Jones on Gold and Silver
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All Comments (202)
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i just wanna know who in the hell westerby is. lol
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@IBorlaw problem is, your deal is a bad deal, i can trade paper money for MANY MORE OZ of silver than your con job 1 oz. Give me 1 oz of silver for every 10 buck, then i a will trade with you. Right now, i get better silver for paper deal else where.
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If fiat currency is not money, then I will trade you 1 OZ of silver for all your worthless paper.
According to your own words, you would be getting a bargain: an ounce of silver for free!
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WHEN THIS VIDEO WAS MADE...GOLD @$670.00 PER OUNCE?! GOLD'S NOW EXCEEDING $1,530.00 PER OUNCE. SILVER IS NOW HOVERING AROUND $37.00 PER OUNCE...I'D SAY JONES IS RIGHT!!!!!
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Except for one thing..
Paper money has value because people Accept it - believing it has value.
Gold and Silver..... Suffer the SAME thing. If people don't Believe they have value, they have none.
Both ways, it is up to the people to decide if they are worth use, and when people are starving, they don't care if it's shiny nearly so much as .. whether or not they can eat it. ;)
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Timeless message. Respect!
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It's a cool introduction. But who is Westabee?
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fucking awesome.
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i love that chinese music in the background.
Quite possibly my favorite all time youtube video on the subject.
genupe9 2 years ago 31
In the past Fiat money has been used as fire kindling during times of depression-PM's last forever;)
jnadreth 3 years ago 14