Personally I am hoping that 2012 is the time that Hillary will be in office either as President or at least as Vice President. Either would be very nice!
I've seen this done with other collectibles. BTW, Gold IS considered by many to be money because it is considered a store of value and is a widespread medium of exchange. This is contrasted to other valuables which may not be a widespread medium of exchange.
We know Mia, it is you who miss the point. Mia: "Hoover's programs and ideological direction were the best direction" - FDR proves Hoover's "programs and ideological direction" the problem necessary for proper Keynesian solutions.
Personally I consider gold to be about as worthless as pond scum. Aside from it's intrinsic beauty and ability to be shaped into an endless stream of nick nacks and other kitsch art I do not find any monetary or exchange medium value. You cannot eat it, you cannot sleep in it, you cannot clothe yourself with it to keep warm. The only true measure of monetary exchange rests in the pure exchange of goods and services of equal or lessor/greater value e.g., barter and or horse trading. The obvious benefits aside from a fair trade in return for a usable currency is a lack of taxable income or at least the reporting there of. No need to be concerned with inflationary variables either since goods and services generally ride that same curve respectively up and down. I've found myself bartering most all of my business life for just about everything... It's not only a more efficient measure of worth, it's darned gratifying to all involved.
I'm not arguing the direction taken or who took it and when it was taken. I'm simply making a point that it did not work. It's you that simply missed the point.
I had a party in my place in the weekend and I noticed that there is about 20 empty beer bottles, 15 empty beer cans and couple of empty bottles of whiskey in the kitchen. How about we barter these for all of your businesses? LOL.
The GoldCompany says today they expect gold to reach $5,000 before it eases off. They must have read my post. I think most of the world sees gold as the real money. We can only hope the US bought a shitload before the prices went up or they're the ones buying it now. Greece, Italy... it's all a crumblin and gathering pace... End of the Euro? Everyone's jumping on the gold. Can the gold price burst... guess we'll find out soon enough as surely if that goes, that has to be the final nail. I think it will be safe.
There is a similarity and FDR was elected to (4) terms as President for his successful curtailment of the Great Depression - a positive omen for the present President that likewise has curtailed the Great Recession.
I am sure I can find couple of more empty bottles if I look around but I don´t want to over pay for his businesses, LOL.
I have to admit that some of the members here have a great sense of humor haaaaa! If I'm bored I can always come on P&R where I'm sure to get a laugh ha*ha! (sorry gworld but that was funny!)
Well, you can say the same thing about cash. Again, Gold IS considered by many to be money because it is considered a store of value and is a widespread medium of exchange. Not everyone accepts gold, same that not everyone accepts cash. But it is used as a medium of exchange. BTW, Obama's approval rating has dropped to 46 percent in California. This is the first time in over 50 years that a Democrat has had an approval rating in California of less than 50%. There seems to be a feeling in California, and the rest of the USA, about Obama's newest "recovery plan" of "I'm not a construction worker, what about a job for me???"
Correction: I'm not a Union construction worker, what about a job for me?. None of the construction Jobs that might be created by the newest stimulus(and that is a mighty big if), would be non-union. For California, that could never help more than 7% of the unemployed, and in reality would help less than 2%. Of course talking about what new jobs would be created from Obama's jobs bill is a bit like talking about what color Unicorn hair is. When the Pres signed his $850 billion dollar stimulus bill for shovel ready jobs and infrastructure building, the money all ended up getting spent on propping up the jobs of state and local employees working for public employee unions. The newest stimulus bill makes exactly the same claims the original stimulus bill did. Why would anyone expect a different result? BTW Corwin, could you tell me what the margin was on the NY Congressional Race the Republicans won last night? In that deeply blue district which hasn't been held by a Republican since 1923, it was supposed to be a real squeaker.
The Republicans are certainly on a role, and the hatchet job they have done against the Administration is paying them dividends - for those willing to believe their construed rhetoric. The Administration has re-established the Nations economic footing from the Republican recession and has righted the Ship of State during the most perilous period for the Country since WWII and by doing so has established the moral authority to rightfully be retained in office after the 2012 elections. A new Golden Age for world economies is already in its infantry - The Administration has simply to stay its course, stand by their record of accomplishments and exert its legitimate Authority. The oppositions Policies and Principles is what led the Nation to near economic ruin and will do so again is the motivation for all Americans to stand in support for a new World Order than a retrenchment to the failures of the past.