09-18-2010, 04:32 AM
9.17.2010
I was sitting in a car. An old friend from high school got in the car. He was alarmed. He knew I purchased silver. He said something like "they said silver will be $3 an ounce". I didn't know what he meant at first, then I asked if he meant that silver futures prices had declined to $3. He said that was what he meant and asked what would it mean if that happened?. I said that the economy will have entered a period of unprecedented deflation. That we were in another great depression. I told him to keep what he had and buy more, that it would go back up.
I was sitting in a car. An old friend from high school got in the car. He was alarmed. He knew I purchased silver. He said something like "they said silver will be $3 an ounce". I didn't know what he meant at first, then I asked if he meant that silver futures prices had declined to $3. He said that was what he meant and asked what would it mean if that happened?. I said that the economy will have entered a period of unprecedented deflation. That we were in another great depression. I told him to keep what he had and buy more, that it would go back up.