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gold and currency wars

Discussion in 'Politics & Religion' started by Bernard, Oct 25, 2011.

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  1. #1
    Bernard, Oct 25, 2011 IP
  2. laceybeautiful

    laceybeautiful Peon

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    #2
    Gold is best choice because money value decrease day by day.
     
    laceybeautiful, Oct 28, 2011 IP
  3. bill9404

    bill9404 Active Member

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    #3
    I find people converting their savings into metal a bit of a joke honestly.
     
    bill9404, Nov 8, 2011 IP
  4. babak44

    babak44 Active Member

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    #4
    in ancient times gold was currency unit, who knows maybe in future soon we see the same, so yeah guess gold is good choice in this crazy world.
     
    babak44, Nov 8, 2011 IP
  5. Crazy_Zap

    Crazy_Zap Well-Known Member

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    #5
    Not a big fan of history, huh? Or learning from it, I see.
    The final joke will be on those who sit by and watch as their "savings" are inflated into oblivion.
    Don't say you weren't warned.
     
    Crazy_Zap, Nov 9, 2011 IP
  6. bill9404

    bill9404 Active Member

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    #6
    No I like history and one thing I have learned is enjoy everyday because you never know whats going to happen. Spend your money people...
     
    bill9404, Nov 9, 2011 IP
  7. Bernard

    Bernard Well-Known Member

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    #7
    Most people keep their savings in paper products with counter party risks. Central banks prefer gold. "Tradition".
     
    Bernard, Nov 10, 2011 IP
  8. mmerlinn

    mmerlinn Prominent Member

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    #8
    If you think it is a joke then try this.
    For example. In 1964 one ounce of gold was $35. So, if you had put $35 in U.S. currency and one ounce of gold in a safe deposit box in 1964 and opened the box today, you would have $35 in currency and $1,750 in gold. The gold retained more value than the currency.

    In 1964, $35 would buy 100 gallons of gasoline. And one ounce of gold would have bought 100 gallons of gasoline.

    Today, that $35 will buy about 10 gallons of gasoline. And that one ounce of gold will buy about 500 gallons of gasoline.

    Currency is a JOKE. Gold is the real thing.
     
    Last edited: Nov 12, 2011
    mmerlinn, Nov 12, 2011 IP
    sunfyre7896 likes this.
  9. Bernard

    Bernard Well-Known Member

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    #9
    Bernard, Nov 20, 2011 IP
  10. thesickearth

    thesickearth Active Member

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    #10
    Gold is the real thing as ong as you believe in it as some believe in paper currency or greatness of ( put something here). Aside of that its just a yellow metal
     
    thesickearth, Nov 26, 2011 IP
  11. sunfyre7896

    sunfyre7896 Peon

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    #11
    Gold holds it's value for just this. People will always place value on gold as long as society exists which will outlive economies. Economies are more likely to crash unless there is some all out war to break down society. Therefore, the point is still valid that gold will get you more goods than paper money will when things go South.
     
    sunfyre7896, Dec 8, 2011 IP
  12. thegr4

    thegr4 Well-Known Member

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    #12
    In the future Gold is coming back as the currency of the world. Paper based inflation currency is just a dust in the eyes.

    Because the temple of Suleman (PBUH) used to mint gold coins. When Jews again come into power they will put the gold standard back. For the jews of the world to believe Dajjal who they will call their massiah as their saviour is there for eternal rule.

    Refer:
    http://www.islamidentity.com/view/1323606961.html
     
    thegr4, Dec 23, 2011 IP