http://www.cnbc.com/id/42909399
Will it go to 2k an ounce? That's what i'm waiting for to sell.
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Very unpatriotic of you, to throw away the $US and back the same thing China is backing.
Donate. One day it could be your family.
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
Pretty sure it was already a well established fact that varus hates America, and all things American.
George Carlin wrote:
I think it’s the duty of the comedian to find out where the line is drawn and cross it deliberately.
I just like reminding him how much he stands against the country in which he claims hes all for.
Donate. One day it could be your family.
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
Considering his goldfish-like memory, you're much nobler than I am when undergoing that kind of monumental task.
George Carlin wrote:
I think it’s the duty of the comedian to find out where the line is drawn and cross it deliberately.
I'm going to laugh if the bubble pops before he reaches his sell point.
Hope you make some money Varus. Everything is a gamble, and if it works out for you, that's great.
You can use the money to pay Joph his $50 when Obama wins in 2012.
You can use the money to pay Joph his $50 when Obama wins in 2012.
varusword75 wrote:
Very unpatriotic of you liberals that have put someone in the whitehouse that has made this possible.
Donate. One day it could be your family.
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
I've got a hand full of American Gold Eagles that I have accumulated over the last 20 years or so (I haven't added to the collection in the last 5 years). I won't be getting rid of them any time soon, but they'd have to find a gold deposit the size of Texas for me to lose any money on them.
varusword75 wrote:
Then you've lost out.
Not really. I didn't buy them to make money on them.
varusword75 wrote:
Then you've lost out.
His Excellency Aethien wrote:
Almalieque wrote:
If no one debated with me, then I wouldn't post here anymore.
gbaji wrote:
I'm not getting my news from anywhere Joph.
Considering that our money is really worthless and has nothing to back it these days?
Investing in gold is never a bad idea. I'd rather be paid in gold than paper money any day.
Investing in gold is never a bad idea. I'd rather be paid in gold than paper money any day.
Tailmon wrote:
Considering that our money is really worthless and has nothing to back it these days?
Investing in gold is never a bad idea. I'd rather be paid in gold than paper money any day.
Investing in gold is never a bad idea. I'd rather be paid in gold than paper money any day.
It's difficult to buy groceries or pay your bills that way, though...
Tailmon wrote:
Considering that our money is really worthless and has nothing to back it these days?
Investing in gold is never a bad idea. I'd rather be paid in gold than paper money any day.
Investing in gold is never a bad idea. I'd rather be paid in gold than paper money any day.
1,500*64,301,493 = $96,452,239,500.
Right now, US GDP growth is at about 1.8%. The 2010 US GDP was 14.72 trillion. 1 percent of that is 147 billion.
Even with a growth rate at a record low, and gold at a record high, the global output of gold still wouldn't match the growth of our economy. So, to make it work, we'd have to set the value of gold ourselves rather than go by its intrinsic value.
Welcome to fiat currency.
edit: **** long division
Edited, May 5th 2011 2:27pm by Sweetums
Sweetums wrote:
Tailmon wrote:
Considering that our money is really worthless and has nothing to back it these days?
Investing in gold is never a bad idea. I'd rather be paid in gold than paper money any day.
Investing in gold is never a bad idea. I'd rather be paid in gold than paper money any day.
1,500*64,301,493 = $96,452,239,500.
Right now, US GDP growth is at about 1.8%. The 2010 US GDP was 14.72 trillion. 1 percent of that is 147 billion.
Even with a growth rate at a record low, and gold at a record high, the global output of gold still wouldn't match the growth of our economy. So, to make it work, we'd have to set the value of gold ourselves rather than go by its intrinsic value.
Welcome to fiat currency.
Thanks for making me look stupid, Sweetums. Compared to this post, mine was the equivilant of "Uhhh, durrrrrrr." /drool. >:(
<3 how smart Sweetums is...
Edited, May 5th 2011 3:26pm by Belkira
At least fix my misplaced decimal :(
Thank you <3
Edited, May 5th 2011 4:47pm by Sweetums
Thank you <3
Edited, May 5th 2011 4:47pm by Sweetums
I often wonder how my old college roommate is doing these days. He always bought gold and had quite a
stash of it back when it was rather inexpensive. He also wanted to have something that always would
be worth something if our monetary system crashed.
stash of it back when it was rather inexpensive. He also wanted to have something that always would
be worth something if our monetary system crashed.
Tailmon wrote:
He also wanted to have something that always would be worth something if our monetary system crashed.
Donate. One day it could be your family.
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
Uglysasquatch wrote:
Tailmon wrote:
He also wanted to have something that always would be worth something if our monetary system crashed.
That was my exact though, haha!
Tailmon wrote:
Considering that our money is really worthless and has nothing to back it these days?
Investing in gold is never a bad idea. I'd rather be paid in gold than paper money any day.
Investing in gold is never a bad idea. I'd rather be paid in gold than paper money any day.
varusword75 wrote:
phil,
http://www.the-privateer.com/chart/gold-pf.html
You're just p*ssed because you didn't buy gold when I suggested it over 5yrs ago.
Quote:
Buy high, sell higher?
http://www.the-privateer.com/chart/gold-pf.html
You're just p*ssed because you didn't buy gold when I suggested it over 5yrs ago.
Edited, May 5th 2011 4:44pm by bsphil
His Excellency Aethien wrote:
Almalieque wrote:
If no one debated with me, then I wouldn't post here anymore.
gbaji wrote:
I'm not getting my news from anywhere Joph.
varusword75 wrote:
Sweety,
Luckily as long as Obama's in the whitehouse that's not something i'm going to have to worry about considering he's doing everything in his power to kill the dollar.
If Obama's loses his re-election bid i'll sell the next day.
Ugly,
Very unpatriotic of you liberals that have put someone in the whitehouse that has made this possible.
Quote:
I'm going to laugh if the bubble pops before he reaches his sell point.
Luckily as long as Obama's in the whitehouse that's not something i'm going to have to worry about considering he's doing everything in his power to kill the dollar.
If Obama's loses his re-election bid i'll sell the next day.
Ugly,
Quote:
Very unpatriotic of you
Very unpatriotic of you liberals that have put someone in the whitehouse that has made this possible.
varusword75 wrote:
phil,
http://www.the-privateer.com/chart/gold-pf.html
You're just p*ssed because you didn't buy gold when I suggested it over 5yrs ago.
Quote:
Buy high, sell higher?
http://www.the-privateer.com/chart/gold-pf.html
You're just p*ssed because you didn't buy gold when I suggested it over 5yrs ago.
Lubriderm the Braindead wrote:
Oh, I always forget, the downturn that started under Bush is all Obama's fault.
No, no. That one was Clinton's fault.
Eske Esquire wrote:
Lubriderm the Braindead wrote:
Oh, I always forget, the downturn that started under Bush is all Obama's fault.
No, no. That one was Clinton's fault.
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