KIT

Gold to $3,000?

Hmmm let gold run to $10,000 oz then impose a 90% tax gold profits.

The govt has a track record of hitting easy money

7 Myths About Gold Debunked: Bubble Warning; $600 Target?

Because we are off the gold standard and use all assets of the nation ,wheat, copper, uranium, home value, the navy ships, everything of value


On Jul 22 04:27 AM Andrew Butter wrote:

> Sure, divide the total amount of fiat money in the world by the total
> amount of gold and you get $9,000.
>
> So why isn't it up there?

7 Myths About Gold Debunked: Bubble Warning; $600 Target?

To force world economic activity to available gold supply would by need send gold price to the moon. Just inflation in a new form but this time you would never want to sell gold or use your gold based dollars as it would always be worth more tomorrow. (fullstop)


On Jul 21 10:53 AM Whippet wrote:

> Isn't that the problem? When our wages inflate, it pads our ego,
> but takes REAL money out of our wallets thanks to progressive taxation.
> "Gold bugs" would rather see a return to hard currency and systemic
> Austrian deflation- where money retains its value and does not have
> to be risked with banksters to stay even (or earn 5% a year in taxable
> income when real CPI inflation is 8%). MONETARY deflation makes a
> zero interest rate positive. Keynesian deflation is a system of systemic
> economic collapse. Do not confuse the two.

7 Myths About Gold Debunked: Bubble Warning; $600 Target?

30 years ago I made $6 per hour and milk was $1 gallon. I make $36 per hour now and milk is $5 gallon. If I saved an hours pay 30 years ago and bought milk today with it I lost value. I do not nor do you have PAST DOLLARS to spend today. Gold was $175 in 1975 or 29 hours pay at $ 6 so today $36 X 29 we get $1044 for gold.

Milk still cost 1/20 th of an hour, oz of gold still 29 hours

Stick a postit note on all your dollars ( dont write on money ) stating when you earned it see if you still have any next year.

We inflate our wage with inflation, a fact gold bugs dont like to talk about







On Jul 20 03:48 PM el dante wrote:

> has the dollar every doubled? has a loaf of bread? your dollar's
> worth less every year your alive. I WONDER how has gold done in that
> same time frame.

Are Gold ETFs Trapped in a Bubble?

When hyperinflation comes I will look for the people in the new suits ....... they must have gold at home..................


On Jun 15 03:08 PM SugarDaddy wrote:

> In the 20's an ounce of Gold would buy you a decent suit & tie.
> Again in 2009 an ounce of Gold will do the same $950.
>
> Case closed for me !