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NoSkeptics (November 30, 1999 at 12:00 am)
The point of all this, we need to END THE FED! The federal reserve note is worthless. My old socks and toilet paper is worth more than the dollar. It's also NOT legal tender and is un-Constitutional. w w w. EndTheFed . u s
DrewAWeeks (November 30, 1999 at 12:00 am)
Is it possible investors keep inflating the US dollar though and keep it there for 10 or 15 years? What about the US building up some profitable companies because foreigners buy up all the good businesses and run them properly? How do they artificially deflate REAL gold anyway?
lydelli2004 (November 30, 1999 at 12:00 am)
don't know what to do. transfer our moneys to other currencies or buy overpriced gold bullions?
clev9980 (November 30, 1999 at 12:00 am)
while the price of gold will likely go up; getting a fair price for it once you bought it at highly inflated prices is another story.
dannno (November 30, 1999 at 12:00 am)
Because due to worldwide market uncertainty, investors took their money out of other currencies (the Canadian dollar, the Euro, the British Pound, etc.) and flocked to the US dollar, raising its value vis-a-vis other currencies and against gold as well.
This sudden downturn in gold is a bit of an anomaly though, and once inflation really catches on in the US (and other countries) after all these "bailouts" you will see the price of gold shooting up.
DrewAWeeks (November 30, 1999 at 12:00 am)
Thanks for explaining not to buy paper gold. I didn't realise that. I'm still researching this.
kingfugazi (November 30, 1999 at 12:00 am)
Thats what I am asking. But this video says the price of gold dropped in the Great Depression (1931). I am swayed to believe that as Americans become more aware of the control of the system, Money, Money, Money- that we will be assaulted by the powers that be more & more. The USD drops & so does Gold? B.S.! Now, after nationwide protests to End the Fed (11/25/08), U.S. Troops are being stationed HERE as "Consequence Management Response Forces" (Washington Post 12/01/08).
mreisma (November 30, 1999 at 12:00 am)
FFFFFFFUUUUUUUCCCKKKKKK!
offdaheez (November 30, 1999 at 12:00 am)
^thats the paper gold market...not the physical market...there has been a lot of manipulation of prices but the physical value of one ounce is still around $1000-$1100...so DONT buy paper/electronic gold securities...buy physical gold
DrewAWeeks (November 30, 1999 at 12:00 am)
Why did gold crash recently and get to $750? |
