SOROS: "GOLD IS NOT SAFE"... MORE LIES 9-16-2010

Link From: http://www.newzzcafe.com/

Fire, fire, fire... Soros is again moping on TV and the financial headlines are about gold being in a bubble!

Soros said that with economic and fiscal weakness crimping the developed world all investments are at risk because "this is a period of great uncertainty so nothing is very safe."

"I called gold the ultimate bubble, which means it may go higher. But it's certainly not safe and it's not going to last forever," he said.

If you believe this rotting lying piece of sh@$%ttt, you will lose everything and crash right along with the DOLLAR (FEDERAL RESERVE NOTE)...

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[otester]

This guy is one of the elitists along with Rockefeller and co.

Not to be trusted.

[araarmo]

@TWSceptic He understands very well, he just aims to confuse the average idiot who is uninformed about the current demise of fiat currencies.

[gudster]

@dobberdoss

well if you think civilization is coming to an end, then you may be correct.

but the probability is that we are still going to be in a situation where trade is required, and gold is the ideal medium.

so i will leave you to your glorious isolationist dog-eat-dog end-of-the-known-world scenario.

[dobberdoss]

@gudster ,

Ah, I did, not you (keep up) If I controlled your water supply why would I want your worthless gold? If i controlled your food supply why would I feel the need for worthless gold?

Life IS about survival, By all means you collect your gold but don't think for a second I will trade my water, food, or warmth for it.

[Dutchguy74]

There is no such absolute as "safe" in this world. What is the value of gold ? whatever people are willing to pay for it. You won the gold ? or you won a paper that says you won gold ? even if you won a gold bar physically ? are you sure it is gold ? Can the government confiscate your gold or manupulate the value by selling it short ? How safe is your gold ?

[gudster]

@gudster

*nowhere near*

[gudster]

@gakobicum

gold is nowhere any mania, just yet.

less than 1% of population have any exposure to it.

its still only around a quarter of the way (600%) to the 1980 bubble height (2300%), in terms of % rise from $ price at start of bull market.

[gakobicum]

@gudster In fact gold has almost never been money, but a form of respectable and universal treasury insurance.If the $ dies your government will seize your gold. And because you're talking about value, let me tell you: value of an asset is based on its potential return. Alas, the return of gold is 0, except in fiat money during inflationary times. There is no sure thing; the Titanic also was unsinkable, wo were the stocks in 2000 or Japan in 1980. Be careful and never follow manias. Good luck.

[gudster]

@dobberdoss

sorry?.. where did i say gold was needed for survival?

it is an intermediate, tradeable store of wealth.. ie. money.

eg. you have excess of water... you trade that for gold... then later trade that for food & warmth.

since it also can't be counterfeited, it serves this purpose well.

[dobberdoss]

@gudster ,

Wrong, as you don't need gold for survival. Only 3 things have intrinsic "value". Water, Food, Warmth. Nothing else is required, not even gold. Try eating your gold? or drinking your gold? or getting all cuddly with your gold?

Worshipping a piece of 'bling' of any kind is just pathetic

[gudster]

@dobberdoss

no, the value of gold is not based on '$ values'....i think you confuse value with 'price'.

if the $ dies, gold does not become worthless.

that's a retarded view.

gold is and always has been, real money.

a transportable, non-perishable, fungible, divisible store of wealth.

[boltonblows]

This guy is 100 years old and instead of enjoying his rocking chair and grandchildren, he is still hell bent on ammassing wealth, controlling politicians, and ushering in a new world order. Just croak, you evil bastard.