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austrian123
Joined: 15 Oct 2010
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 Posted: Wed Aug 10, 2011 9:24 am Post subject: hey jaykimf |
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| have you noticed the price of gold and silver these days? |
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austrian123
Joined: 15 Oct 2010
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| Posted: Sun Sep 18, 2011 11:08 am Post subject: |
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| well? |
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jaykimf
Joined: 24 Apr 2004
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| Posted: Sun Sep 18, 2011 11:30 am Post subject: |
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| No. I don't care what the price is. I don't own any and I'm not going to. |
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austrian123
Joined: 15 Oct 2010
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| Posted: Sun Sep 18, 2011 11:53 pm Post subject: |
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| jaykimf wrote: |
| No. I don't care what the price is. I don't own any and I'm not going to. |
But you said that precious metals were in a bubble......
You also said that there was no way that the US economy would go into a major depression and you also said that printing money was the way to go solve our problems. |
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johnnyenglishteacher2
Joined: 03 Dec 2010
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| Posted: Mon Sep 19, 2011 9:30 am Post subject: |
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| austrian123 wrote: |
But you said that precious metals were in a bubble......
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The property bubble might not have seemed like one back in 2007... |
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ontheway
Joined: 24 Aug 2005
Location: Somewhere under the rainbow...
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| Posted: Mon Sep 19, 2011 10:44 am Post subject: |
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The value of gold is stable. It is not actually rising.
What we are seeing is the fall of the dollar, which is a semi-fiat currency (it is actually a currency with the potential of being re-backed by gold and functions as a continuously, automatically devaling currency due to ongoing debasement). The other fiat currencies of the world which depend on the dollar, in addition to being subject to additional mismanagement by their home states, are falling as well. Price fluctions seen on a day to day basis are caused by instability in the world's currencies, not gold. If the dollar appears to have fallen too fast there could be a correction, but most of the fall seen of the dollar seen to date can never be recovered. A ratio of 1 ounce of gold per $5000 is on the horizon. |
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jaykimf
Joined: 24 Apr 2004
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| Posted: Mon Sep 19, 2011 1:53 pm Post subject: |
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| austrian123 wrote: |
| jaykimf wrote: |
| No. I don't care what the price is. I don't own any and I'm not going to. |
But you said that precious metals were in a bubble......
You also said that there was no way that the US economy would go into a major depression and you also said that printing money was the way to go solve our problems. |
No, I never said any of those things. You're confused. |
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