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serious question: why would some one sell me their valuable gold and take my worthless dollars in exchange?
This stuff falls fast and hard, I would find something else to invest in like land and then invest the PIK payments.
Didn't watch the video (no audio right now), but I live about a mile and a half from one - at the Golden Nugget casino in downtown Las Vegas.
Never checked it out, though. I seriously doubt they sell it for spot - NOTHING goes cheap in a Las Vegas casino, unless they think it'll loosen up your wallet (read: liquor). I'm sure they're charging a nice premium. Novelty is valuable in this town, and an ATM that dispenses real gold is pretty novel.
The audio is simple music only. The video shows the vending machine and a guy making one cashless payment with a card, and then another transaction with euro notes.
The one item you see come from the machine in this case, is a 20 gram gold ingot in a black velvet case.
I wish a machine like this were in my state. Maybe there is but i am not aware of it.
I wish, but we can't.......... There isn't anything like enough ounces to go around. Run a few searches and you will find out there is just no way to bring back a gold std.
We lost that back in 1933. We have been in a state of emergency ever since.
'We the People' can't even bank on any gold actually being in Fort Knox.
if there is good if not 'WE' have all been robbed.
Gold has been money before written words . The oldest text over 6000 years ago highly values gold. All paper money loses value until it becomes worthless .
I agree.... So far I agree with everything you said before this post i quoted. i don't know you a bit either from CD and wanted to know if you had invested in making vegetable oil to run your machinery. It seems you could benefit a lot from making your own fuel, and i think you could if you don't already. It's just another kind of gold.
If you think you're going to be sitting pretty on lots of gold, consider the possibility that someone like Obama could easily, by Executive Order, due to some crisis (manufactured or otherwise) declare it illegal to possess or own gold. What would you do then? You'd have to pile it all into the back of your truck and haul it to the bank to turn it in.
This has been tried before, during the Great Depression. Check your history. What you will find is most ,almost all never turned in any gold. They had no reason to, it was buried in the back yard for a rainy day.Large amounts of gold and silver are still being found today where people hid it long ago. Capping the price of gold only did one thing it shut down the gold mines, for many years. One of the reasons thats been discussed was gold being capped would shore up the US dollar, and get people to start spending again and creating jobs. No one of us know if there is any gold in Ft Knox or not. The story will never be told until our economy collapses like it did in Iceland, or worse. Its paper money that has no value, because its not backed by anything.We are off the Gold Standard long ago.
I agree.... So far I agree with everything you said before this post i quoted. i don't know you a bit either from CD and wanted to know if you had invested in making vegetable oil to run your machinery. It seems you could benefit a lot from making your own fuel, and i think you could if you don't already. It's just another kind of gold.
So is farm land, have you looked at any of the prices of late ? Whats most remarkable is buyers are paying cash. What better way to get rid of paper for real worth.
This has been tried before, during the Great Depression. Check your history. What you will find is most ,almost all never turned in any gold. They had no reason to, it was buried in the back yard for a rainy day.Large amounts of gold and silver are still being found today where people hid it long ago. Capping the price of gold only did one thing it shut down the gold mines, for many years. One of the reasons thats been discussed was gold being capped would shore up the US dollar, and get people to start spending again and creating jobs. No one of us know if there is any gold in Ft Knox or not. The story will never be told until our economy collapses like it did in Iceland, or worse. Its paper money that has no value, because its not backed by anything.We are off the Gold Standard long ago.
yes, but only difference today is that gold ownership is, for the most part, traceable.
Romney has done this to all his companies & as governor of the state of Massachusetts. He will follow the Reagan/Japan/Bush-Cheney debt leverage plan. Romney's plan is grow the debt to grow the economy. Just read how every time he bought a company, he used their credit to barrow huge amounts of money to pay his commission & restructuring. If the company failed it was on them & their pension fund & not him because he got paid up front using their credit. It is just like a Gordon Gekko/KKR leveraged buy out (LBO). We will be leveraged in an attempt to grow the economy & create jobs.
yes, but only difference today is that gold ownership is, for the most part, traceable.
Only traceable to a point, the end buyer does not share any info with the public or anyone else unless its declared on their balance sheet. A lot of the stuff is offshore. I wonder how much Romney has squirreled away ?
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