Sounds like a great idea. What do you have in mind?
The rules call for anybody who has come in 2nd place three times (without actually ever winning) to be eligible for an ounce.
Sounds like a great idea. What do you have in mind?
Post by BeNotDeceived »
A few weeks back the kitco sidebar had an article about how they were reducing mining due to the price. This provides a lower limit beyond which it will not likely fall. I just bought 10 lbs.Lexew1899 wrote: ↑June 8th, 2017, 6:04 pm My guess would be near or equal to the approximate value that the derivative market has set and fixed the price of silver at, resulting in a flattening of the valuation of silver and the inability for it to rise despite constant inflation of the US dollar in relation to other goods and commodities. It used to be a good hedge against inflation, but is now just a basic commodity with little value in relation to investment considering it is backed by insurance. No peaks of valleys, can't sell high or buy low. As long as mining stays consistent it is just a basic commodity like apples and oranges, although they have more investment potential considering their price can be affected by freak storms, eg freezes, hail. If you want an asset that can grow exponentially it would be cryptocurrancey.
Wait a second. Are you substituting lb for Pound? And what is the content of the coin? Silver is usually sold by the troy ounce which is different than the regular ounce by which we measure the weight of breakfast cereal, for example.BeNotDeceived wrote: ↑June 8th, 2017, 8:28 pmA few weeks back the kitco sidebar had an article about how they were reducing mining due to the price. This provides a lower limit beyond which it will not likely fall. I just bought 10 lbs.Lexew1899 wrote: ↑June 8th, 2017, 6:04 pm My guess would be near or equal to the approximate value that the derivative market has set and fixed the price of silver at, resulting in a flattening of the valuation of silver and the inability for it to rise despite constant inflation of the US dollar in relation to other goods and commodities. It used to be a good hedge against inflation, but is now just a basic commodity with little value in relation to investment considering it is backed by insurance. No peaks of valleys, can't sell high or buy low. As long as mining stays consistent it is just a basic commodity like apples and oranges, although they have more investment potential considering their price can be affected by freak storms, eg freezes, hail. If you want an asset that can grow exponentially it would be cryptocurrancey.
5 newly minted 2lb coins from eBay. Seemed a pro had the high bid at 101.50 so last minute I bid 111.11 and won for 108.50 The pro (anonymous account) limited his bid at 106.50, so seemed pretty good as shipping is free. Anyone aware of a Prophecy about the British Pound retaining value when others collapse?
Post by BeNotDeceived »
They're 1 oz .999 purity silver coins with a face value of 2 pounds; here's a similar listing.Silver wrote: ↑June 8th, 2017, 8:38 pmWait a second. Are you substituting lb for Pound? And what is the content of the coin? Silver is usually sold by the troy ounce which is different than the regular ounce by which we measure the weight of breakfast cereal, for example.BeNotDeceived wrote: ↑June 8th, 2017, 8:28 pmA few weeks back the kitco sidebar had an article about how they were reducing mining due to the price. This provides a lower limit beyond which it will not likely fall. I just bought 10 lbs.Lexew1899 wrote: ↑June 8th, 2017, 6:04 pm My guess would be near or equal to the approximate value that the derivative market has set and fixed the price of silver at, resulting in a flattening of the valuation of silver and the inability for it to rise despite constant inflation of the US dollar in relation to other goods and commodities. It used to be a good hedge against inflation, but is now just a basic commodity with little value in relation to investment considering it is backed by insurance. No peaks of valleys, can't sell high or buy low. As long as mining stays consistent it is just a basic commodity like apples and oranges, although they have more investment potential considering their price can be affected by freak storms, eg freezes, hail. If you want an asset that can grow exponentially it would be cryptocurrancey.
5 newly minted 2lb coins from eBay. Seemed a pro had the high bid at 101.50 so last minute I bid 111.11 and won for 108.50 The pro (anonymous account) limited his bid at 106.50, so seemed pretty good as shipping is free. Anyone aware of a Prophecy about the British Pound retaining value when others collapse?
OK, I see now. Good job on accumulating. Slow and steady. Never spend the grocery money or the rent money on the shiny.BeNotDeceived wrote: ↑June 8th, 2017, 8:55 pmThey're 1 oz .999 purity silver coins with a face value of 2 pounds; here's a similar listing.Silver wrote: ↑June 8th, 2017, 8:38 pmWait a second. Are you substituting lb for Pound? And what is the content of the coin? Silver is usually sold by the troy ounce which is different than the regular ounce by which we measure the weight of breakfast cereal, for example.BeNotDeceived wrote: ↑June 8th, 2017, 8:28 pmA few weeks back the kitco sidebar had an article about how they were reducing mining due to the price. This provides a lower limit beyond which it will not likely fall. I just bought 10 lbs.Lexew1899 wrote: ↑June 8th, 2017, 6:04 pm My guess would be near or equal to the approximate value that the derivative market has set and fixed the price of silver at, resulting in a flattening of the valuation of silver and the inability for it to rise despite constant inflation of the US dollar in relation to other goods and commodities. It used to be a good hedge against inflation, but is now just a basic commodity with little value in relation to investment considering it is backed by insurance. No peaks of valleys, can't sell high or buy low. As long as mining stays consistent it is just a basic commodity like apples and oranges, although they have more investment potential considering their price can be affected by freak storms, eg freezes, hail. If you want an asset that can grow exponentially it would be cryptocurrancey.
5 newly minted 2lb coins from eBay. Seemed a pro had the high bid at 101.50 so last minute I bid 111.11 and won for 108.50 The pro (anonymous account) limited his bid at 106.50, so seemed pretty good as shipping is free. Anyone aware of a Prophecy about the British Pound retaining value when others collapse?
http://www.ebay.com/itm/2017-Great-Brit ... 1ec80f3b4f
I also bought a circulated Morgan silver 50 cent piece with 5 dimes and a 1oz American uncirculated silver $1 coin, like what you have.
Post by 2EstablishZion »
Senior moment on my part. The gray is strong with this one.2EstablishZion wrote: ↑June 9th, 2017, 11:17 am That wasn't my guess
I already jinxed myself with "cursed" 17.76
Post by iWriteStuff »
Post by BeNotDeceived »
Crypto currencies in the end game also come down to energy. Really a big waste of electricity and China doesn't care about pollution so they end up being a huge negative. Joules are aptly named and will drive the value of some metals.David13 wrote: ↑June 10th, 2017, 12:25 pm Speaking of cryptocurrency I know two guys who last year put several hundred thousand into cc. They now describe themselves as total idiots as they only doubled their money in the one year.
Due to the way they did it, they did not get 10 times their money, like they could have.
dc
Not speaking for others, but my silver was never intended to be an investment. The Federal Reserve is neither. Therefore, I convert my fiat paper into physical. I can find silver in the Bible and in the Constitution. Neither of those great works approve of Federal Reserve Hiney Wipes.Lexew1899 wrote: ↑August 14th, 2017, 9:26 am ₿ now at $4,309. Up from $2,787 from June 6th, 2017 when I said cryto was a better investment. A rise of 64%. How is that silver investment doing? I'm sure the insurance companies are making sure the price is in goosestep with their operating costs. Have to have that ROI.
I have not made myself clear. I believe Federal Reserve notes to be illegal and immoral. However, as a US citizen/resident, I must transact in them. Therefore, I convert my spare Hiney Wipes into something that I prefer which is shiny and made by Jehovah. I don't care if I lose money because, at the end of the game, all the Monopoly money goes back in the box. Therefore, my main purpose is to hold as few poisonous pieces of paper as possible. Neither do I want to own financial instruments denominated in US$. With silver, I don't have to watch the value; I can merely count the ounces.Lexew1899 wrote: ↑August 14th, 2017, 12:14 pm Why go through the cost of converting a fiat asset into a physical asset when the costs of doing so offsets any potential advantage in the first place? Is US inflation rising at a slower rate than the price of silver is rising? IE, is silver rising faster than inflation to justify converting fiat into silver bullion? No.
Post by BeNotDeceived »
Post by BeNotDeceived »
You forgot diamonds; =)) my friend long ago would receive a mysterious little bag of raw diamonds each Christmas from Africa. Check the movie Blood Diamond. X(
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