Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: tmp02

The rejection of the fiat valued metal known as "gold" is clear as is shown by it's fall in price today. As more and more people realize that there is nothing to back the value of this widely available naturally occuring metal, they will lose faith in it as a source of financial stability and it's price will drop further.

In fact, as evidence that those who support this un-backed form of valueless metal will go to no ends to keep up the ponzi scheme thrust upon us, I want you to think about this: everyday around the world there are hundreds of mines putting more and more gold into circulation at a profit. How can gold maintain it's value as daily there is a larger supply and less trust in it?

Or is this a bunch of strawman mumbo-jumbo? Anyway, have to go sell some gold. It's the greatest investment in the world and I want to sell mine!


13 posted on 12/14/2005 12:18:13 PM PST by Anitius Severinus Boethius
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Anitius Severinus Boethius

"FIAT VALUED METAL"

LOL!


15 posted on 12/14/2005 12:22:18 PM PST by Petronski (I love Cyborg!)
[ Post Reply | Private Reply | To 13 | View Replies ]

To: Anitius Severinus Boethius

Nicely done!


27 posted on 12/14/2005 12:57:17 PM PST by TheConservator (Confutatis maledictis flammis acribus addictis. . . .)
[ Post Reply | Private Reply | To 13 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


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