Posted on 07/12/2009 3:50:35 PM PDT by Daffynition
here it comes......and America is still asleep
Even if the price is $15,000/ounce for dollars and 500/ounce for Euros and Renminbi - as it is sure to be.
.....and Obama would agree to it. Its called “redistribution of wealth” don’t you know.
R e l a x , Captain Literal.
It's an old joke around here.
Apparently an inside joke.
Put your trust in God, not in a coin, or paper, with "In God We Trust" stamped on it.
However, for monetary value you trust, trust gold coins!
2) Minted coins - ostensibly for collectible value but are also more easily trade-able. Silver or gold eagles or coins from various countries.
3) Bullion - silver 1000 oz bars have little premium over the spot price. Smaller denominations do, in either case you would want to get the bullion from a recognized mint.
Silver has been money for longer than gold has been money. It follows the gold market usually pretty well. Last Nov-Dec-08 gold began rising and silver didn't immediately follow. I think it has been correcting that gap recently.
Precious metals ought to be in everyone's asset mix - at least 10-20%. Since Obama is spending and inflating more PMs should be accumulated defensively.
With powerful worldwide parties looking to diversify out of the dollar, the idea of a gold based one seems to me to make the most sense. On the other hand the notion that a few other fiat currencies can be strapped together and weighted as a bundle of alternative fiat currencies is just a useless idea. We trade off one governments incredulous fiat currency performance for a basket comprised by other incredible central bankers with their political agendas. That would be sick. Only a hard-currency backing will work for replacing the dollar.
Oh! [head slap] You’re so-o-o-o right!
It must be old age.
“I think you mean “Esperanto.” “
Oh-h! [head slap] You’re so-o-o-o right!
It must be old age.
Hi Guys,
Thanks for the excellent replies regarding precious metals.
I’m sure others will also benefit from your contributions. :)
That's exactly how I see it. For me money is starting to seem more of a convenience factor for exchange, but not as a store of value. In fact, the practice of bundling fiat currencies seems to me about as sensible as bundling bad mortgages.
Obama is signing us up in final contracts phase as I type this.
Could someone put me on the NWO ping list so I don’t miss this again.
I guess the next ping is when the falsemessiah announces it.
great. A Squawbuck. This is how the Capitol Hill and Goldman Sachs clowns will attempt to evade the tar....feathers..rails..
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