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overtheedge
Member since May 2012
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Gold, Silver & King Dollar - Dan Dontrose - The Fundamental View

"The question I have for them, which is never answered in their posts, is how do you make change for a half ounce of silver when doing some grocery shopping or when paying your bills?"

And in one sentence any credibility you might have had on this subject vanishes.

It is most presumptuous to think that the current grocery shopping experience will remain operative. Oh and you might want to look at how grocery shopping was done during the MANY other depressions.

Is there a problem with your understanding of the trade value of a half ounce of silver? Perhaps you are among the after-born: born after 1964. If we consider seigniorage, a half ounce of silver was roughly the same as a 50¢ piece. Perhaps silver dimes or quarters? Maybe another couple pounds of potatoes instead of change? Commerce will go on.

Commented 4240 days ago

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Beginning of the headline :One of the more common themes during the parabolic moves in gold and silver was that the US dollar was on its last legs and ready to die and that anyone wanting to survive needed to buy silver and gold to protect themselves from the day the dollar died. (didn’t one of those silver stacker fear preachers make a video about that? moving on …) The financial crisis gripped the world in late 2007 but didn’t really hit everyone in the head until 2008 and 2009. We saw some major movements in all equ... Read More

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