Posted on 12/15/2009 7:13:40 AM PST by FromLori
Cue the “can’t eat gold” crowd.....
ping
Like he said about the bankers and obama lol jokes on the public...
http://www.opensecrets.org/orgs/list.php?order=A
http://www.opensecrets.org/news/2009/07/jpmorgan-ceo-jamie-dimon-donat.html
http://www.businessinsider.com/goldman-sachs-changes-its-status-to-financial-holding-company-2009-8
barack-obama-expands-goldman-sachs-power.html
http://www.ritholtz.com/blog/2009/03/backdoor-bailouts-for-goldman-sachs/
http://www.noquarterusa.net/blog/2009/07/02/will-cap-and-trade-be-the-next-bubble/
http://www.salon.com/opinion/greenwald/2009/04/04/summers/
http://www.economicpolicyjournal.com/2009/07/president-obamas-favorite-banker.html
http://www.nytimes.com/2009/07/19/business/19dimon.html
http://www.americanthinker.com/2009/07/will_dems_allow_goldman_to_man.html
Hold on - I am listening to the 39th “Buy Gold” commercial on TV/radio that I have heard this morning. Has gold been on the cover of Newsweek yet?
I’ll buy GM stock instead.
Yeah BUT when the excerment makes physical contact with the rotating air handling device and folks are hauling wheelbarrow filled with FRAUDS (Federal Reserve Accounting Unit Denominators) to the store to buy a gallon of milk BEFORE it takes TWO loads to buy it, folks with precious metals will be happy they have the stuff.
And, while I fully understand “shorthand” represented by expressing metals in terms of FRAUDS, it’s precisely BACKWARDS!
· I point out again that when we hear that gold (or silver) is so much an ounce, we are being given a ratio almost always the case with the media friends of paper money precisely opposite of how it SHOULD be expressed.
At the moment, gold is NOT, for example, $1,100. an ounce, rather, the dollar has been reduced to a value of 1/1,100th of an ounce of gold. If the dollar is inflated to 1/6,300th of an ounce of gold, folks would get a more meaningful picture of what the politicians and the Fed have done to the currency.
Another interesting stat is that before the vote-buying politicians and masters of the universe at the Fed pulled us off a precious metals standard back in the day, the dollar was equal to 1/35th of an ounce of gold. And it has been calculated that the dollar of today is equivalent to 1 cent when measured against the dollar of 1913 or so.
Sadly, it will ever be thus and it seems we must relearn those painful lessons every few generations.
In case some of you hadnt noticed, class is now in session.
I actually didn’t post that to promote gold I’m not a gold bug I only own coins I purchased through the years. I posted it to show how the news about housing, etc. has been wrong and about how obama is bought and paid for by the bankers.
The Swiss are wise.
They have an old adage about Gold that goes something like this...
“Always keep some on hand and hope you never have to use it.”
gold bubble
My family laughed at me when I bought gold at $391 per ounce. They aren’t laughing anymore. One of them called me the other night to ask how they could invest in gold themselves. LOL
AMMO... AND SUCH.
Yep.
Au And Ag are STORES OF VALUE against the fiscal insanity of politicans run amok.
There are already a number of merchants who will accept junk silver in lieu of dollars for services rendered, including the EyeGuy clinic.
I don't consider it an investment....it's insurance....a policy that has benefitted its possessor well, for thousands of years.
I get my gold the old fashion way; by sluice box and pan.
Agree that is why I have coins I have been collecting them for years for that very reason.
Ditto, Lori. Gold bubble? I think not. The inflation adjusted price per ounce is $1800. We’re not there. Yet.
Seriously do you go panning for gold? I always wanted to do that it is something I plan on doing after my husband retires next year I was watching people do it on the travel channel.
“A man can never have too much red wine, too many books, or too much ammunition.”-Rudyard Kipling
my motto ,too .
A key observation.
It's an inescapable conclusion that the dollar absolutely must:
a. devalue severely or
b. be replaced altogether.
There is no way around a. and/or b.
I don't see anyone making a coherent argument to the contrary, but if they were, they'd be making the argument that the dollar will defy it's very history by suddenly not declining at a time when the supply of dollars is being increased at an unprecedented rate.
To deny that the dollar will devalue is to deny arithmatic and history.
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