The monetary system will change again, just like it did in 1971, 1946, 1933, and 1913.
The cashless society with awful negative rates is what they are pushing.
Guys like me and you are the push back. We like gold and silver not credit money.
There aren't many guys like me and you though so we should probably have some sort of fallback position to negotiate to if we are fortunate enough to get to negotiate the terms our monetary slavery with our monetary masters.
My thoughts are simple.
If the money is printed out of thin air, we don't need taxes on human beings any more.
The government's fair share of its citizen's money is zero, especially since they can just conjure up more money on demand and leave guys like me and you alone.
Think about it, if you had a magic machine that printed money out of thin air, why agitate the masses with taxes. Just print what you need and move on.
No taxes on human beings is condition number one for accepting a cashless society.
Taxes are a barbarous relic. Nothing more than a history of oppression really.
I am sure this will be the deal breaker, but we got the votes if Hillary doesn't steal them.
Besides, you can't make a valid argument in favor of taxes in either a fiat or cashless society. There is no need for taxation in a fiat system and their fair share really is zero percent.
Well, that is condition number one. I have others but lets work on this one first.
No taxes for human beings until we have hard currency again.
With elastic money there is no need to oppressively tax ourselves any longer.
Sunday, July 31, 2016
End of Month Metals Pricing
July 2016 is over as far as the metals markets are concerned, time to check on the charts.
Gold was pretty range bound after a great first half of 2016. Gold started the month in the 1340's and ended there too. Trend is still up but this is sideways chop.
Pretty much the same thing with silver, range bound.
I'd still be cautious here, but the up trend remains. For how long it remains, who knows.
Gold was pretty range bound after a great first half of 2016. Gold started the month in the 1340's and ended there too. Trend is still up but this is sideways chop.
Pretty much the same thing with silver, range bound.
I'd still be cautious here, but the up trend remains. For how long it remains, who knows.
Wednesday, July 27, 2016
Sunday, July 24, 2016
Updated Pricing: Is the trend reversing?
Gold and silver have had a great year so far.
Here is the gold chart year to date.
The run up from February to March held and now we have had this breakout in June. It has peaked for the moment in July, where it goes from here is way above my pay grade. Who knows.
Wouldn't surprise me at at to see it test that $1280 - $1300 range again. If it breaks that, you could see it retrace even the February / March gains and get back to the $1100 range.
I don't see it, but I am not very psychic either so something to be on the lookout for.
I'd like to see gold test that round $1300 number and push back over $1350 or even $1400, that would be continuing the trend.
Silver is similar but different. Here is the silver chart year to date.
Silver has been more volatile and more profitable this year. Trend of the past week has been down. Will it continue? There isn't much inventory below this until we get back to $18 or so which is a significant drop from the $20 - $21 range we touched.
Again not psychic, but this recent downtrend seems temporary to me.
We still haven't plunged back into the giant gap up in early July.
Silver has had more strong up phases than gold so far this year so it is normal for gold to catch up some. I still have faith in silver and hold tight.
Here is the gold chart year to date.
The run up from February to March held and now we have had this breakout in June. It has peaked for the moment in July, where it goes from here is way above my pay grade. Who knows.
Wouldn't surprise me at at to see it test that $1280 - $1300 range again. If it breaks that, you could see it retrace even the February / March gains and get back to the $1100 range.
I don't see it, but I am not very psychic either so something to be on the lookout for.
I'd like to see gold test that round $1300 number and push back over $1350 or even $1400, that would be continuing the trend.
Silver is similar but different. Here is the silver chart year to date.
Silver has been more volatile and more profitable this year. Trend of the past week has been down. Will it continue? There isn't much inventory below this until we get back to $18 or so which is a significant drop from the $20 - $21 range we touched.
Again not psychic, but this recent downtrend seems temporary to me.
We still haven't plunged back into the giant gap up in early July.
Silver has had more strong up phases than gold so far this year so it is normal for gold to catch up some. I still have faith in silver and hold tight.
Sunday, July 17, 2016
Gold and Silver Pricing since June 1
Some quick charts I threw together after lunch today.
Price of gold and silver since June 1 charts to be exact.
Both have been very strong performers all year, but silver remains the stronger of the two as it should since we are coming off an 80+ GSR.
Was at a party yesterday and was given the advice to look into selling silver soon by a relative that is also a collector. Nothing wrong with taking a gain other than taxes, but nothing wrong in letting a winner win either. Me, I am letting my winners win.
Lots of people at the party were shocked to find out that silver is up so much this year so far.
Hopefully they haven't seen anything yet.
Price of gold and silver since June 1 charts to be exact.
Both have been very strong performers all year, but silver remains the stronger of the two as it should since we are coming off an 80+ GSR.
Was at a party yesterday and was given the advice to look into selling silver soon by a relative that is also a collector. Nothing wrong with taking a gain other than taxes, but nothing wrong in letting a winner win either. Me, I am letting my winners win.
Lots of people at the party were shocked to find out that silver is up so much this year so far.
Hopefully they haven't seen anything yet.
Monday, July 11, 2016
Year to Date Gold and Silver Charts
Just a quick update here Monday night with the gold and silver charts year to date.
Impressive moves on the whole.
Hopefully just the start of something too.
Silver in particular has been impressive trimming the gold to silver ratio (GSR) over 10 from a peak around 80. Generally 80 is a great time to swap gold for silver and those who did are sitting on some free ounces as a result.
Anyways here are the charts.
Impressive moves on the whole.
Hopefully just the start of something too.
Silver in particular has been impressive trimming the gold to silver ratio (GSR) over 10 from a peak around 80. Generally 80 is a great time to swap gold for silver and those who did are sitting on some free ounces as a result.
Anyways here are the charts.
Going to start another series of coin graphs here this week now that the Independence Day holiday is over and I am back to the routine. Going to do another modern coin series like the Ikes, but not really a series either.
We are going to look at the March of Dimes Roosevelt Silver Dimes as well as the special Kennedy Silver Halves. Whether or not those are part of your set or not is up to you. If you want them like I did though, this will give you a quick look at the prices on these coins in the market.
Probably going to break them into separate sets of charts and then maybe next time I look at them, add some key date Kennedy and Roosevelt coins and grow the data set. Not a lot of keys in either series though so probably more conditionally rare than anything. There isn't a lot of talk on the net about these coins so I'd like to help fill the gap some as they are some of my favorite recent mint releases.
Monday, July 4, 2016
Silver and Gold Charts for the Fourth of July
Here are the charts for Silver and Gold since June 1, 2016. Both are up impressively.
It will be interesting to see how they move going forward. For the longest time now anyone holding silver was sitting on a loss unless they bought it several years ago. Now anyone who has bought in the past year is sitting on gains. People like to take gains instead of letting them gain more.
Don't be that fool.
If you don't need the money, don't sell.
If you do need the money, it is best to ride the trend while it is your friend.
Happy 4th of July to all.
It will be interesting to see how they move going forward. For the longest time now anyone holding silver was sitting on a loss unless they bought it several years ago. Now anyone who has bought in the past year is sitting on gains. People like to take gains instead of letting them gain more.
Don't be that fool.
If you don't need the money, don't sell.
If you do need the money, it is best to ride the trend while it is your friend.
Happy 4th of July to all.
Happy Independence Day
Enjoy this Soundgarden classic 4th of July, I have already this morning.
Almost as much as I have enjoyed watching silver briefly hit $21 in the overnights and still be over $20 this morning.
Going to be celebrating the holiday with the grill and some sausages, a little bit of potato salad and the like and then a few beers here. I have a few big poblano peppers from the garden I need to use up too, might have to stuff them and fry them up later.
Saturday, July 2, 2016
Hillary and FBI Meet for 3.5 Hours to Discuss Her Grandchild and Yoga
MSNBC is trying to confirm that it was just about her grandchild and some yoga routines.
Friday, July 1, 2016
Gold and Silver Continue to Gain
Both gold and silver have done well in this economy.
Silver might even push $20 here next week or so if the trend continues.
Here are some 90 day charts showing the trend of late.
Silver might even push $20 here next week or so if the trend continues.
Here are some 90 day charts showing the trend of late.
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