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Old 03-17-2013, 03:30 PM
 
Location: Someplace Wonderful
5,170 posts, read 3,731,341 times
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Quote:
Originally Posted by nikking View Post
because coffee and sugar spoil, and can be done without, and salt is so readily available (and each person needs SO little of it) that there's very litlte money in it. I got a news flash for you. Gold was $135 an oz, in 1970, today it's $1700+ per oz. do you REALLY THINK that we are CLEARING 12x as much as we were back in 1970? Decent factory jobs cleared $5 an hour back then! So WHO is clearing $60 an hour tody, doing simple assembly work, hmm? If you "think" that gold just "tracks' the US dollar, you are VERY poorly advised. :-) back then, gas was 40c a gallon, so that oz of gold would buy 330 gallons of gas. today, even with gas prices being what they are, an oz of gold will buy almost 500 gallons of gas. So you just go ahead and don't buy gold, that helps keeps the price down, so I can buy more of it.
How little you know!
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Old 03-17-2013, 11:23 PM
 
Location: Heartland Florida
9,324 posts, read 23,251,727 times
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Quote:
Originally Posted by Phil P View Post
Why platinum? why not copper or tin or tungsten?
Because gold and platinom take up lass space. However, I do collect and buy scrap copper, tin, nickel and even aluminum. Some of these metals I can melt down to use for casting parts for machining.
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Old 03-18-2013, 01:20 AM
 
1,013 posts, read 740,601 times
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Actually price of gold was 35 dollars until nixon closed it and it instantly jumped.

Roosevelt did the same thing in 1930-1940s

25 dollars became 35 dollars.

instant inflation of 40% and then nixon made inflation even more more like extreme inflation or hyper inflation occurred in 1960s-1980s.

hence real wages didnt go up at all during that time but prices sure went up a whole lot. luckily productivity was kept in check by people having to work harder and more people working namely women. if women were not working then households would be decimated.

what is next?

we may have to resort back to slave labor and child labor if we want to survive the next economic stealing by the FED and banksters to keep prices at a reasonable level where regular people can survive.
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Old 03-18-2013, 01:29 AM
 
1,013 posts, read 740,601 times
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oh btw hunt brothers went ahead to buy silver as gold was illegal in the USA.

in the 1970s-1980s. silver.

they wanted to corner the market.
as prices went up more mines came online and started becoming economical as a result many mines were open and overproduced.

eventually the usa banks and government also had their own stockpile back then and to stop hunt from manipulating the price up they the gov and banks colluded as the faith of the dollar was in danger.

together they raised margin and government also dumped much of their silver onto the market.

added with extra mining due to higher prices the prices quickly crashed.


TODAY though miners are barely breaking even for many.
look at them.

look at the p/e and look at them being shorted to death and beyond by the banks and hedgefunds.
to say it is in a bubble?

TELL us when the stocks actually break new highs.

if you wanted to say it was a bubble then you are in fact very late as silver 48-50 was hit 2 years ago. that time was the bubble if there was one.

now? probably not as mines themselves are having a hard time especially the small ones. the larger ones can scrap by.

if you want lower prices you will have to ask the government to give them a tax break as the government takes 40-50% of the net income from the companies else prices will remain higher.

oil companies I bet pay less taxes than that...unbelievable really.

blame high prices on government then guys else stop complaining as you ain't buying it anyway

99% of poor people and middle class people can't afford gold anyway.

most of the people that buy gold and silver are the responsible people and preppers that has stocks of food water energy devices as well as ammo/weapons just in case.

regular people?
yes are you those types? which one are you?

PS just dont get cyprused or mf globaled/corzined now.
well maybe the vampire squids will let the muppets have something for a few more years before they come to steal again who knows...
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