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Country
1000+ Penny Miser Member
USA
1617 Posts |
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jonflyfish
Penny Hoarding Member
USA
551 Posts |
Posted - 11/03/2009 : 19:51:22
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| Is that your article or just offering links here and there as an expression of your opinion? |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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beauanderos
Penny Collector Member
USA
396 Posts |
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HoardCopperByTheTon
Administrator
USA
5253 Posts |
Posted - 11/04/2009 : 00:33:57
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I don't want it to soar yet.. I don't have enough!  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Let me see if I understand this? If you cross the North Korean border illegally, you get 12 years hard labor; the Iranian border illegally you are detained indefinitely. If you cross the US border illegally, you get a driver’s license, a social security card, welfare, food stamps, free health care!
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Neckro
1000+ Penny Miser Member
Saudi Arabia
1595 Posts |
 Posted - 11/04/2009 : 00:37:32
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quote:
Originally posted by HoardCopperByTheTon
I don't want it to soar yet.. I don't have enough!
You probably own half of the worlds reserves. Share the wealth! This is the USSA! |
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beauanderos
Penny Collector Member
USA
396 Posts |
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beauanderos
Penny Collector Member
USA
396 Posts |
Posted - 11/04/2009 : 01:47:49
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quote:
Originally posted by jonflyfish
Is that your article or just offering links here and there as an expression of your opinion?
Does it matter? What difference does it make if a particular article is representative of someone's viewpoint or is merely linked to stimulate reflective thinking?  |
Hoard now and hold on!
http://coppermillions.blogspot.com/ |
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beauanderos
Penny Collector Member
USA
396 Posts |
Posted - 11/04/2009 : 01:53:08
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quote:
Originally posted by jonflyfish
Is that your article or just offering links here and there as an expression of your opinion?
I for one am just glad that anyone takes the time to find and review topics pertinent to our hobby  and post them, because it saves us the most precious commodity of all... TIME!  Something that not even Hoard has enough of. |
Hoard now and hold on!
http://coppermillions.blogspot.com/ |
Edited by - beauanderos on 11/04/2009 01:54:17 |
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Nickelless
Moderator
USA
4393 Posts |
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jonflyfish
Penny Hoarding Member
USA
551 Posts |
Posted - 11/04/2009 : 05:32:48
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quote:
Originally posted by beauanderos
quote:
Originally posted by jonflyfish
Is that your article or just offering links here and there as an expression of your opinion?
Does it matter? What difference does it make if a particular article is representative of someone's viewpoint or is merely linked to stimulate reflective thinking?
Curiosity is still innocent? |
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keys
Penny Collector Member
356 Posts |
Posted - 11/04/2009 : 16:55:02
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quote:
Originally posted by beauanderos
quote:
Originally posted by jonflyfish
Is that your article or just offering links here and there as an expression of your opinion?
Does it matter? What difference does it make if a particular article is representative of someone's viewpoint or is merely linked to stimulate reflective thinking?
In the MSM, opinion and the news sometimes (or much of the time) get so blurred together you can't tell which is which.
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I change with the times-
but like silver coins found in your change
I stay the same.
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The United States of America started out as the new Republic of Rome.
Will The United States of America end up as the New Imperial Rome? |
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Nickelless
Moderator
USA
4393 Posts |
Posted - 11/05/2009 : 23:04:16
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| I was just rereading the article that Country posted at the top of the thread, and I got to wondering--instead of looking at silver's inflation-adjusted 1980 high, what would the current price be if adjusted back to 1980 price levels? I'd guess around $4 an ounce?? Anyone good with this kind of economics math? |
Be prepared...and prepared to help: http://www.survivalblog.com/charity.html
Are you ready spiritually for hard times? http://www.posttribrapture.com |
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Robarons
Penny Collector Member
USA
370 Posts |
Posted - 11/05/2009 : 23:10:34
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Using this site: http://www.westegg.com/inflation/infl.cgi
$17.50 an ounce in 2008 dollars (because 2009 is not completed yet) would be $6.20 in 1980's dollars.
So our $17.50 price for silver, which is pretty good since the 1980's crash, is small potatos compared to $50/oz 1980's dollars price, |
Robber Baron= Robarons |
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Nickelless
Moderator
USA
4393 Posts |
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pencilvanian
1000+ Penny Miser Member
USA
2197 Posts |
Posted - 11/06/2009 : 19:45:14
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quote:
Originally posted by Robarons
Using this site: http://www.westegg.com/inflation/infl.cgi
$17.50 an ounce in 2008 dollars (because 2009 is not completed yet) would be $6.20 in 1980's dollars.
So our $17.50 price for silver, which is pretty good since the 1980's crash, is small potatos compared to $50/oz 1980's dollars price,
Here is something else to consider- they are using government inflation numbers, not shadowstats inflation numbers
http://tinyurl.com/3x8qmo
The CPI calculated the old 'honest' way (relatively honest I guess) inflation from 1980-2007 would be 7.358
(The article is dated from 2007 so I will take for granted inflation hasn't spiked too much in 2 years.)
$17.50 in 2007 dollars divided by 7.358 equals roughly $2.37 in 1980 dollars.
If the shadowstats figures are accurate (and I don't doubt that they are) this means either silver is dirt cheap or the dollar isn't what it used to be, or both. |
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pencilvanian
1000+ Penny Miser Member
USA
2197 Posts |
Posted - 11/06/2009 : 19:52:19
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Footnote: I had to do the calculations myself-
$850 multiplied by 7.358 equals $6,255
$6,255 being the true inflation adjusted rate for gold's peak price. I figured 7.358 is the real inflation rate from 1980-2007.
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CajunCoin
New Member
USA
20 Posts |
Posted - 11/06/2009 : 23:55:42
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quote:
Originally posted by Nickelless
Just curious, how did silver do in 1929...since we're heading for a 1929 redux anyway?
30 cents an Ounce, with silver dropping to it lowest point in 1934. Silver ran low until after WW2. |
Real Money Rings True. |
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Silver set to Soar as it did in the 1970’s
"United Socialist States of America?" 
