Home › Forums › Financial Markets/Economics › The writing is on the wall!
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Djshakes.
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January 25, 2009 at 11:51 AM #336106January 25, 2009 at 12:59 PM #335668
4plexowner
Participant“If Gold becomes the standard it will be valued as all commodities are”
gold is a currency and has begun trading as such again
been that way for 5000 years and will continue that way for another 5000
January 25, 2009 at 12:59 PM #335997Participant“If Gold becomes the standard it will be valued as all commodities are”
gold is a currency and has begun trading as such again
been that way for 5000 years and will continue that way for another 5000
January 25, 2009 at 12:59 PM #336083Participant“If Gold becomes the standard it will be valued as all commodities are”
gold is a currency and has begun trading as such again
been that way for 5000 years and will continue that way for another 5000
January 25, 2009 at 12:59 PM #336111Participant“If Gold becomes the standard it will be valued as all commodities are”
gold is a currency and has begun trading as such again
been that way for 5000 years and will continue that way for another 5000
January 25, 2009 at 12:59 PM #336199Participant“If Gold becomes the standard it will be valued as all commodities are”
gold is a currency and has begun trading as such again
been that way for 5000 years and will continue that way for another 5000
January 25, 2009 at 1:05 PM #335678peterb
ParticipantGold is real money. 2000 year track record of sustaining it’s purchasing power. Relatively transportable and a store of wealth that’s not easily corrupted. It’s relative strength to all other assets at this time makes it the best performer other than the US$. And it has recently been beating up on the US$ as well.
January 25, 2009 at 1:05 PM #336007ParticipantGold is real money. 2000 year track record of sustaining it’s purchasing power. Relatively transportable and a store of wealth that’s not easily corrupted. It’s relative strength to all other assets at this time makes it the best performer other than the US$. And it has recently been beating up on the US$ as well.
January 25, 2009 at 1:05 PM #336093ParticipantGold is real money. 2000 year track record of sustaining it’s purchasing power. Relatively transportable and a store of wealth that’s not easily corrupted. It’s relative strength to all other assets at this time makes it the best performer other than the US$. And it has recently been beating up on the US$ as well.
January 25, 2009 at 1:05 PM #336121ParticipantGold is real money. 2000 year track record of sustaining it’s purchasing power. Relatively transportable and a store of wealth that’s not easily corrupted. It’s relative strength to all other assets at this time makes it the best performer other than the US$. And it has recently been beating up on the US$ as well.
January 25, 2009 at 1:05 PM #336209ParticipantGold is real money. 2000 year track record of sustaining it’s purchasing power. Relatively transportable and a store of wealth that’s not easily corrupted. It’s relative strength to all other assets at this time makes it the best performer other than the US$. And it has recently been beating up on the US$ as well.
January 25, 2009 at 1:20 PM #335688Arraya
ParticipantI hold physical gold because I know it’s history. I also know the human propensity to destroy fiat currency. It must be something about the lure of infinite wealth that gets them every time. There is something very “Lord of the Rings” about the power to create money and it’s inevitable corruption.
However, when this system crashes and it inevitably will, I’m not sure gold will help. Why, because I think the gold holders will be in the vast minority and I think in a situation like that majority will rule and that will be the non-gold holders.
In the end, it will just be local communities working together to take care of each others need. We might just find that, that is more indicative of freedom than being able to get a toaster oven and 2am.
97% of that fiat on our books does not even really exist. It’s pixel money. Faith based. If enough people don’t believe in it it ceases to have value. No matter how much you have.
The fiat wizards keep on preaching but the congregation is losing faith.
Control-alt-delete coming
January 25, 2009 at 1:20 PM #336017ParticipantI hold physical gold because I know it’s history. I also know the human propensity to destroy fiat currency. It must be something about the lure of infinite wealth that gets them every time. There is something very “Lord of the Rings” about the power to create money and it’s inevitable corruption.
However, when this system crashes and it inevitably will, I’m not sure gold will help. Why, because I think the gold holders will be in the vast minority and I think in a situation like that majority will rule and that will be the non-gold holders.
In the end, it will just be local communities working together to take care of each others need. We might just find that, that is more indicative of freedom than being able to get a toaster oven and 2am.
97% of that fiat on our books does not even really exist. It’s pixel money. Faith based. If enough people don’t believe in it it ceases to have value. No matter how much you have.
The fiat wizards keep on preaching but the congregation is losing faith.
Control-alt-delete coming
January 25, 2009 at 1:20 PM #336103ParticipantI hold physical gold because I know it’s history. I also know the human propensity to destroy fiat currency. It must be something about the lure of infinite wealth that gets them every time. There is something very “Lord of the Rings” about the power to create money and it’s inevitable corruption.
However, when this system crashes and it inevitably will, I’m not sure gold will help. Why, because I think the gold holders will be in the vast minority and I think in a situation like that majority will rule and that will be the non-gold holders.
In the end, it will just be local communities working together to take care of each others need. We might just find that, that is more indicative of freedom than being able to get a toaster oven and 2am.
97% of that fiat on our books does not even really exist. It’s pixel money. Faith based. If enough people don’t believe in it it ceases to have value. No matter how much you have.
The fiat wizards keep on preaching but the congregation is losing faith.
Control-alt-delete coming
January 25, 2009 at 1:20 PM #336131ParticipantI hold physical gold because I know it’s history. I also know the human propensity to destroy fiat currency. It must be something about the lure of infinite wealth that gets them every time. There is something very “Lord of the Rings” about the power to create money and it’s inevitable corruption.
However, when this system crashes and it inevitably will, I’m not sure gold will help. Why, because I think the gold holders will be in the vast minority and I think in a situation like that majority will rule and that will be the non-gold holders.
In the end, it will just be local communities working together to take care of each others need. We might just find that, that is more indicative of freedom than being able to get a toaster oven and 2am.
97% of that fiat on our books does not even really exist. It’s pixel money. Faith based. If enough people don’t believe in it it ceases to have value. No matter how much you have.
The fiat wizards keep on preaching but the congregation is losing faith.
Control-alt-delete coming
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