Posted on 07/24/2010 2:21:26 PM PDT by citizenredstater9271
Ron Paul explains why we need to put our money in gold and how we can do that as America slowly drifts towards socialism.
I'm fully aware I can't change any one's mind about Dr. Paul on FR but please listen to this video you might agree with some of what he says.
Ask yourself what would the Founding Fathers do?
There is a third possible use for the stuff: half again denser than lead, soft, and totally inert, gold would be the absolute ideal metal for waterfowl shot. You could kill geese all day long with 2.75" shells, and %7 shot, or at most %6. But at today's prices, that would be around $2000 a shot.
But there is in fact hope. Plasma physicists are now fairly certain that all agglomeration of mass into solid form (99.999% of the material in the universe is in plasma form) in the universe is via the Z-pinch effect associated with Birklande currents, which is why we ever find any heavy metals near the planet's surface at all. That says it may shortly in fact become possibly to simply MAKE gold and other metals out of water, dirt, or whatever is to hand and the stuff might in fact become cheap enough to hunt geese with. You'd have to alloy it with something harder to make it withstand the acceleration without deforming of course or you'd never hit anything past 20 yards.
There is also as I noted the fact that we are in a deflationary spiral at present and that is not likely to change soon, while gold is normally thought of as a hedge against inflation. Caveat Emptor.
“Gold has always been viewed as a hedge against inflation. Kinda dumb to be buying it at high prices in a deflationary spiral like we’re in now....”
If the price of gold is being suppressed then it’s a buying opportunity. Alchemy articles finding their way into media are typical of the strategies used by banking industry enablers.
Simply put, rising gold prices make banks’ fiat look bad or a competitive medium of exchange is unwanted. Gold has no debt attached to it other than the one time fees and costs to acquired it.
Basically, you acquire gold (or precious metals) in times of loss of confidence in fiat then sell it for fiat when an acceptable medium of exchange arises out of the ashes of this banking/monetary meltdown in progress.
This is the only way to preserve you wealth in times such as these.
I wouldn’t confuse ‘deflation’ with ‘loss of confidence’ when discussing currencies.
Every law is constitutional until the Supreme Court says different. We may not like them, but it is the Supreme Court that makes the final decision.
OK but how is the income tax able to go along with the idaes of liberty found in the Constitution? If the Foudners were alive today they would be shocked at income tax and the run away FED.
They might also be shocked at hot water showers, the internet, ‘repeating’ rifles- no muzzle loading, HD television, Olive Garden, Mini skirts, Bikinis, refrigeration, indoor plumbing, WWE, NASCAR, pet rocks, rubick’s cube, disco, Wal-mart, airlines, I-pods, toilet paper, mouse traps, snow blowers, chainsaws, lawnmowers, ice tea, Tabasco sauce, cell phones, electric ranges, cars, freeways, radio, tacos, tree huggers, hang gliders, hand gernades, tanks, gasoline, dishwashers, credit cards, porn, baseball, gun bans, NFL, Johny Cash (ugg), pizza, father's day, and bankruptcy.
Times DO change. I am not saying the founder's are wrong, but things must be viewed in just a little bit different light now.
BTW, “Dr.” Paul is NO founding father.
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