[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

Trump Wanted to Pardon Assange and Snowden. Blocked by RINOs. What The Pentagon Is Planning Against Trump Will Make Your Blood Run Cold Once Revealed How Trump won the Amish vote in Pennsylvania FEC Filings Show Kamala Harris Team Blew Funds On Hollywood Stars, Private Jets Israel’s Third Lebanon War is underway: What you need to know LEAK: First Behind-The-Scenes Photos Of Kamala After Getting DESTROYED By Trump | Guzzling Wine!🍷 Scott Ritter Says: Netanyahu's PAINFUL Stumble Pushes Tel Aviv Into Its WORST NIGHTMARE These Are Trump's X-Men | Dr. Jordan B. Peterson Houthis (Yemen) Breached THAAD. Israel Given a Dud Defense!! Yuma County Arizona Doubles Its Outstanding Votes Overnight They're Stealing the Race from Kari Lake Trump to withdraw U.S. troops from northern Syria Trump and RFK created websites for the people to voice their opinion on people the government is hiring Woke Georgia DA Deborah Gonzalez pummeled in re-election bid after refusing Laken Riley murder case Trump has a choice: Obliterate Palestine or end the war Rod Blagojevich: Kamala’s Corruption, & the Real Cause of the Democrat Party’s Spiral Into Insanity Israel's Defense Shattered by Hezbollah's New Iranian Super Missiles | Prof. Mohammad Marandi Trump Wins Arizona in Clean Sweep of Swing States in US Election TikTok Harlots Pledge in Droves: No More Pussy For MAGA Fascists! Colonel Douglas Macgregor:: Honoring Veteran's Day Low-Wage Nations? Trump to pull US out of Paris climate agreement NYT Pixar And Disney Animator Bolhem Bouchiba Sentenced To 25 Years In Prison Six C-17s, C-130s deploy US military assets to Northeastern Syria SNL cast members unveil new "hot jacked" Trump character in MAGA-friendly cold open Here's Why These Geopolitical And Financial Chokepoints Need Your Attention... Former Army Chief Moshe Ya'alon Calls for Civil Disobedience to Protest Netanyahu Government The Deep State against Trump A Post Mortem Autopsy: From A Diddy Party to a Pity Party Whoopie Goldberg Blames Inflation on Grocery Store Owners, Calls Them Pigs Sean ‘Diddy’ Comb’s Attorneys Seek $50M Bail Package,

World News
See other World News Articles

Title: The New Gold Rush
Source: NickBarisheff's Instablog
URL Source: [None]
Published: Jan 4, 2011
Author: Nick Barisheff
Post Date: 2011-01-04 16:37:20 by ghostdogtxn
Keywords: None
Views: 63
Comments: 5

Post Comment   Private Reply   Ignore Thread  

Begin Trace Mode for Comment # 5.

#1. To: ghostdogtxn (#0)

Today, gold is telling us that it can protect our wealth as it has successfully done for thousands of years. In such uncertain times, it is comforting to know that bullion ownership allows for sovereignty over personal economic destiny, and can change the way we view and experience economic reality.

I freely admit I know nothing of economics, but I just don't get all this hype about gold and I completely distrust it.

1. So what if gold climbed from $275 an ounce to over $1,400 since 2002? In 2002 $275 may have been worth $275. What is $1,400 worth to-day? About $275.

2. Can you eat gold? Who would trade a bag of flour for an ounce of gold in a starving world?

3. Go ahead and hoard gold and you will find out that it really has no intrinsic worth, unless governments the world over return to the gold standard for their monetary policy. That is not likely to happen in the near future, if at all.

4. The lure of gold is purely psychological.

angK  posted on  2011-01-05   0:52:23 ET  Reply   Untrace   Trace   Private Reply  

ghostdogtxn  posted on  2011-01-05   8:28:56 ET  Reply   Untrace   Trace   Private Reply  

But being something that never loses value, it is a very useful thing to own in uncertain times.

This is where my mind boggles. Of what use will gold be when the government seizes pension funds (and they will), and they depreciate the dollar to worthlessness, (and they will), and they tax your real estate and income to such prohibitive levels that engaging in business is a waste of time.

In a time such as you describe, WHAT WILL YOU TRADE YOUR GOLD FOR? Barrels of worthless dollars? When they seize your property, will you eat gold? Your neighbours will not give you a crust of bread for all your gold.

"Uncertain times" barely covers the era which is coming. Gold will be a useless commodity. It is merely a beacon, a scam to-day, to get you to invest your money in another get rich quick ponzi scheme. All that glitters .....

angK  posted on  2011-01-05   15:57:30 ET  Reply   Untrace   Trace   Private Reply  

ghostdogtxn  posted on  2011-01-05   16:05:04 ET  Reply   Untrace   Trace   Private Reply  

Sure they will. Russia went through such times, and so did many other European states. My neighbors will give me better than a crust of bread for the gold, because a black market will inevitably develop in necessary items. Gold will most certainly be a part of that black market, because it is 1) divisible 2) transportable, and 3) has a high relative value to it's mass. It's a lot harder to carry around a sack of flour than it is to carry around the single piece of gold that will buy you 500 lbs of the stuff.

I applaud your optimism.

angK  posted on  2011-01-05   16:18:36 ET  Reply   Untrace   Trace   Private Reply  

        There are no replies to Comment # 5.

End Trace Mode for Comment # 5.

Top • Page Up • Full Thread • Page Down • Bottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]