I am asking Junk Silver to view my post 144 in which I made a reply to editor-surveyor thinking he/she was the originator of the startling statement made by Junk Silver that Janet Yellen was “quantitatively easing” silver.
In this case, editor-surveyor does have a point: I did not read carefully in post 135, who addressed me. I thought it was Junk Silver chastising me, when it was editor-surveyor who admonished me to read more carefully. Even now, I’m not sure what editor-surveyor wants me to read more carefully. I read Junk Silver’s post most carefully.
I thought this forum was for the purpose of discussing matters, and educating each other.
Junk Silver had dangled the question if we had heard of Janet Yellen’s actions with Silver quantitative easing. I had not. Based on what was written by Junk Silver, I did not understand in what form a PM, silver, could be “quantitatively eased.” Does it take the form of out and out counterfeit metals, or is it some kind of book cooking? It was not clear to me. In either case, I would like to understand more about the concept. I am just not seeing how a PM could be “quantitatively eased.”
How about it, either one of you? Are either of you willing to kindly (and hopefully gently) bring some of us lesser beings along?
I apologize for any confusion created by my post. Humor does not always translate well on-line. After my question about the hypothetical “Quantitative Easing” of silver coins I added the disclaimer- “No - you didn’t!”
My point was that precious metals will always win out over fiat currencies in the long run because of the irresistible temptation to print more money. In recent years the Federal Reserve has conjured up billions of dollars through various forms of financial trickery. In all that time I am quite certain that they have not brought into existence so much as one gram of actual silver.