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Replies to #38854 on FOREX TRADERS
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Ataglance2

06/08/10 10:47 AM

#38857 RE: Nettles #38854

for one gold could never again be currency except in very controlled situations....Reason being is there is not enough of it to sustain the US economy;s GDP of 14 trillion dollars...Do you know fort knox only has 300 billion in gold reserves? so how would it be possible?
about those gold chain infomercials..that puts questions in my mind too,but either way they are robbing the people who use them....they are nothing more than a pawn shop taking advantage of the situation..no matter if gold does crash to 600 an ounce they will still make out because the are only melting the junk and not the prizes that go into there inboxes,like old gold watches and jewlery ect..thats worth much more than the weighted value of the gold.
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ElderWolf

06/10/10 2:59 AM

#38862 RE: Nettles #38854

I agree. Currency collapse IS inflation...and it's inevitable...and I mean absolutely inevitable that the dollar will totally collapse.

Have any of you read about Argentina and the social conditions when they collapsed? Better get a gun and some food storage.

http://ferfal.blogspot.com/2008/10/thoughts-on-urban-survival-2005.html