Value of US dollar is sliding - time to buy gold/silver? - Page 1

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[ARCHIVED THREAD] - Value of US dollar is sliding - time to buy gold/silver? (Page 1 of 3)

Posted: 1/25/2018 10:04:48 AM EST

Earlier this week US Treasury secretary Steven Mnuchin commented on the US dollar's recent slide, and said that a lower dollar was good for trade. Speculators are dumping the USD.
http://www.ft.com/content/944f9b8a-016f-11e8-9650-9c0ad2d7c5b5

Posted: 1/25/2018 10:05:22 AM EST

[#1]

obviously time to buy fartcoin, it's gone up 7000% since it was introduced last week

Posted: 1/25/2018 10:06:12 AM EST

[#2]

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obviously time to buy fartcoin, it's gone up 7000% since it was introduced last week

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I put $80,000 into Garlic Coin and Banana Coin.

Posted: 1/25/2018 10:06:13 AM EST

[#3]

This is GD. It's always time to buy gold/silver.

Posted: 1/25/2018 10:06:31 AM EST

[#4]

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obviously time to buy fartcoin, it's gone up 7000% since it was introduced last week

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I'm always late to the game..........

Posted: 1/25/2018 10:07:04 AM EST

[#5]

Quoted:
Earlier this week US Treasury secretary Steven Mnuchin said that a lower dollar was good for trade.
http://www.ft.com/content/944f9b8a-016f-11e8-9650-9c0ad2d7c5b5

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He is right.

I buy gold because it's good to have something of permanent value on hand, not for an investment for returns. Just my opinion though.

Posted: 1/25/2018 10:44:21 AM EST

[#6]

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He is right.

I buy gold because it's good to have something of permanent value on hand, not for an investment for returns. Just my opinion though.

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This. As an investment gold is pretty crumby, but why keep around a mountain of cash that wont appreciate at all?

Posted: 1/25/2018 10:46:02 AM EST

[#7]

Precious metals may go up and down but always have value. That's the point.

Posted: 1/25/2018 10:50:55 AM EST

[#8]

I swear to god...this place is always a day late and a dollar short.

Posted: 1/25/2018 10:52:08 AM EST

[#9]

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Precious metals may go up and down but always have value. That's the point.

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That could be said about any other commodity.

Posted: 1/25/2018 10:53:15 AM EST

[#10]

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This. As an investment gold is pretty crumby, but why keep around a mountain of cash that wont appreciate at all?

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Quoted:

Quoted:

He is right.

I buy gold because it's good to have something of permanent value on hand, not for an investment for returns. Just my opinion though.

This. As an investment gold is pretty crumby, but why keep around a mountain of cash that wont appreciate at all?

Why would you have a mountain of cash lying around.

Posted: 1/25/2018 10:55:04 AM EST

[#11]

It doesn't matter what the temporary value of the dollar is. It will keep losing 3% a year until it collapses entirely. Buy metals and stocks.

Posted: 1/25/2018 10:56:00 AM EST

[#12]

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That could be said about any other commodity.

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Quoted:
Precious metals may go up and down but always have value. That's the point.

That could be said about any other commodity.

Like the Confederate Dollar? Or the Zimbabwe dollar? Or the German ReichMark?

Posted: 1/25/2018 10:56:18 AM EST

[#13]

What else is new? I'm sure somebody will come along and explain to me how we've got to Stock Exchange over 26000 and Industry and businesses are coming back like a lion but yet the dollar ain't worth $0.02

Posted: 1/25/2018 11:00:42 AM EST

[#14]

Invest in brass. Gold is for suckers.

Posted: 1/25/2018 11:05:18 AM EST

[#15]

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That could be said about any other commodity.

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Quoted:

Quoted:
Precious metals may go up and down but always have value. That's the point.

That could be said about any other commodity.

And not necessarily be true! Take paper money for instance. Remember what happened to the value of the US Confederate States of America paper money after the war? Or, the value of the German Deutschmark in the period after WWI?

Posted: 1/25/2018 11:05:44 AM EST

[#16]

I'm going heavy with my Zamak investment.

Posted: 1/25/2018 11:08:24 AM EST

[#17]

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Invest in brass. Gold is for suckers.

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Yeah, suckers who actually have money to invest in gold. Unlike the dumb@$$e$ who only have the extremely limited funds to invest in brass. And do so only because they will never have the money to ever invest in gold!

Posted: 1/25/2018 11:12:00 AM EST

[#18]

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Yeah, suckers who actually have money to invest in gold. Unlike the dumb@$$e$ who only have the extremely limited funds to invest in brass. And do so only because they will never have the money to ever invest in gold!

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This seems personal to you, if you need piles of gold to feel good about yourself, go for it. But understand that, beyond the assumed value, it is mostly useless. Brass, in the right shapes, with the right compliments of accessories, is very useful.

Posted: 1/25/2018 11:12:53 AM EST

[#19]

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Why would you have a mountain of cash lying around.

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I know people with 50k plus in a checking account that are relatively young.

Why they do this I don't know. Put some of it to work and throw some at precious metals for the hell of it if you want something physical.

Posted: 1/25/2018 11:15:30 AM EST

[#20]

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It doesn't matter what the temporary value of the dollar is. It will keep losing 3% a year until it collapses entirely. Buy metals and stocks.

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SO dollar is going to fail but we should buy dollar denominated stocks?

Posted: 1/25/2018 11:19:27 AM EST

[#21]

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Like the Confederate Dollar? Or the Zimbabwe dollar? Or the German ReichMark?

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Posted: 1/25/2018 11:22:44 AM EST

[#22]

Plenty of leveraged plays in the leveraged etf front if you think dollar is going to shit or global economy heating up. I am heavy in iron ore, Mn, Copper and coal at the moment. Looking to acquire some more oil production land as well. The dollar isn't necessarily losing value as much as it's a lack of demand in the secondary treasury market with other opportunities arising with accelerated global and domestic growth, re balancing of foreign exchange reserves in other areas, etc.

No simplistic answers as much as we want that to be the case.

Posted: 1/25/2018 11:24:11 AM EST

[#23]

The best currency is brass cased and lead tipped

Posted: 1/25/2018 11:25:43 AM EST

[#24]

Hey...Hey...I gotta investument for ya...Garunteed.

Attached File

Posted: 1/25/2018 11:26:05 AM EST

[#25]

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The best currency is brass cased and lead tipped

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This is fucking retarded.

Posted: 1/25/2018 11:28:12 AM EST

[#26]

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Like the Confederate Dollar? Or the Zimbabwe dollar? Or the German ReichMark?

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Quoted:

Quoted:
Precious metals may go up and down but always have value. That's the point.

That could be said about any other commodity.

Like the Confederate Dollar? Or the Zimbabwe dollar? Or the German ReichMark?

I am pretty sure a currency is not a commodity, so yeah there's that.

Posted: 1/25/2018 11:28:41 AM EST

[#27]

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What else is new? I'm sure somebody will come along and explain to me how we've got to Stock Exchange over 26000 and Industry and businesses are coming back like a lion but yet the dollar ain't worth $0.02

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Yea this is where I'm at?

Posted: 1/25/2018 11:29:12 AM EST

[#28]

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Quoted:
And not necessarily be true! Take paper money for instance. Remember what happened to the value of the US Confederate States of America paper money after the war? Or, the value of the German Deutschmark in the period after WWI?

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Quote History

Quoted:

Quoted:
Precious metals may go up and down but always have value. That's the point.

That could be said about any other commodity.

And not necessarily be true! Take paper money for instance. Remember what happened to the value of the US Confederate States of America paper money after the war? Or, the value of the German Deutschmark in the period after WWI?

bruh...you too?

Posted: 1/25/2018 11:30:07 AM EST

[#29]

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I know people with 50k plus in a checking account that are relatively young.

Why they do this I don't know. Put some of it to work and throw some at precious metals for the hell of it if you want something physical.

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Quoted:

Quoted:

Why would you have a mountain of cash lying around.

I know people with 50k plus in a checking account that are relatively young.

Why they do this I don't know. Put some of it to work and throw some at precious metals for the hell of it if you want something physical.

That's probably just enough for an emergency fund.

Posted: 1/25/2018 11:30:34 AM EST

[#30]

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SO dollar is going to fail but we should buy dollar denominated stocks?

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Quoted:

Quoted:
It doesn't matter what the temporary value of the dollar is. It will keep losing 3% a year until it collapses entirely. Buy metals and stocks.

SO dollar is going to fail but we should buy dollar denominated stocks?

I know you know how ADRs work.

Posted: 1/25/2018 11:31:22 AM EST

[#31]

I invested all my money in pussy...

What's money?

Posted: 1/25/2018 11:36:59 AM EST

[#32]

Actually...I may or may not have a pound each of gold and silver US circulated coins...As insurance more than a investment.

Put it away in a hole, and the odds are you won't regret doing so.

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Posted: 1/25/2018 11:41:25 AM EST

[#33]

Odds of the continued weakness in the Dollar creating a influx of currency returning from abroad.... ?

Odds of the surplus dollars creating a strong inflationary environment domestically?

Odds the Fed will need to continue raising rates to fight inflationary environment?

Odds that higher rates create a debt default en-mass as private and corporate entities can no longer service and or roll over existing liabilities?

Odds of a bond market bloodbath?

Odds of lolz?

Posted: 1/25/2018 11:43:14 AM EST

[#34]

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Invest in brass. Gold is for suckers.

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Ammocoin. The bottlecap of the future.

Posted: 1/25/2018 11:44:47 AM EST

[#35]

Quote History

Quoted:
SO dollar is going to fail but we should buy dollar denominated stocks?

View Quote View All Quotes

View All Quotes

Quote History

Quoted:

Quoted:
It doesn't matter what the temporary value of the dollar is. It will keep losing 3% a year until it collapses entirely. Buy metals and stocks.

SO dollar is going to fail but we should buy dollar denominated stocks?

The value of a stock is in the people it employs, the intellectual property it possesses, and the talent of its management. That can be measured in whatever paper coupon you want, but the value remains.

Posted: 1/25/2018 11:45:01 AM EST

[#36]

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Quoted:

Like the Confederate Dollar? Or the Zimbabwe dollar? Or the German ReichMark?

Right back atcha.

Posted: 1/25/2018 11:45:55 AM EST

[#37]

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I am pretty sure a currency is not a commodity, so yeah there's that.

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Quoted:

Quoted:
Precious metals may go up and down but always have value. That's the point.

That could be said about any other commodity.

Like the Confederate Dollar? Or the Zimbabwe dollar? Or the German ReichMark?

I am pretty sure a currency is not a commodity, so yeah there's that.

It's a thing which has value on the open market. The rest is semantics.

Posted: 1/25/2018 11:47:14 AM EST

[#38]

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This is fucking retarded.

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Quoted:
The best currency is brass cased and lead tipped

This is fucking retarded.

I forgot to add green tipped

Posted: 1/25/2018 11:48:43 AM EST

[#39]

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Right back atcha.

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Quoted:

Quoted:

Like the Confederate Dollar? Or the Zimbabwe dollar? Or the German ReichMark?

Right back atcha.

When you go to the bank and cash your paycheck, do they service the payment in fungible commodities?

Posted: 1/25/2018 11:48:53 AM EST

[#40]

Quote History

Quoted:
Odds of the continued weakness in the Dollar creating a influx of currency returning from abroad.... ?

Odds of the surplus dollars creating a strong inflationary environment domestically?

Odds the Fed will need to continue raising rates to fight inflationary environment?

Odds that higher rates create a debt default en-mass as private and corporate entities can no longer service and or roll over existing liabilities?

Odds of a bond market bloodbath?

Odds of lolz?

View Quote

Odds of lolz is approximately 99.87%

Posted: 1/25/2018 11:50:26 AM EST

[#41]

Quote History

Quoted:
When you go to the bank and cash your paycheck, do they service the payment in fungible commodities?

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Quoted:

Quoted:

Like the Confederate Dollar? Or the Zimbabwe dollar? Or the German ReichMark?

Right back atcha.

When you go to the bank and cash your paycheck, do they service the payment in fungible commodities?

I'm a small business owner. I sell commodities in exchange for dollars, then I turn those dollars into meat, fuel, and shelter. The fewer dollars I have at any time, the better.

Posted: 1/25/2018 11:58:38 AM EST

[#42]

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I'm a small business owner. I sell commodities in exchange for dollars, then I turn those dollars into meat, fuel, and shelter. The fewer dollars I have at any time, the better.

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Quoted:

Quoted:

Like the Confederate Dollar? Or the Zimbabwe dollar? Or the German ReichMark?

Right back atcha.

When you go to the bank and cash your paycheck, do they service the payment in fungible commodities?

I'm a small business owner. I sell commodities in exchange for dollars, then I turn those dollars into meat, fuel, and shelter. The fewer dollars I have at any time, the better.

So you exchange commodities for currency, in which you then exchange for different commodities.

Yes, exactly.

Posted: 1/25/2018 12:04:28 PM EST

[#43]

William Devane said so.

Posted: 1/25/2018 12:07:07 PM EST

[#44]

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So you exchange commodities for currency, in which you then exchange for different commodities.

Yes, exactly.

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Quote History

Quoted:

Quoted:

Like the Confederate Dollar? Or the Zimbabwe dollar? Or the German ReichMark?

Right back atcha.

When you go to the bank and cash your paycheck, do they service the payment in fungible commodities?

I'm a small business owner. I sell commodities in exchange for dollars, then I turn those dollars into meat, fuel, and shelter. The fewer dollars I have at any time, the better.

So you exchange commodities for currency, in which you then exchange for different commodities.

Yes, exactly.

The fuck is the difference? A widget which has value on the open market. Only difference is that fuel, shelter, and mest have intrinsic value.

US dollars have none.

Posted: 1/25/2018 12:14:19 PM EST

[#45]

I trust banks as a repository for money. I don't trust the government that can access my money at anytime or the fact that in the event of a natural or man made disaster I'll not have access to my funds. Diversify and keep enough precious metal on hand to live on for an extended period of time.

Posted: 1/25/2018 12:18:09 PM EST

[#46]

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Precious metals may go up and down but always have value. That's the point.

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An S&P500 dividend index fund may go up and down, but it will always represent an ownership stake in hundreds of America's biggest, best and most profitable companies, and it pays a nice dividend every quarter. That's the point.

Posted: 1/25/2018 12:20:46 PM EST

[#47]

I trust the dollar bubble because it's backed by men with guns, like the Venezuelan bolivar.

Posted: 1/25/2018 12:24:43 PM EST

[#48]

Silver spot is $17.65/oz at the moment. In recent times the last few months this up.

You make the call if you buy it or not. It may go higher. But my average price per ounce is just under $17 over the last few years.