Silver is a pretty common substance. I know if you listen to those shows on TV or Radio you would think it has almost run out. There is a reason it is 5 bucks an ounce or whatever it is. The stuff is pretty common and there is no shortage in sight.
You realize that is one of the reasons gold makes a good money right?
Actually the amount of silver mined has been in deficit since 1960, they have not mined more silver than is used since then.
Yes, the USGS has proven to be as smart as the rest of the government.
You are as dumb as hell. The value of our paper money based upon the fact you can pay property taxes with it, not the paper itself.
Yay extremely quick and punishing inflation! I just love price swings!
It isnt inflation, it is supply and demand. Inflation only goes one way.
around $20/ounce. I've made money on my Ag.
When did you buy it? You could have probably made more investing in an index fund within the last five years, unless you sold it around the peak. I dunno, precious metals seem like pure speculation to me.
held it a while, yes. I don't go crazy with it. just nice to have around.
I stand mute before the court
True, and some people are dumb as fuck.
So it has intrinsic value? No, it has no intrinsic value at all. Someone from Iran cannot pay his taxes with a US dollar, because US dollars are not accepted as money in many foreign nations.
You can pay US property taxes with it, the source of vast amount of goods you idiot. And I'm sure you can exchange US dollars for foreign currency. Do you think we should go back to the gold standard?
You must have a different dictionary than the rest of us. In your definition of intrinsic a entity can make something valuable by decree and you think that means intrinsic.
yes. that would be the end of global war. yes I do wish to return to the gold/silver standard.
If you went to the gold standard then the accounting games could not be played and the majoriy of the finance system would fail , taking down the entire paper empire with it. Companies would actually have to provide a good service as the government would not be able to bail them out. Wars would have to cease because governments would not be able to finance endless amounts of bond issues and inflationary tactics to survive. Police would have to actually serve and protect, or be replaced by those that will. Health care costs would plummet because without the ability to make endless amounts of credit, hospitals would have to be wisely managed.
we spent more than all the gold ever mined in Vietnam...............