Gold

[Mr.Nick]

Any one ever think what will happen IF the economy is settled and gets back on track?

Someone will loose a shit load of money...

I mean what will happen when everyone starts selling off gold for American dollars again??

Our economy is so fucked no one knows...

For the idiots who have no clue as to what I'm saying - Imagine a gold housing bubble..

 

[Mr.Nick]

Of course European nations and China would buy it up when it drops...

Oh boy that would be a horror show....

We're so fucked its funny....

Now it pretty much comes down to "do you want a strong dollar or your investments in gold to plummet."

We're so screwed......

It's a "which way you want to collapse" type scenario.

 

[Mr.Nick]

It's only a matter of time and there is absolutely no way to fix our collapse....

One of two things are only possible, one is that the economy recovers and everyone that bought gold would loose drastic amounts of money or two the economy collapses and paper money becomes worthless and gold is the currency...

It's paper or plastic at this point....

The ONLY possible way to fix this is to go back to the gold standard...

 

[uscitizen]

Depends on when you bought and how much you paid.
I think I will be fine since I bought at around 550.

 

[Mr.Nick]

Depends on when you bought and how much you paid.
I think I will be fine since I bought at around 550.

What about all these cats (no pun) who bought it for 1200???

How can you adjust that to the dollar???

 

[Mr.Nick]

People will lose so much money IF the economy recovered ...

What the fuck would people do with the gold?

Sell it to Libyan dictators? oh yeah.. Princes??

It's just too late....

The biggest problem is that we don't have enough gold to cover what the feds printed...

I've been pondering this for months....

 

[WatertheTree]

Depends on when you bought and how much you paid.
I think I will be fine since I bought at around 550.

What about all these cats (no pun) who bought it for 1200???

How can you adjust that to the dollar???

You cant, those people are fucked. But the dollars not coming back, so they have nothing to worry about.

 

[Mr.Nick]

Depends on when you bought and how much you paid.
I think I will be fine since I bought at around 550.

What about all these cats (no pun) who bought it for 1200???

How can you adjust that to the dollar???

You cant, those people are fucked. But the dollars not coming back, so they have nothing to worry about.

Hence the economy fails....

Either way - our economy recovers and the poor get their welfare back or the middle class lose all their money in gold....

The rich are at the same point or event horizon .

This is an economic event horizon....

It will be 20-30 years before we ever regain what we had as a society.

 

[Douger]

Take that piece of toilet paper with the pic of the inbred wearing a wig and make me a high tech electrical contact. Then we'll talk.

 

[editec]

It IS entirely possible that the world's governments will inflate the money supply in a way that causes massive runaway inflation.

Then GOLD is a safe haven

It is ALSO possible that the world's governments will so screw up the economy with still more foolish supply side policies that the economy remains in the shitter thus preventing real runaway inflation.

Then GOLD will turn out to be a BUBBLE