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jonesthecurl wrote:silver price has crashed, I guess that was your own advice, not God's.
Dukasaur wrote: That was the night I broke into St. Mike's Cathedral and shat on the Archibishop's desk
Dukasaur wrote:Aren't you getting a little old for that shit?
riskllama wrote:how the f*ck am i supposed to buy cocaine w/a credit card? fucking retarded...
Dukasaur wrote: That was the night I broke into St. Mike's Cathedral and shat on the Archibishop's desk
armati wrote:Cryptos have been interesting, personally I discovered bitcoin at $3 american, it ran to 20 k and dropped to 3k.
We'll see where it goes.
Cryptos are a completely dif animal from silver,
(as far as I know) crypto has no intrinsic value, without silver we go back to the stone age.
cryptos do not meet the criteria for money, the world has used silver money for about 5k years.
1965 gas price 30 cents, 3 dimes,..... today gas price $2-$3 a gallon, 3 1965 dimes today between $1-$2ea = change from your 3 dimes for a gallon of gas.
I agree with you Hitred about owning some silver.
As far as Im concerned its about the most undervalued asset there is right now.
Dukasaur wrote: That was the night I broke into St. Mike's Cathedral and shat on the Archibishop's desk
mookiemcgee wrote:riskllama wrote:how the f*ck am i supposed to buy cocaine w/a credit card? fucking retarded...
Does you dealer take silver?
riskllama wrote:Dukasaur wrote:Aren't you getting a little old for that shit?
how old is too old for nose wheelies, Duk?
armati wrote:Still another is to prevent bank account holders from withdrawing cash and possibly triggering runs on banks
...
the fourth big reason is that banks will be free to impose negative interest rates, which is a polite way of saying that they are going to plunder your accounts
jusplay4fun wrote:I don't know. Last time I did it, I was twenty-one. Some people take longer to grow up, I guess.
armati wrote:
cryptos do not meet the criteria for money, the world has used silver money for about 5k years.
armati wrote:When you look over this list of Aristotle’s criteria, it becomes clear why gold and silver have taken on the role of money for hundreds of year. Both precious metals are durable, divisible, convenient, consistent, and posses intrinsic value.
It also becomes clear why paper really doesn’t make good money.
Dukasaur wrote: That was the night I broke into St. Mike's Cathedral and shat on the Archibishop's desk
armati wrote:Selling a 100 oz Silver Bar for $25 Dollars (When It's Worth $1500) Almost 7 POUNDS of Bullion
https://youtu.be/6gmp2IqReFQ
(For those that know how to click a link.)
armati wrote:PMs do not fail at anything on that list, it excels at everything on that list.
Maybe your to young to remember.
Up to 1965/66 in the states gold and silver were used, coins were silver, dollars,50 cent pcs,25 cent pcs and 10 cent pcs, silver was used in daily transactions.
The bills, were certificates that could be exchanged for metal at banks.
PMs work extremely well.
Nixon removed the link to PMs in 1971, notice rising prices since then.
Thats the value of the currency dropping.
ALL, unbacked currency thruout history every where around the world eventually moves to its intrinsic value which is zero.
The only reason you would want it is to pay taxes which you must do as your government has guns.
But other than that it has no value.
Gold is money, silver is arguably money, everything else is currency. And unbacked currencies fall to zero.
Gold requires more currency to purchase now than it ever has in history anywhere, notice the trillions being printed.
Im not saying currencies do not work for business transactions, they do work, until they crash.
But currency is not money.
Bitcoin may go to a million dollars, it could work as currency for a while, but as long as its not backed it will fall to zero eventually.
Just a head up, the world reserve currency changes about every 100 years, its time for a change, nations are dumping the dollar and have been buying tons and tons of gold , central banks have been buying as well.
For some reason they are not buying cryptos. They buy gold. Thats saying something.
The governments around the world are creating their own digital currencies and they may work on the blockchain.
There may end up being no need for bitcoin or any of the other cryptos.
I have no idea but it looks that way to me.
Dukasaur wrote: That was the night I broke into St. Mike's Cathedral and shat on the Archibishop's desk
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