Posted on 11/29/2014 2:43:52 PM PST by ckilmer
Remember the parable of King Midas.
I’ll stay simple and grow food.... That’s the true gold.
It would be like selling your silverware to buy new dinnerware.
Precious metals are an excellent investment... Brass & Lead.. with a little gunpowder!
I think our economy is basically being held up by our future energy potential already.
Our current national debt is (I believe) close to the aggregate value of our proven reserves, if you count fracking shale plays.
Why would you sell it now, when oil prices are already in the toilet?
Most people don’t realize that the only way our country can survive is to not survive... Meaning to collapse, default on the national debt and form a new government without all the freebie handouts.
I think our economy is basically being held up by our future energy potential already.
............
agree. Its been rising oil production that has steadied the US economy for the last four years.
Remember the parable of King Midas.
I’ll stay simple and grow food.... That’s the true gold.
................
I don’t disagree. I just don’t quite know what the relationship is between your point and what I posted.
I don’t think it wise to sell now. Rather do the selling in a year or two. However, the long term direction of oil is now down.
I don’t think it wise to sell now. Rather do the selling in a year or two. However, the long term direction of oil is now down.
Because there has probably been as much fraud by the feral government with the oil reserves as there has been with the gold allegedly held by the Federal Reserve.
I guess the 47 percenters will find themselves in a bunch of trouble.
Most people don’t realize that the only way our country can survive is to not survive... Meaning to collapse, default on the national debt and form a new government without all the freebie handouts.
...............
The USA is going to enjoy a massive surge of wealth in the next couple decades. Debts will shrink to a smaller portion of the economy.
Ping.
Maybe better to wait until BHO is gone. If there is any new influx of money now, BHO will find a way to steal it for his progressive cronies.
With Russia threatening global nuclear war again, now is not the time to be getting rid of the stockpile.
As if any gold would actually make it into Ft. Knox.
Oil has bottomed out. Not the time to sell. Besides, we need it. Never ever sell off what we might need come the next World War.
Because there has probably been as much fraud by the feral government with the oil reserves as there has been with the gold allegedly held by the Federal Reserve.
.................
I’m assuming that the oil reserves are actually there. I could be wrong. If I’m already wrong and the feds don’t have gold in ft knox then we really are in deep do do. And the need for gold is much higher.
Maybe better to wait until BHO is gone. If there is any new influx of money now, BHO will find a way to steal it for his progressive cronies.
..............
Now you might be right about that. Any legislation mandating the sale of oil would have to specify precisely that the money would have to be used to buy gold.
The dollar will go to the moon.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.