org higher knowledge starts here
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koraks
Registered: 06/02/03
Posts: 26,672
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: memes]
#14024196 - 02/25/11 07:10 AM (12 years, 11 months ago) |
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Won't this interfere with any 2012 predictions?
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: Asante]
#14024198 - 02/25/11 07:12 AM (12 years, 11 months ago) |
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Oh i'm not skeptic. I know exactly why gold is rising, and for good measure. But you tout it around like its something to be had in your pocket at all times. Gold is only worth something to you when you trade it for paper money and use that papery money to buy tangible goods that better your current situation - wahtever those needs may be.
Until then, you've just got heavy pockets. 
Personally, I (like most here) don't have excess wealth -- definitely not enough to consider holding it in an illiquid asset. And the small wealth I do accumulate ($70 here, $100 there) is much better spent saved for times when a big bill is due, or something like a car accident happens.
Until I'm wealthy (god willing [joke, i know it has nothing to do with him]), I will have little use for precious metals (and I certainly won't still be here to tell you if i did)
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trendal
J♠



Registered: 04/17/01
Posts: 20,815
Loc: Ontario, Canada
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: Asante]
#14024203 - 02/25/11 07:15 AM (12 years, 11 months ago) |
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I got into silver when it was around $15/ounce, so now my money is doubled
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Once, men turned their thinking over to machines in the hope that this would set them free. But that only permitted other men with machines to enslave them.
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Epilson Lyrae
Armed with hammers


Registered: 04/07/09
Posts: 5,561
Loc: Woody Creek
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: trendal]
#14024215 - 02/25/11 07:22 AM (12 years, 11 months ago) |
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@ Wiccan Are the silver quarters for around $6 available at banks? If not, where do you purchase them and if you are uber poor like me, is that a worthwhile way to collect silver?
-------------------- "Freedom is something that dies unless it's used." H.T. I've come to believe that the heart is the filter of the enlightened mind. Epilson Lyrae
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Asante
Mage


Registered: 02/06/02
Posts: 86,799
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: Epilson Lyrae]
#14024265 - 02/25/11 07:49 AM (12 years, 11 months ago) |
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If you are uber poor, you have other priorities. If its at all possible, economize further on your spendings. If possible, stock op on food - especially if you find yourself eating out or ordering because you dont have food in your home, unexpected guests, stores closed cause you were stoned, or more such very common shenanigans.
My advice to anyone is to have at meast a month's worth of food and drink in your home at all times, and rotate it so it won't spoil. Food prices will go up and buying in bulk saves you a buck right now, so even that is an investment, and potentially a very convenient and tasty one.
You have a special crisis to be prepared for: a bunch of bills piling up on you and you being out of money for weeks until the next paycheck. If your pantry is stocked, eating well at least won't be one of your concerns.
Uncooked spaghetti, macaroni or rice should be possible to get for less than $1 a kilo, comprising some 3500 kcal and 80-120 grams of protein. That makes a fine staple to build a meal from. It's good to have some of that, keeps for at least a couple of years too.
Local coin & pawn shops may have small bullion, and the price may be wrong or right so stay sharp and watch percentages, even the realy small ones.
Outdated local silver coinage is fondly called junk silver and is a valid way to get physical silver. Many people who can afford the big silver bars still opt for junk silver, as it often is possible the get the biggest number of silver grams for your dollar, euro or pound. My own hoard, worthy of a rather small dragon, is comprised for the most part of junk silver, in our former local silver currency.
-------------------- Omnicyclion.org higher knowledge starts here
Edited by Asante (02/25/11 07:55 AM)
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: Asante]
#14024282 - 02/25/11 07:55 AM (12 years, 11 months ago) |
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Quote:
Wiccan_Seeker said: My advice to anyone is to have at meast a month's worth of food and drink in your home at all times, and rotate it so it won't spoil. Food prices will go up and buying in bulk saves you a buck right now, so even that is an investment, and potentially a very convenient and tasty one.
Uncooked spaghetti, macaroni or rice should be possible to get for less than $1 a kilo, comprising some 3500 kcal and 80-120 grams of protein. That makes a fine staple to build a meal from. It's good to have some of that, keeps for at least a couple of years too.
Yep. I do this quite well, I must say (::backpat::)
I buy most of my main meal-comprising items at costco ($12 for 50lb bag of rice). Spaghetti, chicken breasts, deli meat, etc. Eggs I get from farm fresh because they're the same price -- $3.18 for 2.5dozen. And TUNA!
Cheap ass meals are the way to go.
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Epilson Lyrae
Armed with hammers


Registered: 04/07/09
Posts: 5,561
Loc: Woody Creek
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: Asante]
#14024295 - 02/25/11 07:59 AM (12 years, 11 months ago) |
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Dude, I cook all my own food. Use sales and coupons. I don't buy a bunch of processed foods and have a pantry bursting at the seams with dry goods such as beans, rice etc. The staples that will get me through for months should the need arise. And not because I'm afraid of doomsday but just because of how I was raised. I also grow and can/preserve my own vegetables, juices and sauces. And I'm not a 19 year old kid looking to score my next bag of weed. I realize that I'm not the norm for a site like this so I understand your mildly condescending reply. However: You said that there were coins available that would be in reach of my financial situation but my searches only turn up older, more valuable coins. So... What are these silver quarters that you speak of? Thank you.
-------------------- "Freedom is something that dies unless it's used." H.T. I've come to believe that the heart is the filter of the enlightened mind. Epilson Lyrae
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Asante
Mage


Registered: 02/06/02
Posts: 86,799
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: memes]
#14024297 - 02/25/11 08:00 AM (12 years, 11 months ago) |
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And those "cheap ass meals" often are a lot healthier because you're using basic foods mostly, rather than buy processed foods that often are full of crap.
Quote:
costco ($12 for 50lb bag of rice)
$12.. get a 50lbs bag of rice or order a pizza.. choices choices..
-------------------- Omnicyclion.org higher knowledge starts here
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Senor_Doobie
Snake Pit Champion



Registered: 08/11/99
Posts: 22,678
Loc: Trump Train
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: memes]
#14024298 - 02/25/11 08:00 AM (12 years, 11 months ago) |
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Quote:
meams said: LOL. At least somethign you've predicted is coming true
Even if he has only been right about one thing, that still give shim a better percentage than Ben Bernanke
-------------------- "America: Fuck yeah!" -- Alexthegreat “Nothing can now be believed which is seen in a newspaper. Truth itself becomes suspicious by being put into that polluted vehicle. The real extent of this state of misinformation is known only to those who are in situations to confront facts within their knowledge with the lies of the day.” -- Thomas Jefferson The greatest sin of mankind is ignorance. The press takes [Trump] literally, but not seriously; his supporters take him seriously, but not literally. --Salena Zeto (9/23/16)
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Asante
Mage


Registered: 02/06/02
Posts: 86,799
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: Epilson Lyrae]
#14024306 - 02/25/11 08:03 AM (12 years, 11 months ago) |
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Quote:
I realize that I'm not the norm for a site like this so I understand your mildly condescending reply.
It wasnt inteded as such, sorry for that, but its quite common here to have next to no money, but spend a few hundred a month on weed and often order out.
You Sir are prepared and using foresight, my apologies. I edited the post to include the info you need.
-------------------- Omnicyclion.org higher knowledge starts here
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: Senor_Doobie]
#14024343 - 02/25/11 08:17 AM (12 years, 11 months ago) |
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Quote:
Wiccan_Seeker said:
$12.. get a 50lbs bag of rice or order a pizza.. choices choices.. 
Yep. I've literally had this bag of rice for a long ass time. In fact, here's the thread I made when I got it, 14 months ago: http://www.shroomery.org/forums/showflat.php/Number/11140448#11140448
FYI - its about empty.
Quote:
Senor_Doobie said: Even if he has only been right about one thing, that still give shim a better percentage than Ben Bernanke
While I wouldn't expect you to understand that Ben Bernanke's decisions have helped our economy to keep from falling into oblivion (whatchya know about commercial paper?), let me just assure you that its true.

Whose tie is that in Bernanke's Chair? Oh its mine. And yes, i farted in it, a LOT.
But I'm not going to turn this into a bernanke thread - so i'll leave it at that.
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Asante
Mage


Registered: 02/06/02
Posts: 86,799
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: memes]
#14024363 - 02/25/11 08:27 AM (12 years, 11 months ago) |
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I hope you're past that broke phase now Meams, wow.
$12 on 50lbs rice is an epic deal, I'm sure you'll pick up a new bag when this one runs out.
I have a small 3gal storage box on my kitchen counter that I top off with 20lb bags of rice, and a scoop I made from a HDPE vitamin pot that holds exactly 1 portion of rice. Bring water to a boil, toss in as many scoops of rice as you need that day, stir and proceed stirfrying the rest of the food, 10 min later: dinnertime!
-------------------- Omnicyclion.org higher knowledge starts here
Edited by Asante (02/25/11 08:32 AM)
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HuHEN
I am the Owl



Registered: 10/19/07
Posts: 2,495
Loc: Highlands
Last seen: 2 years, 8 months
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: Asante]
#14024376 - 02/25/11 08:34 AM (12 years, 11 months ago) |
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you love to say I told you so.
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Asante
Mage


Registered: 02/06/02
Posts: 86,799
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: HuHEN]
#14024384 - 02/25/11 08:37 AM (12 years, 11 months ago) |
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When in an argument I look forward to be proven wrong, but in this matter, having had quite aome $$ riding on it, yea I'm glad to be right
-------------------- Omnicyclion.org higher knowledge starts here
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HuHEN
I am the Owl



Registered: 10/19/07
Posts: 2,495
Loc: Highlands
Last seen: 2 years, 8 months
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: Asante]
#14024395 - 02/25/11 08:40 AM (12 years, 11 months ago) |
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Basically the whole point of life is too at some point or another be able to say "well I hate to say I told you so" and take the highground and feel all smug.
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Asante
Mage


Registered: 02/06/02
Posts: 86,799
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: HuHEN]
#14024425 - 02/25/11 08:49 AM (12 years, 11 months ago) |
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This is my moment of glory omg
-------------------- Omnicyclion.org higher knowledge starts here
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: Asante]
#14024442 - 02/25/11 08:53 AM (12 years, 11 months ago) |
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Noooooooooope sorry wiccan. profit is not realized until you cash in on that gold. What you're doing now is equivalent to a 12yr old thats super happy that his cock is getting bigger. Aint worth shit till ya use it, bubbadick. Except in your scenario, (with the analogy applied) its only worth shit when you chop off your dick - or portions of it.
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Asante
Mage


Registered: 02/06/02
Posts: 86,799
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: memes]
#14024460 - 02/25/11 08:59 AM (12 years, 11 months ago) |
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Don't worry, "getting rich" isnt my goal, I have distinct plans which I'm working towards one step at a time. In your analogy, I'm growing my dick getting ready to fuck, once beyond a certain treshold I'll for the most part jump ship.
-------------------- Omnicyclion.org higher knowledge starts here
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DieCommie

Registered: 12/11/03
Posts: 29,258
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: Asante]
#14024465 - 02/25/11 09:00 AM (12 years, 11 months ago) |
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Wiccan, you are already rich as hell.
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Le_Canard
The Duk Abides


Registered: 05/16/03
Posts: 94,392
Loc: Earthfarm 1
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: Asante]
#14024470 - 02/25/11 09:02 AM (12 years, 11 months ago) |
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Better be careful in putting all your money in a commodity. Sure it may go up, but it could also crash big-time. I'd be selling about now if I had a lot invested in gold or silver.
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Asante
Mage


Registered: 02/06/02
Posts: 86,799
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: DieCommie]
#14024491 - 02/25/11 09:07 AM (12 years, 11 months ago) |
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Quote:
Wiccan, you are already rich as hell. 
I wish I were.
Almost all my wealth is located in a paralell earth, my hopes are on building a Stargate in my basement out of chicken wire and lots and lots of tin foil 
My cat will go with me: 
ITS GONNA WORK DAMMIT, MILLIONZ HERE I COME
-------------------- Omnicyclion.org higher knowledge starts here
Edited by Asante (02/25/11 09:08 AM)
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DieCommie

Registered: 12/11/03
Posts: 29,258
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: Asante]
#14024505 - 02/25/11 09:12 AM (12 years, 11 months ago) |
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From all the gold and silver you are talking about, you must be in the worlds top 5%. Or at least, in the top 10%.
I would guess that I am in the top 20% of wealthiest people, nothing to be complaining about for sure. But the amount of silver I can afford really makes the discussion moot for me.
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Asante
Mage


Registered: 02/06/02
Posts: 86,799
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: DieCommie]
#14024718 - 02/25/11 10:21 AM (12 years, 11 months ago) |
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Do you have a graph for that? I've looked but couldnt find it
-------------------- Omnicyclion.org higher knowledge starts here
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: Asante] 1
#14024745 - 02/25/11 10:27 AM (12 years, 11 months ago) |
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No, but here's a graph telling why we haven't been hit with the inflation that you kept promising us 
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dwpineal
Psychedelic Artist



Registered: 07/20/06
Posts: 4,667
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: memes]
#14024981 - 02/25/11 11:24 AM (12 years, 11 months ago) |
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Soooooo out of curiousity, could I just go to a bank and ask for $100 in quarters and then go through them all and see if any of the quarters are dated 1932-1964, remove those, re-roll go back and get more quarters????
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Asante
Mage


Registered: 02/06/02
Posts: 86,799
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: dwpineal]
#14025037 - 02/25/11 11:40 AM (12 years, 11 months ago) |
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Technically yes.
In proactice though, there will be a fee involved and the numbers of silver quarters you will find will be very low - so it remains to be seen whether its profitable, will break even, or is a loss.
Probably a loss, theres better uses for your time. Time spent sorting quarters should be counted as work time. Theres more lucerative things you can do with your time I think.
Like, your keychains. They are awesome.
-------------------- Omnicyclion.org higher knowledge starts here
Edited by Asante (02/25/11 11:41 AM)
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DieCommie

Registered: 12/11/03
Posts: 29,258
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: dwpineal]
#14025170 - 02/25/11 12:10 PM (12 years, 11 months ago) |
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I havent seen a silver quarter in circulation in years. I would bet that you could get $1000 worth of quarters and not find one.
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dwpineal
Psychedelic Artist



Registered: 07/20/06
Posts: 4,667
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: DieCommie]
#14025177 - 02/25/11 12:12 PM (12 years, 11 months ago) |
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Yeah I spent some time reading up - seems like a lot of work there! Also I saw that searching half dollars is pretty much the only way to go...dimes and quarters are mostly all taken from circulation by now...
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thoughts
imagining.


Registered: 10/06/07
Posts: 16,816
Loc: here.
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: Asante]
#14025219 - 02/25/11 12:23 PM (12 years, 11 months ago) |
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So where are good places to find junk silver?
-------------------- I need Jesus.
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trendal
J♠



Registered: 04/17/01
Posts: 20,815
Loc: Ontario, Canada
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: Asante]
#14025226 - 02/25/11 12:25 PM (12 years, 11 months ago) |
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Just got back from the grocery store...they had some nice 10kg bags of flour for $5.99 
Which brings me to a thought...most of the grocery stores around here all have really good deals on meats and grain products (flour, pasta, etc.) right now. That flour was less than 1/2 price! It's like they are trying to sell off all their stock on the products that will see the biggest jumps in food prices.
--------------------
Once, men turned their thinking over to machines in the hope that this would set them free. But that only permitted other men with machines to enslave them.
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Senor_Doobie
Snake Pit Champion



Registered: 08/11/99
Posts: 22,678
Loc: Trump Train
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: memes]
#14026276 - 02/25/11 04:16 PM (12 years, 11 months ago) |
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That diagram implies that inflation is being slowed by the fact banks are hording money (and making interest at taxpayer expense on that hording).
Yet somehow the price of gold has doubled in 4 years and gasoline is expected to surpass $5.00 a gallon by summer.
You really do believe whatever you are told huh?
You'll make a great broker some day.
-------------------- "America: Fuck yeah!" -- Alexthegreat “Nothing can now be believed which is seen in a newspaper. Truth itself becomes suspicious by being put into that polluted vehicle. The real extent of this state of misinformation is known only to those who are in situations to confront facts within their knowledge with the lies of the day.” -- Thomas Jefferson The greatest sin of mankind is ignorance. The press takes [Trump] literally, but not seriously; his supporters take him seriously, but not literally. --Salena Zeto (9/23/16)
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: Senor_Doobie]
#14026333 - 02/25/11 04:26 PM (12 years, 11 months ago) |
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??
My graph makes sense, your response doesn't.
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Senor_Doobie
Snake Pit Champion



Registered: 08/11/99
Posts: 22,678
Loc: Trump Train
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: memes]
#14026362 - 02/25/11 04:35 PM (12 years, 11 months ago) |
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That's what I mean. You can't understand anything based in reality. You think its perfectly normal and acceptable for the banks to be hording upwheres of a trillion dollars and collecting interest on it. You think it is saving the economy somehow. You are deluded into thinking that because money is being circulated in the market it is invulnerable to inflation yet there is strong evidence to the contrary...i.e. fuel prices and others skyrocketing.
-------------------- "America: Fuck yeah!" -- Alexthegreat “Nothing can now be believed which is seen in a newspaper. Truth itself becomes suspicious by being put into that polluted vehicle. The real extent of this state of misinformation is known only to those who are in situations to confront facts within their knowledge with the lies of the day.” -- Thomas Jefferson The greatest sin of mankind is ignorance. The press takes [Trump] literally, but not seriously; his supporters take him seriously, but not literally. --Salena Zeto (9/23/16)
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marmarlun
!


Registered: 09/25/08
Posts: 346
Last seen: 12 years, 11 months
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: memes]
#14026391 - 02/25/11 04:40 PM (12 years, 11 months ago) |
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Quote:
Senor_Doobie said: That diagram implies that inflation is being slowed by the fact banks are hording money (and making interest at taxpayer expense on that hording).
Yet somehow the price of gold has doubled in 4 years and gasoline is expected to surpass $5.00 a gallon by summer.
You really do believe whatever you are told huh?
You'll make a great broker some day.
....wtf graph were you looking at?
Quote:
meams said: ??
My graph makes sense, your response doesn't.
clearly this.
On topic - this trend will continue until worldwide confidence is restored in a given currency. BUT that may not happen, atleast not any time soon. Either way, its still a gamble (contrary to what the op would like everyone to believe)
but you could do much worse with your cash, thats for sure
Edited by marmarlun (02/25/11 04:41 PM)
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memes
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: Senor_Doobie]
#14026392 - 02/25/11 04:40 PM (12 years, 11 months ago) |
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Quote:
Senor_Doobie said: You are deluded into thinking that because money is being circulated in the market it is invulnerable to inflation
Didn't i just say that money was NOT being circulated into the economy?
WHich one of us is dilusional?
Your'e funny, and cute
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Asante
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Registered: 02/06/02
Posts: 86,799
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: memes]
#14026489 - 02/25/11 04:58 PM (12 years, 11 months ago) |
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Quote:
Didn't i just say that money was NOT being circulated into the economy?
You said that they will gently ease the $1,000,000,000,000 in circulation.
Potayto potahto.
-------------------- Omnicyclion.org higher knowledge starts here
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: Asante]
#14026502 - 02/25/11 05:01 PM (12 years, 11 months ago) |
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You think they're going to "quickly" find a home for 1,000,000,000,000?
Lets say tomorrow the Fed says: Reserve requirement is 50%. Boom. Your scary money just got cut in half.
And thats just one policy tool. They have others. And if those dont work, they can make some up! Like the 5 new lending facilities they set up as commercial paper (among other) markets failed in Fall '08.
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memes
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Registered: 01/11/05
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: memes]
#14026521 - 02/25/11 05:05 PM (12 years, 11 months ago) |
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Always fun to continue this convo with you wiccan. I dont know why we do it anymore - i think its just a formality. Clearly neither of us are going to change our minds.
I've gotta go now. See ya next time
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Asante
Mage


Registered: 02/06/02
Posts: 86,799
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: memes]
#14026548 - 02/25/11 05:09 PM (12 years, 11 months ago) |
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Quote:
You think they're going to "quickly" find a home for 1,000,000,000,000?
If you throw a frog into hot water it will jump out immediately, if you gradually heat the water the frog stays in there till its cooked.
They intend to slowly boil the frog, but thats not gonna work. There are going to be new crises.
Quote:
Lets say tomorrow the Fed says: Reserve requirement is 50%. Boom. Your scary money just got cut in half.
I can has interest monies on $500 billion plz? Whats gonna happen with the interest money? Thats billions a month! Is that not affecting the money supply too?
-------------------- Omnicyclion.org higher knowledge starts here
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Asante
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Re: We hate to say we told you so but... ya we did. (oh snap! Its another gold & silver thread!) [Re: Asante]
#14026558 - 02/25/11 05:11 PM (12 years, 11 months ago) |
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Hey! You owe me the interest over $500,000,000,000
-------------------- Omnicyclion.org higher knowledge starts here
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