GOLD 0.51% $1,391.7 gold futures

return the gold standard as world unravels, page-60

  1. adm
    95 Posts.
    Bloomberg - http://www.bloomberg.com/news/2011-07-22/default-now-or-suffer-a-more-expensive-crisis-later-ron-paul.html#disqus_thread

    Read the comments - more and more people are starting to understand sound money principles and the perils of debt. Either way, default or more debt, the POG is only going up. Physical gold is and always has been the safest store of wealth. The fact that it requires time, effort and resources to discover, mine and process, means that it cannot be acquired without parting with capitol. Central banks cannot monopolize the supply and markets alone determine its value/purchasing power.

    If you're worried about the spot price manipulation and distortion of price discovery, fear not. That is coming to an end with the introduction of new exchanges and futures contracts in Asia and it only serves to give us more time to accumulate. Supply demand fundamentals will soon take over once more. Gold is being remonitized as we speak. Why else are central banks buying and not selling the yellow metal? Why else are a billion Chinese being encouraged to invest in PMs? Why else are an increasing number of states in the USA starting to introduce gold and silver as legal tender?

    Fiat currencies have come and gone throughout history, we've seen the effects of rampant inflation, we've seen property bubbles and ponzi schemes, we've seen corruption on a grand scale, and we've seen our savings covertly stolen year after year.

    Things are changing very quickly. All it takes is for people to wake up to their own ignorance. Bankers and media magnates are no match for the Internet in this digital age.
    So spread the word (educate friends and family) and it will become a self fulfilling prophecy.
 
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