If America dumps the Dollar and takes up and invents a new currency, what happens to all the countries and people around this world that have wealth and credits based in dollars?
Would that not impoverish everyone leaving the richest of America that have perpared for that change protected, while everyone else gets screwed?
Would that not be the reality should America dump the dolloar?
@JadeTomZ You should check out the vids I made in March of 2008 when I told everyone the dow was headed to 8,000 in late september early november. Or my 2008 december vids when I warned everyone about new lows coming sometime in late feb 2009.
One of the more disingenuous frauds the citizens of the United States are being subjected to these days is coming out of the US Mint. For over 2 years the Mint has been illegally rationing gold and silver American Eagles and now the Director of the U.S. Mint, Edmond Moy, is finally on the hot seat.
"A congressional subcommittee has been asked to investigate the growing backlog in and foreign procurement of U.S. bullion and collectors' precious metals coin blanks manufactured by the U.S. Mint."
Another ooops….. As I write 10:40 EST 7-27-10 gold is at $1,167 ~ Yikes ~ down another $7 (almost down another 1% since I posted on 7-19-10). Be very careful when you invest your hard earned money. Gambling is not investing. The stock market is lower than it was in March of 1999 over 11 years ago. Gold is lower than it was 8 months ago. Next try the slot machines in Vegas. Or now that property it at a low- look for a rental property.
it should be easier to buy gold today as it is down almost $30 over 2 days ago
This stuff is so stable. The part I like is that if you sell one ounce today you have less money than you need to buy back the same ounce. And then what do you have ? an ounce of gold. If you wait for 10 years to sell your once ounce of gold you will have just less then you need to buy one ounce of gold. And no dividends during the 10 years..Ho Hum
Does not matter what the illusion is. All commodities r illusions. They r governed solely by demand & if the demand is only a self fulfilled prophecy than it in itself is an illusion. As long as the chicken littles do not run around enough to convince the rest of the geese that the sky is falling then everything will be cop esthetic. The Dollar depreciates every year by inflation. DUH!
A house 50 years ago cost $5,000 now $500,000 so the dollar is down 99%. Get a grip & try to understand
the value of the dollar, mark, peso, ruble etc will always fall against food, any commodity, and especially Labor. Labor demands continues to push the price of all goods services & commodities through the roof.. It is not some Gov conspiracy. It is just a matter of every voters greed. Each one thinking that their sweat is worth more & more each year & their demand therefore pushes the cost of everything up. Thereby the dollar falls relative to the cost of production.
Well i guess life is an illusion then because now I can get more money for my Dollar illusion when buying the Euro illusion than I have have been able to do in 4 years.
And bBTW today 6-4-10 the Dollar is at another new 4 year high against the Euro.
SO what kind of currency do you use to pay for your groceries and gas and utilities??? I use Dollars. They will not take any gold or silver.
With all the money you are making on gold you will soon beable to move to a real city.
So today 7-1-2010 the Gold market dropped below the close of December 1st 2009
WHAT HAPPEND - 7 months and no growth on your money. Very sad - I trully hope you guys did not get killed. and that you had stop losses in place. in the mean time over the past 7 months I have been collecting rent on my properties while their value has remained fairly constant.
Sure hope it turns around for you guys tomorrow
what a waste of time the past 7 months has been. Like starting over again
ooops forgot to say that today 7-1-2010 the price of gold droped over $40 to below $1,200 OUCH!! (For you mathematically challenged viewers that is down over 3% in one F’ing day)!
The real estate market took a year to drop 25% but we all kept collecting rent during that year.
When the Real Estate goes bake up you guys will just have your gold and we will just have our apartment buildings but we will have all the rent from that time and our apartment buildings.
@anyname666 You are correct that an ounze of gold burried only yeilds and ounze of gold when you dig it up. However, the value may have gone up or down. The problem with rent right now is that the average mortgage is higher than the average rent paid. So in this market most people who own homes and rent them out are loosing money. Right now it would definetly be better to have burried gold compared to a mortgage. This will change however, and then I will cash in all of my gold for a house.
@visionvictory 7-2-2011 another year gone by Gold & Silver up & down & $1486 & $33 the Dollar making a 5 year come back & very strong relatively speaking where is it exactly that the sky was falling? humm ! views 24,223 a note we just bought a 1,400sf house~fixer~for $28,000 & put $8,000 into it, Rather than buy 24 oz of gold with the $ it's only 40 miles from where u live & is rented $800/month we will now buy 1 oz gold every 2 months with the rent money-in 4 yrs we will have 24 oz & a house
@anyname666 The dollar has never been weaker. It has never bought so little goods and services as it has right now. All of the fiat currencies return to their intrinsic value, zero or the value of the paper they are printed on. Read the founding document ot these united states of america and you'll find that the dollar isn't even money. Hmmmmmmmmmm
the dollar almost never buys more today than it did yesterday.
As long as inflation in an on going process the dollar will be worth less and less relative to its historical value
When you buy one oz of gold or silver and put it into a tin can and bury it for 20 years and then dig it up. All you have is the the same one ounce of gold or silver and when you sell it all you can buy back is one ounce of gold or silver.
Actually if you look it up on any commodity site you will see that the dollar has been going up for the past 2 yeas and the business about a weak dollar is OLD NEWS
silver fell 25% in 5 days last week. It took the housing market 3 years to fall 25%
Hope you were not heavy into Silver the past 2 weeks
The only metal vital to our economy is URANIUM. The dollar has always been back by our military superiority . If we happen to need some particular resource, we simply and brutally take it. If the US really wants to increase silver reserves, INVADE MEXICO! Want more maple syrup? INVADE CANADA! lol
I feel sorry for all you silver bugs out there. Hordin' all them shiny bars, waiting for the dollars collapse. It's not going to happen in your lifetime buddy!
I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit.We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.
My son and I play a game called `what if a big monster came down. . `
In the game you can suggest anything you want ~ it never has anything to do with reality.
SO anyone with charts can look back & say that they WOULD have bought low & that they WOULD have sold high and IF they did they would have made lots of money. For every seller there has to be a buyer. If u sell yours at the top it means someone else bought at the top. If u bought at the bottom someone sold at the bottom
The question is DID U buy at the bottom and sell at the top. NOPE u just talk talk talk like some kind of pipe dream. `well I know this guy blah blah` Oh yeah I was gonna do it but blah blah
For every transaction there is a buyer and seller. So only half make the right decision
Of hose that wait to see what happens half are sorry and half are happy.
Pay off your credit cards and make 22% pay off your house so that you can be secure in your old age. Don`t gamble your saving away.
Well here it is noon Monday Dec 21st & GOLD is at $1,090 down $130 in less than 3 weeks.
That`s like almost 11% WOW Wee
Mommy I want some for Christmas! !
So if inflation has been around 3% that will take almost 4 years of that good old standard GOLD PROTECTION out of any equation.. I mean IF INFLATION is as high as 3% then 3 times 4 = 12%
BUT GOLD WENT THE WRONG DIRECTION. YIKES!
But think of it like this If u bought on Jan 21 1980 at $850 then u r still up $240 (28%) in 29 years! !
well here we are December 20 and the US dollar has lowed and rallied from Dec 1st, a low we probably wont go back to but Its major low is July 08 so the dollar has been stronger since July 08.
As a currency trader i saw the dollar crushing in 2003 and 2004 and no one really cared. now we have lowed and people talk about it crashing. Doods!!! hello!! were going up
Pretend Dad has $90K in 1975 & buys 280 oz of Gold & an 8 unit apartment in Long Beach CA. A few years later the gold spikes for a week at $900 the apartment is up to $70,000 & he has collected 24 months in rent. 1987 comes along & gold has dropped to $300 & the apartment to $55K. But he has collected 144 month in rent. @ 1% per month of the value of the building. In 1999 u sell the gold at 360 & u sell the apartment building $300,000 +288 months in rent. Gold = $100,800 Apartment = $1,164,000
Any time you buy gold, hold it a while and then sell the gold you lose ending up with less than when you bought it. You have to pay a commission coming and going. And when you finally sell you do not have enough money to buy the same gold back you just sold.
You can not eat your gold, all you can do is to trade it for paper money or other commodities. You do not GAIN from possessing gold. The only thing that accumulates when you have gold is a bunch of uninformed new friends
thats a good one. one thing there is not a shortage of, here on you tube, is a bunch of il informed friends.
Maybe gold and silver will this time be the first commodity not to go throught a boom bust cycle. just remember the bust cycle is when it is so low people think it cannot reach new highs again.
Well Gold did just the opposite on January 21 1980. It hit $850 and the bids were all at $900 but there was a lid on Gold Movement of $50 per day so there was no more trading that day but it would have gone to $900
It fell off and never made it back to $900 again until this last year. WOW 29 years with only negative movement. GIVE SOME OF THAT SIR Please can I have another! ! !
Gold is supposed to be the place to put your money when you are afraid of inflation. But for 28 years gold failed
Russia has defaulted on debt before, china has their own inflation issues that they're covering up, and india has taken drastic measures to bolster exports. If the dollar is going to collapse, it will be via a 30-40% unemployment rate.
I just found an article about GOLD in Jan. 2009 National Geographic
What do u know they have a graph on gold adjusted for inflation dating back to 1717 when Sir Isaac Newton first established the Gold standard! ! ! Yep can u believe it? Someone actually researched all that stuff instead of just talking like a big shot.
It turns out that if you bought GOLD in 1717 & had your family hold it u would have lost against inflation every year until 1980. & Still not keeping up with inflation.
In 1980 I had my choice to buy an 8 plex for $46,000 or buy 115 oz of gold. Today in this market the same 8 plex is worth $800,000 or 800 oz of gold. Further, today it brings in $8,000 per month income. I have received 29 years or 348 months in rent. The equivalent of $2,784,000 for which I could have purchased another 2,784 oz of gold. In the beginning I only made about $600 per month rent but with time the rents increased to 8k. But gold just peculated around $400. THIS IS NOT ROCKET SCIENCE.
In terms of real value, that means nothing, and if anything is a fine example of how devalued our money has become. Real estate, stocks, entertainment, and the bullshit consumer based economy in this country HAVE NO REAL VALUE. In Weimar Germany, food and other essential items were worth 100 times more than housing....and what did you need to get food.....gold and silver.
What is wrong with u guys who try to put war time Germany into any equation. There was hyper inflation in Germany because that idiot Hitler literally just printed money until it went from 5 marks per Dollar to 500,000,000 marks per dollar. It took 100,000,000 marks just to buy a loaf of bread. This is not a good example of why to buy Gold or Silver. Gold has lost against inflation since the year 1717. If u only have a few buck fine buy a piece of silver. But don`t invest your life savings
wrong again. the inflation in wiemar gave rise to hitler because it got so bad. your 1717 example is counterproductive to your whole point. gold retaining its value since then says alot, seeing that since 1717 there's been a reveloution, civil war, and 6 major wars. Property and paper money are controlled by the FED and goverment, so really, buy gold, preserve savings, and live well below your means.
If you reread my comment you will see I said WAR TIME Germany not Weimer. Further I spoke of printing money (unchecked expansion of the money supply) all that leading to HYPERinflation.
In the year 1717 the first gold standard was set in Italy and if you take a look at the stats & graph you will see that gold has lost in a steady DECLINE against inflation until just 20 years ago.
I DO AGREE that everyone should live within their means. Outside those bounds is where the trouble lies.
I never said that the Dollar should ever try to compete with Gold, Silver, Used autos, or little green men
The only reason I have splattered this site with comments is to say that YOU should not INVEST in gold as that is a waste of time. U should not PARK your money in gold as u will lose value. Not as much as if u park it in dollars but still u lose
If u reread all my comments u will see that I advocate rental real estate as an investment which beats the C R A P out of gold`
Wrong for a third or fourth time. Even if you want to say gold offers no growth, you still look like a horses ass, as gold has more than tripled since 1999, while on the other hand, real estate declined and collapsed in 07ish. 1980 was also a peak year for gold, and makes your absurd reasoning look even worse. And you can bullshit with your rental property, but everybody knows who owns your property in this country....just stop paying your real estate taxes on it and see who owns it.
Gold peaked in 1980 at about $900 29 mother F ing years ago. Dude what is wrong with you. Today 29 years later it closed on Friday at $1,124 up $224 thats up almost 24%. Heeee Haaaw !!! less than 1% a year for 30 years. WOW give me some of that. I could have bought 60 oz of gold or one 8 unit apartment building in 1980. Today in this down market the 8 unit is worth $800,000 & the gold only $66,000. Plus I collected rents for 350 months heeeee haaaaw hoo hoo hoo
anyname666: The value of gold goes up and down. My father bought gold at $160 an ounce in the late 70's and just a few years later it went up to over $800 ($900 according to you). It later dropped back down, and I only got about $360 for it in the late 90's. Just like stocks, when you buy and sell it is what determines how good of an investment it is.
Pretend Dad has $90K in 1975 & buys 280 oz of Gold & an 8 unit apartment in Long Beach CA. A few years later the gold spikes for a day at $900 the apartment is up to $70,000 & he has collected 24 months in rent. 1987 comes along & gold has dropped to $300 & the apartment to $55K. But he has collected 144 month in rent. @ 1% per month of the value of the building. In 1999 u sell the gold at 360 & the apartment building $300,000 +288 months in rent. Gold =$100,800 Apartment = $1,164,000
anyname666: I understand you can spin it whatever way you want based on when you buy/sell. I could say that dad buys at $160 then sells at $900 a few years later. That's a 562% in value. He could then buy gold again when it's $300 and sell it at $1100, up by 366%. When his money isn't invested in gold, it's gaining interest, or maybe he buys a bigger apartment after his first gold investment. Don't need to pay property tax on gold, and rent is taxed as income, so your numbers are a little off.
anyname666: I should also point out, that you're incorporating the 1970's era into your calculations where real estate had it's most major increase in value. Parents bought house for 35K in 1968, I sold it for 275K in 1989. Had I sold it about a year later, I would have gotten less than 275K because of the down market. And after these last 20 years, I'd be surprised if the house managed to even double in value, especially considering the down market now.
Elhardt Thanks for the real life 21 year experience with Real Estate. First do a google and find KITCO then tab `charts` then on left click gold/silver historic 1968 1989 today $2.00 $5.50(2.75x) $17.05(18.5x) Silver $39.00 $382 (9.8x) $1,097 Gold $35K $275K(7.86x) ???? House the house provided a roof for 21 years ~ that has value gold did not provided nothing If they had boarded up the house then gold wins If they colected rent theb the house wins
anyname666: Funny how long this is going on. But remember again, you're showing the gold being sold after it dropped back down from a high of $900, to $382. Had the gold been sold 10 years earlier, it would have provided much more profit, and then the money from that profit is free for other investments over the next 10 years. So again, my point is that it depends at what point in history you buy and sell gold. Can't just blow off gold as being a lousy investment compared to real estate.
If the gold market shoots up it will only be a SELF FULFILLED PROPHESY! Gold has NO value except that other people seem to want it & they only want it because other people want it. Aside from electronics it is a useless worthless metal. Fine you can festoon yourself with it but that is only a matter of taste.
It is a GAMBLE I guess it will go up I guess it will go down.
Apartments on the other hand always bring in rent & never slump down more than 4 or 5 years. Gold was stagnant for 30 years
@anyname666 you're right however I like the idea of doing both ... just incase we are wrong ... it's been known to happen in my decision making .... good luck
@anyname666 Well at least central banks can't print gold or silver or other metals... The point is we need a method of exchange which would fluctuate in value as little as possible.
good idea but GOLD has been losing against inflation for almost 30 years
only in the past few years has it tried to gain back the value it lost to inflation
ave value in 1980 was $600 (for the yr, high $850-900)
a brand new Cadillac Baritz (best they made at the time) only cost $20,000
check em out today. and see if you could buy one with $20,000 worth of gold bought at $600/ oz in 1980 - it is easy. $20,000/600=33 oz of gold and today 33 oz of gold = 33 x $1,150 = $37,950
If u & I have 100 oz of gold each & U keep yours & I buy an apartment unit with my gold & rent to u and u pay me 1 oz of gold each month to live in the apartment. At the end of 8 years & 6 months I will have still have my apartment & ALL OF YOUR GOLD less some taxes. I use your 100 oz of gold to buy a 2nd apartment. Since u are out of gold I evict u and start on the next 2 guys with gold. In 4years I buy a 3rd apartment. A 4th in 3years, a 5th in 2 year and so on.
if the unemployment is so high that he has to live off of his gold then most likely you'll be experiencing foreclosure, losing your gold and your apartment.
2 people each have $1,000,000 & the 1st guy buys $1,000,000 in gold so that he owns the gold free & clear. 2nd guy buys a $1,000,000 8 plex so that he owns the building free & clear. When they sell their investments both guys should have exactly what the investment was worth at the time sold. BUT the 2nd guy will have received RENT for the time between buying and selling. 2nd guy is ahead by the rent received. There is no foreclosure
you said, "100 oz", which doesn't buy 8-plex. what everybody is saying is that the gold is an insurance against currency devaluation, not investment by itself. when economic conditions are suitable the first guy will sell some gold and invest it in other assets too. Gold buying as an investment is only discussed in the context of economic uncertainty related to the money-creation at will. in bad economic times nobody could pay you rent. rent is one of the few things that will be very cheap.
The gold market isn't what it seems to be. I truly believe that there's going to be a run on gold. Big money is consolidating. They'll burst the gold bubble creating a run, and then buy up the market. I'm not talking about a massive dump in the price either. In this economy it wouldn't take much to cause a panic. The price will raise again and inflation will close the market. Classic takeover.
but this is not a classic situation. the scheme was not designed to operate in a transparent manner but rather in total secrecy, deception, obscurity and in the shadows.
100oz of gold was for 1 APARTMENT UNIT. I said 1,000 oz of gold for an 8 plex. An 8 plex has 8 apt UNITS. 100oz of gold easily buys 1 apartment unit in Los Angeles. And buys whole houses in many areas of the USA
Every body has to live someplace. They pay a mortgage or they pay rent. If they do not pay they end up on the street. Rent skippers are with us in good & bad times. Rent is 1 oz of gold per month. In 100 months I have replaced my gold and still have the apartment. Simple
The fact that your guy is going to sell his gold at one point & finally invest in something else indicates that gold is not an investment at all. Gold is only an inflation free safe deposit box. It stagnates your money. There is no growth NONE, ZERO ZILCH. Apartments offer the same protection with the benefit of wonderful dividends called rent. If u buy & sell your gold enough times since there are no dividends, the commissions will eat up your principal. Gold lost over a 30 year period
AAhh, it has nothing to do with 1 or 8 apartments, 100 oz or 1000 oz. the reason the first guy is keeping gold is because he believes buying 1 or 8 aprtmnt is risky at this time or near future. your scenario is true only when the economy is good. we're talking about uncertain times. when the prospects improve then the first guy will sell some gold and buys the 8 plex before you will.
Thank u for finally agreeing with me. That at some point the gold guy will sell it to buy the better investment of an income producing piece of Real Estate.
Horary for u
U finally got it
The only thing your boy has to do is GUESS when the economy is going to go sour and then quickly shift to Gold hold on for what ever he GUESSES is the right length of time and then sell the gold less the commissions and move the money into Real Estate. But he will then end up with RE
Forgot to say that u are right! Gold does have a different purpose than apartments or commodities like food. It is only used for conducting electricity, festoonery, some exotic medications & sometimes parallels inflation. Other than that it is useless. Gold does store value but loses out in the long run to investments that beat inflation. If you think people will accept gold as a medium of exchange take some down to your local supermarket & see what happens. But they will take the rent
OF COURSE! That's the answer buy gold and silver... I'll bet the 1000 acres YOU should invest in that this guy's primary investment is gold and silver. You're just giving him your money. Come on guys open your eyes...
gold is at it's peak, it's a useless comodoty and everybody knows it, the people on youtube telling you to buy now are trying to promote it for their own profit.
anyone who really is afraid and really gives 2 shits about you will tell you to buy a couple acres some goats and set up a windmill or two. hyperinflation cannot occur if there is no money in the economy, when a currency is on the verge of collapse everybody has alot of money. 100k/loaf of bread and too many people with too much cash.
actually, there's tons of money in the economy.. all in the banks via the fed Q.E. and open window programs. There's also trillions in china, S.A., etc.. PLENTY OF DOLLARs.. just not in our hands. Those dollars will buy gold as everyone realizes our economy doesnt have much worth buying anymore.
Yes investing in GOLD is the smartest thing people did in the early 1980s when gold hit $900 an ounce and then fell to off $300 until it finally made it back to $900 in 2009 (humm! lets see that is almost 30 years). So u invest in gold for 30 years & you break even. While inflation beats the crap out of the dollar during that time. If u had bought Real Estate in 1980 today u would have 5 times your money in equity & 360 months in rent. Plus tax write offs. If times get tough u cant eat gold!
It's important to bear in mind that the early 1980's were a very atypical time for gold prices. Starting any other time, gold looks much better. By comparison, gold in the mid-80's (or even later in the 90's) was less than $250, and now is four times that. Besides, many see gold as money, not an appreciable investment. As Porter Stansberry has said, 2000 years ago one ounce would buy three nice suits of clothes - same as today, & better than the performance of any paper currency in history.
2000 years ago u could buy 100 oz of gold or 1 apartment unit.
If you had bought gold & put it in a jar and had your decedents dig it up they could today buy one apartment unit.
BUT if you had bought 1 apartment unit 2000 years ago u & your decedents would have enjoyed 12,000 months of rent & still had the apartment unit today.
GET IT do you GET IT. Gold sits there doing NOTHING. It is worthless other than some idiots are prepared to buy it because other idiots tell them to
Anyname666 - he problem with the apartment comparison is that things like food, apartments, clothing, soap, etc. have a different purpose than gold, and aren't directly comparable. You're right that the former do an excellent job of fulfilling the needs people have as they go about their lives. Gold does a much better job as a store of value and medium of exchange; it's portable, durable, and almost universally accepted, which can't be said of any of those other items.
Anyname666 (part 2 or 2) - Anyway - own or don't own gold, as you wish. In the end, during the course of our lifetimes it's hard to predict whether the apartment owner or the renter who owns an equivalent amount of gold will do better, in terms of living a prosperous life. BTW, for what it's worth - you come across as a solid thinker, but the condescending tone is a bit of a put-off.
To purchase a rental the RIGHT WAY it should pay u minimum 1% per month of the purchase price. If a renter and I start with the same amount of gold
Assuming a full cash purchase & my renter paying me at least 1% per month any reasonable person can see that in just 100 months (8 years, 4 months) my renter will have used up an equivalent amount of gold paying me rent. At that moment I will have all his gold and still have my apartment.
But are you taking in other factors? Inflation rates, buyers willingness and ability to pay, taxes on that apartment property. Gold is a failsafe, you're not suppose to get rich off it just protect your wealth, and I would think that one would at least have a place of living before they ran out and bought a shit load of gold.
This is not rocket science. The only wealth you can protect is that in the gold itself. & when u sell the gold u have just what u had before, enough to buy the same gold. With the following horrible exception, which you pointed out, when you make a profit on the gold u have to pay taxes to the state and feds. The end result is that you can never beat inflation with gold. U will always be behind because, Inflation & Gold doubles, less taxes. U end up with less relative principle than you started
The 30th is the magic date. Thats the end of the fiscal year... Thats when the banks are going to charge you for every bit of debt you have. You need to secure your funds. Listen to this guy! He knows what he is talking about.
The US government doesn't seem to be functioning or rather what they are doing is against the people. I have no idea what this administration is trying to accomplish.
NO IDIOT THE FEDERALGOVERMENT DONT BORROW OR EXPEND ANYTHING,THE FEEDS EXPEND U MONEY AND BORROW U MONEY, THE FEDS DONT HAVE SHIT, U R FORCED TO SUPORT THEM THROUG TAXES , stop saying that the gov expend so much on this and that they dont spend shit,they play w u sorry bodIes and take u money a way tHroug laws reGulations taxes permits and bull.,but they dont have nothing they have u money thas it, so dont pay no more taxes then U DONT HAVE A GOV THAT EXPEND U MONEY ANY MORE,u will have freedom
The fedgov-fedrsrv will print and spend until they crash, and they'll use false-flag politics until that happens.
Regardless of the financial and political equations involved, the people's life and property have genuine value, but the federal reserve note is a bogus currency which can no longer be manipulated by the world markets.
All 50 state governors must compel the U.S. Congress to reveal the subject matter of their closed-door session on March 2008.
It started with Lincoln, He fought to free the slaves and then shortly thereafter along comes welfare and medicade. Soon followed food stamps, housing assistance and affirmative action The conspiracy was to slowly suck the life out of the energetic ambitious entrepreneurs while being sinister enough to leave them sufficient funds to just keep the doors open. How much do U think that all adds to devaluing the buck
It's sad that this is the case, but the entire monetary economy (not just the US dollar) is reaching its theoretical limits of expansion. The methods by which money is created are inherently unsustainable. All currencies will ultimately end up doing the same thing the dollar is doing. For more information, watch "Zeitgeist: Addendum" (on YouTube). It offers a great alternative to monetary economics.
This comment has received too many negative votesshow
The U.S. still has very advanced technology and industry. The U.S. still leads in military technology. The U.S. sells, tanks, helicopters, gunships, aircraft, optics, electronics, avionics, radars, hummers, missiles, laser guided bombs, etc to many nations. The U.S. exports a lot of pharms, and medical equipment to many nations. The exports a lot of resources. Many people will suffer, but the whole economy will not collapse. The value of the dollar can go down to 10 cents per dollar.
so, let me get this straight. the smart ones stopped paying their bills years ago. they been living free and easy, vacations, travel, good times and they been doing this for yrs. now, all they
do is go bankrupt and start over. gee, why did'nt
i think of that, wish i had. At least they lived big
I bet you think that terrorism is important - it's not. We should end our wars and accept the fact that terrorism happens. We can save $1.2 trillion - Bush's part is already $4 trillion. 9/11 sucked, but we don't spend 5.2 trillion over 10 years on police and more people get murdered by Americans than by al Qaeda.
911 was a farce. All the evidence is there, just look at the pentagon pictures. No titanium engines anywhere. Bush's grandfather funded the nazis before the us was in ww2. I don't know about you but I am a lot like my grandfather. look up violence on wikipedia and you will see war is nothing new and people in power usually become destructive. There is a form of violence where an person is made dependent on something given to them and it is taken away.
What? 9/11 was clearly done by the Saudis, we all know that. Quit being crazy thinking it was some kind of "inside job", that's simply insane... only people that are poorly educated would make something like that up. Sure, violence will always be around, and you are just now finding this out? I guess that proves my point.
Yes, thank you Tnoy34rt(what is the symbolism?). the "poorly educated" could make such a thing up, or someone would make it up for them. The "insane" may think they are safe while they are vulnerable. You however, seem to be very arrogent and ignorant. We all know that. Violence has many forms and they are not all physical assault. Haven't you figured that one out?
I don't trust your explaination of 9/11, as the "Saudis" had no part in it. Good day sir.
Well, bin Laden released another anti western tirade! Lol. I wonder if they'll release another computer generated animation of him next?! BOO!
Don't forget, folks, if you disagree with the MSM/govt. you are a kool aid drinking, conspiracy nut! Now go out and buy some plastic crap from China before the trade war starts! Don't worry, the economy has recovered. It is a JOBLESS RECOVERY! THE BANKS ARE OK, SCREAM THE MSM!!! IT IS A RECOVERYLESS RECOVERY....
China announced a probe into the alleged dumping of American auto and chicken products, two days after U.S. President Barack Obama imposed tariffs on imports of tires from the Asian nation.
Chinese industries have complained that theyre being hurt by unfair trade practices,
If the dollar collapsed to nothing then we will go to an economy of trading for goods. Even though gold and silver are precious metals who would trade goods for something that will just set there? You can't eat metal, and you can't drink them. The things of value would be food, guns, ammo, and clothing. Then the work you do will have value as well depending on what you do.
You can't drink gas or eat nails either. Gold and silver won't just "sit there." It will move as a valuable form of payment for good goods or services.
If the dollar collapsed completely no one would work, unless it was for goods. That will set a motion of mass poverty and crime. There would be a lot less food cause no one would work. Would you trade your food for a piece of gold not knowing when the next time you'll be able to find food? No, you'll trade for something that you'll need or use. If you had a man do work for you and he turns down your gold saying he needs food for his wife & kids what are you going to do?
Then pay someone who can do the work for the farmer in whatever currency is most desired. Gold and silver should exist in conjunction with food/tools/etc. When this whole thing goes down, there will be people who are self-sufficient and have enough food/staples. Guess what form of payment they will prefer to trade in? Land is another biggie.
This man is right on the mark. He's a straight shooter regarding the economy.
I re-entered the job market in 1994 and it was slipping, but at least I could get a 40 hr week. By 2000, I was lucky to find a 20 hr week job and finally by 2006, it was 12 to 16 hr week job. I know "discouraged workers" "laid-off" "underemployed", "furloughed" & being forced to retire people. It's getting worse. Beware - the bigger the gov't, the smaller the individual. That's been the plan all along.
Get out of the dollar by Oct 25th. Dow will fall from 9500 to 4750 very quickly. Dollar based on the basket of currencies is currently at 70. It will drop to 40 late Oct into Nov.
Call me and save your wealth while you can. You'll regret it if you don't buy silver NOW!!!!
The nation's economy started to turn around after the passage of President Obama's $787 billion stimulus package in February, his chief economic adviser said Thursday.
You and Peter Schiff are saying the same things and I believe you are both right. Demcad gave you a big shout-out in one of his live blogs. You're the gold standard (no pun intended, seriously) of info. about the real future of our economy. Thanks.
When the Dow eclipsed the 1,000 level for the 1st time, it was an all-time high. How many people bet it would fall back? They would have lost everything as the Dow never looked back.
people that are saying why do you seem pist off -- you do not realize whats happening the government is destroying the dollar- you should get pist too.... this guy is doing good a true Patriot
I find it funny when someone says that gold or silver will save you because: If the economy takes a serious hit a majority of gold and silver holders will jump at the opportunity to sell their gold. ONce this huge influx of gold and silver is dumped on the market the price of both will drop overnight. Then your gold and silver will be worth nothing. think: Most americans are short term investors....
Don't lighten up on your economic commentaries. Just keep broadcasting the facts about how things really are. I am not here for any Pollyanna type of news. I think you are realistic in your vision of things to come.
I think your missing the big picture here. The reason they call it a jobless recovery is because the wealth of this nation is Global and is not held within the boundaries of our own country. You can see this effects on Wall St.
The problem, as I see it, is that a large amount of the wealth accumulated abroad, is not being taxed but sheltered off shore. And what's even more alarming is that this money is used to increase holdings abroad, not in the US.
At this point, it is no longer a question of outcomes. It is only a matter of details and timing. Expect another Black Monday, Tuesday Wednesday, etc, in the middle or end of October. Stock up on the beans, bullets and band-aids...
...and get to know your local survivalist. Good vid, V.V. (Yer just a kid, btw. One of these days, you'll make a good old-timer. [Bein' old ain't fer sissies.] )
not rubbing salt into the wounds BUT. . . . .
Gold closed up 10% for the year if you bought last Jan - if you bought after AUG you are screwed with a great big loss for the year
Silver is down only 8% if you bought in Jan 12 months ago - but if you bought in April or AUG you lost your ass.
gambling is a tough one. Las Vegas always wins, The manipulataors always win
BUY rental real estate and make a fortune over time... no easy money there
luck
anyname666 1 month ago
in case no one got my last comment
Gold & Silver have very little VALUE yet they have a price that is up and down daily.
This change in price depends only on the manipulator/investor demand.
the REAL demand for gold & silver varies only slightly from year to year
AND so the much touted comment "you can't eat gold"
the Gold people have been lucky this year as long as they bought in last January
the Silver people are very sad if they bought in during January and suicidal if they bought in April
anyname666 1 month ago
views 24,399 10-4-2011
ooops silver back down to $28 from $43 ouch.
Hows that silver thing working for ya.....
Wasn't it at $28 last November 2010??? hummmm! almost a year!
"in it for the L-O-N-G haul"
my two little houses are still bringing in $1,500 a month
I'm tell'n ya Vision - you need to pick up a piece of the pie before the prices go slowly up and up producing rent each and every month.
last 4 months I picked up $6,000 in rent...
hope you are going well with your gold and silver
anyname666 3 months ago
the Dollar is Based on debt system
therefore the other emergency countries
will take over the west countries very soon.
If we do not stop the evil debts system
of the private money print shops
we will lose everything.
1969liberty 8 months ago
I commented 5-17-10 when gold was $1,236
today is 5-17-11 gold has ticked down 19 points this morning but is at $1,570
you were right Gold is up this year by 27%
not bad coin flipping
If you could do that each and every year with gold you would double your money in 2.7 years. NOT BAD hope it works for you
in the mean time the dollar is headed up right now.
I just bought 2 houses one for $35K and one for 28K (+ 12K to repair both)
one is already rented for $700 and the other $800
luck to U
anyname666 8 months ago
Well, I think you are a nice guy
ytrogergt 1 year ago
If America dumps the Dollar and takes up and invents a new currency, what happens to all the countries and people around this world that have wealth and credits based in dollars?
Would that not impoverish everyone leaving the richest of America that have perpared for that change protected, while everyone else gets screwed?
Would that not be the reality should America dump the dolloar?
099749 1 year ago
dude you are just repeating what anyone can read in the papers.
i hope no one is taking you serious because you really dont haveany insights.
JadeTomZ 1 year ago
@JadeTomZ You should check out the vids I made in March of 2008 when I told everyone the dow was headed to 8,000 in late september early november. Or my 2008 december vids when I warned everyone about new lows coming sometime in late feb 2009.
visionvictory 1 year ago
@visionvictory
where do you see gold in the next five years, do you think its over sold in paper gold?
garhw2000 1 year ago
One of the more disingenuous frauds the citizens of the United States are being subjected to these days is coming out of the US Mint. For over 2 years the Mint has been illegally rationing gold and silver American Eagles and now the Director of the U.S. Mint, Edmond Moy, is finally on the hot seat.
"A congressional subcommittee has been asked to investigate the growing backlog in and foreign procurement of U.S. bullion and collectors' precious metals coin blanks manufactured by the U.S. Mint."
reginald58 1 year ago
7-27-10 12:30PM EST WOW down another $8 from my post an hour ago. Time to pull the ripcord
Illusion is illusion here and now ~ time is the ultimate judge
still only 22,176 views
anyname666 1 year ago
Another ooops….. As I write 10:40 EST 7-27-10 gold is at $1,167 ~ Yikes ~ down another $7 (almost down another 1% since I posted on 7-19-10). Be very careful when you invest your hard earned money. Gambling is not investing. The stock market is lower than it was in March of 1999 over 11 years ago. Gold is lower than it was 8 months ago. Next try the slot machines in Vegas. Or now that property it at a low- look for a rental property.
22,176 views
anyname666 1 year ago
ooops as i write 7-19-2010 gold down another $25 to $1,175 where it closed Nov 25th 2009 ~ 8 months ago.
Hope you guys are prepared. I got 8 months rent on my rental units since Nov.
you gold guys got zip.
22115 views
anyname666 1 year ago
6--10-2010
it should be easier to buy gold today as it is down almost $30 over 2 days ago
This stuff is so stable. The part I like is that if you sell one ounce today you have less money than you need to buy back the same ounce. And then what do you have ? an ounce of gold. If you wait for 10 years to sell your once ounce of gold you will have just less then you need to buy one ounce of gold. And no dividends during the 10 years..Ho Hum
anyname666 1 year ago
oooops 6-4-10 gold up but below its high
anyname666 1 year ago
Wow gold down $33 in as many minutes today (5-19-10. )
Gold back to where it was Nov. 4th 2009 half a year ago
The dollar at a 4 year high.
What happened
21,696 views
anyname666 1 year ago
let's -- you and me banter a little about gold vs real investments off line
I will send you a message
I'm sure you get lots of them so look for it.
anyname666 1 year ago
Does not matter what the illusion is. All commodities r illusions. They r governed solely by demand & if the demand is only a self fulfilled prophecy than it in itself is an illusion. As long as the chicken littles do not run around enough to convince the rest of the geese that the sky is falling then everything will be cop esthetic. The Dollar depreciates every year by inflation. DUH!
A house 50 years ago cost $5,000 now $500,000 so the dollar is down 99%. Get a grip & try to understand
anyname666 1 year ago
today 5-17-2010 the dollar is very strong and at a 4 year high against the Euro
hummmmmmmmmmmmm
views 21656
anyname666 1 year ago 14
@anyname666 dude, you are comparing an illusion against another illusion. Price the dollar against gold or food. its very weak.
visionvictory 1 year ago
Vision
the value of the dollar, mark, peso, ruble etc will always fall against food, any commodity, and especially Labor. Labor demands continues to push the price of all goods services & commodities through the roof.. It is not some Gov conspiracy. It is just a matter of every voters greed. Each one thinking that their sweat is worth more & more each year & their demand therefore pushes the cost of everything up. Thereby the dollar falls relative to the cost of production.
Simple.
anyname666 1 year ago
@visionvictory
Well i guess life is an illusion then because now I can get more money for my Dollar illusion when buying the Euro illusion than I have have been able to do in 4 years.
And bBTW today 6-4-10 the Dollar is at another new 4 year high against the Euro.
SO what kind of currency do you use to pay for your groceries and gas and utilities??? I use Dollars. They will not take any gold or silver.
With all the money you are making on gold you will soon beable to move to a real city.
anyname666 1 year ago
@visionvictory
So today 7-1-2010 the Gold market dropped below the close of December 1st 2009
WHAT HAPPEND - 7 months and no growth on your money. Very sad - I trully hope you guys did not get killed. and that you had stop losses in place. in the mean time over the past 7 months I have been collecting rent on my properties while their value has remained fairly constant.
Sure hope it turns around for you guys tomorrow
what a waste of time the past 7 months has been. Like starting over again
anyname666 1 year ago
@anyname666
ooops forgot to say that today 7-1-2010 the price of gold droped over $40 to below $1,200 OUCH!! (For you mathematically challenged viewers that is down over 3% in one F’ing day)!
The real estate market took a year to drop 25% but we all kept collecting rent during that year.
When the Real Estate goes bake up you guys will just have your gold and we will just have our apartment buildings but we will have all the rent from that time and our apartment buildings.
anyname666 1 year ago
@anyname666 You are correct that an ounze of gold burried only yeilds and ounze of gold when you dig it up. However, the value may have gone up or down. The problem with rent right now is that the average mortgage is higher than the average rent paid. So in this market most people who own homes and rent them out are loosing money. Right now it would definetly be better to have burried gold compared to a mortgage. This will change however, and then I will cash in all of my gold for a house.
LoveAllOver1 8 months ago
anyname666 7 months ago
@visionvictory 24, 484 views
So here we are at the end of the year 12-28-11
Ag is closed today at $27.17 down $3.50 for the year down so far this year 11.5%
Gold has done better up 13% for the year so far
My Real Estate has paid 24% this year.
I Bought a 1,400 sq ft house not far from u-(vision) for $27,000 and rent it out for $800
that is $9,600 per year less prop tax and insurance (pd cash so no interest)=this house grossed 35%.
You need to think about "value" vs "price
LUCK
anyname666 1 month ago
@anyname666 The dollar has never been weaker. It has never bought so little goods and services as it has right now. All of the fiat currencies return to their intrinsic value, zero or the value of the paper they are printed on. Read the founding document ot these united states of america and you'll find that the dollar isn't even money. Hmmmmmmmmmm
LoveAllOver1 8 months ago
@LoveAllOver1
Thanks for the lesson in INFLATION
the dollar almost never buys more today than it did yesterday.
As long as inflation in an on going process the dollar will be worth less and less relative to its historical value
When you buy one oz of gold or silver and put it into a tin can and bury it for 20 years and then dig it up. All you have is the the same one ounce of gold or silver and when you sell it all you can buy back is one ounce of gold or silver.
Rentals bring you rent monthly
anyname666 8 months ago
@LoveAllOver1
Actually if you look it up on any commodity site you will see that the dollar has been going up for the past 2 yeas and the business about a weak dollar is OLD NEWS
silver fell 25% in 5 days last week. It took the housing market 3 years to fall 25%
Hope you were not heavy into Silver the past 2 weeks
anyname666 8 months ago
This has been flagged as spam show
The only metal vital to our economy is URANIUM. The dollar has always been back by our military superiority . If we happen to need some particular resource, we simply and brutally take it. If the US really wants to increase silver reserves, INVADE MEXICO! Want more maple syrup? INVADE CANADA! lol
I feel sorry for all you silver bugs out there. Hordin' all them shiny bars, waiting for the dollars collapse. It's not going to happen in your lifetime buddy!
AlamoCityCello 1 year ago
I have been saying what You are saying since 1962. I have alienate most of my friends and family . You cannot win. the rat race is over.
the rats have won. BUT i did not have Youtube.
allentazwell 2 years ago
I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit.We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.
- Woodrow Wilson 1919
mrmoonshadow 2 years ago
didn't you say in one of your videos published 18 months before this one, that the dollar is gonna collapse in 12 to 18 months?
well, better luck with this prediction. :)
teremor 2 years ago
Cash for Gold commercial. Turn in your gold for worthless bank receipts, while they stock up on gold bullion.
farrazano 2 years ago
Eldhart 1 of 2
My son and I play a game called `what if a big monster came down. . `
In the game you can suggest anything you want ~ it never has anything to do with reality.
SO anyone with charts can look back & say that they WOULD have bought low & that they WOULD have sold high and IF they did they would have made lots of money. For every seller there has to be a buyer. If u sell yours at the top it means someone else bought at the top. If u bought at the bottom someone sold at the bottom
anyname666 2 years ago
2 of 2
The question is DID U buy at the bottom and sell at the top. NOPE u just talk talk talk like some kind of pipe dream. `well I know this guy blah blah` Oh yeah I was gonna do it but blah blah
For every transaction there is a buyer and seller. So only half make the right decision
Of hose that wait to see what happens half are sorry and half are happy.
Pay off your credit cards and make 22% pay off your house so that you can be secure in your old age. Don`t gamble your saving away.
anyname666 2 years ago
Well here it is noon Monday Dec 21st & GOLD is at $1,090 down $130 in less than 3 weeks.
That`s like almost 11% WOW Wee
Mommy I want some for Christmas! !
So if inflation has been around 3% that will take almost 4 years of that good old standard GOLD PROTECTION out of any equation.. I mean IF INFLATION is as high as 3% then 3 times 4 = 12%
BUT GOLD WENT THE WRONG DIRECTION. YIKES!
But think of it like this If u bought on Jan 21 1980 at $850 then u r still up $240 (28%) in 29 years! !
anyname666 2 years ago
well here we are December 20 and the US dollar has lowed and rallied from Dec 1st, a low we probably wont go back to but Its major low is July 08 so the dollar has been stronger since July 08.
As a currency trader i saw the dollar crushing in 2003 and 2004 and no one really cared. now we have lowed and people talk about it crashing. Doods!!! hello!! were going up
bootleg909 2 years ago
Pretend Dad has $90K in 1975 & buys 280 oz of Gold & an 8 unit apartment in Long Beach CA. A few years later the gold spikes for a week at $900 the apartment is up to $70,000 & he has collected 24 months in rent. 1987 comes along & gold has dropped to $300 & the apartment to $55K. But he has collected 144 month in rent. @ 1% per month of the value of the building. In 1999 u sell the gold at 360 & u sell the apartment building $300,000 +288 months in rent. Gold = $100,800 Apartment = $1,164,000
anyname666 2 years ago
Umm and when the dollar disapeats so doest to dollar bound dept.. RIGTH??
Yikes!! :) :)
Blobblogger 2 years ago
WARNING
Any time you buy gold, hold it a while and then sell the gold you lose ending up with less than when you bought it. You have to pay a commission coming and going. And when you finally sell you do not have enough money to buy the same gold back you just sold.
You can not eat your gold, all you can do is to trade it for paper money or other commodities. You do not GAIN from possessing gold. The only thing that accumulates when you have gold is a bunch of uninformed new friends
anyname666 2 years ago
thats a good one. one thing there is not a shortage of, here on you tube, is a bunch of il informed friends.
Maybe gold and silver will this time be the first commodity not to go throught a boom bust cycle. just remember the bust cycle is when it is so low people think it cannot reach new highs again.
bootleg909 2 years ago
Well Gold did just the opposite on January 21 1980. It hit $850 and the bids were all at $900 but there was a lid on Gold Movement of $50 per day so there was no more trading that day but it would have gone to $900
It fell off and never made it back to $900 again until this last year. WOW 29 years with only negative movement. GIVE SOME OF THAT SIR Please can I have another! ! !
Gold is supposed to be the place to put your money when you are afraid of inflation. But for 28 years gold failed
anyname666 2 years ago
Russia has defaulted on debt before, china has their own inflation issues that they're covering up, and india has taken drastic measures to bolster exports. If the dollar is going to collapse, it will be via a 30-40% unemployment rate.
amotisi8859 2 years ago
I just found an article about GOLD in Jan. 2009 National Geographic
What do u know they have a graph on gold adjusted for inflation dating back to 1717 when Sir Isaac Newton first established the Gold standard! ! ! Yep can u believe it? Someone actually researched all that stuff instead of just talking like a big shot.
It turns out that if you bought GOLD in 1717 & had your family hold it u would have lost against inflation every year until 1980. & Still not keeping up with inflation.
anyname666 2 years ago
Cheers to the conspiracy theory nuts out there!
Suckers.....
ejjm1 2 years ago 3
The US has no intention of paying back anything. It's just living it up and timing default with the oil crash that will devalue everything.
Dummies.
SeanMcHugh02 2 years ago
You fucking rock brother!!!
polylingue 2 years ago
In 1980 I had my choice to buy an 8 plex for $46,000 or buy 115 oz of gold. Today in this market the same 8 plex is worth $800,000 or 800 oz of gold. Further, today it brings in $8,000 per month income. I have received 29 years or 348 months in rent. The equivalent of $2,784,000 for which I could have purchased another 2,784 oz of gold. In the beginning I only made about $600 per month rent but with time the rents increased to 8k. But gold just peculated around $400. THIS IS NOT ROCKET SCIENCE.
anyname666 2 years ago
In terms of real value, that means nothing, and if anything is a fine example of how devalued our money has become. Real estate, stocks, entertainment, and the bullshit consumer based economy in this country HAVE NO REAL VALUE. In Weimar Germany, food and other essential items were worth 100 times more than housing....and what did you need to get food.....gold and silver.
amotisi8859 2 years ago
What is wrong with u guys who try to put war time Germany into any equation. There was hyper inflation in Germany because that idiot Hitler literally just printed money until it went from 5 marks per Dollar to 500,000,000 marks per dollar. It took 100,000,000 marks just to buy a loaf of bread. This is not a good example of why to buy Gold or Silver. Gold has lost against inflation since the year 1717. If u only have a few buck fine buy a piece of silver. But don`t invest your life savings
anyname666 2 years ago
wrong again. the inflation in wiemar gave rise to hitler because it got so bad. your 1717 example is counterproductive to your whole point. gold retaining its value since then says alot, seeing that since 1717 there's been a reveloution, civil war, and 6 major wars. Property and paper money are controlled by the FED and goverment, so really, buy gold, preserve savings, and live well below your means.
amotisi8859 2 years ago
If you reread my comment you will see I said WAR TIME Germany not Weimer. Further I spoke of printing money (unchecked expansion of the money supply) all that leading to HYPERinflation.
In the year 1717 the first gold standard was set in Italy and if you take a look at the stats & graph you will see that gold has lost in a steady DECLINE against inflation until just 20 years ago.
I DO AGREE that everyone should live within their means. Outside those bounds is where the trouble lies.
anyname666 2 years ago
And what's occured in the past 20 years?
Rapid deindustrialization, bailout after bailout....(begin with LTCM in '98), and much bigger goverment.
How can you argue that a country with these three things will in time have a national currency that competes with gold?
amotisi8859 2 years ago
HEY knucklehead
I never said that the Dollar should ever try to compete with Gold, Silver, Used autos, or little green men
The only reason I have splattered this site with comments is to say that YOU should not INVEST in gold as that is a waste of time. U should not PARK your money in gold as u will lose value. Not as much as if u park it in dollars but still u lose
If u reread all my comments u will see that I advocate rental real estate as an investment which beats the C R A P out of gold`
anyname666 2 years ago
Wrong for a third or fourth time. Even if you want to say gold offers no growth, you still look like a horses ass, as gold has more than tripled since 1999, while on the other hand, real estate declined and collapsed in 07ish. 1980 was also a peak year for gold, and makes your absurd reasoning look even worse. And you can bullshit with your rental property, but everybody knows who owns your property in this country....just stop paying your real estate taxes on it and see who owns it.
amotisi8859 2 years ago
Hey blockhead
Gold peaked in 1980 at about $900 29 mother F ing years ago. Dude what is wrong with you. Today 29 years later it closed on Friday at $1,124 up $224 thats up almost 24%. Heeee Haaaw !!! less than 1% a year for 30 years. WOW give me some of that. I could have bought 60 oz of gold or one 8 unit apartment building in 1980. Today in this down market the 8 unit is worth $800,000 & the gold only $66,000. Plus I collected rents for 350 months heeeee haaaaw hoo hoo hoo
ROTFLMAO & KMF
anyname666 2 years ago
anyname666: The value of gold goes up and down. My father bought gold at $160 an ounce in the late 70's and just a few years later it went up to over $800 ($900 according to you). It later dropped back down, and I only got about $360 for it in the late 90's. Just like stocks, when you buy and sell it is what determines how good of an investment it is.
Elhardt 2 years ago
Elhardt
Pretend Dad has $90K in 1975 & buys 280 oz of Gold & an 8 unit apartment in Long Beach CA. A few years later the gold spikes for a day at $900 the apartment is up to $70,000 & he has collected 24 months in rent. 1987 comes along & gold has dropped to $300 & the apartment to $55K. But he has collected 144 month in rent. @ 1% per month of the value of the building. In 1999 u sell the gold at 360 & the apartment building $300,000 +288 months in rent. Gold =$100,800 Apartment = $1,164,000
anyname666 2 years ago
anyname666: I understand you can spin it whatever way you want based on when you buy/sell. I could say that dad buys at $160 then sells at $900 a few years later. That's a 562% in value. He could then buy gold again when it's $300 and sell it at $1100, up by 366%. When his money isn't invested in gold, it's gaining interest, or maybe he buys a bigger apartment after his first gold investment. Don't need to pay property tax on gold, and rent is taxed as income, so your numbers are a little off.
Elhardt 2 years ago
anyname666: I should also point out, that you're incorporating the 1970's era into your calculations where real estate had it's most major increase in value. Parents bought house for 35K in 1968, I sold it for 275K in 1989. Had I sold it about a year later, I would have gotten less than 275K because of the down market. And after these last 20 years, I'd be surprised if the house managed to even double in value, especially considering the down market now.
Elhardt 2 years ago
anyname666 2 years ago
anyname666: Funny how long this is going on. But remember again, you're showing the gold being sold after it dropped back down from a high of $900, to $382. Had the gold been sold 10 years earlier, it would have provided much more profit, and then the money from that profit is free for other investments over the next 10 years. So again, my point is that it depends at what point in history you buy and sell gold. Can't just blow off gold as being a lousy investment compared to real estate.
Elhardt 2 years ago
If the gold market shoots up it will only be a SELF FULFILLED PROPHESY! Gold has NO value except that other people seem to want it & they only want it because other people want it. Aside from electronics it is a useless worthless metal. Fine you can festoon yourself with it but that is only a matter of taste.
It is a GAMBLE I guess it will go up I guess it will go down.
Apartments on the other hand always bring in rent & never slump down more than 4 or 5 years. Gold was stagnant for 30 years
anyname666 2 years ago
@anyname666 you're right however I like the idea of doing both ... just incase we are wrong ... it's been known to happen in my decision making .... good luck
polarbeach 1 year ago
@anyname666 Well at least central banks can't print gold or silver or other metals... The point is we need a method of exchange which would fluctuate in value as little as possible.
Danotto9797 1 year ago
@Danotto9797
good idea but GOLD has been losing against inflation for almost 30 years
only in the past few years has it tried to gain back the value it lost to inflation
ave value in 1980 was $600 (for the yr, high $850-900)
a brand new Cadillac Baritz (best they made at the time) only cost $20,000
check em out today. and see if you could buy one with $20,000 worth of gold bought at $600/ oz in 1980 - it is easy. $20,000/600=33 oz of gold and today 33 oz of gold = 33 x $1,150 = $37,950
anyname666 1 year ago
If u & I have 100 oz of gold each & U keep yours & I buy an apartment unit with my gold & rent to u and u pay me 1 oz of gold each month to live in the apartment. At the end of 8 years & 6 months I will have still have my apartment & ALL OF YOUR GOLD less some taxes. I use your 100 oz of gold to buy a 2nd apartment. Since u are out of gold I evict u and start on the next 2 guys with gold. In 4years I buy a 3rd apartment. A 4th in 3years, a 5th in 2 year and so on.
GET IT Gold just sits there
anyname666 2 years ago
if the unemployment is so high that he has to live off of his gold then most likely you'll be experiencing foreclosure, losing your gold and your apartment.
MohammadX101 2 years ago
You did not GET IT Mohammad
Let me explain one more time
2 people each have $1,000,000 & the 1st guy buys $1,000,000 in gold so that he owns the gold free & clear. 2nd guy buys a $1,000,000 8 plex so that he owns the building free & clear. When they sell their investments both guys should have exactly what the investment was worth at the time sold. BUT the 2nd guy will have received RENT for the time between buying and selling. 2nd guy is ahead by the rent received. There is no foreclosure
anyname666 2 years ago
you said, "100 oz", which doesn't buy 8-plex. what everybody is saying is that the gold is an insurance against currency devaluation, not investment by itself. when economic conditions are suitable the first guy will sell some gold and invest it in other assets too. Gold buying as an investment is only discussed in the context of economic uncertainty related to the money-creation at will. in bad economic times nobody could pay you rent. rent is one of the few things that will be very cheap.
MohammadX101 2 years ago
The gold market isn't what it seems to be. I truly believe that there's going to be a run on gold. Big money is consolidating. They'll burst the gold bubble creating a run, and then buy up the market. I'm not talking about a massive dump in the price either. In this economy it wouldn't take much to cause a panic. The price will raise again and inflation will close the market. Classic takeover.
gurumagoo 2 years ago
but this is not a classic situation. the scheme was not designed to operate in a transparent manner but rather in total secrecy, deception, obscurity and in the shadows.
they're finding themselves navigating uncharted waters.
Transparency can be crucial, safe and a must, for some systems but absolutely a murder for others. :)
MohammadX101 2 years ago
read carefully
100oz of gold was for 1 APARTMENT UNIT. I said 1,000 oz of gold for an 8 plex. An 8 plex has 8 apt UNITS. 100oz of gold easily buys 1 apartment unit in Los Angeles. And buys whole houses in many areas of the USA
Every body has to live someplace. They pay a mortgage or they pay rent. If they do not pay they end up on the street. Rent skippers are with us in good & bad times. Rent is 1 oz of gold per month. In 100 months I have replaced my gold and still have the apartment. Simple
anyname666 2 years ago
X101
The fact that your guy is going to sell his gold at one point & finally invest in something else indicates that gold is not an investment at all. Gold is only an inflation free safe deposit box. It stagnates your money. There is no growth NONE, ZERO ZILCH. Apartments offer the same protection with the benefit of wonderful dividends called rent. If u buy & sell your gold enough times since there are no dividends, the commissions will eat up your principal. Gold lost over a 30 year period
anyname666 2 years ago
AAhh, it has nothing to do with 1 or 8 apartments, 100 oz or 1000 oz. the reason the first guy is keeping gold is because he believes buying 1 or 8 aprtmnt is risky at this time or near future. your scenario is true only when the economy is good. we're talking about uncertain times. when the prospects improve then the first guy will sell some gold and buys the 8 plex before you will.
MohammadX101 2 years ago
Ahhhh yourself Mohammad
Thank u for finally agreeing with me. That at some point the gold guy will sell it to buy the better investment of an income producing piece of Real Estate.
Horary for u
U finally got it
The only thing your boy has to do is GUESS when the economy is going to go sour and then quickly shift to Gold hold on for what ever he GUESSES is the right length of time and then sell the gold less the commissions and move the money into Real Estate. But he will then end up with RE
anyname666 2 years ago
TIGER,
Forgot to say that u are right! Gold does have a different purpose than apartments or commodities like food. It is only used for conducting electricity, festoonery, some exotic medications & sometimes parallels inflation. Other than that it is useless. Gold does store value but loses out in the long run to investments that beat inflation. If you think people will accept gold as a medium of exchange take some down to your local supermarket & see what happens. But they will take the rent
anyname666 2 years ago
ooops 24,000 months of rent
anyname666 2 years ago
hello
JohnLipscomisafraud 2 years ago
Please rethink your Freedom of Speech..."they" can make you want to shut yourself down and remain quiet.
Some truths ARE not suppose to be told. Be safe....don't be a hero leading....it's not worth your safety and wellbeing.
AccuracyMarked 2 years ago
10-11-09=9-11-01
NUM13ERZ 2 years ago
OF COURSE! That's the answer buy gold and silver... I'll bet the 1000 acres YOU should invest in that this guy's primary investment is gold and silver. You're just giving him your money. Come on guys open your eyes...
RevolutionaryWind 2 years ago
gold is at it's peak, it's a useless comodoty and everybody knows it, the people on youtube telling you to buy now are trying to promote it for their own profit.
anyone who really is afraid and really gives 2 shits about you will tell you to buy a couple acres some goats and set up a windmill or two. hyperinflation cannot occur if there is no money in the economy, when a currency is on the verge of collapse everybody has alot of money. 100k/loaf of bread and too many people with too much cash.
bigdogrex76 2 years ago
actually, there's tons of money in the economy.. all in the banks via the fed Q.E. and open window programs. There's also trillions in china, S.A., etc.. PLENTY OF DOLLARs.. just not in our hands. Those dollars will buy gold as everyone realizes our economy doesnt have much worth buying anymore.
samfarkus 2 years ago
Yes investing in GOLD is the smartest thing people did in the early 1980s when gold hit $900 an ounce and then fell to off $300 until it finally made it back to $900 in 2009 (humm! lets see that is almost 30 years). So u invest in gold for 30 years & you break even. While inflation beats the crap out of the dollar during that time. If u had bought Real Estate in 1980 today u would have 5 times your money in equity & 360 months in rent. Plus tax write offs. If times get tough u cant eat gold!
anyname666 2 years ago
It's important to bear in mind that the early 1980's were a very atypical time for gold prices. Starting any other time, gold looks much better. By comparison, gold in the mid-80's (or even later in the 90's) was less than $250, and now is four times that. Besides, many see gold as money, not an appreciable investment. As Porter Stansberry has said, 2000 years ago one ounce would buy three nice suits of clothes - same as today, & better than the performance of any paper currency in history.
Tigerpaws9097826 2 years ago
TIGERPAWS
2000 years ago u could buy 100 oz of gold or 1 apartment unit.
If you had bought gold & put it in a jar and had your decedents dig it up they could today buy one apartment unit.
BUT if you had bought 1 apartment unit 2000 years ago u & your decedents would have enjoyed 12,000 months of rent & still had the apartment unit today.
GET IT do you GET IT. Gold sits there doing NOTHING. It is worthless other than some idiots are prepared to buy it because other idiots tell them to
anyname666 2 years ago
Anyname666 - he problem with the apartment comparison is that things like food, apartments, clothing, soap, etc. have a different purpose than gold, and aren't directly comparable. You're right that the former do an excellent job of fulfilling the needs people have as they go about their lives. Gold does a much better job as a store of value and medium of exchange; it's portable, durable, and almost universally accepted, which can't be said of any of those other items.
Tigerpaws9097826 2 years ago
Anyname666 (part 2 or 2) - Anyway - own or don't own gold, as you wish. In the end, during the course of our lifetimes it's hard to predict whether the apartment owner or the renter who owns an equivalent amount of gold will do better, in terms of living a prosperous life. BTW, for what it's worth - you come across as a solid thinker, but the condescending tone is a bit of a put-off.
Tigerpaws9097826 2 years ago
TIGER
Sorry I sounded condescending
Here is the way it is
To purchase a rental the RIGHT WAY it should pay u minimum 1% per month of the purchase price. If a renter and I start with the same amount of gold
Assuming a full cash purchase & my renter paying me at least 1% per month any reasonable person can see that in just 100 months (8 years, 4 months) my renter will have used up an equivalent amount of gold paying me rent. At that moment I will have all his gold and still have my apartment.
anyname666 2 years ago
But are you taking in other factors? Inflation rates, buyers willingness and ability to pay, taxes on that apartment property. Gold is a failsafe, you're not suppose to get rich off it just protect your wealth, and I would think that one would at least have a place of living before they ran out and bought a shit load of gold.
Spazzfrom1989 2 years ago
This is not rocket science. The only wealth you can protect is that in the gold itself. & when u sell the gold u have just what u had before, enough to buy the same gold. With the following horrible exception, which you pointed out, when you make a profit on the gold u have to pay taxes to the state and feds. The end result is that you can never beat inflation with gold. U will always be behind because, Inflation & Gold doubles, less taxes. U end up with less relative principle than you started
anyname666 2 years ago
well said anyname666...
real estate is a far better option (buy low) - gold is a bubble.
zeusvalentine 2 years ago
It's time to increase taxes on the rich. :)
Antiks72 2 years ago
Dood, back up.
Are you trying to kiss me???
PhuckYoui 2 years ago
Obama is a Monster!
homertalk 2 years ago 3
I thought he was a nigger?
Antiks72 2 years ago
indeed a greater time is near...
danielteale7 2 years ago
The 30th is the magic date. Thats the end of the fiscal year... Thats when the banks are going to charge you for every bit of debt you have. You need to secure your funds. Listen to this guy! He knows what he is talking about.
oohjames89 2 years ago 2
What you say about jobs is true. People can't find jobs because there's no demand for labor or anything else out of this country.
TheChineseEmpire 2 years ago
The US government doesn't seem to be functioning or rather what they are doing is against the people. I have no idea what this administration is trying to accomplish.
TheChineseEmpire 2 years ago
NO IDIOT THE FEDERALGOVERMENT DONT BORROW OR EXPEND ANYTHING,THE FEEDS EXPEND U MONEY AND BORROW U MONEY, THE FEDS DONT HAVE SHIT, U R FORCED TO SUPORT THEM THROUG TAXES , stop saying that the gov expend so much on this and that they dont spend shit,they play w u sorry bodIes and take u money a way tHroug laws reGulations taxes permits and bull.,but they dont have nothing they have u money thas it, so dont pay no more taxes then U DONT HAVE A GOV THAT EXPEND U MONEY ANY MORE,u will have freedom
asmetuyasiempre 2 years ago
The end is near...
verso2012 2 years ago 4
The fedgov-fedrsrv will print and spend until they crash, and they'll use false-flag politics until that happens.
Regardless of the financial and political equations involved, the people's life and property have genuine value, but the federal reserve note is a bogus currency which can no longer be manipulated by the world markets.
All 50 state governors must compel the U.S. Congress to reveal the subject matter of their closed-door session on March 2008.
Wake up. America!
esgatch 2 years ago 5
This collapse was planned long ago. Keep your eyes on the UN ,BIS and IMF.
thioctic 2 years ago 6
@thioctic
Yes the collapse was planned a long time ago
It started with Lincoln, He fought to free the slaves and then shortly thereafter along comes welfare and medicade. Soon followed food stamps, housing assistance and affirmative action The conspiracy was to slowly suck the life out of the energetic ambitious entrepreneurs while being sinister enough to leave them sufficient funds to just keep the doors open. How much do U think that all adds to devaluing the buck
anyname666 1 year ago
This comment has received too many negative votes show
go play W.O.W. douchebag. U don't know Jack shit. U suck at life.
TaTaTaTaTodayJr 2 years ago
This comment has received too many negative votes show
My life would look exactly as it does now, asshole.
ioport 2 years ago
It's sad that this is the case, but the entire monetary economy (not just the US dollar) is reaching its theoretical limits of expansion. The methods by which money is created are inherently unsustainable. All currencies will ultimately end up doing the same thing the dollar is doing. For more information, watch "Zeitgeist: Addendum" (on YouTube). It offers a great alternative to monetary economics.
ejohnp90 2 years ago
Has a point just not a valid one.
rufiosim 2 years ago
This comment has received too many negative votes show
Simply not true , pal
sjcpal 2 years ago
This comment has received too many negative votes show
The U.S. still has very advanced technology and industry. The U.S. still leads in military technology. The U.S. sells, tanks, helicopters, gunships, aircraft, optics, electronics, avionics, radars, hummers, missiles, laser guided bombs, etc to many nations. The U.S. exports a lot of pharms, and medical equipment to many nations. The exports a lot of resources. Many people will suffer, but the whole economy will not collapse. The value of the dollar can go down to 10 cents per dollar.
He101A 2 years ago
This collapse is a plan not circumstance.
thioctic 2 years ago 5
Well Done
Lockemeister 2 years ago 2
Thanks. 11,143
bongojim420 2 years ago
china tire trade dispute is "contained".
gee, that sounds familiar. this isn't about tires
its about jobs. jobs in a hot, steamy, smelly,
dangerous, tire plant. we are in big trouble.
nage4614 2 years ago
so, let me get this straight. the smart ones stopped paying their bills years ago. they been living free and easy, vacations, travel, good times and they been doing this for yrs. now, all they
do is go bankrupt and start over. gee, why did'nt
i think of that, wish i had. At least they lived big
for 10 yrs or so, and what a good time they had.
houses, women, cars, booze, heck even
charitable donations, what a good life.
nage4614 2 years ago
I bet you think that terrorism is important - it's not. We should end our wars and accept the fact that terrorism happens. We can save $1.2 trillion - Bush's part is already $4 trillion. 9/11 sucked, but we don't spend 5.2 trillion over 10 years on police and more people get murdered by Americans than by al Qaeda.
JUSTBAKERS135 2 years ago 6
911 was a farce. All the evidence is there, just look at the pentagon pictures. No titanium engines anywhere. Bush's grandfather funded the nazis before the us was in ww2. I don't know about you but I am a lot like my grandfather. look up violence on wikipedia and you will see war is nothing new and people in power usually become destructive. There is a form of violence where an person is made dependent on something given to them and it is taken away.
vanhalenps4 2 years ago
What? 9/11 was clearly done by the Saudis, we all know that. Quit being crazy thinking it was some kind of "inside job", that's simply insane... only people that are poorly educated would make something like that up. Sure, violence will always be around, and you are just now finding this out? I guess that proves my point.
Tnoy34rt 2 years ago
Yes, thank you Tnoy34rt(what is the symbolism?). the "poorly educated" could make such a thing up, or someone would make it up for them. The "insane" may think they are safe while they are vulnerable. You however, seem to be very arrogent and ignorant. We all know that. Violence has many forms and they are not all physical assault. Haven't you figured that one out?
I don't trust your explaination of 9/11, as the "Saudis" had no part in it. Good day sir.
vanhalenps4 2 years ago 4
then why were most of the people involved saudis? why was a very wealthy man named osama bin laden behind it... he's a saudi, correct?
google: bin laden group
what do you find?
see, osama is from one of the largest construction families in the world, he knew those floors would pancake... nuff said.
Tnoy34rt 2 years ago
ok, it's this or another Great Depression.
carnage958 2 years ago 3
watch?v=Mf2dn3_VZlk
visionvictory 2 years ago
Well, bin Laden released another anti western tirade! Lol. I wonder if they'll release another computer generated animation of him next?! BOO!
Don't forget, folks, if you disagree with the MSM/govt. you are a kool aid drinking, conspiracy nut! Now go out and buy some plastic crap from China before the trade war starts! Don't worry, the economy has recovered. It is a JOBLESS RECOVERY! THE BANKS ARE OK, SCREAM THE MSM!!! IT IS A RECOVERYLESS RECOVERY....
coultrane 2 years ago
Must be a moneyles recovery too cause I'm not seeing any of it (no raise, higher taxes. etc.)
Trazom24 2 years ago
China to Probe Alleged Dumping of U.S. Products
China announced a probe into the alleged dumping of American auto and chicken products, two days after U.S. President Barack Obama imposed tariffs on imports of tires from the Asian nation.
Chinese industries have complained that theyre being hurt by unfair trade practices,
Fine. How about an America First policy.
coultrane 2 years ago
Should make for an interesting week.
visionvictory 2 years ago
Thanks for the promo code for apmex. I get all my silver from them.can you use it more than once?? Great video!
Johnnybluejohn 2 years ago
I just found out its a one time deal but will talk to apmex this week to see if we can change that.
visionvictory 2 years ago
Do you know if it will also apply walk in over the counter orders?
jc7622 2 years ago
I was not able to use more than once.
buzzz121 2 years ago
I was addressing hardassets2012 in my last post.
GanjaZombi2 2 years ago
Economist, Stiglitz considers banking crisis and economy now even worse than situation leading up to Lehman's crash:
bloomberg. com/apps/news?pid=20601103&sid=aYdgQkXu9eBg
coultrane 2 years ago
If the dollar collapsed to nothing then we will go to an economy of trading for goods. Even though gold and silver are precious metals who would trade goods for something that will just set there? You can't eat metal, and you can't drink them. The things of value would be food, guns, ammo, and clothing. Then the work you do will have value as well depending on what you do.
Halo2100 2 years ago
You can't drink gas or eat nails either. Gold and silver won't just "sit there." It will move as a valuable form of payment for good goods or services.
coultrane 2 years ago
If the dollar collapsed completely no one would work, unless it was for goods. That will set a motion of mass poverty and crime. There would be a lot less food cause no one would work. Would you trade your food for a piece of gold not knowing when the next time you'll be able to find food? No, you'll trade for something that you'll need or use. If you had a man do work for you and he turns down your gold saying he needs food for his wife & kids what are you going to do?
Halo2100 2 years ago
If you try to pay silver to a farmer for food and he tells you that he needs work done and not silver then do you look elsewhere for food?
Halo2100 2 years ago
Then pay someone who can do the work for the farmer in whatever currency is most desired. Gold and silver should exist in conjunction with food/tools/etc. When this whole thing goes down, there will be people who are self-sufficient and have enough food/staples. Guess what form of payment they will prefer to trade in? Land is another biggie.
Trazom24 2 years ago
Take your gold and get out of the country, or at least go to rural area and try to join a community of people who can live off the land.
buzzz121 2 years ago
This man is right on the mark. He's a straight shooter regarding the economy.
I re-entered the job market in 1994 and it was slipping, but at least I could get a 40 hr week. By 2000, I was lucky to find a 20 hr week job and finally by 2006, it was 12 to 16 hr week job. I know "discouraged workers" "laid-off" "underemployed", "furloughed" & being forced to retire people. It's getting worse. Beware - the bigger the gov't, the smaller the individual. That's been the plan all along.
Videobarbs 2 years ago
This has been flagged as spam show
ENRON All Investigation Files Were In WTC7, ALL Files Destroyed.
ENRON Investigation Cancelled!! SEC in WTC7?
You DO Remember ENRON??
ENRON? WORLDCOM? $70 Billion Fraud California?
The Missing Pentagon TRILLIONS Prior to 911?
Trillions Missing from the Pentagon?
The Pentagon Missing TRILLIONS Prior to 911?
Rumsfeld? Pentagon? Missing Trillions? Prior to 911?
Missing Trillions? ENRON? WTC7? WORLDCOM?
$70 Billion Fraud California? Security Exchange Commission?
PikeSdream 2 years ago
Get out of the dollar by Oct 25th. Dow will fall from 9500 to 4750 very quickly. Dollar based on the basket of currencies is currently at 70. It will drop to 40 late Oct into Nov.
Call me and save your wealth while you can. You'll regret it if you don't buy silver NOW!!!!
5 weeks left!!!!!!
hardassets2012 2 years ago
Where will you be in 5 weeks if your prediction does not manifest into reality?
GanjaZombi2 2 years ago
great vid
Zarinaofhope 2 years ago
Shall we start to play Taps now or later? lol
rad4life1 2 years ago
Obama is proving to be a knavish fiend, his administration is a never-ending symphony of villainy and infamy,
duplicity, deceit and subterfuge. Obama and his clan of cohorts are ignominious parasites hungrily suckling at the breasts of the American people.
GanjaZombi2 2 years ago
Stimulus boosted jobs by 1 million - White House
The nation's economy started to turn around after the passage of President Obama's $787 billion stimulus package in February, his chief economic adviser said Thursday.
Fake
coultrane 2 years ago
You and Peter Schiff are saying the same things and I believe you are both right. Demcad gave you a big shout-out in one of his live blogs. You're the gold standard (no pun intended, seriously) of info. about the real future of our economy. Thanks.
doctorjn 2 years ago
This is one of your best videos yet! THANKS!
BassmasterBling 2 years ago
Your keen insight and discernment are appreciated. Keep up the good work.
dclarkconsulting 2 years ago
how bout some out side interviews
folks in their home 18 mos--no pay mortgage
folks drawing unemployment-while have cash job
folks that hide their ride every nite
folks that can't open bank account-seizure
folks so far behind on student loans
nage4614 2 years ago
I believe what you are saying but gold and silver are at very high levels. I looked at the charts and there is plenty of room for them to fall.
lighthammar 2 years ago
When the Dow eclipsed the 1,000 level for the 1st time, it was an all-time high. How many people bet it would fall back? They would have lost everything as the Dow never looked back.
Trazom24 2 years ago
people that are saying why do you seem pist off -- you do not realize whats happening the government is destroying the dollar- you should get pist too.... this guy is doing good a true Patriot
popomp1 2 years ago
I find it funny when someone says that gold or silver will save you because: If the economy takes a serious hit a majority of gold and silver holders will jump at the opportunity to sell their gold. ONce this huge influx of gold and silver is dumped on the market the price of both will drop overnight. Then your gold and silver will be worth nothing. think: Most americans are short term investors....
jmbrewr 2 years ago
Don't lighten up on your economic commentaries. Just keep broadcasting the facts about how things really are. I am not here for any Pollyanna type of news. I think you are realistic in your vision of things to come.
stagflation2010 2 years ago
dude, vision, I think you need to lighten up on th economic commentary. You seem to be getting more and more pissed off over the last few months.
philolson321 2 years ago
There is plenty to be pissed about. How would it improve ANYTHING to do what the media does and focus less on reality?
pshinspections 2 years ago
dude have some kool aid take your pic bernanke or obama flavored
jstets1978 2 years ago
I think your missing the big picture here. The reason they call it a jobless recovery is because the wealth of this nation is Global and is not held within the boundaries of our own country. You can see this effects on Wall St.
The problem, as I see it, is that a large amount of the wealth accumulated abroad, is not being taxed but sheltered off shore. And what's even more alarming is that this money is used to increase holdings abroad, not in the US.
Boomer1949 2 years ago
Oh, and whoever said this guy looks like "50" years old is stupid. He can't be more than his early thirties or something like that.
iloveterriers 2 years ago
This is one of your greatest vids VV
netmasta10bt 2 years ago
The best video on the economy I've seen all day or even the past few days. Good job.
iloveterriers 2 years ago
wow, thanks :)
visionvictory 2 years ago
At this point, it is no longer a question of outcomes. It is only a matter of details and timing. Expect another Black Monday, Tuesday Wednesday, etc, in the middle or end of October. Stock up on the beans, bullets and band-aids...
...and get to know your local survivalist. Good vid, V.V. (Yer just a kid, btw. One of these days, you'll make a good old-timer. [Bein' old ain't fer sissies.] )
wrb1957 2 years ago
:) thx for the comments
visionvictory 2 years ago