maple_leafs182

During and after his speech the dollar fell while gold and silver rose. I agree, I am still calling for triple digit silver.

He is a self proclaimed libertarian conservative, he has both conservative and libertarian views.

Ya, I buy maple leafs too. What do you pay usually, how much above spot?

I would say it depends on how you define conservative. If you look at someone like Ron Paul who is a conservative, he believes the reason why there is a growing income gap between the rich and the poor is because of fiat money. The inflation from the fiat system is a hidden tax on the people, it directly transfer the wealth of the the poor to the rich. Low taxes right now is a good thing for the economy, you want the money to stay in the private sector. Giving the money to the government to spend it isn't a good thing. Governments don't create wealth, they consume it. We need to rely on the private sector sector to create wealth and grow the economy. The problem with the Conservative party is they act as if the welfare programs that the other parties want are too costly yet they don't look at how much our foreign policy costs and try to cut spending there.

Fell back down to $44.87. It rose really fast and now it is falling really fast. I think it may be a good time to buy. I'll see what happens tomorrow.

That's how I see things too and that's why I have been telling people to buy. If monetary policy changes which I don't think it will, then I will change my outlook on silver, as for right now I am buying. I think if your with scotiabank you can buy from them, they might have to order it and you pay for shipping. I buy from coin shops, if you do it that way, phone around to make sure you get the lowest price and make sure you buy .999 silver. Also, there is no tax on silver, silver is money.

$49 right now. It is going up like crazy right now. I think it is going up way too fast, there will probably be a big pullback or the dollar collapse is speeding up.

Man silver is climbing fast now, its already at 44.50

its at 42.46 as of this second... I don't think they will announce QE3 within a month, I think QE2 still runs for a few more months.

I would say it depends. If the Fed continues to flood the market with dollars devaluing it leading to OPEC and China dropping the dollar. I would say silver would appreciate verse the dollar because the market would flood with even more dollars as people rush to get out of the dollar. I believe this will happen, this is why I believe there will be a QE3 or something similar, I may be wrong. If you want an exact dollar value I could not tell you but the number will be 3 digits. If the US admits it is bankrupt and the Fed stops flooding the market with dollars then the US is sure to go into a recession. Interest rates would skyrocket as people try to rebuild their savings. If this were to occur, I would think silver would depreciate verse the dollar as a result of deflation in the economy. As of right now I see no reason to sell my silver.

I've been telling people to buy silver on this forum for over a year, I still believe it is cheap. It's trading at almost $42 American. I know some people say that banks like J.P.Morgan are manipulating the silver market, they say J.P.Morgan is naked short selling silver which means there is more paper silver then real silver. If this is true and people start demanding the physical silver, J.P.Morgan will be forced to buy the silver off the market causing the price to rise even higher.

yes it will, we have hit peak growth since we hit peak oil. There is no hyperinflation in gold and silver, for hyperinflation to occur there would need to be a 50% increase in the price every month, we are nowhere near that. Also, if the dollar crashes, that would push gold and silver up when priced in dollars. I'll prove you wrong, I'll continue to hold and buy more silver, the price will eventually hit triple digits. The nice thing about silver is not only is it a precious metal, it is also an industrial metal. So unlike gold which is usually just hoarded, silver is hoarded and consumed. Don't get me wrong, eventually silver will fall, if the Fed raises the fed fund rate over 8%, I may start selling my silver.

That may be part of it but I can guarantee the price will go up, not assume, based on US monetary policy. Has anyone on this forum bought silver? I keep telling you guys too, I first said this at 16.50 an ounce, it is almost 41 dollars an ounce, it will continue to go up.

It is because oil is traded with US dollars and the US dollar is being devalued. Blaming Libya is a way to take the blame off of the Fed.

And these wars at their heart are economic wars. These wars are people trying to take others peoples resources. In all economic systems that we have tried, this is why wars have been and will continue to be a constant in our society unless there is some fundamental changes in our economic system.

I disagree. I don't believe there is much room for economic growth around the world. If there is significant economic growth, that would drive up the demand for, and the price of oil. Since the current global economy is built around cheap oil, higher oil prices will end up hurting the economy. Hitting peak oil may mean we have hit peak growth unless some other cheap alternative energy is found. China is also in a real estate bubble. I think China is due for a severe recession.

Dre, I am sure countrywide gave out its loans at a competitive rates to the banks. Also, Oil rising to $140 a barrel was largely responsible for the slowdown in the American economy prior to the collapse. Expensive oil was largely responsible for the eventual bursting of the bubble.

Why do wars occur, why do people steal, what leads to this sort of behavior? I believe our economic system is at fault. Our current economic model is based on profiting off of scarcity. When you have an economic system thrives on scarcity, expect people to fight over and steal those valuable resources.

I did not sat it is the root of all evil. There is no root to all that is evil. Blaming something on Satan is a cop out, if we are doing something bad it is our fault.

Make them believe he does not exist. Satan does not exist, there is no evil force behind all the bad things that occur. What people perceive as evil is their own perception which varies from culture to culture and person to person. Headhunters in Africa do not think what they do is evil, in their culture it is not evil. If you want to know why ever five seconds a child dies from starvation or a preventable disease, it is due to the failure of the market system which does not manage and distribute resources efficiently. It has nothing to do with Satan.

Nice.

I do not think the US will be able so sustain their economy for that long. Look at how much money they have pumped into the economy trying to create an inflationary boom and look at what is happening, minimal growth, higher unemployment and higher commodity prices. There will be a point where the US won't be able to pump any more money into the economy because the resulting inflation will be too much for the economy to take. Also, in China there is 1.5 million people a month migrating from rural areas to urban areas. Those people are going to need jobs which means china will have to increase production. China is heavily reliant on the US for consuming their goods but the US is in no shape to increase the amount of Chinese goods they consume in order to meet the increase amount of production needed to employ all those people. I know that America and others like to say the the revolutions in northern Africa and the middle east are occurring because the people want democracy, that is a lie. Those places have the highest youth unemployment in the world, that is why there is civil unrest. I believe China too will see civil unrest because the needed increase in the supply of jobs to meet the increase in demand. China will be facing some big problems of their own soon.

here is an excellent Rand Paul video It is Rand speaking on the floor on the senate about how Obama is taking the nation to war without having a debate in congress.

Both capitalism and state socialism are flawed. Neither system take in to consideration what the basic fundamental needs for human life are and then try to meet those needs. I advocate a resource based economy.

Most citizens and state government are borderline bankrupt too. What makes you say it is still quite a ways off.