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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Pogeu Mahone who wrote (119505)	10/6/2009 1:41:01 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Gold coins are totally Mad Max. Then, some guy with a Mohawk haircut blows your head off with a sawed-off shotgun and he has some new, shiny coins. <G>

To: Pogeu Mahone who wrote (119505)	10/6/2009 7:41:56 PM
From: benwood	1 Recommendation Read Replies (2) \| Respond to of 132070

You actually asked if they'd take a gold eagle? Methinks you are making that up. If not, I surely wish I'd been there to offer you $100 each. It's better to stick with the dollar, however, because they multiply. When I was a kid, a basic VW was $2000, and now they are $25000. That's growth we can count on! <g>

To: Pogeu Mahone who wrote (119505)	10/8/2009 12:14:27 PM
From: Freedom Fighter	1 Recommendation Read Replies (1) \| Respond to of 132070

Zeus, >>One can not buy anything with them unless you are willing to give it away for its face value 1oz. fine gold-50 Dollars. I have not found one person at a store or restaurant willing to take a gold eagle, even chinese restaurants will not take them. I took tommasso poll but the real world is totally different then SI.<< That's because most people are still stupid enough to have faith in any paper currency managed by a government and central bank. The idea behind gold coins is to have a store of value other than paper money that can't be confiscated via inflation and negative real interest rates because of the backdoor rape and pillage scams conducted by governments, central bankers, and the financial elite. If you have cash now, you are getting killed because government is lying about the inflation rate and you are getting little or no return on the money. We are almost constantly in a negative real rate economy. When enough finally people figure out that the enemy of democracy and freedom is fiat money and the cabal of Washington, the Fed, and Wall St, gold/silver coins will get progressively more attractive and the currency less and less attractive. That will make the coins more liquid and the paper more useful for lining bird cages. It may take decades for the process of the collapse of our currency, but it is basically a 100% certainty because of the massive obligations that have been promised by our government that will eventually come due. So the idea is to live your life and keep as much of your savings in places where you are either getting a positive real return and/or an inflation hedge, but also keep yourself functional with cash. I have WAY more in physical gold and other commodities than I have cash, but I have enough cash to pay bills, cope with the unexpected etc... Most of my money remains in equities that I think can cope with inflation and generate positive returns. Cash is trash. The most dangerous enemy to democracy and freedom is located in Washington and downtown Manhattan, not the middle east. Sound money is the most important thing in the world. It took me 50 years to learn that and I 'm a pretty bright guy about these matters.