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Give me a break. There has been no time in the last few centuries(probably ever) where you actually needed gold to survive.
Originally posted by Sashromi
Gold just a rock with no real value? Might as well say that a car is nothing more than a heap of sheet metal (or whatever), steel, rubber, plastic and glass.
Originally posted by qbik2008
A thought that "I" am following, is teaching myself and learning about "Wild" Edible Plants...because we have been programmed from birth to not look at these things...I think this is a much more "Sustainable" option...that is if one truly wants to survive all of this "Chaotic Manipulation" by the "Reptillians and the Greys"...if not...death is not so bad either....either way...it is our Knowledge and Awareness that truly sets us free and "Protects" us...
just a thought from an unrealistic/unprovable funny little man...
Originally posted by Vodo34861
This is just like in the great depression when the public was not allowed to have gold and they were ordered to turn in all gold to the GOV. While it is a good time to buy gold and other metals, when it all hits the fan are we really going to be able to keep that gold? I think not, it will just be taken from us along with everything else we buy.
After the confiscation announcement, only 3.9 million ounces of gold coin - approximately 21.9% of the gold coin then in circulation - were turned in. Subsequently, the government no longer reported this statistic as it assumed, according to Friedman and Schwartz, that these gold coins were "lost, destroyed, exported without record, or…in numismatic collections". After analyzing in some detail each possibility noted in the government's contention that ostensibly explained why all these gold coins remained outstanding after the confiscation, Friedman and Schwartz go on to say: "We therefore concluded that in Jan. 1934 the bulk of the [13.9 million ounces] was retained illegally in private hands." - Milton Friedman and Anna Schwartz: A Monetary History of the United States, 1867-1960
Originally posted by News Junkie
Note that the 1 month lease rate is a negative value - something I have never seen before. I take this to mean that you will be paid to hold leased gold for 1 month rather than being charged a holding rate.
Lease rates displayed are an indication only of bank to bank borrowing charges. The degree to which lease rates may be displayed as negative would suggest the degree to which there is a lack of demand to borrow the metal.
What is GOFO?
GOFO stands for Gold Forward Offered Rate. These are rates at which contributors are prepared to lend gold on a swap against US dollars. Quotes are made for 1-, 2-, 3-, 6- and 12-month periods.
Originally posted by ANNED
The price of gold has NEVER gone up as the US was coming out of a recession. Gold has never gone down as the US was going into a recession