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Channel: The Implication of Currency Dilution
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[quote]I admire your direct verbal characterization of the "Pillars of Society", as being the Pirates that they are. I have been following and buying Gold and Silver since 1974, when Gold was a mere fraction of today's price, at $!96 an ounce. I could actually afford to buy an entire ounce or two back then. I was buying 100 ounce bars of Silver at under $5 an ounce. Oh, for the good old days. Having said that, precious metals are still the Buy of the Century, even at today's higher prices. owing to the hyperinflation that has gone largely un-noticed by the blind sheep. I will continue buying these beautifully colored metals regardless of their prices in terms of worthless shin-plasters, and will be my retirement plan, as the greatest transfer of wealth accelerates. This will be a time that the outwardly stupid fools and welfare bums, with the foresight to buy precious metals NOW will become rich, while the rich bankers and other paper money proponents become poor. Third World countries with the foresight to amass large holdings of Gold and Silver, will be sending aid to the US, once the shit hits the fan on the largest Ponzi Scheme of all time. Sadly, I wish you and I and all other derisively characterized Gold and Silver Bugs, were wrong because it will be a time of great tribulation, civil unrest, violence, and so forth. I just wish there was a little more time to get my holdings up to a comfortable level of a few thousand ounces of Silver and at least 100 ounces of Gold. I've been at it a long time but I have been stupid at times and actually sold the geese that laid the golden eggs. [/quote] Thanks for the support SkyPilot! No shame in admitting to some mistakes, the only time we need feel shame is when we don't LEARN from those mistakes (lol). With respect to what I've learned about the precious metals sector, it's 1/2 what I've learned from others and 1/2 what I've learned from my OWN mistakes. I also fully understand that your sentiments that there is nothing for precious metals-holders to "celebrate" here. The line that I generally use is that I don't HOPE that precious metals will soar in price/value -- I fear it... - Jeff Nielson

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