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Author Topic: The price of gas is still 20 cents, in 90% silver dimes.  (Read 6620 times)
MoonShadow
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August 02, 2011, 02:23:55 AM
 #1

http://whiskeyandgunpowder.com/gas-prices-dont-move-much-in-good-currencies/

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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TheGer
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August 02, 2011, 08:33:12 PM
 #2

ahhh  Silver, God love it!
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August 02, 2011, 08:39:30 PM
 #3

Problem is, you're only getting paid $0.40/hr in 90% silver dimes.  Wink
TheGer
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August 02, 2011, 09:32:50 PM
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I don't see the problem.  I'll take silver dimes any day.


Problem is, you're only getting paid $0.40/hr in 90% silver dimes.  Wink
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August 02, 2011, 10:21:30 PM
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I don't see the problem.  I'll take silver dimes any day.


Problem is, you're only getting paid $0.40/hr in 90% silver dimes.  Wink
I'm just saying, the price of gas only costing you $0.20 in 90% silver dimes is a pretty pointless metric.  It's still the same percentage of income today as it was back in the 60's (give or take 20%).
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August 02, 2011, 10:25:16 PM
 #6

That's the point of owning Gold and Silver.  It keeps its value against Inflation.
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August 02, 2011, 10:41:57 PM
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That's the point of owning Gold and Silver.  It keeps its value against Inflation.
Right, but a lot of other investments grow faster than inflation.  Why would I invest in gold/silver when there are better options for investment?
TheGer
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August 02, 2011, 10:49:14 PM
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It's not and investment.  It's value doesn't change.  The only thing that changes is the value of what you use to buy it.

USD goes down, price of Gold goes up.  USD goes up, price of Gold goes down.

Price of Gold in 1950 was about $34.  The value of the USD has dropped so much that $34 then is worth over $1600 now.  In non Gold terms we can equate this to the price of a really nice suit.  Worth about $34 then, and about $1600 now.

This is what the Bankers have done to our Dollar.
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August 02, 2011, 11:08:18 PM
 #9

It's not and investment.  It's value doesn't change.  The only thing that changes is the value of what you use to buy it.

USD goes down, price of Gold goes up.  USD goes up, price of Gold goes down.

Price of Gold in 1950 was about $34.  The value of the USD has dropped so much that $34 then is worth over $1600 now.  In non Gold terms we can equate this to the price of a really nice suit.  Worth about $34 then, and about $1600 now.

This is what the Bankers have done to our Dollar.
It IS an investment.  You can't buy things with it directly (except for gas in Ashland).
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August 03, 2011, 01:08:49 AM
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That's the point of owning Gold and Silver.  It keeps its value against Inflation.
Right, but a lot of other investments grow faster than inflation.  Why would I invest in gold/silver when there are better options for investment?

There are not a lot of other investments that grow faster than inflation.  Some do, and have, but picking the right one is key.  If you can reliablely do so in advance, then do it.  But most people don't have the time or skills to research through all the crap in order to find the diamond.  Given no other real choice, buying gold or silver simply as capital preservation against debasement is a valid stragedy.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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August 03, 2011, 02:57:19 AM
 #11

Exactly.  What your doing is locking in the value of your Dollars now, so that when they go down you don't lose anything.  Smart money does it this way.  The stock market is a rigged game, and only a sucker plays a rigged game.
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August 04, 2011, 05:21:03 PM
 #12

Also, with inflation, you constantly have negotiate wage increases just to keep the same income.
With a hard currency this is not an issue.

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AyeYo
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August 05, 2011, 12:11:22 AM
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It's not and investment.  It's value doesn't change.  


lulz

So when silver was $5/ounce a decade ago, was gas still 20 cent per gallon?  How about all the people that loaded up on silver during the 1970's price spike?  That worked out really well for those people. lulz


Also, biased article is biased.  He starts and stops the chart on price spikes and calls the area in the middle (the normal price of silver) a spike down. LOL  Here's a full silver price chart:




Minus the BUBBLE price increases in the 1970's and at present, silver has spent the other 98% of the time trading at $5/ounce or less.

Enjoying the dose of reality or getting a laugh out of my posts? Feel free to toss me a penny or two, everyone else seems to be doing it! 1Kn8NqvbCC83zpvBsKMtu4sjso5PjrQEu1
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August 05, 2011, 04:30:38 PM
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That's the point of owning Gold and Silver.  It keeps its value against Inflation.
Right, but a lot of other investments grow faster than inflation.  Why would I invest in gold/silver when there are better options for investment?

There are not a lot of other investments that grow faster than inflation.  Some do, and have, but picking the right one is key.  If you can reliablely do so in advance, then do it.  But most people don't have the time or skills to research through all the crap in order to find the diamond.  Given no other real choice, buying gold or silver simply as capital preservation against debasement is a valid stragedy.
If nobody would bring their surplus dollars (savings) to the banks, those banks wouldn't have any leverage (other than their own private capital) to emit loans and inflate the currency on, so their wouldn't be any inflation at all. It's the peoples' fault to trust the banks with their own money, giving them the opportunity to debase the currency.
MoonShadow
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August 05, 2011, 05:26:44 PM
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That's the point of owning Gold and Silver.  It keeps its value against Inflation.
Right, but a lot of other investments grow faster than inflation.  Why would I invest in gold/silver when there are better options for investment?

There are not a lot of other investments that grow faster than inflation.  Some do, and have, but picking the right one is key.  If you can reliablely do so in advance, then do it.  But most people don't have the time or skills to research through all the crap in order to find the diamond.  Given no other real choice, buying gold or silver simply as capital preservation against debasement is a valid stragedy.
If nobody would bring their surplus dollars (savings) to the banks, those banks wouldn't have any leverage (other than their own private capital) to emit loans and inflate the currency on, so their wouldn't be any inflation at all. It's the peoples' fault to trust the banks with their own money, giving them the opportunity to debase the currency.

This is not so.  Fractional reserve banking doesn't work like you think it would work.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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August 05, 2011, 05:46:05 PM
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there is a lot to hate about fiat, but I hate this constant misleading twaddle.

as mentioned you didnt earn that much back then.

silver is also way higher now than in the 90s.. so you are cherry picking.

gas is a limited resource, it really doesnt matter your comparison, GAS IS GETTING MORE EXPENSIVE AND IT HAS NOTHING TO DO WITH FIAT(well ok there is a fiat component but there is also a supply and demand component) and when you use gas, it goes away, unlike when you use gold.


This is nothing more than twaddle designed to mislead

mooo for rent
MoonShadow
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August 05, 2011, 08:02:11 PM
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there is a lot to hate about fiat, but I hate this constant misleading twaddle.

as mentioned you didnt earn that much back then.

silver is also way higher now than in the 90s.. so you are cherry picking.

gas is a limited resource, it really doesnt matter your comparison, GAS IS GETTING MORE EXPENSIVE AND IT HAS NOTHING TO DO WITH FIAT(well ok there is a fiat component but there is also a supply and demand component) and when you use gas, it goes away, unlike when you use gold.


This is nothing more than twaddle designed to mislead

There will come a day that supply finally peaks worldwide (and this might have already happened, but demand is also down from 2007) and then the cost of energy is going to rise.  We are not there yet, however; so (due to the competitive nature of oil refineries) so the primary contributers to the cost of a gallon of gas are 1) production & shipping and 2) goverment taxes.  Usually in that order, but I believe they are reversed in parts of Europe.  Middle Eastern dictators make a fortune from exporting oil (primarily) because they pay local skilled labor wages that are lower than they would be in the US or Europe while charging slightly less than the cost of production for those same regions (those that still have oil, anyway).  The proven reserves of oil in the US are higher than those of Saudi Arabia, but those are not "economicly viable" reserves so long as the Saudis can provide oil cheaper.

Thus, the cost of a gallon of gas has been fairly stable (measured over months to years, not days) when viewed relative to either silver or gold.  I admit the article is biased, and so am I, towards silver.  Gold would probably have been a better comparison.  Yet, the point stands.  Inflation isn't the prices rising, it's the value of the currency dropping.  Gold and silver both (tend) to reflect that debasement in their spot pricing, over the long term.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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August 06, 2011, 03:40:28 AM
 #18

That's awesome. It's not like you can legally melt down the coins though, which sucks.

MoonShadow
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August 06, 2011, 04:12:45 AM
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That's awesome. It's not like you can legally melt down the coins though, which sucks.

There is no need to, and if there ever was a need to do so, that law is going to lack force without a functional government.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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August 06, 2011, 04:26:14 AM
 #20

Well it would be nice to have the silver out of them without them being us currency Roll Eyes

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