U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 08-17-2012, 12:00 PM
 
Location: Texas
1,769 posts, read 2,130,280 times
Reputation: 634

Advertisements

.


Interesting article about Soros recently selling US financial stocks for gold
as being a possible harbinger for an upcoming financial crisis and/or collapse.


Startling Evidence That Central Banks And Wall Street Insiders Are Rapidly Preparing For Something BIG



.
Rate this post positively Reply With Quote Quick reply to this message

 
Old 08-17-2012, 12:14 PM
 
16 posts, read 13,918 times
Reputation: 17
What do you mean by crisis and/or collapse?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-17-2012, 12:46 PM
 
Location: The Woodlands
805 posts, read 1,526,273 times
Reputation: 1076
nobody knows the future....there are only guesses
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-17-2012, 02:41 PM
 
Location: Texas
1,769 posts, read 2,130,280 times
Reputation: 634
Quote:
Originally Posted by Teff View Post


What do you mean by crisis and/or collapse?

Did you read the topic article ?

Did you see the Soros quote from Newsweek ?


Here is part of the Soros quote:


" The best-case scenario is a deflationary environment.
The worst-case scenario is a collapse of the financial system. "



Here is more info

George Soros on the Coming U.S. Class War - Newsweek and The Daily Beast

Davos Man Is Trembling in His Armani Boots | Mother Jones



.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-17-2012, 03:41 PM
 
16 posts, read 13,918 times
Reputation: 17
Quote:
Originally Posted by king's highway View Post
Did you read the topic article ?

Did you see the Soros quote from Newsweek ?


Here is part of the Soros quote:


" The best-case scenario is a deflationary environment.
The worst-case scenario is a collapse of the financial system. "


Is this thread some kind of inside joke? I joined this website yesterday.

Increasing his position in GLD wouldn't make sense in either of those situations.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-17-2012, 03:49 PM
 
982 posts, read 1,467,553 times
Reputation: 1143
Quote:
Originally Posted by Teff View Post


Is this thread some kind of inside joke? I joined this website yesterday.

Increasing his position in GLD wouldn't make sense in either of those situations.
It would in the financial collapse scenario. Currency instability and all that are perfect for gold valuation.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-17-2012, 03:51 PM
 
91 posts, read 108,696 times
Reputation: 73
In the coming year paper money will be worthless, the only real money will be gold and silver.
But what if you knew the us debt bubble was going to pop soon making the us dollar worthless too.
Where would you be putting your money to preserve your wealth?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-17-2012, 03:58 PM
 
982 posts, read 1,467,553 times
Reputation: 1143
Quote:
Originally Posted by tfbns View Post
In the coming year paper money will be worthless, the only real money will be gold and silver.
But what if you knew the us debt bubble was going to pop soon making the us dollar worthless too.
Where would you be putting your money to preserve your wealth?
I don't really see that happening. I do think paper money will become increasingly devalued year-by-year until alternative systems become just as commonplace next to it.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-17-2012, 04:11 PM
 
91 posts, read 108,696 times
Reputation: 73
Quote:
Originally Posted by BadJuju View Post
I don't really see that happening. I do think paper money will become increasingly devalued year-by-year until alternative systems become just as commonplace next to it.
you mean a dollar backed by gold again
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-17-2012, 04:15 PM
 
19 posts, read 17,932 times
Reputation: 15
Completely unrelated: Possible market crash if inflation goes away [General] - MarketTicker Forums
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Similar Threads

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top