Cordell Posted November 17, 2010 Report Share Posted November 17, 2010 Anybody notice how many places are buying gold? Why do you think that is? Here's my thought, the government is going to drive down the value of a dollar by printing more money in their efforts to get out of this recession. This will enable people to sell the gold later for lots more dollars...... discuss........... Quote Link to comment Share on other sites More sharing options...
AWW$HEEET Posted November 17, 2010 Report Share Posted November 17, 2010 Yes, people buy gold to hedge against inflation, whats your point? Quote Link to comment Share on other sites More sharing options...
Bam Posted November 17, 2010 Report Share Posted November 17, 2010 Yes, people buy gold to hedge against inflation, whats your point? el oh el Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted November 17, 2010 Report Share Posted November 17, 2010 Buy gold!! Quote Link to comment Share on other sites More sharing options...
Guest 614Streets Posted November 17, 2010 Report Share Posted November 17, 2010 I THINK I AM GOING TO BUY A NUMBER TEN AT MCDONALDS WITH PYRITE. Quote Link to comment Share on other sites More sharing options...
Sam1647545489 Posted November 17, 2010 Report Share Posted November 17, 2010 Um, didnt Obama print out another 600 billion dollars just recently. Mark my words, I think another big recession is in the works. Quote Link to comment Share on other sites More sharing options...
Cordell Posted November 17, 2010 Author Report Share Posted November 17, 2010 Um, didnt Obama print out another 600 billion dollars just recently. Mark my words, I think another big recession is in the works. I don't understand how the government can spend its way out, that's for sure. We've spent some 37 billion dollars on unemployment "benefits" in the last few years, all thats going to do is raise taxes for businesses and keep more people unemployed. Too many democrats in power. Quote Link to comment Share on other sites More sharing options...
Dave1647545494 Posted November 17, 2010 Report Share Posted November 17, 2010 depression is probably closer to the truth, all the government is doing is helping make the bubble bigger. Quote Link to comment Share on other sites More sharing options...
evan9381 Posted November 17, 2010 Report Share Posted November 17, 2010 I don't understand how the government can spend its way out, that's for sure. We've spent some 37 billion dollars on unemployment "benefits" in the last few years, all thats going to do is raise taxes for businesses and keep more people unemployed. Too many democrats in power. i like how you quote "benefits". being recently unemployed, it definitely is a "benefit" to me...otherwise i'd be cracking into my limited savings immediately to pay my mortgage, and that would last for about 5 months IF i dont find anything. 1 Quote Link to comment Share on other sites More sharing options...
Littleguy Posted November 17, 2010 Report Share Posted November 17, 2010 Anybody notice how many places are buying gold? Why do you think that is? Here's my thought, the government is going to drive down the value of a dollar by printing more money in their efforts to get out of this recession. This will enable people to sell the gold later for lots more dollars...... discuss........... Currency manipulation has been working pretty well for China the past few years. Quote Link to comment Share on other sites More sharing options...
LJ Posted November 17, 2010 Report Share Posted November 17, 2010 Yes, people buy gold to hedge against inflation, whats your point? and just about every other commodity Quote Link to comment Share on other sites More sharing options...
Draco-REX Posted November 18, 2010 Report Share Posted November 18, 2010 Too many politicians in power. Fixed Quote Link to comment Share on other sites More sharing options...
unfunnyryan Posted November 18, 2010 Report Share Posted November 18, 2010 itt: people who don't have a full grasp on economics. on topic: Yeah, its the gold companies buying gold, so they can sell it back to you in the form of some stupid glen beck coin at a highly inflated cost in order to prevent americapocalyse. 1 Quote Link to comment Share on other sites More sharing options...
wagner Posted November 18, 2010 Report Share Posted November 18, 2010 Nobody knows what will happen and anybody that claims to know is full of shit. The people in office in any country are just rolling the dice and praying for the best. There are no economic models or solid ways to really predict what will happen. The only constant is uncertainty and that is what drives the problem and makes a smart business person NOT want to spend money. If you don't know what your tax rate will be after the first of the year would you want to expand? As long as you can shoot a gun and grow a potato you will be fine. Quote Link to comment Share on other sites More sharing options...
AWW$HEEET Posted November 18, 2010 Report Share Posted November 18, 2010 itt: people who don't have a full grasp on economics. on topic: Yeah, its the gold companies buying gold, so they can sell it back to you in the form of some stupid glen beck coin at a highly inflated cost in order to prevent americapocalyse. Sorry bruh I majored in econ. Quote Link to comment Share on other sites More sharing options...
AWW$HEEET Posted November 18, 2010 Report Share Posted November 18, 2010 Nobody knows what will happen and anybody that claims to know is full of shit. The people in office in any country are just rolling the dice and praying for the best. There are no economic models or solid ways to really predict what will happen. The only constant is uncertainty and that is what drives the problem and makes a smart business person NOT want to spend money. If you don't know what your tax rate will be after the first of the year would you want to expand? As long as you can shoot a gun and grow a potato you will be fine. Actually there is a model that tells exactly what will happen, its called the Quantity Theory of Money Quote Link to comment Share on other sites More sharing options...
wagner Posted November 18, 2010 Report Share Posted November 18, 2010 Actually there is a model that tells exactly what will happen, its called the Quantity Theory of Money I will have to research this and might use it in class. I do have a hard time accepting there is anyway to predict this dumpster fire of a world economy right now. Mind you I have had a few high octane beers tonight, so my "ideas" might be a bit off. Quote Link to comment Share on other sites More sharing options...
Snowflake Posted November 18, 2010 Report Share Posted November 18, 2010 I tried paying for a whore with four links off my gold chain the other night. She wanted the 80 bucks in cash though. So we hit the ATM after some ATM. I was able to get some weed for the 4 links though from the dope man. He said he takes gold because regardless what the dollar is worth gold will always hold its value. Just like it always has. Gold has international value. Quote Link to comment Share on other sites More sharing options...
Kevin R. Posted November 18, 2010 Report Share Posted November 18, 2010 Actually there is a model that tells exactly what will happen, its called the Quantity Theory of Money You are silly if you think there is a model to tell "exactly what will happen". You must be the most proficient investor in the world. Quote Link to comment Share on other sites More sharing options...
Tractor Posted November 18, 2010 Report Share Posted November 18, 2010 There were gold buyers in the 70-80's wishing they'd never bought gold until recently assuming they held on to it. Just say'n its not something I'd consider a bright investment. Basically any time the world could recover and your stuck with a bunch of gold and no way to sell it without a loss. Quote Link to comment Share on other sites More sharing options...
Littleguy Posted November 18, 2010 Report Share Posted November 18, 2010 Gold is not an investment, like someone else here said, it is a hedge against inflation. Personally, as someone who is not rich yet, I like the idea of money being cheaper. I think the people who worry about doom and gloom consider economics a zero sum game and fail to see that as long as some kind of change is occurring there are opportunities to make money. Quote Link to comment Share on other sites More sharing options...
Tractor Posted November 18, 2010 Report Share Posted November 18, 2010 I think the people who worry about doom and gloom consider economics a zero sum game and fail to see that as long as some kind of change is occurring there are opportunities to make money. This, I've done very well with my investments all through this recession and the last one. Though I don't invest, I swing trade. Quote Link to comment Share on other sites More sharing options...
Not Brian Posted November 18, 2010 Report Share Posted November 18, 2010 http://files.sharenator.com/Dollar_Shirt_Life_Hacks_and_Infos-s800x442-89479.jpg http://www.cslacker.com/images/file/mediums/one_dollar_bill_spider.jpg http://craziestgadgets.com/wp-content/uploads/2008/10/dollar_toilet_bowl_by_orudorumagi11.jpg http://www.photopumpkin.com/wp-content/uploads/dollar-origami-22.jpg http://www.freakingnews.com/Origami-Dollar-Pics-30709.asp http://img.metro.co.uk/i/pix/2008/11/Sclptures1Rex_450x300.jpg http://yatzer.com/assets/Article/1427/images/dollar_origami_by_won_park_yatzer3.jpg http://media.techeblog.com/images/dollar_bill_origami.jpg http://craziestgadgets.com/wp-content/uploads/2008/10/dollar-star-wars.jpg Quote Link to comment Share on other sites More sharing options...
87GT Posted November 18, 2010 Report Share Posted November 18, 2010 Buy ammo instead of gold. Profit. Quote Link to comment Share on other sites More sharing options...
Scotty2Hotty Posted November 18, 2010 Report Share Posted November 18, 2010 Dear Ronald Reagan, Please rise from the dead. Love - America http://thejunction.net/blog-images/ronald-reagan.jpg Quote Link to comment Share on other sites More sharing options...
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