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Old 08-17-2012, 11:00 AM
 
Location: Texas
1,767 posts, read 2,348,400 times
Reputation: 634

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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



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Old 08-17-2012, 11:14 AM
 
16 posts, read 15,774 times
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What do you mean by crisis and/or collapse?
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Old 08-17-2012, 11:46 AM
 
Location: The Woodlands
805 posts, read 1,872,304 times
Reputation: 1077
nobody knows the future....there are only guesses
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Old 08-17-2012, 01:41 PM
 
Location: Texas
1,767 posts, read 2,348,400 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



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Old 08-17-2012, 02:41 PM
 
16 posts, read 15,774 times
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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.
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Old 08-17-2012, 02:49 PM
 
981 posts, read 1,620,841 times
Reputation: 1150
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.
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Old 08-17-2012, 02:51 PM
 
91 posts, read 119,693 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?
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Old 08-17-2012, 02:58 PM
 
981 posts, read 1,620,841 times
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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.
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Old 08-17-2012, 03:11 PM
 
91 posts, read 119,693 times
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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
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Old 08-17-2012, 03:15 PM
 
19 posts, read 19,738 times
Reputation: 15
Completely unrelated: Possible market crash if inflation goes away [General] - MarketTicker Forums
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