Dollar Collapse and Obtaining Assets - Part Two
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@HypnosisForInsomnia Lookin' good now :)
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@endlessmountain If not 140, it was darn close. Point is Gold TANKED if you bought it at the height of that inflation panic.
People here are preaching BUY HIGH, SELL LOW.
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@HypnosisForInsomnia $140? Really wow, in what currency? Because it was not in USD. Also by using fun math the rate of increase from 35 to 800 was greater than 20. Greater than 20 from what the real bottom is of 250 (not 140) over 5.500 and the currency is fiat with people or sheep waking up in masses :)
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@lilgooberhead In 1979, everyone was saying the same thing when Gold was $800.00 an ounce.
It dropped to 140 or lower after that.
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@endlessmountain Where did I state that Silver had no utility?
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@jjenson2006 please research silvers uses in line with "commodities providing in utility" for the utilities that they are used for and why no there metal can even come close to what silver can do.
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@HypnosisForInsomnia "Food is cu4rrency becuase you can eat it. Commodities are currency because they provide utility. Gold and silver are almost worthless intrinsically, except for their value as actual metal."
Gold & Silver are commodities. Gold does have utility value because it is used for plating in electronics. But a commodity doesn't have to have a utility purpose to have intrinsic value. If you say food has intrinsic value only because you eat it, then all foods would cost the same.
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I like the ending.
The moral of the story is ... Buy gold and get lucky!
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At the 3 for 1 sale at Jos A. Banks, an ounce of gold will buy you 3 expensive suits! (or 9 cheap ones).
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Watch Europe, Greece, you can see the future.
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Derek, you need a date....
sinitskyd 2 years ago 9
lol, I liked the ending. Thanks for the vid, as cute as the first. :)
simplewhimsy 2 years ago 4