Scam? Real? No more gold trading in USA @ july 15th?

Adept · Post by **Adept** » Mon Jun 27, 2011 9:54 am

NightRychune wrote:QUOTE (NightRychune @ Jun 27 2011, 09:18 AM) as far as I know precious metals is a growing bubble that could potentially be very dangerous - large-scale purchases operate much the same way money does - you get a note that says you own x gold/silver, guaranteed by y bank

I wouldn't trust anything else than getting certified coins / bars in hand when investing in gold.

peet · Post by **peet** » Tue Jun 28, 2011 11:51 am

Ah, it gets interesting now the serious media get involved, and a survey gets commented

http://www.cnbc.com/id/43556749

At least I understand why the Chinese consumer electronics is getting expensive when payed in USD, and cheaper in EUR, and why the difference seems to increase.

Axel Kolle · Post by **Axel Kolle** » Tue Jun 28, 2011 6:55 pm

QUOTE if needed we can print more truckloads filled with banknotes[/quote]

Precisely what is not needed. US federal debt anyone? The whole issue of the modern banking system is that everything is perceived value and subject to manipulation. On top of that it is all electronically stored, too.

The gold standard may not have been perfect, but it had its' moments.

Incidentally, according to the old book "None dare call it conspiracy" (Gary Allen), the right to print money is not in the hands of government at all, but the big money behind the federal reserve.

Technical distinction maybe, but food for thought. As is the book itself, if you can get it. Recommended, and scarily enough not easy to dismiss out of hand.

tsubaki_sanjuro · Post by **tsubaki_sanjuro** » Tue Jun 28, 2011 9:09 pm

there is no better insurance against economic catastrophe than being heavily armed

agri is serious

HJ_KG · Post by **HJ_KG** » Tue Jun 28, 2011 10:53 pm

Axel Kolle · Post by **Axel Kolle** » Wed Jun 29, 2011 7:58 pm

I once ran the numbers out of interest, and a middle class person around here is never more than 3 months away from losing everything should the economy collapse, or he lose work. I suspect it is not much different elsewhere.