Its a mathematical problem with the gold standard: you have a farmer, he has 6 gold coins.
you have a baker, he has 6 gold coins, you have a butcher he has 6 gold coins. the farmer sells wheat to the baker for two gold coin and sells a cow to the butcher for two gold coin. the farmer than buys bread and cuts of meat, everybody got 6 gold coins again. next week the baker says times are hard and can only buy half the amount of wheat the butcher buy a cow for two gold coins. the farmer is left….
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Then way make the silly arguement in your previous comment? Obviously if everyone started to buy gold, the price would go up. Neither gold nor food would run out. Your arguement is baseless and makes no sense.
Yes I do its simple, No demand=price goes down, No supply=price goes up
The look on Bernanke’s face was classic.
– Is gold money?
– So why do central banks hold it?
Ben: Well its tradition…
– Then why do central banks STILL BUY IT?
bernanke is one evil bastard
Sorry communists, I’m voting for Ron Paul and buying gold stocks like NSRPF.
You obviously have no concept of how markets and supply and demand work.
I’m afraid your “all time highs” arguement on gold is unsound. The reality is more like fiat currency is at all time lows, and the prospects of it falling more is certain. Try comparing gold to other commodities. You may find it is gold, not the USD, that is the most stable money in all of history.
To but shake his hand would be such a glorious advent. This man IS Thomas Jefferson reborn.
Exactly how do I get rid of 1 and 2 dumbass when bankers have got it written into law. The whole purpose of enforcement of taxation in fiat (paper) money and enforced use of fiat money as full & final settlement of debt is to keep people entrapped in fiat money – the value of which which banking crooks control.
Look you are too dumb to understand the issues involved.
The solution is privately issued competing local currencies to end the monopoly over currency issuance and crony capitalism.
Ron Paul sounded very disappointed at the end, Bernake has this so called power and he is a fucking shitdip… RON PAUL!!!!!!!!
Ron Paul supporters:
Understand that Ron Paul is not on the ballots while Gary Johnson IS! The only way to save America is to elect a Libertarian because the dems and republicans are both working for the same elitists… VOTE GARY JOHNSON TO END AMERICA’S CORRUPTION!
your the one who’s fucking dumb, your solution to 1 & 2 is a gold standard. Just get rid of 1 & 2 you fucking retard. Gold and silver are not safe guards at almost all time high gold prices, if you can’t understand buy low sell high, don’t invest hold dollars. look up: house prices in gold, and make your own judgement by the numbers on weather you think gold will hold it’s value. don’t listen to any one just follow the numbers, test these theory’s with the results of data.
I’m afaid a low IQ person such as yourself does not understand :
1) sales tax on the purchase of gold
2) capital gains tax on the appreciation of gold – which is actually a measure of the depreciation of paper money.
The whole reason for 1 & 2 is to prevent people from safeguarding the fruits of their labor from theft by banking crooks who benefit from the paper printing & shuffling racket.
As I said, you are dumb and your message shows it.
do the numbers how much gold would 5 dollars become if we switch over to the gold standard, it would be a speck of gold 0.015 grams, that is like cutting a one gram piece of gold in 66 little pieces, And! this is only is every person hands in there gold engagement rings and every bit of gold there is, Do you think the central banks will hand there gold over? gold is much easier to manipulate than dollars.
Let people who Earn the wealth select the money they wish to save & use? you can buy gold dick head, if you want to save in gold go for it, but your a fucking idiot if your buying an asset at almost all time highs.
fact one dollars are not worthless. fact two if you work for 3 weeks you might be able to buy an oz of gold, if every person on the planet did this there would not even be enough to pay every body. fact three banks already have most the gold so there would be even less gold to go around. fact four the farmer grows food, sells for gold, grows more food sells for gold, sells more food, sells for gold, what the fuck do you thinks going to run out first the food or gold? dick head.