GOooooooooLD!!!!!

heckler73

heckler73

Well-Known Member
Balzac89 said:
There are still people in the world who know the value of real money.
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Real money?
Like Yak Dung? Perhaps you should define "real money" first, then build around your hypothesis with value judgments.
I'm beginning to suspect the market underlying Bitcoin is more valuable from the perspective of "real money" than shiny rocks, at this stage!
How's that for irony, eh?
 
Balzac89

Balzac89

Undercover Mod
Metal and rocks are two very different substances. One is far more scarce than the other.

Can I ask you a question heckler?

How much long will the petrodollar remain the reserve currency with governments in the East stacking physical metals.
The Chinese are dumping U.S. Treasuries faster than ever and they just updated their gold reserves for the first time in years. (which is vastly understated as the Chinese government reserves the right to buy any gold mined in China.)

China is the largest Gold miner in the World.
 
Balzac89

Balzac89

Undercover Mod
My main point being in the coming years the dollar is going to be shit paper.

The smart money is in commodities and land. Farm land with water access.

Anyone invested in stocks better keep an eye on the market or they will be lead to the slaughter again.
 
heckler73

heckler73

Well-Known Member
Balzac89 said:
Can I ask you a question heckler?
Click to expand...
Yes, but I reserve the right to answer.

How much long[er] will the petrodollar remain the reserve currency with governments in the East stacking physical metals.
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What defines the existence of the petrodollar in the first place? It isn't the price of gold. Also, where is the proof of "stacking"?

The Chinese are dumping U.S. Treasuries faster than ever and they just updated their gold reserves for the first time in years. (which is vastly understated as the Chinese government reserves the right to buy any gold mined in China.)
Click to expand...

No...now you are making stuff up.
http://www.treasury.gov/ticdata/Publish/mfh.txt

China Treasuries 2015.JPG

China is the largest Gold miner in the World.
Click to expand...
 
Balzac89

Balzac89

Undercover Mod
ChesusRice said:
What percentage of population of the world does China have?
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This number just relates to the actual purchasing done by the government itself for the purpose of reserves.

It does not relate to private investment, industrial use or jewelry.
 
C

ChesusRice

Well-Known Member
Balzac89 said:
This number just relates to the actual purchasing done by the government itself for the purpose of reserves.

It does not relate to private investment, industrial use or jewelry.
Click to expand...
An economy based on gold is more volatile than one based on fiat currency (Im ronpaul speaking)
 
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