$1000 per ounce before this decade ends!

well i hope my stack is huge by then and well i wouldn't know what to do with the money probably just help some people out who need it?
 
errol43 said:
But how much will a loaf of bread be? Maybe a $100 a loaf?

Regards Errol 43
Click to expand...

flawed argument



Average Cost Of New Home Homes
1930 $3,845.00 , 1940 $3,920.00, 1950 $8,450.00 , 1960 $12,700.00 ,
1970 $23,450.00 , 1980 $68,700.00 , 1990 $123,000.00 , 2008 $238,880 ,
Average Wages
1930 $1,970.00 , 1940 $1,725.00, 1950 $3,210.00 , 1960 $5,315.00 ,
1970 $9,400.00 , 1980 $19,500.00 , 1990 $28,960.00 , 2008 $40,523 ,
Average Cost of New Car Cars
1930 $600.00 , 1940 $850.00, 1950 $1,510.00 , 1960 $2,600.00 ,
1970 $3,450.00 , 1980 $7,200.00 , 1990 $16,950.00 , 2008 $27,958 ,
Average Cost Gallon Of gas
1930 10 cents , 1940 11 cents , 1950 18 cents , 1960 25 cents ,
1970 36 cents , 1980 $1.19 , 1990 $1.34 , 2009 $2.051 ,
Average Cost Loaf of Bread Food
1930 9 cents , 1940 10 cents , 1950 12 cents , 1960 22 cents ,
1970 25 cents , 1980 50 cents , 1990 70 cents , 2008 $2.79 ,
Average Cost 1lb Hamburger Meat
1930 12 cents , 1940 20 cents , 1950 30 cents , 1960 45 cents ,
1970 70 cents , 1980 99 cents , 1990 89 cents , 2009 $3.99 ,
Click to expand...

http://www.thepeoplehistory.com/70yearsofpricechange.html


1970 - 25 cents / price of gold 35$/oz

1980 - 50 cents / price of gold around 800$/oz

Increase:

Bread: 100%

Gold: 2280%+


Nuff said.
 
errol - I have no idea, certainly higher. But bread is not lost as a finite resource - silver is. Bread is renewable, silver consumable. Etc, etc.
 
Aengrod...Great stack of figures which I don't dispute.

However can you put in the debt levels of the USA from 1930 till today.

In the figures given by you, you can see how inflation has been the order of the day 1930/2008.

Today, it may well be different as hyper-inflation may be the only way to pay back the debt.

What do you think?

Regards Errol 43
 
What do I think? Revaluation of PM's is imminent, because of that debt. Hyper-inflation wont be necessary then, all of that debt would be sucked up by gold and silver, life will carry on like usual, its just that no one will be eager to sell their stack and all gold and silver mining companies will be nationalized, as governments wont allow for private individuals to have their own printing press. Mind you that gold and silver will then act like what they always were - store of value, constantly going up.


Rickards, Bass, Sinclair, FOFOA, Another ... they all are seeing the same thing.
 
I be of Irish stock myself.. Now that was a great discussion Anegrod! that the way it should be, play the ball and not the man..

Interesting to hear other SS members thoughts on the matter without calling each other names.

Regards Errol 43

Last post on this topic as I'm off to bed. :(
 
well all i know is that i do not have much money and am sacrificing lots of life's pleasures to buy as much silver as i can and it feels like the right thing to do, remains to be seen if i am nuts or not, just have to do it !!

why do this to myself live tough now in the hope my buying silver will give me what i want in the long run?

i have no logical answer but i am driven to do it :)
 
Same here, I stack as much as I can. I feel when the masses of folk out there holding fiat savings all of a sudden want PM's and they will do in the very near future I will be able to swap my stack for the things that I can't afford in life at the minute!

The EU is in big trouble at the moment, not even talking about the rest of the World. When the Euro currency collapses, which it will do, then that will be the starting pistol to the biggest bull market ever seen!! I am in it until it rockets, does not matter if the price of silver dips in the 20's, as it will sky rocket in the coming months/years!!!!
 
errol43 said:
I be of Irish stock myself.. Now that was a great discussion Anegrod! that the way it should be, play the ball and not the man..

Interesting to hear other SS members thoughts on the matter without calling each other names.

Regards Errol 43

Last post on this topic as I'm off to bed. :(
Click to expand...

Thats about me o.O?

If so I never insulted you, at least I dont think I did.
 
Silver Bullion Boy said:
The EU is in big trouble at the moment, not even talking about the rest of the World. When the Euro currency collapses, which it will do, then that will be the starting pistol to the biggest bull market ever seen!! I am in it until it rockets, does not matter if the price of silver dips in the 20's, as it will sky rocket in the coming months/years!!!!
Click to expand...


Thats exactly why Euro WONT collapse, so far its the greatest gold re-valuating currency on the planet. That was its purpose from the very start.

About EURO from very mainstream (wikipedia)

Starting with issuance of the Euro, the European Central Bank began marking its gold reserves to market value. The more Fiat currencies fall in value against gold, the more obvious it becomes that gold will remain the only store of value - just by reading the balance sheet of the ECB.[15] After the ECB started marking its gold reserves to market, the central banks of upcoming BRIC economies started doing the same. Freegold is expected to emerge, once the (existing or emerging-) reserve currency starts accounting its gold reserves to actual market price.[16]

On 9 May 2002, ECB President Wim Duisenberg said in his Acceptance speech of the International Charlemagne Prize of Aachen for 2002[17]: The euro, probably more than any other currency, represents the mutual confidence at the heart of our community. It is the first currency that has not only severed its link to gold, but also its link to the nation-state. As it may have seem cryptic at the time, Wim Duisenberg describes the Euro as a transactional currency, coexisting with freegold.
Click to expand...
 
Silver Bullion Boy said:
The EU is in big trouble at the moment, not even talking about the rest of the World. When the Euro currency collapses, which it will do, then that will be the starting pistol to the biggest bull market ever seen!!
Click to expand...

Hi SBB,

I'm not sure about this statement.

The way I see it is that the weakening Euro creates a bull market for the US$, as currency traders / investors seek the 'perceived' safety of US cash reserves in response to PIGS issues. I see that PM's and the US$ hold a very strong converse relationship at the moment, which has shown that when the US$ is strong it puts downwards pressure on the price of PM's as they are more expensive to purchase with alternate currencies.

If the euro were to suffer greatly I think that PM's would crap themselves as today's typical investor would feel much more comfortable with a liquid US$. I think this will be the case until at least the next review of the US debt ceiling.

Mr.G
 
^^^ reply to Aengrod

Thats exactly why Euro WONT collapse, so far its the greatest gold re-valuating currency on the planet. That was its purpose from the very start.
Click to expand...

Sorry, but I have to disagree with you Aengrod; the Euro WILL collapse, it's just a matter of when. The more I learn about the history of the Euro and the lies that Governments told about the state of their finances, just so they could to join the club, the more it looks like a car crash waiting to happen

Greece is small fry compared to Italy and, when the Spanish banking system and provinces finally keel over, Spain. All they appear to have accomplished with LTRO and the myriad of other bailout schemes is to delay the inevitable. I guess in order to give companies and governments a chance to prepare for the worst... and to allow a few feckless politicians to attempt to con the public into re-electing them again.

When the Euro does go down the pan it's going to get very messy for quite a while, what affect this will have on the price of PMs I have no idea... although I won't be surprised to see Silver at 1000 per ounce many years before it gets to $1000 oz
 
I must say that that was my first thought as well (at the very first day, when I ordered my first ounces) but, but .... ;)

Every government lies. Should we guess which one is bigger liar? Brussel or Washington? :)

Just think about it, it is a race to the bottom with constantly devaluing currencies. Where is the bottom? If all currencies devalue against each other? The only thing that is left that can take the hit of that constant devaluation and survive is gold and silver. All that wealth will be transferred to those that have possession PM. EU is gold superpower. Holding 12 000+ tons of gold ... 50% more than US. The only issue now is price. Thats it.
 
Some great posts and insights fellas. I'm just trying to stack as much as I can. Don't make much but I'm almost to 900 oz.
Trying to get my friends to jump on board with gold and silver but most think I'm bonkers....

Here's a question..How much gold does the USA actually have in Fort Knox ??? I'd sure like to know that one :)
 
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