Gold and Silver Are Sounding The Alarm
inflation.us Helping Americans Prepare for Hyperinflation. Sign Up Today for our Free Newsletter. How Gold and Silver are Warning US Gold is Sounding an Alarm Few in the Mainstream Media Want to Discuss The questions is - Why are Gold and Silver Price Alarms going off? First, Western World budget deficits are now totally uncontrolled. Debt is esentially destroying the Western World Second, The Obama administration has saddled us with enough debt at the federal level to last three generations all in the name of "stimulus". Third, The US Federal Reserve is Insolvent and Bankrupt They have flooded the system with liquidity through Quantitative Easing They have loaded their balance sheet with worthless loan paper and reduced interest rates to 0% for over 20 months And What have been the results? Paralyzed job growth., record unemployment, record food stamps, and record poverty levels. Gold and Silver are sounding the Alarm, but Food and Energy price increases will soon follow. The face of Inflation has recently reared its ugly head in commodity prices. The Commodity sector is driving food prices to levels not seen since 2008. (Graph of Commodities prices) When higher commodity prices translate into 0 grocery bills, recession weary americans may go into economic shock. Energy Prices have stayed in check, but this may be the calm before the oil price storm. When oil and energy prices rise rapidly, home heating bills, home cooling bills and gasoline prices will join the long ...
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The price of gold is not going up. Your dollar is shrinking! As the dollar gets weaker, the price goes up. One drawback, if you’re holding gold when the economy collapse’s, …..you got screwed! There will be no jobs, and no one will have any money. Who will buy your gold? How much will you get for it? Too much money, the dollar gets weaker. No money, the dollar gets stronger. Think about it. All prices will drop or they will sell nothing. That includes gold!
@TheHolySpirit Bullshit!!!!
@sanpedrohustler Keep in mind, the value of gold was in sinc with the gold in Fort Knox. Our money was on the “Gold Standard”, which mean’t the government could not make more debt than the gold we owned. They couldn’t just print paper. Not anymore. 1913-The Federal Reserve Bank is privately owned and they have nothing to back up the paper they’re printing. Gold is ok if you can get rid of it before the economic collapse. If you’re holding gold when it collapse’s, you’re screwed!!!!!!!!!
@buddybleau HOWDY BUDDY, HERE’S SOME MORE IRONY TO ADD. THE MORE GOLD THAT GET’S BOUGHT, THE MORE THE DOLLAR DROPS IN VALUE, SO TO ALL THOSE WHO ARE BUYING UP GOLD, YOU’RE HELPING TO COLLAPSE THE DOLLAR. WHEN WE WAKE UP SOME MORNING IN THE ALL TOO SOON FUTURE & THE NEWS GUY SAYS THE MONETARY SYSTEM IS NO MORE, THE ONLY METALS I’M GOING TO BE GLAD I BOUGHT ARE “BRASS & LEAD”. AND WHEN FOLKS SHOW UP OFFERING THEIR GOLD FOR MY FOOD, I’LL TELL THEM “SORRY, NO BILLS LARGER THAN $20 ACCEPTED”
HAHAHA
@buddybleau We’ll see, eh?
I find it quite amusing that you dismiss someone who has studied “Monetary history, economic cycles and the global economic system” going back thousands of years and you just say “Bullshit!!!”.
Care to tell us what the gold and silver prices will be this time next year? Up or down. What’dya reckon? Go on, take a punt.
@MrMohammedr9 Islam should be a personal choice and not tied into any kind of political or economic policy. You should remember that the Christian faith also prohibits Usury. “In theory, Islamic banking is an example of full-reserve banking, with banks achieving a 100% reserve ratio. However, in practice, this is not the case, and no examples of 100 per cent reserve banking are observed”. Bankers are Bankers the world over. Only Gold and Silver are money regardless of your religious beliefs.
@TheHolySpirit Down. Way down. Don’t believe everything these so called professional’s tell you.
@sanpedrohustler I understand. LMAO!
@TheHolySpirit Gold is not money. Only money is money. What will you sell your gold for if not money? Are you in the fertilizer business?
Actually gold/silver is money. Paper was intended to be an easily portable, redeemable representation of physical gold or silver. Precious metals can be converted to any paper currency in the world which allows you to protect your wealth. The worlds experiment in unbacked currency is less than 40 years old and how’s it working out? Not very well it seems. All fiat currency in the history of the world has failed and the Dollar, Yuan, Euro etc ad nauseum will be no different.
Sandro, Purchasing gold has no bearing on the value of the currency used to purchase it. Ergo, it does not devalue the dollar as buying gold does nothing to increase the dollar supply. Increasing the number of dollars through uncontrolled printing is what destroys it’s value. In the event of US monetary collapse you simply hold your metal until the next “money” comes along (and it always does) and convert to that currency. Your total wealth remains largely intact.
@MrBOBCAT1919 You should learn American history before you dribble such liberal ideas. I’m sure you would also tell us that white Christians took Africans into slavery, without any mention of the African slave trade to the middle east. ill informed people like you who don’t know jack squat about history is why America is going down the tube. We are doomed to repeat history due to stupidity.
@buddybleau So, what’s the reasoning behind that “Way down” statement? I try to listen to anyone who has serious advice.
@TheHolySpirit When the economy collapse’s prices will come down and your dollar will have gained in value. Why? Because without jobs, no one has any money. I’ve seen it before. Example: Today a cup of coffee goes for about $1.50. If no one has any money can they still sell coffee for that price? Of course not. Same with gold. $1300 an ounce. No way will it bring that kind of money. You would probably have to wait 15yrs. or so. But if you had $300 it will then be worth about $600 to $800.
complete bs. a vast and tragic over-simplification
Buddy, You assume a deflationary collapse. In a deflationary collapse or a shortage of money (great depression) gold prices will fall, in an inflationary collapse (weimar republic) gold prices will skyrocket. Either way, it’s overall value remains the same. The dollar today is comparable to the German mark in the 1920′s, only the inflationary timeframe is different. It’s slower in the US because we can export inflation by selling debt to foreign countries. That is rapidly coming to an end.
Look at the big picture, the US is 14trillion in debt and we would have to cut the Federal government by 40% just to balance year to year budgets. The fed has two options, massive cuts coupled with massive tax hikes or inflate the currency and pay the debt off with cheap dollars. The easy political choice is to inflate and Bernanke has made it abundantly clear that he is willing to do so. Gold is a hedge against this, hence rising gold prices. It’s a way of preserving wealth, not buying joe.
@buddybleau You only call those bits of paper money because it is probably the only money you have known. You grew up with everyone referring to it as money, so it’s money to you.
But that money is just a bit of paper with a fancy image printed on it, it has no intrinsic value. It only has value because the gov says so, and that value can be taken away just as easily.
For thousands of years precious metals were the most successful form of money, only in the last few decades has that changed.
My brother and I sold our business. We have purchased reasonable amounts of gold, and have 100k, each left. I put mine in a short term CD as a place to park cash for emergencies. He paid all cash for a bargain cabin in the mountains. Which approach is better?
@AnnoyedDragon Son, I’m 70yrs. old. I know the difference between money and fiat.
@buddybleau And yet you can look at that buying power chart with a straight face; and call it money?
“If” you are 70 years old, you have witnessed a drastic reduction in the buying power of the dollar with your own eyes.
1940 to 2009, it would take $15.30 in 2009 to match ONE 1940 dollar.
@AnnoyedDragon You’re absolutely right. You get no argument from me.
@buddybleau Are you talking about fiat currency? Currency is not money. Money can be a form of currency though. Fiat currency is paper and coins backed by absolutely nothing and it ALWAYS eventually becomes worthless. The inherent properties of gold and silver give them value because they are useful and precious because of their scarcity, which is why traditionally they have been the only real consistent form of money for thousands of years. That isn’t going to change any time soon.
its not that gold is rising in price- the FRN is just becoming more and more worthless every second
Gold is sounding an alarm; when the price breaks $1,300, the next level will be $1,400.