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Silver Wheaton Corp. Message Board

  • smithrobert823 Aug 24, 2012 9:57 AM Flag

    Tne U.S. Dollar

    is up because we have the greatest country in the world. I have 10% invested in SLW. Even if the price of oil, which is a major expense of any mining corporation, rises, SLW is somewhat protected as they have just a few employee's, an A+ balance sheet, and have operation's in safe countries, and is a silver streamer. But because of the potential financial cliff, combined with the falling Baltic Dry Index, I am 70% in cash. TPL,RGLD and SLW are kind of like "insurance" to myself, as no person know's the future.

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    • With some of the good dividend stocks, like arr, agnc, nly, and (ggn in the gold and natural resource field), my opinion is that your cash is molding and or drawing flies. I am not a paid blogger, so my two cents worth may not be worth anything. Jim

    • America and the US Dollar is NOT the greatest currency or country in the world. And just in case you accidentally wander into a voting booth one day in the next couple months, there are some things you should know.

      There is no longer ANY evidence to support the statement that we’re the greatest country in the world. We’re 7th in literacy, 27th in math, 22nd in science, 49th in life expectancy, 178th in infant mortality, 3rd in median household income, number four in labor force and number four in exports.

      We lead the world in three categories. Number of incarcerated citizens per capita, number of adults who believe angels are real and defense spending. Defense where we spend more than the next 26 countries combined, 25 of whom are supposed to be allies. Now none of this is the fault of some undefinable poster on a yahoo board, but the last three generations are without a doubt members of the worst period generations period ever period.

      So when you say we're the greatest country in the world, I don’t know what the PHUCC you’re talking about.

      Get it?

      Or am I being too obtuse?

      We used to be. We built great big stuff, we innovated, we got to the top of the heap on the sweat and innovation nobody could beat because we had a monopoly on freedom. But now 187 of 200 odd nations are free, mostly due to our sacrifice then and continuing, being the policemen of the world and slowly chiseling away the underpinnings of what you need for a successful country.

      All our newly free competitors don't have to worry about policing their own countries.

      That's OUR job!????! And as long as we continue to supply defense dollars to protect them, it THEY that have the advantage. What was once necessary, a military presence in every port, isn't. Let them take care of themselves, it's about time we pushed them out of Mommy's basement and into the real world.

      Our currency, it's fiscal and monetary policy, totally withdrawn from the free market and placed in the hands of politicized mental cases who care more about getting elected than serving the country, even if it means one term only--that needs rework, even if it means, perish forbid, the return to some basket of commodities backing our money, not the basket case FDR and NIxon left us with.


      Read more:

      • 1 Reply to yourdeadmeat69
      • I agree with nearly the entire post. I would like to modify just one facet, the mention of freedom.

        We cannot legitimately say that we are the epitome of individual freedom any longer either. The highest per capita incarceration rate points glaringly at that. Then to add that most of those sitting in prison (all at the expense of the taxpaying public and to the obscene profits of the prison industry) are there for victimless crimes is the icing on that cake.

        Freedom in America has been on roller skates for the past 50 years and the downhill grade is getting all the steeper.

        It really is time for a hard look and a truly honest reappraisal.

    • They also are not subject to US corporate income taxes as they are in the Bahamas

    • smithrobert823 Aug 24, 2012 10:42 AM Flag

      Sorry, should have pre-read..."The U.S. Dollar". As a two term U.S. Viet Nam era Veteran, and a Roman Catholic, i apologize.

      • 2 Replies to smithrobert823
      • I have no idea why your addiction to bombing the Flinstones and voodoo should have any bearing on your actions, but you must have been born twenty minutes ago nonetheless.

        The US dollar has depreciated against everything NINETY percent since 1971. Even the Republicans are talking about going back to a gold standard to stabilize what is left of our dime level dollar.

      • ----------------Sorry, should have pre-read..."The U.S. Dollar". As a two term U.S. Viet Nam era Veteran, and a Roman Catholic, i apologize-------------------

        Still harping on that Roman Catholic crap. With all the publicity in the past few years about the one thing foremost in the minds of the Catholic clergy, one would think it prudent to stay under the radar. But then again, you sound like you are a few tacos short of a combination plate.

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