@IBorlaw problem is, your deal is a bad deal, i can trade paper money for MANY MORE OZ of silver than your con job 1 oz. Give me 1 oz of silver for every 10 buck, then i a will trade with you. Right now, i get better silver for paper deal else where.
WHEN THIS VIDEO WAS MADE...GOLD @$670.00 PER OUNCE?! GOLD'S NOW EXCEEDING $1,530.00 PER OUNCE. SILVER IS NOW HOVERING AROUND $37.00 PER OUNCE...I'D SAY JONES IS RIGHT!!!!!
Paper money has value because people Accept it - believing it has value.
Gold and Silver..... Suffer the SAME thing. If people don't Believe they have value, they have none.
Both ways, it is up to the people to decide if they are worth use, and when people are starving, they don't care if it's shiny nearly so much as .. whether or not they can eat it. ;)
i would be buying SWISS FRANCS if not gold or silver as the swiss franc is 20% backed by gold, it used to be 40%, so the swiss franc is actually to some extent backed by gold, wonder what % the $US is backed by gold? 1% probably not even that
@Video, it would of been nice if you actually told us where we could trade our currency for real money..
Out of all of the videos on gold and silver I have watch, not one person has ever gave any suggestions on where you can actually purchase gold or silver at. Not one. And I must say it is freaking frustrating. (there have been a few that mentioned ebay) but I'd rather go brick and mortar if available.
I've bought from the first three with no problems. I've yet to order from Scottsdale Silver, but the guy who runs it is a member of an invitation-only precious metals forum that I belong to. The cheapest is Westminster, the best varity is APMEX, and the coolest, old-pour style silver bars are from Monarch. Good luck!
Never get tired of this video. Wish he'd do a follow-up. I have really gotten a great deal of encouragement from this one.
The main reasons gold and silver are real money are durability, divisibility and rarity. Paper money has none of these characteristics, plus it relies on the continued existence of the nation-state that issues it. Gold and silver money of any nation past or present has value.
Yes you can use anything for money, but it will only retain value relative to scarcity.
Well technically, money is anything used for an exchange of goods, so if you and the person you are trading with both accept paper money, or really anything, then it works out, but yeah, it is probably better to have metal
good advice, but what if they make it illegal to own? seems the better investment is buying things to barter with...like food, supplies, etc....the dumbed down public believes paper is money, and it probably wont change
Time is running out people! Learn about real money and you will learn a lot about the 'real world' and not the loan paper money celebrity wanna be world!
Gold is a stable investment that rises in value when times are turbulent. But listening to talk radio ads, you'd think it was the fastest way to obscene riches. Every host has their own degree of enthusiasm when it comes to their pitch, with most tending toward hoping society collapses so their coins will earn them more squirrel meat in the post-apocalyptic farmer's market.
Gold and silver transcends all boundaries, races and religions. Although a muslim or an athiest might hate your guts! He will trade for your gold and silver. Dont be fooled by disinformation . THIS IS MONEY WORLD WIDE, ALWAYS HAS, ALWAYS WILL. Trade paper for the real bling. YOU WILL BE SOOOOO GLAD YOU DID!!! GOD BLESS AMERICA
All of that stuff is money. Those US Dollars are money because the US government creates an artificial demand via taxes and legal tender laws. However, precious metals are the best known form of money. Still, I'm sure you won't toss that $100 Bill out the window.
Money is ANYTHING that acts as a medium of exchange for goods/services. It could be gold, silver, copper, iron, stone wheels, jade, fiat decree, etc as history has clearly shown. Fiat currencies are obviously bad forms of money created by the state, but still money. If $100 isn't money, then why does every merchant in the world take US dollars for goods/services? Why do people care about the value of gold in US dollars? Why don't you just throw your US dollars in the trash?
Your statement makes me believe watching the video taught you nothing. GOLD IS MONEY. What you're referring to is cash. You still need cash. Sure. But when the U.S. dollar crashes, and it soon will, your gold and silver will go in the OPPOSITE direction. That's because it's REAL money, while the FIAT currency of the U.S. dollar is just paper. For more information, take a look at Zimbabwe's inflation rate: officially 231 million percent!!! you read it right. 231 million percent.
In the January 1980 the gold price was about 850 USD (per ounce), at this moment the gold price is 860 USD.
So gold isn't a good investment all the time. If you buy lots of gold now and wait for 30 years for selling it... What will be the price then..? Nobody knows
God I here this so dam much it makes me sick!! Let me repeat if you would have DOLLAR COST AVERAGE INTO BUYING GOLD for the last 28 years (like the stock brokers get you to do) you would be a fricken millionare in REAL MONEY.
The only place one can PRESERVE THEIR WEALTH is in gold and silver EVERYTHING ELSE OUT THERE (stocks, mutual funds, ETF's TIPS, bonds ) is going to burn.
Check back with me in about 24-36 months and lets compare notes
i recommend people to research the relationship between the price of gold per ounce and the DJIA... very interesting... it shows pretty clearly when you should be in the stock market and when you should be in the precious metals side...
This works well except when silver and gold prices are falling relative to currency. For example, anyone who held gold or silver from 1980 to 2000 was probably not a very happy camper.
If you knew anything youd know that the price of silver and gold for that matter is completely manipulated by futures contracts and bank [positions (theyre looking strong lol).
Think of the poor suckers who think federal reserve note are real money. Did you not listen to what he said??? The same amount of silver 50 years ago will get you the same amount today. The only money the US Constitution recognizes is gold and silver. Read it sometime.
You act if we were in the middle of the depression..we are in the first inning..we have barely started the freakin game..silver is for "longer-term" storage of value..not immediate fluctuations of illusory paper currencies..Paper "appears" stronger than it actually is..the question is how much will it cost in dollars five years from now..which could be limitless
Yeah...and how is your stocks or retirement plan doing??? If u say they are up then your lying. U stick with your useless paper and I will stick to the constitutionally authorized money.
I understand what he is saying about silver and gold as "real money" but that doesn't mean he is going to burn that $100 with no regard. Why? Because it has real value too and he knows it. Why? Because it is accepted World wide as "real money". When he sells his gold and silver, does he ask for "real money" in return? ie: more gold & silver. No, he is expecting more of that "Paper". Even in SHTF you can't eat "real money" any better than you can eat "paper money".
You are very much correct you cant "eat silver or gold"
But what happens is SLV and GLD are recognize around the world as a universal store of value and they can ALWAYS be traded into the local currency or the NEW currency at the best available price.
Maybe you should watch that video again and pay attention to the part 6 minutes in where he talks about paper "money" being a "currency" useful (and mandated by law) for transactions. Its not "real" money because it is not a store of value or backed by any assets. Spend currency, save money. Don't save currency, convert currency into "real" money that will hold its value.
Aight, Ron Paul chill out, your an extremist and that sucks for you.
In response to perspectual, gold and silver have way more of value than fools gold because they weigh more, are used in for industrial uses (electricity and environmental purposes), and have been known as the World monetary standard (malleable, heavy, low melting temp, etc)
Take for instance,if any cataclysm ever happened you would want to have plenty of silver and gold to survive. You could use paper money for the fire to keep warm at least. Look up Blue bloods, they even sell colliodal silver and colliodal gold to this Day ! Used for medicinal properties, to keep this illusion the powers that be made it illegal for anything natural to treat any medical condition. CONTROL
GOLD and SILVER are so saught after from the beggining because of their healing properties. There were many plagues back then, and when they came around people needed gold and silver for medicine "Demand" ='s control. Whoever had the most gold and silver had the most control. Money is an Illusion used for control that simple, now its mutated to paper money which is essentially worthless,
The thought occured to me the last time the US had honest money was 1964. I was not yet born, but it amazes me that once the dollar was backed by solid silver and gold. The gov't has been slowing debasing the dollar ever since. However, I believe silver is extremely undervalued now. A 1964 silver dime would be able to pay the average worker's daily wage pre1900 in most parts of the world. This is true.
True, very true. Paper money is only backed by peoples belief. Precious metals are the only real money. So it would be wise to transfer your paper money into silver and gold as soon as possible.
this may be true, but whats even more true is that things only have as much value as we give them. For example: oil/gas is worth so much because we aren't willing to stretch our fuel option... its a monopoly that has allowed the price of oil/gas to rise.
When this Jones video was done...gold was about $650.00 an ounce. Gold is close to $1,000.00 right now. Now THAT is one hell of an action item...PISS OFF RONPAUL2016. GO BACK TO YOUR CAVE.
"Westabee" thank you for instructing Jones to tell us about real money, Jones thank you explaining how you could and still can trade a Gal of Gas for the 3 little pieces silver(dimes)
The dollar is backed by oil as long as the world can only buy oil with only U.S. dollars we can keep this game up but some of the OPEC countries are starting to push for selling in other currencies. In November 2000 Iraq started selling oil in Euros they are now once again selling in dollars. When the Petrodollar comes to an end we are in for a world of hurt.
And now Iran is doing the same thing and guess what? We are threatening them with military action. We are looking for any reason we can to invade them and prevent them from selling oil in other currencies.
All fiat currencies are backed by more printed money. It can also be backed by industrial/agricultural/resource/labor exports. In the USA, we don't have anything backing it, we don't have a big industrial base(more imports than exports), and the money isn't backed by precious metals.
If you invested $1 in gold 200 years ago guess how much it would be worth today, adj for inflation?
$.98
Unless you are an investor and can an play the ups and downs, but over the long term gold doesn't change.
The reason for a Gold Standard is because it does not fluctuate over time, serving as the bedrock to a solid monetary system.
If you invested $1000 in Treasury bills, you are guaranteed to make $40. Backed by the government, T-Bills will be good as long as there is a US government.
It's not the governments job to control the economy, please read a book, maybe even the constitution. The US Constitution says "only gold and siler shall be legal tender."
Amen... It's not the Governments job to control the economy. People seem to forget the lessons of history. Rome fell due to economic collapse, more recently the Soviet Union collapsed due to economic collapse. Most of us that preach trying to warn others of the coming economic collapse are just wasting our own time. People are ignorant (seems to be on purpose too ) today, God I wish I had been born when The US was truly the greatest country in the world, before the criminals got control.
To further that thought, Life expectancy may have been less at that time but 40 years , 50 years, etc of true freedom and economic security would be much better than we have it today, and I'm afraid of whats coming tomorrow. Living life seeing whats taking place and that people don't care as long as their Iphone works is indeed sickening. People today think they are so smart, and they willingly choose to be ignorant. If no-ones watching the cash drawer, it'll get robed every time.
I just arrived in Berlin, Germany and cashed $50 US into Euros and only got back $28. The Federal Reserve and The US Government are going to be the end of America as it once was. Very Sad!
Many countries have gold reserves, like Taiwan, South Korea, Great Britain, Belgium, Austria, Japan, Switzerland, Canada, U.S.A., etc. Countries do have GOLD RESERVES.
I'm not sure if Ron will say "let Israel burn", however, he may likely say "Israel, you are on your own, and we are not giving you billions every year".
We have all been brainwashed into thinking that printed paper, and data entry is money. During the revolutionary war, and civil war paper money did become worthless. If you were on the confederate side during the Civil War, your paper money became worthless.
The United States Department of the Treasury prints all paper money, etc. The private Federal Reserve bank is the central banking system for America, which regulates and controls the currency of America. WE need power over our money, not private central banks.
Jones performed a good, down home translation of the dollar/gold-silver valuation conflict. Learn it. Live it. Love it. Gold & Silver Rocks. MONEY WITHOUT DEBT OVERHEAD. HYPER MONEY. FOREVER.
good job Mr. Jones. Just think most mines for gold are shifting one tonne of ore to get 2grammes of gold... Gold is now $775 - still cheap when you think of all that earth moving.
GOLD AND SILVER...Super money. The only real, true money. Barbaric relics of the past?...Who gives a shit. Gold & Silver rocks the most when a debt needs to be paid with the highest sincerity. You can bank that.
Wow that's so enlightening, I never thought of that before. Get a grip, where does food come from? People are now in the habit of paying for things that are free, so who's the real knucklehead? Also in the next five to ten years you are going to see the value of gold rise sharply, as the world reserves are sold to the multinational corporations for uses in fuel cell and other technologies, then it will plummet like lead. Look up David Hudson and work it out for yourself.Wageslave.
johninves- To a point, I agree. Small banks are safest. Lees chance of the closed door syndrome during bank runs. Own some gold in bullion. I do. After that..Don't matter so much how the banks screw up. Gold is king cash, baby!
johninves- real estate is a non-portable, weather vulnerable, yearly taxed out the roo-roo source of liability whose market price is currently dropping faster than a lead turkey. Fail to pay the taxes one year?....All that investment is GONE. Go ahead & bleed the equity. Another speedy park bench address coming up.
Very basic knowledge but he neglets to discuss the loss of interest on silver and gold held for over 43 years since you can't put it in a money fund or a savings account.
He neglets to discuss if you took your money 43 years ago and purchased income producing real estate with the returns and the appreciation I would venture to state it would be worth more than silver or gold over the same period of time.
You are right, but i don't think his point was about returns on investment or yields. I think his point was if you want true security in your savings, without hassle, purchase and store gold.
gosh...loss of intrest? r u fricking kidding me? The real after tax, after inflation returns of bank demand deposits is negetive nearly all the time. Gold & silver actually preserve purchasing power without any current taxes due. Comparisons of 100% liquid gold and silver to illiquid real estate are invalid. If real estate has any higher long term real returns thats in part its reward for poor liqudity.
If you are assuming that I am referring to a savings account that pay 2-3% then you are correct but there are other returns on money that offer a valid return.
No one is discussing a regular savings account, that's unheard of except for funds that you need available and liquid at all times.
Thirdreichcollector-Gold and silver remain the most sincere form of payment. Paper currency is designed to fall in valuation over a period of time. Third Reich paper became only useful to burn in the pot belly stove for heat in the winter. Collect all your third reich material. Take it to the bank. They'll most likely charge you for disposal.
i can almost bet this video will have over a million hits a couple of years from now. great work jones. i will be telling my friends about this great information. I hope you don't remove it. This way I can rub it in their faces and say..."I told you so! LOL
problem is he fails to mention what the gold and silver commodities will be worth if gold and silver drop to a dollar an ounce. this is made to appeal to idiots. he does not mention that gold and silver prices move up and down.
The US$ as measured by the US Dollar Index is about to freefall, gold and silver have increased to $763 and $13.70 from $252 and $4.25, respectively, in the last 5-6 years, and you're talking about them falling to $1 per ounce?! You haven't a clue what is going on, or else you're just a lackey/shill/slave of the banksters. If you want to see a true idiot, take a good look in your mirror!
My absolutely favourite video on youtube. The 3 silver dimes illustration is spot on. Jones, if I ever see you down the pub I'll buy you a pint of whatever you're drinking.... but since you're American I doubt I'll meet you at my local.
If that happened I would be buying gold and silver! That's what Warren Buffet and Bill Gates and Steve Forbes did, they're pretty smart guys. Silver is used in everything these days. Plenty of it in the computer you're typing on. Not so much in the U.S. treasury.
Ron Paul wants to put us back on the gold standard. As your video shows, that's the only intelligent way to run a government. Join the revolution, vote Ron Paul.
i just wanna know who in the hell westerby is. lol
artifactman660 2 months ago in playlist artifactman660's favorites
@mtube420
Duh. That was the whole point of my post.
Use your brain.
IBorlaw 3 months ago
If fiat currency is not money, then I will trade you 1 OZ of silver for all your worthless paper.
According to your own words, you would be getting a bargain: an ounce of silver for free!
IBorlaw 6 months ago
@IBorlaw problem is, your deal is a bad deal, i can trade paper money for MANY MORE OZ of silver than your con job 1 oz. Give me 1 oz of silver for every 10 buck, then i a will trade with you. Right now, i get better silver for paper deal else where.
mtube620 3 months ago
WHEN THIS VIDEO WAS MADE...GOLD @$670.00 PER OUNCE?! GOLD'S NOW EXCEEDING $1,530.00 PER OUNCE. SILVER IS NOW HOVERING AROUND $37.00 PER OUNCE...I'D SAY JONES IS RIGHT!!!!!
Tiggerpilot 7 months ago
Except for one thing..
Paper money has value because people Accept it - believing it has value.
Gold and Silver..... Suffer the SAME thing. If people don't Believe they have value, they have none.
Both ways, it is up to the people to decide if they are worth use, and when people are starving, they don't care if it's shiny nearly so much as .. whether or not they can eat it. ;)
eslake 8 months ago
Timeless message. Respect!
drutter 9 months ago
It's a cool introduction. But who is Westabee?
PahaLukki 1 year ago
fucking awesome.
MHI69 1 year ago 3
i love that chinese music in the background.
mtube620 1 year ago
Great video
junkyarddog47 1 year ago
Jones, you got to go talk to the people about the coming explosion in Silver!! "You wanna find you some of this"!! :-)
campeona5 1 year ago 2
Jones - where have you gone? Who is this mystery man?
This is the best video on youtube !
artdeco101010 1 year ago
We need more video presentations like this. Keep 'em coming.
PWYJ 1 year ago
Who is jones? why is he so special he's called jones?
snowpro90 1 year ago
$4.00 increase in 3 years. Manipulated? Uh, yeah.
TadRapidly 1 year ago
Are you selling gold Jones?
I would buy me a farm. Thats something real.
You can eat gold as easy as paper mony.
The modern world can make more food then we can eat, more Tv's and car's we can use.
Its all about not making to mutch.
Then you cant make "money" on it.
And now China has to many factory's. (look it up)
Its all about having the Resources. (check it out!)
VenusFriend 2 years ago
I don't really find gold or silve pleasing to the eye.
jotbath 2 years ago
Awesome video! I've been getting into PM, but found tons of fakes out of China
Here is a video you will like I think!
COUNTERFEIT DETECTION
wnMZiUqi9ss
Enjoy,
SKB COINS
r2hammer 2 years ago
ahh, love that sound of real money, haha, not gonna get that sound out of those damn debased clad slugs, LOL.
jadewindsong 2 years ago
i would be buying SWISS FRANCS if not gold or silver as the swiss franc is 20% backed by gold, it used to be 40%, so the swiss franc is actually to some extent backed by gold, wonder what % the $US is backed by gold? 1% probably not even that
beswick1111 2 years ago
look in the yellow pages under gold
beswick1111 2 years ago
@Video, it would of been nice if you actually told us where we could trade our currency for real money..
Out of all of the videos on gold and silver I have watch, not one person has ever gave any suggestions on where you can actually purchase gold or silver at. Not one. And I must say it is freaking frustrating. (there have been a few that mentioned ebay) but I'd rather go brick and mortar if available.
MRSketch09 2 years ago
NWT mint, KITCO are just a couple of good places you can buy silver or gold.
DaleElder11 2 years ago
@DaleElder11
Thanks.
MRSketch09 2 years ago
APMEX, Monarch Precious Metals, Westminster Mint, Scottsdale Silver. Google them.
ChrisGilliam39 2 years ago 3
@ChrisGilliam39, so you have bought from these places with no problem?
See that's the big thing for me. If I buy from a place I want to make sure its trustworthy.
MRSketch09 2 years ago
I've bought from the first three with no problems. I've yet to order from Scottsdale Silver, but the guy who runs it is a member of an invitation-only precious metals forum that I belong to. The cheapest is Westminster, the best varity is APMEX, and the coolest, old-pour style silver bars are from Monarch. Good luck!
ChrisGilliam39 2 years ago 2
@ChrisGilliam39
Thanks a bunch!
MRSketch09 2 years ago
any local coin shop will be happy to sell you some gold and silver eagles.
artdeco101010 2 years ago
I'd rather buy online do to better deals. (Even after shipping and handling)
And unfortunately, I am only in a position right now to buy silver. Even a small amount of gold is just way out of my budget range.
Thanks for the advice though.
MRSketch09 2 years ago
Everytime gold and silver takes a hammering, I just watch this video to remind me what "REAL" money is...
And the music in the background, it's like you are in some Chinese Royal Court..
jeson86 2 years ago 2
this one man has spoke the honest turth. obama please see this video before you destroy our nation.
Rico8458 2 years ago 2
Never get tired of this video. Wish he'd do a follow-up. I have really gotten a great deal of encouragement from this one.
The main reasons gold and silver are real money are durability, divisibility and rarity. Paper money has none of these characteristics, plus it relies on the continued existence of the nation-state that issues it. Gold and silver money of any nation past or present has value.
Yes you can use anything for money, but it will only retain value relative to scarcity.
WhitePantry 2 years ago 4
Good Point! There's certaintly no scarcity in paper and ink!
buzzz1213 2 years ago
Well technically, money is anything used for an exchange of goods, so if you and the person you are trading with both accept paper money, or really anything, then it works out, but yeah, it is probably better to have metal
possumspwn 2 years ago
Comment removed
artifactman660 2 years ago
Comment removed
artifactman660 2 years ago
This video never gets old,
One of the classics on youtube in this field.
I love it every time!
FreedomAct10 2 years ago 2
amen brother
The truth stands on its on!!
stormrider4040 2 years ago
buy silver & gold.. buy all you can... convert your savings to gold/silver
if possible convert a part of your 401K
then sit back and watch it grow
cds162 2 years ago
good advice, but what if they make it illegal to own? seems the better investment is buying things to barter with...like food, supplies, etc....the dumbed down public believes paper is money, and it probably wont change
teemu1381 2 years ago
Time is running out people! Learn about real money and you will learn a lot about the 'real world' and not the loan paper money celebrity wanna be world!
campeona5 2 years ago 3
Gold is a stable investment that rises in value when times are turbulent. But listening to talk radio ads, you'd think it was the fastest way to obscene riches. Every host has their own degree of enthusiasm when it comes to their pitch, with most tending toward hoping society collapses so their coins will earn them more squirrel meat in the post-apocalyptic farmer's market.
onehundreddollars 2 years ago 2
Buy Gold
icollectstuffdude 2 years ago 3
Quite possibly my favorite all time youtube video on the subject.
genupe9 2 years ago 31
@genupe9 Absolutely and I think Ive seem them all
DaleElder11 1 year ago
this post help change my life over a year ago
SilverWealth23 2 years ago 6
Sounds like the truth to me.
KeTwoShoes 2 years ago 3
let's spread the word people :) let's keep saving our wealth with real, honest money
Cinemaguy2007 2 years ago 6
The best part was when he said "383 tons flew to Baghdad"--- and he laughed while he said it.
frost122585 2 years ago 5
Won't be long before this finds its way as the only stable wealth control in the western world. Get on it. While you can.
matthackett83 3 years ago 3
Better get it while you can..........
Time is short
stormrider4040 3 years ago 2
Gold and silver transcends all boundaries, races and religions. Although a muslim or an athiest might hate your guts! He will trade for your gold and silver. Dont be fooled by disinformation . THIS IS MONEY WORLD WIDE, ALWAYS HAS, ALWAYS WILL. Trade paper for the real bling. YOU WILL BE SOOOOO GLAD YOU DID!!! GOD BLESS AMERICA
skudlick 3 years ago 2
The note is not money, it is "faith in credit". Do you have faith in the US gov?
scrunchiiface 3 years ago 5
All of that stuff is money. Those US Dollars are money because the US government creates an artificial demand via taxes and legal tender laws. However, precious metals are the best known form of money. Still, I'm sure you won't toss that $100 Bill out the window.
siggyboss 3 years ago
In the past Fiat money has been used as fire kindling during times of depression-PM's last forever;)
jnadreth 3 years ago 14
That $100 is NOT money, it's a debt note. It's ok to say it's currency but it's not money.
By definition a Constitutional Dollar is
Coin = 371.25 grains of pure silver
Coin = 24.75 grains of pure gold
Look around for Silver and Gold certificates they're still around. Although since 1968 they're no longer redeemable for silver/gold.
Look at the bills printed in the early 20th century, on those bills is printed redeemable for silver.
MadScience 3 years ago 3
Money is ANYTHING that acts as a medium of exchange for goods/services. It could be gold, silver, copper, iron, stone wheels, jade, fiat decree, etc as history has clearly shown. Fiat currencies are obviously bad forms of money created by the state, but still money. If $100 isn't money, then why does every merchant in the world take US dollars for goods/services? Why do people care about the value of gold in US dollars? Why don't you just throw your US dollars in the trash?
siggyboss 3 years ago
hmm i have a few gold coins etch, but you still need money
Ganbareg 3 years ago
Your statement makes me believe watching the video taught you nothing. GOLD IS MONEY. What you're referring to is cash. You still need cash. Sure. But when the U.S. dollar crashes, and it soon will, your gold and silver will go in the OPPOSITE direction. That's because it's REAL money, while the FIAT currency of the U.S. dollar is just paper. For more information, take a look at Zimbabwe's inflation rate: officially 231 million percent!!! you read it right. 231 million percent.
JRCrowley 3 years ago 3
This comment has received too many negative votes show
This guy is a douchebag.
FredGSanford2 3 years ago
He's got money. Do you?
JRCrowley 3 years ago 2
YOU CALLED IT JONES!
Stanhope1986 3 years ago 2
In the January 1980 the gold price was about 850 USD (per ounce), at this moment the gold price is 860 USD.
So gold isn't a good investment all the time. If you buy lots of gold now and wait for 30 years for selling it... What will be the price then..? Nobody knows
wouterhelm 3 years ago
ok: but what is dollar worth today compared to 1980?
i think the point preserving purchasing power; which in todays times is good enough for me.
psbyowner 3 years ago
God I here this so dam much it makes me sick!! Let me repeat if you would have DOLLAR COST AVERAGE INTO BUYING GOLD for the last 28 years (like the stock brokers get you to do) you would be a fricken millionare in REAL MONEY.
The only place one can PRESERVE THEIR WEALTH is in gold and silver EVERYTHING ELSE OUT THERE (stocks, mutual funds, ETF's TIPS, bonds ) is going to burn.
Check back with me in about 24-36 months and lets compare notes
stormrider4040 3 years ago 3
check out dow gold ratio, gold is a cyclical investment
Sclorched 3 years ago
Govt. Paid Shill.
Keep your gob shut, Dollar Cost Averaging of Gold and Silver would make you very wealthy by now
TheAkronMovement 3 years ago
i recommend people to research the relationship between the price of gold per ounce and the DJIA... very interesting... it shows pretty clearly when you should be in the stock market and when you should be in the precious metals side...
cowboycarl04 3 years ago
This works well except when silver and gold prices are falling relative to currency. For example, anyone who held gold or silver from 1980 to 2000 was probably not a very happy camper.
wheateater 3 years ago
yes...and now is the right time
Vog71
vog71 3 years ago
Silver is now under 10 bucks. I guess it was not the right time after all.
wheateater 3 years ago
If you knew anything youd know that the price of silver and gold for that matter is completely manipulated by futures contracts and bank [positions (theyre looking strong lol).
panam77 3 years ago
Yes, I know. Are you a member of GoldisMoney? You should join and come talk about this with us.
wheateater 3 years ago
Look at the price of metals today........versus when this video was first presented.
where you think those prices will be 12 months from today and the reasons that he spoke about are still there or stronger??
Think about it.
stormrider4040 3 years ago
Silver is at 16.40. That is well below where it was in 1980 and gold is flat. Think of the poor suckers who bought silver a few months ago at 21.50.
ProductPlacer 3 years ago
Think of the poor suckers who think federal reserve note are real money. Did you not listen to what he said??? The same amount of silver 50 years ago will get you the same amount today. The only money the US Constitution recognizes is gold and silver. Read it sometime.
budbjr2 3 years ago 3
And how much is silver worth now?
wheateater 3 years ago
Its still worth enuff to get u the same amount of gas as it did 2 months ago. Clueless...........
budbjr2 3 years ago
I have 1000 ounces of silver I will sell you for $16.50 per ounce and that will buy you the same amount of gas as 2 months ago. Interested?
wheateater 3 years ago
You act if we were in the middle of the depression..we are in the first inning..we have barely started the freakin game..silver is for "longer-term" storage of value..not immediate fluctuations of illusory paper currencies..Paper "appears" stronger than it actually is..the question is how much will it cost in dollars five years from now..which could be limitless
gladiator1010 3 years ago
Think again.
wheateater 3 years ago
Yeah...and how is your stocks or retirement plan doing??? If u say they are up then your lying. U stick with your useless paper and I will stick to the constitutionally authorized money.
budbjr2 3 years ago
A heck of a lot better than my silver.
wheateater 3 years ago
Wait till christmas..it's gonna be bad
gladiator1010 3 years ago
People will freak and buy silver by the boat-load...but there are only a couple available
gladiator1010 3 years ago 3
Not looking good.
wheateater 3 years ago
You cannot buy Chinese Yuans, it isn't traded in the international currency exchange.
He101A 3 years ago
I understand what he is saying about silver and gold as "real money" but that doesn't mean he is going to burn that $100 with no regard. Why? Because it has real value too and he knows it. Why? Because it is accepted World wide as "real money". When he sells his gold and silver, does he ask for "real money" in return? ie: more gold & silver. No, he is expecting more of that "Paper". Even in SHTF you can't eat "real money" any better than you can eat "paper money".
Arrow1488 3 years ago
You are very much correct you cant "eat silver or gold"
But what happens is SLV and GLD are recognize around the world as a universal store of value and they can ALWAYS be traded into the local currency or the NEW currency at the best available price.
It has been a store of vaule and always will be
stormrider4040 3 years ago
stormrider, SLV and GLD are both frauds.
You must have that coin in hand.
Liozeris 3 years ago
Maybe you should watch that video again and pay attention to the part 6 minutes in where he talks about paper "money" being a "currency" useful (and mandated by law) for transactions. Its not "real" money because it is not a store of value or backed by any assets. Spend currency, save money. Don't save currency, convert currency into "real" money that will hold its value.
jbm0745 3 years ago
very good
ytrfd 3 years ago
what song is playing in the background? Sounds like a tibetan song...huh??
rigsreco 3 years ago
what's wrong with that??
rofsjan 3 years ago
Aight, Ron Paul chill out, your an extremist and that sucks for you.
In response to perspectual, gold and silver have way more of value than fools gold because they weigh more, are used in for industrial uses (electricity and environmental purposes), and have been known as the World monetary standard (malleable, heavy, low melting temp, etc)
GOLD AND SILVER are real money
Jman9107 3 years ago
Take for instance,if any cataclysm ever happened you would want to have plenty of silver and gold to survive. You could use paper money for the fire to keep warm at least. Look up Blue bloods, they even sell colliodal silver and colliodal gold to this Day ! Used for medicinal properties, to keep this illusion the powers that be made it illegal for anything natural to treat any medical condition. CONTROL
warrioriamnow 3 years ago
GOLD and SILVER are so saught after from the beggining because of their healing properties. There were many plagues back then, and when they came around people needed gold and silver for medicine "Demand" ='s control. Whoever had the most gold and silver had the most control. Money is an Illusion used for control that simple, now its mutated to paper money which is essentially worthless,
warrioriamnow 3 years ago
The thought occured to me the last time the US had honest money was 1964. I was not yet born, but it amazes me that once the dollar was backed by solid silver and gold. The gov't has been slowing debasing the dollar ever since. However, I believe silver is extremely undervalued now. A 1964 silver dime would be able to pay the average worker's daily wage pre1900 in most parts of the world. This is true.
jlin1974 3 years ago
True, very true. Paper money is only backed by peoples belief. Precious metals are the only real money. So it would be wise to transfer your paper money into silver and gold as soon as possible.
daveb565 3 years ago
you'll find the value of gold is also backed by people's belief or you wouldn't care if you had fools gold.
perspectual 3 years ago
your so true
lilryry1993 3 years ago
yes TORONTO!!!!!!!!!
Twinaces22 3 years ago
this may be true, but whats even more true is that things only have as much value as we give them. For example: oil/gas is worth so much because we aren't willing to stretch our fuel option... its a monopoly that has allowed the price of oil/gas to rise.
kastolp 3 years ago
i love how this is explained.. broke it down great.. anymore of these? the website didnt seem to work for me..
mrcixthsunshine 3 years ago
When this Jones video was done...gold was about $650.00 an ounce. Gold is close to $1,000.00 right now. Now THAT is one hell of an action item...PISS OFF RONPAUL2016. GO BACK TO YOUR CAVE.
Tiggerpilot 3 years ago
This comment has received too many negative votes show
You know what... a clown pimping gold and silver coins is going to lie to you to sell gold and silver coins.
Don't be a sucker.
ronpaul2016 3 years ago
people dont think about the paradox of money,cost,gold to much . your head might explode like a robot trying to calculate Pi!
just get ya some silver/gold TOUT SUITE
wrenchmandan 4 years ago
"Westabee" thank you for instructing Jones to tell us about real money, Jones thank you explaining how you could and still can trade a Gal of Gas for the 3 little pieces silver(dimes)
LONG LIVE YUKON CORNELIOUS
wrenchmandan 4 years ago
That was probably the best story for a layman.
Those three silver coins still buying a gallon of gas.
leevi1234 4 years ago
The dollar is backed by oil as long as the world can only buy oil with only U.S. dollars we can keep this game up but some of the OPEC countries are starting to push for selling in other currencies. In November 2000 Iraq started selling oil in Euros they are now once again selling in dollars. When the Petrodollar comes to an end we are in for a world of hurt.
BOMangles 4 years ago
And now Iran is doing the same thing and guess what? We are threatening them with military action. We are looking for any reason we can to invade them and prevent them from selling oil in other currencies.
xxxresistance 4 years ago
All fiat currencies are backed by more printed money. It can also be backed by industrial/agricultural/resource/labor exports. In the USA, we don't have anything backing it, we don't have a big industrial base(more imports than exports), and the money isn't backed by precious metals.
He101A 4 years ago
If you invested $1 in gold 200 years ago guess how much it would be worth today, adj for inflation?
$.98
Unless you are an investor and can an play the ups and downs, but over the long term gold doesn't change.
The reason for a Gold Standard is because it does not fluctuate over time, serving as the bedrock to a solid monetary system.
If you invested $1000 in Treasury bills, you are guaranteed to make $40. Backed by the government, T-Bills will be good as long as there is a US government.
seanieemac 4 years ago
And when the economy is in the tank, the government would have its hands tied to do anything about it.
There is good and bad with a gold standard. Apparently the bad outweighs the good: NOT A SINGLE NATION IS ON THE GOLD STANDARD.
ronpaul2016 3 years ago
It's not the governments job to control the economy, please read a book, maybe even the constitution. The US Constitution says "only gold and siler shall be legal tender."
CptMarvelous1 3 years ago 3
silver that is.
CptMarvelous1 3 years ago
Amen... It's not the Governments job to control the economy. People seem to forget the lessons of history. Rome fell due to economic collapse, more recently the Soviet Union collapsed due to economic collapse. Most of us that preach trying to warn others of the coming economic collapse are just wasting our own time. People are ignorant (seems to be on purpose too ) today, God I wish I had been born when The US was truly the greatest country in the world, before the criminals got control.
MadScience 3 years ago 2
To further that thought, Life expectancy may have been less at that time but 40 years , 50 years, etc of true freedom and economic security would be much better than we have it today, and I'm afraid of whats coming tomorrow. Living life seeing whats taking place and that people don't care as long as their Iphone works is indeed sickening. People today think they are so smart, and they willingly choose to be ignorant. If no-ones watching the cash drawer, it'll get robed every time.
MadScience 3 years ago 3
Amen my brother.
CptMarvelous1 3 years ago
I just arrived in Berlin, Germany and cashed $50 US into Euros and only got back $28. The Federal Reserve and The US Government are going to be the end of America as it once was. Very Sad!
worldmediawatch 4 years ago
This comment has received too many negative votes show
You are a cock sucking piece of shit moron.
You cashed in $50 US into Euros and got back 28 EUROS, not dollars.
If you cashed that 28 EUROS back you'd have $50 again.
By the way, the exhange rate as of today would net you 33.9801 Euros to $50 US dollars.
ronpaul2016 3 years ago
currencies (paper promises) today only have value if someone else believes that it has.
sell halve your gold/silver if the mass is buying it.
the mass (sheeple) is ALWAYS wrong or to late.
DOLLARCRASH2 4 years ago
almost forgot, if you are american keep a part of your savings/gold or silver overseas
DOLLARCRASH2 4 years ago
Ron Paul or Revolution '08
dnHooligan 4 years ago 4
He is right! The govt. prints these paper claims on REAL goods, property, and services upon sheets and they can ROLL them off!
lividmany 4 years ago
How many nations are backed by a gold standard? Zero.
But I'm still voting for Ron Paul. Ron Paul will let Israel burn.
GO RON PAUL 2008.
ronpaul2016 4 years ago
Many countries have gold reserves, like Taiwan, South Korea, Great Britain, Belgium, Austria, Japan, Switzerland, Canada, U.S.A., etc. Countries do have GOLD RESERVES.
He101A 4 years ago
I'm not sure if Ron will say "let Israel burn", however, he may likely say "Israel, you are on your own, and we are not giving you billions every year".
CaviarClub 4 years ago 6
Right!
Go on Ron paul.
Riverplate111 3 years ago
We have all been brainwashed into thinking that printed paper, and data entry is money. During the revolutionary war, and civil war paper money did become worthless. If you were on the confederate side during the Civil War, your paper money became worthless.
He101A 4 years ago 2
The entire planet has been brainwashed. Nobody has currency backed by gold.
ronpaul2016 4 years ago
Switzerland, and China has their money backed by gold, and other precious metals.
He101A 4 years ago
good stuff 5/5
TyredUvBS 4 years ago
1 oz Gold is selling for 850 USD in kitco and 890 USD on ebay.
nightimer2 4 years ago
Yeah J.P. Morgan had it down pat...."GOLD & SILVER ARE THE ONLY REAL MONEY..EVERYTHING ELSE IS JUST CREDIT."
Tiggerpilot 4 years ago 6
I have a question. Who actually prints the money? Is it the Federal Reserve or is it the US government?
Does anyone know?
conspiracy777 4 years ago
The United States Department of the Treasury prints all paper money, etc. The private Federal Reserve bank is the central banking system for America, which regulates and controls the currency of America. WE need power over our money, not private central banks.
JackNeedles 4 years ago 3
The worlds richest nation..the usa, will become
the worlds poorest because of ignorance of their
currency. What a shame!! Keep the people fed and
entertained like the roman empire. Funny how
history repeats itself. All of this is textbook.
Do your monetary history people! He is right.
chutokhan9 4 years ago 5
Jones performed a good, down home translation of the dollar/gold-silver valuation conflict. Learn it. Live it. Love it. Gold & Silver Rocks. MONEY WITHOUT DEBT OVERHEAD. HYPER MONEY. FOREVER.
Tiggerpilot 4 years ago 3
AHHHHH, Now that's the sound of money. Good job Jonesie.
timothycrowe 4 years ago
good job Mr. Jones. Just think most mines for gold are shifting one tonne of ore to get 2grammes of gold... Gold is now $775 - still cheap when you think of all that earth moving.
shikira 4 years ago
GOLD AND SILVER...Super money. The only real, true money. Barbaric relics of the past?...Who gives a shit. Gold & Silver rocks the most when a debt needs to be paid with the highest sincerity. You can bank that.
Tiggerpilot 4 years ago 6
My last comment was directed to thirdreichcollector and his totally uninfomed blather on silver and gold.
ScythianKnight 4 years ago
TERRIFIC WORK JONES.
Stanhope1986 4 years ago
Very Interesting video. I look at some of the comments, and I think that most do not get it.
Edlearn1234 4 years ago
No most don't, they are brainwashed in to accepting the current garbage currency.
Dumbell99 4 years ago
VOODOOCHILD22- Odds are...the one WITH money eats better than the knucklehead without money. Get in that poor house chow line....knucklehead.
Tiggerpilot 4 years ago
Wow that's so enlightening, I never thought of that before. Get a grip, where does food come from? People are now in the habit of paying for things that are free, so who's the real knucklehead? Also in the next five to ten years you are going to see the value of gold rise sharply, as the world reserves are sold to the multinational corporations for uses in fuel cell and other technologies, then it will plummet like lead. Look up David Hudson and work it out for yourself.Wageslave.
voodoochild22 4 years ago 4
You can't eat money you know.
voodoochild22 4 years ago
But you can buy things to eat with it.
Dumbell99 4 years ago
johninves- To a point, I agree. Small banks are safest. Lees chance of the closed door syndrome during bank runs. Own some gold in bullion. I do. After that..Don't matter so much how the banks screw up. Gold is king cash, baby!
Tiggerpilot 4 years ago
It would be smart move to have some gold and silver on hand with what is about to happen in America.
JackNeedles 4 years ago 2
johninves- real estate is a non-portable, weather vulnerable, yearly taxed out the roo-roo source of liability whose market price is currently dropping faster than a lead turkey. Fail to pay the taxes one year?....All that investment is GONE. Go ahead & bleed the equity. Another speedy park bench address coming up.
Tiggerpilot 4 years ago
Very basic knowledge but he neglets to discuss the loss of interest on silver and gold held for over 43 years since you can't put it in a money fund or a savings account.
He neglets to discuss if you took your money 43 years ago and purchased income producing real estate with the returns and the appreciation I would venture to state it would be worth more than silver or gold over the same period of time.
johninves 4 years ago
You are right, but i don't think his point was about returns on investment or yields. I think his point was if you want true security in your savings, without hassle, purchase and store gold.
kaitenuser 4 years ago
gosh...loss of intrest? r u fricking kidding me? The real after tax, after inflation returns of bank demand deposits is negetive nearly all the time. Gold & silver actually preserve purchasing power without any current taxes due. Comparisons of 100% liquid gold and silver to illiquid real estate are invalid. If real estate has any higher long term real returns thats in part its reward for poor liqudity.
unameitltd 4 years ago
If you are assuming that I am referring to a savings account that pay 2-3% then you are correct but there are other returns on money that offer a valid return.
No one is discussing a regular savings account, that's unheard of except for funds that you need available and liquid at all times.
johninves 4 years ago
I like his style, I think he is trying to tell what is real money. Fiat money loses its value always, Cant text more not good at english :P
princemohsin 4 years ago
Thirdreichcollector-Gold and silver remain the most sincere form of payment. Paper currency is designed to fall in valuation over a period of time. Third Reich paper became only useful to burn in the pot belly stove for heat in the winter. Collect all your third reich material. Take it to the bank. They'll most likely charge you for disposal.
Tiggerpilot 4 years ago
I like Jones. He is country than a mug, but he is on his stuff.
kaitenuser 4 years ago
The central bank robber barrons are greedy, evil, and are in firm control of the entire world. Don't continue to enrich them - buy gold now!
jimmyjoe2007 4 years ago
i can almost bet this video will have over a million hits a couple of years from now. great work jones. i will be telling my friends about this great information. I hope you don't remove it. This way I can rub it in their faces and say..."I told you so! LOL
blacksole7 4 years ago
problem is he fails to mention what the gold and silver commodities will be worth if gold and silver drop to a dollar an ounce. this is made to appeal to idiots. he does not mention that gold and silver prices move up and down.
thirdreichcollector 4 years ago
The US$ as measured by the US Dollar Index is about to freefall, gold and silver have increased to $763 and $13.70 from $252 and $4.25, respectively, in the last 5-6 years, and you're talking about them falling to $1 per ounce?! You haven't a clue what is going on, or else you're just a lackey/shill/slave of the banksters. If you want to see a true idiot, take a good look in your mirror!
ScythianKnight 4 years ago
excellent, but get that laptop out of the way in the camera shot so people can see more of the real money.
gold and silver is real money!
unameitltd 4 years ago
My absolutely favourite video on youtube. The 3 silver dimes illustration is spot on. Jones, if I ever see you down the pub I'll buy you a pint of whatever you're drinking.... but since you're American I doubt I'll meet you at my local.
thevidmachine 4 years ago
use your brain. suppose gold or silver drops to 50 cents an ounce. you will be standing there with your pecker in your hand.
thirdreichcollector 4 years ago
If that happened I would be buying gold and silver! That's what Warren Buffet and Bill Gates and Steve Forbes did, they're pretty smart guys. Silver is used in everything these days. Plenty of it in the computer you're typing on. Not so much in the U.S. treasury.
fluoridatedbrainsoup 4 years ago
Ron Paul wants to put us back on the gold standard. As your video shows, that's the only intelligent way to run a government. Join the revolution, vote Ron Paul.
TomMorrison171 4 years ago 2
Good video Dave ;)
lostlittlegyrl 4 years ago
Kennedy's are actually 40% silver. Only the pre-1965 coins are 90% silver.
greling 4 years ago
Yes and know. The 1964 Kennedy is 90% silver. The 1965-1970 Kennedy is 40%.
espouse 4 years ago 4
yeah! and he showed a 1964 duhhhh
thirdreichcollector 4 years ago
excellent!!! Lets show it to Congress!!!
Raphael618 4 years ago