Posted on 12/03/2011 6:13:56 PM PST by Comparative Advantage
Major news networks have all rejected two animated television spots developed by Phoenix-based Swiss America Trading Corp. depicting Ben Bernanke and President Obama printing money with abandon, and promoting ownership of gold and silver as protection against this policy.
The ads have been rejected by Fox, Fox Business, CNBC, NBC, MSNBC, ABC, CBS, CNN, & the Discovery Channel.
Dennis Miller, for one, has never pretended to be a “True Conservative,” in the manner you imagine. I suspect a majority of the rest, also.
Apparently, some sponsors are more equal than others. [Little irony and allusion there.] No starving the beast or US nationalism allowed, say the merchants and importers.
I’ve never purchased a politician of my own, but I gather that they don’t stay bought. You have to keep paying.
Quite a while ago it occurred to me that all the ads pushing gold and silver may have been because the government wants people to get rid of their worthless dollars and put them into something more reliable, silver and gold, which they will confiscate much as FDR did. The heck with the people who earneed rhose shrinking paper dollars, the Elite prefers the real thing.
Fractional gold with physical possession. Eagles, Maple Leafs and krugerands.
Silver was $1 per ounce in 1913 when the Federal Reserve was formed. A paper dollar is now worth 4 cents in purchasing power compared to then. Thus you now need $25 to buy what $1 would buy in 1913. As long as silver is worth more than $25 per ounce, it has served as a hedge against inflation for 98 years.
I like the way you think. I buried 2 or 3 mercuy dimes somewhere on 140 acres. Now if I can just remember where.
The ads were funny. I was LMAO.
Silver is the currency of the poor man, and the rich man for that matter, in times of economic turmoil. All of us can go buy small amounts of silver, it’s still cheap and undervalued (this is my belief, having watched Chile and Argentina do everything in their power to devalue gold and silver before their currencies failed). Chile learned, Argentina is as corrupt as ever.
Silver being for the “big boys” in this time and market is a ignorant statement. Everyone here can take $30.00 and go buy silver (.925 is about $30/ounce). As inflation keeps rising (see shadow stats.com, we are around 12% now), you have something that is not being eroded in value, whereas the dollar is losing value. There will be a spike in value of dollar with the fall of the euro (it will be a “safe haven”—temporarily). Beware the manipulations of the silver and gold markets will only last so long.
To all reading this, don’t just buy silver from anyone. Find a legit broker in your area, they should only add 6% to 8% on to market prices. It’s the cost of them being there to do business.
bump
I understand what you mean...Dennis Miller, however was one of the show that a woman at WND.com monitors for her posts on talk radio. I myself turned on him after he admitted he was liberal on social issues.
But Savage, for example, is right to attack Fox News. At one time Savage used to go on Fox News before his MSNBC show debacle. Levin is right to feel there are phonies in the GOP and worry about conflict coming. And Beck is right to expose the radicals on the left and bash rinos on the right. So those are the people I follow.
I remember Silver was about $7.00 per ounce about 40 years ago, but I could be wrong.
Either way, my feeling is that both of these metals have peaked in value and the time to get in has passed a couple of years ago.
Saw the same with Gold in the late 1970’s and early 1980’s and then it dropped like a rock in value.
Of course, Reagan righting the ship and shoring up our economy might have played a large part in that.
LOL!
The easy answer is "anything tangible", but then issue of property taxes raises its head.
Investing in knowlege and skills is good for people in the right circumstances.
I recently assisted a young man in setting up a machine shop, in exchange for some ownership. The thought is that a lot more things are going to need to be repaired in the future.
One idea I really like is to identify some relatively small, popular auto engine that has reliability issues, and starting a shop that specializes in rebuilding just that engine. I think that might actually be a nice retirement plan. :)
Just some random thoughts from a serial entepreneur.
During the Hunts' accumulation of the precious metal, silver prices rose from $11 an ounce in September 1979 to nearly $50 an ounce in January 1980. Silver prices ultimately collapsed to below $11 an ounce two months later
Just looked up the history of Silver value.
About $5.00 an ounce during most of the Carter administration, then it jumped to almost $50.00 per ounce from 1979 to 1980, then fell back to $5.00 an ounce as fast as it rose, stayed at that level for the past 30 years and has suddenly risen again, but is starting to fall again:
http://silverprice.org/silver-price-history.html
I think that ship has sailed and Silver has peaked and will drop back down to under $10.00 an ounce or lower in the near-future.
Gold will likely do the same:
http://goldprice.org/gold-price-history.html
That ship has sailed as well and I don’t see either commodity rising as they have peaked and will likely start to fall, causing a massive sell-off.
I should add I tuned out a bunch of people at Fox News over the years because they shill for Obama and the left or use to making progressive/liberal/statist guests. Basically I dvr Megyn Kelly and Fox and Friends and sometimes watch Hannity, just for guests.
I read Bill Fleckenstein’s Bailout Nation. It was pretty good. Some of it repeated information in Thomas Sowell’s Housing Boom and Bust. But most of it was about how bailout were wrong and a history of bailouts and why they didn’t work.
from reading the book, I learned a lot which lead me to the website. Then I mad a slight I mistake of reading Ron Paul’s End The Fed. It repeated some info in Bailout Nation. But it lead me to Thomas E. Wood’s Meltdown.
At the time I read Meltdown in the spring of 2009, I didn’t know much about him. Later I found him on Glenn Beck’s tv show. But have since learned that Mark Levin has beef with a writer online called the Southern avenger at youtube and that avenger guy quotes Wood’s a lot. So Levin has beef with Thomas E. Woods.
I’m not libertarian. But some people on the Fox channels are like John Stossel and Judge Napolitano and Tucker Carlson who runs the daily caller.
Glenn Beck, who left Fox News, is a bit all over the map. He billed himself as conservative but turned on Bush so he then says he is agreeing more with libertarians. But he has slowly turned on them so now since leaving Fox he doesn’t say he is libertarian. If anything he is a tea party conseravtive who sometimes agree with libertarians on fiscal issues so it would make him a conseravtive-libertarian hybrid or variant.
I guess what I am saying with the libertarian stuff is that the people at Fox who are libertarian sometimes have that bent on their shows and invite Libertarian guests. Thus, as far as Thomas E. Woods is concerned not sure on him. His book was good. But I have to research more of what Levin’s beef is with him. But skeptical on Woods.
So?
As long as silver is worth more than $25 per ounce, it has served as a hedge against inflation for 98 years
It wasn't over $25 two years ago.
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