PMS say SS are all manipulators Blyth Masters and JP Morgan are the goodies and all you horders of silver are mad because you like silver and not paper.. Well each to their own..Time will tell who is right! Regards Errol 43
That's a funny article, here's a nugget from it: Are we part of one of the "underground precious metals terrorist cells"?
This is a point I have struggled with since I began stacking, and I have voiced it before on this forum. IMHO, there is a real element of truth in this statement.
Haven't read the blog yet, but the quotes look like comic send-up's. I was listening to an interview on king world news, cant remember who, don't really care. A point he made struck home a bit. He was saying how PM bulls deride paper currency as fiat, in that is has no real value apart from the promise. His point was that if you really pushed it, PMs are fiat as well, in that we all just agree that they have a price. They talk about the cost of mining, but with gold, we are not mining it because we need it, we are mining because we all agree it has value. Fiat. I like the idea that silver has a value in industry, which justifies the cost of production, and sets a floor.
"The price of silver has risen steeply over the last couple of months (from around $26 to $35). This is almost definitely the work of the army of small stackers who are trying to drive the price higher and flip the metal onto unsuspecting public at a higher price." LOL - looks like they're onto us!!
The value of gold/silver is NOT in the fiat price - it is in the amount of goods and services you can get in exchange for the gold and silver. fiat is an extra useless wheel inserted by governments and central banks to faciliate theft through inflation
People like Dawkins and Hitchens used to say that humour and sarcasm (and ridicule) can be a much better than logic in changing indoctrinated people.
goddam hiho can you change your avatar? I went crosseyed just looking at it. It's freakin me out man. Good find Aengrod - good for a laugh anyway.
hehe thanks for the link - will have a grin on my face all day after reading that :lol: How blessed are we to have our (often) elected officials looking out for our interests - makes me feel all warm and fuzzy
http://www.treasurydirect.gov/govt/reports/pd/gift/gift.htm Code: Year Totals 2012 7,629,043.57 2011 3,277,369.23 2010 2,840,466.75 2009 3,063,057.05 2008 2,189,358.89 2007 2,624,862.42 2006 1,646,209.41 2005 1,455,541.65 2004 664,911.25 2003 1,277,423.40 2002 744,675.06 2001 1,645,082.28 2000 1,868,891.93 1999 1,457,510.59 1998 1,535,541.02 1997 955,897.15 1996 1,985,175.10
