Precious metals

I know, it's hard for them to wake up to this stuff..........

 

I think that even though most of the numbers are bad, that the economy is picking up.....
But it's not the economy, it's the debt that's killing us........ But we'll see............

 

this is utter nonsense.

 

anyway I'm done "working" going to drive the 2016 Tacoma.......

 

Where did all the Jim Rickards fans go? I was told more than once he was a genius yet no one has an issue with a 5 year old prediction for $5,000 an ounce gold.

 

well that was before he read shr133's posts... NOW he's edumacated...

 

Who's Jim Rickards? I'm not that edumacated. I was in the army after all.

 

I like the bloomberg call better....

 

He's a conspiracy theorist who claims the US dollar will crash in value and take the emote United States civilization with it. Panic in the streets with citizens fighting over $100 loaves of bread before the paper money is useless and you have to trade silver coins for it. Oh he also sells panic inducing books to suckers and has never been right about any of his predictions......

 

Ah. A looney toon.
I can see the value of the dollar dropping in the future, but I think civil unrest will be caused by other issues. Really the only thing I've "hoarded" for the shtf situation is 7.62x54r because that stuff is getting expensive and harder to get, but it will store damned near forever in spam cans.
Honestly, I'm just getting tired of not having much of anything to show for the money I've had. Best investment so far is my car, I could sell it for over twice what I have into it. Other than that its all just numbers printed on paper. I figure that I'll buy a little bit of PM each month and I'll have something to show for it. If I break even on it, then it was a savings account that didnt give me the temtation to raid and buy misc truck parts.

 

At least you have something for your money...
If the economy takes off good silver will still go up from industrial demand...
If the economy goes down, silver goes up....
The dollar is the highest it's been so it can only go down, so silver will go up....
Can't cyber attack silver...
This is a good time to get PMs.....

 

James Rickards
From Wikipedia, the free encyclopedia

James G. Rickards is an American lawyer. He is a regular commentator on finance, and is the author of The New York Times bestseller Currency Wars: The Making of the Next Global Crisis, published in 2011, and The Death of Money: The Coming Collapse of the International Monetary System, published in 2014.

Biography[edit]
Rickards graduated from Lower Cape May Regional High School in Cape May, New Jersey, in 1969.[1] He graduated from The Johns Hopkins University in 1973 with a B.A.degree with honors and in 1974, from the Paul H. Nitze School of Advanced International Studies in Washington, D.C. with an M.A.[2] in international economics. He received hisJuris Doctor from the University of Pennsylvania Law School and an LL.M in taxation from New York University School of Law.[3]

As general counsel for the hedge fund Long-Term Capital Management (LTCM),[4][5] he was the principal negotiator in the 1998 bailout of LTCM[6] by the Federal Reserve Bank of New York.

Rickards worked on Wall Street for 35 years.[7] Rickards was the senior managing director for market intelligence at Omnis, Inc.,[6] a consulting firm.[3] On March 24, 2009, Rickards presented his view at a symposium at Johns Hopkins, that the U.S. dollar was facing imminent hyperinflation and was vulnerable to attack from foreign governments through the accumulation of gold and the establishment of a new global currency.[8]

On September 10, 2009, Rickards testified before the U.S. House of Representatives about the risks of financial modeling, VaR, and the 2008 financial crisis.[9]

 

Listen to all, follow none....

 

That coin shows titties and should therefore be worth more.

 

Athens - The First Fiat Currency Failure
Athens was the world’s first democracy. It was the strongest city state in Greece for a time. Athens developed free enterprise and a tax system.

When gold and silver become coinage in Athens it helped the city flourish for many years. Like many great civilizations they lost their way and became involved in a power struggle with the Spartans called the Peloponnesian War (from 431 to 404 BC).

After twenty two years of war they started to finance the war by debasingtheir currency. They mixed copper with their gold and silver. This deficit spending had disastrous results.

Over the next couple of years the once strong commodity money became practically worthless as it devolved into a fiat currency. People who were wise enough to employ Wealth Management techniques and put some of their wealth into gold and silver fared much better.

The economic costs were staggering and felt throughout Athens and Greece. Athens was devastated and never become a significant power again.

 

The Roman Empire – Fiat Currency Failures
For over 750 years The Roman Empire used currency debasement to pay for wars, public works programs and social programs. There were various methods including:

• Coin Clipping - The clippings were melted down to make more coins.
• Lesser metals were used – Metals such as copper were mixed into the gold and silver.

• Redenomination – The same coins were minted, but at a higher face value.
• Minting more coins without commodity backing.

Over time inflation in the Roman Empire went out of control.

Note: The first documented hyperinflation was recorded from the Roman Empire. A pound of gold was worth 50,000 denarii in 301AD. By mid century it was only worth 2.12 billion denarii. The price of gold had risen approximately 42,000 times. In other words, the currency had become worthless.

Currency debasement and deficit spending for the military, public works and social programs condemned the Roman Empire to the scrap pile of failed empires and nations.

 

You and your colleagues from the car dealership you work at?...


Yeah I'll take car salesman advice on world economies around the same time that I take sugar and cream with my coffee thank you very much.


Also, coins with tits on them will be worth more than any other coin once the world ends and free internet porn vids are no longer accessible.

 

That's from Janet Yellen, she is setting the table to justify further fed action...........

You will have silver and porn all in one, it's about consolidation......

There are words on the coin also. You were distracted by boobies....
It's the saying on the coin..... Listen to all, Follow none.....

 

I do like the silver shield/silver bullet collection. I just don't like the extra cost for design, I'm not looking at buying jewelry.