WWIII, silver prices, and my Coin Roll hunting Poll

[SilverForBrains]

The end of the 1 mo. period is getting closer where we find out who is the winner for the silver dime. thanks to all who put in a guess! a brief spoiler, the consensus is that silver would be higher, and it's looking like that's the direction it's going in.

Russia is now sending troops to small towns outside Crimea? is this the start of something really big? WWIII? The second USSR? I am thinking now's the time to stop CRH and start straight out buying. Thoughts, opinions? The next few months will be big geopolitically, The amount of silver I can procure CRH may not be worth missing the opportunity to take those funds and buy in what may be considered an incredibly low price.

life gets more interesting everyday

time for a beer

 

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[SilverFace]

When the US dollar loses its status as the worlds reserve currency, the fiat currency game will be over. Its doesn't matter what dollars the Fed prints, whether old or "New", if its not backed by gold people will finally be forced to realize they are worthless and no one will want them - esp if its true the US government has very little if any gold. And it doesn't matter if there might still be some demand in this country for dollars - there will be way too much supply which in turn makes them worthless. If anyone does still accept them u may need a trunk load of $100 bills just to buy a tank of gas.

We need demand from foreign countries to buy our dollars so we can exchange them for the goods that they produce that American consumers are now dependent on. We are no longer a nation of savers, investors and producers like we used to be. We are now a nation of debtors, spenders and consumers completely dependent on the charity of the rest of the world. This con game we've been playing with the rest of the world will be over sooner than later.

More and more people will finally recognize the real monetary value of gold and silver which has a real intrinsic value - and demand for PM's will rise, exceeding supply, causing prices for PM's to soar. China will have the worlds largest economy sometime before the first half of the 21st century. Until and unless the government and central bank of this country are finally forced to do the right thing and cut spending dramatically, allow interest rates to rise to real free market levels and allow our economy to completely restructure as it should then it may very well be China who has the worlds reserve currency before long. And the only people with any wealth left in this country will be the ones who understand enough to sell their USDs before its too late.

 

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[SilverForBrains]

I can't wait to spend one of these puppies

 

[SilverForBrains]

Unfortunately the only thing that has real intrinsic value in the end is food water and shelter. But Gold and Silver are the next best thing because they are a global store of value

 

[Infowarrior]

Unfortunately the only thing that has real intrinsic value in the end is food water and shelter. But Gold and Silver are the next best thing because they are a global store of value

Hey dont count out guns and ammo! Just as valuable.

 

[Iamrussell]

Hey dont count out guns and ammo! Just as valuable.

+1 - man because you can only throw so many rolls before your arm gets sore lol

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just keep stacking, just keep stacking, stacking stacking stacking

 

[SilverFace]

Maybe the Fed will be printing these again sometime soon. Notice how the bill used to state....."one hundred thousand dollars in gold payable to bearer on demand as authorized by law".....LOL. That was real money that had a real store of value back then because it was actually backed by gold. And when these dollars were used in circulation they were actually worth about 2,857 oz of gold. Today $100,000 will only buy about 73 oz of gold and it may not be long before $100,000 wont even buy 10 oz of gold. Thank you Federal Reserve.

So actually if they started printing $100,000 bills again they would have to change the design to remove all that info because USD's are no longer silver and gold certificates, thanks again to the Federal Reserve and our wise caring patriotic politicians and Keynesian insanity.

 

[xrunndonex]

They'll do away with paper currency and coins before the dollar collapses. It'll all be debit and credit. Hell it basically already is hardly anybody carrys cash anymore.

 

[xrunndonex]

Once the dollar collapses I hope they'll make global currency but our gov. Is to childish for that they'll go on a shutdown again and cry

 

[boristhespider88]

Maybe the Fed will be printing these again sometime soon. Notice how the bill used to state....."one hundred thousand dollars in gold payable to bearer on demand as authorized by law".....LOL. That was real money that had a real store of value back then because it was actually backed by gold. And when these dollars were used in circulation they were actually worth about 2,857 oz of gold. Today $100,000 will only buy about 73 oz of gold and it may not be long before $100,000 wont even buy 10 oz of gold. Thank you Federal Reserve.

So actually if they started printing $100,000 bills again they would have to change the design to remove all that info because USD's are no longer silver and gold certificates, thanks again to the Federal Reserve and our wise caring patriotic politicians and Keynesian insanity.

The $100,000 bill didn't technically circulate among citizens.

Denominations

The largest denomination of currency ever printed by the Bureau of Engraving and Printing (BEP) was the $100,000 Series 1934 Gold Certificate featuring the portrait of President Wilson. These notes were printed from December 18, 1934 through January 9, 1935 and were issued by the Treasurer of the United States to Federal Reserve Banks only against an equal amount of gold bullion held by the Treasury Department. The notes were used only for official transactions between Federal Reserve Banks and were not circulated among the general public.

Also, this is kind of interesting:

Adjusted for inflation, $100,000 at the time of these notes' printing was, as of 2013, approximately equivalent to $1,720,000.

Large denominations of United States currency - Wikipedia, the free encyclopedia

 

[SilverFace]

That first part does make more sense but Im not sure about the inflation adjustment part. The same year those bills were printed was the same year the Gold Reserve Act was passed that devalued the dollar by over 40% which if I understand it correctly increased gold to $35 oz which would mean $100,000 back then would buy over $3.8 million in gold today. But IM getting kinda tired and maybe my calculations aren't correct somehow lol. Either way, yes there has been a lot of inflation, unfortunately.

 

[boristhespider88]

That first part does make more sense but Im not sure about the inflation adjustment part. The same year those bills were printed was the same year the Gold Reserve Act was passed that devalued the dollar by over 40% which if I understand it correctly increased gold to $35 oz which would mean $100,000 back then would buy over $3.8 million in gold today. But IM getting kinda tired and maybe my calculations aren't correct somehow lol. Either way, yes there has been a lot of inflation, unfortunately.

The source for that statement is using this:
CPI Inflation Calculator

Based on the face value of the bill, not the value of the gold, so I'm sure there's going to be a large variation.