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Silver Wheaton Corp. Message Board

  • yourdeadmeat69 yourdeadmeat69 Oct 16, 2010 8:26 AM Flag

    Is Silver Overbought? Is Your Bank Account Too Large?

    Ever look at your bank account and say "Gee I've too much money in the bank?"

    Folks are beginning to "get it". You pay with paper, but you better have 8% of your assets in real money, some kind of silver gold representation, is the current mantra.

    How far do you think you have to google before the entire world "gets it"? and 8% becomes 80%.

    It all "stops" when we return to a standard outside the command and control of govt. It all stops when the govt's of the world understand is that financial jujitsu, using the "enemy"'s strength to defeat it, comes from ENVELOPING the problem and EMBRACING a gold and silver standard once again, and get off this kick of fabricating "growth" by depreciating your money 3% a year

    It all stops when the govt says, we're going to a silver and gold standard, so you don't have to hoard it, it is part of every coin, it's in the bank vaults of Ft Knox.

    And how? The same way FDR did it--making a $35 an ounce standard of $23 gold--making a $2000 an ounce standard for gold now, and a $40 an ounce standard for silver.

    There's still time to make some 50% silver five dollar pieces of substance and size of a nickel. The Mercury head dime x 7 would be another sizable coin a little larger than a quarter, for a $20 piece.

    There's still time, but not much more time.

    Paper is about to implode, collapse upon itself, of its own free market force, turbocharged by a world chasing devaluation in a mad attempt to cheapen goods and services before commodity costs begin to overwhelm the financial grasshoppers fiddling while Rome burns.

    But time is running out.

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    • Norway is also the world's third largest exporter of oil which accounts for 20% of their GDP. A source of lots and lots of cash for the socialist government to spread around. Plus they hope oil reserves will last another 50 years although current output is declining.

    • Better buy 50 % silver bullion. Paper money want be worth burning.

    • 1. The only thing time is running out on is a certain spindly legged,
      pot-bellied, much bypassed, drool
      faced, faintly putrescent gtnome of
      a self professed SLW expert who it
      seems can never stay away.
      2. The only thing about to implode is the gaseous, rotund, faeculent,
      and oh so redolent pot belly referenced above.

    • Sticking to the original question.

      No, silver is just now correcting a long time artificial manipulation of itself and fiat.

      Fiat in the bank gets you near zero interest for good reason.

      Get your hands on some gold and silver. People are still foolish enough to trade paper for rock.

    • >And how? The same way FDR did it--making a $35 an ounce standard of $23 gold--making a $2000 an ounce standard for gold now, and a $40 an ounce standard for silver.<

      Why would we want to assign government the power to do this? It must become a market derived value or it will be meaningless.

      In Article 1 Section we find that CONgress has been given the power: "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

      The word "coin" is a verb and the value regulation power only pertains to the value of the coins being produced and then the value of foreign coin.

      If we allow government ANY role in the assignment of value to anything outside these to minor aspects of the monetary system they will corrupt it.

      FDR was a communist, plain and simple. Two of his staff had to fee the country when it was discovered they were communists. The New Deal and the attendant Supreme Court cases that came with it, say Wickard v. Filburn for example, have served to tear down the American republic.

    • <<It all "stops" when we return to a standard outside the command and control of govt.>>

      But it is not controlled by the government. The Federal Reserve Bank, a non government entity, controls the money supply. According to Ron Paul the Fed refuses to tell congress how much money they have created or where it has gone.

      We have to get the government outside the command and control of the private interest bankers and corporations. We need the money supply controlled by a government that is controlled by the people and for the people.

      • 1 Reply to tburke1932
      • > We need the money supply controlled by a government that is controlled by the people and for the people.<

        If money was gold and silver as it is already supposed to be, there would be no need for government control because the money would have a basis in reality and would represent the value of that which it took to produce it.

        Once we divest government of the Mandrake Mechanism, they will no longer be able to work so easily outside the confines of the Constitution all the while destroying the republic with money created out of thin air.

        At this point to even entertain government involvement with money outside the production of known weight and constituency coins, is pure insanity.

 
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