Media Lunacy: Gold Is Backed By Nothing, Unlike the US Dollar Which Is Backed by the American Government

Gold Is Backed By Nothing, Unlike the US Dollar Which Is Backed by the American Government

[link to www.youtube.com]



wow,

This is freaky!!!!!!!!!!!!!!!!!!!!!!!!!!!

sorry bout all the shouty marks.... But it is....FREAKY!



Last Edited by Astrochik on 09/30/2011 05:36 PM

There’s something else happening here. Some investors are not confident with what gold is backed by, or if it’s backed by anything at all, as compared to something like the US dollar. Investors are comfortable that the U.S. dollar is backed by the America government, so no matter what is happening to the American economy, something like the U.S. dollar is backed by the Federal Reserve that’s going to be around a year from now. That’s a much more comfortable investment for them.

[link to www.shtfplan.com]

Yep.

Yea i saw that earlier.. she's whako.

yes...

My question for her:


"stupid much?"

"The American Government's military machine who threatens the entire world with mutually assured destruction if they do not bow to our will."

yes, keep your silly gold....

It's a BUBBLE!!

...and theyt would be correct. Gold is simply a reflection of the mainstream currency known as the dollar and is dollar denominated. Take away the dollar, and then try valuing the PM. By what standard do you place on it? 1 ounce is worth 10 snickers bars? It simply is not backed by a uniform denomination because it is not used as money in 99% of the world and people have no clue to value it, if nothing else existed juxtaposed to the PM.

What don't you get it? There's only one of two likely scenarios.

1) America is around for a while to always back the dollar.

OR

2) Some great world calamity occurs where the US goes kablooey, but with its nuclear arsenal it will take down the whole world with it, destroying the world, and making the dollar, or any money, completely useless


If the value of the dollar utterly collapses, this implies the US utterly collapsed, which implies the world collapsed.

There is cold severe simple correct logic to it. Think a little.

Last Edited by CaptainSensible on 09/30/2011 06:01 PM

gold needs not to be baacked by any thing look when you need to descripe avalue of any thing youll simply say golden.

An ounce of gold should buy a good suit.
An ounce of gold should buy a ton of coal, etc
Its called intrinsic value backed by physical commodity.
There is a standard.
It is very unpopular because it cannot be manipulated by anyone or anything.
In a sense you are correct. To place an intrisic value on PM in todays society with countless physical commodities, where does one begin to establish a standard??

No, there is no standard. Its an assumed standard based on the dollar. Take the dollar out, and its all about what can be negotiated...

Wow, ud think she would do another interview just considering all the backlash shes getting. But of course someone this dumb wouldnt even check online.

This is the peak of stupidity.

There is No Way CTV is this blind. This is it folks, PROPAGANDA IN YOUR FACE!

Bump all these videos up!

This is one of the reasons I am finding it difficult to support Ron Paul. If he puts us on the "gold standard" we are essentially just as screw'd because it's the rich elite who have the lions share of the gold wealth and he knows it.

Of course. A barter system. A loose standard, but a standard non the less.
And almost impossible to implement given todays plethora of products.
Perhaps the point to identify is a fiat currency should be backed by a gold standard. The value of gold should be supported by a select few commodites.
That indeed used to be the case.
However, since the world now operates on a debt backed fiat currency, supported by the labour of a countries population,
which then in turn determines the value of PM, then upon that ascertation to take away the dollar as it is currently structured would destroy the value of gold- based on the current structure anyway. Nevertheless, PM would still have value. However it would have value under a different valueing system.

An ounce of Gold or Silver Eagle in USA can buy you nothing.... Not accepted in any Food store, the only store that will accept it is pawn shop and they will give pennies for it, a jewelry store will give you pennies for it also... Damn all my gold and silver = worthless....

Its dollar hot potato time !

silver is the people's money.

The "elite" hoarding all the gold...

They will use it to buy our souls...

Unless we go get it...

Perhaps the Annunaki will beat us to it?

so many conspiracies, so little time!!!

That's the whole goal of promoting the gold standard. It would make almost everyone poor. Then they can blame the Paul tards.

They aren't just going to hand out free gold backed currency.

SHEARED BY THE SHORTS: HOW SPECULATORS FLEECE INVESTORS

[link to www.webofdebt.com]

“Unrestrained financial exploitations have been one of the great causes of our present tragic condition.”

-- President Franklin D. Roosevelt, 1933

Why did gold and silver stocks just get hammered, at a time when commodities are considered a safe haven against widespread global uncertainty? The answer, according to Bill Murphy’s newsletter LeMetropoleCafe.com, is that the sector has been the target of massive short selling. For some popular precious metal stocks, close to half the trades have been “phantom” sales by short sellers who did not actually own the stock.

A bear raid is the practice of targeting a stock or other asset for take-down, either for quick profits or for corporate takeover. Today the target is commodities, but tomorrow it could be something else. When Lehman Brothers went bankrupt in September 2008, some analysts thought the investment firm’s condition was no worse than its competitors’. What brought it down was not undercapitalization but a massive bear raid on 9-11 of that year, when its stock price dropped by 41% in a single day.

The stock market has been plagued by these speculative attacks ever since the four-year industry-wide bear raid called the Great Depression, when the Dow Jones Industrial Average was reduced to 10 percent of its former value. Whenever the market decline slowed, speculators would step in to sell millions of dollars worth of stock they did not own but had ostensibly borrowed just for purposes of sale, using the device known as the short sale. When done on a large enough scale, short selling can force prices down, allowing assets to be picked up very cheaply.

Another Great Depression is the short seller’s dream, as a trader recently admitted on a BBC interview. His candor was unusual, but his attitude is characteristic of a business that is all about making money, regardless of the damage done to real companies contributing real goods and services to the economy.

How the Game Is Played

Here is how the short selling scheme works: stock prices are set by traders called “market makers,” whose job is to match buyers with sellers. Short sellers willing to sell at the market price are matched with the highest buy orders first, but if sales volume is large, they wind up matched with the bargain-basement bidders, bringing the overall price down. ...

not true, and less true in the future