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Merged Silver Over 40.00 / Real and fake prices

michaelsuede

Graduate Poster
michaelsuede
Joined
Mar 21, 2011
Messages
1,565
Praise the Bernank for printing money which drives the value of my physical silver holdings higher.

Of course, I have sympathy for the great unwashed who will be wiped out as inflation destroys their meager incomes.

But fear not, the bankers who are currently flipping bonds back to the Fed within a week of their issuance are making a fat payday every POMO day and will continue to live in their shining mansions on the hill.

If you are kind to them, they may feel pitty for you and provide you with handouts and perhaps some rice to feed your families.

Praise Mao, and may the Bernank reign supreme forever.
 
timhau said:
Yes, because things will never get so bad that people won't trade food for shiny objects.
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People are trading 40.00 dollars of fiat money for shiny objects right now.

I don't think it is any more of a stretch to trade food for shiny objects when those paper dollars are worthless.

In Zimbabwe, what little remains of the economy functions on the trade of gold.

http://www.youtube.com/watch?v=7ubJp6rmUYM
 
timhau said:
Oh yes, Zimbabwe. 'Cause that's where we're headed. All inflation automatically leads to hyperinflation :oldroll:

The hyperinflation in Mugabeland has actually caused them to do business in U.S. Dollars (and Euros, and UK Pounds).
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The International Accounting Standards Board, which describes hyperinflation as "a cumulative inflation rate over three years approaching 100% (26% per annum compounded for three years in a row)"

Commodities markets are currently increasing at about a 22% annual rate, and are accelerating.

We will experience hyperinflation.

There is only one way we would not experience hyperinflation, and that is if the Fed stops printing and the government stops spending.

Neither of those will happen, therefore we will experience hyperinflation.
 
michaelsuede said:
A lot of real goods and services.

I might be able to feed myself for a few days with a single pre-1946 dime.
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Not likely. If the monetary system did collapse so would the economy and no one is going to be willing to give you something useful (food) in exchange for something that is not useful (silver)
 
michaelsuede said:
The International Accounting Standards Board, which describes hyperinflation as "a cumulative inflation rate over three years approaching 100% (26% per annum compounded for three years in a row)"

Commodities markets are currently increasing at about a 22% annual rate, and are accelerating.

We will experience hyperinflation.

There is only one way we would not experience hyperinflation, and that is if the Fed stops printing and the government stops spending.

Neither of those will happen, therefore we will experience hyperinflation.
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Lol so you are saying that if you redefine inflation you can call the current near zero inflation rate hyperinflation.
 
Bought a 100 oz silver bar not that long ago in Nov 2009 at under $18/oz

Should I sell it already :D
 
lomiller said:
Lol so you are saying that if you redefine inflation you can call the current near zero inflation rate hyperinflation.
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The Fed redefines inflation by stripping out half of what consumers spend their money on.

Food and energy.

The notion that these should be removed from the core CPI, while housing should take up over 40% of the adustment, is patently ridiculous.

Keep laughing.

In the end, the markets will have the last laugh.

As will I.
 
Frank Newgent said:
Bought a 100 oz silver bar not that long ago in Nov 2009 at under $18/oz

Should I sell it already :D
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No, silver is about to undergo an exponential increase in price.

I think silver has the chops to actually beat gold in price because it has been so severely manipulated and has much higher industrial usage rates.

I think it is entirely plausible that we could see silver around a thousand in fairly short order.

Right now we will see silver price increases accelerating on an almost daily basis as JP Morgan has no silver left to manipulate the markets with.

Their naked shorts are about to come unwound.
 
Frank Newgent said:
Bought a 100 oz silver bar not that long ago in Nov 2009 at under $18/oz

Should I sell it already :D
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In Apr of 09 I bought 300 shares of BMO for $31, it’s now selling for $65 has paid me $1800 in dividends and should pay me at least $900 more every year. Should I sell it already?
 
lomiller said:
In Apr of 09 I bought 300 shares of BMO for $31, it’s now selling for $65 has paid me $1800 in dividends and should pay me at least $900 more every year. Should I sell it already?
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Precious metals and hard commodities always out perform the market during a hyper-inflationary scenario.

I would recommend selling the stock while it still has value.

Historically we know this to be true in virtually every instance.
 
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