gold is only worth what it will buy you. You cant use gold to buy food at the supermarket, it wont put food on the table, u cant use it to buy gas, u cant use it to buy stuff off the internet. Greenbacks will buy all of that. Gold isnt a measure of wealth. Food and shelter is.
I know a website that offers a secret code that produces 90% success ratio on gold trading. Go check them out, just google Gold Trading Academy and make as much money as you want.
This vid is filled with confirmation bias and fail. YOU DO NOT UNDERSTAND ECONOMICS.
In 1971 (and actually well before that) The US dollar could no longer cover the cost of gold, so other countries where selling high on the dollar and cashing in (this is what caused the German deutche mark to sky-rocket in value during the same period). US currency was taken off the gold standard because, simply, it wasn't as good as gold anymore.
All currency derives value from TRUST, and US had lost it
Gold was over $1600 an ounce today, In my opinion gold & silver alone are not the answer, The metal its self is almost useless and only 1% of assets are in gold. Only 5000 square meters have ever been taken from the ground, ITS JUST SHINY
CHURCHES and bibles BURNED and OUTLAWED, THREE years of PEACE then last THREE OF apocalipse, WW3, THE BIG EARTHQUAKE, METEOR hits OCEAN islands disappear, NO FOOD, NO WATER, CHAOS. RICH PEOPLE will CRY as money is seen in the streets LIKE garbage without value, GOLD AND SILVER useless AS NO ONE WILL buy without THE lithium cancer causing microchip. ALL BIBLICAL.
Anytime you pass a law saying something is to be money it is fiat. Weather it's coconuts, gold, ect. Our paper money is just legal tender. The true fiat currency is bank credit, which is what we use for money. Check out the thebyrondalechannel for a better understanding, if you dare muh aha ha haha
Hey guys. If you're watching this video you're obviously interested in generated great wealth. Well, as I'm sure you know, you must be very careful who you choose to place your trust in, as scams are everywhere. If you'd like to know how I only work for just over one hour and day while securing my financial success for life, please feel free to visit my page. Thanks for your time.
uh, yeah, the pic of the bare ass made me doubt the guy who made the video, I thought for a second ... is this a joke? But there was some good info in there.
also, for smaller change, copper pennies 1982 and previous 95% copper, now they're copper plated zinc.So approximately 1.30$ in old pennies equals a pound of copper, which at current scrap prices is about 2:50$-2:65$ a pound for number 2 copper. Yes I look at my change!!Quarters and pennies..I'm not sure of dimes and nickels though, anyone got that info??
So your saying that the Fed somehow magically has the ability to control the value of gold on a global scale. Gold fluctuates on almost the exact same rates against EVERY countries currency. gold has ONE value world wide. But that value is in no way stable, it's actually more eradic than the current rates of in flation and the value of gold has been dropping faster than the value of the dollar.
uh, the fed isnt controlling gold's value...its being manipulated by the rich (the elite, the real rulers) so it can be bought up for cheap...gold should be $1500, silver $50....not to mention they dont want the public owning precious metals(real money)...all money is controlled,but how long we dont know
Right on the money with this one(Lol) I agree and support your cause 100%. I would like to mention also that silver is another precious metal that has great potential for substantial increase. Based upon the historical average of 15 to 1 you can actually make more of a profit when commodities return to there intrinsic value. Its vital to do your research. Keep up the good work.
i am not arguing for the dollar. the dollar is crap and is going down in the long term. the only difference between a $100 and $1 is the ink on it. i already own physical gold/silver bullion. i would like to trade in gold and want to know if $880 is justified when miners can produce the same for $350 (not he juniors). i am trying to understand if i buy gold @880, how low can it go.
The historical average of gold is less than 375. Don't listen to the "BUY GOLD NOW" "IT WILL ONLY GO HIGHER" advertisements. The fact is they are trying to sell there gold now before the bubble pops and they lose their investment opportuinity. If you look at gold history in the last 40 years, gold soars to record heights and then it drops like a rock loosing half or more of it's value. Buy gold low, after the bubble pops.
yes, but when adjusted to inflation, gold should be around $2500 per ounce.
The market is 100% manipulated by the fed reserve and our government. They are trying to "ease" the recessions thru manipulation and sudden increases in the money supply.
We are a nation of credit. We buy instead of sell, mostly with money we borrow.
In the end, our currency will be worth nothing. For now and for the next 5-10 years, your money should not be in USD.
"but when adjusted to inflation, gold should be around $2500 per ounce" And whats your reasoning for that estimate, simply because you say so. what are your sources. Gold fluctuates at nearly the EXACT SAME rates against EVRY countries currency. IF inflation was related to the value of gold than the fluctuation rates would be EMMENSLEY different for gold in every single country that used a different currency.
sorry! one more thing and I'll go away. Right now gold is about 930 USD an ounce. convert this over to Euro's and it's about 593 an ounce. Which is also the current value of gold in Europe. Conclusion - gold has ONE world wide flucuating value that is unrelated to inflation.
all valid points. I incorrectly stated the inflation part. Good catch. I meant to say when going to back 20 years ago in terms of USD. It's what happens when you make comments late at night and don't proof read. I was thinking on thing and said something totally different.
Completely understandable! My position is simply that Gold Doesn't have a solid unwavering intrinsic value. And a gold standard would only work if the entire world were on one. Otherwise you run into the problem of different fluctuation rates in both gold and inflation, wich could make one countries currency worthless realy fast should the gold bubble pop. Also there isn't enough gold in the world to back up every countries currency. Just something to think about!
Exactly what Joe-6-Pack NEEDS...SHORT, To the POINT and used VERY SPECIFIC REAL WORLD EXAMPLES (like the Quarter/Gal. Gas)
one small error though. The United States has never really been on a "Gold Standard" rather we have ALWAYS been on a "Silver Standard" (with a Gold Bi-metalic)
The REAL Constitutional US Dollar IS and ALWAYS HAS BEEN .73 ounces of Fine silver (thats been the LAW since the Coin act of 1792and IS STILL THE LAW)
I really like this video. It's quite accurate. It's such a shame that nearly every politician currently in office knows nothing of how the economy actually works, and those that do don't care...
This has been flagged as spam show
gold is only worth what it will buy you. You cant use gold to buy food at the supermarket, it wont put food on the table, u cant use it to buy gas, u cant use it to buy stuff off the internet. Greenbacks will buy all of that. Gold isnt a measure of wealth. Food and shelter is.
KripDrip 3 months ago
I know a website that offers a secret code that produces 90% success ratio on gold trading. Go check them out, just google Gold Trading Academy and make as much money as you want.
THERollyboy123 3 months ago
whats funny shit is this video still is not past 10k views,,, corrupt youtube go fuck yourself.
TheTrueJBV3737 5 months ago
This vid is filled with confirmation bias and fail. YOU DO NOT UNDERSTAND ECONOMICS.
In 1971 (and actually well before that) The US dollar could no longer cover the cost of gold, so other countries where selling high on the dollar and cashing in (this is what caused the German deutche mark to sky-rocket in value during the same period). US currency was taken off the gold standard because, simply, it wasn't as good as gold anymore.
All currency derives value from TRUST, and US had lost it
eleutheromaniac 5 months ago
Gold was over $1600 an ounce today, In my opinion gold & silver alone are not the answer, The metal its self is almost useless and only 1% of assets are in gold. Only 5000 square meters have ever been taken from the ground, ITS JUST SHINY
Ashley4117 5 months ago
fff
MrVertutu 7 months ago
CHURCHES and bibles BURNED and OUTLAWED, THREE years of PEACE then last THREE OF apocalipse, WW3, THE BIG EARTHQUAKE, METEOR hits OCEAN islands disappear, NO FOOD, NO WATER, CHAOS. RICH PEOPLE will CRY as money is seen in the streets LIKE garbage without value, GOLD AND SILVER useless AS NO ONE WILL buy without THE lithium cancer causing microchip. ALL BIBLICAL.
btim49 1 year ago
As your dollar is reducing it is important that you don't just invest in money.
You must invest in other forms eg property, stocks etc
KieBlake 1 year ago
you lost me around 3 minutes in for some reason.
rageohol 2 years ago
what is the name of the sound in the background??????
khanvx 2 years ago
@khanvx Theme music from the movie: The last of the Mohicans.
ktn36 1 year ago
Really helpful never knew that the inflation is that high !!
BornSpektator 2 years ago
probably one of the best short description of whats going on
fox20012 2 years ago
Great Video!
gruppenfuhrer0 2 years ago
No where in the constitution does it say that gold and silver are to be our money. Pffff.. What a bunch of bullshoot.
tomozope 2 years ago
Is Fiet money against the constitution??
fox20012 2 years ago
Anytime you pass a law saying something is to be money it is fiat. Weather it's coconuts, gold, ect. Our paper money is just legal tender. The true fiat currency is bank credit, which is what we use for money. Check out the thebyrondalechannel for a better understanding, if you dare muh aha ha haha
tomozope 2 years ago
sry lol i just read my comment it resembles nothing i wanted to say, i think i was tired
i meant does the constitution allow Fiet currencies at all? or does it specifically say u can only have sound currencies like gold and silver?
fox20012 2 years ago
good that there is more than one up so more people know about it.
Fluffie14 3 years ago
Stolen vid.
stopstopp 3 years ago
I asked therealweeklynews before I upped it ;)
We are just trying to reach as many as possible
VFLOH 2 years ago
oh, my post has no meaning then.
stopstopp 2 years ago
This has been flagged as spam show
Hey guys. If you're watching this video you're obviously interested in generated great wealth. Well, as I'm sure you know, you must be very careful who you choose to place your trust in, as scams are everywhere. If you'd like to know how I only work for just over one hour and day while securing my financial success for life, please feel free to visit my page. Thanks for your time.
GDIanthonydavies 3 years ago
Constitution who the fuck reads that
aquafishsoup 3 years ago
uh, yeah, the pic of the bare ass made me doubt the guy who made the video, I thought for a second ... is this a joke? But there was some good info in there.
millionheiress311 3 years ago 2
also, for smaller change, copper pennies 1982 and previous 95% copper, now they're copper plated zinc.So approximately 1.30$ in old pennies equals a pound of copper, which at current scrap prices is about 2:50$-2:65$ a pound for number 2 copper. Yes I look at my change!!Quarters and pennies..I'm not sure of dimes and nickels though, anyone got that info??
impalapez 3 years ago
um dude this is therealweeklynews video
N2350 3 years ago
right now all I see is gold and silver manipulation and how its price is being controlled
teemu1381 3 years ago
So your saying that the Fed somehow magically has the ability to control the value of gold on a global scale. Gold fluctuates on almost the exact same rates against EVERY countries currency. gold has ONE value world wide. But that value is in no way stable, it's actually more eradic than the current rates of in flation and the value of gold has been dropping faster than the value of the dollar.
thebluemaggot 3 years ago
uh, the fed isnt controlling gold's value...its being manipulated by the rich (the elite, the real rulers) so it can be bought up for cheap...gold should be $1500, silver $50....not to mention they dont want the public owning precious metals(real money)...all money is controlled,but how long we dont know
teemu1381 3 years ago
Right on the money with this one(Lol) I agree and support your cause 100%. I would like to mention also that silver is another precious metal that has great potential for substantial increase. Based upon the historical average of 15 to 1 you can actually make more of a profit when commodities return to there intrinsic value. Its vital to do your research. Keep up the good work.
SBK
grubalcava 3 years ago
You took the source from the the realweeklynews, but it's the same thing.
JohnshiBRPG 3 years ago
God declares what money is, why don't we listen? Because man is deluded into thinking his ways are wiser - WRONG.
MannaBoBannaPeople 3 years ago
good vid bud and nice pic's oh that's a nice "CAR"
rich232399 3 years ago
how much does it take to produce 1oz?
joshrain1 3 years ago
Dollars or ENERGY ???
DOLLARCRASH1984 3 years ago
dollars, because energy should be factored in the cost of usd.
joshrain1 3 years ago
So, energy should be factored in the cost of paper and inkt created out of thin air???
DOLLARCRASH1984 3 years ago
i am not arguing for the dollar. the dollar is crap and is going down in the long term. the only difference between a $100 and $1 is the ink on it. i already own physical gold/silver bullion. i would like to trade in gold and want to know if $880 is justified when miners can produce the same for $350 (not he juniors). i am trying to understand if i buy gold @880, how low can it go.
joshrain1 3 years ago
buy gold when it hits $855.
DOLLARCRASH1984 3 years ago
The historical average of gold is less than 375. Don't listen to the "BUY GOLD NOW" "IT WILL ONLY GO HIGHER" advertisements. The fact is they are trying to sell there gold now before the bubble pops and they lose their investment opportuinity. If you look at gold history in the last 40 years, gold soars to record heights and then it drops like a rock loosing half or more of it's value. Buy gold low, after the bubble pops.
AcomsRazor1776 3 years ago
yes, but when adjusted to inflation, gold should be around $2500 per ounce.
The market is 100% manipulated by the fed reserve and our government. They are trying to "ease" the recessions thru manipulation and sudden increases in the money supply.
We are a nation of credit. We buy instead of sell, mostly with money we borrow.
In the end, our currency will be worth nothing. For now and for the next 5-10 years, your money should not be in USD.
cowboycarl04 3 years ago
"but when adjusted to inflation, gold should be around $2500 per ounce" And whats your reasoning for that estimate, simply because you say so. what are your sources. Gold fluctuates at nearly the EXACT SAME rates against EVRY countries currency. IF inflation was related to the value of gold than the fluctuation rates would be EMMENSLEY different for gold in every single country that used a different currency.
AcomsRazor1776 3 years ago
If the gold market ewas manipulated like you say than the fed somhow has the power to manipulate the value of gold on a global scale.
AcomsRazor1776 3 years ago
sorry! one more thing and I'll go away. Right now gold is about 930 USD an ounce. convert this over to Euro's and it's about 593 an ounce. Which is also the current value of gold in Europe. Conclusion - gold has ONE world wide flucuating value that is unrelated to inflation.
AcomsRazor1776 3 years ago
all valid points. I incorrectly stated the inflation part. Good catch. I meant to say when going to back 20 years ago in terms of USD. It's what happens when you make comments late at night and don't proof read. I was thinking on thing and said something totally different.
cowboycarl04 3 years ago
Completely understandable! My position is simply that Gold Doesn't have a solid unwavering intrinsic value. And a gold standard would only work if the entire world were on one. Otherwise you run into the problem of different fluctuation rates in both gold and inflation, wich could make one countries currency worthless realy fast should the gold bubble pop. Also there isn't enough gold in the world to back up every countries currency. Just something to think about!
AcomsRazor1776 3 years ago
FANTASTIC VIDEO!
Exactly what Joe-6-Pack NEEDS...SHORT, To the POINT and used VERY SPECIFIC REAL WORLD EXAMPLES (like the Quarter/Gal. Gas)
one small error though. The United States has never really been on a "Gold Standard" rather we have ALWAYS been on a "Silver Standard" (with a Gold Bi-metalic)
The REAL Constitutional US Dollar IS and ALWAYS HAS BEEN .73 ounces of Fine silver (thats been the LAW since the Coin act of 1792and IS STILL THE LAW)
KEEP THE VIDEOS COME'IN BROTHER!
Ooloosoon 3 years ago
Thank you for that info!
Learn somethimg everyday
VFLOH 3 years ago
Thanks for taking a stand!
We must not be SHEEPLE!
Carry on,
Gunny
travelinguy06 3 years ago
This is an excellent, concise video and easy to understand! Thanks for posting.
blabblab1212 3 years ago
Good and short to the point!
Skippy750 3 years ago
excellent and thorough explanation.
MMadmike 3 years ago
I really like this video. It's quite accurate. It's such a shame that nearly every politician currently in office knows nothing of how the economy actually works, and those that do don't care...
NexusVale 3 years ago
Great video dude, it nicely illustrates the inflation.
Marikawn 3 years ago
Help spread the message!
Thank you
VFLOH 3 years ago