The case against Dr. Paul

[dash]

zactly

From now on anyone who discusses my ignore list...gets put on my ignore list.

I wanted to link to Will Farrell's Axis Of Evil SNL bit, but it's gone from youtube. Here's a transcript:

President George W. Bush: Good evening, America. I'm very happy to be back in this country, after my very successful trip in the Pacific Rim. I'm heartened to hear that, for the most part, the people of this country show strong support for my agenda. However, lately, there are some who are beginning to criticize this administration. Maybe these people don't understand - America is presently at war. Not just a war on terrorism; but we are engaged in a deadly stand-off with an Axis of Evil. You know who I'm talking about - Iran, Iraq, and one of the Koreas.

But my Axis of Evil doesn't seem to interest the people out there. Some people just want to talk about the economy, and budgets, and Enron. I bet most of you out there don't even understand Enron. I sure as heck don't! It hurts my head to think about it. So, from now on, Enron will be part of my Axis of Evil. I don't want to hear anything else about Enron, unless our military has pounded it into submission. So, look out, Enron - you're now part of the Axis of Evil.

So is the Economy. I don't like the way this economy is acting; not very American, it's evil! The economy is now a part of my Axis of Evil.

Also, I don't like Sen. Tom Daschle. You know why? He's very critical. You know where that leads him? You got it. He's now part of the Axis of Evil.

So, quick recap - that's Iran, Iraq, Enron, the Economy, and Daschle, and one of those Koreas. They all form a terrible Axis of Evil, standing in the way of all that we as Americans value.

And don't forget France. The French don't like me saying "Axis of Evil", so guess what? They're now a part of the very same Axis of Evil that they don't like me saying. How do you like them apples, France? Next time, you keep your mouth shut. You mess with Texas, and it's straight to the Axis of Evil, got it?

Germany, Italy, Japan - they were the original Axis of Evil. Maybe they thought I would forget, but I didn't. They're back in!

Here's one you probably didn't expect - Dick Cheney. Now, he's up to something, and I don't like it! He's never around. If I'm in the White House, he's not. If I'm on a plane, no where in sight. He's very sneaky; not to mention, scary. I'm putting him in the Axis of Evil - for now.

Evil Knievel's going in the Axis of Evil - but that's a no-brainer. But Dr. Evil? No; he makes me laugh, so he's out.

So, you see, America? There's nothing to fear. Everything's fine. You go out and buy your new cars, fly on airplanes, and invest in K-Mart. Don't listen to what the economists say. Why? Because they like math, and math is very much a part of the Axis of Evil.

And you know what else is part of the Axis of Evil? "Live, from New York, it's Saturday Night!"

-Dave

 

[gambling_cruiser]

Snip...

One thing just occured to me today, is that even if you have nothing of value and a negative net worth, you do have something you can sell. You can sell your credit rating. You do this by getting cash advances on your credit cards and buy PM's. Then sit back and wait. You don't even need to pay off the card -- let your credit rating get trashed. You've just sold your credit rating for hard, cold money (silver + gold).

It is a daring move, not without risks. But nothing ventured, nothing gained.

-Dave

(boulding is mine)
That's good!
Trashing your credit rating in favor of precious metal speculation!
Ask the Hunt brothers if this is sound advice! (Hint: Silver toped in 1980 at about $50 per oz., 1990 was down to below $5 per oz.)
If you are in a hurry you can play roulette with your borrowed money!
I have seen seven times red in a row.
If it doesn't work you can always play russian roulette with a Glock.

 

[dash]

Trashing your credit rating in favor of precious metal speculation!
Ask the Hunt brothers if this is sound advice! (Hint: Silver toped in 1980 at about $50 per oz., 1990 was down to below $5 per oz.)

Regarding the Hunt brothers, do you know that they would have been able to corner the market, as they intended. They had middle eastern money backing them, they had unlimited funds to work with. What happened was the government changed the rules and reduced the amount of long positions that could be bought on margin. It wiped the Hunt brothers out almost overnight, because they couldn't raise that much capital quickly enough.

This won't occur for small investors like you and me.

Note this diseased debt based economy is on its last legs. In the past there was a lot of saving, people tended to avoid debt, and one's credit rating didn't matter. Now we've been programmed to consider our credit rating as a mark of holiness, and it must be preserved at all costs. It only has meaning in a debt based society. But who says we need to go into debt at all? For many, many years to come there will be houses to rent, and you won't want to buy anyway while housing prices continue to fall. Everything else besides your car you can buy with cash. Use credit cards for convenience, not to maintain a balance.

The system is collapsing anyway, why not exploit it a little one last time? There are going to be so many people in bankruptcy or who walk away from their various debts that a few more won't matter. Think individually, what each person can do to improve their lot in life.

Finally there are just certain times in history when everything comes together, when formerly risky things are almost not risky at all. But I do state buying PM's on credit is a risky decision. I choose not to do it because I own my home, and I don't really need to. But young people with debt anyway and credit cards, perhaps they have nothing to lose -- except their credit rating itself. And maybe that's overvalued now anyway.

I'm just encouraging people to consider more possibilities. If you're unhappy with your vote not counting anymore, with the liar politicians that promise everything and deliver nothing, vote with your wallet. Pull money out of the system. Then there will be change.

-Dave

 

[Chaos]

Ugh...yes, that's certainly true. We're speaking of future events. What might come to pass. If you can guess what the future holds, you can make a lot of money.

That would require your guess to match up with reality, not your fantasies to match up with your fantasies.

China has a lot of silver.

Step #1 -- dollar collapses. It's ongoing. Fed doesn't care. American public is asleep. It's happening.

Utter nonsense. We hear this doom-and-gloom crap nonstop, but nothing ever comes of it.

Step #2 -- dollar goes to essentially zero value.

Utter nonsense. We know exactly what has to happen for a currency to become worthless. When the US has lost a world war, or has been bombed to rubble from one end to the other, or something similar, THEN I´m going to take such claims serious.

Step #3 -- World demands some solid replacement for the dollar. Burned by fiat currencies, they don't simply want yet another one, so

Being far too smart to fall for gold- and silver-standard nonsense, they´ll look at other major currencies.

Step #4 -- China comes to the rescue, perhaps with their own Yuan, only you can redeem it for silver at some fixed rate. World says, "Hooray!" and starts hoarding yuan and silver. China is instantly the wealthiest nation on earth.

They´ll look at the current Number One Success Story, as currencies go: the Euro.

It this likely? I don't know. All I'm sure of is the dollar is going down, down, down, and silver is going up, up, up. Both are happening right now, and have been happening for years now. The trend is accelerating.

-Dave

Is it likely? I do know: it isn´t. Soaking up the demented ramblings of some loonies on the internet is NOT a substitute for knowing what you are talking about.

 

[dash]

They´ll look at the current Number One Success Story, as currencies go: the Euro.

Oh I don't know...The Euro is showing signs of cracks. It's hard holding all the nations to a single currency. There is pressure building to rip it apart.

The Euro being successful is merely relative. Its value has fallen less quickly than the dollar. So it's relatively a better store of wealth than the dollar -- you lose your wealth more slowly.

USA, UK, Europe -- they're all in the same boat. As long as the USA is trying to inflate the money supply or collapse, they have pressure to follow suit. Their exports to the USA depend on a strong enough dollar. But they're all suffering massive inflation while trying to match the USA's inflationary policies. China in particular is having a hard time of it. At some point they'll have to give up trying to prop up the dollar by destroying their own currencies.

These things go in cycles.

1) PM backed currency is used, there is economic stability. People trust paper money as it is redeemable in PM's. (Precious Metals)
2) Time goes on. People forget economic hardship + instability. They forget the paper represents the PM's, and they think the paper is the money.
3) Government starts buying votes by tinkering with the money supply, causing price inflation. People have forgotten there this leads.
4) Eventually it gets worse and worse, the economic system collapses, the paper money becomes worthless
5) People realize the PM's were the money all along, not the pieces of paper. So they demand a PM backed currency. And it all starts over again...

There are things called Kondratieff Waves http://en.wikipedia.org/wiki/Kondratiev_wave

Is the theory a reflection of reality? Remember that reality is reality. It doesn't matter whether a majority of experts agree with a theory or not. The majority can, and is often, wrong.

-Dave

 

[Chaos]

Oh I don't know...The Euro is showing signs of cracks. It's hard holding all the nations to a single currency. There is pressure building to rip it apart.

No more so than your delusions about what´s happening to the US-$... i.e. not at all.

The Euro being successful is merely relative. Its value has fallen less quickly than the dollar. So it's relatively a better store of wealth than the dollar -- you lose your wealth more slowly.

USA, UK, Europe -- they're all in the same boat. As long as the USA is trying to inflate the money supply or collapse, they have pressure to follow suit. Their exports to the USA depend on a strong enough dollar. But they're all suffering massive inflation while trying to match the USA's inflationary policies. China in particular is having a hard time of it. At some point they'll have to give up trying to prop up the dollar by destroying their own currencies.

These things go in cycles.

1) PM backed currency is used, there is economic stability. People trust paper money as it is redeemable in PM's. (Precious Metals)
2) Time goes on. People forget economic hardship + instability. They forget the paper represents the PM's, and they think the paper is the money.
3) Government starts buying votes by tinkering with the money supply, causing price inflation. People have forgotten there this leads.
4) Eventually it gets worse and worse, the economic system collapses, the paper money becomes worthless
5) People realize the PM's were the money all along, not the pieces of paper. So they demand a PM backed currency. And it all starts over again...

And in which weird alternate reality of yours have such things happened? Don´t give me any of your usual blathers. I want the name of the countries where such things happened, and the years in which it happened.

There are things called Kondratieff Waves http://en.wikipedia.org/wiki/Kondratiev_wave

Is the theory a reflection of reality? Remember that reality is reality. It doesn't matter whether a majority of experts agree with a theory or not. The majority can, and is often, wrong.

-Dave

Experts are experts for a reason. They´re certainly not infallible, but they are much more likely to be right than some conspiracy fantasist who has been smoking stuff that definitely isn´t good for him.

 

[dash]

Experts are experts for a reason. They´re certainly not infallible, but they are much more likely to be right than some conspiracy fantasist who has been smoking stuff that definitely isn´t good for him.

Oh, Chaos, perhaps for you there's no hope. Your attitude does not inspire me with a wish to enlighten. Fine...I'm full of balony, I'm delusional, the world economy is in tip top shape. You're right, I'm just smoking some bad dope. So no need to worry about any of this stuff anymore, you've got all the answers.

One interesting quote:

Science is the belief in the ignorance of experts
-- Richard Feynman

-Dave
PS If anyone else cares to ask politely, I might go into some details Chaos asks about. But I really am sick of the belligerent ignorance so often displayed...it's like some people are incapable of conceiving there might exist knowledge they don't posess. I've said this before: It's ok -- the world needs ditch diggers too.

 

[gambling_cruiser]

Snip
-Dave
PS If anyone else cares to ask politely, I might go into some details Chaos asks about. But I really am sick of the belligerent ignorance so often displayed...it's like some people are incapable of conceiving there might exist knowledge they don't posess. I've said this before: It's ok -- the world needs ditch diggers too.

I would like to read the details, please dash let us know.

 

[dash]

I would like to read the details, please dash let us know.

Regarding the forces pushing against the Euro, I'm going on anecdotal evidence and discussions I've had with other people in other forums -- people who I learn from often, instead of people I teach to.

I dug up this link, which I had read before. It details some of the intrinsic problems with the Euro. It is an old document, 1998.

http://www.law.harvard.edu/programs/pifs/pdfs/scott_euro.pdf

Look on page 4, section "A. The Basic Problems". The gist of the problem is that countries that inflate their currency can do so, to the detriment of all the other countries that don't engage in such toxic practices, and basically can only receive a slap on the hand. These conditions make it ripe for a race to the bottom.

Intuitively I don't like the idea of a whole lot of nations being forced to use a single currency. I don't think the benefits outweigh the problems. The Euro was just an experiment anyway, I think perhaps to compete with the giant USA. Or perhaps it was an experiment, of the "New World Order" variety -- can you impose a single currency on a group of sovereign nations? If so, then perhaps it can be extended throughout the world. A single currency becomes "One Ring To Rule Them All And In The Darkness Bind Them," in my opinion. It scares the crap out of me.

Now regarding my steps on 1-5 about how money goes in cycles, I will leave this as exercise for the reader. The link I posted before:

http://www.richdad.com/RichDad/RichContent.aspx?cpid=62

Click on the 4th video "2008 Predictions: Mike..." and watch the 26 minute video.

Now from my point of view I'm not a hard sell on the concept. Meaning I don't need too much convincing myself, because it all fits in with my common sense anyway. I already know paper fiat currencies are backed by faith alone, not PM's. And I know the government is abusing the money supply. And I know PM backed currencies are much more immune to this tactic. And I know most people don't understand what money is, or that there ever was a period where paper money was a representation of gold or silver.

It's just putting it all together. Those who don't understand history are condemned to repeat it! I've posted lots of links in other postings where people can start getting information. Understanding this stuff in an intuitive way can't really be reduced to a 10 second sound bite. People will have to do their own research.

This all really is a bitter pill to swallow. The US economy is in really, really bad shape. So is UK, so is Europe, but the US is in much worse shape. We're far deeper in debt than any other country. And rather than trying to dig our way out, we're digging deeper!

Even playing by Keynesian economics, the government (and the Fed) have abused the money spigot. The theory was to in times of boom, raise taxes and take the edge off the economy, and therefore run a budget surplus. Then in times of recession, spend the built up wealth in order to kickstart the economy. In theory the up + down cycles can be smoothed out to create a stable, level situation. In practice...we've just kept spending, and we've never built up a surplus. Perhaps Keynesian economics might work if it was religiously adhered to. But it hasn't been.

Regarding Chaos' last bit about "Experts are experts for a reason" I think I already responded to that with Feynman's quote. I don't automatically accept the word of "experts" as gospel. Nobody should.

Most experts today are experts because they've managed to accumulate a mass of blind followers. I try not to be a blind follower.

-Dave

 

[Chaos]

Oh, Chaos, perhaps for you there's no hope. Your attitude does not inspire me with a wish to enlighten. Fine...I'm full of balony, I'm delusional, the world economy is in tip top shape. You're right, I'm just smoking some bad dope. So no need to worry about any of this stuff anymore, you've got all the answers.

One interesting quote:



-Dave
PS If anyone else cares to ask politely, I might go into some details Chaos asks about. But I really am sick of the belligerent ignorance so often displayed...it's like some people are incapable of conceiving there might exist knowledge they don't posess. I've said this before: It's ok -- the world needs ditch diggers too.

Funny... "belligerent ignorance" is EXACTLY the right word to describe YOUR attitude. And I guess you ARE, in fact, incapable of conceiving there might exist knowledge you don´t posess.

Unfortunately, what I cannot figure out is how, being as you are, you plan to find work as a ditch digger.

 

[dash]

Funny... "belligerent ignorance" is EXACTLY the right word to describe YOUR attitude. And I guess you ARE, in fact, incapable of conceiving there might exist knowledge you don´t posess.

Unfortunately, what I cannot figure out is how, being as you are, you plan to find work as a ditch digger.

Oooh, you sure put me in my place. Welcome to my ignore list!

-Dave
ETA - When I was a kid we used to say, "I know you are but what am I?" when someone insulted us. Glad to see it's still in style!

 

[Corsair 115]

Oooh, you sure put me in my place. Welcome to my ignore list!

Maybe I'm misreading this, but you seem almost proud when you announce your ignore list and all the folks you've added to it.

 

[dash]

Maybe I'm misreading this, but you seem almost proud when you announce your ignore list and all the folks you've added to it.

Sure, I feel pride in it. It takes work to figure out who to ignore.

-Dave

 

[Corsair 115]

Sure, I feel pride in it. It takes work to figure out who to ignore.

Hey, what happened? Did I get paroled off the list?

 

[gambling_cruiser]

You - and I suppose most most of dash's ignore list - are only part time ignored.
If he is in the mood he peeks what's happening, if not everbody who might not agree with him is shunned.

 

[dash]

Hey, what happened? Did I get paroled off the list?

You were off, but since you mentioned it again you're back on.

All this should be taken with humor. I'm actually kind of regretting mentioning my ignore list, the joke has run its course. I mean it's funny and all...but yeah, we get it.

I just wish people wouldn't knee-jerk call me a woo spouter. That really bugs me. What I'm talking about deserves a fair hearing. Most people before the 1929 crash couldn't conceive the boom wouldn't go on forever -- by its very definition the crash had to be a surprise to most people.

Yeah, economists predicted 7 of the last 5 recessions and all. But a lot of stuff is happening all at once right now. This looks like the big one. And yeah, just because there are a lot of conspiracy nuts out there doesn't mean there aren't any conspiracies...The conspiracy being how media often just goes along with government statistics and the party line that everything's fine, the economy is strong, we have a strong dollar policy...

Incidentally silver has pulled back about $1.00 from the high. This temporary run up was a bit fast, a correction was almost guaranteed. $19.48 per ounce at the moment.

-Dave

 

[Foolmewunz]

Yes i already know this, but thank you for the useless explanation. I dont feel the need to fully explain the fact that i was just acknowledging what Dash was talking about. You seem to be stuck on explaining this when everyone already knows what it is and was.
MAy i ask why???
Whats was the point in explaining what VooDoo Economics was, and then beating your chest like you are winning some sort of debate on the topic?

As quoted by you:
"Bush Sr. used the term to refer to Reaganomics"
Reaganomics had to do with which president might i ask?

Why don't you just do what Dave did and say you use the term to mean whatever you want it to mean (and his explanation is sort of acceptable, since his previous posts had been referring to economics texts as "voodoo", not referring to "voodoo economics". Again, just because it had Reagan in the same sentence does not mean either of you had it right. Your ignorance of economics is showing through if you continue to insist that you understood what you were discussing rather than just patting yourself on the back from being a clever young thing.

After you answer that proceed to next question.

So would it not be accurate to state that "Voodoo Economics" had something to do with Reagan?

This is all i claimed it to be? You seemed to be stressing the fact that i was wrong. Yet are failing to tell me what i claimed?

Yes. You were wrong. Dash was wrong in thinking that the term originated as a condemnation of Keynesian economics. It didn't. It originated as a condemnation of Reaganomics, Supply Side Economics, or Trickle Down Economics, if you will. If you can't see the difference between those items (and your back-patting agreement with him as to how you're young but not stupid), then maybe before you enter into discussions on politico-economics, you should learn a few of the basics. Saying that a statement was "related" to Reagan and therefore you were right is just plain absurd. That's like saying that Teddy Roosevelt supported the monopolies and trusts because you once heard a teacher mention the two in the same paragraph.

When you can tell me the claim i made in order to be wrong on the topic, then I will bow out of the conversation and acknowledge your intellectual dominance over me.

I don't really give a crap about intellectual domination. I've got ties older than you - I'm supposed to know more about certain topics than you.

You will not be able to point to a claim because i did not make any regarding "VooDoo Economics" and what it actually was. My only claim was that i already knew it had to do with Reagan.

Lather. Rinse. Repeat.

Your posts seem to be rather pointless attacks on individuals with arguments you are making up in your head.

I don't do the irony meter thing. Imagine one here, please.

I have to always repeat myself when i shouldnt because it is a ****ing forum and you can go back and read what i wrote over and over until you get the point, but here i go again....

I NEVER STATED ANYTHING ABOUT "VOODOO ECONOMICS" THAT I COULD BE WRONG ABOUT. THUS MAKING THE ENTIRE POST I HAVE QUOTED A MADE UP ARGUMENT BETWEEN YOU AND I.

You merely agreed with someone who made a wrong statement. If A is wrong and you agree with A, then you're wrong. That's kinda simple, isn't it.

Does anyone else not notice this silliness or can someone here find where i stated something wrong about the topic?
Rather my only statement was that i knew what it was.

Lather. Rinse. Repeat.

Is their a name for this tactic used in debating because i have never come across something so mind numbing?

The name for this tactic is "picking apart smug self-congratulatory posts" when they're based on a firm foundation of quicksand.

 

[Foolmewunz]

You were off, but since you mentioned it again you're back on.

All this should be taken with humor. I'm actually kind of regretting mentioning my ignore list, the joke has run its course. I mean it's funny and all...but yeah, we get it.

I just wish people wouldn't knee-jerk call me a woo spouter. That really bugs me. What I'm talking about deserves a fair hearing. Most people before the 1929 crash couldn't conceive the boom wouldn't go on forever -- by its very definition the crash had to be a surprise to most people.

Yeah, economists predicted 7 of the last 5 recessions and all. But a lot of stuff is happening all at once right now. This looks like the big one. And yeah, just because there are a lot of conspiracy nuts out there doesn't mean there aren't any conspiracies...The conspiracy being how media often just goes along with government statistics and the party line that everything's fine, the economy is strong, we have a strong dollar policy...

Incidentally silver has pulled back about $1.00 from the high. This temporary run up was a bit fast, a correction was almost guaranteed. $19.48 per ounce at the moment.

-Dave

I think silver and gold are hovering at emotional milestones.... $20 and $1000 respectively. The trick now is to see if either one gets over the hump. I also think institutional buyers may have programmed a sell for somewhere around the $20 mark.

IIRC, the last time we had a run-up on silver it was based on a couple of factors we don't have this time: The Bass brothers trying to corner a big share of the market, plus the needs of the film industry (anyone remember "film" for cameras?)... where they purchased huge lots of silver every year, right about this time. The Bass boys were relying on that big lumpsum purchase to drive the price up by a mere dollar or two, but the market had driven it up much to far with similar recession fears as to what we're going through now. The boys made their money, but the market tanked when Kodak and Fuji didn't come through with the big buy that everyone expected.

I anticipate the price will continue to go up, but I think the new players are not going to make the big bundle. The time to buy was last year at $11.00. I'd set a sell rate at about 23.50 and prepare to get out earlier if it doesn't achieve that within six weeks.

In case it's not clear, I think Silver, Gold, Paladium, et all are a good investment play at certain times. This happens to be one of them. I just don't recommend selling the family estate and hoarding the stuff in the basement. As one part of a portfolio, it's sound investment strategy, especially when government paper is so low. Over the long haul, though, I'd stay with real estate (takes nerves of steel in today's US market, but the bargains are out there if you have any liquidity).

Dave, if you'd be a little more clear when you're being funny, we could do that Rodney King thing a lot more easily. There are a couple of other cantankerous people on these forums that I've always said I'd rather have a pint with than many others, just because the conversations would be more fun than meeting people who I agree with on most topics.


Drat! This is supposed to be a Ron Paul thread. Sorry, I forgot.

Back on topic:

Oh, yeah! Well Ron Paul is a bum!

 

[dash]

I anticipate the price will continue to go up, but I think the new players are not going to make the big bundle. The time to buy was last year at $11.00. I'd set a sell rate at about 23.50 and prepare to get out earlier if it doesn't achieve that within six weeks.

In case it's not clear, I think Silver, Gold, Paladium, et all are a good investment play at certain times. This happens to be one of them. I just don't recommend selling the family estate and hoarding the stuff in the basement. As one part of a portfolio, it's sound investment strategy, especially when government paper is so low. Over the long haul, though, I'd stay with real estate (takes nerves of steel in today's US market, but the bargains are out there if you have any liquidity).

Regarding silver, I expect it to just keep rising steadily. It hasn't risen enough to attract any big investors. It's just trickle investment for the most part, I think. Plus it is very heavily manipulated on the COMEX futures market. There are huge short sellers that don't cover even when they lose -- they just pay cash and eat the loss. I think it's part of the government's market manipulation strategy -- they control silver and gold prices as best they can, to try to keep people believing in the solidity of paper money.

I am not 100% invested in silver or gold. Only about 20%. I just think PM's should be a part of any investment strategy, just another aspect of diversification. Shouldn't be 0%, shouldn't be 100%. Somewhere in the middle. I certainly expect silver to go through $25 and keep going up. Gold will keep going up as well.

Real estate is going down from here. The easy loans are all gone, foreigners who were pouring money into the SIV's have gotten burned so bad they've wised up to the game. The peak prices are unsustainable no matter what the Fed tries to do. And a collapse is self reenforcing.

In Japan, according to Peter Schiff, they suffered a 12 year decline in housing values from the peak. So a $1M house after 12 years became worth $300K. And that was in an environment where there were no SIV's, no ARM's, no 0 money down loans to people who merely stated their income, but didn't prove it. The Japanese were honor bound to continue paying their loans off -- default was considered a loss of face. Contrast this to in America where if the value of the home is below what is owed on it, the typical American will laugh and tell the bank to just take the home. So when Japan's boom collapsed we saw a loss of 70% of the value of real estate. How low might it go in the USA? This is Peter Schiff's argument.

Wait for a clear bottom on real estate before even thinking of buying. We haven't gotten through all the bad news yet. Things continue falling. Don't worry about missing the bottom, prices will sit there for a while before they start rising again. Don't try to catch a falling knife!

I think there is truth to the speculation that 500 ounces of silver will buy a nice house in the not too distant future. I'm investing part of my kids' trust funds in silver. Hopefully they can have a good start in life.

Thanks for your kind words though. These forums can be so much more pleasant if we're all just civil.

-Dave

 

[dash]

Incidentally silver has pulled back about $1.00 from the high. This temporary run up was a bit fast, a correction was almost guaranteed. $19.48 per ounce at the moment.

Well it's back up, up about $1 at the moment to $20.74...

I wonder if that's because Hillary won Ohio and Texas -- people are scared she might win.

-Dave