| Author |
 Replies: 5,649 / Views: 461,334 |
|
|
|
Valued Member
Canada
281 Posts |
Quote:
Dollar will ALWAYS be the worlds reserve currency I believe you believe it but I'm sure you wouldn't bet your house on it. In 2011 ,Wikileaks outed documents stating the Peoples' Bank of China is quietly seeking to make the Renminbi (the yuan) the new gold-backed reserve currency.So if the US has the supposed 8000 tons it says it has, well they better start auditing it and showing it to the world, something they always refused to do...why? |
|
Valued Member
United States
380 Posts |
The market is the only way you know how to make money. Not the only way. People for thousands of years have viewed Gold and Silver AS money. This was before people were putting dollar amounts on it. And it will be money after the dollar doesn't have enough value for people to care.
|
|
Bedrock of the Community
13014 Posts |
Quote:
The crime rate in the US alone is one of the worst in the world Only if you look at total crimes, the rates arent even close to worst in the world. Total crimes is a god awful measure since the US is far bigger than the countries it gets compared too. That doesn't even account for false reporting which over half the world engages in or corruption allowing things that would be crimes to be normal because of who did it. If you think the US is done youre saying the world is done. The world economy thrives on our consumption. You eliminate the biggest consumer and they all crash too. A few hundred years from now it could be different but thats the way it is right now. Quote:
People for thousands of years have viewed Gold and Silver AS money. This was before people were putting dollar amounts on it. And it will be money after the dollar doesn't have enough value for people to care. PMs will never be money again. The worlds population is far to large and theres far to much wealth. There would have to be a massive disease or event wiping out the majority of the population in the world to even consider it. |
|
Pillar of the Community
 United States
3789 Posts |
hey Miggs
yea actually before wikileaks had mentioned that about the Chinese I had heard that.
China has been trying for a long time trying to diversify their holdings and even use their currency tied to other assets.
However, they have many problems with that. One big problem they have is trying to sell these new instruments to the rating agencies and other banks and countries.
After that, it gets even more complex. The Chinese don't really hold any sort of status in terms of ratings for their products.
The dirty little secret then is, they are now fully committed to ALWAYS buying dollars and US debt. If they did any sort of wholesale selling of their holdings, they would sink so fast and that's something they don't want.
|
|
Valued Member
Canada
281 Posts |
Quote:
Yet, all that gold could muster was a puny almost 2K If we agree that buying gold is to preserve your wealth in uncertain times (as we are now), and considering the price sat at $35 for some 40 years before inching up, the 2k we saw should tell everybody things are not well. If the present course is not reversed, gold will go much higher than 2k. |
|
Bedrock of the Community
13014 Posts |
Quote:
If the present course is not reversed, gold will go much higher than 2k. At some point its possible. The problem with now though is you lose a significant percentage of the buying population at those prices. The fewer people that can buy the heavier you need the buying to be from big money sources with would be institutional buyers. Buyers like that havent shown the willingness to be long term buyers. They get in during the uncertainty then get out when things stabilize and they have better uses for the money. Unless gold just completely changes its MO to be something thats only used to be hoarded by institutions its unlikely to see such extreme prices stay there long term anytime in the near future |
|
Valued Member
164 Posts |
U live in the middle class basball21,every year the US has more crimes then the next,,the number as they are sick,,,they will go up in 2014 from this year.Point is country is only as good as its people,,most of this evil comes from a lack of money.Its a big country with not many living in it.
New world order is coming,,people that make money off money will be finished. Gov wants people to be on plastic,swipe it we will take care of it,,buy silver,,,hoard copper and zinc..Keep as much of your cash in Star Notes or Fancy Serial #,,,sell your stocks buy silver.Stocks are a 100 year old scam,,,Miners should be paid 200K a year,,,Cosmos
|
|
Bedrock of the Community
13014 Posts |
Quote:
U live in the middle class basball21,every year the US has more crimes then the next Again not true crime is significantly down from the 90s. You have to pick out small year periods to make that true and cherry pick specific crimes. The only difference is now the news covers it more so people think its up when its not. If you really think the US is done you should be buying guns, ammo, and MREs setting up a hideout in the woods you can sustain. Like mentioned you cant eat silver and no one will trade food for something they cant eat when they dont know where their next meal is coming from. Make no mistake about it a collapse would mean the majority of the country dies during the struggle. Money would be worthless for years if not decades short of being colonized by someone else. There would be nothing peaceful about it |
|
Valued Member
Canada
281 Posts |
Quote:
Oh wait, you guys can always fall back on the talk of "manipulation" I know you like poo pooing all talk of manipulation but yup the whole world is recognizing it. The "plunge protection team" (executive order 12631 signed by Reagan) is NOT a fairy tale. It's original purpose was to prevent another "black Monday" but now it's used to "direct" markets through derivatives or futures options."In other words, they are using the assets behind the U.S. Treasury to rig the prices of commodites (gold, currencies, etc.) and stocks." |
|
Valued Member
164 Posts |
Ok Baseball21,,,cigs are better to make a investment on then stock,,Baseball21 hello more then 50% items are made in china my word....Rapes,killings all up every year buddy,,gov has to step in at some point,,to many gangs that may as well be terrorist at this point,,along with Mexico just out of control..Markets have a few more years then it will be all Gov its the way it will be people are out of control..I will not be trading with anyone,,world not going to be like that its going to be like you have no say and do the right things or pay price,,money will be done.Again buy metals they are need for things not dirty money.Cosmos
|
|
Bedrock of the Community
13014 Posts |
Quote:
Rapes,killings all up every year buddy, No they arent actually. Just as one example the murder rate in both percentage and numbers has been going down since 03 and is almost half of what it was for most of the 80s and 90s. Quote:
Baseball21 hello more then 50% items are made in china Which just supports the US isn't going to collapse they arent going to destroy their economy to do so. Quote:
Again buy metals they are need for things not dirty money.Cosmos Metals would be just as worthless in North America as the dollar if that became worthless. |
|
Valued Member
164 Posts |
Go to Fed site on crime,,pal,,,we do not support China,the buyer buy's what is cheap,,if you have not notice your money is becoming more rare by the day for most folks,,they buy what they can get cheap,,china items,,,out sending jobs over sea when many US folks are not smart to do anything but make items is not ok,,tell me the US youth are more smart every year too pal,do you know teacher as I do,,my guess is not,,sad fact is your gov is your new daddy now when someone is pushed into this world...money,,,the root of all evil,,paper dollar was a quick fix for spreading evil and a failing excuse for trade...Country should only take care of its self,,,,,Cosmos
Edited by cosmoscoins
10/24/2013 9:56 pm
|
|
Bedrock of the Community
13014 Posts |
The FBI Uniform Crime Reports dont support your claims about crime increasing every year, theyre in a downtrend for everything. There was a slight increase from the year before (nothing statistically relevant) and huge drops from the early 90s and early 2000s. Theres just really no other way to put it.
|
|
Pillar of the Community
United States
4897 Posts |
 ..... Cosmos...if you choose to engage basebal. You had better make sure your arguments are lucid, cogent and factually based because his always are. Edited by amida17
10/24/2013 10:09 pm
|
|
Valued Member
Canada
281 Posts |
Quote:
The FBI Uniform Crime Reports dont support your claims about crime increasing every year, theyre in a downtrend for everything more guns, less crime..  You guys are lucky down there..  |
| |
Replies: 5,649 / Views: 461,334 |
First Page
Previous Page
Posted 10/24/2013 8:43 pm
