Part 1/6: James Dines powerful interview on gold and economic crisis - FSN 2-20-2010

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[Elizruth]

So pleased that I found your channel. Keep up the good work! I too am a gold bug-- happy to say!

[GoldSilverMedia]

Thanks, I'll try to keep posting fresh contents when time permits.

[spokegetaboutit]

LOL,

Apparently you sell Gold!! So your biased to begin with.

Once again...I'll speak slowly.... run down to the tax assessor and hand them some gold coins for your property taxes and see what kind of response you get!!!

LMAO

Gold hasn't changed in value at all......cash has.

[GoldSilverMedia]

@spokegetaboutit

I do not sell gold, I acquire it.

[spokegetaboutit]

wrong!

I think Robert Prechter has it right. Gold will plummet with the market, the dollar will gain, and we've already been in a depression for 18 months. I can't buy a loaf of bread with gold, and the only ones pumping gold are sellers of gold! Now...we're printing out of control, but other countries are printing more. The US dollar is still king if your talking about perspective here. That's why the dollar will surprise everyone and this guy will be wrong. But he's right about the bubble

[GoldSilverMedia]

That is a poor argument, can you buy a loaf of bread with stocks? real estate? Throughout history when people lose confidence in the currency, they always run back to gold. Gold is now reasserting itself as money.

[Seano71]

Dines is the man

[amrishkelkar]

@spokegetaboutit What would you like to say today, Sir, roughly a year after your original comment? The dollar index has been crashing, it has been making lows against several other currencies, and just couple of days ago America's debt was downgraded. In the meantime, Gold has been making new highs. Put differently, a year ago, if I held a dollar, it now (today) buys me less, while if I had bought some gold, today I can atleast buy the same amount of stuff (if not more).

[steeb12310]

Yes you are right.The dollar is king....of all ponzi schemes. Its not about walking into a hop and buying something with that physical gold. Its about preserving the face value of your hard earned paper crap. Anyway, why not act like a politician and just steal the bread??

[celyl]

I am sure if you walk into a bakery with a gold coin to buy a loaf of bread, someone will exchange that coin for dollars immediately so you buy your loaf. I guess you can do that with real etsate also but who is going to carry a property deed in their pocket.

[TadRapidly]

@sabrinacle D'oh!

[sabrinacle]

@TadRapidly no. Thats "Thing". Cousin It was the little hairy guy

[lexilicious74]

@spokegetaboutit "Gold hasn't changed in value at all.cash has."

LOL. That's kind of the point. As Bernanke keeps the presses running, as the US Gov't keeps running deficits, and as demand dollar denominated instruments fall, the value of the doillar as indexed against gold will drop.

Holding gold will not make you rich but it will help keep you from being poor. Silver, however, is at an almost all time low as indexed against gold.

OH! and hold on to your nickels!

[Liozeris]

@spokegetaboutit -- You do not buy a loaf of bread with a gold coin. You buy a working bakery with a gold coin. Silver is to make change.

Both have been money for 5,000 years.

I add; on the day of the NY bombing it took 45 ounces of gold to buy the DOW.

Today it takes 8.1 ounces of gold to buy the DOW.

What was the question?

[eatandtravel]

Thanks for posting. Many thanks.