tag:blogger.com,1999:blog-7982981413278241287.post5385975572622868238..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: While The U.S. Prints And Spends, Russia Loads The Boat With Gold...Dave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-7982981413278241287.post-29107102943802038652010-11-27T22:03:06.972-07:002010-11-27T22:03:06.972-07:00nice posts, thanks for the information .. please v...nice posts, thanks for the information .. please visit my backgayuhhttp://denfirman.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-87633311929931011882010-11-22T21:05:00.644-07:002010-11-22T21:05:00.644-07:00Lol. Speaking of "precious" metals, I di...Lol. Speaking of "precious" metals, I discovered there's a huge market for imbeciles that are 'investing' in "copper bullion" in fancy, shined-up ingots of raw copper PER OUNCE @ X7 spot!<br /><br />Talk about one being born every minute....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-6611776979894010092010-11-22T14:01:38.767-07:002010-11-22T14:01:38.767-07:00re: Turk - dude silver hit 29.40 on November 9th. ...re: Turk - dude silver hit 29.40 on November 9th. Pretty god damn close in a world where the "horse shoes and hangrenades" applies. That's good enough for me. Give the guy a break.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-9362067807192513802010-11-22T13:14:57.104-07:002010-11-22T13:14:57.104-07:00Regarding official gold reserves and leasing/swapp...Regarding official gold reserves and leasing/swapping/held in custody elsewhere.<br /><br />It doesn't matter. What matters in my opinion is where the gold is physically located. If/When there is a currency crisis involving the major currencies - I wouldn't be surprised if countries took over ownership of the gold - regardless of prior or existing swap agreements or leasing.<br /><br />Possession is 9/10ths of the law. Sovereigns can easily give a "receipt" to whatever other sovereign owns that gold and hold onto it themselves.<br /><br />We often speak of "physical" ownership over paper ownership - the same applies to sovereigns.<br /><br />What do you think?Misthoshttps://www.blogger.com/profile/13651854500747126595noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-84142499190188705612010-11-22T11:25:53.335-07:002010-11-22T11:25:53.335-07:00James Turk's prediction that silver would hit ...James Turk's prediction that silver would hit $30 within 18 days was due today. It has failed to materialize. We're at about 27.50 as I write this. ha!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-12051248245300006672010-11-22T08:24:50.093-07:002010-11-22T08:24:50.093-07:00SILVER WILL BLOW THE PAGES OFF OF THE HISTORY BOOK...SILVER WILL BLOW THE PAGES OFF OF THE HISTORY BOOKS..I can bet anyone my horad that silvewr will be over 250 in the future and not to may years off...$100/oz is a no brainer ..coming to a burrough near u...<br /><br />SILVER IS MORE RARE and definitely money..Silver means money in about 20 diff languages since the beginning of time..Has been used for money more that gold.>Though I love my GOLD..I LLOOOVESSS my SILVER!!AgAU777http://dollarcollapse.comnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-39273432351657953412010-11-22T06:23:33.503-07:002010-11-22T06:23:33.503-07:00http://www.libertaddigital.com/economia/el-oro-vue...http://www.libertaddigital.com/economia/el-oro-vuelve-a-ser-dinero-legal-a-partir-del-22-de-noviembre-1276406822/<br /><br />http://www.mondovisione.com/index.cfm?section=news&action=detail&id=94090<br /><br />Il FollettoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-40475396611771286362010-11-21T18:32:35.327-07:002010-11-21T18:32:35.327-07:00Dave,
sadly when the GSR was 8:1 they didn't h...Dave,<br />sadly when the GSR was 8:1 they didn't have an industrial use for it, it was strictly currency. Now we use it up, the CBs only have gold... I have silver becase:<br /> *it's speculative as vehicle more than gold NOW <br /> *it might be very scarce in some years<br /> *to spend if needed<br /> *has never been confiscated before<br /> *I like it (design of coins)<br /> *I'm a bit greedy, not to miss an opportunity<br /> *want to save the rest for generations (me and the old dynasties :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-46107073740014016702010-11-21T08:15:46.507-07:002010-11-21T08:15:46.507-07:00re: anonymous 8:1. right now at 50:1 it's poo...re: anonymous 8:1. right now at 50:1 it's poor man's gold. the dynamic is that silver's relative cheapness to gold, right now, makes it "poor man's gold." That will attract capital flows until the price is bid up to some ratio, since silver is not gold, to some ratio substantially lower than here and likely well below 20.<br /><br />That's my thesis and it's not really worth debating because it will either happen or not happen. I'm betting a large part of net worth that it will.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-30162705244234127752010-11-21T07:42:55.122-07:002010-11-21T07:42:55.122-07:00That's not to say that I don't like silver...That's not to say that I don't like silver or that it won't become a monetary metal again. There are enough solid arguments against silver that makes it no sure thing. But definitely worth putting a portion into silver for the possible bigger payout.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-58713772073052480092010-11-21T07:35:02.348-07:002010-11-21T07:35:02.348-07:00If the ratio goes to 8:1, then how would silver st...If the ratio goes to 8:1, then how would silver still be poor man's gold? At what price would you say that people are no longer able to purchase gold? 5k? 10k? Silver would be at 625 and 1250 respectively. At that price range, silver would be out of the reach of the average citizens as well. So are we left with copper to become the true poor man's gold? And how would trading be accomplished with silver at such a price? Fractional silver? Why couldn't we use fractional gold in alloy form? Its only money if society is willing to treat it as such. If availability was the concern, why doesn't society use copper as money. A gold/copper standard. Or silver/copper standard. Why bother with gold at all. Seems throughout the east, gold is valued much more than silver. Even in China, people are more interested in gold than silver. The availability of silver in the east and west is very limiting for it to become a true monetary metal.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-35382420943221578702010-11-20T22:44:05.991-07:002010-11-20T22:44:05.991-07:00Thanks for the feedback - I appreciate it. I thin...Thanks for the feedback - I appreciate it. I think it's very possible for the ratio to go below 16. In ancient Rome, the ratio was 8:1. If we end up with a global monetary system that includes both gold and silver, I believe that silver will have to be revalued somewhere below 16 in order "imbue" the physical gold/silver that would be held by Central Banks with enough value to represent the general level of global economic output.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-32015908728762516342010-11-20T20:11:44.048-07:002010-11-20T20:11:44.048-07:00Just wanted to tell you, Dave, that I've read...Just wanted to tell you, Dave, that I've read your various comments here and there for quite a while and value your opinions highly. Never comment much at all and I'm sure you have many other unspoken followers like me. Thanks for the time and effort. BTW, I'm a silver guy who believes the gold/silver ratio will be 16 to 20/1, and still kick myself for not swapping my meager few ounces of gold for silver when it was closer to 80/1.<br /><br />Dave, do you think there is any possibility that the ratio can ever get below 16/1? If so, by how much? Some claim the scarcity will push silver ever closer to parity.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-21397062964512397462010-11-20T18:45:56.663-07:002010-11-20T18:45:56.663-07:00It is going to outperform gold. The gold silver r...It is going to outperform gold. The gold silver ratio right now is like around 50. That ratio will be well under 20 before this bull market is over.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-38130761694355931802010-11-20T10:18:01.449-07:002010-11-20T10:18:01.449-07:00DO YOU HAVE AN OPINION ON SILVER?DO YOU HAVE AN OPINION ON SILVER?Anonymousnoreply@blogger.com