On the Edge with Max Keiser - 05 March 2010 - (3/3)
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Paper is worthless - let me think ...
I agree - not a difficult concept to grasp - thanks for that new fact
Gold is worthless - can't see why it's a harder concept to grasp
2 years ago 2
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yeah gold its so worthless hey? unlike all that pretty paper with nice numbers and ppl's heads on them n stuff ~ that paper is useful as!
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gold laced tungsten bars baby! cause for war...?
2 years ago 2
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If gold is worthless as you say, then why would central banks hoard it? Many of the major central banks (china, russia, india) are net buyers and reducing their dollar holdings. you forget that gold is just another form of currency that humankind has been using for 6k+yrs. It is financial insurance and is traded like usd into euros or whatever.
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If only you could turn gold in to useful base metal - like copper or tin - then China would snap it all up
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AMERICA SOLD FAKE GOLD TO CHINA
2 years ago 2
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Rich Hall (on QI this week) found out - Total world gold = 2 Olympic swimming pools worth
(Max = Rich Hall + too much coffee)
Gold just sits in vaults - hasn't been used for anything useful for decades
If gold is not used to back currency (which it isn't) it is worthless - even Olympic gold medals aren't made from gold
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2....... or - I persuaded my sister, so 3.
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This interview was far too short.
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How many people do you know (including yourself) owns gold or silver ?
2 years ago 3
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Your kids and mine will be working for China in there future to try to pay off this debt. This US Govt is so corrupt. Man, all those gold bars look good, can I have one.
mja2035 2 years ago 5
For anyone that has been following what I've been saying about gold/silver, please wake up and get yourself some physical gold/silver ... you can thank me later!
sdyck613 2 years ago 5