Why Gold Will Save You From Financial Ruin
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Very good video, love the Greenspan quotes from way back.
yaahme 8 months ago
@W0KD At the end of the day gold has value in all countries. If your local dollar dies, your dollar becomes worthless to other countries yet if you have your wealth in gold other countries will still accept that you have value. ie if you have gold you wont lose your money, You could book a flight to Australia, buy a house and start again, yet if you have useless paper dollars you will have nothing. Type in Zimbabwe and see what happened there, all the locals started panning for gold!
THEDROPPEDSOCK 1 year ago
when federal reserve creates new money to buy bonds or bad loans( the $1 billion loan that bankers make to themselves and then default!) the inflation could stick its ugly monkey head out in other countries forcing the consumers of those countries to work off the US debt through higher prices. This is how Tokyo got the 'world's most expensive city' title which is about to go to Beijing.
This is what Maloney is referring to at 6:45.
MohammadX101 1 year ago
Buy gold and silver? If money's worthless, what do you buy it with? And if you already had such random metals, how would they be "valuable" when you can't "sell" it? Because it would only be to gain recognizable money. You're just going to be able to buy LESS, that's all. Having "precious" metal is nothing - that's like saying you have lucrative stocks and bonds - but they're worthless unless you SELL them for something!
W0KD 1 year ago
This man is believable. He knows what he is saying.
dougwulff 1 year ago