This guy rocks - BECAUSE he openly admits his uncertainty, openly admits he cannot predict the future, but MOST of all for his calculation on the ratio of the total amount of printed money (as of November 2009) divided by the total amount of gold.
That's at least giving a somewhat CAUSAL explanation for why the price of gold may go higher, not just probabilistic.
Was the media constantly questioning if there was a housing bubble when there WAS one? How about a financial bubble in dot.com stocks when there WAS one?
But now, gold is a bubble, the media (who you can trust!!!) is warning you about the gold bubble...
The purpose of the US media is to strip you of your wealth. You're a fool to listen to them.
You are ignorant, racist and homophobic although I know you like it in the ass. You are thinking of syphilis. Herpes doesn't effect the brain slut, back to work!
Wow, your English is so bad that I can barely understand you. Don't they have dictionaries in your country? Or did you have to burn them to keep warm?
No, only you P00lman, Elmo was made in you likeness any longing I have for fuzzy hand puppets was brought on by a feverish desire to be on top of you.
I have to admit that you are a bit used up and now my eye has be wondering. You are not as tight as you used to be. But that is okay because you suck me so well.
For as much as the gold market is manipulated... no one can thwart market forces. For the last 3000 years an ounce of gold has held the same buying power. In a nominal sense the price fluctuates (how many dollars it costs), but in a value sense it still purchases the same amount of goods it always has.
For the last 3000 years an ounce of gold has purchased 350 loaves of bread. That is not likely to change no matter what the banksters do.
the value of the first US Dollar was 1/20th of the value of the price of gold and the price (value) of an ounce gold then was $20.00.. is it that way today..? what's 1/20th of $1,100..? over $50 isn't it..? is our US Dollar worth 1/20th of $1,100..? No, because we no longer have US Dollars in circulation, instead we have Federal Reserve (debtors) Notes.. am I missing somethin'..?
To be clear, you shouldn't conflate "price" and "value". When thinking of gold, "price" is how much of a currency it takes to buy gold. "Value" is what sum certain of a commodity you can exchange for that quantity of gold.
And a "Dollar" is a unit of measure. Pursuant to the Coinage Act of April 2, 1792, the standard dollar is a weight of silver equal to 371.25 grains.
a dollar is a unit of measure as is an inch is a unit of measure..? it seems to my simple brain that an inch(unit of measure) has no value except to a carpenter or one that builds things using a units of measure called inches.. a quart of OJ is a unit of measure but the OJ is what you are buying.. my pea brain tells me that a dollar may be a unit of measure but units of measure aren't used for purchases, value for value, a 2x4 12' long has value, not the inches that make it 12" long.. ???
So getting back to your original point... Gold priced at $1100 and gold priced at $35 has no effect on gold's value.
The problem with what you said, is that you used the word "value" when what you should used was the word "price".
Oil priced in Federal Reserve Notes shows an exponential curve in a chart. Oil priced in gold shows a flat line. The "flat line" reflects the trade of value for value. Whereas the FRN $1 and $100 notes have the same value... Three cents worth of paper.
thank you for educating me in this area.. my next question if you'll enduldge me.. you have a $100FRN and a pig on a table, what is worth more to you..? who determines what a man will get for his pig, the buyer, the seller or something called government.. it certainly isn't the market, is it..? one more thought, if an outside entity having nothing to do w/pigs passes laws to dictate how much will be paid for a pig, is that a Free Market..?
You make is sound like the "government" reaches into the pig transaction and willy nilly tells the farmer what he can charge for his pig. In America, this is not the case. The farmer first must be contractual entangled with the gov before the gov gets to dictate anything.
If you want to see an example of the Free Market at work, look at the marijuana trade. Completely unregulated, buyers and sellers getting together and determining what the price will be. Quality rising and cost falling.
"contractual entangled.." doesn't the Internal revenue code make us all contractual entangled..? and if the gov't lets pigs be sold in our market from other countries aren't they an outside entity influencing the pig market..?kinda like blueberries from Canada being imported make my blueberries less valueable at market..how about we go back to the old days, if we don't have enough blueberries in the US then we import them.. if they can't make money sellin' blueberies in CA maybe find new work?
I guess my point is we have forgotten from whence we came.. Capitalism, Free Markets, Supply and Demand, Competition, etc.. some of us have taken the view that we need to change what is goin' on today and get back to what made us a country that people looked up to instead of what we are today, a country that is slandered and ridiculed around the world cuz we lost our way, and our leaders have forgotten that the governed hold all the power.. thank you for enlightening me on gold..
"capital inflows"(something you should look up if you want to talk about the value of the dollar) is the most important thing to having a strong currency. Currently the inflows are actually pretty good for the dollar and the USA but because of the government and it's policies the dollar is in bad shape because the gov. can freely spend without having any real consequences to it's decisions and putting the country in dept. We are not a resource country but that is not an excuse trillions in debt.
if you want a "fair" market as fair as there could be you would have to get the government out of it or control government spending through laws and regulations. The government can basically write up debt and pass it on to the taxpayer. Regulations should be in place to stop the government from outrageous spending that devalues the buck and puts more money in circulation (iou's). gold might seem like a fix but there are large holders of gold that can manipulate it's price very easily.
Gold has ALWAYS been a store of wealth. Fiat currencies will ALWAYS return to their intrinsic value - ZERO. The Central & Bullion backs in the past have been able to manipulate the market - this is because the retail consumer has been on the other side. Now these "Western" central banks are going up against other Central Banks in countries like China which are the largest creditor nation. This battle can no longer be one, the manipulation is over.
Also it is well known fact that the economy of the US is many times larger than Zimbabwe which is not even a major economy in the world. You stated not only once but twice that it is. You are clearly either illiterate or on something. If you can not understand basic facts there's nothing further to discuss. Go plow a field illiterate person. End of conversation.. Good Bye!!
a currency is based on other currencies as a means of exchange. Backing it by gold would not be a solution because the price of gold can also be manipulated by it's major holders. A currency holds value for how much "capital flows" move through that currency making it more in demand than the other currency. So if an investor from japan invest in the US it devalues the Japanese dollar and increases the value of the US dollar.
If gold was the standard it would not rise in price. There would be limited currencys. The gold standard was eliminated so we could afford wars and print money to continue them. Inflation happens or devaluing the dollar by dividing the total amount of gold assests by how much money is printed. when it was backed. People used the dollar because it used to be guaranteed or backed by gold. only problem was that the elite always end up with everyones gold.
the reason gold is going up in value is because major holders of US debt have filled out to the US dollar namely china and japan. In otherwords their countries have opted to invest in gold rather than the US dollar / investments that prop the dollar up. This I think is because of the obvious reasons of instability of the economy and the fact that the fed can not raise rates and has to stimulate the economy for a long time to come. Full unemployment using government figures is around 17%.
real unemployment I imagine is much higher than 17% because the figures are doctored up. outstanding debt because the government keeps spending equals a large portion of the gdp so big investors are warry of getting a return on investments in US dollars. Plus unemployement has showed no signs of real improvement. People can't buy houses if their unemployed so this also weighs in on the housing market and other major purchase so the best market in the US is exports to richer countries.
so gold is being used as a hedge to these large investors because they think it will keep going up because gold in priced in US dollars and since they are still pumping the market they figure gold will go up in value although there isn't any real demand industrial demand for gold that's why people are baffled about the price of it.
After getting some physical, Gold and silver mining stocks (for those who can play) will be the destination for "Flight to safety" in 2010 and on. They will outperform bullion 5:1 at the very least. I am looking for the break outs very soon in this year.
that's not true the government backing the currency has alot to do with it. I don't know about you but Zimbabwe is not equal to the US in it's laws or ability to produce something. The US does have alot of industry and actually at this moment US exports are on the rise. There are alot of factors in determining the market value of a currency but you can rest assured a lot of transactions are done in US dollars and I do agree the dollar is in big trouble do to deficits. ;)
"that's not true the government backing the currency has alot to do with it"
US Federal Government = Braindead, Corrupt, inept, unprofessional, hamster like, subvertion of the US constitution un-opposed , wars in sandboxes unfunded
Zimbabwe Government = Briandead, corrupt, inept, unprofessional , hamster like , don't even follow election rules
US Lots of Industry ? LIke what counterfeiting money ?
omg I wasn't engaging in an argument with you.. perhaps you should get a deeper understanding of it before blast comments back. Your acting as though I'm saying the economy is in good shape. Anyway you better get off to your labor job as this isn't doing you any good here.
what a jackass I can't believe you had to post that to me.I guess only on the internet.Maybe you should try the bar and act like a tough guy there.I know your not too bright as you apparently can't read but think you are because you used a few big words like Zimbabwe but you truely are a fail.I explained something to you politely and you blast me back with smart ass comment that obviously makes no sense.What a braindead assaholic. One more stupid person in the world that has to be where I am.
Being realistic about the value of paper money in the near future isn't being a tough guy.
Its just realizing that not only is the USA el toasto the whole free world is eltoasto.
Without sound money eventually you can't afford to eat, you die its real simple concept to grasp except for the people that are in denial. (Brain dead)
boots your apparently illiterate. You took something I was saying and bent it into what you were thinking about. If your going to have a one way conversation go talk in the mirror.
The only exports we are exporting are jobs. And the only reason the GDP is rising is because the govenrment is spending money it doesnt have in our absence of production.
If I had a year's ability to sustain myself off grid I would invest in precious metals. As it is I am not in that position so I invest in those things that will help me survive. If I have extra supplies I will end up with the gold of those who did not prepare. You can't eat gold. What is the coin worth when you are hungry? I'm betting you won't care about it when you are starving. Precious metals are for when good times are starting to come back AFTER a disaster, which is still a good thing.
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visit my channel!
FatReleaseSystem 11 months ago
Best investment of 2011 will be the USD. I called it here, reply back in 2012.
Gabor4u 1 year ago
This guy rocks - BECAUSE he openly admits his uncertainty, openly admits he cannot predict the future, but MOST of all for his calculation on the ratio of the total amount of printed money (as of November 2009) divided by the total amount of gold.
That's at least giving a somewhat CAUSAL explanation for why the price of gold may go higher, not just probabilistic.
Thank you for posting this YT video!
deskset24 1 year ago
Gay advert!!
michb144 1 year ago
Wow, tight ads! How can I get ads of this quality for *MY* company?!
krisamico 1 year ago
I got a LOAD of silver at 3 an Oz a while ago. Gonna score big time.
thomasmoonman 1 year ago
gold mining shares will (or rather CAN) rise more quickly in the short term, and use these profits to buy more gold/silver
SadisticMonkey336 1 year ago
If hes predicting minimum $3,000 gold, Silver is going over $150 easy.
Itsjames1 1 year ago
I wouldn't pay for that dumb fricken commercial either...Lame, ad!!!!!!!!!!!!!!
17seventySIX 1 year ago 4
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Buy a few ounces a month and you will not regret it.
Mr2wings 1 year ago
Is there a gold bubble?
FreeAgain2 1 year ago
This has been flagged as spam show
@FreeAgain2 "Is there a gold bubble?"
Of course not.
Was the media constantly questioning if there was a housing bubble when there WAS one? How about a financial bubble in dot.com stocks when there WAS one?
But now, gold is a bubble, the media (who you can trust!!!) is warning you about the gold bubble...
The purpose of the US media is to strip you of your wealth. You're a fool to listen to them.
fuzzywzhe 1 year ago
damn 17$ for mickeedees?
where the fuck did he go?
for 17$ i can buy a week's worth of food at mcd
mat634 1 year ago
The government is the monetary issue.
Anothercoilgun 2 years ago
This video is hilarious. "Stay with silver and gold." Don't forget magic pixie dust and adamantium.
p00lman 2 years ago
HAHAHA I'll give you a fair trade, ounce per ounce, of my pixie dust and adamantium for your silver and gold.
mrethrift 2 years ago
Hey, P00lman get back down on it whore you my bitch.
TheBravo345 2 years ago
Picked up a copy of Hooked On Phonics yet?
p00lman 2 years ago
No but I picked you up, didn't I honey?
TheBravo345 2 years ago
I think you picked up the clap while you were crossing the border.
p00lman 2 years ago
No, I have herpes, better go get checked my slut.
TheBravo345 2 years ago
Is that why your English is bad? The herpes is killing your brain cells?
Poor degenerate.
p00lman 2 years ago
You are ignorant, racist and homophobic although I know you like it in the ass. You are thinking of syphilis. Herpes doesn't effect the brain slut, back to work!
TheBravo345 2 years ago
Oh, were you born that way? I'm so sorry to hear that.
p00lman 2 years ago
P00lman, don't pretend we don't have a "thing" going.
TheBravo345 2 years ago
Of course. I post something about a video, and you stalk me and post something in bad English that has nothing to do with the video.
p00lman 2 years ago
P00lman you misdirect, again, I love you because you are the best cock sucker around.
TheBravo345 2 years ago
Does the truth hurt too much? Is that why your ass is bleeding?
p00lman 2 years ago
P00lman, yes once and a while I do let you top, however you know you are my wholly own whore and bitch.
TheBravo345 2 years ago
Wow, your English is so bad that I can barely understand you. Don't they have dictionaries in your country? Or did you have to burn them to keep warm?
p00lman 2 years ago
P00lman you are such a slut for my lash, just because you were born here doesn't mean that you are better than the rest of the world stupid american.
TheBravo345 2 years ago
Little boy, do you need an English tutor?
p00lman 2 years ago
Last night while you were under me it felt so right. There me inside you. Why do you push me away?
TheBravo345 2 years ago
It's really a shame that you can't even understand what I'm writing. Bush really ruined our country's education system.
p00lman 2 years ago
Sweetness, you know I have something for you when you get home
TheBravo345 2 years ago
Maybe Elmo can help you.
p00lman 2 years ago
No, only you P00lman, Elmo was made in you likeness any longing I have for fuzzy hand puppets was brought on by a feverish desire to be on top of you.
TheBravo345 2 years ago
It's so easy to get you upset. You're like my little toy.
p00lman 2 years ago
Toys are fun remember that long one that I used on you last week. Yes you cried a bit but you learned to accept it.
TheBravo345 2 years ago
Oops, I keep forgetting that you don't understand basic English. Or was it that the border patrolman hit your mom too hard?
p00lman 2 years ago
Don't change the subject P00lman. when are you coming over sweetness.
TheBravo345 2 years ago
You can tell me. How many times did the immigration police hit your mom?
p00lman 2 years ago
Love play is so cuddly, I like it when we spoon in bed.
TheBravo345 2 years ago
You spoon your mom in bed? Is that what you're trying to say? You don't mind all her bruises?
p00lman 2 years ago
I have to admit that you are a bit used up and now my eye has be wondering. You are not as tight as you used to be. But that is okay because you suck me so well.
TheBravo345 2 years ago
Wow, you keep talking about your mom. You must miss her, don't you?
p00lman 2 years ago
No I like guys P00lman you know that. Specifically I like you and your outstanding hatred for the free state, don't reject me.
TheBravo345 2 years ago
Maintain a well-balanced portfolio.
Reasonable advice for the percent of your assets to have in gold vary from 2% to 15%.
If anyone tells you to have more than 15% of your assets in gold, I'd tell them that you need to diversify.
Real estate, foreign stocks, bonds, etc. all need to be a part of your portfolio.
But if you don't have about 5% of your assets in gold, I'd suggest buying some.
And have a few physical coins in your house.
Just in case you have to bribe the guards on the way out...
freesk8 2 years ago
I got a silver half dollar in my change last week
803honda 2 years ago
Some advice for Larry, take your son to an organic juice bar instead of Micky'ds.
mascar33 2 years ago
the same people that put a value of an ounce of gold at $1,100 today can put the value of an ounce of gold at $35 an ounce tomorrow..
Dewdaahman 2 years ago
That's just silly.
For as much as the gold market is manipulated... no one can thwart market forces. For the last 3000 years an ounce of gold has held the same buying power. In a nominal sense the price fluctuates (how many dollars it costs), but in a value sense it still purchases the same amount of goods it always has.
For the last 3000 years an ounce of gold has purchased 350 loaves of bread. That is not likely to change no matter what the banksters do.
SoPsychoSexy 2 years ago
the value of the first US Dollar was 1/20th of the value of the price of gold and the price (value) of an ounce gold then was $20.00.. is it that way today..? what's 1/20th of $1,100..? over $50 isn't it..? is our US Dollar worth 1/20th of $1,100..? No, because we no longer have US Dollars in circulation, instead we have Federal Reserve (debtors) Notes.. am I missing somethin'..?
Dewdaahman 2 years ago
To be clear, you shouldn't conflate "price" and "value". When thinking of gold, "price" is how much of a currency it takes to buy gold. "Value" is what sum certain of a commodity you can exchange for that quantity of gold.
And a "Dollar" is a unit of measure. Pursuant to the Coinage Act of April 2, 1792, the standard dollar is a weight of silver equal to 371.25 grains.
Now what was that point you were making?
SoPsychoSexy 2 years ago
a dollar is a unit of measure as is an inch is a unit of measure..? it seems to my simple brain that an inch(unit of measure) has no value except to a carpenter or one that builds things using a units of measure called inches.. a quart of OJ is a unit of measure but the OJ is what you are buying.. my pea brain tells me that a dollar may be a unit of measure but units of measure aren't used for purchases, value for value, a 2x4 12' long has value, not the inches that make it 12" long.. ???
Dewdaahman 2 years ago
Exactly.
So getting back to your original point... Gold priced at $1100 and gold priced at $35 has no effect on gold's value.
The problem with what you said, is that you used the word "value" when what you should used was the word "price".
Oil priced in Federal Reserve Notes shows an exponential curve in a chart. Oil priced in gold shows a flat line. The "flat line" reflects the trade of value for value. Whereas the FRN $1 and $100 notes have the same value... Three cents worth of paper.
SoPsychoSexy 2 years ago
thank you for educating me in this area.. my next question if you'll enduldge me.. you have a $100FRN and a pig on a table, what is worth more to you..? who determines what a man will get for his pig, the buyer, the seller or something called government.. it certainly isn't the market, is it..? one more thought, if an outside entity having nothing to do w/pigs passes laws to dictate how much will be paid for a pig, is that a Free Market..?
Dewdaahman 2 years ago
You make is sound like the "government" reaches into the pig transaction and willy nilly tells the farmer what he can charge for his pig. In America, this is not the case. The farmer first must be contractual entangled with the gov before the gov gets to dictate anything.
If you want to see an example of the Free Market at work, look at the marijuana trade. Completely unregulated, buyers and sellers getting together and determining what the price will be. Quality rising and cost falling.
SoPsychoSexy 2 years ago
"contractual entangled.." doesn't the Internal revenue code make us all contractual entangled..? and if the gov't lets pigs be sold in our market from other countries aren't they an outside entity influencing the pig market..?kinda like blueberries from Canada being imported make my blueberries less valueable at market..how about we go back to the old days, if we don't have enough blueberries in the US then we import them.. if they can't make money sellin' blueberies in CA maybe find new work?
Dewdaahman 2 years ago
Not necessarily.
Do you have a point?
SoPsychoSexy 2 years ago
I guess my point is we have forgotten from whence we came.. Capitalism, Free Markets, Supply and Demand, Competition, etc.. some of us have taken the view that we need to change what is goin' on today and get back to what made us a country that people looked up to instead of what we are today, a country that is slandered and ridiculed around the world cuz we lost our way, and our leaders have forgotten that the governed hold all the power.. thank you for enlightening me on gold..
Dewdaahman 2 years ago
in a nutshell, the length of a 2x4 has value not the tape measure that tells you how long it is.. come again..? I guess I just don't get your drift..
Dewdaahman 2 years ago
Comment removed
Dewdaahman 2 years ago
"capital inflows"(something you should look up if you want to talk about the value of the dollar) is the most important thing to having a strong currency. Currently the inflows are actually pretty good for the dollar and the USA but because of the government and it's policies the dollar is in bad shape because the gov. can freely spend without having any real consequences to it's decisions and putting the country in dept. We are not a resource country but that is not an excuse trillions in debt.
x11115 2 years ago
I remember the thread for that USA Today ad. There were about 4,000 posts.
Larry funded the whole ad. He's a devoted guy.
MooseOfReason 2 years ago
if you want a "fair" market as fair as there could be you would have to get the government out of it or control government spending through laws and regulations. The government can basically write up debt and pass it on to the taxpayer. Regulations should be in place to stop the government from outrageous spending that devalues the buck and puts more money in circulation (iou's). gold might seem like a fix but there are large holders of gold that can manipulate it's price very easily.
x11115 2 years ago
Gold has ALWAYS been a store of wealth. Fiat currencies will ALWAYS return to their intrinsic value - ZERO. The Central & Bullion backs in the past have been able to manipulate the market - this is because the retail consumer has been on the other side. Now these "Western" central banks are going up against other Central Banks in countries like China which are the largest creditor nation. This battle can no longer be one, the manipulation is over.
myyootube 2 years ago
Also it is well known fact that the economy of the US is many times larger than Zimbabwe which is not even a major economy in the world. You stated not only once but twice that it is. You are clearly either illiterate or on something. If you can not understand basic facts there's nothing further to discuss. Go plow a field illiterate person. End of conversation.. Good Bye!!
x11115 2 years ago
You go girl!
myyootube 2 years ago
a currency is based on other currencies as a means of exchange. Backing it by gold would not be a solution because the price of gold can also be manipulated by it's major holders. A currency holds value for how much "capital flows" move through that currency making it more in demand than the other currency. So if an investor from japan invest in the US it devalues the Japanese dollar and increases the value of the US dollar.
x11115 2 years ago
If gold was the standard it would not rise in price. There would be limited currencys. The gold standard was eliminated so we could afford wars and print money to continue them. Inflation happens or devaluing the dollar by dividing the total amount of gold assests by how much money is printed. when it was backed. People used the dollar because it used to be guaranteed or backed by gold. only problem was that the elite always end up with everyones gold.
Squirelbutt 2 years ago
In 1920s, an OZ of Gold or $20 USD bought a man a really nice suit. In 2009 an OZ of Gold still buys a really nice suit.
noyritus 2 years ago
yeah but 20 bucks today will only buy you a cheap belt.
Squirelbutt 2 years ago
Please don't buy gold stocks. Get the physical gold in your hands.
sweetelesue 2 years ago 11
the reason gold is going up in value is because major holders of US debt have filled out to the US dollar namely china and japan. In otherwords their countries have opted to invest in gold rather than the US dollar / investments that prop the dollar up. This I think is because of the obvious reasons of instability of the economy and the fact that the fed can not raise rates and has to stimulate the economy for a long time to come. Full unemployment using government figures is around 17%.
x11115 2 years ago
real unemployment I imagine is much higher than 17% because the figures are doctored up. outstanding debt because the government keeps spending equals a large portion of the gdp so big investors are warry of getting a return on investments in US dollars. Plus unemployement has showed no signs of real improvement. People can't buy houses if their unemployed so this also weighs in on the housing market and other major purchase so the best market in the US is exports to richer countries.
x11115 2 years ago
so gold is being used as a hedge to these large investors because they think it will keep going up because gold in priced in US dollars and since they are still pumping the market they figure gold will go up in value although there isn't any real demand industrial demand for gold that's why people are baffled about the price of it.
x11115 2 years ago
After getting some physical, Gold and silver mining stocks (for those who can play) will be the destination for "Flight to safety" in 2010 and on. They will outperform bullion 5:1 at the very least. I am looking for the break outs very soon in this year.
CoinsFreedom 2 years ago
Its not a true market .
How much fake fiat gold and silver is out there ?
Gold and Silver Certificates (paper promises)
What happens when the holder asks for physical deliver and the seller no have.
The contract is settled in WORTHLESS paper currency.
Zimbabwe dollar : can't do a 1 oz gold transaction not enough paper currency in the country to cover the transaction.
The only difference between the Zimbabwe dollar and the US dollar is the #'s and the color of the PAPER.
boots920 2 years ago
that's not true the government backing the currency has alot to do with it. I don't know about you but Zimbabwe is not equal to the US in it's laws or ability to produce something. The US does have alot of industry and actually at this moment US exports are on the rise. There are alot of factors in determining the market value of a currency but you can rest assured a lot of transactions are done in US dollars and I do agree the dollar is in big trouble do to deficits. ;)
x11115 2 years ago
"that's not true the government backing the currency has alot to do with it"
US Federal Government = Braindead, Corrupt, inept, unprofessional, hamster like, subvertion of the US constitution un-opposed , wars in sandboxes unfunded
Zimbabwe Government = Briandead, corrupt, inept, unprofessional , hamster like , don't even follow election rules
US Lots of Industry ? LIke what counterfeiting money ?
boots920 2 years ago
omg I wasn't engaging in an argument with you.. perhaps you should get a deeper understanding of it before blast comments back. Your acting as though I'm saying the economy is in good shape. Anyway you better get off to your labor job as this isn't doing you any good here.
x11115 2 years ago
The price of gold is going up $10 per day now.
If you can tell me how to measure a economy when the measure (gold) doesn't have a ceiling.
The US dollar is about to become worthless toilet paper that 's a fact not speculation.
Ridicule all you want there's no difference between the Zimbabwe government and the US government.
Gold price proves this...
boots920 2 years ago
what a jackass I can't believe you had to post that to me.I guess only on the internet.Maybe you should try the bar and act like a tough guy there.I know your not too bright as you apparently can't read but think you are because you used a few big words like Zimbabwe but you truely are a fail.I explained something to you politely and you blast me back with smart ass comment that obviously makes no sense.What a braindead assaholic. One more stupid person in the world that has to be where I am.
x11115 2 years ago
Being realistic about the value of paper money in the near future isn't being a tough guy.
Its just realizing that not only is the USA el toasto the whole free world is eltoasto.
Without sound money eventually you can't afford to eat, you die its real simple concept to grasp except for the people that are in denial. (Brain dead)
boots920 2 years ago
boots your apparently illiterate. You took something I was saying and bent it into what you were thinking about. If your going to have a one way conversation go talk in the mirror.
x11115 2 years ago
Sure buddy then explain why gold was
1776 - 1971 - $35
1972 - 2009 - $1100
Currency is based on the value of gold (useless metal)
so when it quadruples in less than 10 years the Central Bank (FED) is just counterfeiting money.
The globe's toast...
boots920 2 years ago
Gold is a useless metal? Is that what you meant?
Anothercoilgun 2 years ago
Yep gold is just cool it doesn't warrant the 1115 price tag and climbing.
Paper? Too much of it that's why you use it as toilet paper.
boots920 2 years ago
The only exports we are exporting are jobs. And the only reason the GDP is rising is because the govenrment is spending money it doesnt have in our absence of production.
Squirelbutt 2 years ago
when i pee i make a ridley..
x11115 2 years ago
If I had a year's ability to sustain myself off grid I would invest in precious metals. As it is I am not in that position so I invest in those things that will help me survive. If I have extra supplies I will end up with the gold of those who did not prepare. You can't eat gold. What is the coin worth when you are hungry? I'm betting you won't care about it when you are starving. Precious metals are for when good times are starting to come back AFTER a disaster, which is still a good thing.
CmonMan101 2 years ago