GOLD IS A FIAT CURRENCY
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In 2010, aangirfan wrote: GOLD PRICE TO FALL
In 2011, aangirfan wrote: GOLD $700 AN OUNCE
Fiat currencies, such as the dollar or the pound, have a value.
If you are going to invest, be wary of fiat currencies such as gold.
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Fiat currencies, such as the dollar or the pound, have a value.
This value can be zero.
A fiat currency has a value only because a government, or some other authority, says it has a value.
Dollar bills are pretty much intrinsically useless and valueless, unless you want to use them as wallpaper.
A successful factory or a farm has a real value.
They have a value because they produce things which people want to buy.
Gold is more or less a fiat currency.
A fiat currency has a value only because a government, or some other authority, says it has a value.
Dollar bills are pretty much intrinsically useless and valueless, unless you want to use them as wallpaper.
A successful factory or a farm has a real value.
They have a value because they produce things which people want to buy.
Gold is more or less a fiat currency.
Unlike some other metals it has very little intrinsic value.
Like the Dollar, Gold is only 'valuable' so long as people collectively agree that it is valuable.
Gold is a 6000-year bubble - Citi
Gold is a 6000-year bubble - Citi
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Google News is trying to hide the UK child abuse scandal, which could cause a collapse in the Pound.
PRINCESS DIANA AND LEON BRITTAN
JERSEY INQUIRY
SUFFOLK - CENTRE OF CHILD PROSTITUTION
Anonymous writes:
Anyone else noticed that Jihadi John has the same voice as Michael Adebolajo?
Google News is trying to hide the UK child abuse scandal, which could cause a collapse in the Pound.
PRINCESS DIANA AND LEON BRITTAN
JERSEY INQUIRY
SUFFOLK - CENTRE OF CHILD PROSTITUTION
Anonymous writes:
Anyone else noticed that Jihadi John has the same voice as Michael Adebolajo?
Labels: fiat currency, gold
posted by Anon @ 04:00
7 Comments
7 Comments:
I notice Jilted John is left-handed, the pictures of Adebolajo show him holding knife and cleaver in left hand. Might be worth looking at all available photos of Adebolajo to see if any show left or right handedness. Both being left handed would not PROVE anything, but it would lend support to the idea.
freebornman.
"Gold is a fiat currency"
Not quite! Although the supply is not fixed, it cannot be expanded by government fiat.
But as a store of value gold is (a) volatile; (b) yields no income; and (c) in the long-term appreciates only against fiat currencies that are debased through expansion of supply at a rate that exceeds the expansion of the economy.
So in the long run, gold has been a vastly better store of value than the US dollar, but inferior to an investment in productive assets.
Gold, held as the collateral or counter-balance to paper currency, and thus making that paper "legitimate". can at any time be devalued, or manipulated in some way, and has been since "money" was "invented", from coin-clipping to "going off the gold standard". And Hitler brought Germany from ruin to dominance in 5 years without an ounce of gold. Gold is no panacea- debt and central banks will always trump it, both driven by human corruption, just as Glass-Steagall can oh so easily be repealed by Rubin under Clinton and smother humanity in a quadrillion dollars in derivative debt- or so the "elite" hope. Cycles of destruction, inculcated as soon as the hard-bitten but wiser victim generations pass away, leaving unsuspecting chumps to shear again. Human corruption- that's what you got to get rid of. But how? GIMME AN "S", GIMME AN "O", GIMME A "D", GIMME AN "I", GIMME A "U", GIMME AN "M"-well, you get the picture. Billions will die for the pleasure of the worst among us, without it...... guess that's OK for some.....
Hi
I live in Italy and I see your blog often. I want to ask you if the mother of Kate Middleton ( a Goldsmith) is a parent of Annabel Goldsmith (mother of Zac, Ben and Jemima. Thank You.
No, she is not.
Cheers,
- Aangirfan
Ponzi: Treasury Issues $1T in New Debt in 8 Weeks—To Pay Old Debt
The Daily Treasury Statement that was released Wednesday afternoon as Americans were preparing to celebrate Thanksgiving revealed that the U.S. Treasury has been forced to issue $1,040,965,000,000 in new debt since fiscal 2015 started just eight weeks ago in order to raise the money to pay off Treasury securities that were maturing and to cover new deficit spending by the government.
Continues:
http://m.cnsnews.com/mrctv-blog/terence-p-jeffrey/ponzi-treasury-issues-1t-new-debt-8-weeks-pay-old-debt
Gold is "noble"; it is non-reactive. In plainer speech, it doesn't *do* anything.
Gold can have any value assigned to it that 'government' feels like irrespective of its recent history, e.g. price per oz. assigned for purchase on Roosevelt's mandatory citizens' gold buy-in.
More specifically its value can be manipulated e.g. through restricting its availability in a country, thru exporting it: KITSON: 'A Fraudulent Standard' (1917), Chapter 6: 'The Variability of Gold'.
If you want to make money out of gold (or shorting it) then you must trade it. Read this and its successor articles by Mike Stathis:
http://www.avaresearch.com/article.php/291/Fools-Gold-Part-1.html?id=291
Related: House of Commons debate on Money Creation and Society, 20 November 2014 http://youtu.be/k6bLZl697fY Your representatives' absence meant they don't represent YOUR interests.
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