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Global Economy?

Discussion in 'Political Debate & Discussion' started by poncho, Feb 28, 2011.

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  1. billwald

    billwald New Member

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    >Gold holds it's value over time. The price of gold may rise and fall but it will always have value. The same cannot be said be said for fiat currency.

    NOT exactly. In terms of work hours to buy consumer goods, the price of gold will generally pace consumer prices in the same way that wages generally pace consumer prices. In other words, gold will pace current wages but past dollars will lag current wages. So if the purpose of an investment is to beat the consumer market then neither is a good investment but cash is a much worse investment.
     
    #61 billwald, Mar 6, 2011
  2. poncho

    poncho Well-Known Member

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    Can't stand the heat huh? Are all you government propagandists so touchy about being proven wrong? :wavey:
     
    #62 poncho, Mar 9, 2011
    Last edited by a moderator: Mar 9, 2011
  3. poncho

    poncho Well-Known Member

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    The purpose of investing in gold is to have something of value to trade for goods and services after the coming engineered economic collapse. ;)
     
    #63 poncho, Mar 9, 2011
    Last edited by a moderator: Mar 9, 2011
  4. poncho

    poncho Well-Known Member

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    Bump for InTheLight.
     
    #64 poncho, Mar 11, 2011
  5. poncho

    poncho Well-Known Member

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    Don't you find it rather odd our good friend InTheLight never bothered to deny being one of those new "social networking" government propagandists?

    I hope whoever he/she is goes home and studies up on the Federal Reserve and fractional reserve banking. :smilewinkgrin:
     
    #65 poncho, Mar 12, 2011
  6. billwald

    billwald New Member

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    >The purpose of investing in gold is to have something of value to trade for goods and services after the coming engineered economic collapse.

    OK. Then I suggest buying bags of junk silver coins and not gold. Trying to buy gas with an ounce bar of gold would be like going to the wrong side of town and buying a cup of coffee with a hundred dollar bill.
     
    #66 billwald, Mar 12, 2011
  7. poncho

    poncho Well-Known Member

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    I reckon you'll be hard pressed to find a cup of coffee as cheap as that after the economic collapse. But fear not! There are other things that will be readily accepted as "money" then. For instance 12 ga., 9mm and .223 ammo will be worth it's weight in gold at that time. Maybe you should invest in bags of ammo or even reloading components? I predict brass and lead may soon become precious metals. :smilewinkgrin:
     
    #67 poncho, Mar 12, 2011
    Last edited by a moderator: Mar 12, 2011
  8. billwald

    billwald New Member

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    Also ciggy butts and booze.
     
    #68 billwald, Mar 12, 2011
  9. poncho

    poncho Well-Known Member

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    That too. I imagine as soon as the economy crashes a black market will spring up. That's where we'll go to get our "stuff" then. We won't be loading the kids in the SUV and heading out to Globo Mart to buy all the expensive but cheaply made Chinese products like we do today.

    The price of ammo has tripled in just the last ten years. Same with reloading components. The supply is being limited by all these forever wars we've let our globocrat politicians talk us into waging that only benefit their globalist masters aka the "international community". The price is bound to go way up after the dollar loses what little bit of value it has left.

    We'll have a whole new breed of "gangsters" to deal with then. If you think Al Capone and Lucky Luciano were bad eggs just wait an see what kind of organized criminal that'll sprout up after the engineered economic collapse. These are the people we'll have to deal with to get our daily bread, and you better have something worth trading.
     
    #69 poncho, Mar 13, 2011
    Last edited by a moderator: Mar 13, 2011
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