OK, we are down graded: AA+ (Still a long way from F+ guys)

[The-Shoveler]

It’s very funny , the Swiss franc is up because it’s gold based, now listen to this,

U.S.A. citizens personally own more gold than the rest of world.

The United States holds the largest gold reserve in the world. With 8,133.5 tonnes, the US gold holdings are worth approximately $269.67 billion.

OK now here is the real funny part,

Do the math

$269.67 billion is about 2% of our annual USA GDP .

There is no way in heck it could be used for money, it’s just for watches jewelry etc…

That’s it’s total value in life.

[scaredyclassic]

You’re right. Gold is a barbarous relic, there’s no reason to move any assets into it. It produces nothing. It just sits there. What good is it? It’s just another element amongst many, backed by no government with nothing intrinsically good about it. It is much better to have real money in a bank, an insured bank, backed by the full faith and credit of the most powrful nation on earth than a pile of stupid old metal.

[scaredyclassic]

You’re right. Gold is a barbarous relic, there’s no reason to move any assets into it. It produces nothing. It just sits there. What good is it? It’s just another element amongst many, backed by no government with nothing intrinsically good about it. It is much better to have real money in a bank, an insured bank, backed by the full faith and credit of the most powrful nation on earth than a pile of stupid old metal.

[scaredyclassic]

You’re right. Gold is a barbarous relic, there’s no reason to move any assets into it. It produces nothing. It just sits there. What good is it? It’s just another element amongst many, backed by no government with nothing intrinsically good about it. It is much better to have real money in a bank, an insured bank, backed by the full faith and credit of the most powrful nation on earth than a pile of stupid old metal.

[scaredyclassic]

You’re right. Gold is a barbarous relic, there’s no reason to move any assets into it. It produces nothing. It just sits there. What good is it? It’s just another element amongst many, backed by no government with nothing intrinsically good about it. It is much better to have real money in a bank, an insured bank, backed by the full faith and credit of the most powrful nation on earth than a pile of stupid old metal.

[scaredyclassic]

You’re right. Gold is a barbarous relic, there’s no reason to move any assets into it. It produces nothing. It just sits there. What good is it? It’s just another element amongst many, backed by no government with nothing intrinsically good about it. It is much better to have real money in a bank, an insured bank, backed by the full faith and credit of the most powrful nation on earth than a pile of stupid old metal.

[The-Shoveler]

Well hmmm paper has it’s draw backs as well,
Inflation is the main reason people are forced to invest other than just sit on their money,
as I once heard, money is like manure, you got to spread it around or it just sits there and stinks.
Well I guess you could just keep the gold all nice a shiny and look at it.

[The-Shoveler]

Well hmmm paper has it’s draw backs as well,
Inflation is the main reason people are forced to invest other than just sit on their money,
as I once heard, money is like manure, you got to spread it around or it just sits there and stinks.
Well I guess you could just keep the gold all nice a shiny and look at it.

[The-Shoveler]

Well hmmm paper has it’s draw backs as well,
Inflation is the main reason people are forced to invest other than just sit on their money,
as I once heard, money is like manure, you got to spread it around or it just sits there and stinks.
Well I guess you could just keep the gold all nice a shiny and look at it.

[The-Shoveler]

Well hmmm paper has it’s draw backs as well,
Inflation is the main reason people are forced to invest other than just sit on their money,
as I once heard, money is like manure, you got to spread it around or it just sits there and stinks.
Well I guess you could just keep the gold all nice a shiny and look at it.

[The-Shoveler]

Well hmmm paper has it’s draw backs as well,
Inflation is the main reason people are forced to invest other than just sit on their money,
as I once heard, money is like manure, you got to spread it around or it just sits there and stinks.
Well I guess you could just keep the gold all nice a shiny and look at it.

[DomoArigato]

[quote=Nor-LA-SD-GUY2]
OK now here is the real funny part,

Do the math

$269.67 billion is about 2% of our annual USA GDP .

There is no way in heck it could be used for money, it’s just for watches jewelry etc…

That’s it’s total value in life.[/quote]

Jim Grant was on the boob tube the other day saying that the U.S. should go back to the gold standard. He is supposedly a respected commentator on interest rates.

However, like you, I see no way in hell that we could go back to the gold standard. It would basically involve inflating the price of gold like a 1000 times its current value.

[DomoArigato]

[quote=Nor-LA-SD-GUY2]
OK now here is the real funny part,

Do the math

$269.67 billion is about 2% of our annual USA GDP .

There is no way in heck it could be used for money, it’s just for watches jewelry etc…

That’s it’s total value in life.[/quote]

Jim Grant was on the boob tube the other day saying that the U.S. should go back to the gold standard. He is supposedly a respected commentator on interest rates.

However, like you, I see no way in hell that we could go back to the gold standard. It would basically involve inflating the price of gold like a 1000 times its current value.

[DomoArigato]

[quote=Nor-LA-SD-GUY2]
OK now here is the real funny part,

Do the math

$269.67 billion is about 2% of our annual USA GDP .

There is no way in heck it could be used for money, it’s just for watches jewelry etc…

That’s it’s total value in life.[/quote]

Jim Grant was on the boob tube the other day saying that the U.S. should go back to the gold standard. He is supposedly a respected commentator on interest rates.

However, like you, I see no way in hell that we could go back to the gold standard. It would basically involve inflating the price of gold like a 1000 times its current value.

[DomoArigato]

[quote=Nor-LA-SD-GUY2]
OK now here is the real funny part,

Do the math

$269.67 billion is about 2% of our annual USA GDP .

There is no way in heck it could be used for money, it’s just for watches jewelry etc…

That’s it’s total value in life.[/quote]

Jim Grant was on the boob tube the other day saying that the U.S. should go back to the gold standard. He is supposedly a respected commentator on interest rates.

However, like you, I see no way in hell that we could go back to the gold standard. It would basically involve inflating the price of gold like a 1000 times its current value.

[Author]

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