The people who thought $200 per ounce was too high…$600 too high…$1000 will ‘never happen’…guess what’s next?
"Butler has 18 yearsâ?? experience in the global financial industry, having worked for European and US investment banks in London, New York and Germany.
The book says that the era of paper currency is coming to an end and a return to a gold backed dollar is basically inevitable.
McGeever starts the interview by saying that far from gold being expensive at $2,000/oz, gold may be â??the bargain of a life timeâ?? especially â??if the world returns to some form of gold standard.â??
That’s fucked up if it is. Kind of makes precious metals worthless. I’m surprised they’re not just using hydrogen instead of calcium. There’s probably a reason though.
Hopefully DrMatt can chime in on this, and maybe fill the gaps or debunk if it’s false.
[quote]pittbulll wrote:
I am no expert but gold could be another bubble [/quote]
Hey! Pittbull said something sensible. Wow!
Yes, the gold market may be a bubble ready to burst. Gold may rise. Alternatively, major economies like China and Russia could begin dumping their gold reserves sending the price down. Also, an oil based currency may supercede the U.S. dollar as opposed to gold. Or the Chinese Yuan. Or a pool of currencies.
The thing with alchemy , it could happen and if it does gold prices will plummet unless some one keeps it a big secret, A big discovery could happen as well , that is fucking funny
[quote]pittbulll wrote:
I am no expert but gold could be another bubble [/quote]
Hey! Pittbull said something sensible. Wow!
Yes, the gold market may be a bubble ready to burst. Gold may rise. Alternatively, major economies like China and Russia could begin dumping their gold reserves sending the price down. Also, an oil based currency may supercede the U.S. dollar as opposed to gold. Or the Chinese Yuan. Or a pool of currencies.[/quote]
The Chinese and Russians are accumulating gold at ever-increasing rates. They know that when the dust settles, international trade will HAVE to be done in a UNIVERSAL form of money.
Fiat money was born of the desire to have something-for-nothing. Governments got away with that for quite some time. But humans aren’t stupid – they know that paper is NOT a long-term store of value. Gold is.
Of course, a person who thinks ahead and switches to gold as a store of wealth will (1) be told they have a ‘windfall’ profit and are (2) UNPATRIOTIC. Both of these are laughable concepts, so think accordingly.
Of course, a person who thinks ahead and switches to gold as a store of wealth will (1) be told they have a ‘windfall’ profit and are (2) UNPATRIOTIC. Both of these are laughable concepts, so think accordingly.
[/quote]
Exactly. In fact you could even be contributing to a patriotic cause by doing so. Personally, I was always partial to Krugerrands.
Of course, a person who thinks ahead and switches to gold as a store of wealth will (1) be told they have a ‘windfall’ profit and are (2) UNPATRIOTIC. Both of these are laughable concepts, so think accordingly.
[/quote]
Exactly. In fact you could even be contributing to a patriotic cause by doing so. Personally, I was always partial to Krugerrands.[/quote]
I like coins that even the dummies in this country would recognize. Most Americans are so pathetically stupid that they wouldn’t know a K-rand from a bus token.
