It doesn't matter to the progressives. Facts are irrelevant when you have an agenda.

Don't know. Hasn't posted for a couple weeks. Hope he is just on vacation.

I have not seen $5Gold in a long time. I was hoping for his comment on this. Does anyone know what has become of him?

Jan

I've seen that "Wild West" characterization used in an attempt to tarnish things new that threaten the status quo. Specifically I've also seen it used again and again to make concealed carry seem like a danger. Too bad for the Bloombergs, Bradys, other (falsely) tough-on-crime politicians... it's too bad that violent crime almost always goes down in states that facilitate concealed carry by citizens.

Good point. There is no real value in paper money. Interesting that I read one of the purposes of the Federal Reserve when it started in 1913 was to preserve the value of the dollar. A hundred years later and it's down 97%. Sounds like they failed.

Don't quote me, but my memory is that paper dollars last on average about a year and a half, and that paper has no real value.

Whereas coins last about 40 years. So 1.83 cents for a penny and 9.41 cents for a nickel. I wonder what those expenses are in 2054 money.

Is there enough usable metal in coins for them to have value?

Pay no attention to the man behind the curtain.

Uncle Socialist doesn't like competition.
Neither does Daddy Warbanks.

I looked at the chart recently, and it looks like it is near the "panic" stage of a classic bubble. Thanks, rich.

Check with Kh. We have talked about it before. I think she invested and knows a lot about it. I gave it some thought but I don't know enough to justify the risk.

Yes. That's what I meant.

Has anyone actually invested in Bitcoin? I am seriously considering it, and I want to go in with eyes wide open. I like the idea, but I think the boat has left the port already. Is it still a good idea to invest in Bitcoin, or is too late now?

The only thing wrong with auditing the Fed is that we should destroy the Fed instead.

Okay maybe not angry. They were shocked that we would question their authority

Looters and moochers got angry about an audit? Say it isn't so. :O

I never understood the anger directed at Ron Paul for suggesting we audit the Fed. It's as if we should accept they have our best interests at heart.

Great advice OA.

Good thing they "produce" in such volume.

Of course, the American people eat this unnecessary lost. It would be interesting to audit the fed to figure out which officials and companies got away with the gains.

And a remote won't help. Today my office manager received another solicitor call from a firm offering to "help us with our capital problems." I told her the next time they call ask them to "please fire everyone in D.C." :)

I turned 50 this year and heard the same thing when I was a teenager.

The penny will disappear soon. It's a huge waste.

I'm very comfortable with a medium of exchange that depreciates predictably around 2% to 5% per year. I prefer it. The arithmetic and raising prices in Quickbooks and on letters of engagement isn't a problem for me. For people who don't want that, though, they are free (by birthright IMHO) to trade with whatever the heck they like.

I guess that's how they see freedom.

Leave it to our government.

For the fiscal year ending September 30, 2013, the unit cost for the Mint to produce and distribute the cent was 1.83 cents and the unit cost for the nickel was 9.41 cents.

The dollar is falling, and it can't get up.
http://youtu.be/bQlpDiXPZHQ