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Old 05-25-2012, 03:27   #151
Atlas
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Quote:
Originally Posted by Glotin View Post
Not according to the other guy who keeps claiming that only 2% of Americans are buying gold...

There are quite a few human beings on earth other than the general population of the U.S.

..
And do you assume that only the holdings of private individuals of average means (the world average or the average in the U.S., either one) matter to the market?

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When have I said "all time historical high" in this thread?
Not your exact words, sorry if you feel I was deliberately misquoting you but...

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all I have to do is look at an inflation adjusted historical chart of gold prices.


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It is not productive and has little use.
http://geology.com/minerals/gold/uses-of-gold.shtml
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Last edited by Atlas; 05-25-2012 at 03:47..
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Old 05-26-2012, 12:29   #152
Glocksanity
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Sure. But like Devil Dog said, while the dollar will someday be replaced by something, there is no viable replacement currently available.
Okay, not to belabor the point, but you are totally missing the point. Not using the US Dollar is real easy.

From the AP: "Japan and China are expected to start direct trading of their currencies as early as June as part of efforts to boost bilateral trade and investment, according to reports.

With the planned step, exchange rates between the yen and the yuan will be determined by their transactions, departing from the current "cross rate" system that involves the dollar in setting yen-yuan rates, Kyodo News said on Saturday.

The two governments are eyeing setting up markets in Tokyo and Shanghai, the Yomiuri Shimbun said."


You see, there does not need to be a new fiat reserve currency to replace the US Dollar. Countries can go bi-lateral, bypassing the US Dollar altogether. They can also us gold as well. This is going to be an economic disaster for the US...and soon.


Get gold and hold on for dear life. It is your life boat. US Dollar denominated financial assets are in a bubble that is getting ready to burst. Ha ha ha for those that stick with them. You have been warned.
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Last edited by Glocksanity; 05-26-2012 at 12:30..
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Old 05-27-2012, 08:15   #153
Peace Warrior
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I would too. Melt value on four Mercury dimes is over $8.
Zactly, and people say precious metals don't hold value.
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Old 05-29-2012, 12:54   #154
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Germany is now saying they will provide cash to the broke PIIGS for....wait for it.... it's coming....almost there......GOLD! Ha ha ha. The world is moving to a new gold standard as fiat collapses. And when gold gets repriced...it's going to be a doozy!

http://www.zerohedge.com/news/german...iigs-cash-gold
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Old 05-29-2012, 15:26   #155
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Silver and gold down today. Buy! Buy! Buy!

Last edited by cowboy1964; 05-29-2012 at 15:33..
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Old 06-01-2012, 07:45   #156
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Gold back to $1600 already today on the bad economic data.

Seriously people, it ain't going back to $700 ever again. And gas isn't going back to $1.80.
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