Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: LRoggy

Nice sentiments, however, one thing that has been consistent for some 800 years has been gold.

Fiat currencies like the dollar come and go.

How long can a fiat dollar last when we have a government and Fed that take in $2.5Trillion per year, yet budget $3.77 per year while we have a public debt of $100Trillion, entitlements of $2.6Trillion and interest on official debt of $2.5Trillion?

Gold is merely a store of value - as the dollar used to be. All currencies are fiat currencies these days, while the US Dollar at present may be the very finest horse in the glue factory, this game is far from over.

The dollar is nothing more than a promise to store value - however, anyone who can count can see that the dollar is only the ‘wrapper’ that value used to come in.

“God’s Money” has always been gold, as they are not making any more of it, and its scarcity is virtually its insurance. At the moment, governments are playing their usual games and attempting to manipulate the market - they have always done so.

Even in the USA, the scoundrels made possessing gold ILLEGAL - like owning drugs. They did this to force people into the banking system and fiat currency. This is happening again - new taxes, central banks selling gold, markets in turmoil...

Go ahead and believe what you read in the papers, believe what the government tells you.

At the end of the day, when this is all over, it will prove to be better to have had gold or silver stuffed in your mattresses than dollars that will prove to be worthless.


10 posted on 04/15/2013 12:03:02 PM PDT by Bon mots (Abu Ghraib: 47 Times on the front page of the NY Times | Benghazi: 2 Times)
[ Post Reply | Private Reply | To 9 | View Replies ]


To: Bon mots

“At the end of the day, when this is all over, it will prove to be better to have had gold or silver stuffed in your mattresses than dollars that will prove to be worthless.”

NO!!!!!!!!

I will be the one with the Guns, Water supply and safe food. You can take your gold and good luck surviving on that.

And I don’t care WHAT the newspapers write or what the government says, I keep MY OWN COUNSEL.

A store of value? HA HA HA.


11 posted on 04/15/2013 12:18:19 PM PDT by LRoggy (Peter's Son's Business)
[ Post Reply | Private Reply | To 10 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson