Silver in 1998 Dollars

[Peter Spina]

"I see two interpretations here. Either silver has proven to be a poor inflation hedge for the past 600 years, or the "Big Melt" of 1980 flushed out the major supply overhang of scrap from around the world. This was a natural event following the US Government's major monetary squander of the 6 billion ounces once held in the US Treasury, much of it a result of the Comstock discoveries more than 100 years ago which have now played out.

Naturally, being a silver bull I have to go with the second view. I think silver's re-adjustment was interrupted in 1980 by the US Government & the banking cartel's imposition of crushing equity margin requirements to save the US$.....temporarily. "Look Ma, no silver!"

http://us.st11.yimg.com/store1.yimg.com/I/rarecoins_1871_278088

- Charleston Voice, Wed. 14th of Dec, 2005

[DaleFromCalgary]

"I see two interpretations here. Either silver has proven to be a poor inflation hedge for the past 600 years, or the "Big Melt" of 1980 flushed out the major supply overhang of scrap from around the world. This was a natural event following the US Government's major monetary squander of the 6 billion ounces once held in the US Treasury, much of it a result of the Comstock discoveries more than 100 years ago which have now played out.

Naturally, being a silver bull I have to go with the second view. I think silver's re-adjustment was interrupted in 1980 by the US Government & the banking cartel's imposition of crushing equity margin requirements to save the US$.....temporarily. "Look Ma, no silver!"

http://us.st11.yimg.com/store1.yimg.com/I/rarecoins_1871_278088

- Charleston Voice, Wed. 14th of Dec, 2005


Did the 1980 silver spike actually flush out most of the scrap silver? Calgary newspapers occasionally run full-page ads from companies hawking that this is your last chance to own Morgan dollars. Price usually about $50 per coin and aimed at the kind of people who phone telemarketers and give them their credit card numbers.

[Katwoman]

"I see two interpretations here. Either silver has proven to be a poor inflation hedge for the past 600 years, or the "Big Melt" of 1980 flushed out the major supply overhang of scrap from around the world. This was a natural event following the US Government's major monetary squander of the 6 billion ounces once held in the US Treasury, much of it a result of the Comstock discoveries more than 100 years ago which have now played out.

Naturally, being a silver bull I have to go with the second view. I think silver's re-adjustment was interrupted in 1980 by the US Government & the banking cartel's imposition of crushing equity margin requirements to save the US$.....temporarily. "Look Ma, no silver!"

http://us.st11.yimg.com/store1.yimg.com/I/rarecoins_1871_278088

- Charleston Voice, Wed. 14th of Dec, 2005

Most likely but unlike 1980 we now have trillions of dollars in debt and even more in unfunded entitlement liabilities. As a result it will be much harder for them to maintain control over the market now that it was then.

This time things are different and the reasons are as blatantly obvious as this sentence!!

[Burticus]

Agree. Circumstances are unprecedented in the history of the planet. We will witless what happens when the world's greatest free-enterprise economy under a republic turns into a fascist/communist economy under a totalitarian oligarchy and its global reserve currency is vaporized, causing political, social and economic collapse on a scale never before experienced.

Buy firearms, ammo, food, seeds, farming tools, hunting & fishing equipment, 3/4" Manila hemp rope, etc. now while they are cheap and plentiful, so you don't need to swap precious silver for them later.

[DaleFromCalgary]

"Buy firearms, ammo, food, seeds, farming tools, hunting & fishing equipment, 3/4" Manila hemp rope, etc. now while they are cheap and plentiful, so you don't need to swap precious silver for them later."

More importantly, join a community of stable farmers, because you're not going to be able to defend your crops and livestock by yourself. For one thing, you have to sleep sooner or later.

I'm not a survivalist. Part of the reason is that I grew up in a rural area, and I know that any survivalists will not be tolerated long by the rest of the farmers if they don't share and help out after the excrement hits the rotating impeller blades. Anyone found hoarding food will be forced to share it. Forget those fantasies about holding out with 5,000 rounds of ammo in an underground bunker; your neighbours will be just as well armed and be able to winkle you out. (Canadians own more long guns per capita than Americans.)

I expect that the western economy will slowly ratchet downward back to the living standards we had before WW2. The value of gold and silver will not be for barter but to occasionally cash a coin in for a nice handful of fiat currency to buy your necessities.

[Burticus]

Absolutely correct. Plan A for my rebellious little band is urban survival. However, we are continually working on a "Plan B," which may be needed if the cities become like stomped fire ant mounds. Since we already have plenty of silver, arms and ammo, we spend most of our time these days (besides jabbering on SilverSeek) accumulating equipment and supplies.

The best Plan B will be to form or join a small, rural sustainable community that will work together for their mutual benefit, all hunting, fishing, trapping, farming, raising animals and sharing resources to help everyone survive and defend against FedGov and the zombie apocalypse. In order for city dwellers to form or be accepted into such a community, they must be well prepared for these activities and a barter economy. A few thousand ounces of silver coins will serve as a medium of exchange, enabling the group to acquire items not stockpiled in advance.

[valerb@bellsouth.net]

"Buy firearms, ammo, food, seeds, farming tools, hunting & fishing equipment, 3/4" Manila hemp rope, etc. now while they are cheap and plentiful, so you don't need to swap precious silver for them later."

More importantly, join a community of stable farmers, because you're not going to be able to defend your crops and livestock by yourself. For one thing, you have to sleep sooner or later.

I'm not a survivalist. Part of the reason is that I grew up in a rural area, and I know that any survivalists will not be tolerated long by the rest of the farmers if they don't share and help out after the excrement hits the rotating impeller blades. Anyone found hoarding food will be forced to share it. Forget those fantasies about holding out with 5,000 rounds of ammo in an underground bunker; your neighbours will be just as well armed and be able to winkle you out. (Canadians own more long guns per capita than Americans.)

I expect that the western economy will slowly ratchet downward back to the living standards we had before WW2. The value of gold and silver will not be for barter but to occasionally cash a coin in for a nice handful of fiat currency to buy your necessities.

OK, I follow all that, but what in the hell are you using 3/4" manila hemp rope for? Do you smoke it, use it to tie down a 20 Foot cabin cruiser or maybe you need something strong enough to hang a 600 pound trespasser on your compound and you don't want the rope to break. I've been reading survival postings for over a decade and this it the first time I've seen that item included.

Yes, I'm a city boy, so please help me understand!!!

[argentos]

what in the hell are you using 3/4" manila hemp rope for?



With a length of rope and a tackle block you can pull enormous weights.

http://www.tpub.com/content/construction/14026/img/14026_111_10.jpg

Add an A-frame and you can build a Great Pyramid!

http://www.troop45bsa.org/outings/walking_a_frame.gif

[Gen Ripper]

Why hemp rope? cause it is cheap? Can you eat it? Can I make a suitable cat-o-9 tails out of hemp rope in case I need to subjugate the masses?

[valerb@bellsouth.net]

With a length of rope and a tackle block you can pull enormous weights.

http://www.tpub.com/content/construction/14026/img/14026_111_10.jpg

Add an A-frame and you can build a Great Pyramid!

http://www.troop45bsa.org/outings/walking_a_frame.gif

Why not simply use a hoist and steel cable?

[argentos]

Good question.

ROFL

[valerb@bellsouth.net]

Good question.

ROFL

OK, so I'm still confused. Are you ROFL because that was a dumb question. It seems like block and tackle is really old school.

[TheLoneRanger]

I think the implication was that hemp rope was for hanging whoever is the enemy de' jure, as the small group of the last true ( fill in the blank) hole up in their compound and declare the whole freaking world, from feds to zombies, as enemys.

[argentos]

OK, so I'm still confused. Are you ROFL because that was a dumb question. It seems like block and tackle is really old school.


Sorry I wasn't more clear. I was ROTFLMAO because I thought your post was rather witty. :p

More seriously, block and tackle is old school, but if and when TSHTF 19th century technology may be the highest we should aim for.

Rope is really versatile, but I wouldn't go for hemp. Hemp seems to rot as soon as you look at it.

[DaleFromCalgary]

Getting back on topic, did the 1980 silver spike actually flush out most of the scrap silver?

[DaBrownsRPhat]

Most likely but unlike 1980 we now have trillions of dollars in debt and even more in unfunded entitlement liabilities. As a result it will be much harder for them to maintain control over the market now that it was then.

This time things are different and the reasons are as blatantly obvious as this sentence!!

That's .............. pretty obvious. ;)

[DaBrownsRPhat]

Getting back on topic, did the 1980 silver spike actually flush out most of the scrap silver?

Good question. IDK.

[WallStreetTiger]

As a matter of fact, it did. Just ask any old timer in the coin business back then. The lines ran blocks to turn in silver. Call any major bullion dealer and ask how the supply is for 90% junk silver and if it really got melted down. The knowledge you gain and the stories you hear will astound you. We really have little silver left. When this market blows it will be a thing of beauty.

[DaleFromCalgary]

I was at my local dealer yesterday to buy my usual gold and for the first time all year there was a lineup. No one buying, just people selling. The dealer had a notice up that anyone wanting to sell scrap jewelry had to leave it due to a backlog at the appraiser. The man in front of me was selling a stack of junk silver coins, about 10 cm high.

Gold price was steady at C$1,146 because the loonie increases with the price of gold. Silver was down slightly to $20.80. I buy three gold Maple Leafs a week of the regular bullion style. This time the dealer gave me the 2010 Olympic commemoratives at no extra charge for being a regular customer.

[valerb@bellsouth.net]

I was at my local dealer yesterday to buy my usual gold and for the first time all year there was a lineup. No one buying, just people selling. The dealer had a notice up that anyone wanting to sell scrap jewelry had to leave it due to a backlog at the appraiser. The man in front of me was selling a stack of junk silver coins, about 10 cm high.

Gold price was steady at C$1,146 because the loonie increases with the price of gold. Silver was down slightly to $20.80. I buy three gold Maple Leafs a week of the regular bullion style. This time the dealer gave me the 2010 Olympic commemoratives at no extra charge for being a regular customer.

Did you happen to notice what kind of prices they were getting for their junk silver coins? Usually when everyone is selling and no one is buying, you take a real beating.

[DaleFromCalgary]

"Did you happen to notice what kind of prices they were getting for their junk silver coins? Usually when everyone is selling and no one is buying, you take a real beating."

I suppose I could have asked the dealer what his buy prices are, but since I'm not interested in selling I didn't bother. It is customary that when there is a lineup at the counter for those waiting to stand back out of hearing range, so I couldn't hear the conversation. This gives people the same privacy you would expect for yourself. Much like an ATM lineup.

I'll stick to 10-ounce bars and when the time comes, trade them for gold, not sell for fiat currency. A co-worker of mine who leans more to the survivalist camp buys only junk silver. We agree to disagree.

[Burticus]

I think the implication was that hemp rope was for hanging whoever is the enemy de' jure, as the small group of the last true ( fill in the blank) hole up in their compound and declare the whole freaking world, from feds to zombies, as enemys.

Ranger gets the cigar.

http://www.anenglishmanscastle.com/archives/003542.html

True, Arg, nylon is stronger and lasts longer, but tradition requires old fashioned hemp. Nothing is too good for our masters. It also has many other "off-season" uses, as discussed at length above.

Many people hold physical silver not just as an "investment," but to preserve wealth against fiat currency devaluation and inevitable collapse. Collapse of the first global reserve fiat currency appears imminent. When billions of unprepared sheeple are relying on that collapsed currency and the cheap oil and globalization it enabled, SHTF. This is a historical event and the effects will be unprecedented.

Justice and morality require that those responsible for the destruction and looting of America, and their minions, must eventually be punished (and The People's gold reserves recovered). Perhaps these megalomaniacs could be turned over to the Chinese and Russians in settlement of the fraud and debt they incurred.

My first ancestor in America came here in 1658 and, several generations later, their descendants threw off the chains of British tyranny. It sure looks like the next long-overdue rebellion against domestic tyranny (recommended by Thomas Jefferson every 20 years) is happening on my watch, 1776 again, whether I like it or not. I don't make the freakin' rules. But like my ancestors, I am forced to accept that if The People do not resist, our children will be shackled with the chains we have forged. They are handing the torch to me and I am not going to drop it in the mud, crouch down and lick the master's hand. My greatest hope is that a political solution is attainable and that we have time to wipe the elephant and jackass $#!+ off the tattered remnants of our constitution and tape the pieces back together again. Unfortunately, throughout history, tyrants have never relinquished power voluntarily.

You will know the NWO enforcers when you see them. If puzzled, look at Pittsburg G20 protests on YouTube, as discussed in another thread. He who shoots first, loses. You will also know the difference between murderous pillaging zombies and a mother with a hungry child, a little old lady or crippled veteran.

Disclosure: Long physical silver & gold, CEF, steel, lead, food and rope.

[Burticus]

Silver averaging around 13 FRNs through 2011?!

This article looks like it was written by Duney Jones under a new alias.

[maplesilverbug]

Silver averaging around 13 FRNs through 2011?!

Don't they know god told joe it'll be $100 next year!?!
It's crazy what some people think/don't know!!
$13?!? 2011?!?! Ha!

[silverheartbone]

Ranger gets the cigar.

http://www.anenglishmanscastle.com/archives/003542.html

True, Arg, nylon is stronger and lasts longer, but tradition requires old fashioned hemp. Nothing is too good for our masters. It also has many other "off-season" uses, as discussed at length above.

Many people hold physical silver not just as an "investment," but to preserve wealth against fiat currency devaluation and inevitable collapse. Collapse of the first global reserve fiat currency appears imminent. When billions of unprepared sheeple are relying on that collapsed currency and the cheap oil and globalization it enabled, SHTF. This is a historical event and the effects will be unprecedented.

Justice and morality require that those responsible for the destruction and looting of America, and their minions, must eventually be punished (and The People's gold reserves recovered). Perhaps these megalomaniacs could be turned over to the Chinese and Russians in settlement of the fraud and debt they incurred.

My first ancestor in America came here in 1658 and, several generations later, their descendants threw off the chains of British tyranny. It sure looks like the next long-overdue rebellion against domestic tyranny (recommended by Thomas Jefferson every 20 years) is happening on my watch, 1776 again, whether I like it or not. I don't make the freakin' rules. But like my ancestors, I am forced to accept that if The People do not resist, our children will be shackled with the chains we have forged. They are handing the torch to me and I am not going to drop it in the mud, crouch down and lick the master's hand. My greatest hope is that a political solution is attainable and that we have time to wipe the elephant and jackass $#!+ off the tattered remnants of our constitution and tape the pieces back together again. Unfortunately, throughout history, tyrants have never relinquished power voluntarily.

You will know the NWO enforcers when you see them. If puzzled, look at Pittsburg G20 protests on YouTube, as discussed in another thread. He who shoots first, loses. You will also know the difference between murderous pillaging zombies and a mother with a hungry child, a little old lady or crippled veteran.

Disclosure: Long physical silver & gold, CEF, steel, lead, food and rope.

That is a most excellent post and position sir.

However I advocate guerrilla tactics (think yankee vs. redcoat) over mob confrontation,
as the mob can easily be betrayed and neutralized.

As I do not own a high power (long range) rifle,
I'll have to leave the actual action to others.

[Burticus]

Correct 'bone. A frontal assault against superior forces is not strategically sound. Resistance through non-compliance, goriller harass and retreat tactics, ambushes, supply raids, sniping from behind every blade of grass, slinging.999 silver rounds from wrist rockets, etc. will be more effective for depleting and demoralizing any oath-breaking minion enforcers of tyranny and exposing their masters.

Just remember to pick up your rounds after the dust settles and the smoke clears.

[maplesilverbug]

Correct 'bone. A frontal assault against superior forces is not strategically sound. Resistance through non-compliance, goriller harass and retreat tactics, ambushes, supply raids, sniping from behind every blade of grass, slinging.999 silver rounds from wrist rockets, etc. will be more effective for depleting and demoralizing any oath-breaking minion enforcers of tyranny and exposing their masters.

Exactly why mcmerica-mart is still at war 8 years later (Afghan/Iraq)...and looking for another one (Iran).

[valerb@bellsouth.net]

"Did you happen to notice what kind of prices they were getting for their junk silver coins? Usually when everyone is selling and no one is buying, you take a real beating."

I suppose I could have asked the dealer what his buy prices are, but since I'm not interested in selling I didn't bother. It is customary that when there is a lineup at the counter for those waiting to stand back out of hearing range, so I couldn't hear the conversation. This gives people the same privacy you would expect for yourself. Much like an ATM lineup.



I'll stick to 10-ounce bars and when the time comes, trade them for gold, not sell for fiat currency. A co-worker of mine who leans more to the survivalist camp buys only junk silver. We agree to disagree.

Must be a pretty good size coin shop to have a line and not be able to hear what is going on. The only two I have ever been in, wouldn't fit more than 15 to 20 people standing shoulder to shoulder.

[DaleFromCalgary]

"Just remember to pick up your rounds after the dust settles and the smoke clears."

Also, don't push them into the chamber with your thumb. That leaves a nice clear fingerprint.

I was thinking the other day about what it would be like if private minters agreed to denominate their silver in reales. By definition, 8 reales would equal one troy ounce of 999 silver, almost the same as the original Spanish dollar that was legal tender in pre-Confederation Canada (and the USA too, I believe). No law required or violated; just do it and let a new parallel currency slowly develop alongside the official fiat currency, sort of like Canadian Tire money.