You don't own gold, not one of you owns gold.

Discussion in 'Economics' started by Der Vent, Aug 22, 2011.

  1. holy buttfuck.

    no sooner do I call for their heads, (for the 99th time) than Blankfein hires a criminal lawyer.

    Im the fucking best morons.
     
    #31     Aug 22, 2011
  2. You are correct sir! All the gold could not have built everything we see in the modern world (at least not as fast as we built it) Which means when the currency collapses, you will see prices hyperinflate, but deflate in terms of gold. If the average house costs $190,000 or 100 oz of gold, you will see the average house price drop to 30 or 50 oz of gold. (maybe lower).

    Expect unskilled wages to go back to the denarius (1/10 oz of silver) Use the 17.5 to 1 ratio to gold and thats about $10 per day in wages which is currently what 80% of all humanity lives on.

    The world will not progress as fast as it has the last 100 years, so that is more of a reason to get as much gold and silver as possible now to set yourself up for later.
     
    #32     Aug 22, 2011