tag:blogger.com,1999:blog-3758330678390419129.post809078290939744405..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Forecast: Silver $450, Gold $11,500Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-3758330678390419129.post-75483048797379625202011-05-22T09:01:38.562-04:002011-05-22T09:01:38.562-04:00I have been buying gold since $330 and silver sinc...I have been buying gold since $330 and silver since $4. I have always believed that we are headed for trouble with the mismanaged government spending. And yes, I have sold since $27 all the way to $47 but NEVER will I sell it all. And I believe it can all go higher because we can't stop printing money. The government prints money to create inflation that reduces the oversized debt....theyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-63655295976394091022011-05-16T20:58:31.149-04:002011-05-16T20:58:31.149-04:00The day the arabs start demanding Gold for oil is ...The day the arabs start demanding Gold for oil is the day the US really goes Roman Empire and just uses its military to seize the oil fields, keep out the media, ect.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-42189940422255338772011-05-16T18:36:54.848-04:002011-05-16T18:36:54.848-04:00So what would happen if all the OPEC nations deman...So what would happen if all the OPEC nations demanded gold, actual gold for oil. Would nations actually send the physical gold out of their vaults and how long before it no longer would be in our country. The question of gold as a currency to with which to enact world trade is a very tricky one, as long as we are using gold shares and funds we are still in the paper world of promised future Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-68934650561486123332011-05-16T18:20:20.108-04:002011-05-16T18:20:20.108-04:00I can,t believe that some have gotten into buying ...I can,t believe that some have gotten into buying Rounds in order to presrerve their weath by way of silver, only to sell as the price corrects. I for one, got in at $18/ oz and I am averaging $24/ oz as of now, and will continue to cost average and buy on the dips in price. I recomend considering to continue buying & holding. As long as the Fed is printing money, silver will rise. You must Swalenoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-41203192601225618912011-05-16T17:35:17.011-04:002011-05-16T17:35:17.011-04:00New Middle Ages, here we come. Read The Climax of ...New Middle Ages, here we come. Read The Climax of Rome, chapter 3 by Michael Grant. Add in the banksters to the military, and see where we are now. So, history is irrelevant, is it? The dollar has lost 96% of its buying power since 1920. Now see where Rome was a century later. The "barbarians" didn't conquer Rome; they just tried in vain to pick up the pieces. Rome collapsed from Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-56279308806960184482011-05-15T09:46:11.843-04:002011-05-15T09:46:11.843-04:00Good luck separating the state and money. Even if...Good luck separating the state and money. Even if you have a gold standard, the state can simply change the exchange rate, just like pretty much every government has in history. This is why I prefer buying rounds sometimes, as there is no misleading number stamped on them. BTW, the article by Warren Buffet's father on LRC today is excellent.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-26418424737411432952011-05-14T23:21:37.679-04:002011-05-14T23:21:37.679-04:00+1 for private money.+1 for private money.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-31565587194055643872011-05-14T13:32:34.567-04:002011-05-14T13:32:34.567-04:00Since we're blue-skying here, how about a wall...Since we're blue-skying here, how about a wall of separation between money and state? States should no more coin money than they should start religions; should no more make legal tender laws than execute infidels.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-82600841172910897522011-05-14T12:25:36.073-04:002011-05-14T12:25:36.073-04:00How about one basket...filled with gold. The valu...How about one basket...filled with gold. The value of a fiat currency can be based on how much gold it could buy at any given time. Nations (people) that well manage their economy could buy more for less. Other nations, less for more until they fixed their monetary problems. And, actually, the gold can stay put since there would be no need to defend an artificial fixed exchange rate. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-69919797098149514422011-05-14T12:22:56.272-04:002011-05-14T12:22:56.272-04:00I have no doubt there will be a gold/silver backed...I have no doubt there will be a gold/silver backed currency in my lifetime.Anonymousnoreply@blogger.com