Are any world currency's backed by gold, page 4
Pages: <<  1    2    3    4    5  >>
ATS Members have flagged this thread 1 times


reply posted on 26-8-2008 @ 08:32 PM by Anonymous ATS
reply to post by Stratrf_Rus



The reality is currency is only backed by law. The only safe heaven currency is your own brain and two hands, (if they both work) since they can potentially value add in real physical terms, from the earth under your feet…


reply posted on 26-9-2008 @ 01:59 PM by Anonymous ATS
reply to post by RetinoidReceptor



silver is currently at an all time historical low ratio to gold.
historically, the ratio is 16-1; currently, it's approx 65-1. (GD882/oz- SIL13.420/oz=65.72)
www.kitco.com...

what does that mean?
silver has the opportunity for HUGE returns, if the ratio adjusts itself to historical levels... which it always does.

NOTE: silver investments or "paper silver" is just that....PAPER!
if you want to protect your wealth and not just hedge against inflation, then you want the silver and/or gold sitting "in your basement safe" or safety deposit box or whatever.

also, for those, like myself, who are planning for the collapse of our current economies, then SILVER is your best bet, as trying to trade with gold is.... a little tricky.
silver coins would be your best bet in that situation, even though you'd be paying a premium over bars.

i won't be returning to this forum, so good luck everyone!

norton


reply posted on 19-12-2008 @ 11:24 AM by Anonymous ATS
reply to post by ArbitraryGuy



Gold in 1849 WAS worth a lot less because it was easily picked up. The storekeepers around them traded food and sundries for ounces of gold, for far more than the true 'market value' of the gold at the time.


reply posted on 26-12-2008 @ 04:17 PM by Anonymous ATS
reply to post by mr_albest



I actually checked up on this awhile back and you are incorrect. The legal tender statement is non-binding it means only that a vender may take cash as payment. That came from a dot.gov site although i dont recall which (maybe bureau of engraving). And go ahead, try and purchase an automobile for nickels or a house for dollar bills. They'll refuse and you are without legal recourse.
Pages: <<  1    2    3    4    5  >>    ^^TOP^^



DEA is Investigating Montana State Legislators Over State Laws
  Posted 10 days ago with 59 member flags
Who is really behind the birthers and what is their real motive?
  Posted 10 days ago with 11 member flags
ESF and Black op funding.
  Posted 8 days ago with 11 member flags
There is NO Media Bias in America
  Posted 9 days ago with 10 member flags
White House pressure on Gulf oil leak figures
  Posted 11 days ago with 5 member flags