Should We Ask ourself Better Questions?

[BamaGuy]

Do you really trust the banks mate?

Absolutely... Even if they fail here out government bails them out. Nobody fails in this country.. Too lazy to work? Our government will give you food and a place to live.

Addicted to drugs or too fat? Our government says thats a disease & you get a check every month.

My state just made it legal to wear a gun in plain sight with no permit required.. Even your boss where you work can't keep you from bringing a gun to work. Too bad you have to leave it in the car though,unless they say you can wear it..


This place really needs a ninja sarcasm smiley.

 

[errol43]

Do you really trust the banks mate?

Absolutely... Even if they fail here out government bails them out. Nobody fails in this country.. Too lazy to work? Our government will give you food and a place to live.

Addicted to drugs or too fat? Our government says thats a disease & you get a check every month.

My state just made it legal to wear a gun in plain sight with no permit required.. Even your boss where you work can't keep you from bringing a gun to work. Too bad you have to leave it in the car though,unless they say you can wear it..


This place really needs a ninja sarcasm smiley.

$17 trillion in debt... The day is fast approaching when the government may not be able to send out the cheques and what about the derivatives that the banks gamble with...One bank down and the whole bloody lot will come tumbling down.

Regards Errol 43

 

[BamaGuy]

$17 trillion in debt... The day is fast approaching when the government may not be able to send out the cheques and what about the derivatives that the banks gamble with...One bank down and the whole bloody lot will come tumbling down.

That makes no sense.. But lets just say for instance that did happen. Would you really want to own silver? You think i'm gonna sell my food,gasoline,guns,ammo,seeds,generator,water etc for silver or gold?

17 trillion or 170 trillion.. It's just a number. Nobody seems to care about it... People line up to buy our debt instruments at ZERO interest rate...

 

[errol43]

Well it is much safer stacking items mentioned above ^^^^ than US $..

Well just have to wait until China and Japan stop buying US bonds and want to cash them in.

It is about time someone cared about US debt!

Anyway mate time will tell..

Regards Errol43

 

[BamaGuy]

Well it is much safer stacking items mentioned above ^^^^ than US $..

Really? I offer $20 silver instead of $49 silver as my proof... What is yours?

We have the strongest most sought after currency in the world.. You can get full value for a $100 bill anywhere in the world...

 

[errol43]

Yes he who has the gold makes the rules! But is your $ backed by gold...It is fiat money and we all know what happens to fiat money. Remember the British Pound was the world currency until WW2..

The Us $ is strong at the moment because OPEC needs Us $ to pay for its oil...However Brazil, Russia , China and India are moving away from the US $.. Better watch out maybe the $us is on the way out!

Regards Errol

 

[Dustin]

Well it is much safer stacking items mentioned above ^^^^ than US $..

Really? I offer $20 silver instead of $49 silver as my proof... What is yours?

We have the strongest most sought after currency in the world.. You can get full value for a $100 bill anywhere in the world...

It's easy to pick a high and compare to todays prices and say it was a bad investment...though I dont know of many investments that were a great idea at or near all time highs.

However, you seem to be a fan of the fact that silver was at $5 most of your life...well if you had been buying for most of your life, you did a lot better than if you just held dollars...obviously if you pick the best stocks and all that you could have done better but if using silver throughout your whole life like I have since I discovered metals, as a store of value over LONG periods of time, as in MORE than 5 years..rather than expecting it to go todamoon in 2 years time, you would be quite happy with your shinies..

So, if we're picking our own time line for proof of which is a better savings over time, I would like us to look at the USDI and the POS over the past decade please

 

[BamaGuy]

you did a lot better than if you just held dollars

Thats what I don't understand is repeated over & over with perma bulls

You guys do realize there's other choices,right? It's not silver v/s dollars.. There's a whole wide range of investments out there besides silver and dollars..Even dollars pay dividends though.. When is the last time you opened that box of silver & saw a bunch of little baby silver dollars had hatched?

 

[BamaGuy]

To dispute $5 silver versus dollars even further..

$5 in cash put in the bank drawing 5% interest for 30 years is worth $22.20

5% is a very fair average because at times in the past 30 years rates have paid as high as 15%. They are paying under 2% at this time sadly.

 

[Dustin]

you did a lot better than if you just held dollars

Thats what I don't understand is repeated over & over with perma bulls

You guys do realize there's other choices,right? It's not silver v/s dollars.. There's a whole wide range of investments out there besides silver and dollars..Even dollars pay dividends though.. When is the last time you opened that box of silver & saw a bunch of little baby silver dollars had hatched?

Im sorry, was just replying to your post about the "strong" dollar we have. Probably shouldn't have spoken about it's historical weakness in my rebuttal. Instead I should have gone off topic and suggested real estate? Bitcoin? Idk..