So that's it for the election.

[Alarti0001]

Originally Posted by hatelore bloodlust [You must be logged in to view images. Log in or Register.]

Furthermore, precious metals are vital in the production of all of our high tech technologies and gadgets. There is a reason that China is trying to buy up all of the gold and precious metals on the world market. And it is not to make fancy jewelry.

Gold won't be precious for very long. We have developed much better conductors in recent years that will be put into production, likely within 2-3 years.

[hatelore bloodlust]

Originally Posted by Alarti0001 [You must be logged in to view images. Log in or Register.]

Gold won't be precious for very long. We have developed much better conductors in recent years that will be put into production, likely within 2-3 years.

Man I agree, you sure do have your head on straight! A metal selling for almost 2k an ounce Is far from precious! You got me there gas passer. And any numbnut knows about nano technology. You are talking about reinventing the wheel. That technology you speak of won't be available in our high tech technology for years to come.

[Humerox]

Toilet Paper Money (Fiat Currency)

Why China Is Buying Gold

This group (State Administration of Foreign Exchange) is engaged in a full-fledged currency war with the United States. The ultimate goal – as the Chinese have publicly stated – is to create a new dominant world currency and dislodge the US Dollar from its current reserve role.

I'm not going to go into what's going to happen if the US dollar is displaced as the world's reserve currency...but let's just say not good.

[hatelore bloodlust]

Originally Posted by Humerox [You must be logged in to view images. Log in or Register.]

Toilet Paper Money (Fiat Currency)

Why China Is Buying Gold

This group (State Administration of Foreign Exchange) is engaged in a full-fledged currency war with the United States. The ultimate goal – as the Chinese have publicly stated – is to create a new dominant world currency and dislodge the US Dollar from its current reserve role.

I'm not going to go into what's going to happen if the US dollar is displaced as the world's reserve currency...but let's just say not good.

and these good people are stating the facts for me. Go read up on those links. You may learn something today!

[Lucky]

Originally Posted by Hitchens [You must be logged in to view images. Log in or Register.]

Gold's main importance as a currency was the difficulty in counterfeiting it.

Gold's main purpose now is as a manufacturing material.

This fascination with gold is nothing more than economic crankery. Hayek didn't take it seriously and neither did Friedman.

Gold is a valid currency as it is a finite resource with intrinsic value in manufacturing (now of electronics) and {misogynistic joke here}. Paper with pictures of dead old men on it is taken even less seriously.

[Lucky]

Fox news is the only station even remotely critical of the ongoing circus.

[Lucky]

There's a reason an oz. gold went up $1500 in the past 10 years. Because every fiat currency has destroyed itself, you are witnessing the effects of hyperinflation.

[Alarti0001]

Originally Posted by Lucky [You must be logged in to view images. Log in or Register.]

There's a reason an oz. gold went up $1500 in the past 10 years. Because every fiat currency has destroyed itself, you are witnessing the effects of hyperinflation.

All the world market would have to do is decide new values for their currency. Not a difficult concept.

[hatelore bloodlust]

Originally Posted by Alarti0001 [You must be logged in to view images. Log in or Register.]

All the world market would have to do is decide new values for their currency. Not a difficult concept.

lol alarti you are funny! And so right! Lets just decide that the dollar is worth more then what it is and it will have to be that way! Infact, to hell with the fungi tunic being only worth 45k , lets male it worth 500k. Your sense of arguing is stupid at best.

[hatelore bloodlust]

You really need to re-read what you type alarti. You are making yourself look stupid , for someone that has been to 57 countries lol. Which I also highly doubt.