ChesusRice
Well-Known Member
A couple of speculators named Hunt. Wow you aren't that old or you have no memory of how easy it is to manipulate the price of gold and silver
Gold. GOLD!!!!! Gooooollllllllllddddddd!!!!!!!!
- Thread starter ChesusRice
- Start date
Hey you just figured out why government has an incentive to keep official inflation numbers low, even if they aren't low.
Thanks, I was going to reply to tokes non thinking on this point.
The board is determined by the politicians who get to choose between the candidates that the Fed has already chosen.
The government cannot choose anyone other than the candidates the Fed puts before them. The deck is 100% stacked, the selection process is the wool over the eyes of the public to make it appear that government can exert control.
Anyone who says the Fed is a government agency should read a book called "Secrets of the Temple." The same Book Nancy Pelosi recommended to reporters at the White House.
If the Fed were a government agency then government or congress would have oversight. As it is there is nothing the congress or the president can do to overrule a decision the Fed makes.
Your chart doesn't track the price of silver, I don't know what it tracks because its just a graph with no sourcing so as far as I know you pulled it out of your ass to try and make a point about the price of silver.
Silver was $50 in 1979, your graph says it was $22.
You are a fucking idiot. As usual you make debating you a non effort.
I took your advice and sold all of my Precious Metals for crisp new $100 bills. I then put those bills in coffee cans and buried them in my yard. My hopes are that in 20 years time they will be worth substantially more, or at least have preserved my spending power without me having to actively worry about what investment I need to do next to get a good yield.
If this doesn't work out, then your ideas were flawed, and I lose my retirement and will have to eat cat food while I slowly starve to death.
We already espoused our views on inflation, neither side convincing the other of the superiority of their arguments made.
The actual thread is about Gold, which I can agree is priced according to many things, but mostly its about leveraged naked shorts by bankers who pretend that they actually have 1 billion ounces of gold to trade each day.
Your comment about silver not being one of the best asset classes the last few years seems to be time limited. If we time limit things I can make silver the best asset class in the history of the world.
In the last decade, silver is one of the best asset classes. 500% gains. That beats all stocks, equities and treasuries on an aggregate basis.
One of my biggest factors for buying gold is by looking at who the biggest buyers of gold are, and those buyers just happen to be central banks. All over the world they are buying gold by the hundreds of tons a year.
China is the worlds largest producer of gold, yet they export no gold. China is the second largest buyer of gold in the world, right behind India.
Germany told the Fed " hey we want our gold back." and the Fed said " Sure thing, but its gonna take at least 7 years for us to figure out how to get it to you since we don't have it."
Physical possession of Gold, its the best monetary insurance policy there is.
Your source is Antonio Briganti , a dude from Ohio
Way to go Cheezus.
Everything on the internet is true, especially if its from some guy named Tony from Cincinatti.
sure, but they only recently got them, it takes a few years to get the money makers in deep enough into the woodwork to make all that currency and sell it off as money.
Iran, Cuba and N. Korea are the only countries left without a central bank operating under the rules of the BIS, IMF....
in the Year 2000, the countries without such a central bank were:
Afghanistan
Iraq
Sudan
Libya
Cuba
North Korea
Iran
What countries have we been fighting?
ChesusRice
Well-Known Member
budsmoker87
New Member
cheezus is as useless as he is hopeless in his comprehension
Harrekin
Well-Known Member
Holy Random Graph, Ladyboyman!
ChesusRice
Well-Known Member
Point out where it is flawed?
It does show a run up to price 30 years ago before a plummet and flat prices for 2 decades after that
Maybe it isn't the great investment people think....eh?
MuyLocoNC
Well-Known Member
Really, I sure wish I hadn't bought so much silver. Just think, I could have bought some CD's and made practically nothing instead of the 500% profit I'm still sitting on and the boat, quad runner and multiple vacations I paid for by selling some at $40+/oz. Woe is me.
budsmoker87
New Member
I don't think cheezus is interested in hearing sound rational or logical reasoning behind massive returns people have made on silver investments. that doesn't sit very well with his cognitive dissonance
Harrekin
Well-Known Member
I think he dislikes Ron Paul so much he looks down on everyone with investments in physicals.
It was NoDrama who actually debated me so hard on silver that had me start buying it, I couldn't flaw his arguments and by trying to I discovered that the data shows gold and silver AT LEAST growing above inflation long term.
And I would rate this comment as a blatant logical fallacy.
If Congress amended that piece of paper, it could immediately destroy the entire Federal Reserve System, so obviously the legislation is quite important. Whether or not they're accountable is how you're defining whether it's a government actor or not? On your logic, then, judges who hold lifetime appointments aren't government actors. The Board is supposed to be able to make monetary policy without political interference after its members have been appointed. By installing professionals who aren't dependent on politics to remain in office, we have an agency that's able to think about the long term good, resisting political pressure--which is exactly the rationale for giving judges lifetime tenure. Of course, Board members only get 14 year terms.
You don't seem able to separate the making of monetary policy from the workings of the regional banks, and you're repeating "private corporation" again even though there are no control rights or profits vested in ownership, which is mandatory for every bank in the system.
The United States didn't overthrow the Libyan government, the people of Libya did. If you mean the United States and other countries provided them with assistance in the form of airstrikes, weapons, training, etc., sure. But that occurred after the Libyan government started attacking and murdering civilians in its death throes. Your assertion that this resulted from an attempt to price oil in the African Gold Dinar is absolutely ridiculous for quite a number of reasons: no one took Gaddafi seriously as a statesman in the first place, Libya's oil production was a tiny fraction of world production, and no one else would have priced their oil the African Gold Dinar anyway.
Your claims about life in Libya before the fall are laughable. Why were the people so eager to rebel and overthrow Gaddafi if life was so incredibly good--free electricity, free housing, free food, free healthcare, etc.!
I don't think anyone claimed there was no incentive. In the substantive discussions about inflation numbers, though, you demonstrated that you didn't even know how inflation is calculated year-over-year, so I'm not sure you want to start this discussion again. I remain ready and willing to continue exposing your ignorance for everyone in the forum to see.
Of course, when it gets really bad you just stop replying in the thread and go repeat your garbage claims in another thread. I guess that's the way you like to work.
ChesusRice
Well-Known Member
As pointed out in a earlier thread. I was quite invested in 1 ounce englehardt silver coins had hundreds of them
Cost .60 cents each above spot price to buy and .60 cents below spot price to sell.
Think about it if silver was 5 an ounce it cost me 5.60 to buy and if I wanted to sell I had to sell for 4.40
Look at how flat silver was for almost 2 decades and tell me it was a great investment. I lost a 1.20 an ounce from the start.
Silver spiked before
Silver will plummet again