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The Water Cooler
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Where's the smart money?
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<blockquote data-quote="ttown" data-source="post: 1310349" data-attributes="member: 2114"><p>And your point? Like money was worth anything either. What came back the currency or gold? There's always going to be short periods of time nothing but the goods will do. We lucky we had laws on the books in the big Tulsa area ice storm, even if you had money there wasn't anything to buy or anyone that would sell.</p><p></p><p>PM's have advanced on EVERY fiat currency in the world for a reason. The FED must cause inflation to pay the bills just like every country in the world is doing at present. If you want to try and guess what one goverments policy is than that's okay but it's a high risk game IMO.</p><p>Gold doesn't go up or down it's a measure of fiat currency (the standard). If gold dropped to $100 an ounce that would be good for all of us and your other investment are going though the roof with the dollar being VERY strong.</p><p></p><p>If you haven't seen the slow train wreck by now your beyond help. The little guy and middle class always get it in the end. Maybe theses people are the real fools <img src="/images/smilies/smile.png" class="smilie" loading="lazy" alt=":)" title="Smile :)" data-shortname=":)" /></p><p></p><p>Super-rich investors buy gold by ton</p><p></p><p><a href="http://www.reuters.com/article/idUSTRE6932NR20101004" target="_blank">http://www.reuters.com/article/idUSTRE6932NR20101004</a></p><p></p><p>looks like even the bankers are seeing the writing on the wall:</p><p></p><p>The Federal Reserve is Selling Paper Gold and Buying Physical Gold</p><p></p><p><a href="http://www.financialsense.com/contributors/rob-kirby/the-federal-reserve-is-selling-paper-gold-and-buying-physical-gold" target="_blank">http://www.financialsense.com/contributors/rob-kirby/the-federal-reserve-is-selling-paper-gold-and-buying-physical-gold</a></p><p></p><p>PM's are insurance they can't print it out of existance. Funny everyone has car and house insurance but won't put 10 to 20 percent in tough times to preserve their capitol. Those that have it will do very well in the future IMO, those that follow the crowd esp. in the US aren't going to do real well. The US is losing it's grip on controling the world like it or not, best adjust to the new rules like everyone globally is or your toast. There's a time to buy and a time to sell everything runs in cycles this time will pass too.</p></blockquote><p></p>
[QUOTE="ttown, post: 1310349, member: 2114"] And your point? Like money was worth anything either. What came back the currency or gold? There's always going to be short periods of time nothing but the goods will do. We lucky we had laws on the books in the big Tulsa area ice storm, even if you had money there wasn't anything to buy or anyone that would sell. PM's have advanced on EVERY fiat currency in the world for a reason. The FED must cause inflation to pay the bills just like every country in the world is doing at present. If you want to try and guess what one goverments policy is than that's okay but it's a high risk game IMO. Gold doesn't go up or down it's a measure of fiat currency (the standard). If gold dropped to $100 an ounce that would be good for all of us and your other investment are going though the roof with the dollar being VERY strong. If you haven't seen the slow train wreck by now your beyond help. The little guy and middle class always get it in the end. Maybe theses people are the real fools :) Super-rich investors buy gold by ton [url]http://www.reuters.com/article/idUSTRE6932NR20101004[/url] looks like even the bankers are seeing the writing on the wall: The Federal Reserve is Selling Paper Gold and Buying Physical Gold [url]http://www.financialsense.com/contributors/rob-kirby/the-federal-reserve-is-selling-paper-gold-and-buying-physical-gold[/url] PM's are insurance they can't print it out of existance. Funny everyone has car and house insurance but won't put 10 to 20 percent in tough times to preserve their capitol. Those that have it will do very well in the future IMO, those that follow the crowd esp. in the US aren't going to do real well. The US is losing it's grip on controling the world like it or not, best adjust to the new rules like everyone globally is or your toast. There's a time to buy and a time to sell everything runs in cycles this time will pass too. [/QUOTE]
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