You are wasting your money.

[Golden ChipMunk]

First and only post. By Sorry2say ..

 

[wrcmad]

I stopped reading everything you wrote as the fist alteration you made is 100% false and not correct and never will be again ever any where in the world ever

SILVER IS NOT MONEY, it is a commodity

Interesting. Silver is recognized as legal tender in Oaklahoma, Texas, Lousiana, South Carolina, Utah and Arizona.

If silver is money, then it is quite shitty money - possibly the world's worst ATM, as indicated by it's performance.
Bloomberg: Ghana -- home of 2014's worst-performing currency

Silver vs Ghana Cedi

 

[willrocks]

^^

 

[lshallperish]

Just a few corrections:

I've been a personal poster on this blog for several years, sorry to say this but...PM stackers are a poor investment in your time if you want to convince us we don't hold money, and I've talked to many pm investors, ranging from the casual, to the "preppers" to the "gurus". Here are their arguments, and here is common sense.

1. It is money.

Yes, you can make currency additions to your pile of currency, and you can also LOSE currency as well. If you had bought silver in '03 when it was $5/oz, and sold it when it was $45 an ounce in 2011, you would of done pretty good at increasing your currency pile and that matters to a lot of people. But you're talking to people who LIKE buying silver not matter how much of a pile of currency it might make or not. It's like getting a complimentary Port at the restaurant and being given the bottle to take home.

But..if you bought it when it was 45 dollars an ounce, and you needed the currency that you went off to gamble that PMs would go to the moon, then you would be rather sore right now, and would of had more currency had you put it into savings, rather than storing your currency as money.

2. It will be useful if the world ends, we get nuked, or any other type of SHTF stuff.

For one, you can't eat it, but for about 5000 years that we know about you've been able to trade it for food and protection. It's called a 'golden rule' because if you have the gold you make the rules.

Okay, ounce of a silver for loaf of bread, sez who? I want .75 for mine - or so some people who want to make a loss will say. A loaf of bread will be available to buy if using gold or silver but not many people will want to eat paper is my guess.

Now if you had a few gold chains, you might take off a few links, that's been used around the world just recently. Heres an ounce of gold, I expect .924 ounces back, better get a hacksaw and a file, this might take a while- is what some people may think, but gold is soft and shaving off small pieces is fairly easy, but most likely stackers also have small change anyway.

3. You, nor can anyone else predict the price of it.

Which is because you can't predict how long currency will hold a value, up or down. It goes up when the relative value of currency goes down and it goes down when the relative value of currency goes up. The only problem is that when currency fails it take about a wheelbarrow or so to light the fire to cook the food you bought with your bit of silver. So I'd suggest stacking wood rather than currency if you want to continue to be warm.

You cannot eat silver, you cannot predict it's price, silver does not pay out dividends, but that doesn't matter because if you're holding silver it will keep you calm and so relaxed that forum posts about its lack of value will amuse you more than cause you liver damage.

Sorry to say, but the people who destroyed money and convinced everyone that government promises written on paper should be in stocks in the public squares of every town and be visited daily by the fishmonger's waste trucks.

If your whole idea is to make piles of currency selling it at a premium while duping people into buying it then you're not really a stacker and more of a dishonest gambler. But no matter your motivations, the people who buy your goods will have money and not just piles of paper when it really matters.

The pm stackers are laughing all the way to the traders as they see people who'll actually swap paper for real money.

I stopped reading everything you wrote as the fist alteration you made is 100% false and not correct and never will be again ever any where in the world ever

SILVER IS NOT MONEY, it is a commodity

Wait what? silver is not money, it's a commodity? omg! HOW DO YOU KNOW THIS?!?!?!? Ok.. dont panic, im going to go and ask some people ok? No! YOU come with me too, let's ask together.



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Zand Dynasty Persia
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Second Haitian Empire, Faustin Soulouque is proclaimed Emperor Faustin I.

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Sorry guy's julieW was sold to a brothel.. I later found out she turned into a sheep.. thus the name sheeple.

 

[mmissinglink]

If you have been on this forum for any time at all you will have come across these arguments before, and individually they have been discussed in many threads.

I am not sure of the poster's goal of posting them all in one thread, probably trolling, but it is handy to review them from time to time anyway.

1. We all know that if you pick your own timeframe you can make silver look like the best or the worst performer that ever existed. This is pretty common, if you want to show how well it performs you pick one particular time frame and if you want to show how bad it is then you show another time frame. You can do this with anything. It would be handy to pick another commodity over the same time period (not gold) and that way you can compare the two, maybe everything was heading in the same direction over the time period, maybe silver was standing out from the crowd, maybe not. Either way, it is either a sales trick or lazy analysis.

2. Unless we go to the stone age people are going to be buying and selling things, shopkeepers might put prices up but if they don't sell it, they will go out of business. If the internet, phones, mobile phones and all newspapers dissapear then there is a good chance that people will not know the daily value of silver, if any of them survive then you can be fairly sure that important information will be available.

My smallest coin is a 50% predec 3 cent piece, that has to be worth 50cents, so I am not concerned with making change. Also consider that before easily divisible money, people ran accounts, you could be in credit or debt with a shop as long as it was managed. Not something that we are used to now but people are very resourceful.

3. There may be more money in stocks, we have a stocks subforum. There may be more money in real estate (do we still have a real estate forum?) there is money to be made in lots of places and many members exploit all these areas, moving from one area to another.

So nothing new really, not even presented in a new way, but still good to discuss it everynow and then

Well put as usual JLiz,

I am glad that there are some members here on the SS forum who are reasonable thinking people who make thoughtful, informed, logic comments.


To all members, we all here may not agree all or even most of the time on certain points but if you are not going to be thoughtful with your comments and if all you want to do is make ad hominem attacks on others who don't agree with you, you and me are probably going to have some difficulty getting along.....and that's all on you.




.

 

[mmissinglink]

SILVER IS NOT MONEY, it is a commodity

You are one of the only smart stackers who gets it CJ. The rest are still living in the Bronze Age.

To be clear, I would state that for everyone who is not them self a Central Bank, in all except maybe a few towns or except at a few isolated businesses, blobs of metal do not function like money.

To date, no stacker has ever posited a cogent argument with any evidence at all to counter this claim...and I won't hold my breath waiting for a reasoned argument against it because none exists...otherwise someone would have by now made that case.





.

 

[excalibur]

In Vietnam property transactions are done in Gold.
"One thing that separates real estate transactions in Vietnam from the rest of the world is its done in pure gold. In June, according to Thanhnien News, one tael (1.25 ounces) of gold is equivalent to VND11.45 million (US$544). It is very important to keep this in mind when looking for a property. The buyer must be aware of the prices and conversions at all times."

 

[mmissinglink]

That's not an example of blobs functioning as money.

Using that argument, I could claim that dog feces or pretty seashells is money if I can find some people willing to trade something I want for it.



.

 

[dccpa]

That's not an example of blobs functioning as money.

Using that argument, I could claim that dog feces or pretty seashells is money if I can find some people willing to trade something I want for it.



.

ML, I agree that silver has too many industrial uses to become money again. But that restriction doesn't apply to gold. The example given was gold functioning as money.

If you can find someone to take dog feces as money, I can come up with a sh*%load of it.

 

[ArgentumPostremo]

1. You can make money.

Yes, you can make money, and you can also LOSE money as well. If you had bought silver in '03 when it was $5/oz, and sold it when it was $45 an ounce in 2011, you would of done pretty good.

But..if you bought it when it was 45 dollars an ounce, you would be rather sore right now, and would of had more money had you put it into savings.


2. It will be useful if the world ends, we get nuked, or any other type of SHTF stuff.

No. It won't.

For one, you can't eat it, and it don't really serve a purpose, and who will regulate it? Who becomes the chief trade expert and makes all the rules?

Okay, ounce of a silver for loaf of bread, sez who? I want .75 for mine.

How exactly do you get change, too? Heres an ounce of gold, I expect .924 ounces back, better get a hacksaw and a file, this might take a while.


3. You, nor can anyone else predict the price of it.

I've heard of "$100 silver" when silver was $5 an ounce, 11 years ago, and I still hear it today. Anyone who can predict the price is full of hot air.


You cannot eat silver, you cannot predict it's price, silver does not pay out dividends.

Sorry to say, but there is more money in stocks, and the whole idea is to make money selling it at a premium while duping people into buying it.

The pm dealers are laughing all the way to the bank.

1) Who said I wanted to make money? It is a nice side benefit if it happens, but not why I buy silver.
2) Pure silver has anti-bacterial properties that keeps milk fresh, and purifies stale water. In roman times they use to have
a pitcher made out of pure silver for this purpose. Immediately after a collapse scenario you are correct their will be no immediate use, but for bartering for your life, or for your families lives... it might just save you. This is a situation where having another ACE waiting to be played cannot hurt but only benefit you. All in all markets will return, and commerce will again begin. The number of years it will take is unknown but your family line will be set when it does.
3) Doesn't matter. See number 1. It is inherently valuable, a finite resource with scarce above ground amounts being almost wholly used by industry.

I may not be able to eat it, predict it's price, and it may or may not pay out dividends (who cares?), but I can guarantee one thing...

It will be here after you and I are long and gone turned to dust.

Will your investments?

 

[madronya]

Utah passed a bill making gold & silver "legal tender" but I can't find any evidence that the state will accept either for payment of taxes, which is one definition of money historically. When the governor of Utah signed the bill back in late March 2011 silver was around $36-$37. Perhaps the biggest consequence of the bill is that the state will not levy capital gain taxes on profits trading gold & silver coins issued by the federal government. Unfotunately I assume they took away the capital loss write off as well...

 

[Court Jester]

Just a few corrections:

I stopped reading everything you wrote as the fist alteration you made is 100% false and not correct and never will be again ever any where in the world ever

SILVER IS NOT MONEY, it is a commodity

Wait what? silver is not money, it's a commodity? omg! HOW DO YOU KNOW THIS?!?!?!? Ok.. dont panic, im going to go and ask some people ok? No! YOU come with me too, let's ask together.





Sorry guy's julieW was sold to a brothel.. I later found out she turned into a sheep.. thus the name sheeple.

your an absolute idiot.

it may have been money in history I am not disputing that but atm and never again will it be considered money again by the general population. If you doubt me go to coles with your silver coins and try to buy a pack of gum with a 1oz silver coin ( even if it is legal tender ) and see how far you get with it.

 

[mmm....shiney!]

your an absolute idiot.

it may have been money in history I am not disputing that but atm and never again will it be considered money again by the general population.

How do you know?

 

[Jislizard]

your an absolute idiot.

it may have been money in history I am not disputing that but atm and never again will it be considered money again by the general population.

How do you know?

'Never' is a very long time to be making predictions over, and it is the unwavering certainty of the person making the prediction that makes me think that he is from the future. Only someone from the future would know with that much confidence, any other reasonable person would at least consider the possibility that somewhere on the planet, some group of people, at some time in the future would use silver for some period of time. It might not be likely for Australia to use silver in the near future but I don't think that we can extrapolate that to every country in the world for ever, just reeks of junk scientific thinking, but you never know, it might be me with egg on my face when the universe finally explodes, or implodes, or fades away.

I am happy to say that it is unlikley that money will ever be made from silver again, the people who make money don't want to use silver because it is expensive, at the moment we are seeing that it is going the other way, governments are using copper plated zinc and copper plated steel in order to make the coinage cheaper. Small denominations are dropping like flies around the world, we have already lost our 1 and 2 cents so we can't even give exact change anymore and it looks like there are calls for the 5 cents to go as well. Governments won't willingly do something to give us any actual value when they can keep giving us pretend value at no extra cost.

If silver does get used it will be in the form of community currencies rather than government issue (Like the Liberty Dollar or AOCS) but in order for that to happen people will need to become more educated about how money works and they will need a really good reason to switch to silver, as far as most people are concerned, the government money is just fine. It took me about four years to get the idea that inflation was robbing us of our savings across to my family.

 

[SpacePete]

SILVER IS NOT MONEY, it is a commodity

You are one of the only smart stackers who gets it CJ. The rest are still living in the Bronze Age.

Actually, we are living in the New Bronze Age: http://www.psmag.com/navigation/nat...onze-age-entering-the-era-of-tough-ore-60868/

Everyone forgets about copper!

 

[SpacePete]

I am happy to say that it is unlikley that money will ever be made from silver again...

If silver does get used it will be in the form of community currencies rather than government issue (Like the Liberty Dollar or AOCS) but in order for that to happen people will need to become more educated about how money works and they will need a really good reason to switch to silver, as far as most people are concerned, the government money is just fine.

That reason would be trust. If people ever lose trust in paper dollars then there will be a return to silver and gold, at least temporarily.

You can trust silver. It doesn't turn to nothing at government decree. Governments aren't sneaking in to slice off a percentage here and a percentage there from your silver. 1 oz today is 1 oz tomorrow.

On the subject of unsanctioned community currencies. They are unlikely in our future fascist corporatocracy. They'll be labelled as terrorist currencies and the full force of the state will come crashing down on any unpatriotic community that dares to bypass the system of end-to-end transaction tracking. And it would upset people at AUSTRAC which would be kind of mean.

 

[Peter]

Apparently in the Argentinan financial collapse
Gold rings were the favorite currency when negotiating with the street gangs.

 

[mmissinglink]

I stopped reading everything you wrote as the fist alteration you made is 100% false and not correct and never will be again ever any where in the world ever

SILVER IS NOT MONEY, it is a commodity

Wait what? silver is not money, it's a commodity? omg! HOW DO YOU KNOW THIS?!?!?!? Ok.. dont panic, im going to go and ask some people ok? No! YOU come with me too, let's ask together.





Sorry guy's julieW was sold to a brothel.. I later found out she turned into a sheep.. thus the name sheeple.

your an absolute idiot.

it may have been money in history I am not disputing that but atm and never again will it be considered money again by the general population. If you doubt me go to coles with your silver coins and try to buy a pack of gum with a 1oz silver coin ( even if it is legal tender ) and see how far you get with it.

Even I try not to claim that never will blobs be money...."never" rules out every conceivable possibility. I'd say it this way; "slim chance that in my lifetime will I see blobs of metal function as money"...it's a thing of the ever widening past and little chance of it returning. Certainly it doesn't function as money now for us in societies for all practical intents and purposes (except in isolated locals or businesses).

That said, I'm not arguing that it shouldn't function as money....just that it doesn't in any practical sense.

I saw a video about 2 years ago made by a stacker (if I remember correctly) where he goes into a shopping center parking lot in some average suburban-looking town in the US and he asks people who pass if they'd want to buy the bullion coin (American Eagle I believe it was) from him for like way less than half it's actual value....guess what? NO ONE treated the precious metal in that coin as money...no one. And that's a legal tender US gov't coin....imagine how much people would laugh at the idea of treating a blob as money?
And good luck finding any business that would treat the metal blob as money.



.

 

[SpacePete]

Sorry guy's julieW was sold to a brothel.. I later found out she turned into a sheep.. thus the name sheeple.

your an absolute idiot.

Just an FYI, you're arguing with a teenager who has probably never held a job in his life and who gets his world view from 4chan.

 

[Peter]

Everyone wants to buy gold! "I buy gold. Pay cash" signs are everywhere, even on TV! I can't believe I'm that silly! I just didn't relate it to what I read here because they deal with junk gold, like jewelry, either stolen or sold because they needed the money, not the gold coins that you guys talk about. No one pays for the true value of the stuff, so big WARNING! Sign on people that are buying gold coins. Since it is impossible to determine the true mineral percentage of gold, small shops and dealers will pay for it as regular jewelry gold. What I would do if I were you: Besides gold coins, buy a lot of small gold rings and other jewelry. They should be less expensive than gold coins, and if the SHTF bad, you won't be losing money, selling premium quality gold coins for the price of junk gold. If I could travel back in time, I'd buy a small bag of gold rings. Small time thieves will snatch gold chains right out of your neck and sell them at these small dealers found everywhere. This is VERY common at train stations, subways and other crowded areas.

So, my advice, if you are preparing for a small economical crisis, gold coins make sense. You will keep the value of the stuff and be able to sell it for its actual cost to gold dealers or maybe other survivalists that know the true value of them. In my case, gold coins would have been an excellent investment, saving me from losing money when the local economy crashed. Even though things are bad, I can go to a bank down town and get paid for what a gold coin is truly worth, same goes for pure silver. But where I live, in my local area small time dealers will only pay you the value of junk gold, no matter what kind of gold you have. So, I'd have to say that if TSHTF bad, gold jewelry is a better trade item than gold coins.

From a Argentinan blog.