Replies to post #14140 on FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

***SPOT $GOLD HITS $560.00!!!***

+3.50 on the spot, still crusin' going much higher than $560.00!!! $ILVER meanwhile up +.10 to $9.19... another dime and we're looking at a mucho breakout with momentous momo action...

[mmayr]

FA. . .

"Meanwhile the U.S. dollar index sends a false signal as the GLOBE'S PRINTING PRESSES manipulate each other into an eventual tailspin that will turn into HYPERINFLATION as TRADE WITH CHINA COMES TO A HALT DUE TO THE REVALUING OF THE CHINESE YEN!!!>>>"

You've got your currencies mixed up. China's yuan is the fiat under revaluation. The Yen is Japan's currency.

Peace,

[flota]

Ok. FA. You claim that gold is a good form of currency as you put it, as there is no room for dilution. So when a gold company produces gold every day to sell it on the open market there is no dilution right?

Please tell me how much it cost to get 1oz of gold out of the ground, mint it into currency and distribute it on the market and if you think about it, just producing that gold reduces somebody’s purchasing power as someone has to cover the value of producing a coin. So if govt will distribute the money, tax payer will have to cover.