posted on Aug, 23 2011 @ 01:02 AM
The man is spot on. Here is why I personally believe this to be so and have been preaching to my co-workers and family to get out of the market and DO
NOT believe the gold hype.
1. Why is gold "valuable?"
2. What can gold be used for?
3. Why are the majority of small and larger media sources alike advertizing to buy gold?
4. What happens when you have gold and things do collapse?
1. Gold is only valuable because people place value in it just like any other currency throughout world history. Think about the uses for gold, do you
see it or use it every day?
2. It is not a great electrical conductor, you cannot eat gold, it is not a strong metal that can be used for construction on a large scale and will
not serve any survival assistance. To the gold supporters who claim medical value or for the use of computers and aircraft: Copper, nickel, silver,
lead ect....all these other metals are much more abundant and either conduct better, block radiation better, and again much more readily available.
3. I question information, do you? Since when is CNN, MSN, FOX, ABC, CBS, or WALL STREET concerned about us the consumer? We should go buy gold to
protect ourselves against the coming collapse (I do believe one is coming very soon) while on the other hand trying to assure investors with phony job
reports, market manipulations, ect. If it is so important to have why hasn’t gold hit the 5k an ounce so many have claimed should have come by now?
People buy gold as a conversion tool from one currency to another or to get out of currency into something truly valuable like things humankind needs
to survive: (food, water, shelter and in some cases energy)
4. So consider the possibilites and outcomes of this crazy global financial mess:
A. Feds print more and more money until the value of a dollar is useless and the full faith and credit of the US has been destroyed. Will your
employer pay you in dollars, gold or a new currency? At that point will you have a job at all? Answer: most will not have a job since America produces
almost nothing that the world needs therefore our consumer based society will come to a dead stand still aside from the basic human needs. You won’t
need to be paid, review history (this is called hyperinflation and it has happened before i.e. Weimar republic) in short in 1923 a 50 million mark
note was worth approximately 1 US dollar. This will cause panic and chaos and gold won’t matter at all because who will accept it? Gas stations and
grocery stores won’t have scales and a mineral expert to evaluate your payment, come on.
B. Switching currency: horrible mess in that the exchange rate will be bad for dollars to anything. Gold will increase for a short while during this
period until people are unable to acquire it. If you’re not being paid in gold and you’re not finding gold but instead using it to buy yourself
survival items (food water shelter) you eventually run out. UNLESS you are PRODUCING what people need (food water shelter) are you seeing the light
yet? Gold is good for a while but worthless in the long run.
C. Government takes your gold: please see executive order 6102. It could happen again folks AND PROBABLY WILL IN ORDER TO REPAY FORIEGN DEBT. They
don’t have to come knocking at your door either domestic terrorist style, they can make it illegal like gold prohibition or freeze ETFS, safe
deposits or they could kick your door in with homeland security.
Solution: Have a small savings of cash and gold or silver but a much larger supply of food and drinkable water. Ideally plant a garden, store seeds,
have food and water storage for at least a month (until you can be placed at a FEMA location. LoL)
I am a history major and work at a private university, I have nothing to gain by telling you this other than my genuine concern for my fellow man whom
I consider a brother within the family of Adam. If you feel I lack wisdom or this is unsound advice dont follow it. I will give to those who ask, for
Jehovah Jireh is my God.
Read books and review history.
The most hated sort of money-making, and with the greatest reason, is usury, which makes a gain out of money itself and not from the natural use of
it-for money was intended merely for exchange, not for increase at interest. And this term interest, which implies the birth of money from money, is
applied to the breeding of money, because the offspring resembles the parent. Wherefore of all modes of money-making, this is the most unnatural.