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Thread: The Gold/Silver Standard

  1. #13

    Default Re: The Gold/Silver Standard

    Quote Originally Posted by Chulke View Post
    So, Burrocrat, do you agree that Silver and Gold are way undervalued?
    not necessarily, there are two sides to every coin. it could be the dollar is way overvalued. that is not silver or gold's fault. an ounce of silver or gold is always an ounce of silver or gold. how many papers you can trade it for changes all the time.

    value is a relative concept. if you are dying of thirst in a desert you will pay anything for water. if you want to get married to the hot chick down the street you will pay a lot more in the spur of the moment for a diamond. if you are hungry then you will sell your soul for a bowl of rice, hell i wasn't using it anyways.

    the trick to making a profit on any commodity is not to take it from someone who has it and likes it. you have to find somebody who has a need greater in value to them than what the item is actually worth.

    for example: hookers and cocaine. a young gal will cost a lot but the blow is free, she has lots of it but only one hoohaa. an old gal the coke is expensive but you can do her anyway you want for free, everybody has already seen it. now that may sound crude, but it's how it is. and i didn't make the rules, i just play with them.
    100g

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  3. #14

    Default Re: The Gold/Silver Standard

    LMAO! Burrocrat...I can see what you're saying!

    Typically though the more rare something is the more value it has hence what you're saying "value is a relative concept"

    So by that definition Silver has a relative value...there's less of it now then there was in history "only about half of it (777,000 tons)" in your words, Hence it should hold more value now then it did in history...Which it does, but the FED being the FED has manipulated it's value somehow to continue to pump the FIAT currency system we have today.

    IDK...it just seems to me that there is more value to be had there and we should be using it and mining more of it, if possible!


    China is knocking at our door...chomping at the bit, to get our country from us...I wouldn't trust anything they say or do...They know they can't invade when we default on our debt...and that's just a matter of time IMO! So they'll take it financially from us...


    Cheers!

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