The real shame in the financial world ....
is the lying brokers who have refused to allow their clients to understand that Gold and Silver and other REAL investments are available to them. The "flight to quality" that has been spoken of by the financial heads should be a bit of a wake up call... WHAT a flight to quality? What have you not been in QUALITY all along? Why have your brokers pushed derivatives and hedge funds and shorts and longs and all this other stuff when all the while you could have been in QUALITY. and VALUE? Well for one, once you have a silver 10 ounce bar in your possession you no longer need a broker. You have no storage costs and no fees, and so the BROKEr has no more money to make. You can SELL you 10 ounce silver bar on EBAY or through an add in the local news paper, YOU DO NOT NEED THE PARASITE and more and so he will not tell you about real investments for the average person that will secure your future WITHOUT HIM BEING A PART OF IT.
The sub prime crises is NOT A SURPRISE. THE BAIL OUT COMING for the banks and lenders and greedy home owners will not be a surprise either, they did it before they will do it again. BUT HOW WILL THEY DO IT? they will print more and more money ( Federal reserve notes) and or electronic equivalents in treasury notes and other paper houses) and so increase the money supply even more, exacerbating the Dollars fall against anything Real.
If you will go to our website at www.proverbseleveno ne.blogspot. com you will see that these things have been understood for a long time. the price of Silver at the time of the origin of the site was some where4re around 7 Bucks and Gold was under 4OO Silver and gold have both DOUBLED. HAS the stock market? The dollar has Fallen some15% or more and Inflation has gobbled up your FRNS.
Silver may go UP and Down day to day. Today it is up to over 14FRNS,
THE FRN DOLLAR will go down EVERY DAY. It's called Inflation, a hidden tax on your FRN purchasing power. EVERY DAY Inflation is eating away at your purchasing power in one sector of the economy or another. The Government LIES about the real inflation index and plays number games in order to make it look like inflation is only about 2-3 %.
You have 100 FRN today that will be worth 97 FRNS this time next year.
Or better yet...
I graduated high school in 1982, I bought a Car, and 1972 Buick Electra 225 ( nice Car) for 600 FRNs. OK generally speaking with a few exceptions, What cost $600 in 1982 would cost $1283.31 in 2006.
Also, if you were to buy exactly the same valued Car in 2006 and 1982,they would cost you $600 and $280.52 respectively. ( according to a Inflation calculator)
And this is by the conservative Consumer Price Index!
OK how about 1000 in 1985?
has the same buying power as
$1,937.64 in 2007
Silver averaged 6.13 Dollars per ounce in 1985 with a high of about 6.80 or so and a low of around 5.50. So let us say for the sake of argument 6. At 6 Dollars one could have bought about 163.12 ounces of silver
based upon the Average price of Silver in each year...( without buying low or high)
1985---163.12
1986---183.15
1987---142.85
1988---153.14
1989---181.81
1990---207.46
1991---246.91
1992---253.80
1993---232.07
1994---189.39
1995---192.30
1996---192.30
1997---203.87
1998---180.50
1999---191.93
2000---202.02
2001---228.83
2002---217.43
2003---205.33
2004---149.90
2005---136.69
2006---86.65
2007---76.10
Total=3785 ounces of silver
52,999.80 based on 22,000 FRN conversion. @14FRNs per ounce as of today.
Sure you might have been able to "Play" the stock market and done better...maybe. ..
The Governments of the world have gone through great strides to make folks think that their paper empires will last forever. NONE ever have.
Gold and Silver and other THINGS of value have through the centuries been both a store of wealth and and medium of exchange. (politics and unjust laws forbidding their use notwithstanding)
yet even these THINGS of intrinsic value will fade away one day, the only thing that will last forever, that will abide is the word of GOD that liveth and abideth forever.
Yet what will the streets be made of in the New Jerusalem? PAPER?
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