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#151 |
Chaos Technician
Join Date: Apr 2001
Location: 4th dimension
Posts: 43,380
Adopt-a-Bronco: Eris |
![]() Wait, i thought the stock market going up was good for us*.
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#152 | |
Just hanging out.
Join Date: Aug 2005
Location: Denver
Posts: 15,983
Adopt-a-Bronco: The Team |
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Google is either a complete mystery to him, or he's too lazy to research anything that might prove him wrong. ![]() |
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#153 |
A verbis ad verbera
Join Date: Mar 2006
Posts: 40,958
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![]() Well i never really had enough money for gold so i bought silver. I bought 100 ounces when it was 14 dollars an ounce. Pretty stoked about that. Wish I had bought more dammit!
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#154 |
Headmaster
Join Date: Apr 2001
Location: in the present moment
Posts: 69,057
Adopt-a-Bronco: Leo-TailGateNut |
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#155 |
A verbis ad verbera
Join Date: Mar 2006
Posts: 40,958
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#156 |
A verbis ad verbera
Join Date: Mar 2006
Posts: 40,958
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![]() Also anyone who bought that gold there could still be a bubble, silver better because it is used more in industry and has more real value then gold IMO.
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#157 | |
Headmaster
Join Date: Apr 2001
Location: in the present moment
Posts: 69,057
Adopt-a-Bronco: Leo-TailGateNut |
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As for the 2,000 mark it will hit that and far beyond before all is said and done. Did you ever buy that cabin/land out East of you? |
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#158 |
lost in the ether
Join Date: Jan 2003
Location: The 'cuse
Posts: 5,907
Adopt-a-Bronco: Your mom |
![]() This morning gold is up to 1486 while silver is at almost 43 bucks.
http://online.wsj.com/article/BT-CO-...15-702250.html |
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#159 |
Chaos Technician
Join Date: Apr 2001
Location: 4th dimension
Posts: 43,380
Adopt-a-Bronco: Eris |
![]() I'm meeting with some people from Baltimore about starting a local currency here.
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#160 |
lost in the ether
Join Date: Jan 2003
Location: The 'cuse
Posts: 5,907
Adopt-a-Bronco: Your mom |
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#161 |
Chaos Technician
Join Date: Apr 2001
Location: 4th dimension
Posts: 43,380
Adopt-a-Bronco: Eris |
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#162 |
Chaos Technician
Join Date: Apr 2001
Location: 4th dimension
Posts: 43,380
Adopt-a-Bronco: Eris |
![]() http://mises.org/daily/5196/Utah-Rec...ns-to-Be-Money
Utah Recognizes Gold Coins to Be Money The state of Utah has recently enacted a law by which the gold coins issued by the US Mint are to be considered money and, therefore, not subject to capital-gains taxation. The law does not apply to foreign-issued coins, such as South African Krugerrands, by far the most popular precious-metal coin in the world. Nor does the law apply to privately issued coins, such as the so-called Ron Paul Dollar. Capital gains on the US-issued coins would still be subject to federal taxation. |
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#163 |
Ring of Famer
Join Date: Apr 2006
Posts: 19,445
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![]() Silver just climbed above $43/ounce.
Garcia Bronco will have to eat his shorts in public before this is over. |
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#164 |
Headmaster
Join Date: Apr 2001
Location: in the present moment
Posts: 69,057
Adopt-a-Bronco: Leo-TailGateNut |
![]() Gold is $1,487 an ounce. Thanks for the heads up about Gold being a bad investment Garcia I almost bought some of the shiit. Tell me what's yur take on the Internet you thing it will ever amount to anything.
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#165 | |
lost in the ether
Join Date: Jan 2003
Location: The 'cuse
Posts: 5,907
Adopt-a-Bronco: Your mom |
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What incentive do you provide to have people use the local currency vs the using Fed Reserve Notes? I assume they give a discount? |
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#166 | |
lost in the ether
Join Date: Jan 2003
Location: The 'cuse
Posts: 5,907
Adopt-a-Bronco: Your mom |
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#167 | |
Ring of Famer
Join Date: Oct 2003
Posts: 13,801
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#168 |
Headmaster
Join Date: Apr 2001
Location: in the present moment
Posts: 69,057
Adopt-a-Bronco: Leo-TailGateNut |
![]() What would $15,000 in silver at 1960 prices buy today.
You could buy a house for that in 1960. |
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#169 | |
Chaos Technician
Join Date: Apr 2001
Location: 4th dimension
Posts: 43,380
Adopt-a-Bronco: Eris |
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Baltimore's model might be the best fit for this area. Incentives are not just $, but also community driven. It does help keep local $'s local. |
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#170 |
lost in the ether
Join Date: Jan 2003
Location: The 'cuse
Posts: 5,907
Adopt-a-Bronco: Your mom |
![]() Well, that only works if the community as a whole buys into the concept. I don't disagree with you. However, the idea of something 'being good for the community' is an esoteric and not tangible idea. Its hard to rally folks around that. Much easier to rally folks around the idea of "use this, pay less."
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#171 |
...
Join Date: Jan 2003
Location: FrontRangeAbove8500ft
Posts: 6,949
Adopt-a-Bronco: Mcmanus |
![]() wouldn't going back on the gold standard, state by state, in essence be the end of fiat currency and the fractional reserve system?? inquiring minds want to know!
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#172 | |
Chaos Technician
Join Date: Apr 2001
Location: 4th dimension
Posts: 43,380
Adopt-a-Bronco: Eris |
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#173 |
lost in the ether
Join Date: Jan 2003
Location: The 'cuse
Posts: 5,907
Adopt-a-Bronco: Your mom |
![]() I wouldnt think so. The US G still allows the Fed Res to issue our national currency. And again, it goes back to what I said a couple of posts ago, bad money drives good money into hiding. Few will pay with silver and gold that will only increase in value while the rest will pay with dollars which are only gonna decrease in value. But again, if it works as an education and exemplary tool, then I am all for it. I think our generation will have to learn what those who lived thru the revolution did... "a wagon full of money wont buy a wagon full of supplies."
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#174 |
Headmaster
Join Date: Apr 2001
Location: in the present moment
Posts: 69,057
Adopt-a-Bronco: Leo-TailGateNut |
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#175 |
Ring of Famer
Join Date: Oct 2003
Posts: 13,801
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![]() The main incentive would be because of sound money with stable prices. Everybody will see the goods going up in Federal Reserve Notes, but they stay the same price in the local currency.
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