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BobTheBuilder1377
Somalia335 Posts
Gold cannot be manipulated such as paper money so, the prices stays steady and keep going up. Guess how much Gold was in 1970's? 38 dollars an ounce. How much is gold today an ounce? like $1,800 an ounce. Here is a chart of the history of Gold which shows how steady it has been these past 40 years: http://www.wisegeek.com/what-is-the-historical-price-of-gold.htm Do you want to know the real reason we invaded Libya? | ||
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synapse
China13814 Posts
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liberal
1116 Posts
There's an important lesson in that. During times of great inflation, there are two primary groups who benefit: 1) Those who hold debt. 2) Those who hold tangible assets. The people who hold cash are having their wealth indirectly transferred to these other two groups. Inflation is really an indirect form of taxation, but people never really see it that way. | ||
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1Eris1
United States5797 Posts
On November 22 2011 06:24 BobTheBuilder1377 wrote: @ Maenander Gold cannot be manipulated such as paper money so, the prices stays steady and keep going up. Guess how much Gold was in 1970's? 38 dollars an ounce. How much is gold today an ounce? like $1,800 an ounce. Here is a chart of the history of Gold which shows how steady it has been these past 40 years: http://www.wisegeek.com/what-is-the-historical-price-of-gold.htm Do you want to know the real reason we invaded Libya? http://www.youtube.com/watch?v=O35_Ai6EsMU Can we not derail this thread with conspiracies and shit? Save that for reddit or 4chan or something | ||
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BobTheBuilder1377
Somalia335 Posts
I see. So, the more we print...the higher the gold prices goes up. Correct? @ 1Eris1 Sorry. Sometimes thinking outside the box is the way to go. We were there for their resources for sure and RT news makes you think if there were more reasons. I think you should go back to page 150 and watch the vid talking about the Fed. Which is something you might need to watch to understand what my real message is. | ||
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aksfjh
United States4853 Posts
On November 22 2011 06:51 liberal wrote: Well bob, you also have to remember that as long as gold is being valued according to dollars, we must take into account the inflation that the dollar has undergone to create such a high price of gold. But I guess you could use that as an argument in favor of gold over fiat currency as well. There's an important lesson in that. During times of great inflation, there are two primary groups who benefit: 1) Those who hold debt. 2) Those who hold tangible assets. The people who hold cash are having their wealth indirectly transferred to these other two groups. Inflation is really an indirect form of taxation, but people never really see it that way. It's only a form of taxation as long as there is no growth and wages don't match/outpace the rate of inflation. In the current economic model, with a controlled and somewhat predictable rate of inflation increases incentives for investment in tangible goods and business enterprise. It encourages savings in the form of either safe or risky investment, instead of "mattress stashing." On November 22 2011 09:31 BobTheBuilder1377 wrote: @liberal I see. So, the more we print...the higher the gold prices goes up. Correct? Not exactly. Commodities are generally traded on futures, with maturity being the differeing aspect between them. For example, an investment in food futures today is a sign of how well you think the market for that food will be when it actually hits the market (3-12 months). Gold is seen as a long term invesment choice. When the price of gold skyrockets (like it has in the past few years), it's a better indicator of investor confidence and lack of safe choices in the market. It's the same force behind low yields on on t-notes. | ||
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aksfjh
United States4853 Posts
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Adila
United States874 Posts
On November 23 2011 05:36 aksfjh wrote: Wait a sec. There's yet another GOP debate tonight? How many of these do we need? By the time the nominee makes it to a general debate, Obama is going to know exactly how to stomp every single policy and ideal coming out of the GOP candidate's mouth... -_- Well, the debates are always the same anyway. More soundbites and no actual policy. | ||
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BluePanther
United States2776 Posts
On November 22 2011 06:38 synapse wrote: My phone (CNN app) tells me that Gingrich is leading the polls... haven't heard much about this guy tbh o_o Newt is a longtime Republican leader... he's had several failed runs, never able to get mainstream support. He always polls relatively high, but never seems to win. Honestly, I don't think he could win a general election. It's Huntsman or Romney if the Repubs want to win this time around. | ||
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DeepElemBlues
United States5079 Posts
Just nominate Romney already he's the only one up there who doesn't make me go "??? ... !! ..." when I imagine them as actually occupying the position of President of the United States. | ||
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Voltaire
United States1485 Posts
On November 23 2011 10:16 DeepElemBlues wrote: Took me ~4 minutes to give up on tonight's debate. Just nominate Romney already he's the only one up there who doesn't make me go "??? ... !! ..." when I imagine them as actually occupying the position of President of the United States. You have a very sophisticated criteria for evaluating candidates. | ||
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Playguuu
United States926 Posts
And Cain talking about a "power vacuum" in Iran, wtf? | ||
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Voltaire
United States1485 Posts
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FrodoAndTheSlobStix
United States158 Posts
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Playguuu
United States926 Posts
On November 23 2011 11:04 FrodoAndTheSlobStix wrote: where can I watch?1 I'm watching on cnn.com | ||
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Voltaire
United States1485 Posts
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xDaunt
United States17988 Posts
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BobTheBuilder1377
Somalia335 Posts
On November 23 2011 05:36 aksfjh wrote: Wait a sec. There's yet another GOP debate tonight? How many of these do we need? By the time the nominee makes it to a general debate, Obama is going to know exactly how to stomp every single policy and ideal coming out of the GOP candidate's mouth... -_- Yeah...I'm not too sure about that. Obama is just another corporate shill that bends down to wallstreet. I'm still surprised by how many people still look up to him. If this doesn't convince you he's not on our side...I don't know what will : | ||
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DeepElemBlues
United States5079 Posts
You have a very sophisticated criteria for evaluating candidates. If you'd like I could give detailed reasons for why each candidate except Romney inspires that reaction in me, they're an underwhelming bunch anymore. The ridiculous length of campaign season has something to do with it as well as the candidates themselves. Wait a sec. There's yet another GOP debate tonight? How many of these do we need? By the time the nominee makes it to a general debate, Obama is going to know exactly how to stomp every single policy and ideal coming out of the GOP candidate's mouth... -_- Televised debates are more about how a candidate looks and sounds than scoring debate points, unless one or both candidates has an explicit attacking strategy. "There you go again" (Reagan vs. Carter), or "Wanna buy some wood?" (Bush vs. Kerry), or Kennedy looking handsome and Nixon ugly in the first 1960 debate, or Al Gore looking arrogant in the 2000 debates had nothing to do with ability to rebut an argument, but they were all reasons for the public's beliefs why one candidate had "won" the debate(s) and another "lost." | ||
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BobTheBuilder1377
Somalia335 Posts
On November 23 2011 11:42 DeepElemBlues wrote: If you'd like I could give detailed reasons for why each candidate except Romney inspires that reaction in me, they're an underwhelming bunch anymore. The ridiculous length of campaign season has something to do with it as well as the candidates themselves. Ron Paul is a hell of a lot better than Romney and Grintrich combined: On patriot act- | ||
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