Paper Money Shield - PM bulls beware

Discussion in 'Currencies' started by Aengrod, Sep 27, 2012.

  1. Aengrod

    Aengrod Member

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    I'd like to thanks Bron for finding this particular blog - Cheers!

    http://www.papermoneyshield.com/

    ;)
     
  2. errol43

    errol43 New Member Silver Stacker

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    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
     
  3. hiho

    hiho Active Member Silver Stacker

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    every market is a ponzi scheme based on that logic
     
  4. doomsday surprise

    doomsday surprise Well-Known Member Silver Stacker

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    Pretty funny actually - I like the one about blowing up the bank. ;)
     
  5. Diablo21

    Diablo21 Member

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    That's a funny article, here's a nugget from it:

    Are we part of one of the "underground precious metals terrorist cells"? :cool:
     
  6. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    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. :cool:
     
  7. Stedlar

    Stedlar Active Member

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    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.
     
  8. doomsday surprise

    doomsday surprise Well-Known Member Silver Stacker

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    "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!! :D
     
  9. Stedlar

    Stedlar Active Member

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    Actually, having now read it, it is a very well written and thought out blog. Very lolzy
     
  10. thatguy

    thatguy Active Member

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    That's a quote directly from my smsf investment strategy... where's my royalties! :p
     
  11. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    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
     
  12. lucky luke

    lucky luke Active Member Silver Stacker

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    That's the best laugh I'll get all day!
     
  13. goldpelican

    goldpelican Administrator Staff Member

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    Has to be a parody website of Silver Bullet Silver Shield.
     
  14. bordsilver

    bordsilver Well-Known Member Silver Stacker

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    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.
     
  15. Dogmatix

    Dogmatix Active Member

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    What they need is Govt backed gold and silver.

    Just kidding. This while thing is a barrel of laughs :)
     
  16. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    That was a pleasant change, thanks!
     
  17. boyracer

    boyracer Member

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    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.
     
  18. BlackSheep

    BlackSheep Well-Known Member Silver Stacker

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    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 :)
     
  19. hawkeye

    hawkeye New Member Silver Stacker

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  20. goldpelican

    goldpelican Administrator Staff Member

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    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
     

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