Major D-

Thanks for the laugh!

Sir Kaiser-

Testify, brother, Testify!!

Sadly, most people are very uncomfortable with the concept that Luck (AKA random chance) plays a larger role in their lives than they would like to believe. Granted, chance favors the prepared mind, but randomness is at work in everyone’s life far more than most can admit to themselves. Some will attribute their path in life to their own “superior” abilities, some choose to believe it’s “God’s will”, but very often, it’s just the Cosmic Crapshoot influencing things, for good or ill.

When and if we loose the status of being the World trade currency, than you will know how bad our government has ruined your money, our economy

Kaiser,

To add to your good points: I have often wondered why we have top Ph.D. economists that can’t agree on a way to operate our economy effectively always… especially since we have Nobel Prize winners in Economics each year. Shouldn’t they be able to solve such complicated matters to a large degree?

NumisdudeTX

Sam,

Just wait until we’re paying a Trillion dollars a year just to service our debt, now over $32T. This year, that price tag will read $660B plus. Just think how many migrants we could buy houses for with that money. Personally, I think the big driver of inflation is going to be oil, the price of gas is accelerating once again. It’s a good think that Biden sold most of out SPR to the Chinese. I’ve already shifted some funds into those stocks.

It seems to take different products varying times to percolate through the US monetary system (see the concept of ‘velocity of money’). Some items get inflated faster than others, and there are many factors in play. Complex issues have complex solutions.

I recall during the Great Recession, the Obama administration kept pumping money into the system, yet resulted in little moving up except the price of stocks, at least for over a year. Now we have had money printed essentially out of thin air by Trump AND Biden (Covid Relief, Inflation Reduction, etc.), to the tune of approximately 10% of GDP – and now we have had inflation striking us all to a similar extent over the past few years.

I suspect that the “people in charge” of our global financial system have no more real knowledge of what they’re doing than I have. A trained chimpanzee might do as well!

If the silver grid would be anything like the gold, platinum, palladium grid, the proof silver eagle would be $110 this year. Not that I like the current system but the mints metals grid is currently much to high.

Sam-I-Am,

I am just emphasizing the need to be fair in transparency with all precious metals the Mint sells. A silver grid could be made for instance that goes in $5 increments per ounce. As of now, we have no idea when the Mint will raise or lower its silver products prices until a few days before they go on sale.

NumisdudeTX

Seth –

While I do support your idea, I doubt enough other potential collectors would react well to such a proposal. One of the advantages of Ag coins is knowing ahead of time how much they will cost – and the fluctuations in price are relatively small. With Au coins from the Mint, you don’t know how much it costs until you buy it! Also, the fluctuations in gold are large enough to pay for a single silver coin, sometimes.

Listen to the headlines…silver price is down sharply this year! Lower your silver coin & silver medals prices!!
Put your silver products on a weekly price grid like you do for all your gold, platinum & palladium products to be fair & transparent.

NumisdudeTX