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Re: Somebody wants to buy Gold!
the currencies vs. the USD are practically crashing today...and gold is down a whopping US$42.
It's a flight into the USD. I guess the "bailout" vote was bullish for the USD.
We have to be patient, we who Believe In Gold. We must await the point where confidence in PAPER declines. It isn't there yet.
The stoopid Maria whatever-her-name-is yesterday on CNBC breathlessly explained that investors were participating in a "flight to tangibles."
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Re: Somebody wants to buy Gold!
Oh my dear chap............fear not having waited 4-5 years for this house/credit bubble to burst..........i can wait for the $/£ to crash & burn ;)
MikeComment
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Re: Somebody wants to buy Gold!
I believe it's Maria Big-Blowjob-Lips Baritiromo.Originally posted by grapejelly View PostComment
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Re: Somebody wants to buy Gold!
One needs the sovereign's paper money every day to pay the bills and to keep the wolves from the door. That is the problem we face.
Ofcourse we can sell a gold coin each day ( like Pippy Longstocking ) to pay the bills, but that involves a great deal of energy and inconvenience, not to mention: brokerage commissions, hidden charges, shipping fees, spreads, parking costs, time, gasoline, speed traps, meter-maids, car repairs, safe deposit fees, robbery risk, taxes, etc.
Hence, the public holds sovereign paper money because the debts the public faces are denominated in sovereign paper, not to mention the additional fact that our bankers only accept sovereign paper money in our banking accounts. We also get paid in sovereign paper money, not in gold.
So, these facts of life beg the question: When will the sovereign nations go onto the gold standard? And sadly, the answer to that question is likely to be never.
Even after nations like Argentina, Brazil, Isreal, Peru, Chile, Zimbabwe, Bolivia, Russia, and Yugoslavia have destroyed one currency after another, back-to-back, these nations persist in using their sovereign paper money and not gold. What is noteworthy is the extent that both the public and the public's government will go to in order to continue the use of an inflationary paper money..... Not one of these nations is even now on the gold standard.Comment
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Re: Somebody wants to buy Gold!
We had Amanda and Maria mentioned on the forums from CNBC todayOriginally posted by jtabeb View Post
There are so many more
http://www.gogomag.com/talkingheads/msnbc_cnbc_f.phpComment
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Re: Somebody wants to buy Gold!
You are wrong in your analyisis, It is the Richest nations that will do this first, not the poorest, and you conclusion is wrong. I think the Oil/Energy producers will be first, and when that hammer drops, It will force a defacto monetization of gold world wide. (unless you can get your oil or energy somewhere else, that is);)Originally posted by Starving Steve View PostComment
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Re: Somebody wants to buy Gold!
New Rules: never accept advice from someone who's enthusiastic about giving it.Originally posted by D-Mack View PostComment
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