Topic: The price of gas is still 20 cents, in 90% silver dimes. (Read 7267 times)

It's not illegal to melt silver coins in the US, hasn't been since a brief ban in the late 60's. Many refiners melt silver coins. There is currently a melt and export ban only on pennies and nickels (specifically exempting silver war nickels) which began in late 2006.
http://www.usmint.gov/pressroom/?action=press_release&ID=724.

If that's all that you could understand from my responses, then I would guess that I can't answer it for you.


I'm a libertarian, not an anarchist.  Try and understand the differences in the ideologies before displaying your ignorance.  Corporations are a creation of the state, and thus the state has the right to regulate them.  I'm opposed to regulations without basis or merit, which just happens to be the majority of them in our modern world.  That said, not all companies are corporations.  Corporations exist for the purpose of limitation of liability, which wouldn't even be allowed in a true free market economy.  Private companies that do not seek to limit their liabilities by hiding behind the skirt of mama state should not have to deal with the false regulations imposed by that same state.


Yeah, I don't think you're going to make it.

So you've still got no answer to the question, just a whole lot of reasons why you can't answer it.  Corporations are too dishonest (highly ironic, given that want you deregulate them to full power over the world), financials are too hard for you to understand, lots of baseless claims... but no actual answer to why corporations are not buying up gold like it's going out of style.

I didn't say that they lied.  Don't try and put words in my mouth.  I said that their financial statements don't reflect the reality.  A lie implies the intent to deceive, which I don't believe that most corporate auditors participate in.  They simply don't know all the details themselves, because those individuals within the corporation that oversee those datasets have many incentives (personal, professional and political) to not share them.  The financial statements often don't reflect reality, in part, because you believe that you can interpret them.  But you can't, and neither can I.  No one really can, outside of the insiders who helped to create them.  They exist to blow sunshine up the skirts of regulators and mutual fund managers alike, and they work very well at this.  The only detail of any value that I've ever been able to grok from any of those statements is, whenever those things are all sunshine and happiness, it's often because the dark clouds are so dark that even the insiders don't have a viable avoidance stragedy and are afraid to put it into ink for fear of making it too real.  I exited from a strong position in GE common stock, based mostly on the overly optimistic annual report, the Thursday prior to a rumor about the sale of GE core manufacturing plants (such as Louisville Appliance Park) sent the stock price from over $30 to $12 over the following several weeks around May of 2008.  That one annual report saved me quite a tidy sum.  It's what those financial statements don't say that is the most valuable.



Holding futures contracts with absolutely no intent of taking delivery != holding physical oil.  That type of activity is used for hedging and doesn't have a goddamn thing to do with what you were talking about.  Keep trying to rationalize it though, if you travel down enough irrelevant roads you might be able to salavage your grossly incorrect original statement.