Official ODT Silver Thread

[mtnsmith]

and i am no longer buying lol

i gotta wait till it drops. geeeez, 1450

May not drop much any time soon. All that money printing under OB is going to hit us one of these days! It's over $1500 at all the bullion sites now with their 5% premiums!

 

[MRM]

May not drop much any time soon. All that money printing under OB is going to hit us one of these days! It's over $1500 at all the bullion sites now with their 5% premiums!

Here's the graph
https://fred.stlouisfed.org/graph/?g=mc6A
There was a article on Drudge a few days ago about inflation being higher than anticipated.
Huh....I wonder why.

 

[Peanut Butter]

Any silver out there for sale?

 

[mtnsmith]

Here's the graph
https://fred.stlouisfed.org/graph/?g=mc6A
There was a article on Drudge a few days ago about inflation being higher than anticipated.
Huh....I wonder why.

Right, we don't have to have anyone to tell us what inflation is; look at vehicle prices, food prices, property taxes, housing, auto and home insurance, what ever you buy cost more!!

 

[MRM]

Right, we don't have to have anyone to tell us what inflation is; look at vehicle prices, food prices, property taxes, housing, auto and home insurance, what ever you buy cost more!!

Uh, did you look at the graph?

 

[mtnsmith]

Uh, did you look at the graph?

Yep

 

[chucklenut]

Uh, did you look at the graph?

so.....if banks arent holding cash, what becomes the more valued asset?

am i reading that correctly? cause im a dumb dumb when it comes to the magic of fiat

 

[MRM]

Yep

Alright, I just don't understand your response, but I'm ok with that.

 

[mtnsmith]

Alright, I just don't understand your response, but I'm ok with that.

My response was in reply to your mention of Drudge article about inflation. Also we all know the gov't's quotes on inflation are rigged to keep cola's to a minimum on wages and SS.

 

[MRM]

so.....if banks arent holding cash, what becomes the more valued asset?

am i reading that correctly? cause im a dumb dumb when it comes to the magic of fiat

The graph is showing that there was a enormous amount of money not in circulation when it was created during the QE. It's entering circulation and that is a large part of the inflation I believe. There is also a long way to go.
Adjust the graph to pre 9/11.
Then include 9/11 (a big deal right?)
Then include the peak.
I get it. Stuff we all already know, but, look at it 3 months from now and see what they are doing. I do anyway.