GOLD vs PAPER

[bykashka75]

Very accurate, straight to the point, and coves the subject fully. BRAVO

[GoddaM777]

labor vs the means of production---somehow we have been tied into a corrupt system of exploitation by those who possess the means of production and exploit labor

[wendy2212]

Great video.

This is exactly why some highly paid celebrities have declined to be paid in USD. They would rather be paid in Euros.

USD is crap... its in a perpetual decline in value.

If I ever worked in the US I would demand payment in gold coins.

For all I know google could be printing all the money they pay their employees with. Can't do that with gold tho...

[jdcremin]

Good videos.

You talk about a depression coming but then you talk of the dollar becoming worthless. A depression is the result of a contraction of money - and therefor, a rise in the value of a dollar. Historically, yes the dollar is falling but right now, we are in a money contraction.

All those bailout billions are sitting in the FEd or in banks - not in the circulating money pool.

The USDX is complicated, I thinks more than total dollars printed.

[pkimrey]

thats today... tomorrow those dollars will be in circulation.

[bjmccullough]

btu value...hahhahha...love it good work

[jasonw719]

Charlie - I look for you everyday - where you at man

[dwfierce]

Well? Where are you!

(just talkin' so you get another rating and comment!)

[dwfierce]

Hey!

Where have you been brother! I have been missing my daily crabbydogtrix fix!

[kchomer1]

the zeitgeist movement wants a recourse based economy, watch out for those people for sure there for what the Georgia guide stone recommended

[kjack5]

You could say I am a caveman, but I am not just a caveman- I am a gold caveman, because sometimes there is gold in caves!

[9serchiyo]

when the first people from europa came to america "spanish" and they saw that the aztecs had so much gold. the spanish started killing the indians. you right charly some people can do what ever for gold killing stealing and destroying. making people slaves is another of the things that people who want gold can do with the law and even god as an excuse do not believe what is not true charly it is more importat to see a child smailing that all the gold of this world. i am not a religious person

[rexoid]

Hungry children do not smile.

[bossduff]

You can't make it any easier to understand than that Charlie. I still find it shocking that most people do not see what is happening to this country. They will be shocked into waking up the hard way, when things continue to get worse. I don't know what event will be the one that does that, but it cannot be that far out in the future. Thank you Charlie

[silversobe]

You know whats going on man!

Keep spreading the truth Charlie

[vintagethought]

like a weatherman.....i dont really know what day...but sooner or later its gonna rain

and it sure seems like some dark clouds on the horizon

5 star

[dwfierce]

Can't wait for the hour long video! I've already make the popcorn!

[redline1189]

Could Obamas push to start saving money now. Be to take a percentage out of circulation, so as to not have our dollar totally collapse soon, because of their printing presses running 24/7

[Lexi8888]

"China Starts Journey To New Reserve Currency". Big surprise! Silver dealer who is also friend (his family biz for 50 yrs) is buying from general public, but telling friends, etc to hold on to all gold & silver at this time. Good articulate video Charlie.

[RedScorcher7]

Top vid.

*****

[143DREWID]

France called in our debt, from Vietnam War. IN GOLD. We balked and dropped the standard.

[WCCobra]

They still owe us for WW1 and WW2. Oh wait, we were nice and forgave their debt.

[whammy0000]

Excellent informative video.

[realrasher]

Those are great arguments!

Don't forget the argument Ron Paul likes to use... Gold (and silver) are virtually indestructible. They can be sunk to the bottom of the ocean for 100s of years. They can be recovered after after a fire (just in slightly different form). lol.

(Don't try any of these feats with FIAT paper)

Right on Charlie!

[fal2grace]

Great explanation! To back it up, the paper money from the Confederate South became worthless after the Civil War. However, the gold they find in Egyptian tombs...buried 1000s of years ago is priceless. I'll place my bets on gold and silver over paper money any day.

[medulalumosa9]

Smart woman! :-)

[fal2grace]

:) much love

[medulalumosa9]

Back at cha girl! :)

[mark7996]

5 star.

Winner is commodities, physical goods.

[Mongodelight]

if the masses would like gold and silver we couldnt make much money by investing in it. i was with a sign in the city, ca. 1500 people saw the sign "Silver 8 Euros per ounce" That was 25% less than the ebay price in germany. They could have bought it and sold it and made 4 dollars per ounce or more. But nobody knew the price of silver. Take that as good news, there is incredible potencial demand. They no nothing about it, but when silver hit the news, they will run to get it.

[Mongodelight]

no would in a if-sentence^^

[stuntpea]

I stil can't believe Gordon Brown sold off Britains gold. 400 tonnes of gold, much of which we've had for hundreds of years. It was British heritage.

Admiral Nelson got a lot of it by Kicking Napoleons ass. Spoils of war.

[bogesk]

Ahhhh......the Diamond/Water paradox! Confused the hell outta Adam Smith......don't expect everybody to get it.

[gck82s]

BTU value love it, here is another analogy the Titanic perfectly describes the global economy, a catastrophic event hitting the iceberg but the ship does not sink with out trace for 3 hours people were playing football on the deck with bits of ice, the general population asleep are now playing with the ice saying fxxk me that was a close one but if you are awake you are runing to the life boats while having a shave and putting on a dress TIME WAKE UP TO BUYING GOLD AND SILVER

[leninstreet]

Gold and Silver does not require trust. This is it's most important characteristics today. In 2008 where deflation was more prevailing then inflation gold performed great. In an inflation environment gold will do fantastic. As long as the problems remains unsolved Gold will perform good.

[waldentree]

Fiat currencies have ceased to be used or 'failed' in some cases. What were they then replaced with? Another fiat currency. eg the Deutschemark with the Euro, the Zimbabwe dollar with the Rand(maybe). Au and Ag will probably always be a store of value and speculative investment, and may be used as money and a protection from hyperinflation in some situations, but I don't see them being commonly used for daily trade.

Hyperinflation aint cumin. DEflation is. Go figure.

[DontTread0nMe1776]

I like the analogy of the dry cleaners, they give you a receipt (paper dollar) to later claim your clothes (gold/silver).  The government (actually the PRIVATE "Federal" Reserve) has stolen our clothes!!!

[NotACrookProductions]

When you talked about labor being imbedded it made me think how the bankers can manipulate that labor without lifting a finger to produce it.

[machinenation]

Interesting video - worth exploring some more on the labour theory of value.

I'm wondering if we shouldn't be combining labour with commodities & technology now to get real value in a modern economy. Aren't there layers of types of commodity? Foods for example and then things like music, video games, holidays ,,,.

Some commodities you can print money to let people buy - they're practically free - like music - protected only by copyright. Things like ENERGY though ...

[machinenation]

My point is (see above or below) that it's not that simple in a modern economy and I'm convinced that if technology produced energy the way we can produce software then we'd have real anarchy.

I'm just reading the seekingalpha article on China urging citizens to buy gold and silver. That could boost silver value...

[cadar100]

Well spoken!

[bennmug]

Wow very well explanation!!! great video!!!

[mcgrawtim123]

The Federal Reserve Note is backed up by lead, uranium, and plutonium.

[veritasfiles]

Great video Charlie. Thanks for doing it. And I'm glad you're not discouraged by all the morons who don't understand the legitimacy of holding physical assets like gold & silver as a store of wealth & hedge against inflation. I would like to know how you see the makeup of a good savings system, given what you see coming. Do you think Gold & Silver should make up 90% of your savings? 50% of your savings? Less? Would you store other physical items for mediums of exchange? Good Vid though!

[KARStarla]

What do you do with a $1000 gold coin and somethings $100, how do you get "change"?? If they dont have gold but dollars that would put you right back where you were back into the dollar again.

I cant figure out how I could use it after I get it (if I could even afford it)

[crabbydogtrix]

if we went on a gold standard again paper money would work, if it gets "western" and we trading in g/s then in that case you'd use silver or trade your gold coin for silver coins

[KARStarla]

I just find it very confusing you know? Like we know paper isnt worth crap and gold is (because it take more work to get in order to use it as a means of exchange, but I guess I look at the "ability to" exchange for goods, or "to do" commerce more important and whether its from a tree or from under the earth I wouldnt consider it valuable except for the ability it gives me to exchange for "goods" I find more valuable then the means of exchange itself. I dont know how to buy and sell with it

[fal2grace]

I agree, it's confusing... I think you have to keep some paper money to function and then also have some gold and some silver if you can... and like Angelique and others say... also be sure you have food, water, etc. Try and establish a balance.

[KARStarla]

"silver and gold I have not" lol I just cant afford it and all of my looking into it this last year only made me confused as to how to use it, or know what the value is that day, or how many (like me) dont know and might not trust they are getting the real thing, or the real amount etc (I dont know how to word it). Like if I had one gold piece (and others dont have any) but I want a bag of rice for $40 but I only have $1000 gold pieces, how do I get change? I think silver might be better (?)

[fal2grace]

jeez...it isn't an easy thing to figure out... I don't pretend to know the answer. I think you have to have dollars as you say to buy rice... and I don't have a ton of food stored away as some people do. I think we just all have to do our best to research what's going on... and to prepare as we see fit... according to where we live and what we need.... In the end, I research and then go with my intuition:) All the best. Deb

[P3coTrain]

better than a gold or silver currency. ONLY if the populus that uses the paper is aware of its nature. I believe the children should be taught about this and be givin control of this power as it will be the world that they inherit and had decided for themselves. Control of money has always been that saught after power that very few understand but all abide by.

[Beercan555]

Keep going Charlie.

Your words are not wasted. You have a clear head in this confused time.

[crabbydogtrix]

thanks beer

[P3coTrain]

I agree with gold as a store of wealth. paper currencies offer something that gold can not. The ability to do without! "Fiat" means "let it be done". The problem occures when the masses do not know this and let the powers running the paper currency get out of control. If all children were taught from day 1 about the system they were participating in this would have been avoided. Like any scam that goes around it only works on the people that are ignorant! "Fiat" or "Paper" can work..... cont

[crabbydogtrix]

thanks P3co

[magillagorillagang]

i heard it's better to have jewelry(junk) gold than actual gold coins in a realistic bartering system or atleast smaller denomination of gold coins (easier to trade)

[celtg]

Well that is good to hear! All I can afford is small denominations of gold! lol

And of course silver

[magillagorillagang]

i bet if you are hungary and have no food i can trade you a 5lb bag of rice and 2 cans of tuna for that oz of gold.

get hungry and i'm the only one with food, see which is more valuable my food or your gold. you can't eat gold.

how about my "lead" vs your gold

[crabbydogtrix]

uh dude... no one is saying don't prepare and just buy gold or silver. the point was comparing gold vs paper dollars.

[magillagorillagang]

oh, i was not critizing you.

i was just making a secondary point.

i saw your .223 video, i know you have your priorities in order

thirdeyewise

[crabbydogtrix]

sorry man , my bad- i read it the wrong way

[magillagorillagang]

it was .223 not .308, right?

[micollision]

thats why you get a good food supply and things you need first........then take your some of your remaining mony for metals so you don't lsoe purchasing power......

[cwicss]

Thanks Charlie !!!!! I totally get it now. Starting tomorow I'm going shopping and I'll take all my paper money and buy all the woven baskets I can get my hands on.

Maybe I'll even buy a couple basket stores. Then I just have to sit back and wait for people to bring me gold and silver for all my baskets ( I'm not dumb enough to accept paper for good baskets)

Once I have all my baskets changed into silver and gold I'll be totally financialy secure. smuck am I fart now, thanks Charlie !!!!!

[rexoid]

Yes..advance to level two..you now understand "trade". Level two: what does it mean when the silver is worth more dollars? The silver has gone up in relative value? No..the dollar has gone down. It is now worth less baskets.

[cwicss]

Please don't tell me I made a mistake buying all these damn baskets, it took me

another 9 hours today to finish filling the house up, I can't even see out my windows....

[rexoid]

Just remember to keep one to store your silver in.

[junkyarddog47]

Charlie

Very good explanation. Fiat currency "WILL FAIL"

[LisaJ4Liberty]

Nice vid, as always.

[nwosigns]

BTU value.... Wow, that totally makes sense... That is the best analogy I've seen yet.

[crabbydogtrix]

thanks nwo

[MegaJimmy777]

I know what you mean charlie, you know,I love the looks of that Ben Franklin you were holding. I think that those "silver certificates" were some of the prettiest currency that was printed,if you ever get a chance take a close look at how money used to look back in the day. I'm with you,Gold is the most precious money there is! How about those 1850 fifty dollar glod pieces?! I think they were almost an ounce of pure gold! That was real cowboy money! lol! blessings to you,love your vidios...

[crabbydogtrix]

thanks jimmy

[medulalumosa9]

Wonderful explanation Charlie! You've done a great job hitting the main points and condensing the message!

Whenever I get static from people for buying gold or silver I tell them three things that always leaves them speechless.

1) Scarcity brings value. The dollar is as now as plentiful as sand grains on a beach

2) Gold and silver has been money for 5,000 years, longer than any other form of exchange.

3) No matter where you go in the world, gold and silver have value.

Thanks!

[crabbydogtrix]

great comment

[DavidAKZ]

how do you exchange gold for a cup of coffee or a bus ticket ?

[btbking]

you get your change in silver

[medulalumosa9]

Well I'd say you'd exchange it for the given currency at that time or for silver. Honestly though, I don't know why the hell you would. Seems to me, if you were smart enough to buy gold (or silver for that matter) you'd also be smart enough to stock up on basic essentials that would also be in demand (food, water, coffee, toilet paper, etc) AND to also try to be self sufficient...which would also pay off in terms of what you had to barter with. For example, chickens (meat and eggs) ...

[medulalumosa9]

(con't) fruit trees/plants (apples, peaches, strawberries, blueberries, preserves, jam, pies, etc), vegetables (canned, salsa, pickled, etc -you get the idea), tools and also skills (knowing how to fix things, etc). Seems to me that any of these things could also be used as a means of exchange if you didn't have or didn't want to use your pm. If you needed a bus ticket why not ask a friend or neighbor if you could mow his lawn or fix something around his/her place in exchange for a ride...

[medulalumosa9]

(con't) to somewhere and back.

So, I hear you ask, why carry metals at all if you plan on bartering? Simple. I look at my metals as both an investment and a means by which to store my wealth, my own personal bank. They will always hold value since they are both rare and in demand and have always proven to carry value throughout most of human history. I can think of no other form of universal currency or exchange that can say that. Can you?

[medulalumosa9]

If you chose to, you can simply save your fiat dollars and assume they will be of any value and will actually purchase anything in the future...if that's what you want to do. It just seems smarter to me to buy the metals and then exchange them when I needed currency (if they aren't considered a form of currency in and of themselves by the time) AT the REVALUED rate. -That is to say, the metals you purchase now at a certain amount of fiat money will by then be readjusted to the new rate ...

[medulalumosa9]

(con't) ... AT a substantially higher value than what you had initially paid. -That is to say, IF you wanted or needed the fiat money of the time to make major transactions for things that couldn't be bartered for (paying off debts, buying a new appliance or car, etc).

If you can't make sense of what I'm saying, maybe this vid will clear things up:

watch?v=A18CjOzRpbs&feature=ch­annel_page

[DavidAKZ]

That's a nice ideal being self sufficient, but do you really want to go back to a very localised feudal culture where you have to kill animals, get robbed etc when the rule of law has broken down ? If this happens I think the dark side of human nature will become more apparent eg no prison system ?

[medulalumosa9]

Ermm... ok. I thought the topic was gold/silver and the use of currency or fiat money for goods and services. Ok, self sufficiency and localized feudal culture it is then.

You ask if I want to go back to a very localized feudal culture. Yes. I would rather have a sustainable local economy rather than Walmarts on every block and the elimination of local businesses. I would rather have the money I spend go to a local farmer or business owner, knowing that the money I spend will stay ...

[medulalumosa9]

(con't) in my community and will help my friends and neighbors feed and clothe themselves. I'd rather have an economy where the CEO is the guy living at the end of my block rather than a multimillion dollar mansion in upstate New York or something. "Where you have to kill animals" -as opposed to what? Have others do it for me, out of sight and I and everyone else have a delusion that meat just magically appears on shelves? Sure, why not. I'd rather live a life that faces death ...

[medulalumosa9]

(con't) unflinchingly rather than some sort of plastic reality where things just appear at my whim. If I am to eat meat, I should have the full knowledge of what that involves. Next, "where...get robbed etc when the rule of law has broken down" -and it hasn't already? Seems to me the actions of our so-called leaders, corporations and banksters all seem to indicate that they are above the rule of law. I don't know how thing are over in Oz, but here in the States crime has been run amuck for ...

[medulalumosa9]

(con't) quite some time now. -Probably proportional to all the work and opportunities that have been leaving the country. The only solutions we've been given is building more prisons rather than try to deal with the root causes. So, looking at our legal system, would you say that the prison system here works? Is it a great deterrent from crime? Nope. So, why would I worry about it breaking down in the future? Things are shit now.

Will there be a societal breakdown and an increase in crime?

[medulalumosa9]

(con't) You bet your ass there will be. That's coming no matter what now. Things have gone past the point of no return. It's simply too late to try and fix the numerous problems we have. And honestly I'm rather happy for that fact. Everything needs to go so that we can rebuild from scratch again, and hopefully do a better job of it this time.

[DavidAKZ]

tinyurlDOTcom / d9nw7

[rexoid]

Yep. Trade the surplus chicken and eggs for other peoples silver. Get more. Its called "commerce" and "trade". Imagine..it can be done without dollars. Work at it..the concept will come..I know its hard.

[medulalumosa9]

:-)

Thanks! Yeah, seems simple to me -and I'm an idiot at math. lol If there is a need or demand for something, then it can be used in commerce. Yup, that sums it up. ;-)

[cwicss]

JESUS H. CHRIST !!!! now yer tell'in me I need chickens to go with these damn baskets to get peoples silver, where the hell am I supposed to put the damn CHICKENS, on my roof? I've got no space left...sheesh, you better be right about this...

[rexoid]

no no no.. If you have too many chickens.. and baskets..you put the chickens in baskets ..and take them to market..that way you get to charge more silver for the chicken, and include the packaging in the price. Then you hope someone comes up and orders two chicken ( a la basket) and only has one of Crabby's 1,000 dollar gold pices, and YOU get to make the change in silver.

[rexoid]

Yes..that one is called ( in the vernacular ) "business". Keep at it..you will pick it up.

[smacktalk1211]

Great job, loved the video!

[Soupdragoon]

I'll be needing that dollar to cook my dinner Charlie.

[mattswall]

Excellent video---a simple concept which is made complex by so many...boiled down to 7+ minutes. Thanks for sharing!

[crabbydogtrix]

thanks matt

[radon1234567]

great video!

[crabbydogtrix]

thanks much

[dabruin2]

Great points Charlie.

[crabbydogtrix]

thanks much

[readywerx]

In my tribe , I make dollars : ( I used to be cool....

[crabbydogtrix]

im chief BB stacker

[kenandjasha]

We will see who the caveman is in another few years

[crabbydogtrix]

indeed- rrrgh fire bad

[kenandjasha]

this caveman is hunting gold on ebay right now..let them laugh

[rexoid]

I have had luck with silver on ebay, but the competition is fierce to get silver at a decent price. I bid on 100 items to get 1, but I will not bid over spot (including avg. in S&H). Best luck was marked sterling items, bidders too lazy to do the math from .925 against weight to get actual silver weight (ASW). I have won bars, commens, medals below spot. Avg cost 09 off ebay = 13.09 Troy Oz ASW. I also buy pre 65 US coins. From people direct, I pay 10% off spot. Coin silver = .900.