Posted on 12/06/2005 11:25:43 PM PST by Capitalism2003
LMAO, go out and by some salt and wait for it to appreciate.
And as far as "appreciation", gold still has a long way to go, to "appreciate" back to it's high. That high was reached about a quarter of a century ago. :-)
Gold has value printed currency does not. International bankers were sinking money into gold just prior to the crash of 1929. They were getting out of the market because they had orchestrated its collapse.
Try reading some factual history, instead of conspiracy trash.
The fact of the matter is, there was a world wide recession, with some nations in actual depressions, which finally caught up with America, after the mania, which fueled the uptick of our markets. Of course Joe Kennedy and his cronies shorting the market, as others tried valiantly to save it, didn't help and neither did FDR's oronic Socialistic "cures", nor did Smoot-Haley.
What...you didn'/t mention the Jooooooooos; or was your "world bankers" a way top include them?
Lets not try to make me anti-semite. My support for the Jewish people and for Israel is well documented on this site. But I will say that people in power want to stay in power that includes private banking cartels like the Federal Reserve, which any educated person knows is a private bank and not "federal". A bank owned by private companies that prints fiat money. Belief in this is not some wacko belief in a secret conspiracy. It is a well documented fact. And printing money not backed by a precious metal is exactly what the vast majority of founding fathers were against.
What next...that the "Swiss gnomes" and the Masons and the Buildyourownburgers and GOD knows who all else were all in on it?
You may or may not ( I don't know, as I am unfamiliar with your previous posting history ) support the Jews and Israel on FR, but the post on this thread, which I replied to, is right out of "THE PROTOCALS OF THE ELDERS OF ZION" and a raft of other anti-Semetic propaganda.
Gee...some of our FFs were also pro-slavery, two of them ( Jefferson and Franklin ) were also huge Francophiles, and none of them ever imagined that our borders ( two oceans, ya know.) could ever be breached by nukes.
Money, whether it's metallic, shells, paper, or something else, has NO static, intrinsic value; it's only worth what people accept it has.
And long after empires have risen and fallen throughout human history, an ounce of gold has held it's value. Hundreds of paper currencies have become worthless due to the GOVERNMENTS that control them. If you want your wealth in something the feds can't print at will, precious metals are the only way to go. Buying now might be risky, but if prices get a good dip, I will be taking advantage...especially with silver.
Is it a profitable bank? Who gets to keep the earnings?
Your just a troll looking for an argument.
Even with inflation, today's price of gold is hardly equivalent to what it was in 1960; for example.
It's fun AND good money. Hubby found a 9 ounce nugget and had fun finding it. We are gold bugs....have dredge, have sluice box, have gold bugs, have pans....love our "hobby". LOL
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