YouTube - Broadcast Yourself.

Not sure where you could find those numbers but they can probably be found if you do the research as he did. However, we can use a more recent example of what he is saying using silver. In 1960 a gallon of gas about a quarter. Today that same quarter (90% silver) will buy you almost 2 gallons of gas (worth over 6 dollars). You can do the math for gold... $35 in 1960 and $1500 today. There are many other examples you could come up with.

grizzydoug 7 months ago

@grizzydoug

Thanks Griz for the update

.

in 1960 it was against the law to own gold in USA

in January 1980 gold was at $950 then dropped off for 30 years

In January 1980 Silver was at $55/oz. & it still has not made it back to that level

Silver coins are about $24 PER $1 bid & $22 ask @ close today.

A gallon of gas in 1960 was 35c & just today at ARCO (my town) $3.65.

Imagine holding on to silver coins for 50 years just to get a little more gas

U need to increase your position not stagnate!

anyname666 7 months ago

I bought all my silver at 6.25 and gold at 380 in 2004 after selling my house and stocks. 80% in silver 20% in gold. I am up 500%. Hardly stagnating. Silver closed at 33.85 today, not 24.

Completely different fundamentals right now than the 1980's. Gold reached $850, not $950 in 1980. Silver should reach break through 50 this year. I believe it will go much higher in the next 5 - 10 years.

PreciousMetalsStore 7 months ago

Well you called it-RE was almost at the peak in 2004 - Au & Ag were still way way low.

If you are from the La-De-Da Preciouis Metals Store u must know the difference between silver coinage & silver bullion. 715 oz of silver per $1,000 face. If u r who u pretend to be u must know that $1 face in silver is only about $23 today (7-2-11)

I was right there on Jan. 21 1980 & dispite what KITCO says it hit $950 outside the grid.Ag hit 55.

they have yet to catch up with inflation

anyname666 7 months ago

$850 or $950 gold has not even doubled since 1-21-80 Yet Real estate is up over 1,000% in addition since 1980 I have collected 31 years worth of rents.

I bought an 8 plex in 1980 for $49,000 collected the equivilent in todays dollars of $5,000 a month rent for 340 months before we sold it 3 years ago for $850,000

In any case even if I had waited until gold went back down to $400 in 1980 and bought 120 oz's of the junk --TODAY i would still only have 120 oz's or about $180,000 and no rents

anyname666 7 months ago

PMS please see all 4 comments made today and sent to you

this is #4

If you bought 100 oz of gold 2000 years ago and passed it down from generation to generation you would now have 100oz of gold....

if instead you bought a stone house and rented it you would still have the stone house but in addition you would have 24,000 months of rent. YES YES you have some overhead. so take off 20%.

I can't wait for you to accept the challange of the race.

anyname666 7 months ago

hows that work'n for ya the past week- gold down $200 Silver down 25% all in one day....

Ooooooooooooooooooouchy

in the meantime that is how much realestate took a dive over 3 years.......

anyname666 4 months ago

I don't even know why I bother responding but since you asked, it worked out GREAT! I bought another 1000/oz of silver on the dip to 28. So glad I got an opportunity to buy more so low. Should get a double on that purchase inside of 18 months. I don't think real estate is a bad investment right now either... but your such a troll just looking to slam precious metals at any opportunity. We both have our investment of choice so just leave it at that and quit being a jerk.

PreciousMetalsStore 4 months ago

12-14 Ag=$28.70

Hey PMS how r u doing on the PM's. Silver is down 7% so far for the year & right back to the $28's where u bought several thousand oz's in the last "dip"

In the mean time I have collected rent since April nonstop - no dips no surges just boring old rent. Your return on Ag for the year so far is -7% My return on RE since April is +22% gross & 18% net.

but hey there r 15 more days before the years closes out.

buy RE we are in a "DIP"

anyname666 1 month ago

Doing just fine... getting ready to buy 500 Silver Eagles. Factoring in my purchases at 6.25 (most was at this price), 16 and 28... my dollar cost average price is 11.34/oz. I could care less what the short term price is... I only care what the price will be in 5 to 10 years. Not in this for the short term. Always love these dips so I can grab some more. I'm sure I won't hear a peep out of you once it's back in the 40's and beyond.

PreciousMetalsStore 1 month ago

peep peep peeeeeep It has already been to forty & back again

hell it was at $55 in Jan of 1980 ~~32 years ago.

Glad u r in it for the long run - in the mean time u really don't make any gain. It seems like it when you compare the 1999 numbers with the 2011 numbers but as I have said many times when u buy 100 oz of silver & hold them for a short time or 1000 years & then u sell them u can only turn around and buy back the exact same amount of Silver

anyname666 1 month ago

Yes, and that is exactly the point. As Bernanke continues with QE to infinity and the dollar loses purchasing power, my silver does not (day to day volatility aside) To me it is money. If I need cash I can turn my silver into dollars inside of an hour... just as quickly as going to the bank and making a withdrawal. I do expect silver to far out gain inflation in coming years due to industrial silver shortages... but that is another discussion.

PreciousMetalsStore 1 month ago

Just a quick lesson~

the dollar loses purchasing power every year - it has lost every year since it came into existence.

AS labor asks for more $'s the price of everything expands with increase in wages & that is never going to stop. In the meantime holding PM only keeps up with inflation at best (yearly~decade~volatility aside)$55 in 1980 & $28 today. Minimum wage in San Francisco has hit $10 what do u think that will do to the price of bread & rent.

anyname666 1 month ago

I don't need a "quick lesson" from you. So what IS inflation? Rising prices is not the correct answer. You don't seem to understand that.

PreciousMetalsStore 1 month ago

inflation is when buying power of dollars, gold, or promisary notes buy less product than the year before-for what ever reason. It could be rising prices, decreasing size of product for the same price or expansion of $ supply & once again it has gone on since cave man started using flints, arrow heads & puka shells as money. Any economist can explain it to u. I would rather suffer 3% inflation of my dollar each year than 21% loss in my gold in 3 months~labor is the villain

anyname666 1 month ago

It wasn't asking because I didn't know so I don't need some hack keynesian economist to explain it to me because most of them get it wrong as well. At least you did get it somewhat correct. Inflation is the expansion of the money supply... period. Everything else you mention is just the net result of the inflation of the money supply. There has been massive inflation of the money supply the last few years. The rise in prices (including silver) is coming.

PreciousMetalsStore 1 month ago

Are you even aware of the 16 trillion the Fed loaned out that we were not told about? This was revealed in the watered down audit that was done. That is a DOUBLE of the money supply. A lot of the money went to European central banks. Not affecting prices here yet... but those dollars will eventually make it back to the US and it is not going to be pretty... and if you think they are done inflating the money supply you are kidding yourself. It is QE to infinity.

PreciousMetalsStore 1 month ago

as it turns out. For a LANDLORD inflation is our friend. whatever happens affects my equity & the amount of rent I charge to live in my property. If the dollar was cut down to 10% of its current value. My buildings would be worth 10 times more than they are now and my rent would go up 1,000%.

with PM's u have to hope tht those who manipulate the PM market keep doing it.

Someone dropped the ball in the 1980's 90's & 2000's and PMs lost againt the dollar

anyname666 1 month ago

OK but thought we were having some kind of race.....

I am up 4 months rent and now & have my house and 2 oz of gold. you still just have your 24 oz's of gold..

Maybe I have the wrong guy but there was a troll on here who kept hounding me about real estate and how much better gold was....

sorry if that was not you.

Kutos if you really did buy 1,000 oz on the dip at $28 - hard to belive a gambler would keep that much cash around waiting at $42 for the dip down to $28.

luck (really)

anyname666 4 months ago

By the way... the dollar was going up because the euro was falling. That is what the dollar is measured against (basket of currencies of which the euro is 56%). The euro was falling because of the problems in Greece. When the dollar rises, most commodities fall. Also, summer is the low point in precious metals prices each year (since they became legal to own in 1971). It rallies in the fall into the spring. Will pull back again next summer. Buy the dip!!!

PreciousMetalsStore 7 months ago

@PreciousMetalsStore 7-2-11

let's u & I race

I just bought a 3 bed 3 bath fixer in So. Ca. for $28,000 Cash & put $8,000 Cash into it

It is now rented for $800/month.

Rather than buying the house I could buy 24 oz of Gold & gotten no rent.

As it is now I can buy 1 oz of Gold every 2 months with the rent money.

On the 11th month I have property tax & insurance~about 6 weeks rent.

in 4 years & a few months I will have 24 oz of gold and a house U will have only 24 oz of gold

This is the RE dip.

anyname666 7 months ago

Good stuff. Hope we both do well.

Cheers mate!!

jgfergus 8 months ago

HEY

inflation is our friend

Inflation is why you just sold your house for $500,000 that you only paid $40,000 for 30 years ago

Now you can move to Florida and buy a $100,000 condo and live off the rest

anyname666 8 months ago

LOL...bank robbers and muggers. Hope they pay their rent each month. I don't need to pray for a run up in commodities. They will appreciate in value whether I pray or not as long as the fundamentals remain...money printing, dollar devaluation, inflation, wars, etc. And when the world gets it's finances in order, I will be exiting my position and buying other assets. Perhaps some high dividend paying equities. Did you end up buying any silver yet? Just curious. Let me know if I can help.

jgfergus 8 months ago

actually I bought about 300 oz when it was down to $9 about 3 or 4 years ago for a Jewlery making class I was taking. I onlly used up about 10 oz the price went up to $19 the next semester.

I held on to the rest of it. Not bad but not that exciting - Real estate was still to high then

now it is down & now I am buying.

you and I will talk in 5 years.

yes muggers even gang members need a place to sleep each night and they know they can get evicted just like any other slob ~ so they pay

anyname666 8 months ago

well you are not Real Stupid then are you.

20 units when finally paid for is a full retirment

anyname666 9 months ago

Those who bought silver at the peak in 1980 and didn't get out were either greedy or stupid or both. All markets have bull and bear cycles and you must have an exit strategy. Silver's peak price on the London Silver Fix was $49.45 in Jan. 1980 not $55.

Silver is now up 50% since Jan. 1. I could buy three of your $35k houses on my profit in silver and gold this year alone. But that would be foolish. I'll just continue to ride the Au and Ag bull markets for several more years.

jgfergus 9 months ago

By the way... why do you refer to those with enough common sense to see what's happening to the dollar and started investing in gold and silver years ago as "hoarders"? It's called being smart and having foresight. Do you also refer to those who save their money in the bank as "Dollar Hoarders"?

grizzydoug 1 year ago

So you must be talking to the day traders. Gold is going to be very volatile on it's way up. You will see wild swings up and down as it heads to $2500. Day traders are playing with fire and get what they deserve. Buy and hold. I started buying at $380, more at $500, more at $700 and last purchase at $850. Those who have bought at $1400 are going to be just fine as it's got a long way to go. I am hoping for a pullback to below $1100 so I can buy more. It may not happen : - (

grizzydoug 1 year ago

11-16-2010 views 2,826

gold is down $28 so far today in only 3 hours of trading. Down $90 in just 3 days.

Will any of you guys who have lost money on this Gold frenzy thing please write in.

I know it is up from last year but if you are trading and not hoarding you probably have lost money

lets hear it

anyname666 1 year ago

How's that theory workin' for ya?? Gold over $1480 and silver over $42 now. My net worth in Au and Ag increased by $10,600 yesterday alone. How's your paper money doing? Wake up man!!

jgfergus 9 months ago

You are right silver had doubled in the past year and gold is up 25% in the past year.

I will not buy real estate unless it yields at least 24% a year. so We are even on the gold but u r ahead on the silver.

I imagine that u must have been doing this for a long long time. Say since the 1980's

During that time my RE investments Octupled & I drew in 360 months of rent at 2% per month of my purchase price

U on the other hand have had gold for 30 years & it is just now going up. tsk! tsk!

anyname666 9 months ago 2

No. I only started investing in gold and silver in 2008. It's all about recognizing what markets are in long term bull markets. I will eventually sell my gold and silver investments and move into whatever is then at the beginning stages of the next bull market. Perhaps some income generating properties. But I doubt that will happen anytime soon, as long as the current underlying fundamentals remain unchanged or get worse. If gold and silver dip, I'll just buy more. Take care!

jgfergus 9 months ago

ok then you are doing what makes you money - good luck- and truley I hope it works for you.

I watched this happen in 1979 when the Hunt brothers drove the market.

So many people lost their pants on the 6 month market and the 2 years to follow.

Rather than waste my money then in this market I bought Real Estate and it has paid me dividends each month for the past 31 years

Like you I take advantage of the lows. RE is low right now

I just bought a 2 bed 2 bath house for 35K~rent $700

anyname666 9 months ago

It's a far different time than 1980. The underlying fundamentals of why PM's are rising dramatically are much different and worse than back in 1980. When the fundamentals change (widespread silver investment, no more concentrated silver shorts, silver industrial buying panic) then it will be time to sell. Income generating property is a smart move. Take the $700/month and protect it by buying silver and gold. Otherwise, that $700 in the bank, will be worth $675 next month. Cheers!

jgfergus 9 months ago

Well that sound advice but I well probably just buy another property with the rent.

The point about the 1980's was that silver hit $55 back then 31 years ago. And has never made it back.

It still has $9 to go as of 10am today

When it does hit $55 all those people who bought in 1980 will break even dollar wise but will have lost on the inflation and devaluation of the dollar. Silverr will have to hit over $150 for them to break even with inflation. then they will be just were they were

anyname666 9 months ago

And when I do finally exit the PM market. I'll buy a 20 unit apartment building. :)

jgfergus 9 months ago

@jgfergus 5-4-2011

HOLY CRAP! Batman!

Silver is down 25% in less than a week.

So how is that working for ya?

Just bought a house for $35K that will rent for $700 & almost have a deal on a 3b 3b for $25K that will rent for $800.

U take the same money & buy 40 oz. of gold & let's have a 3 year race.

U hold your gold 3 years.

I will keep my 2 rentals 3 years

each month when I get $1,500 rent I will buy one oz. of Gold. In 40 months I will have 2 rental properties AND 40oz GOLD & U will only 40oz

anyname666 9 months ago

LOL....been waiting for this haven't ya. Good for you. I'm afraid your math isn't too good. If I buy 40oz at todays price, in three years, I'll be much further ahead. You can buy 1 oz of gold now with your $1500, but it will soon cost you $1600, then $1700, then $2000. You will not end up with 40oz my friend. Sorry to burst your delusion.

jgfergus 9 months ago

Fine fine fine

Pretend gold doubles tomorrow and I have to pay $3,000 per ounce

then it will take me 80 months and not 40 months to own 2 houses AND 40 ounces of gold.

The part that you do not get is that

in ONLY owning gold you can NEVER advance your position. If you buy 40 ounces of gold today and hold them for 500 years you decendents will still only own 40 oz of gold.

However with a rental - each month that I receive rent I can buy some gold. And soon I will pass U by.

anyname666 9 months ago

I own a lot more ounces of gold than 40. I own a house worth over $600k and 5 acres of land in B.C.

Nice to see that you are now thinking of buying gold! Only problem is that in 80 months I will have sold my gold and moved my $ into the next bull market. And what kind of shacks are you buying for $25K and $35k? Care to post a quick video of them? Where I live, $25k might get you a nice garden shed!!

jgfergus 9 months ago

Not just waiting for this - it was inevitable. When the curve goes parabolic time cannot pass by fast enough to keep up with the curve and it falls off.

My math is great.

I still say you buy 40 oz's of Gold today (and bench mark today's date 5-4-2012 at the price at $1,515).

in one year my 2 rentals (35K and 25K) will have paid $18,000 in rent. No matter what spot is in a year I will have the two rentals and 12 (or so) ounces of Gold.

Check back in a year and we will compare then.

anyname666 9 months ago

Yeah....you'll have $18,000 in American paper dollars. Good god, give your head a shake man. Are you not aware where the greenback is headed??

jgfergus 9 months ago

Thanks for reminding me of paper dollars

Why don't you take one ounce of your gold down to the maket and see how much food you can buy with it.

First you will have to go accross the street to the coin dealer and sell him the gold coin at a discount and he will give you GUESS WHAT paper dollars and then you can go to the market and buy some food.

in the meantime Silver dropped to $35 yesterday but I will admit has bounced back $1.50 today

the green back never puts on a swing like that.

anyname666 8 months ago

2 weeks ago you were up $10K what happened to your net worth this week?? (5-4-11)

see my other comment for a challange.

anyname666 9 months ago

You're right. My net worth in PM's has taken a hit this week. But I don't worry. I am buying more at $42, $40, and $38. Just increasing my # of ounces. Pm's will stabilize and then continue their rise in this long term bull market. The fundamentals in the economy, government, etc that have caused the bull market in commodities have not changed. Now's a good time for you to buy a few ounces while there is a sale on.

Cheers my friend!

jgfergus 9 months ago

05-17-11

hey Fergus,

silver down to $33 this morning - gold at $1,475

hows that working for ya

The Dollar is up, gold ticking down,

You are down about $20 over the last 30 days (when it was $1,493)

hope your stop loss kicked in

in the mean time the 2 houses we just bought paid $700 and $800 this month

later gater

anyname666 8 months ago

I sold 1000 oz of silver at $43. So far I have bought 500 oz back at around $33-$34. Gotta love it when real assets go on sale. If I buy the remaining 500oz back today, I will have made a quick $10,000 profit. You do the math to figure out how long it will take you to make that with your slum rentals. Oh...and don't forget to factor in taxes, maintenance, etc.

Like I said...nothing goes straight up. There will be bumps in this bull mkt. I just buy more on the dips.

jgfergus 8 months ago

You are right again KIMOSABE

It will take me 13 months to make a net of $10,000 on the unit I just bought.

13 months from now I will again begin to make another $10,000 over the next year and you will be praying for another run up in silver.

could happen and good luck waiting for it.

with this months rent of only $700 I can only buy about 20 oz of silver. waaaa

or I might just save it for another slum property

DID YOU KNOW even bank robbers and muggers need a place to live???

anyname666 8 months ago

this man speak God's Truth.

Rico8458 1 year ago

So did the purchasing power of the dollar just start to drop with its inception or was the value of what ever currency they used before that dropping also. Fine fine fine… Gold kinda sorta keeps up with inflation (except the past 30 years – you will remember it was $850 in 1980). So when Gold finally does get back in line with inflation which would be around $2300 give me a call about this inflation thingy.

In the mean time keep collecting your rents so you can add that to your correction.

anyname666 1 year ago

I adore G Edward Griffin and all that he supports and all the people he has enlightened. He wrote Creature from Jekyll Island and a site called reality zone . He knows everything and is a blessing

Anett7373 1 year ago

Gold DOES NOT protect your assets from inflation

Gold may or may not protect itself from inflation

Inflation always goes up & there is almost never deflation

This dope has it backwards when the dollars purchasing power goes down that is definition of inflation

Real inflation follows the clamor for more wages

More wages paid the higher the cost of production

The more the cost of production the more the price on the shelf

Your assets will protect themselves from inflation pay off CreditCard

anyname666 2 years ago

@anyname666 here's the thing they are devaluating everybodies currencies to create a level platform for the value of Gold so they can introduce SDR's , what we have to do is force congress to discontinue the federal reserve note and let congress create money

in the beginning it can work like the Goodwill script of 1775 then slowly shift into real hard money

jhunted7667 1 year ago

@jhunted7667

Tsk! Tsk!

THEY whoever THEY are ~ are not devaluating the currency. It is devalued by the public at large who charge more & more for their LABOR year after year. As labor becomes more pricy the monetary unit gets worth less. You get the same labor from the same guy but he charges more. That is the ROOT of all inflation. The worker bee’s impression that he is worth more each year & deserves a raise therefore.

Hand out labor script. And you will end the whole problem. CREDITS

anyname666 1 year ago

@anyname666 I think that any worker has to get more because the dollar is worth less , look at the self employed people they bill out for as competitive a rate as they could and still make money so they make more money than a worker who works for a corporation with a fixed salery , that worker when they hire services must pay more to the self employed who is making that extra money when the common worker is not this leaves the common worker broke , the devaluation of the dollar did this

jhunted7667 1 year ago

@jhunted7667

So u r on the wrong end of the answer. Yes devaluation of the dollar~is in the vicious circle but the ultimate cause is LABOR.

Let’s try some basics. Gypsum is in the earth and it is free. But you have to pay some guys to mine it out. Then you have to pay some guys to refine it. Then you have to pay some guys to shape it into sheetrock (plaster board). The price of the board goes up not because the Gypsum cost more but rather the labor. Once up ~ the value of the dollar is less.

anyname666 1 year ago

No its not labor. You got it backwards. Its money printing (counterfeiting money) that causes money to be worth less and less.

On the gold standard, there was no price/wage inflation so that blows your theory away.

orangedac 1 year ago

you better get on GOOGLE and do some research on inflation

You will see that records have been kept on inflation since 1717 when Sir Isaac Newton first established the gold standard.

Do you truly believe that there has been no inflation relative to currency from 1900 to 1960‘s

Gold is FREE all you have to do is dig it out of the ground. Right??

The price of gold reflects the price to get it out of the ground & off to market

Wages & prices went up during the gold standard

anyname666 1 year ago

Stop making up facts. You do some research. Look up the graph Consumer Inflation in the American Colonies from 1665 to 2007. Prices only started a parabolic rise after 1933 when Roosevelt abandoned the gold standard. The gradient of the graph increses exponentially after 1971 when nixon closed the gold window.

Prior to that, the consumer price index was stable for almost 250 years.

Inflation is primarily due to increase of the money supply.

orangedac 1 year ago

Sooooo

R U telling me that when the money supply shrinks the price of gas will go down and the price of beans will go down and my employees will beg me to pay them less money per hour?

Is that what you are saying?

& that the price of beef and pork and dry goods and lumber and nails and shoes and bread will all go down once the money supply dwindles??

WRONG

UR right that the supply of money (expansion or contraction) does influence inflation but it is NOT THE MAIN DRIVING FORCE-

LABOR is

anyname666 1 year ago

Yes that is what I'm telling you. The question is, are you able to understand it.

Your rambling suggests that you start typing before you have figured things out in your mind. Give it a little more thought.

CPI did not rise to any great extent for 250 years when the money supply growth was stable. It started rising exponentially when its supply increased disproportionately to economic growth. Put 2 and 2 together and don't be stubborn.

orangedac 1 year ago

so you are saying that when the money supply falls

employees will be out side the corporate offices with picket signs asking for lower wages

The CPI has not been up any great deal in the past 20 years

I have lots of leases with rates based on the CPI

anyname666 1 year ago

If the purchasing power of money increases, salaries adjust downward accordingly. Any employee who feels he deserves more is free to find a job elsewhere. Skilled & unskilled labor alike have less & less pricing power these days.

Purchasing power of the dollar has been falling since inception of the fed due to inflation of the money supply beyond the rate of economic growth. This inspite of favorable geopolitical circumstance & huge economic output in the 20th century.

orangedac 1 year ago

Edification comes at a price

The usual price is your time

Since you have told me in a personal message that you do not want to take the time ~~ it is easy to see that you are just another loser.

Be blissful in your ignorance and say well

anyname666 1 year ago

Its a question of is it worth my time.

I doubt it.

orangedac 1 year ago

you "WORTH MY TIME" idiots are all the same

just how much are you making right now - sitting at the computer trying to impress everyone with how much your flippen time is worth.

Just Another Loser

anyname666 1 year ago