Man Says The U.S. Gov Should Melt Down $1 Gold Coins TO Pay Off National Debt!!!

[beerandgolf68]

Funny and sad at the same time.

[kcrone1]

"A troy ounce is going for, depending on who you sell it to 6-800 dollars a troy ounce."

"Our gov't is sitting on billions of those coins advertised at one troy ounce."

"Instead of sitting on those silly things trying to sell them for 10 dollars a shot, why don't you have our gov't melt it down.".............and the rest is how they say,,,"History"

LMAO!!!

[kcrone1]

LMAO,,,,,this is the funniest thing I've watched,,,,,I couldn't stop laughing and watched this guy a couple of times!!

Thx for sharing MoneyBags!!

[MoneyBags73]

@kcrone1 Incredible that someone thought this think tank was news worthy. LOL

[MrMaineack]

That news station just did not do their homework on who they interview, what an idiot that guy is.

[grraadd]

en(.)wikipedia(.)org/wiki/Pres­idential_$1_Coin_Program

In this video he doesn't say billions of $1 coins, but billions of gold coins - where he's got that information is another thing... and 1 ounce sold for $10 a shot, which sounds stupid (there would be obviously a shortage already). I'm confused - maybe that was the agenda of KJCT8...

[Jnoche]

A case of Gold vs. Golden. Very misleading lingo for the average sheeple, who own hardly any physical gold or silver. 

[401rach]

So no need to correct my spelling indignant99

[401rach]

Stock not stick

[401rach]

Ps. Personally I guess I'm a terriost now that I have yes MORE THEN 7 days of food and water stored and stick pile of silver American eagles. It's off to the FEMA FUN CAMP for me.

[401rach]

Don't make me bring ya all back to seseame street for can't we play nicely together lesson. Lol

[7Losses]

I think a few of my remaining brain cells died watching that video. It is WELL before April 1st!

[SidneyBoud]

What does he say we should sell our gold for? By the way there is a sucker born every minute you might be able to sell them.

[highandwired]

You are absolutely right. Regular people are very very ignorant. Hey it gives me more time to keep stacking at these ridiculously low prices!

[dowhatuwill]

Just when you thought the MSM couldn't get any more dumbed down and full of shit.....

Funny story thanks for sharing it.

[jsmythib]

melt 8 billion in clad coins for 480million dollars? these people are nuts.

[candon1972]

If you go to the zoo, you find several monkeys more smart than this guy:) .... Maybe the zoo gives a better chance to solve the our problems... hmm we are f******. yes :-)

[Stokjockey]

Father Forgive Them, They Don't no Shit about Anything........Baa Baa Baa Sheeple

[indignant99]

@Stokjockey including not KNOWING how to spell "know."

[lorentsmful]

there's more like 800 quadrillion dollars in gold all across the world. the problem is keeping it all hidden from the public.

[Eraser7622]

@lorentsmful

You are brilliant!  Thank you for finally sharing this knowledge!

Um, not that I don't believe you or anything, but, you know, for those damn truthers out there who want to actually see PROOF or even evidence of such claims, care to provide a little support for your claim?

800 quadrillion, eh? I guess THAT must be why we have all those underground bases.

If you don't reply w/ some type of support to your statement, the rest of us will just giggle at it.

[deanmat]

I've said this a few times.  Why don't they just raise the gold price to 50-100,000/oz. Problemo solved. And I wouldn't mind it. I know that something is fishy with fort knoxx. What if they actually had more gold than they are supposed to? What if they have been plundering gold from other nations because they forsaw this outcome?

[indignant99]

@deanmat Who would "THEY" be, that would raise the price? It's a global market, dumbfuck.

[deanmat]

@indignant99 You're American, aren't you? You do realize that Ad hominem's don't help an argument, but only show it to be week, right? From 1933-1970, Gold was kept low at $35/oz. How did "THEY" do this, given that it's a "global market"? If "THEY" can hold the spring back, can they not let it go, by just letting the dollar die? The inflation would simultaneously decrease debt and increase gold price drastically.

[Agbully11]

After they melt those Sacagaweas, they can melt those "$50 Gold Buffalo" coins I see so much on tv.

[401rach]

are not the 1 dollar coins not even gold? wtf?

[indignant99]

@401rach What gave you any idea that they contain any gold?

[tzankich]

Yet another sign we're living in a real-life Idiocracy.

[DontTread0nMe1776]

@tzankich My first thought was the "one man think tank" was an idiot. Then I wondered if maybe he was a genius (and great actor) making a point about inflation through satire. First thought is usually the correct one though.

[IronicallyVague]

What if....What if Obama listens to him?

[phatkd]

Bahahahaha,...Okay,...I'm better. If they are 1 troy ounce a piece and willing to sell them for 800/ounce.....I'll take 'em all!

[TheJamezMan]

RON PAUL 2012 WAKE UP SHEEEEEEEEEPLE

[IronicallyVague]

Blink....blink...

[ggadguy]

I watched the video on the KJCT8 website. The one man "Think Tank" is an idiot and I can't believe he got the air time.  The local news must have been hard up for a story.

[pdxeddie1111]

how much would gold need to be to pay off the debt with the current reserves?

[MoneyBags73]

@pdxeddie1111 About $58,800 per ounce.

[eyeswideopennimrod]

@MoneyBags73 What if they added silver to the issue at its correct relationship of around 14 to 1, how much would silver and gold need to be worth.

[ThirdProverb]

@MoneyBags73 would love to see it go that high

[pdxeddie1111]

@MoneyBags73 I think they featured the think tank dude as comic relief or something because most people know sac dollars aren't real or do they?

[RRobi31729]

U cannot make this stuff up. This guy sounds like an idiot. Melting gold coins LOL.