Dollar Coming Down Further
Dollar reached an all-time low against the Euro.
So let's see, the Euro, Canadian Dollar, the Latvian Lat, the Great Britain Pound, and others are worth more than the dollar now. Our US coins are worth more melted down than as the Fed declared amount. Iran is trading it's oil in currencies other than the dollar and Alan Greenspan has called for more oil trading in the Gulf region to abandon the dollar. Maybe this is what we need, the dollar to crash and have Zimbabwain inflation numbers not seen since Germany during the world wars. Maybe this will be a wake up call to our mismanaged "economic policies".
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Should I buy Silver now? or wait for a
possible dip?
I have been calling coin and pawn shops near me and none of them have silver for sale, they say they are interested in buying though.
Any thoughts?
old saying
a bird in hand is worth two in the bush. buy silver now.
No One Knows
I don't think anyone really knows at this point (do they ever, really) what the price of silver is going to do over the next few weeks.
The key question to ask is why you are buying silver -- as a short term or long term investment? If you are looking short term, I cannot help you (and you are taking a big risk). If you are thinking long term, you have to consider whether or not you believe the value of the dollar is going to continue to decline. If you believe that it will as many of us do here, then you can buy silver and rest well (as I did) knowing that even if there is a minor correction in the next couple days, long term you will still be ahead. Personally, I am looking at silver as an insurance against a collapsed economy in which the dollar loses value. I am not going to worry myself over a small 1 or 2 percent difference from my purchasing level. Long term, I think silver will do very well against our weak dollar.
Do you believe we are heading toward a period of increased inflation? That is the key question.
I just purchased some old coins
As a small hedge against the dollar, sure, but more importantly as a means of exhange "just in case". Not worried about any gain or loss long term.
In addition...
I should also add that I am not putting all of my money into gold and silver. As in every investment, there is the risk that I am wrong. Keeping some cash on hand would be a good idea as well. It is entirely possible that some of us here are overreacting and the economy will smooth itself out in the next few months causing silver to drop in value. As others have pointed out, buying a six month supply of food is also a good bet as at the very least you will have food to consume should you lose your job or there is a natural disaster, etc.
It is the age-old advice: diversify and consider the risks of all investments.
Kitco.com
has Silver bars for sale. Silver bags $1,000 face value also.
And always Gold Kugers, Maple Leafs and Eagles.
Maybe this will be the wakeup
call to freeze and confiscate ALL the assets of all those families involved in the creation of the Central Bank and Federal Reserve. Their gold, silver, cars, homes, artwork, EVERYTHING, etc; and incarcerate them for life. I have often wondered if by doing so, we would have enough to cover our National debt and then some.
The accumulation of all powers, legislative, executive, and judiciary, in the same hands, whether of one, a few, or many, and whether hereditary, self-appointed, or elective, may justly be pronounced the very definition of tyranny. James Madison
Incarcerate hell....I say
Incarcerate hell....I say that it's time to bring back the Liberty Post then hang'em high, let'em swing...along with the politicians who have betrayed their Oath.
We are at a point where the
We are at a point where the underlying Fiat Monetary System is failing, as they all do, and there is little that a government or a central bank can do to stop such a collapse. Our government and their central banking buddies are simply repeating history, a history that has not taught the lessons of greed and power to this day, but this collapse will teach everyone a lesson not soon forgotten.
Food first!
If you are very very rich, buy gold, silver and storable food items, if you are middle of the road, buy silver and storable food items, if you are at the bottom, then buy storable food items. When other countries begin to send the dollars back home here, what they buy most is food and other raw material goods, everything else can easily be produced abroad. We have to be prepared for when the price of food is driven up, and this will protect us again a larger fall.
Mis-Managed?
Tim,
I think the SADDEST thing about this whole economic business is that
THIS IS THE WAY IT WAS PLANNED
I'm just glad so many people have woken up *hopefully* early enough to ensure they can keep their heads above water....
You Are Right
The fact is, I was wondering around like a zombie just believing everything the government told us. In fact, I was trying to watch the Fed regularly to see where the next bubble would pop up so that I could take advantage of it. I often wondered why these bubbles? They make no sense.
As soon as I started to hear the word according to Dr. Paul, the realization of our situation came to light. The dollar is at an all time low and if Dr. Paul's words are true, then this is just the beginning.
It's now funny to listen to the Fed and how they play the smoke and mirrors game to tell us why we are having inflation by blaming it on the housing market. Half truth, they are the one's who started the whole bubble in the first place.
Just wait until investor's around the world start dumping US stocks and bonds for US dolllars, converts that money back into their own currency, and then the dollar dump starts to hit us all.
When the DOW drops 2-3000 points in just one day, the Economic Emergency Protocols will kick in and banks will close just within a few days. Be prepared to head out to your banks to pull all of the money you have out. Go shop for food and stock up for as much as you can on the day the DOW plunges, because the stock markets will close, the banks will close and martial law will be declared to restore order. Your food will be your most important resource.
If that doesn't happen, then you have plenty of food regardless of financial situations. If the dooms day does happen, you will be prepared. A bit paranoid, but signs are pointing to troubles ahead.
If you look @ the world economy we would be lucky to not have
global slide on one hand but these people the fed (if you consider them people) reasons for doing this so the world will not revolt we are getting more isolated it makes me wonder,will anyone care about the banksters if their line is not crossed, they dont care! sound familiar?Is this not the problem here already? My line has been crossed has yours? will you wait until it is? The silver lining the world may not suffer because of OUR predatory lending and borrowing habits they will not pay for our sins! this must come home to roost it is the way it is !the sheeple have to pay the price of their inequeties!my spelling sucks sorry
I am a little worried
Fortune Favors the Bold
That all this buying of gold and silver could be exactly what the bankers want. Remember what happened after Napoleon's defeat at waterloo.
I'm not worried at all
I believe that the banksters are losing some control. They're certainly losing the battle to suppress gold prices. Their hands are completely full trying to keep the financial institutions from implosion and the Dow above 12,000. I would not be surprised if they can't keep the lid on it for very much longer (this summer perhaps?).
A Possibility
There is a possibility that what you are fearing is true, but I would think rather that a panic selling spree would be more in their plans (and more akin to the Waterloo example). I think a rising price in silver and gold may be working against them because it shows that people are wising up to their games and not buying that the economy and the dollar are fine.
Remember that the bankers are people too which means they are prone to make mistakes. I believe they have completely underestimated the power of the Internet to spread information (and bypass their media empire), and they are trying to now play catch up (with some success). However, the Internet brought about the spread of Ron Paul's message which they did not anticipate, and despite their best efforts, the word is getting out. Even people who do not like Ron Paul (usually because of his foreign policy) are seeing the truth behind a lot of his ideas regarding the gold standard, the weakness of the dollar, even the expense of all of our troops being overseas around the world. I am not sure how a rising cost of silver and gold plays into their hands, but it is quite possible it is a sign of a failure on their part.
Take courage; they are not perfect, and they are not omnipotent, omnipresent, or omniscient. I also take courage that God often likes to tear down those who exalt themselves too highly (think of the Titanic -- "Not even God can sink this ship...").
"Do not call conspiracy all that this people calls conspiracy, and do not fear what they fear, nor be in dread. But the LORD of hosts, him you shall regard as holy. Let him be your fear, and let him be your dread." Isaiah 8:12-13
My roommate went to order
My roommate went to order some silver the other day. The lady said it will take longer than normal because there have been so many orders for it this week.
Terrible, but look at the brightside
Hey, if our dollar collapses, at least it will be easy to be a billionaire like in Zimbabwe! LOL
gold and silver seem to be hot
If the people bought tons of it and used it, would that mean we would force a gold standard? It seems the people could do this by their own choice, at least at the personal level. I guess banks would still deal mostly in dollars, but their money is really just numbers....is it not?
But
You cannot pay for items with gold and silver at all. Who would accept it?
Just pay attention to the stock market. If it falls 2-3000 point in one day, the economic emergency protocols would be put into place and banks would shut down in three days. Buy up as much non-perishable food as you can on the day the market tanks, even if you have to max out credit cards. Debt will not matter any more, but food will more than anything else. Stock up on fuel if possible too.
I don't think that is the
I don't think that is the point TimG, the point is to have such commodities as gold and silver as post-collapse measure. I can tell you this, once there is a collapse of the fiat monetary system then the first thing that will be of value will be trade goods such as spices, salt, pepper, soap, razor blades, cigarettes, etc. Afterwards, gold and silver will be the only store of value and means of exchange accepted, it always happens the same way when a fiat monetary system fails, this time will be no different.
What do you mean people
What do you mean people wouldn't accept it? Gold and silver is real money, has been for thousands of years. If you were selling a product in depressionary times, Would you be more keen to accept worthless paper or a non-inflationary asset that's scarce, resilient, easy to store, and requires no upkeep? Exactly.
What I Mean Is...
If you went to pay for a loaf of bread with gold today, other than the US minted Gold Dollars, would anyone accept it?
Damn I wish I would have kept more of those Pocohontas Gold Coins the mint was trying to use in replace of the paperback dollar.
Do you mean the Sacagawea
Do you mean the Sacagawea dollar coin? It's base metal.
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Ahhhh
That I did not know. I knew there was an American Indian on it none-the-less.
So Called "Golden Dollars"
I believe the Sacagawea dollars remain in production despite the current production of the the Presidential Dollar coin series. Presidential Dollars have the same base metal composition as the Sacagawea Dollar.
The mint calls these coins "golden dollars," -- which is a common marketing trick to associate (or to confuse) a metallic item which is merely gold in color with real, valuable gold.
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Silver is testing $20 this week, time to hedge!
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