Gold Rush in China
trozau
Posts: 3,455 ✭✭✭
trozau
Posts: 3,455 ✭✭✭
trozau
Posts: 3,455 ✭✭✭
Comments
Thats an interesting watch.
George Soro's be careful comment at the end seemed somewhat hollow.
If memory serves me, In the early 90's Soros was verbally keen on the British Pound while at the same time
making a killing shorting it.
–John Adams, 1826
<< <i>In the book "Aftershock", the Wiedemer's state the same thing - gold is currently forming a bubble. So, the timing of getting out will be important. They also state that gold will hit incredible highs (no number given) within the next eight or so years after which, as with all bubbles, the bubble will bust. I only hope it becomes obvious where the $ in gold should go when it comes time to bail. >>
8 years? The U.S. dollar will bust alot sooner than gold if we have to wait 8 years for a "gold bubble". The reason gold wont experience a bubble burst is because it may very well be a replacement to all the world's paper currencies. The world will not go on accepting the largest scam in the history of mankind...the dollar...forever!
We'll be lucky to have 8 months at this rate.
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<< <i>We'll be lucky to have 8 months at this rate. >>
Wolf, the folks that keep "strengthening" the dollar these days are very good at that game. Who knows how long they will keep the US $ afloat while other currencies tank?
–John Adams, 1826
<< <i>
<< <i>In the book "Aftershock", the Wiedemer's state the same thing - gold is currently forming a bubble. So, the timing of getting out will be important. They also state that gold will hit incredible highs (no number given) within the next eight or so years after which, as with all bubbles, the bubble will bust. I only hope it becomes obvious where the $ in gold should go when it comes time to bail. >>
8 years? The U.S. dollar will bust alot sooner than gold if we have to wait 8 years for a "gold bubble". The reason gold wont experience a bubble burst is because it may very well be a replacement to all the world's paper currencies. The world will not go on accepting the largest scam in the history of mankind...the dollar...forever! >>
Some could argue that gold is a religion. Afterall it had no value before the Egyptians made it popular. They were a very religious group. Is religion as scam?
Knowledge is the enemy of fear
<< <i>
<< <i>
<< <i>In the book "Aftershock", the Wiedemer's state the same thing - gold is currently forming a bubble. So, the timing of getting out will be important. They also state that gold will hit incredible highs (no number given) within the next eight or so years after which, as with all bubbles, the bubble will bust. I only hope it becomes obvious where the $ in gold should go when it comes time to bail. >>
8 years? The U.S. dollar will bust alot sooner than gold if we have to wait 8 years for a "gold bubble". The reason gold wont experience a bubble burst is because it may very well be a replacement to all the world's paper currencies. The world will not go on accepting the largest scam in the history of mankind...the dollar...forever! >>
Some could argue that gold is a religion. Afterall it had no value before the Egyptians made it popular. They were a very religious group. Is religion as scam? >>
So gold has held value and prestige for "only" 4,000 years you are saying? Meanwhile, there is not a single national paper currency on earth older than 100 years. There are over 3,800 distinct species of paper currency now extinct however. Even the U.S. dollar is only 39 years old, and already in danger of becoming bloated and then worthless. Paper currency never works unless it is STRICTLY tied to some exterior force such as precious metal.
<< <i>Some could argue that gold is a religion. >>
Nonsense! Gold is simply gold. A commodity, a tangable currency, a shiny bead used for barter, and these days a reasonable (and one of the best, IMO) investment ... something the world values. Religion is something else. I dare say that some have confused the two. Biblically, Revelation speaks of gold simply as pavement.
–John Adams, 1826
--Severian the Lame
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<< <i>
<< <i>
<< <i>In the book "Aftershock", the Wiedemer's state the same thing - gold is currently forming a bubble. So, the timing of getting out will be important. They also state that gold will hit incredible highs (no number given) within the next eight or so years after which, as with all bubbles, the bubble will bust. I only hope it becomes obvious where the $ in gold should go when it comes time to bail. >>
8 years? The U.S. dollar will bust alot sooner than gold if we have to wait 8 years for a "gold bubble". The reason gold wont experience a bubble burst is because it may very well be a replacement to all the world's paper currencies. The world will not go on accepting the largest scam in the history of mankind...the dollar...forever! >>
Some could argue that gold is a religion. Afterall it had no value before the Egyptians made it popular. They were a very religious group. Is religion as scam? >>
So gold has held value and prestige for "only" 4,000 years you are saying? Meanwhile, there is not a single national paper currency on earth older than 100 years. There are over 3,800 distinct species of paper currency now extinct however. Even the U.S. dollar is only 39 years old, and already in danger of becoming bloated and then worthless. Paper currency never works unless it is STRICTLY tied to some exterior force such as precious metal. >>
39 years?
BTW, U.S. currency since 1861 is still legal tender. We are the only country that can say this. That is why the foreigners love to hoard U.S. dollars.
TD
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<< <i>
<< <i>
<< <i>In the book "Aftershock", the Wiedemer's state the same thing - gold is currently forming a bubble. So, the timing of getting out will be important. They also state that gold will hit incredible highs (no number given) within the next eight or so years after which, as with all bubbles, the bubble will bust. I only hope it becomes obvious where the $ in gold should go when it comes time to bail. >>
8 years? The U.S. dollar will bust alot sooner than gold if we have to wait 8 years for a "gold bubble". The reason gold wont experience a bubble burst is because it may very well be a replacement to all the world's paper currencies. The world will not go on accepting the largest scam in the history of mankind...the dollar...forever! >>
Some could argue that gold is a religion. Afterall it had no value before the Egyptians made it popular. They were a very religious group. Is religion as scam? >>
So gold has held value and prestige for "only" 4,000 years you are saying? Meanwhile, there is not a single national paper currency on earth older than 100 years. There are over 3,800 distinct species of paper currency now extinct however. Even the U.S. dollar is only 39 years old, and already in danger of becoming bloated and then worthless. Paper currency never works unless it is STRICTLY tied to some exterior force such as precious metal. >>
Im saying gold has value because people think it has value. Just as God exists because people think he exists. My statement has nothing to do with paper. Humans like the color yellow as it is warm. They like gold because it is shiny. Im not disparaging gold, just trying to understand the reason why people gave it "value" in the first place.
Knowledge is the enemy of fear
<< <i>
<< <i>
<< <i>In the book "Aftershock", the Wiedemer's state the same thing - gold is currently forming a bubble. So, the timing of getting out will be important. They also state that gold will hit incredible highs (no number given) within the next eight or so years after which, as with all bubbles, the bubble will bust. I only hope it becomes obvious where the $ in gold should go when it comes time to bail. >>
8 years? The U.S. dollar will bust alot sooner than gold if we have to wait 8 years for a "gold bubble". The reason gold wont experience a bubble burst is because it may very well be a replacement to all the world's paper currencies. The world will not go on accepting the largest scam in the history of mankind...the dollar...forever! >>
Some could argue that gold is a religion. Afterall it had no value before the Egyptians made it popular. They were a very religious group. Is religion as scam? >>
Some could argue you are trolling to start arguments. Are you this bored?
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<< <i>
<< <i>
<< <i>
<< <i>
<< <i>In the book "Aftershock", the Wiedemer's state the same thing - gold is currently forming a bubble. So, the timing of getting out will be important. They also state that gold will hit incredible highs (no number given) within the next eight or so years after which, as with all bubbles, the bubble will bust. I only hope it becomes obvious where the $ in gold should go when it comes time to bail. >>
8 years? The U.S. dollar will bust alot sooner than gold if we have to wait 8 years for a "gold bubble". The reason gold wont experience a bubble burst is because it may very well be a replacement to all the world's paper currencies. The world will not go on accepting the largest scam in the history of mankind...the dollar...forever! >>
Some could argue that gold is a religion. Afterall it had no value before the Egyptians made it popular. They were a very religious group. Is religion as scam? >>
So gold has held value and prestige for "only" 4,000 years you are saying? Meanwhile, there is not a single national paper currency on earth older than 100 years. There are over 3,800 distinct species of paper currency now extinct however. Even the U.S. dollar is only 39 years old, and already in danger of becoming bloated and then worthless. Paper currency never works unless it is STRICTLY tied to some exterior force such as precious
metal. >>
Im saying gold has value because people think it has value. Just as God exists because people think he exists. My statement has nothing to do with paper. Humans like the color yellow as it is warm. They like gold because it is shiny. Im not disparaging gold, just trying to understand the reason why people gave it "value" in the first place. >>
And again.....there are plenty of OTHER boards for this....
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BTW, U.S. currency since 1861 is still legal tender. We are the only country that can say this. That is why the foreigners love to hoard U.S. dollars.
TD "
Think about it Cap. When the U.S. dollar was taken off gold in 1971, it became a VERY different animal. Just look at any historical inflation chart to see what that did to our money! Therefore I contend....and strongly stand by my statement....that a U.S. dollar in 1970 is a completely different piece of currency than a U.S. dollar in 1971. Ask the French, they will agree (they were the ones who prompted Nixon because of the massive amounts of gold they were claiming in exchange for our dollars). So in effect, our current dollar is only 39 years old as of now.
Do you have any charts of inflation during the 1800's?
Mr Wolfe, I am not discussing God. Perhaps you should change your name to Sheep.
Knowledge is the enemy of fear
<< <i>Gecko,
Do you have any charts of inflation during the 1800's?
Mr Wolfe, I am not discussing God. Perhaps you should change your name to Sheep.
Its roughly 0% from 1800-1913....with the exception of times of wars.
Watch this video to see the cost of living increases from the mid 1600's to present in the U.S. Then we can discuss the video.