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Art Unwin wrote:
When we went off the gold standard gold shot up over night but I do not believe the price of gold has shot shot up a lot since then. Here's a chart of gold prices since 1975. http://www.kitco.com/scripts/hist_ch...rly_graphs.plx Seems to me it "shot up" from '76-'79 and '05-'08. I rolled my IRA over into gold because of the Y2K scare. :-) -- 73, Cecil http://www.w5dxp.com "According to the general theory of relativity, space without ether is unthinkable." Albert Einstein |
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John Smith wrote:
Silver is difficult to purchase at this point ... How much do you need? http://www.kitcosilver.com/ -- 73, Cecil http://www.w5dxp.com "According to the general theory of relativity, space without ether is unthinkable." Albert Einstein |
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wrote:
Unless you did the exchange a REALLY long time ago, the transaction is break even. Un-circulated $1 sliver certificates are worth a minimum of about $5 each - some lots more. -- 73, Cecil http://www.w5dxp.com "According to the general theory of relativity, space without ether is unthinkable." Albert Einstein |
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wrote:
The "worth" of any medium of exchange is whatever the "worth" is perceived to be, whether it be cash, checks, certificates of deposit, stock certificates, money orders, bonds, gold bars, silver bars, or shiny beads. Gold is worth its weight in gold. :-) -- 73, Cecil http://www.w5dxp.com "According to the general theory of relativity, space without ether is unthinkable." Albert Einstein |
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Cecil Moore wrote:
... Gold is worth its weight in gold. :-) Actually, weighed on gold scale, it is worth magnitudes more! ROFLOL Regards, JS |
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wrote in message ... I think he was simply pointing out that something still backs the "worth" of a "silver certificate" (well, if it still existed, in reality.) Since our currently issued dollar has nothing behind it than our production, possibility of producing, and labor ... and with a frightening amount of that having "gone over seas", it is virtually worthless ... However, no one realizes this, well, seems to realize this. Or, to summarize this: The dollar is worthless and only those who have replaced these with real objects/matter of value have any real wealth. Indeed, money has become a religion, only those who can make a leap of faith as to it having real worth are believers ... at least here in the USA. Regards, JS The "worth" of any medium of exchange is whatever the "worth" is perceived to be, whether it be cash, checks, certificates of deposit, stock certificates, money orders, bonds, gold bars, silver bars, or shiny beads. About the only medium of exchange that had any intrinsic value was salt. The "value" of real objects is also whatever it is perceived to be; I don't think my house is worth $500,000, but the housing market does. Look up supply and demand and then tell me why diamonds are so "valuable" and why no one is paid in salt anymore. None of this is unique to the US, it is the way the economy works in the modern world. I was trying to point out that you can no longer go the the bank or whatever and exchange your paper silver certificiate for silver backed by the government. YOu are correct , paper or other objects that have no use are only worth what others will pay. I have read of used stamps going for atleast a million dollars. They are of no use at all that I can think of, but to a collector as there are only one or two known to exist that one is worth whatever you can get for it, nothing to millions. |
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John Smith wrote:
[his normal chit] Regards, JS Let me expound upon all this ... If you pay $5,000-$10,000, or-more for a diamond, then you go to sell the diamond--would you expect to get close to what you paid? Do you realize in such places as china they are using this technology and injecting "flaws" (purposeful ones to hide the fact they are man-made) into the diamonds, and they are as-good-as-natural? Duh, this means the market will eventually be flooded with this stuff as "cheap as sand!" Only a fool would invest in diamonds, if you have 'em, dump 'em before EVERYONE finds out! And, remember, you heard it here first--if you feel generous, ship me a 10% "consultation fee." ROFLOL The only good use for diamonds are industrial ones, anyway ... Regards, JS |
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John Smith wrote:
John Smith wrote: [his normal chit] Regards, JS Let me expound upon all this ... If you pay $5,000-$10,000, or-more for a diamond, then you go to sell the diamond--would you expect to get close to what you paid? Unless you are in the business, you will be buying at retail prices and selling at wholesale prices, just like anything else. -- Jim Pennino Remove .spam.sux to reply. |
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John Smith wrote:
Diamonds, valuable? Are you truly an idiot man? As I have pointed out, in the past, diamonds are worth about $5 bucks a carrot; now, that is still a bit expensive to pave your driveway with, but none the less worthless when compared to what people (like you) THINK they are worth. Send me all your gem quality, 2 carat and up, certified, blue diamonds and I'll pay you $10 a carat. For carrots, I'm only willing to go $0.29/lb. -- Jim Pennino Remove .spam.sux to reply. |
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