By RonPaul.com on July 13, 2011
Posted in Federal Reserve, Ron Paul in Congress | Tagged Ben Bernanke, Financial Services Committee, Gold, Inflation | 3563 Responses
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Hey there, have you considered “MonEYEopener” or something like that (google it)? On this website you will see practical tips about the way to make an income online just by answering simple questionnaires. This made it easier for Gary to work from the comfort of home and have the benefit of monetary liberty super fast. It may help you too…
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Exactly. Also anyone with half a brain knows that Diamonds are worthless (which was Paul’s point as well). What gives gold its value is its rarity and the fact that you can not forge gold or conjure it from nothing. Paul once again throws into Bernanke’s face that fiat currencies have absolutely no value and used as a tool for the elite to maintain their wealth and power.
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Well, I hoped that whacko, nutjob, tin hat Paul was going to say somethiong intelligent. He didn’t. Gold is only money when it takes the form of coinage as a tradable and spendable commodity. Money is that which one receives for payment to represent their assetts. Gold, uncirculated or uncirculatable in day-to-day business transactions, is an assett, not money. Were we to circulate gold coins, for example, that would become a from of money.
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what so special about fiat debt notes??? It has no practical applications and guarantees mass suffering and harm via simple math.
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It looks like the sun…. Yes, gold is technically money, not an asset, it just works on a deeper psychological level than paper or digital 1 & 0′s. Its harder to create (mine) and has the history; people have loved gold forever. Silver has far more practical uses, yet per quantity of each in the world, gold is 5x more valuable. Why exactly. Why are diamonds valuable. They are rare and pretty!
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Yes it is an element but whome ever holds the gold holds the power.
»crosslinked«
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And he saves the best till last. Brilliant
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IgnatzKolisch, that’s a really good question. And I think a lot of people ask the same thing. To understand that, you have to understand the history of banking and finance and you’ll get why gold is an important issue in understanding the financial system
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What’s so special about gold? Okay, it has some practical applications in electronics, and people who use metallic string instrument strings like gold strings for the tiny ones, which is fine. But why the specific element Au to represent what you put into the “world”, and which you can exchange for some other service/product that someone else puts in.
I’m not being facetious, I just honestly don’t get why gold, of all elements, is supposed to be bound to the value of money. It’s just an element
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/watch?v=lM1OwEK1dec
Am I cool yet?
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Gold is valuable, it’s just your history knowledge is severely lacking.
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Also plz look at the inflation rate while America was on the gold standard.
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Low Inflation is good for the economy, it encourages people to buy in good time and helps advoid deflationary shocks. American wages have greatly increased after the gold standard, what’s important is that wages rise faster than inflation. Lastly shouldn’t people have the right to use silver,gold, platinum and diamonds how they see fit?
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The FEDs QE injections are stupid, most likely the money is going directly to special interest companies (1%) where they get to spend it before it inflates the rest of the currency, so why they spend discounted cash, are commodities go up in price. Wealth inequality in this country is utterly unfair.
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