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Asante
Mage


Registered: 02/06/02
Posts: 86,797
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5 silver dollars and a gold necklace is all there is ! 1
#24010250 - 01/14/17 04:33 PM (7 years, 16 days ago) |
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I crunched the numbers and made a visual representation of how much gold and silver there really is for every human alive today.

If you have $50 worth of silver or $900 worth of gold you have your entire world share of the metal.
5 Silver dollars and a gold necklace is all there is!
Thats how scarce it really is!
-------------------- Omnicyclion.org higher knowledge starts here
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Crazy_Horse
I’m Rick James, bitch!


Registered: 08/15/16
Posts: 13,284
Loc: Hampsterdam
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Re: 5 silver dollars and a gold necklace is all there is ! [Re: Asante]
#24011793 - 01/15/17 10:27 AM (7 years, 15 days ago) |
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They are making more all time.
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Ellis Dee
Archangel



Registered: 06/29/01
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Re: 5 silver dollars and a gold necklace is all there is ! [Re: Asante]
#24011938 - 01/15/17 11:21 AM (7 years, 15 days ago) |
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Quote:
Asante said: I crunched the numbers and made a visual representation of how much gold and silver there really is for every human alive today.

If you have $50 worth of silver or $900 worth of gold you have your entire world share of the metal.
5 Silver dollars and a gold necklace is all there is!
Thats how scarce it really is!
Your numbers on the silver and gold are inaccurate. There is actually more above ground gold than silver now. Most silver is consumed by industry and never recovered. People just throw away old computer keyboards (they contain silver)...
And its the hoarding that gives PMs their value. Watch this short video.
-------------------- "If the foundations be destroyed, what can the righteous do."-King Solomon And there was war in heaven: Michael and his angels fought against the dragon; and the dragon fought and his angels,
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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
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Re: 5 silver dollars and a gold necklace is all there is ! [Re: Ellis Dee]
#24013865 - 01/16/17 06:59 AM (7 years, 14 days ago) |
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"It's the hoarding that gives silver its value"?
OK I've thought about it, and I think that's BS. Other than the magic it provides to OP, it has value in terms of electronics, and its cheapness makes it a throw away relative to gold as you point out. It also has value as an antibiotic, the truly effective antibiotic if taken when needed and in moderation. As a skin antibiotic it's tops. So it has clear value there. Jewelry, yeah, ok.
The value relative to paper money is obviously to have something that is tangible in your hand and not just a promise. That also detracts from the value if there is a shit ton of silver just sitting in private hoards. Just keep stacking probably is good advice, but like anything too much of something is probably too much. The other problem is the spread between buy and sell particularly on silver is silly. Greedy dealers, no wonder they love pushing silver. Never really seems to be a real shortage on the physical, as long as you pay their 10% a whack spread.
Then, there's the issue of taxation. We see it in OP's country, hence silver is at a disadvantage relative to gold on that basis alone.
In India, the authorities have essentially banned cash, along with going door to door confiscating gold and jewelry. Kind of makes you want some gold until they come a knocking again. Tough times but is gold really what you want? Maybe you just want another banana after all.
-------------------- Anxiety is what you make it.
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Ellis Dee
Archangel



Registered: 06/29/01
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Re: 5 silver dollars and a gold necklace is all there is ! [Re: LunarEclipse]
#24014016 - 01/16/17 08:30 AM (7 years, 14 days ago) |
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Quote:
LunarEclipse said: "It's the hoarding that gives silver its value"?
OK I've thought about it, and I think that's BS. ...
Watch the short video I posted before you make your judgement. It makes a compelling case based on economic marginal utility. It'll only take a few minutes of your time and you might even find it interesting.
-------------------- "If the foundations be destroyed, what can the righteous do."-King Solomon And there was war in heaven: Michael and his angels fought against the dragon; and the dragon fought and his angels,
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ashfiken
TotalCrazyasshole


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Re: 5 silver dollars and a gold necklace is all there is ! [Re: Ellis Dee]
#24014384 - 01/16/17 11:19 AM (7 years, 14 days ago) |
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Fuel seems to be a good thing to hoard to specially considering money/silver/gold won't keep you warm or cook your meat or run your machinery.(and I'm ahoarder of gold and silver) .fuel and bananas with enough coin to trade 4 other shiz Cheers
-------------------- hmm... "I'm naked and fearless... And my fear is naked." "life isn't worth living without the threat of death" "I got my plans in a ziploc bag, let's see how unproductive we can be" "nobody lives their lives fully except for bull fighters" My Trade List
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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
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Re: 5 silver dollars and a gold necklace is all there is ! [Re: Ellis Dee]
#24015452 - 01/16/17 06:11 PM (7 years, 14 days ago) |
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Quote:
Ellis Dee said:
Quote:
LunarEclipse said: "It's the hoarding that gives silver its value"?
OK I've thought about it, and I think that's BS. ...
Watch the short video I posted before you make your judgement. It makes a compelling case based on economic marginal utility. It'll only take a few minutes of your time and you might even find it interesting.
I did watch it, in full. It made some good points but I don't think having silver stashed away helps it's value. I think silver is priced right based on a lot of factors right now, but as I detailed the stacking aspect is not really helping its value. Why does having a shadow inventory of sellers help value?
-------------------- Anxiety is what you make it.
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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
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Re: 5 silver dollars and a gold necklace is all there is ! [Re: ashfiken]
#24015457 - 01/16/17 06:15 PM (7 years, 14 days ago) |
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Quote:
ashfiken said: Fuel seems to be a good thing to hoard to specially considering money/silver/gold won't keep you warm or cook your meat or run your machinery.(and I'm ahoarder of gold and silver) .fuel and bananas with enough coin to trade 4 other shiz Cheers
I love silver but the notion somebody would trade you anything useful for it is silly. This imaginary barter market with somebody who has wood or gasoline or food and somehow will take eagles in trade is silly. Silver is a bit silly, really. Better than paper money though, to have and to hold. It could really go up too so there will be some time to sell it. Major resistance now at 20 and 26 would be like a wall.
-------------------- Anxiety is what you make it.
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Ellis Dee
Archangel



Registered: 06/29/01
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Re: 5 silver dollars and a gold necklace is all there is ! [Re: LunarEclipse]
#24015640 - 01/16/17 07:31 PM (7 years, 14 days ago) |
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Quote:
LunarEclipse said:
Quote:
Ellis Dee said:
Quote:
LunarEclipse said: "It's the hoarding that gives silver its value"?
OK I've thought about it, and I think that's BS. ...
Watch the short video I posted before you make your judgment. It makes a compelling case based on economic marginal utility. It'll only take a few minutes of your time and you might even find it interesting.
I did watch it, in full. It made some good points but I don't think having silver stashed away helps it's value. I think silver is priced right based on a lot of factors right now, but as I detailed the stacking aspect is not really helping its value. Why does having a shadow inventory of sellers help value?
The hoarding makes it monetary having an infinate marginal utility rather than just being an industrial commodity. That was the point of the video that I took away from it. Thanks for watching it though, the discussion on it is good whether we agree or disagree or agree to disagree.
-------------------- "If the foundations be destroyed, what can the righteous do."-King Solomon And there was war in heaven: Michael and his angels fought against the dragon; and the dragon fought and his angels,
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DieCommie

Registered: 12/11/03
Posts: 29,258
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Re: 5 silver dollars and a gold necklace is all there is ! [Re: Asante]
#24015739 - 01/16/17 07:59 PM (7 years, 14 days ago) |
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High commodity prices disproportionately hurt the poor. Its a good thing that most people don't horde commodities like precious metals.
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Ellis Dee
Archangel



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Re: 5 silver dollars and a gold necklace is all there is ! [Re: DieCommie]
#24015954 - 01/16/17 09:18 PM (7 years, 14 days ago) |
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Quote:
DieCommie said: High commodity prices disproportionately hurt the poor. Its a good thing that most people don't horde commodities like precious metals.
Commodities derive their value from their consumption and of course higher input prices cause all output prices to increase. But gold and silver are not commodities that derive their value from their consumption. Its actually the opposite. They derive their value from not being consumed and being a store of value.
-------------------- "If the foundations be destroyed, what can the righteous do."-King Solomon And there was war in heaven: Michael and his angels fought against the dragon; and the dragon fought and his angels,
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Brian Jones
Club 27



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Re: 5 silver dollars and a gold necklace is all there is ! [Re: Ellis Dee]
#24016469 - 01/17/17 02:34 AM (7 years, 13 days ago) |
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The value of old gold, for instance St. Gaudens is based on the coin grade nearly as much as the current value of gold, I held several St.Gaudens for 6 -7 yeears and sold them for more profit than a stock index would have made. I sold the gold at a good time but not the best time for gold value. On the other hand I got killed when I later sold my collection of Walking Liberty Silverhalf dollars. I knew I would; silver was fucked, and still is. THey were different good grades, and cost me 13 to 23 dollars apiece, but I didn't have any of the rare years. I got 6$ apiece for them and they couldn't care less what year or grade they were. I have no doubt the same coin store is now selling them for year and grade. I was desperate. I had medical bills to pay. I guess I only bought them because they were old beautiful coins. I wasn't even thinking about the current or future value of silver.
-------------------- "The Rolling Stones will break up over Brian Jones' dead body" John Lennon I don't want no commies in my car. No Christians either. The worst thing about corruption is that it works so well,
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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
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Re: 5 silver dollars and a gold necklace is all there is ! [Re: Ellis Dee]
#24016701 - 01/17/17 07:50 AM (7 years, 13 days ago) |
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Quote:
Ellis Dee said:
Quote:
LunarEclipse said:
Quote:
Ellis Dee said:
Quote:
LunarEclipse said: "It's the hoarding that gives silver its value"?
OK I've thought about it, and I think that's BS. ...
Watch the short video I posted before you make your judgment. It makes a compelling case based on economic marginal utility. It'll only take a few minutes of your time and you might even find it interesting.
I did watch it, in full. It made some good points but I don't think having silver stashed away helps it's value. I think silver is priced right based on a lot of factors right now, but as I detailed the stacking aspect is not really helping its value. Why does having a shadow inventory of sellers help value?
The hoarding makes it monetary having an infinate marginal utility rather than just being an industrial commodity. That was the point of the video that I took away from it. Thanks for watching it though, the discussion on it is good whether we agree or disagree or agree to disagree.
It's all good bro. Or Ellis. Anyway, I disagree, silver is really not money right now. It's not. Many don't have it, and are unlikely too. If one is to hoard something that doesn't give it marginal utility, it just means there are piles of it laying around. It's absolutely a price suppressant, or has the potential to suppress prices.
Example, palladium. The Russians have/had a big stockpile which was a price suppressant for years. I'm thinking that pile may be seriously dwindled, based on the price action recently in palladium. Its chart looks fantastic compared to platinum, for example. The palladium platinum ratio has narrowed significantly. Granted there are other factors, but I would have expected palladium to fall in the past year or so and instead its going up. Now, it can go up based on demand, which I doubt, or tight supply, with seems very likely.
Anyway that video made some good points but until silver really is "money" and accepted as such, its marginal utility can't be logically inflated based on a false notion.
-------------------- Anxiety is what you make it.
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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
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Re: 5 silver dollars and a gold necklace is all there is ! [Re: Brian Jones] 1
#24016711 - 01/17/17 07:58 AM (7 years, 13 days ago) |
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Quote:
Brian Jones said: The value of old gold, for instance St. Gaudens is based on the coin grade nearly as much as the current value of gold, I held several St.Gaudens for 6 -7 yeears and sold them for more profit than a stock index would have made. I sold the gold at a good time but not the best time for gold value. On the other hand I got killed when I later sold my collection of Walking Liberty Silverhalf dollars. I knew I would; silver was fucked, and still is. THey were different good grades, and cost me 13 to 23 dollars apiece, but I didn't have any of the rare years. I got 6$ apiece for them and they couldn't care less what year or grade they were. I have no doubt the same coin store is now selling them for year and grade. I was desperate. I had medical bills to pay. I guess I only bought them because they were old beautiful coins. I wasn't even thinking about the current or future value of silver.
Numismatics has and will always be pretty much a giant ripoff by the coin dealers. Maybe you could make the case to pick up some Gaudens that's a beautiful old coin where condition will matter. To pay top dollar for current proof sets seems a bit over the top unless you plan to live forever. I did buy a couple way back at way way lower gold prices, the four coin set. For a while I actually could have sold them for about 8x what I bought them for, including the mark up I paid. With gold at 300 though it wasn't as big of a deal. Anyway at the time the rumor and current reality was that the mint wasn't making the proof coins right then and prices spiked. After gold peaked and headed back down those proof set prices dropped like a stone.
I view it as a collection of a few beautiful coins and not really as a money maker. Were I into going to coin shows and had other coin people I was trading with, maybe coin collecting makes more sense. Otherwise, you get beat up by these dealers like you did. They aren't human when it comes time to taking people's coins who are desperate. They are thieves!
-------------------- Anxiety is what you make it.
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