Are any world currency's backed by gold

reply to post by Stratrf_Rus

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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 to post by RetinoidReceptor

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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

Canada is backed by gold and platnum , we make quadrillion dollar bindles that have 1000 billion dollar notes . The notes must ALL end up in order at a verified first world econmy old banking system industrial and they can then be traded with Canada for the equivalent in Gold or Platnum if needed . Canada is one of the oldest first world economy and we dont trade with anyone outside of kanata and eastern borders . We have a new government system not only to defraud theives of our currency but our data banks with government folders are impossible to hack .

The quad is actually for business in space , a trillion is real money when doing biz on the new amerikan space station but biz will always be slow . canada hopes in the future to put a permant space station a few stars away in the galaxy we inhabit , we will watch all traffic up there comming in and we will talk to other first world old countries from Easrth there and only there . Canada no longer agnolwedges the Southern United States , we are selling all properties and we wish our dual Indian canadians residents and amerikan indian residesnt who are property owners in Kanata would be treated properly by fakes pretending to be Amerikan residents .

the swiss franc is backed 40% by gold reserves

Gold Is a very usefull element. It's almost a wast to use it for show. I fear {in the hidden scope of things} dollars and cents will merely be the noose we hang ourselves with. Matter is the real prize credits are for the sheep. I had an epiphany the other day~>

http

Thanks to my good buddies at POPSCI

3 Steps to Outlaw Money

1. TELL everyone "government issues free money, everything's free".

2. Take only what's necessary from the stores without paying. If stopped, return to 1 above.

3. STOP paying utilities, taxes etc to "force" government to provide everything freely because government issues free money anyway.

NOW copy and paste this everywhere you can. EMAIL this. It's fight back time NOW or never!

The joke is on any country that thinks gold is worth something and they can bankrupt the US.

In the US less then 1/100 of one percent of the gold that is economically mine able has been mined.

There is in the sea water in the pacific ocean more gold then has ever been mined worldwide.

You could pay off the national debt with the gold that is in the electronics and buried in cemetery's in the US.

riiiiiiight

put the koolaid down

that sounds mighty fine but if its true I thank you for the insight

reply to post by ArbitraryGuy

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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 to post by mr_albest

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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.