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.
Under Woodrow Wilson, the federal reserve and the was created to print promissory notes
A $20 gold piece bought exactly what a $20 bill bought.
Is that true today?
$20 in 1900 bought a lot of food, supplies and livestock.
That same $20 gold piece still buys the same amount of food, supplies and livestock. Identical.
What does your $20 bill buy these days? Not much!
Our dollar bill buys .04¢ of stuff
500 times .04¢ = 20
Our government is making everyone poorer. It is out of control, with nothing to base the worth of a dollar on.
It is the silent hidden tax, our government has used to steal trillions if not more from the hard working people of the nation.
Andrew Jackson warned us and warned us. It has unfolded just as he warned.
Is it too late. YES!!!
To correct it, those making $10 an hour would actually be making .02¢ an hour.
How is that going to work out for you???
Now, do you get a picture and see how they are going to create a One World Order?
The machine is built, fueled up and the starter has been hit. She is purring right along.
If I have gold in my piggy bank, I can trade that in any moment in time for a promissory note, and get the same exact quantity and quality, for the same weight of gold.
Hold those dollar bills and see if they buy the same in a year.
Why do you think everything seems to be going up in price, if you look at it in dollar bills? But gold it is the exact same weight, it always has been.
A lot of people are going to get hurt with this Gold trade being so crowded. Best of luck to you all but there is a reason that historically over the long run gold has lost value ~80% of the time on a year on year basis.
If you own any more then 5% of your portfolio in just Gold, well, good luck and see how long you're right. It's gambling now with so many people long on the trade.
A lot of people are going to get hurt with this Gold trade being so crowded. Best of luck to you all but there is a reason that historically over the long run gold has lost value ~80% of the time on a year on year basis.
If you own any more then 5% of your portfolio in just Gold, well, good luck and see how long you're right. It's gambling now with so many people long on the trade.
Yeah, the original post doesn't make sense. A 1900 dollar gold piece would not buy the same amounts of goods today as it did in 1900.
A lot of people are going to get hurt with this Gold trade being so crowded. Best of luck to you all but there is a reason that historically over the long run gold has lost value ~80% of the time on a year on year basis.
If you own any more then 5% of your portfolio in just Gold, well, good luck and see how long you're right. It's gambling now with so many people long on the trade.
Sounds like another bitter person that wishes they bought gold when it was low. Good luck with your stocks and US dollars.
Federal Reserve Chairman Ben Bernanke said Wednesday morning that the Fed stands ready to respond with more stimulus if needed. Commenting on the announcement, Paul says: “Same old. It’s his only tool. In a weak economy you print money, you run up debt, you try to get people to spend money, which is the exact opposite of what we need.
“Eventually printing all this money will get people to quit buying our debt.”
Paul says, “If we were serious here in Washington and wanted to live within the budget rules and the debt limit, we could do that, and hopefully within a year we’d solve our problems.
A $20 dollar gold piece would buy a horse in 1900. Cash it in for paper dollars today, and it still buys a horse.
It never loses value, when compared to the dollar. It has always held a gain, over the paper dollar.
To lose money, gold would have to be less than .04¢ and ounce. Making the paper dollar worth more than the gold.
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.
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.
