by Thogey » Mon Sep 20, 2010 8:08 pm
The arguement doesn't work.
Just because the paper trade hides (they say suppresses) the true value of physical PM's doesn't mean that, in the absence of that market, the demand would be a straight line extrapolation, regardless of cost.
The demand curve would seriously bend. I obviously would not pay 900 per ounce of physical Ag.
My analysis, however, does not take the hyperinflation scenario into account. In that case I believe the 45X multiplyer might hold for food, energy and, in my case beer.
In beauanderos' case.. pie would be the preferred unit of trade at $90 a round.
Forget about dollars. The silver to pie ratio is what Ray has his eye on, hence the Ag hoarding behavior he exibits
If I have the gift of prophesy, and know all mysteries and all knowledge, and if I have all faith, so as to move mountains but do not have love I am nothing. And if I give all my possessions to feed the poor, and if I surrender my body to be burned but do not have love it profits me nothing.