Posted on 05/02/2014 3:19:06 PM PDT by Kaslin
You can’t eat gold.
correct
How about we just stop there.
OK out with it, what is your heartburn with this guy...
Today’s economy is a video game played by the people who wrote it, and know all the back doors. Anyone playing who isn’t one of them is part of their entertainment.
If you know there’s a fix, trash the fix and sweep the table.
George Soros knows how to do that, economically. Much to our chagrin, politically.
if the gold price is fixed, how come it goes up and down so much?
lol! OK, I apologize for slipping off the issues, but my immune system always makes me break out in hives whenever PCR's name comes up. Seriously, what we're talking about here is how the price of gold soared to a peak, and now is falling back--
--just like it did three decades ago. The idea that gold's price is supposed to not go back to $500 this time is unrealistic, and to blame the return to normal on some kind of conspiracy is right out of tin-foil land.
You bet.
Fact is, in real bad times, ya couldn’t swap a chunk of gold for a ham sandwich or a gallon of fuel.
The fix in gold has only one reason. Fort Knox and the New York Fed. has NO GOLD. If it ever came out that the fat lady has sung the show would be over and the curtain would come down. The market right now reminds me of a ship sinking as the band plays “ Nearer to thy O Lord”
The markets are fixed...until it’s you, the shoe repair man, the moonshine distiller, the cattle rancher, and the farmer.
Are you going to trade a beef cow for shoe repair? (No)
Are you going to trade two heads of lettuce for one head of cattle? (No)
Are you going to trade a quart of your best moonshine for a shoe repair? (Maybe)
The point being there will ALWAY be a place for currency of some sort.
Native Americans sometimes used sea shells....was there counterfeits created...no doubt, but the had to go collect those shells => hence, they added value!
I did find a recipe for golden cake.
One of my concerns with gold is just that.
In a time of crisis why would people swap anything for a piece of gold? Since they’re not used to it being “money”, why would they suddenly swap something of real value to them for something they wouldn’t know how to use?
And if its market or inflation ups and downs that a person is trying to protect himself against, then these same people have to admit that gold also goes up and down.
Don’t forget, Peter Schiff is the “best-respected voice” [snort] who said gold will hit $5000/oz. Although in fairness, I think his time-frame hasn’t elapsed.
Is that supposed to be inflation adjusted dollars? Gold was certainly not $500 and ounce in the 19th century. More like $20 an ounce.
People always need a medium of exchange. When fiat money is no good, historically people have used gold and silver. My real problem with gold is it’s worth too much for everyday transactions. How is a pile of gold Eagles going to help you buy a chicken off your neighbor? A silver quarter would be more practical. I suggest stocking a pile of old quarters and dimes, along with your actual survival supplies.
Yes. 2009 dollars.
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