COMEX Default - When will we know?

The book
"Guide to Investing In Gold and Silver: Protect Your Financial Future"
http://www.amazon.com/gp/product/0446510998/002-9650889-7854417?ie=UTF8&t...

Category:

Education

Tags:

• Collapse
• Crisis
• Dollar
• Economic
• Financial
• Gol
• Hyper
• Hyperinflation
• inflation
• Jim
• Mint
• Paul
• Perth
• Peter
• Rogers
• Ron
• Schiff

[thomasw78]

What makes you think the government will give you fair value for your gold/silver when/if they decide to confiscate? In 1935 FDR confiscated first and THEN revalued gold to $35/ounce cheating all the people he had just stolen gold from a second time.

[davincij15]

I know they will not but it will be more than I paid for it. And I will grab an asset that will be the next buy.

[marky1333]

davincij Why dont you just switch to cash this is the safest bet in deflation.We arent going into deflation we are in it, no amount of government printed money is going to turn it around.

There is no replacement for mutiplyed credit creation thats taken up willingly by the people. its as simple as that.

The reason the flight to safety has been to T-Bills and not gold is because we are in deflation, almost hyper-deflation.

[davincij15]

Inflation/deflation is a monetary phanominom.

I repeat.

Inflation/deflation is a monetary phanominom.

That affects prices.

The second people wise up and see there is a lot of money everywhere (just no credit) and IS the reason that a government with 11 trillion in debt gives a negative return rate.

They will get it.

Gold must collapse or the dollar is toast.

Why? Because what makes the bond good is what makes the dollars good.

[gabeh73]

if they confiscate gold...I'll be happy to shoot the guy who tries to take it after I "give" it to them.

[davincij15]

Relax they will not come and take it the government will ask you to turn it in for x amount of dollars or whatever paper currency the come up with. Just remember it's not gold you want but what it can buy.

[boots920]

Paper Money - A promise to pay

Gold and Silver - Paid in FULL !

[Fitrade]

Great video, I like to talk about Silver and Gold on my youtube channel as well.

[hermbilliamherm18]

thanks for the post

[mikeybrumbrum]

Also, foreigners have been literaly removing paper dolars form you, for AGES. Slowly, this devalues it.

Their only way out now (your govt) is to take over the world, and create 1 currency.

Ominously, this is predicted in the bible, as hte beggining of end times.

[mikeybrumbrum]

Money is a way of a "middle man" taking a cut EVERY time we spend anything.

It is a way of 1 group of people, taking control of another. They are nothign but pirates, and the fatc that the fed isnt backed by gold, menas that the most profitable thing for htem to do, is bankrupt the ocuntry, keep most of the money, sell the gold to you (notice all the gold ads), then devalue gold and fck you over AGAIN, and probably start the process again for your CHILDREN, man !!

[Boomer1949]

You have it right about the money system in the US, it's based on debt, our debt and our spending habits. We are in a cycle of deflation at the moment and who knows how long it will last but it will be followed by inflation, hyperinflation and the dollar collapes. The markets, including most commodities, are munipulated. Instead of thinking you can make a killing in gold and silver, learn more about local food growers.

[pairunoyd]

not only that but people had purchased bonds w/ a gold clause, stating people could take bond payouts in gold. NOT! FDR decided the govt wouldnt honor that contract and paid them w/ crappy US Dollars.

[marky1333]

It's both, there are gold connections in your laptop, laptop sales are plummeting and so will the demand for the gold thats used to make them ands thats just one product out of thousands.

[achalmers]

You need to stop thinking of gold in terms of a commodity. It's a currency.