James Turk, "We could easily go over $2000 per ounce" for gold in 2012

[louis12346]

Teacher Lovely Lauren, if gold is $8000.00 an ounce does that = Solvent Green ?

[bweazel]

What is behind these moves? Massive market manipulation. Funny that this guy calls gold valuable. Really? How exactly is it "valuable"? Hmmm? That's right, speculative demand, because someone thinks they'll be able to sell it for more than they bought it for. This is what all bubbles have in common. Gold has next to no use, thus, no REAL value. It's industrial uses are few and far between, and anything gold can do silver can do just as well for about 1,500.00 less. Anyone buying gold is an idiot

[boohoo746]

@bweazel you mean that you can use your paper money to wipe your ass with? I could see how that could be useful. but what can you do with your electronic money? I wonder...

[bweazel]

@boohoo746 Are you under the impression that gold was not also represented by paper? And that a fractional reserve system existed during the gold standard too? And also that the gold standard has crashed multiple occasions in many different places? This whole paper business you guys always talk about makes you look like fools. Paper notes have been used in trade for about 500 years now.

[boohoo746]

@bweazel OK, hold on to your paper then. I'd rather verify that the paper actually entitles me to predictable quantities of real assets.

You mention fractional reserve banking. Good. Then I'll remind you about bank runs, so maybe you'll realize that we guys are not all fools like you suggest. If that doesn't help clarify matters for you, I don't care really. You can enjoy your financial future. I'll enjoy mine.

[bweazel]

@boohoo746 Why are you reminding me about bank runs when that is a negative of a commodity backed currency that uses fractional reserve banking? Which is probably what you're wanting. So yes, you are very much a fool. The only thing it helps clarify is how little you know about the topic you're discussing and most probably, the type of investing you are doing, and even more the type of economy you're advocating for.

Sorry, I seriously doubt you'll enjoy anything.

[boohoo746]

@bweazel "I seriously doubt you'll enjoy anything". I'm pretty sure I'd enjoy not being called a fool by morons, but I guess that is too much to ask for from morons.

[ColdWarWarriors]

@bweazel So I take it your buying silver?

[bweazel]

@ColdWarWarriors Nope

[EXP0SEtheFRAUDS]

I want that big glass table in my office. RT, can you donate it to me?

[katchum]

According to James Turk's Gold Money Index, gold will go to 12000 USD.

[BITARTEN]

I don't know why you RT tell people the Truth but anyway, many thanks!!.

[boohoo746]

@BITARTEN In Russia, CNN tells the Truth. I'm sure there's some joke like that.

[mrzack888]

i highly doubt gold will go up to those prices. credit cash is more valuable than gold.

[EXP0SEtheFRAUDS]

@mrzack888 You mean all that credit cash that people had in their MF Global accounts?

[mrzack888]

@EXP0SEtheFRAUDS no, i mean the cash pple have in their mattress, or credit in a trust bank.

[wooyooing]

@mrzack888 you can't really put a price on something has value. Free market will do the job. I think i can see where you come from, $8000 per ounce is crazy, but so as our national debt. One way or other to make us pay off the debt is the value of gold has to go up to match the debt. Credit is useless if no one have faith in our currency. Right now, pretty much eveybody knows our contry has the amount of debt that we can't pay off. Gold has to raise the value to make things balance.

[mrzack888]

@wooyooing Europe is in more trouble than America. America's govt debt is no big deal. only 7 trillion to foreigners, and those foreigners depend on a stable America. Most of America's debt is in private debt, consumer credit cards, education, mortgage, investment/commercial banks type of debts. And those types are in digital credit form. So when those debts blow up, we have a credit crisis, and the govt printed digital base money will become more valuable.

[boohoo746]

@mrzack888 yes, and then after that, when the paper money blows up, gold will become more valuable. a matter of timing it right. but for most people with a job, maintaining exposure to gold via monthly accumulation plan will catch enough of the moves.

[mrzack888]

@boohoo746 It's impossible to have a currency blow up due to how digital credit is being created & destroyed. The only way a currency is deemed worthless in the eyes of the globe is if a country defaults, but how can it default when so many trillions of dollars of global trade depend on using dollars. The more commerce/trade a country does the more valuable its currency is coz everybody needs it to conduct bizness. US dollar only entity capable to handle current global money markets & oil.

[boohoo746]

@mrzack888 Impossible is a strong word. Also, there is a distinction between worthless and "worth less".

You are right that the value of a currency is affected by demand for the currency. But there are many international agreements being entered into today to move away from the USD. At the same time, people are moving into USD as a "safe haven asset". You should plan ahead for how these changes play out.

[stangGTKKK187]

Lauren...ur a hot sexy bitch

[TruthVsLiars]

NO AUDIO!!!