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you even followed me around on multiple boards. its ok though think what you want lol. |
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what a moron i am. ds |
What are all you good people worried about?
Obama is in charge! Now go back to slingin' porn! |
Glenn Beck will save us all.
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unpolluted well of truth? |
some of these replies really make me laugh regardless of what is happening out there... ha
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george soros is warning on the gold bubble
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Maybe I'm just dense, but I honestly don't get this "OMG, go buy gold before society collapses!" frenzy.
Let's give the skeptics the benefit of the doubt, and say we experience a total economic & societal collapse. Hyperinflation kicks in, currencies become worthless, transportation & communication systems slowly grind to a halt, there's shortages of food & oil, etc. But you'll be ok because you have 50 ounces of gold sitting in your safe at home? How is that going to help you? Not to mention, if this collapse does happen, won't that trigger a mass sell off of gold? So unless you're one of the first people to sell, don't you stand a good chance of losing on your investment? I just don't get it. "Well honey, the town's out of gas, crime has skyrocketed, we can't afford our mortgage, and bread is $46 per loaf. But it's ok, because we have gold coins!" Again, maybe I'm just dense. If anything, wouldn't you be wiser to invest in things such as a nice garden, maybe a little ranch, some solar panels, rain collection, water filtration, and things of that nature? Seems like that's going to help you alot more than some gold coins in your safe. |
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Any major collapse in the system and your money goes poof! Where's my gold??? waaaa |
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Hahahahaha, get out. |
I still don't understand how gold is going to be your savior in case of an economic & societal meltdown though. Ok:
1.) You pickup say 10 ounces of gold at $1400/ounce = $14,000. You're intelligent enough to know not to buy paper that says its gold, so you have 10 ounces of actual gold in your safe. 2.) Economy collapses, currencies wiped out, and USD devalues by 60%, causing hyperinflation. Since gold isn't connected to any single currency, your one ounce is now worth more, but due to the inflation, your gold still has the same buying power as it did before. 3.) Mass sell off of gold begins, devaluing the price greatly, making your original purchase even more worthless than it was at the beginning. Again, maybe I'm dense, but I just don't see how buying gold is helpful. Say this big collapse happens, you can sell right away and break even, or maybe even profit a bit. Otherwise, the only way I can see buying gold being good for you is if you're stable enough to ride out the storm without having to sell your gold. Then when you believe recovery is happening, you sell your gold for like $12,000/ounce, and wait for the currency to rise again. But then due to a massive sell off, gold won't be worth anywhere near that, so it still doesn't matter. I don't know, I don't understand this shit. Anyone have cliff notes? And preferably not from Glenn Beck and Goldline. |
Grow your own foods, Make your own clothe, Make your own House... that's better then Gold if you ask me.
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But isn't that idea even quite stupid? If this big collapse happens that everyone is scared of, by the time the currencies begin to pickup again, won't there be so much gold already sold and on the market making it kinda worthless too? Or am I wrong in that assumption? Or am I maybe right in assuming everyone is getting gold shoved down their throats, because a select group of big players are going to become filthy rich off it, because they're going to know when to sell, and everyone else gets fucked in the ass with a horse penis since gold will greatly devalue? |
The funniest part of this whole propaganda game is that the people giving the warnings are the people who made it possible.
This is the Plutocracy at work... snowing the labor pool into working harder for less... "Buy more gold to inflate the price so the rich who own lots of gold can sell it all... make a bundle and fuck the small gold owners". The people that fall for this garbage are the sheep who have no interest in actual history but prefer to ponder the drama of conspiracy. |
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