Turn money into gold and gold into money at Gold Trading Academy. If you have spendable money, come trade gold! Come visit my website Gold Trading Academy.
Yes you are right.The dollar is king....of all ponzi schemes. Its not about walking into a hop and buying something with that physical gold. Its about preserving the face value of your hard earned paper crap. Anyway, why not act like a politician and just steal the bread??
I am sure if you walk into a bakery with a gold coin to buy a loaf of bread, someone will exchange that coin for dollars immediately so you buy your loaf. I guess you can do that with real etsate also but who is going to carry a property deed in their pocket.
I would invite anyone to take a look at commodity charts from about 1929 to 1935 during a deflationary period. All commodities, including gold....fell just as hard as the overall markets! It wasn't until after that when FDR started the real printing and monetizing that we had the inflation. The gold buyers are way early to the game and are going to get burned. The time to guy gold would probably be around 2013 after this current "depression" really gets rolling. the sellers love you to buy now!
In a depression, the only thing that is of value is anything that anyone needs. Services, food, housing, clothing. If you have something your neighbors need, it is of value. Gold has no value in a depression unless you can sell it!! And it has to be sold to someone dumb enough to buy it!!! I'll stick with CASH!!
Apparently you sell Gold!! So your biased to begin with.
Once again...I'll speak slowly.... run down to the tax assessor and hand them some gold coins for your property taxes and see what kind of response you get!!!
LMAO
Gold hasn't changed in value at all......cash has.
@spokegetaboutit "Gold hasn't changed in value at all.cash has."
LOL. That's kind of the point. As Bernanke keeps the presses running, as the US Gov't keeps running deficits, and as demand dollar denominated instruments fall, the value of the doillar as indexed against gold will drop.
Holding gold will not make you rich but it will help keep you from being poor. Silver, however, is at an almost all time low as indexed against gold.
I think Robert Prechter has it right. Gold will plummet with the market, the dollar will gain, and we've already been in a depression for 18 months. I can't buy a loaf of bread with gold, and the only ones pumping gold are sellers of gold! Now...we're printing out of control, but other countries are printing more. The US dollar is still king if your talking about perspective here. That's why the dollar will surprise everyone and this guy will be wrong. But he's right about the bubble
That is a poor argument, can you buy a loaf of bread with stocks? real estate? Throughout history when people lose confidence in the currency, they always run back to gold. Gold is now reasserting itself as money.
Maybe, but this is real money against paper manipulation. All will depend on other countries playing the game. So far China is buying all the real assets and at the bargain.
@spokegetaboutit What would you like to say today, Sir, roughly a year after your original comment? The dollar index has been crashing, it has been making lows against several other currencies, and just couple of days ago America's debt was downgraded. In the meantime, Gold has been making new highs. Put differently, a year ago, if I held a dollar, it now (today) buys me less, while if I had bought some gold, today I can atleast buy the same amount of stuff (if not more).
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Turn money into gold and gold into money at Gold Trading Academy. If you have spendable money, come trade gold! Come visit my website Gold Trading Academy.
123ableTHERollyboy 4 months ago
Yes you are right.The dollar is king....of all ponzi schemes. Its not about walking into a hop and buying something with that physical gold. Its about preserving the face value of your hard earned paper crap. Anyway, why not act like a politician and just steal the bread??
steeb12310 9 months ago
I am sure if you walk into a bakery with a gold coin to buy a loaf of bread, someone will exchange that coin for dollars immediately so you buy your loaf. I guess you can do that with real etsate also but who is going to carry a property deed in their pocket.
celyl 10 months ago
Dines is the man
Seano71 1 year ago
Thanks for posting. Many thanks.
eatandtravel 1 year ago
cousin IT is holding up James' head.
TadRapidly 1 year ago
@TadRapidly no. Thats "Thing". Cousin It was the little hairy guy
sabrinacle 1 year ago
@sabrinacle D'oh!
TadRapidly 1 year ago
So pleased that I found your channel. Keep up the good work! I too am a gold bug-- happy to say!
Elizruth 2 years ago
Thanks, I'll try to keep posting fresh contents when time permits.
GoldSilverMedia 2 years ago
@GoldSilverMedia -- another thanks for posting. A (very) few will hear this. Fewer still will save their money in Gold.
Those few fewer will have power in a powerless world.
Liozeris 2 years ago
I would invite anyone to take a look at commodity charts from about 1929 to 1935 during a deflationary period. All commodities, including gold....fell just as hard as the overall markets! It wasn't until after that when FDR started the real printing and monetizing that we had the inflation. The gold buyers are way early to the game and are going to get burned. The time to guy gold would probably be around 2013 after this current "depression" really gets rolling. the sellers love you to buy now!
spokegetaboutit 2 years ago
well then...good luck with your gold!
spokegetaboutit 2 years ago
In a depression, the only thing that is of value is anything that anyone needs. Services, food, housing, clothing. If you have something your neighbors need, it is of value. Gold has no value in a depression unless you can sell it!! And it has to be sold to someone dumb enough to buy it!!! I'll stick with CASH!!
spokegetaboutit 2 years ago
Ask the people in Zimbobwe what they use to buy food. GOLD. They sift it out of the rivers.
MamaOkie 2 years ago
No if the cash devaluates and becomes just a piece of paper. In a depression goods are more valuable than paper fiat.
SilverRose09 2 years ago
LOL,
Apparently you sell Gold!! So your biased to begin with.
Once again...I'll speak slowly.... run down to the tax assessor and hand them some gold coins for your property taxes and see what kind of response you get!!!
LMAO
Gold hasn't changed in value at all......cash has.
spokegetaboutit 2 years ago
@spokegetaboutit
I do not sell gold, I acquire it.
GoldSilverMedia 2 years ago
@spokegetaboutit -- you seem more a spook than a spoke.
I believe that you are a penny paid shill for the paper money creeps.
By the way; Gold leaves no footprints. Pay yer taxes with paper.
Put your savings in Gold.
Liozeris 2 years ago
@spokegetaboutit "Gold hasn't changed in value at all.cash has."
LOL. That's kind of the point. As Bernanke keeps the presses running, as the US Gov't keeps running deficits, and as demand dollar denominated instruments fall, the value of the doillar as indexed against gold will drop.
Holding gold will not make you rich but it will help keep you from being poor. Silver, however, is at an almost all time low as indexed against gold.
OH! and hold on to your nickels!
lexilicious74 1 year ago
wrong!
I think Robert Prechter has it right. Gold will plummet with the market, the dollar will gain, and we've already been in a depression for 18 months. I can't buy a loaf of bread with gold, and the only ones pumping gold are sellers of gold! Now...we're printing out of control, but other countries are printing more. The US dollar is still king if your talking about perspective here. That's why the dollar will surprise everyone and this guy will be wrong. But he's right about the bubble
spokegetaboutit 2 years ago
@spokegetaboutit
I disagree 100% only time will tell.
shouldlistentoronpau 2 years ago
That is a poor argument, can you buy a loaf of bread with stocks? real estate? Throughout history when people lose confidence in the currency, they always run back to gold. Gold is now reasserting itself as money.
GoldSilverMedia 2 years ago 5
Maybe, but this is real money against paper manipulation. All will depend on other countries playing the game. So far China is buying all the real assets and at the bargain.
SilverRose09 2 years ago
@spokegetaboutit -- You do not buy a loaf of bread with a gold coin. You buy a working bakery with a gold coin. Silver is to make change.
Both have been money for 5,000 years.
I add; on the day of the NY bombing it took 45 ounces of gold to buy the DOW.
Today it takes 8.1 ounces of gold to buy the DOW.
What was the question?
Liozeris 1 year ago
@spokegetaboutit What would you like to say today, Sir, roughly a year after your original comment? The dollar index has been crashing, it has been making lows against several other currencies, and just couple of days ago America's debt was downgraded. In the meantime, Gold has been making new highs. Put differently, a year ago, if I held a dollar, it now (today) buys me less, while if I had bought some gold, today I can atleast buy the same amount of stuff (if not more).
amrishkelkar 6 months ago