love it trackers
...make it so!
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love it trackers
...make it so!
You have that right Skol, its dropping again as gold goes up. I can only conclude that there are plenty of better gold shares out there, and retail money is moving out, at least. I do expect some big purchases to show up soon, but I'd settle for a gradual uptrend, easier on the nerves.
And no better for me today..guess I'll stay at work. Found this article, worrying times ahead for the Fed.
http://www.ob-research.com/A_No-Win_...on_for_the_Fed
Cam has posted this on the silver thread
http://www.foxnews.com/politics/2011...-silver-coins/
but the implications for both metals are HUGE if Utah (12 other states have similar proposals) does adopt a silver/gold defacto standard.
Comment from "helicopter Ben" "Federal Reserve Chairman Ben Bernanke this week dismissed the notion of the gold standard returning to the U.S.
"It did deliver price stability over long periods of time, but over shorter periods of time it caused wide swings in prices related to changes in demand or supply of gold," he told the Senate Banking Committee. "So I don't think it's a panacea."
Bernanke also said that gold couldn't return as the world standard because there's not enough gold in the world to effectively support the U.S. money supply"
Gee thats an easy one Ben just increase the price of gold dont even have to crank the printing press or change $US as the reserve currency
A principle of economics which has been proved time and time again is that people will exchange bad money for good currency whatever that currency is .
Zimbabwe had classic bad money situation where the local population ended up trading anything other than their currency.
A Litre of petrol became currency.
They ended up printing $100 trillion dollar notes that bought sweet FA.
Gold's just another commodity, no different from any other.
Maybe they should introduce legislation that you can pay in any other commodity, silver, platinum, cows, you name it.
It's nonsense.
Some think it is complete sense to go BACK to silver/gold currency.:)
"Jeff Bell, a policy director for the Washington-based American Principles in Action (APPIA), which helped shape the Utah bill, told FoxNews.com that passage of the bill would send a message to Washington and other states.
"People sense that in the era of quantitative easing and zero interest rates, something has gone haywire with our monetary policy. But people are afraid to say it," said Bell, who was an adviser to Ronald Reagan's 1976 and 1980 presidential campaigns. "If one state recognizes gold as a valid currency, I think it would embolden people not just in other states but in Washington."
Bell credited Tea Party activists for advancing the legislation this far. Rep. Brad Galvez, who introduced the legislation, is a freshman legislator backed by the Tea Party.
"Saying we now recognize gold as money is a big step forward," he said
I hope they do it, an interesting experiment, the population wandering around with gold in their pockets. A criminal's dream come true.
In times past people did trade in gold but they also carried pistols, daggers, and walking sticks that doubled as guns or flick knives. Doing a holdup in the 18th/ 19th century was fraught with danger because the populace had the means to fight back and did so. Carrying a weapon was a normal part of getting dressed for many.
I would really like to see someone try buy everyday items like milk, a paper etc with gold.
How would you know the exact weight and quality?
Lol I can just see it, given that gold is around $1900 (NZD) an ounce, and a bottle of milk is $4, you would pull 0.07 of a gram of gold out of your pocket to pay for it. ($4/$1900*33) Good times for the ones with hard eye sight.