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

Status: Not Logged In; Sign In

Mag 7 Quake off the coast of Northern California Making Sense of Elon Musk's Plans. Ode to the Jeffrey Epstein Files (🔥 Just Forget About It!) – AI Parody Song ‘We are the big tent party of freaks and misfits.’ Deutschland Unter Allen! Inbound: Earth Changes, Inflation, Food Riots, Civil Wars What REALLY brought down Building 7? Firefighters expose the truth of 9/11 Locusts Descending on Ukraine Seven Reasons Why PBS And NPR Deserve To Be Defunded Why the U.S. Buys So Much Nuclear Fuel From Russia | WSJ Another No News Day Surveillance Video Shows Illegal Alien Kidnapping Elderly Woman Tucker's Epstein comments trigger official Israeli backlash Houthis Launch Mach 16 Ballistic Missiles At Israel “Treasonous Conspiracy” – Tulsi Gabbard Calls for Prosecution of Barack Obama, Jim Comey, John Brennan and Others TOO MANY CRACKS ! ERUPTION LIKELY IN ITALY ! Volcanology Conference in Geneva ! "I Tried To Warn Everyone!" - Elon Musk (Joe Rogan not in this video) They Are Gambling the National Security of the U.S. on a Single Point of Failure Cloud Seeding and Chem Trails across America (EPA Word Games) Israeli settlers killed 117 sheep and stole hundreds more during an overnight CBS to cancel Late Show with Stephen Colbert just days after host blasted company's settlement with Trump as 'big fat bribe' Joe Concha: Stephen Colbert's show was 'no longer entertainment at this point' California bill SB549 lets state seize fire-damaged land. Israel's DARK SECRET Genocide Economy EXPOSED | Francesca Albanese TORNADO + WILDFIRE = FIRENADO ! UTAH "False, Malicious, Defamatory" - Trump Demands Unsealing Of Epstein Files, Threatens Lawsuit After WSJ Hit Piece Russia After Russia || Peter Zeihan EUROPE IS COLLAPSING: €2 TRILLION MEGABUDGET Will Bankrupt the Entire Continent Extending Microsoft 10 Trump Says Coca-Cola Agreed On Major Reformulation To Use Real Cane Sugar

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: 124
Comments: 5

Post Comment   Private Reply   Ignore Thread  

#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.

I want either less corruption or more opportunity to participate in it. Ashleigh Brilliant

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

"It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brush fires of freedom in the minds of men." -- Samuel Adams (1722-1803)‡

"The ground of liberty is to be gained by inches, and we must be contented to secure what we can get from time to time and eternally press forward for what is yet to get. It takes time to persuade men to do even what is for their own good." -- Thomas Jefferson

ghostdogtxn  posted on  2011-01-05   8:28:56 ET  Reply   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 .....

I want either less corruption or more opportunity to participate in it. Ashleigh Brilliant

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

"It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brush fires of freedom in the minds of men." -- Samuel Adams (1722-1803)‡

"The ground of liberty is to be gained by inches, and we must be contented to secure what we can get from time to time and eternally press forward for what is yet to get. It takes time to persuade men to do even what is for their own good." -- Thomas Jefferson

ghostdogtxn  posted on  2011-01-05   16:05:04 ET  Reply   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.

I want either less corruption or more opportunity to participate in it. Ashleigh Brilliant

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

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