#874035 - 04/12/0609:24 PMRe: Is Buying Silver Bullion a good idea? Any thoughts appreciated also!
[Re: jtryka]
davidking623davidking623
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Quote: Of course, I agree with a lot of what David is saying, but I think it's important to look beyond the industrial uses. The powers that be have a vested interest in proliferation of fiat currency and perpetual inflation, the hidden "tax" that affects all us poor plebians. They have done a remarkable job of PR convincing most people that gold and silver are mere commodities, with silver having more industrial uses. They have worked hard to completely dispense the truth that BOTH metals are monetary metals, and have been for much of human history. The US dollar was defined in the Coinage Act of 1792 in silver, not in gold:
"...Dollars or Units—each to be of the value of a Spanish milled dollar as the same is now current, and to contain three hundred and seventy-one grains and four sixteenths parts of a grain of pure, or four hundred and sixteen grains of standard silver."
Although it also proscribed gold eagles, half eagles and quarter eagles to be minted, it also included this important provision from Section 11:
"And be it further enacted, That the proportional value of gold to silver in all coins which shall by law be current as money within the United States, shall be as fifteen to one, according to quantity in weight, of pure gold or pure silver; that is to say, every fifteen pounds weight of pure silver shall be of equal value in all payments, with one pound weight of pure gold, and so in proportion as to any greater or less quantities of the respective metals."
This section shows that the founders believed silver to be equal to gold in a monetary sense, though in a larger proportion. Note that there was no such fixed ratio of coins made from copper! Silver is a monetary metal despite what the "experts" would have you believe. Mexico today has a movement to make silver once again money in that nation perennially besieged by inflation of fiat pesos, and the Middle East and India have historically trusted silver as money. Those of us who understand that "silver is an industrial commodity" is a myth will be far more prepared for the current rise in metals prices as faith in government paper continues to wane.
Well put my friend!
I am 44 years old at this time and with all my Silver buying in the last 8 months I came to understand the true meaning of Gold and Silver as monetary values, they have always been and always will be money!!Although I never understood it thru all this time its funny how brainwashed we are as a socieity. Here Paper is money and that is all you know then how do you say otherwise when you really didnt know in the first place and that was all your were taught! Now when I have a 20 dollar bill in my hand I see it for what it is and not what it was PAPER = GOLD OR SILVER my counterweight balance says Silver or Gold your choice paper doesnt even weigh anything and yet it has value becaue the government makes us to believe it does! All I know is our government is a fraud for this as you truly cant print Gold or Silver like you can with Paper! Now the government doensnt even let us know how much they print as with 3M no longer being reported.Trust me I know its a 24/7 operation now as they devalue our paper by the second! not that it really had any value in the first place!
I made a comment the other night to someone, that our dollar was going down in value again tonight! He said to me where do you really get this infomation?He must of thought I meant our dollar against the Euro or the Pound but went on to rave about the euopeans dont want to accept our dollar and join us in the Fiat system and that our dollar was doing just fine! My reply was this: Wow I didnt mean to upset you here but on Friday I could buy a lot more Silver with the Dollar and come this Monday Morning I cant buy as much with my dollars,You really need to take a look at your thinking and learn to think outside the box! He didnt seem to have much of a reply to that!
At any rate with Mexico looking at making the Silver come to life one day thru legislation there it would be a good thing as those people really like Silver as money and you know what so do I
#874036 - 04/17/0612:49 AMRe: Is Buying Silver Bullion a good idea? Any thoughts appreciated also!
[Re: davidking623]
davidking623davidking623
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Silver is going up again (13.31 right now)and I wouldnt want to mislead anyone with a investment,but must ask anyone that is reading this now that I have found a chart that that is similar with the 1979 Silver Chart and the chart we now have going on right now 2005-2006 Chart! I found this to be of such excitment I have now posted this here for the 4th time this evening and would encourage anyone to buy some at least a little of Silver in a physical form not anything that is paper form.If you go buy yourself 7 ounces of Silver right now that will set you back a little around a 100.00 dollars,but at least you will have more than most people around the word would have.I am not recomending the bank here I am just encouraging buying a little of what ever you can afford as it truly is a investment opportunity of a lifetime long term and with this news possibly shorterm for the first time in my thinking! Here is the place to go look at this chart that I speak of as Silver hit 50.00 dollars back then and now Silver is much more rarer than Gold so I wonder what diffrence it could make, WOW, WOW I am excited!!!!!!
Jeff and David, outstanding posts with valid points!
Inflation is simply an increase in the money supply, period! I don't care what kind of convoluted definitions modern day economists place on it, it doesn't change its true meaning.
As the money supply increases w/o any sort of backing apart from confidence in our fiat money system, its purchasing power decreases. Furthermore, the gov't borrows money to pay interest to the FED w/o paying down the principle. This is leading to an exponential increase in our nation's debt. We, as a nation, currently owe many multiples of the actual currency actually in circulation. Furthermore, the US gov't pays the Federal Reserve to do what the constitution empowered congress to do. It is all just a big scam enacted at our expense.
So, of course, silver and gold is a sure bet when hyperinflation is happening. Post WWII Germany people were trading wedding bands of gold for a loaf of bread. Either that or a wheelbarrel full of worthless Marks.
#874038 - 04/17/0601:57 PMRe: Is Buying Silver Bullion a good idea? Any thoughts appreciated also!
[Re: EZ_E]
davidking623davidking623
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Post WWII Germany people were trading wedding bands of gold for a loaf of bread. Either that or a wheelbarrel full of worthless Marks.
In a outside thinking mans way of thinking I have got this covered also! I have wheat in buckets to make into flour.all Water should be a supply to beconcerned with as well as some Oil and some salt sugar and dry yeast.I think I have this one covered also why take chances with your investments and keep lots of gun around with bullits to supply,Still thinking outside the box!
Just keep your stash on the down-low. If and when things do get tough then mobs will have no qualms about robbing your stores.
Just as it is prudent to have six months of income saved it is also very prudent to have a store of food and supplies.
If and when our economy takes a serious downturn, the general populace will make a run on supplies which will not only cause more inflation but will seriously strain the availability of goods.
Quote: Now you guys got me all scared! I feel like I'm preparing for some kind of nuclear war here. Yikes!
History often times repeats itself. Our gov't operates on a debt system that can not continue indefinitely. If someone ran their household or a business like the gov't runs our country then they would be bankrupt and out of business in no time.
#874043 - 04/18/0610:20 PMRe: Is Buying Silver Bullion a good idea? Any thoughts appreciated also!
[Re: MunkyMan95]
davidking623davidking623
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Registered: 01/09/03
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Quote: Now you guys got me all scared! I feel like I'm preparing for some kind of nuclear war here. Yikes!
The reality is we are right next to Iran and they have enriched uranium,they say for for nuclear reactors.Iran doesnt like Israel! It really matters what Bush thinks because we know he isnt pulling out of Iraq in his term!
#874044 - 05/02/0611:11 PMRe: Is Buying Silver Bullion a good idea? Any thoughts appreciated also!
[Re: davidking623]
davidking623davidking623
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Well Silver has been quite a ride and with silver being jerked down by the commercial shorts without anyone buying till it tanked to 11.80 I believe! Silver is the real deal and the Silver ETF is up and running and has already consumed over 20 million ounces of real Silver! Silver is at 14.40 right now and is looking to charge its previous high somewhere in the 14.70 mark 15.00 is the biggest resistance and when it gets there it will be up up again!Are you in or on the sidelines watching?Im in!
