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Look at what this idiot was suggesting/looking into in 2011:Originally Posted by Jewboo
http://gold-silver.us/forum/showthre...48504-BitCoins
Look at what this idiot was suggesting/looking into in 2011:
http://gold-silver.us/forum/showthre...48504-BitCoins
On trading the Gold:Silver ratio...
A man had an umbrella. He was able to exchange it for two snow shovels. After a while, he traded the two snow shovels for three umbrellas, happy to have tripled his original position. Seeing further opportunity, he exchanged the three umbrellas for four snow shovels. As time passed, he was eventually able to trade the four snow shovels for five umbrellas. More time passed, and he exchanged the five umbrellas for six snow shovels. Then it rained heavily.
I used to trade the ratio. But the B&M has dried up. I can still pay myself on payday but there's not enough inventory to play. I haven't done mail order for several years.
I am not trying to get rich on gold or silver, it is out in a stash ....to be forgotten, I have all the fiat money I need ... let them take it all to hell , then I will still have a commodity, to trade? to barter with? but it will hold my purchasing power? gold ans silver have never been worth nothing?
The harder I work, the Luckier I get!
Sparky, he should have exchanged only four of those five umbrellas, keeping one for himself. At least he would be dry and have his original position, one umbrella.
life is good.
Bullion futures for February delivery fell 29 percent this year to $1,186.90 an ounce at 9:12 a.m. on the Comex in New York, after touching $1,181.40, the lowest since June 28. Investors lost faith in the metal as a store of value as equities rallied and an economic recovery prompted the Federal Reserve to pare its $85 billion in monthly bond purchases. Silver dropped 38 percent in 2013 to $18.88 an ounce, heading for the biggest annual slump since 1981.
Linky
I'm the infamous Fred of GIM - Jewboo kindly turned over his account to me.
I think the point was, the greedy bastard got what he deserved.
My New Year message: I just want everyone to get what they deserve!
DON'T TAKE THE VACCINE!
THE SHIT HAS HIT THE FAN!
zap (21st January 2014)
Gold -n- Silver are Rock -n- Roll
Learn how to jam, Jewboo middlemen
That's part of the message. The full message is that gold and silver serve two different purposes, like owning an umbrella and owning a snow shovel. They are not interchangeable. If you only value them in terms of their conversion to FRNs at any given moment, you lose sight of the actual value of owning the separate commodities. Legislation or supply or demand in the future might impact one, and not the other. The reason that the ratio bounces around between 20:1 and 100:1 is because they are NOT viewed as interchangeable commodities.I think the point was, the greedy bastard got what he deserved.
My New Year message: I just want everyone to get what they deserve!
speaking of Mercury Dimes, i finally saw a 1/10 ounce Silver Indian round.
It's like the 1/4 ounce Gold Indian with the different kind of engraving, about that size.
Retired Director Morris Waxler says the FDA did not do their job for 15 years - and is not now.
HelpStopLASIK.com
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