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

To: justshutupandtakeit

Ah NO!

By ALL RIGHTS a currency backed by precious metals should have been appreciating ALL these years, as the Founders provided for, instead of the pennies on the dollar it's worth now.

Our Founder's were genius's, they knew all about the Romans insisting in pure gold or silver coins when collecting taxes, (the coins have the file marks to prove it), but the Roman Republic had no problem issuing new coins that were silver coated copper - much like our copper plated aluminum.

No one should be without a fraction of their porfolio's being in gold.

The Fed and the New Dealers are all part and parcel of the same scam by banking, political and industrial elites, and we the people are reduced to worker bees, in the "Queens" service.


205 posted on 12/01/2005 7:55:39 AM PST by Marxbites
[ Post Reply | Private Reply | To 27 | View Replies ]


To: Marxbites

Since you admire the Founders perhaps you will note that they did NOT forbid federal issuance of paper money.

As to the rest of your paranoid raving - whatever. You cannot deny that the economic success of the US is unparalleled. Most of it coming after gold was relegated to the jewelry shops.

Worker bees my a$$. Sounds like you took more than a bite out of Marx's beliefs.


211 posted on 12/01/2005 8:42:04 AM PST by justshutupandtakeit (Public Enemy #1, the RATmedia.)
[ Post Reply | Private Reply | To 205 | View Replies ]

To: Marxbites

Gold is not an investment, and it does not appreciate in value. By definition, gold is a ~store~ of value.

It flucuates in ~price~, not value. Two different things.

By contrast, the fluctuation in price of a stock is in fact a change in value. The earning power or productivity of a company goes up or down, so the value of a share of stock goes up or down with it.


213 posted on 12/01/2005 8:43:42 AM PST by Ramius (Buy blades for war fighters: freeper.the-hobbit-hole.net --> 1000 knives and counting!)
[ Post Reply | Private Reply | To 205 | View Replies ]

To: Marxbites
By ALL RIGHTS a currency backed by precious metals should have been appreciating ALL these years

You want an appreciating currency? Isn't that deflation? Don't you think deflation is a bad thing?

215 posted on 12/01/2005 8:52:53 AM PST by Toddsterpatriot (The Federal Reserve did not kill JFK. Greenspan was not on the grassy knoll.)
[ Post Reply | Private Reply | To 205 | 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