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Sri Lanka buying gold 'to diversify reserves'
google news ^
| 11/7/09
| Mel Gunasekera
Posted on 11/09/2009 8:53:48 PM PST by dollarbull
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Even Sri Lanka is dumping the dollar to buy gold. Got gold?
"gold is money. everything else is credit." - JP Morgan
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation" - Alan Greenspan
"Why are goldbugs so bad at math?" - an unnamed Freeper (anyone know who?)
To: dollarbull; Toddsterpatriot
"Why are goldbugs so bad at math?" - an unnamed Freeper (anyone know who?)Toddsterpatriot?
2
posted on
11/09/2009 8:57:41 PM PST
by
null and void
(We are now in day 292 of our national holiday from reality. - 0bama really isn't one of US.)
To: null and void
To: dollarbull
4
posted on
11/09/2009 8:59:54 PM PST
by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
To: null and void
Used to be his tagline:
by Toddsterpatriot (Why are protectionists, FairTaxers and goldbugs so bad at math?)
5
posted on
11/09/2009 9:00:37 PM PST
by
null and void
(We are now in day 292 of our national holiday from reality. - 0bama really isn't one of US.)
To: null and void
6
posted on
11/09/2009 9:02:27 PM PST
by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
To: null and void
how about “why are bankster apologists and paperbugs so bad at math?”
if something plays out the same way 100x throughout history, it’s a pretty sure bet it will be the same the 101st time.
To: Toddsterpatriot
What’s the best performing asset class over the last 1, 5, 10 years?
To: dollarbull
9
posted on
11/09/2009 9:07:40 PM PST
by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
To: dollarbull
*shrug* Good at math, bad at history?
10
posted on
11/09/2009 9:08:03 PM PST
by
null and void
(We are now in day 292 of our national holiday from reality. - 0bama really isn't one of US.)
To: null and void
How many countries went off the gold standard? How many went back on?
11
posted on
11/09/2009 9:09:07 PM PST
by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
To: Toddsterpatriot
If gold is so useless, why are all the central banks and especially China, buying so much of it?
12
posted on
11/09/2009 9:29:39 PM PST
by
ikka
(Brother, you asked for it!)
To: ikka
I bought 1/2 oz of gold today in 1/10 oz coins, 25 Silver Eagles, $10 face value of Mercury dimes, and $10 face value of Standing Liberty quarters. Probably spent too much, but I had to do it.
13
posted on
11/09/2009 11:00:16 PM PST
by
perchprism
(To those about to revolt, we salute you.)
To: ikka
How much did the central banks buy? If gold is so great, why would anyone sell it to those central banks?
14
posted on
11/10/2009 5:56:41 AM PST
by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
To: Toddsterpatriot
How much did the central banks buy? If gold is so great, why would anyone sell it to those central banks?
wow, you must really be out of arguments at this point. How are you doing against gold, in 1, 5, 10 year time periods?
To: dollarbull
Mentioning there are two sides to every trade means I’m out of arguments? LOL!
16
posted on
11/10/2009 7:00:45 AM PST
by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
To: Toddsterpatriot
How are you doing against gold, in 1, 5, 10 year time periods?
You’ve avoided this question a few times now
To: Toddsterpatriot
How many went back on? For the most part, countries that debased their currency eventually ceased to exist. So in that sense...
Arguably, France when back to a gold standard when Napoleon took over. It wasn't The French Republic anymore, but.
The UK returned to the gold standard in 1821 and again in 1925.
France again in 1928.
The problem is that being able to print all the money in the world is addictive:
Very addictive. Like all addictions it eventually destroys any addict without the will to go clean.
18
posted on
11/10/2009 8:03:15 AM PST
by
null and void
(We are now in day 292 of our national holiday from reality. - 0bama really isn't one of US.)
To: dollarbull
How are you doing against gold, in 1, 5, 10 year time periods? I'm doing fine. I'm also doing fine over the 6 month and 20 year time frames.
You don't think that gold is a good buy based on Central Banks purchases, do you?
19
posted on
11/10/2009 11:02:52 AM PST
by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
To: null and void
For the most part, countries that debased their currency eventually ceased to exist. For the most part? Eventually? You have any examples in the last 100 years? When a country ceases to exist, do they need to have a gold standard to exist again?
20
posted on
11/10/2009 11:05:51 AM PST
by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
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