That's a correction. It's only bad for people who believe everything should go up without ever coming down. I think it's better to buy on the downside rather than the upside.
I'm not fighting for the Fed. I'm preparing for a worse cast scenario if the Fed fails to manage the global economy. The best case scenario is I'll have a stack of silver for my heirs to secure their financial future.
The second century was when the debasement of Roman currency begin. As we discovered with Iraq and Afghanistan, fighting continuous wars requires a significant amount of coinage. If the economy collapses, so does the empire.
I don't listen to right wing radio or time the market. Doing either is risky. I dollar cost average my silver purchases by buying the same amount each month. We're in the bottom of the boom-and-bust cycle for silver. I expect prices to drop further and/or flat line for a while.
MicroCenter closed their Silicon Valley and other California locations a few years. I avoid shopping at Fry's if I can, as I usually buy all my computer stuff online from Newegg. Although I'm invested in Radio Shack as long shot bet, I wouldn't be caught dead in one. There's no there there anymore.
Water is a more valuable commodity in space mining operations. Gold from space would be worthwhile only if the production costs was less than it is now (~$1,200 per ounce). Going up and down the gravity well is still too expensive
Purchasing power of the dollar has declined over time. An ounce of gold bought at $200+ in the early 1970's would sell for $1200+ today. For tax purposes, a $1000+ gain. An ounce of gold today wouldn't buy today what could get in the 1970's. If purchasing power was constant, gold would be worth $3,000+ per ounce.
Precious metals has it boom-and-bust cycles like everything else. But precious metals will never collapse to zero, say, like the Zimbabwean $100 trillion note that sells as a novelty item these days.
My recommendation is that you skip next month's silver investment and buy an "introduction to statistics" class at your local community college.
The Roman Empire fell apart because the gold coin was debased with less valuable metals and made worthless over time. Since President Richard Nixon took the U.S. off the gold standard in the early 1970's, the U.S. dollar has become increasingly worthless over time. When the $600+ TRILLIONderivative market blows up, there isn't going to be a global economy after that. My recommendation is that you pay closer attention to the economy and invest in hard currency.
P.S., Some people believe that the world central banks are surpressing the prices of precious metals to prevent people from realizing how worthless the dollars are in their wallets. If people stopped believing in fiat currency, the whole system collapses.
Radio Shack has been preparing for bankruptcy for years. There's nothing new in the WSJ report that haven't already been reported before. Radio Shack stock price dived to $0.26 this morning and climbing back up. I bought 80 shares @ $0.48 on Tuesday. I might buy more share later. This is a long shot bet that might triple or lose my money.
Sure. But the value of precious metals isn't going to collapse like bitcoins, fiat currency or anything else created out of thin air if investors and speculators stop believing.
The eventual collapse of Western Civilization after fiat currency goes kablooey. Last time that happened was the end of the Roman Empire in the 5th century. Even if that doesn't happen, the value of precious metals will continue to rise. Buy low, sell high.
Like gold, silver and other precious metals? I'm a big fan of silver because it's cheaper, an industrial metal with a wide application of uses, and supplies will run short over time. Now is a good time to stock up.
My parents had screaming matches with the principals of the various schools I attended. It always boiled down to money. The 3X figure got tossed around. If you do a Google search, it still does. And things have gotten worse over the years.
Not quite. Being networked together was a major vulnerability for the colonial fleet. A patch sent out from the defense mainframe prior to the attack created an opening for the Cylons to exploit by shutting the navigation systems for the battlesars and vipers in battle. Battlestar Galactica survived because it's computers weren't networked together and the patch wasn't installed.
An old roommate had a red Toyota Corolla. One day he lost his car in a big parking lot, found it, unlocked it, and started the engine before he realized that it wasn't his. Turned out there were ~20 unique keys for his particular model. He got "lucky" with finding an exact same car that used his particular key.
The second episode of Ghost in The Shell: Arise featured a former military general seizing control of the Traffic Control AI to trap 20 million people in their vehicles and holding them for ransom.
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That's a correction. It's only bad for people who believe everything should go up without ever coming down. I think it's better to buy on the downside rather than the upside.
In that case, don't fucking fight the Fed!
I'm not fighting for the Fed. I'm preparing for a worse cast scenario if the Fed fails to manage the global economy. The best case scenario is I'll have a stack of silver for my heirs to secure their financial future.
The second century was when the debasement of Roman currency begin. As we discovered with Iraq and Afghanistan, fighting continuous wars requires a significant amount of coinage. If the economy collapses, so does the empire.
Unless you run out of crude oil or humanity goes extinct from global warming. You need both to keep oil from going to zero.
I don't listen to right wing radio or time the market. Doing either is risky. I dollar cost average my silver purchases by buying the same amount each month. We're in the bottom of the boom-and-bust cycle for silver. I expect prices to drop further and/or flat line for a while.
I recommend APMEX for buying physical precious metals. Great service!
MicroCenter closed their Silicon Valley and other California locations a few years. I avoid shopping at Fry's if I can, as I usually buy all my computer stuff online from Newegg. Although I'm invested in Radio Shack as long shot bet, I wouldn't be caught dead in one. There's no there there anymore.
Water is a more valuable commodity in space mining operations. Gold from space would be worthwhile only if the production costs was less than it is now (~$1,200 per ounce). Going up and down the gravity well is still too expensive
Purchasing power of the dollar has declined over time. An ounce of gold bought at $200+ in the early 1970's would sell for $1200+ today. For tax purposes, a $1000+ gain. An ounce of gold today wouldn't buy today what could get in the 1970's. If purchasing power was constant, gold would be worth $3,000+ per ounce.
Precious metals has it boom-and-bust cycles like everything else. But precious metals will never collapse to zero, say, like the Zimbabwean $100 trillion note that sells as a novelty item these days.
My recommendation is that you skip next month's silver investment and buy an "introduction to statistics" class at your local community college.
The Roman Empire fell apart because the gold coin was debased with less valuable metals and made worthless over time. Since President Richard Nixon took the U.S. off the gold standard in the early 1970's, the U.S. dollar has become increasingly worthless over time. When the $600+ TRILLION derivative market blows up, there isn't going to be a global economy after that. My recommendation is that you pay closer attention to the economy and invest in hard currency.
P.S., Some people believe that the world central banks are surpressing the prices of precious metals to prevent people from realizing how worthless the dollars are in their wallets. If people stopped believing in fiat currency, the whole system collapses.
Radio Shack has been preparing for bankruptcy for years. There's nothing new in the WSJ report that haven't already been reported before. Radio Shack stock price dived to $0.26 this morning and climbing back up. I bought 80 shares @ $0.48 on Tuesday. I might buy more share later. This is a long shot bet that might triple or lose my money.
Sure. But the value of precious metals isn't going to collapse like bitcoins, fiat currency or anything else created out of thin air if investors and speculators stop believing.
The eventual collapse of Western Civilization after fiat currency goes kablooey. Last time that happened was the end of the Roman Empire in the 5th century. Even if that doesn't happen, the value of precious metals will continue to rise. Buy low, sell high.
Like gold, silver and other precious metals? I'm a big fan of silver because it's cheaper, an industrial metal with a wide application of uses, and supplies will run short over time. Now is a good time to stock up.
My parents had screaming matches with the principals of the various schools I attended. It always boiled down to money. The 3X figure got tossed around. If you do a Google search, it still does. And things have gotten worse over the years.
He locked the car up and found his own. If I wasn't there with him, he might have gotten other ideas.
If you have to apologize for an old meme, you're not doing it right. Doesn't help that you're missing "???" before the "Profit!" statement.
Need to make it easier for the dealership to repossess the car. No more "hide the car in the garage" nonsense.
Once again, analog is better than digital.
Not quite. Being networked together was a major vulnerability for the colonial fleet. A patch sent out from the defense mainframe prior to the attack created an opening for the Cylons to exploit by shutting the navigation systems for the battlesars and vipers in battle. Battlestar Galactica survived because it's computers weren't networked together and the patch wasn't installed.
An old roommate had a red Toyota Corolla. One day he lost his car in a big parking lot, found it, unlocked it, and started the engine before he realized that it wasn't his. Turned out there were ~20 unique keys for his particular model. He got "lucky" with finding an exact same car that used his particular key.
The second episode of Ghost in The Shell: Arise featured a former military general seizing control of the Traffic Control AI to trap 20 million people in their vehicles and holding them for ransom.
I drove past a store front in Silicon Valley that offered to print a 3D model of an unborn child from ultrasound scans. Alrighty...
blah blah AMD64 blah blah SPARC64 blah blah AMD64 + SPARC64 = BSD blash blah
Can't the submitters write in English?
When did the Iron Curtain between Russia and U.S. went up on the International Space Station?