Last edited by NoOneButPaul; 11-03-2012 at 03:00 PM.
Proud member of the Silver Liberation Army
2. If physical silver was manipulated, why can I go to gainesville coins right now and buy as much physical silver as my heart desires? Actual "shortages" in anything is rare, rather only higher prices. btw there is never a universale shortage of money(ie medium of exchange/store of value)
3. What gives silver most of it's value is the exact opposite of what gives gold it's value. Why would you want your money as a commodity that will be consumed in the future? You believe copper, nickel, wood, oil are money as well?
4. Yes, I know the GSR hs been all over the place in the past, but why do you pick 16-1? Why is that correct? I will answer your question with another question. Why buy 5oz of silver, when you can buy 200oz of nickel? Point being, volume is meaningless and in fact it would be easier to have to use as little as possible.
Again, why does the 55-1 ratio have to stay? You have too many preconceived assumptions about the future that is misguiding you today. And if the ratio stayed the same, the gains would be EXACTLY the same. That is math.
As I said, I do own silver, but I will not be buying silver in the future. Silver currently moves in the same direction as gold, but at an exponential rate. I will probably start to trade the silver for gold around the $50 level, when I guess gold will be about 1900 or 2000. If I think things are really about to blow, I plan on being almost entirely in gold.
Anyone who doubts whether oil is money doesn't understand the first thing about what has kept FRN's the global reserve currency since 1973. Most of the world's oil is priced only in fiat dollars, making oil a fiat currency by proxy. Oil has an exponentially increasing exchange value derived from the facts that:
a) oil is always in demand;
b) the supply of fiat currency that everyone must acquire to buy most oil from its sources is being exponentially inflated, and
c) constant consumption and ever-limited "current" capacity assures constant, continual scarcity
Because demand for oil is not going away, and because the supply of oil on any given day is truly finite, its value "as money"--even by proxy--only increases as more of it is consumed.
What gives silver its value is an amplification of what gives gold its value for similar reasons. Like gold and silver, copper has been used as money since BCE, and that has everything to do with history, and nothing to do with belief.
Aside from whatever amounts have been lost along the way, MOST of the 'junk' coins--gold, silver, nickel and copper--that were minted but are not in circulation, are still above ground and in existence in coin form. Junk coins are constantly traded and stacked, but most are not being smelted into bullion or sold for consumption elsewhere. The ONLY reason these are not circulating as coinage, and therefore in greater demand as current money, is 100% due to government force, and government meddling.Why would you want your money as a commodity that will be consumed in the future?
If gold was as plentiful as sand on the earth it would be in use everywhere, of course, and I'm sure highly prized nonetheless. But it would also be valueless as money, owing to its lack of scarcity. The fact that a commodity that is used as money may also be 'consumed' as a commodity (not recycled and kept above ground, like gold), amplifies its value as money for that very same reason, as continual consumption is a sure-fire mechanism for continually assured scarcity.
The less of anything that is in demand there is, and the more expensive it becomes to produce, the more valuable it becomes, regardless of its usage (coinage or destructive consumption).
“If ye love wealth greater than liberty, the tranquility of servitude greater than the animating contest for freedom, go home from us in peace. We seek not your counsel, nor your arms. Crouch down and lick the hand that feeds you; May your chains set lightly upon you, and may posterity forget that ye were our countrymen.”
- SAMUEL ADAMS
Negative yield is certainly low yield. It also costs you. I would suggest you rethink that one. If you're in treasuries and cds, when (not if) the value of the dollar drops there's not much to do but bend over.
Bronze arrow heads were once used as money, now that is function there . Dating , Archaic , from around the Black Sea.
I own some 2014 AGQ calls...bought 'em when spot silver was 31.60...position declined by 25% after yesterdays cartel hit...fucking bastards....JPM and company need to be indicted...shorting 180 million ounces is beyond criminal.
Last edited by DFF; 11-03-2012 at 06:58 PM.
Y'know, it would be funny as hell if some well-heeled individual, company, or sovereign government bought 180 million ounces on Monday and requested physical delivery...watching these bastards run for cover would be one of the greatest spectacles ever. LOL
Last edited by DFF; 11-03-2012 at 07:15 PM.