Posted on 11/13/2014 8:32:33 AM PST by Rusty0604
And as gold continues to slide, paranoid nonsense like “more price suppression by the West” when allegedly higher physical demand should result in a higher price will continue to appear in ZeroHedge. In a way I’m glad it hasn’t been banned as a source on FR, because it is self-lampooning.
Would you be happier if he melted them down and sold the gold as new bars without the ISIS stamp?
I think most people understood that there wasn’t enough gold to cover every single note in the country. It did give governments a hell of an incentive to stay honest, fiscally responsible and prudent in order to avoid a run on the bank. Under the gold standard, the value of money could not be manipulated for short term gain, and inflation could only happen within fixed parameters. A pound in 1914 was worth more or less the same as it was in 1814. Nowadays, inflation is constant, and we talk of the inflation RATE like its the most normal thing in the world to have a rate where the only variable is how fast money is being inflated, rather than whether it is at all.
Back in the '70's, a friend tried to get me to invest in gold at 200 something an ounce ...
too much, I said back then.
“MONEY” by definition must be produced.....Hell!... a blank ream of paper....a cigarette or crack cocaine has more value then fancy inked paper....unless you're buying it for the artistic value...lol
Darn.
The most evil bastards on the planet and they have real money.
And we don’t.
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