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The End Of Plan A: The Big Reset & $8000 Gold
Zero Hedge ^ | 2-1-2016 | Tyler Durden

Posted on 02/01/2016 3:14:38 PM PST by blam

click here to read article


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To: blam

I know! I think he was using Tec-9’s with lasers!

<8{o


41 posted on 02/01/2016 5:58:26 PM PST by SaveFerris (Be a blessing to a stranger today for some have entertained angels unaware)
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To: bkopto
Ho Hum. Another "gold to the moon" article.

I encourage you to take seriously the central bankers, as they are the ones who own the printing presses that can only impoverish you.

link

"The conclusion that deflation is always reversible under a fiat money system follows from basic economic reasoning. A little parable may prove useful: Today an ounce of gold sells for $300 [ed note: this was 2002], more or less. Now suppose that a modern alchemist solves his subject's oldest problem by finding a way to produce unlimited amounts of new gold at essentially no cost. Moreover, his invention is widely publicized and scientifically verified, and he announces his intention to begin massive production of gold within days. What would happen to the price of gold? Presumably, the potentially unlimited supply of cheap gold would cause the market price of gold to plummet. Indeed, if the market for gold is to any degree efficient, the price of gold would collapse immediately after the announcement of the invention, before the alchemist had produced and marketed a single ounce of yellow metal.

What has this got to do with monetary policy? Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation."

42 posted on 02/01/2016 6:06:58 PM PST by Gunslingr3
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To: blam
This is sort of gold bug porno. Gold went to $1900. That was awesome. It's been unable to get close to that since.

$8000 gold in the era of $40 a barrel oil seems unlikely.

43 posted on 02/01/2016 7:40:10 PM PST by Jack Black ( "Disarmament of a targeted group is one of the surest early warning signs of future genocide")
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To: blam
This is sort of gold bug porno. Gold went to $1900. That was awesome. It's been unable to get close to that since.

$8000 gold in the era of $40 a barrel oil seems unlikely.

44 posted on 02/01/2016 7:40:16 PM PST by Jack Black ( "Disarmament of a targeted group is one of the surest early warning signs of future genocide")
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To: MeganC

Back in the 1930’s people trusted the government, they (including Republicans) felt if president Roosevelt believed that by turning in their gold it would help the country get going again, then by golly it is their patriotic duty as Americans to turn it over.

Very few people (not even Liberals) would feel the same way today if Hillary or Bernie gave such an order. Unless Gold went to $10,000+ an ounce, it would cost more trying to track everybody’s gold down that it wouldn’t be worth it.

Plus, today there is a much bigger, more tempting target for the government to go after that FDR only wishes he had. 401Ks


45 posted on 02/01/2016 8:34:58 PM PST by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
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To: MeganC

I buy Morgan Silver Dollars 1922 uncirculated.

Gave those out to my friends and family as Christmas Gifts.

Always keep one in my pocket as a good luck charm.


46 posted on 02/01/2016 9:23:32 PM PST by topspinr
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To: lucky american

Imagine how fragile a cashless society is. Knock out the data transfer and all trading stops. No food, fuel nothing.


47 posted on 02/01/2016 11:07:34 PM PST by MCF (If my home can't be my Castle, then it will be my Alamo.)
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To: Gunslingr3

Don’t get me wrong - I own some physical gold as insurance,and I despise central banking. It’s just that I tire of the voices prodding me to buy more and more, like that dope Eric King at KWN, are tiresome with their preditions. One day gold will be that bridge to a new monetary system, but the gold permabulls at ZH and KWN ought to tone it down.


48 posted on 02/02/2016 1:27:54 AM PST by bkopto
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To: Jack Black
It's one mans prediction. The only reason the article was posted is because $8,000 gold is so unlikely.

These sorts of predictions are an indicator that something undesireable is about to happen.

All is not well.

49 posted on 02/02/2016 6:02:50 AM PST by blam (Jeff Sessions For President)
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To: wny
It’s not gold that will be revalued...it’s the dollar. Gold hasn’t changed in thousands of years. Every paper currency in history has eventually reached its intrinsic value of zero.

Exactly.

50 posted on 02/02/2016 7:59:05 AM PST by redhead (NO GROUND TO THE DEVIL! Remember BENGHAZI! Use WEAPONIZED PRAYER. NOW.)
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To: DesertRhino
The gold can be saved until the drama ends and then converted into the new currency.

That has been my thinking for the last decade.

Unfortunately, the thieves who run the financial world seem to have anticipated that.

I think that is precisely why you are suddenly seeing stories about 'outlawing cash.'

Can't have the little people thinking they don't have to bow the knee like the rest.

51 posted on 02/02/2016 5:23:51 PM PST by JOAT
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To: MeganC

You bought 20oz of copper?


52 posted on 02/03/2016 10:51:42 AM PST by houeto (https://secure.freerepublic.com/donate/)
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To: houeto

Yes. If a currency actually flops then copper becomes valuable for exchange just like it used to be.

Back in 1797 a US penny was one ounce of copper.


53 posted on 02/03/2016 2:22:40 PM PST by MeganC (The Republic of The United States of America: 7/4/1776 to 6/26/2015 R.I.P.)
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To: MeganC

What did that cost you if I may ask?


54 posted on 02/03/2016 7:38:09 PM PST by houeto (https://secure.freerepublic.com/donate/)
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To: houeto

The copper was about $1 per ounce and the silver was a bit less than $18 an ounce.

This is the place I order from and you can check it to see their current prices.

http://www.providentmetals.com/


55 posted on 02/04/2016 8:16:21 AM PST by MeganC (The Republic of The United States of America: 7/4/1776 to 6/26/2015 R.I.P.)
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To: MeganC

Thanks.


56 posted on 02/04/2016 11:51:21 AM PST by houeto (https://secure.freerepublic.com/donate/)
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To: ctdonath2

I enjoyed a nice laugh at this. Learn some economics.


57 posted on 02/09/2016 5:46:42 AM PST by aNYCguy
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