Home Forums Classifieds Blogs Today's Posts Search Social Groups



  
SIGN-UP
Notices

Glock Talk
Welcome To The Glock Talk Forums.

 
  
Reply
 
Thread Tools Display Modes
Old 11-30-2010, 14:06   #241
Kadetklapp
Methberry PD
 
Join Date: Jan 2007
Posts: 6,603
Quote:
Originally Posted by 223242 View Post

Ok, I give. WTF is this all about?
Kadetklapp is offline   Reply With Quote
Old 11-30-2010, 16:27   #242
Warp
ΜΟΛΩΝ ΛΑΒΕ
 
Warp's Avatar
 
Join Date: Jul 2005
Location: NE of Atlanta
Posts: 30,045
Currently at $28.07
__________________
The only thing necessary for evil to triumph is for good men to do nothing.

I HIGHLY recommend Google Chrome and Adblock to all world wide web users. (I would have left GT a long time ago without these extensions!)
Warp is offline   Reply With Quote
Old 11-30-2010, 21:07   #243
certifiedfunds
Platinum Membership
Tewwowist
 
certifiedfunds's Avatar
 
Join Date: Apr 2008
Location: Caught in the Middle
Posts: 41,783


Quote:
Originally Posted by Warp View Post
Currently at $28.07
Beautiful, eh?

Wait till it crosses $100!
__________________
Im for law and order, the way that it should be. This songs about the night they spent protecting you from me. - Waylon Jennings
certifiedfunds is offline   Reply With Quote
Old 11-30-2010, 21:22   #244
emt1581
Curious Member
 
emt1581's Avatar
 
Join Date: Oct 2002
Location: Penn's Woods
Posts: 28,140
Quote:
Originally Posted by certifiedfunds View Post
Beautiful, eh?

Wait till it crosses $100!
I still say that is not a good thing.

-Emt1581
emt1581 is offline   Reply With Quote
Old 11-30-2010, 21:42   #245
UneasyRider
C.D.B.
 
UneasyRider's Avatar
 
Join Date: Dec 2005
Posts: 4,748
Quote:
Originally Posted by emt1581 View Post
I still say that is not a good thing.

-Emt1581
I am sure you are right, especially if you are not holding a lot of of silver.
__________________
"Freedom ain't Free" Ted Nugent at the House of Blues in Orlando.

"Both oligarch and tyrant mistrust the people, and therefore deprive them of arms." - Aristotle,
UneasyRider is offline   Reply With Quote
Old 11-30-2010, 21:44   #246
emt1581
Curious Member
 
emt1581's Avatar
 
Join Date: Oct 2002
Location: Penn's Woods
Posts: 28,140
Quote:
Originally Posted by UneasyRider View Post
I am sure you are right, especially if you are not holding a lot of of silver.
Even if you are...it's a sign that things are changing on many levels.

-Emt1581
emt1581 is offline   Reply With Quote
Old 11-30-2010, 21:54   #247
certifiedfunds
Platinum Membership
Tewwowist
 
certifiedfunds's Avatar
 
Join Date: Apr 2008
Location: Caught in the Middle
Posts: 41,783


Quote:
Originally Posted by emt1581 View Post
I still say that is not a good thing.

-Emt1581
Oh, no. Agreed. But there is a saying:

"What is going to happen is going to happen. Just make sure it doesn't happen to you."

And another:

"People will get what they have coming."
__________________
Im for law and order, the way that it should be. This songs about the night they spent protecting you from me. - Waylon Jennings
certifiedfunds is offline   Reply With Quote
Old 11-30-2010, 21:54   #248
certifiedfunds
Platinum Membership
Tewwowist
 
certifiedfunds's Avatar
 
Join Date: Apr 2008
Location: Caught in the Middle
Posts: 41,783


Quote:
Originally Posted by UneasyRider View Post
I am sure you are right, especially if you are not holding a lot of of silver.
Well, yeah, that too.
__________________
Im for law and order, the way that it should be. This songs about the night they spent protecting you from me. - Waylon Jennings
certifiedfunds is offline   Reply With Quote
Old 11-30-2010, 22:09   #249
G29Reload
Tread Lightly
 
G29Reload's Avatar
 
Join Date: Sep 2009
Posts: 12,212
Quote:
Originally Posted by certifiedfunds View Post
Worthless. Expired. Put it in a vending machine somewhere.
Huh? not at all. He wont retire on it, but its worth about $2

64 dimes are 90%.
G29Reload is offline   Reply With Quote
Old 11-30-2010, 22:24   #250
certifiedfunds
Platinum Membership
Tewwowist
 
certifiedfunds's Avatar
 
Join Date: Apr 2008
Location: Caught in the Middle
Posts: 41,783


Quote:
Originally Posted by G29Reload View Post
Huh? not at all. He wont retire on it, but its worth about $2

64 dimes are 90%.
It was sarcasm
__________________
Im for law and order, the way that it should be. This songs about the night they spent protecting you from me. - Waylon Jennings
certifiedfunds is offline   Reply With Quote
Old 12-01-2010, 00:21   #251
Don H
Senior Member
 
Don H's Avatar
 
Join Date: Dec 2005
Posts: 4,934
US Mint Sells Record 4.2 Million American Eagle Silver Coins In November

Survival/Preparedness Forum

http://www.zerohedge.com/article/us-...coins-november
Don H is offline   Reply With Quote
Old 12-01-2010, 08:36   #252
G29Reload
Tread Lightly
 
G29Reload's Avatar
 
Join Date: Sep 2009
Posts: 12,212
http://www.kitco.com/ind/Summers/nov292010.html
G29Reload is offline   Reply With Quote
Old 12-01-2010, 08:42   #253
certifiedfunds
Platinum Membership
Tewwowist
 
certifiedfunds's Avatar
 
Join Date: Apr 2008
Location: Caught in the Middle
Posts: 41,783


Quote:
Originally Posted by G29Reload View Post
The title is misleading. One must read all the way through the article, including the very last tiny paragraph.

Due for a correction/consolidation? Absolutely. "Collapse"? Not even close. Lots of dominoes left to tumble. Big ones.
__________________
Im for law and order, the way that it should be. This songs about the night they spent protecting you from me. - Waylon Jennings
certifiedfunds is offline   Reply With Quote
Old 12-01-2010, 09:09   #254
certifiedfunds
Platinum Membership
Tewwowist
 
certifiedfunds's Avatar
 
Join Date: Apr 2008
Location: Caught in the Middle
Posts: 41,783


Quote:
Originally Posted by blown03' View Post
US Mint Sells Record 4.2 Million American Eagle Silver Coins In November

Survival/Preparedness Forum

http://www.zerohedge.com/article/us-...coins-november
As panic starts to set in with the general public, and they realize that gold is out of reach, consumer silver purchases (if silver is available) will go through the roof.
__________________
Im for law and order, the way that it should be. This songs about the night they spent protecting you from me. - Waylon Jennings
certifiedfunds is offline   Reply With Quote
Old 12-01-2010, 10:08   #255
G29Reload
Tread Lightly
 
G29Reload's Avatar
 
Join Date: Sep 2009
Posts: 12,212
Quote:
Originally Posted by certifiedfunds View Post
As panic starts to set in with the general public, and they realize that gold is out of reach, consumer silver purchases (if silver is available) will go through the roof.
I beleive this is already happening, by the graph. Also the smaller denomination of a silver is more conducive to barter and trade on small items.

I'm with you on QE...I get it. Something else does concern me, mentioned toward the end of the article.

As the environment becomes more inflationary, interest rates will rise. In order to prop up the dollar and prevent a crash, the Fed could raise intereest rates. Or be forced to because other countries do. Money will chase higher rates.

If someone pulls a Volker, a la the early 80's/late 70s and see Carter era interest rates, say 18%, people may decide that pms are ripe to cash in and rather than keep them and their static value (non-interest bearing) take the proceeds and put them in income generating cash. The resulting sales would then put downward pressure on pms.

IE, if you have amassed 100k in cash, and rates are at 18%, you can create 18,000 in positive cash flow. Since me and others like me have some fixed liabilities (4.5% fixed mtg) that interest on the account alone would pay my mortgage.

In the long run, pms are still solid. I'm sure not selling any. However it is a fool who ignores the business and financial cycles and some sizeable swings are possible. The above scenarios mean that straight up forever is not likely. Of course as things come apart and the government falters with a failure, it would again be time to take money out of cash and get back into pms AGAIN.

As they said in the 80's, "Diversify and stay liquid!"
G29Reload is offline   Reply With Quote
Old 12-01-2010, 10:21   #256
humanguerrilla
Senior Member
 
humanguerrilla's Avatar
 
Join Date: Jul 2006
Location: the woods
Posts: 3,551
Weren't available until the 19th, right? So 4.2mil coins sold in 12 days. Wow.

Last edited by humanguerrilla; 12-01-2010 at 10:25..
humanguerrilla is offline   Reply With Quote
Old 12-01-2010, 10:47   #257
gatorbait69
Senior Member
 
Join Date: Jun 2008
Posts: 247
I've read through most of this thread. Some very good points made here by people much more intelligent on this topic than me. I am pretty well prepped, but this rise in silver has me interested.

Where is the best place to buy american eagles?

thanks in advance
gatorbait69 is offline   Reply With Quote
Old 12-01-2010, 10:58   #258
certifiedfunds
Platinum Membership
Tewwowist
 
certifiedfunds's Avatar
 
Join Date: Apr 2008
Location: Caught in the Middle
Posts: 41,783


Quote:
Originally Posted by G29Reload View Post
I beleive this is already happening, by the graph. Also the smaller denomination of a silver is more conducive to barter and trade on small items.

I'm with you on QE...I get it. Something else does concern me, mentioned toward the end of the article.

As the environment becomes more inflationary, interest rates will rise. In order to prop up the dollar and prevent a crash, the Fed could raise intereest rates. Or be forced to because other countries do. Money will chase higher rates.

If someone pulls a Volker, a la the early 80's/late 70s and see Carter era interest rates, say 18%, people may decide that pms are ripe to cash in and rather than keep them and their static value (non-interest bearing) take the proceeds and put them in income generating cash. The resulting sales would then put downward pressure on pms.

IE, if you have amassed 100k in cash, and rates are at 18%, you can create 18,000 in positive cash flow. Since me and others like me have some fixed liabilities (4.5% fixed mtg) that interest on the account alone would pay my mortgage.

In the long run, pms are still solid. I'm sure not selling any. However it is a fool who ignores the business and financial cycles and some sizeable swings are possible. The above scenarios mean that straight up forever is not likely. Of course as things come apart and the government falters with a failure, it would again be time to take money out of cash and get back into pms AGAIN.

As they said in the 80's, "Diversify and stay liquid!"
Not time to delve to deeply into your comments other than to say to remember that money chases performance.
__________________
Im for law and order, the way that it should be. This songs about the night they spent protecting you from me. - Waylon Jennings
certifiedfunds is offline   Reply With Quote
Old 12-01-2010, 11:12   #259
G29Reload
Tread Lightly
 
G29Reload's Avatar
 
Join Date: Sep 2009
Posts: 12,212
Quote:
Originally Posted by certifiedfunds View Post
Not time to delve to deeply into your comments other than to say to remember that money chases performance.
I think that was my point. If PM's start to tank because of selling pressure (taking profits) to then turn around and put cash into high interest bearing accounts to produce a high rate of return then that's the cycle just kicking in.

Of course, high interest rates will choke the economy, tank tax revenue to the government and generally f' things up. Eventually gov stability is threatened and people start to flee the dollar because things are looking Weimar republic/Argentina, and the pendulum swings again towards pm's.

In other words, stay on your toes.
G29Reload is offline   Reply With Quote
Old 12-01-2010, 14:29   #260
certifiedfunds
Platinum Membership
Tewwowist
 
certifiedfunds's Avatar
 
Join Date: Apr 2008
Location: Caught in the Middle
Posts: 41,783


Quote:
Originally Posted by G29Reload View Post
I think that was my point. If PM's start to tank because of selling pressure (taking profits) to then turn around and put cash into high interest bearing accounts to produce a high rate of return then that's the cycle just kicking in.

Of course, high interest rates will choke the economy, tank tax revenue to the government and generally f' things up. Eventually gov stability is threatened and people start to flee the dollar because things are looking Weimar republic/Argentina, and the pendulum swings again towards pm's.

In other words, stay on your toes.
I have a general faith in the government and the fed to **** things up. That's only bullish IMO.
__________________
Im for law and order, the way that it should be. This songs about the night they spent protecting you from me. - Waylon Jennings
certifiedfunds is offline   Reply With Quote

 
  
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump




All times are GMT -6. The time now is 02:26.




Homepage
FAQ
Forums
Calendar
Advertise
Gallery
GT Wiki
GT Blogs
Social Groups
Classifieds


Users Currently Online: 605
139 Members
466 Guests

Most users ever online: 2,672
Aug 11, 2014 at 2:31