Gold & the dollar carry trade
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moe howard
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Saying that gold/silver is not legal tender is a mischaracterization. You can go into any coin shop and get a little under spot. Gold/silver = money. Dollars = currency. There is a difference. Money retains value. Currency needs to move to be valuable, i.e. in transactions. As a result of the governments ridiculous policies, the value of the currency is being constantly debased. That is why the ratio of money to currency is growing in money's favor. Do the math.
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And he wants to sell you that precious gold for your "worthless" cash why then? He wants a gold standard and old common law or execution of the law where you pay in flesh if you don't happen to have cash. How would America pay for fanny Mae then?
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Peter Schiff wants to go back to a gold standard but gold is not leagle tender in the US. He says it's real money but it is classed as a commodity. So it can't be used as money. Going back to a gold standard would take people back to old common law. Old common law was execution of a contract. They paid in flesh if they couldn't with gold. Be careful about who you believe. He has a lot of gold he wants to sell to you for "worthless" cash
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i still say this "the only thing holding up the dollar is our military mercenaries" "a global force for good"? global?
ok that means we dont have to declare war to be there. sure. fk the Contitution!
I'll buy an ounce for $50!!!!!
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keep on buyin keep on buyin!
(gold/silver)
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I keep telling people that the dollar keeps getting spanked in the global market everyday, but no one listens. I was even told that I look at the web too much. Its madness I tell you!!!!!!!!
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not without your help
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"Hope It Changes " LMAO !!
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Hey Pete this guy trying to sell the gold 0n the street looks like a con man. I wouldn't buy it. If it sounds too good to be true it probably isn't.
maxs9742 2 years ago 4
I wouldn't have bought the $20 gold because I would have thought it was a scam. Especially since I have no idea how to test for real gold, other than some odd biting technique that I've never been able to try on gold before, so I have zero reference.
AllahConsciousness 2 years ago 3