If I hear this gold add or another like it just one more time , I'm gonna freak.. [ame="http://www.youtube.com/watch?v=oZ_ylZURpZc"]http://www.youtube.com/watch?v=oZ_ylZURpZc[/ame] It's one thing to advertise , it's another to be a darn social nusiance about it What are your thoughts and please post & vote in the attached poll .
I don't blame those who tire of the constant Gold advertisers. But one must keep in mind that our Dollar IS being devalued at a rapid pace.Over 35% in the last decade.That is about the only option left for Fed Chair Bernacke.Bonds from abroad are near worthless so the Bond market has no wear to go {flight}. When Germany folds,that's about it.The Euro is finished and it's just a matter of what fiat currency will stay afloat long enough to stem the tide. Gold is THE hedge against inflation. What are you gonna do when the Greenback is stolen.When banks hoard it. You won't be able to acquire it.More because it won't be backed by anything and to keep the Populace from stashing it away for rainy days. Credit cards will be frozen.
The Dollar used to be backed by Gold and Silver. Those were taken by the FED reserve in 1933, and 1971 (respectively). Now you can buy a gallon of gas for a silver dime. The value is in the silver, not the dime... Its called Inflation, look it up.
Yeah, it's not the Gold that's gone up in value, it's the fact that the Dollar has lost so much value. An indication of how much the Dollar has lost its value in the last ten years is the fact that Gold has gone up several hundred %.
i believe the reason we got off the gold standard is because there is a ceilling wheather we like it or not on the amount of gold avaliable in the market. having a fiat paper money supply allows for the growth necessary so that the average standard of living was able to increase dramatically. think of our much our country thrived once we got off the gold standard. inflation is something that is good in a standard economy.... as more people join the population there will of course be a need for more money to go around.
GOLD? I laugh and cry. http://abcnews.go.com/Blotter/goldline-execs-charged-fraud/story?id=14857253 I laugh because Goldline, the company Glenn Becks recomends and trust has been charged for fraud. I feel sorry for all those poor souls who bought into his BS
My weak point is economics....but what I don't get....is how Gold will be worth anything if nobody has any money to buy it from you. I understand our big problem is a liquidity crisis....can anybody help educate an economic novice?
I'm tired of gold commercials, too, but the one that drives me up a wall is the one with the guy from Pennsylvania trying to say gold. People from Pennsylvania can't pronounce L's in words like "gold" and it sounds like "goad." Please get someone with a non-regional dialect to do a gold commercial.
Buying gold is stupid because it will never be worth more than the dollar. The day gold is worth more than the dollar is the same day a can of Spaghetti O's is worth more than gold.
This "liqudity crisis" is bull (*)(*)(*)(*). Banks and businesses are liquid as hell. My company just sold off 5 property for a cool 5 mill a piece and are liquid as water. They're holding on to the cash to ride out the recession, however long it may be. Most businesses are, which is why the liberals are freaking out so bad. They think businesses should just hire people as a form of working welfare as a patriotic duty or some (*)(*)(*)(*) like that. Hire people at 20 bucks an hour to sweep floors and other useless tasks. They can go to hell. Its just not worth using up precious cash reserves because the Collective says it's your civic duty too. Bernanke knows it'll be his ass if he does another QE inflation scheme, they are out of options there. We can thank Rick Perry for that one. The fact is Obama and Democrats want desperately to raise the cost of labor in the middle of recession and the US business community isn't having it. The higher the cost of labor, the less people will get hired. It's just a fact of economic life right now. The Euros are learning the hard way.
It's not. Sorry, but if you want to learn about economics, the goldies are the last people you want to listen to, they have no idea. Just look at some of the claims in this thread: In 1950, the average price of gold was $34.72 an ounce. Adjusted for inflation that's $322.45 in 2011 dollars. The current price of gold is $1,723.20 References: http://www.nma.org/pdf/gold/his_gold_prices.pdf http://goldprice.org/ http://www.dollartimes.com/calculators/inflation.htm The value of the silver in a Roosevelt silver dime is $2.31 You know anyone selling gas for that price? As a practical matter, these dimes look identical to dimes being minted today, so if you tried to actually use one you'd get the face value of it - 10 cents. I doubt 99% of Americans would even realize it wasn't an ordinary dime. http://www.coinstudy.com/roosevelt-dime-values.html For some reason, the goldies think that gold and silver have some sort of magical inherent value that makes them immune to the laws that govern the rest of the economic universe. This is utter nonsense; gold is valuable for the exact same reason anything else is - because we, as a society, have decided that it is. As such gold is subject to the exact same forces of supply and demand as any other commodity. In my decidedly inexpert opinion, gold is currently grossly overvalued and is in the process of going through a price bubble caused by excessive speculation. And probably caused in part by the activities of one Mr Glenn Beck, as well. Prices bubbles inevitably collapse, and I hope the gods will have pity on those caught in the crash, because I doubt anyone else will. The bottom line is that anyone who's buying gold today is a fool. I just hope the damage from the bubble bursting doesn't bring down the rest of the economy with it like the housing bubble did.
i feel the same way about those stupid ass State Farm songs on the radio every (*)(*)(*)(*)ed commercial break. sad thing is i have State Farm insurance lol, but i wish they would just get rid of those panzy ass songs they have to keep playing. its annoying as hell.
