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 Silver set to Soar as it did in the 1970’s
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Country
1000+ Penny Miser Member


USA
3121 Posts

Posted - 11/03/2009 :  19:45:49  Show Profile Send Country a Private Message
You must be logged in to see this link.

---> Come to the new and improved realcent: http://realcent.org

The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt

jonflyfish
Penny Hoarding Member



USA
693 Posts

Posted - 11/03/2009 :  19:51:22  Show Profile  Send jonflyfish a Yahoo! Message Send jonflyfish a Private Message
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
1000+ Penny Miser Member



USA
2408 Posts

Posted - 11/03/2009 :  23:25:15  Show Profile Send beauanderos a Private Message
well-written article touting silver, thanks for posting Country.

Hoard now and hold on!

http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/
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HoardCopperByTheTon
Administrator



USA
6807 Posts

Posted - 11/04/2009 :  00:33:57  Show Profile Send HoardCopperByTheTon a Private Message
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.

Now selling Copper pennies. 1.6x plus shipping. Limited amounts available.
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Neckro
1000+ Penny Miser Member



Saudi Arabia
2080 Posts

Posted - 11/04/2009 :  00:37:32  Show Profile  Send Neckro an AOL message  Click to see Neckro's MSN Messenger address  Send Neckro a Yahoo! Message Send Neckro a Private Message
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!

Trolling is an art.
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beauanderos
1000+ Penny Miser Member



USA
2408 Posts

Posted - 11/04/2009 :  01:43:14  Show Profile Send beauanderos a Private Message
LMAO! "United Socialist States of America?"

Hoard now and hold on!

http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/
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beauanderos
1000+ Penny Miser Member



USA
2408 Posts

Posted - 11/04/2009 :  01:47:49  Show Profile Send beauanderos a Private Message
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/
http://wherewillyoubein2012.blogspot.com/
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beauanderos
1000+ Penny Miser Member



USA
2408 Posts

Posted - 11/04/2009 :  01:53:08  Show Profile Send beauanderos a Private Message
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/
http://wherewillyoubein2012.blogspot.com/

Edited by - beauanderos on 11/04/2009 01:54:17
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Nickelless
Administrator



USA
5580 Posts

Posted - 11/04/2009 :  03:59:25  Show Profile Send Nickelless a Private Message
Just curious, how did silver do in 1929...since we're heading for a 1929 redux anyway?


Visit my new preparedness site: Preparedness.cc/SurvivalPrep.net
--Latest article: Stocking up on spices to keep food preps lively

---------------

Be prepared...and prepared to help: http://www.survivalblog.com/charity.html

Are you ready spiritually for hard times? http://www.jesusfreak.com/rapture.asp
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jonflyfish
Penny Hoarding Member



USA
693 Posts

Posted - 11/04/2009 :  05:32:48  Show Profile  Send jonflyfish a Yahoo! Message Send jonflyfish a Private Message
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



383 Posts

Posted - 11/04/2009 :  16:55:02  Show Profile Send keys a Private Message
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.


I change with the times-
but like silver coins found in your change
I stay the same.
*****************
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
Administrator



USA
5580 Posts

Posted - 11/05/2009 :  23:04:16  Show Profile Send Nickelless a Private Message
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?


Visit my new preparedness site: Preparedness.cc/SurvivalPrep.net
--Latest article: Stocking up on spices to keep food preps lively

---------------

Be prepared...and prepared to help: http://www.survivalblog.com/charity.html

Are you ready spiritually for hard times? http://www.jesusfreak.com/rapture.asp
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Robarons
Penny Hoarding Member



USA
522 Posts

Posted - 11/05/2009 :  23:10:34  Show Profile Send Robarons a Private Message
Using this site: You must be logged in to see this link.

$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
Administrator



USA
5580 Posts

Posted - 11/05/2009 :  23:12:56  Show Profile Send Nickelless a Private Message
Sweet link, Robarons. Thanks!


Visit my new preparedness site: Preparedness.cc/SurvivalPrep.net
--Latest article: Stocking up on spices to keep food preps lively

---------------

Be prepared...and prepared to help: http://www.survivalblog.com/charity.html

Are you ready spiritually for hard times? http://www.jesusfreak.com/rapture.asp
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pencilvanian
1000+ Penny Miser Member



USA
2209 Posts

Posted - 11/06/2009 :  19:45:14  Show Profile Send pencilvanian a Private Message
quote:
Originally posted by Robarons

Using this site: You must be logged in to see this link.

$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


You must be logged in to see this link.

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
2209 Posts

Posted - 11/06/2009 :  19:52:19  Show Profile Send pencilvanian a Private Message
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
Penny Sorter Member



USA
26 Posts

Posted - 11/06/2009 :  23:55:42  Show Profile Send CajunCoin a Private Message
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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