Opinions on cashing out some silver

"oly" wrote in message
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I wasn't responding to you - it's PC who is way off.


Seriously man... think about it for a second. I won't claim it was clever
or funny but I will claim it was a joke. :-)

"mazorj" wrote in message
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Pre-mediated suicide is a VERY serious subject and no laughing matter.

True, but I still am obliged to give you a smiley for your riposte. :-)


;-)

"oly" wrote in message
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On Feb 13, 2:54 pm, "mazorj" wrote:
"oly" wrote in message

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On Feb 13, 1:47 pm, "PC" wrote:


"mazorj" wrote in message

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"oly" wrote in message
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On Feb 13, 1:02 pm, "mazorj" wrote:
"PC" wrote in message

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"oly" wrote in message
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On Feb 11, 4:46 pm, "RWF" wrote:
Christmas morning for the Democrats. As for myself, I am
clutching
very tightly to my PMs and adding more whenever possible.

PM s? What is that?

A typo for PMS? :-)

Around these parts, there never seems to be a shortage of PMS.
Never.

That's not funny!

Pre-mediated suicide is a VERY serious subject and no laughing
matter.- Hide quoted text -

- Show quoted text -

Sheesh, it's even stated in Merriam-Webster's in the way that 99%
of
Americans understand that acronym.

Which is what made it funny in the first placed. I guess you didn't
get. Ease up, oly! According to the guy on the corner with the
sandwich board, the end won't be coming until at least the end of
the
month.- Hide quoted text -

- Show quoted text -

I wasn't responding to you - it's PC who is way off.

I know that you were replying to him - which is why I am playing the
buttinsky here. His bon mot in response to my mock outrage made me
smile and even provoked a reply from me.

RCC needs its moments of comic relief just like any other forum where
tempers frequently flare and participants sometimes get their back up.

"oly" wrote in message
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On Feb 13, 11:03 am, "mazorj" wrote:
"oly" wrote in message

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On Feb 12, 12:09 pm, "PC" wrote:





"oly" wrote in message

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I think silver could see $20/oz this year given the inflationary
nature
of the so-called stimulus plan.

I must agree with RF that the crap coming out of Washington will be
very inflationary. With a Democratic President and Democratic
Congress for the first time since James Earl Carter, Jr., it is now
Christmas morning for the Democrats. As for myself, I am clutching
very tightly to my PMs and adding more whenever possible.

Considering the wonderful job the Republicans have done if your doom
and
gloom is true then it is already hopeless.

Again, optimism is the mania for declaring all is well, when all is
going very badly. And, it is the Democorps that is lined up at the
trough now.

Conversely, pessimism is a defense mechanism when one's own views and
theories are not standing up well in the current situation. Neither
is inherently right or wrong.

Someone once observed that the difference between an optimist and a
pessimist is that the optimist thinks we are living in the best of all
possible worlds, and the pessimist fears that he's right.

IMO, in the optimist/pessimist discussions here WRT PM prices, the
opposing players are playing on different playing fields. oly et al.
foresee a coming wave of debt-funded spending that will cause a lot of
investment money to be shifted to stable or rising havens like PMs.
They undoubtedly are right. Others (and I am in this camp) wouldn't
deny this phenomenon, we're just focused more on the long run, which
historically always continues to rise unless and until something
really catastrophic comes along to really break the empire or the
market or the system. The two views are not incompatible because
they're actually philosophical differences between apples and oranges.

If you want to say that I'm playing ostrich to a coming massive
breakdown that will really wreck the system, well, I'll plead guilty.
I can get up and function every morning knowing that the dollar will
fall and gold will rise. I can't build my life around a certitude
that some morning during my lifetime, the whole thing will come
crashing down on our heads.

Being a reasonably sane and alert person, I make a few basic
preparations to defend myself against both the coming short-term and
hypothetical major long-term downturns. Some pertain to investing,
but if the really big balloon ever goes up, I'll be focused more on
keeping my firearms oiled, ammo and food stocks on hand, and having a
few contingency escape plans sketched out.- Hide quoted text -

- Show quoted text -

One of the big attractions of coin collecting, for me, is how all the
various coins, medals and paper money readily illustrate history. And
there is nothing in the history of paper money and paper money regimes
that is very reassuring. Nothing at all.

The present pounds and pence of the United Kingdom/ Bank of England
are the longest/ eldest lived paper currency still in existence (from
the 1790s, MOL), and the present day pound is about 1/100th of its
pre-1914 value. The present U.S. Dollar must be in second place for
longevity (from the Civil War), and it is 1/20th of its pre-1913
value. Probably 90% of the paper money systems ever established/ the
paper money ever issued, by all countries in the world, is worthless
today.

As for the dollar, a loaf of bread costs about the same percentage of an
average hourly wage today as it did fifty years ago. So I don't see that
our currency losing its buying power as long as increasing wages follow the
rising cost of essential goods. Is the dollar losing its value or are
things becoming more expensive? Or has the wage-price relationship remained
much the same over the past fifty years?

On Feb 15, 12:25*pm, "Bruce Remick" wrote:

As for the dollar, a loaf of bread costs about the same percentage of an
average hourly wage today as it did fifty years ago. *So I don't see that
our currency losing its buying power as long as increasing wages follow the
rising cost of essential goods. *Is the dollar losing its value or are
things becoming more expensive? *Or has the wage-price relationship remained
much the same over the past fifty years?- Hide quoted text -

Would you consider the issues seem the same to people on a fixed
income (typically retired folks)?
Wouldn't a progressive income tax still have adverse consequences for
working folks?

On Feb 15, 4:07*pm, Peter wrote:
On Feb 15, 12:25*pm, "Bruce Remick" wrote:

As for the dollar, a loaf of bread costs about the same percentage of an
average hourly wage today as it did fifty years ago. *So I don't see that
our currency losing its buying power as long as increasing wages follow the
rising cost of essential goods. *Is the dollar losing its value or are
things becoming more expensive? *Or has the wage-price relationship remained
much the same over the past fifty years?- Hide quoted text -

Would you consider the issues seem the same to people on a fixed
income (typically retired folks)?
Wouldn't a progressive income tax still have adverse consequences for
working folks?

You're beating your head against the wall with that fellow... really.
He has no idea what real money is, nor the three functions that it
must fulfill.

oly

"Bruce Remick" wrote in message
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As for the dollar, a loaf of bread costs about the same percentage of
an average hourly wage today as it did fifty years ago. So I don't
see that our currency losing its buying power as long as increasing
wages follow the rising cost of essential goods. Is the dollar losing
its value or are things becoming more expensive? Or has the
wage-price relationship remained much the same over the past fifty
years?

That's a very inane comment.
Those on fixed incomes are finding it harder to make ends meet.
Even a half-wit like Sarge realizes the dollar has less buying power
than it once had.
For shame!

"Peter" wrote in message
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On Feb 15, 12:25 pm, "Bruce Remick" wrote:

As for the dollar, a loaf of bread costs about the same percentage of an
average hourly wage today as it did fifty years ago. So I don't see that
our currency losing its buying power as long as increasing wages follow
the
rising cost of essential goods. Is the dollar losing its value or are
things becoming more expensive? Or has the wage-price relationship
remained
much the same over the past fifty years?- Hide quoted text -

Would you consider the issues seem the same to people on a fixed
income (typically retired folks)?

Sure. The same today as 50 years ago. Both groups would feel the hurt, as
would the unemployed, if prices rose but their annual take didn't. But the
comment I meant to make involves prices of goods as compared to wages earned
over the years.

Wouldn't a progressive income tax still have adverse consequences for
working folks?

I'd leave that to the experts. ALL income taxes seem to have adverse
effects on working folks.

On Feb 15, 7:16*pm, "Bruce Remick" wrote:
"Peter" wrote in message

...
On Feb 15, 12:25 pm, "Bruce Remick" wrote:

As for the dollar, a loaf of bread costs about the same percentage of an
average hourly wage today as it did fifty years ago. So I don't see that
our currency losing its buying power as long as increasing wages follow
the
rising cost of essential goods. Is the dollar losing its value or are
things becoming more expensive? Or has the wage-price relationship
remained
much the same over the past fifty years?- Hide quoted text -
Would you consider the issues seem the same to people on a fixed
income (typically retired folks)?

Sure. *The same today as 50 years ago. *Both groups would feel the hurt, as
would the unemployed, if prices rose but their annual take didn't. *But the
comment I meant to make involves prices of goods as compared to wages earned
over the years.

Wouldn't a progressive income tax still have adverse consequences for
working folks?

I'd leave that to the experts. *ALL income taxes seem to have adverse
effects on working folks.

Aristotle:

http://www.economictheories.org/2008...on-money..html

Medium of exchange, unit of measurement/comparison, and store of
value.

oly

"oly" wrote in message
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On Feb 15, 4:07 pm, Peter wrote:
On Feb 15, 12:25 pm, "Bruce Remick" wrote:

As for the dollar, a loaf of bread costs about the same percentage of an
average hourly wage today as it did fifty years ago. So I don't see that
our currency losing its buying power as long as increasing wages follow
the
rising cost of essential goods. Is the dollar losing its value or are
things becoming more expensive? Or has the wage-price relationship
remained
much the same over the past fifty years?- Hide quoted text -

Would you consider the issues seem the same to people on a fixed
income (typically retired folks)?
Wouldn't a progressive income tax still have adverse consequences for
working folks?

You're beating your head against the wall with that fellow... really.
He has no idea what real money is, nor the three functions that it
must fulfill.

I suspect I've had as much and probably more experience with real money than
you have. Your insulting comment is typical of an acedemic who can't accept
any opinion that is not covered by a theorum in his textbook, so he is left
with stuff like "you're beating your head..." . Obviously all your
education hasn't helped you to make a convincing point or to argue against
mine. Yes, I do have opinions as well as questions, however unscholarly
they may seem to you, and they are based on my lifetime experience which
you're not qualified to correct. Yours opinions often seem unusual and
curious to me as well. Because I don't understand them isn't necessarily
my fault, eh?