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Author Topic: Buy 1 ounce Silver. End the Fed  (Read 254 times)
L_777
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May 18, 2018, 11:02:00 PM
 #41

I think the silver market is more transparent and easy to control than Bitcoin in particular and virtual currency in general. Thus, there will be no governmental bargaining or control for the virtual currency. So, they have to ban them. However, the virtual currency is anonymous and it seems the participant will never be revealed. So many people find it because of the properties it brings as well as the huge profits from investing in it.

I strongly disagree.  The silver market is opaque compared to crypto.  A handful of players controls the entirety of the market.  They have a "fix" every day where they get together and set the price.  Forward contracts for production are multiplied and sold short to drive the price down.  There is very little that is transparent in the silver market.  
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First77
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September 02, 2018, 03:23:57 PM
 #42

I think the silver market is more transparent and easy to control than Bitcoin in particular and virtual currency in general. Thus, there will be no governmental bargaining or control for the virtual currency. So, they have to ban them. However, the virtual currency is anonymous and it seems the participant will never be revealed. So many people find it because of the properties it brings as well as the huge profits from investing in it.

Bitcoin anonymity is for hackers and criminals also so bitcoin is common for criminal activities. Looks like Bitcoin has failed as a payment system now that expedia.com removed bitcoin.
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September 02, 2018, 03:40:36 PM
 #43

...Looks like Bitcoin has failed as a payment system now that expedia.com removed bitcoin.

Maybe Bitcoin is viable for something different than being a payment option
for companies like Expedia.

In my opinion Bitcoin´s two main use cases are being a store of value and being
a censorship-resistant payment option. We all know that sites like Wikileaks
got cut off from all mainstream payment options and therefore they had to turn
to alternatives like Bitcoin. No authority can shut down your Bitcoin wallet
and you can use it from anywhere in the world.

If you really want to order from Expedia, you don´t really need Bitcoin and you
can just pay using Paypal or your credit card.
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September 10, 2018, 03:44:25 AM
Last edit: September 10, 2018, 05:08:01 AM by First77
 #44

Tax gets misused many times like funding NASA "planet mars mission". There are more meteorite hits on Mars than on Earth but they are spending tax payers multi-million dollars on Mars missions. Wasteful government expenditure must be cancelled by the taxpayers.
The Pharmacist
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September 10, 2018, 03:56:20 AM
 #45

Tax gets misused many times like funding NASA "planet mars mission". There are more meteorite hits on Mars than on Earth but they are spending tax payers multi-million dollars on Mars missions. Wasteful government expenditure of the governments must be cancelled by the taxpayers.
I agree with you about governments wasting taxpayers' money, but that's neither here nor there as far as silver goes.

Just checked the spot price, and silver is at $14.08.  That's less than it was back when this thread was started, so you would have lost value had you bought silver then, just a few months ago.  I couldn't tell you whether the low price makes it attractive to buy, but after watching silver drop for the past seven years, I have my doubts.  Sometimes when an asset has been beaten into the ground, it becomes undervalued.  The problem with metals is that there's no real way to tell what the value should be.  It's not like a stock where you can look at the dividend and management and profit potential; it's sort of like crypto.  The price is all supply and demand.

And just like I said back in May, the propaganda machine rolls on:
Buyers waking up to ‘cheap’ bullion
Silver Prices: Supply and Demand Disparity Could Result in Huge Returns

Don't believe the hype--unless world currencies start to crash or we have some sort of serious economic crisis, and I mean a real one and not just the threat of one.  If something like that happens or is imminent, maybe silver will become attractive.  But don't tell me that we should expect a crisis soon, because I've been hearing that for over a decade now.

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