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Re: There is one thing i can see golds crazy value on

By: capt_nemo in ROUND | Recommend this post (0)
Fri, 21 Oct 11 1:59 AM | 47 view(s)
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Msg. 35687 of 45651
(This msg. is a reply to 35681 by Decomposed)

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OK Than, What exactly are you going to trade your gold in for, when their is no $$$$$$$$$$ to purchase goods or services? You just gonna shave off a sliver for your stagg chili? Whittle a piece for gas for your car, if you can find some? That is the part i have a hard time with. We all $itch about the dilution of our dollar and it will disappear. Just can't figure how gold will replace purchasing power of everyday goods and services..




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.


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The above is a reply to the following message:
Re: There is one thing i can see golds crazy value on
By: Decomposed
in ROUND
Fri, 21 Oct 11 12:20 AM
Msg. 35681 of 45651

re: "Find a country whose currency hasn't been diluted like a POS penny stock"

There aren't any. ALL of the world's currencies are fiat. And fiat's PURPOSE is to let the party controlling it dilute it.

Think about it. If YOU owned the presses and had the right to spend newly printed cash, wouldn't you be printing and spending about as quickly as you thought you could without getting jailed or lynched?

DILUTION IS WHAT FIAT MONEY IS FOR.


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