Gold as a proxy for faith in government
HJP
Posts: 423 ✭✭✭
Is gold a proxy for our faith in government?
Why or why not?
HJP
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HJP
Posts: 423 ✭✭✭
Comments
no, has nothing to do with government and everything to do with lack of faith in the currency. This is true for every nation in the world.
our income tax payments are our proxy for our faith in government, and even that is forced upon us.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The faith for the government and monetary policy ended more than three decades before my birth.
The government is not going to save you. Gold probably won’t either but I’ll take my chances with the latter
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Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Ones only savior is the knowledge to properly use all the tools at their disposal. The hard part is knowing which tools you will need.
Knowledge is the enemy of fear
Faith in government??
What a joke!! I believe in myself - period, exclamation point. Cheers, RickO
What about your "unlimited line of credit with Congress."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Governments come and go, but gold goes on and on like the energizer bunny.
Gold is a proxy for labor.
The Founders designed our Constitution specifically to limit the powers of government. They were 100% correct in their approach. Faith in government is completely misplaced.
"Gold is money, and nothing else" - J.P. Morgan
I knew it would happen.
Gold is a proxy for labor.
Gold up 8% and silver up 18% in a week as FED bailout balance sheet tops $5 trillion.
Hey, but it's only money and it now grows on trees.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The founders didn't have a lot of faith in being an English colony.
Gold is a proxy for labor.
I guess I'd better not ask you what silver is.
I knew it would happen.
Oh go ahead. I have beefsteak for a black eye.
Oh go ahead. I have beefsteak for a black eye.
Hey, that's why I didn't ask!
I knew it would happen.
If gold is a proxy for labor, how is labor valued in terms of gold?
And I don't mean the spot price divided by the number of hours.
But they did have faith in their paper money which was one of the indirect causes of the American Revolution. The crown banned the colonies from issuing money - ie all but the 1773 Virginia halfpennies and the 1723 Rosa Americana coins were not permitted by the crown. The paper money was a particular irritant as some attempted purchase of goods from England with the paper - which didn't go over well. And all that paper the colonies issued eventually returned to it's real value - zero.