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| Member |
Some nations are selling all their gold reserves. Experts maintain Canada’s decision to sell off gold reserves was the right one https://westernstandardonline....s-was-the-right-one/ Some nations such as Russia and China have been adding to their gold reserves for many years _________________________ "Sometimes I wonder whether the world is being run by smart people who are putting us on or by imbeciles who really mean it." Mark Twain | ||
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| Member |
you need an IDK button in this one, cause I had not a pick. _________________________________________________ "Once abolish the God, and the Government becomes the God." --- G.K. Chesterton | |||
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| Official forum SIG Pro enthusiast  |
Gold has been valuable to humans for thousands of years. I don’t see that changing any time soon. ~~~~~~~~~~~~~~~~~~~ The price of liberty and even of common humanity is eternal vigilance | |||
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Get Off My Lawn |
Canada doesn't know shit. They're stupid. "I’m not going to read Time Magazine, I’m not going to read Newsweek, I’m not going to read any of these magazines; I mean, because they have too much to lose by printing the truth"- Bob Dylan, 1965 | |||
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| Official forum SIG Pro enthusiast |
Look at the Canadian government and ask yourself is this something any sane person should emulate? ~~~~~~~~~~~~~~~~~~~ The price of liberty and even of common humanity is eternal vigilance | |||
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Optimistic Cynic |
D) A useful industrial metal that has intrinic value in many applications. Regardless of its potential as an investment, there is a certain floor value based on its usefulness in many process applications. From a certain perspective, the value will never be zero. Bitcoin, not so much. | |||
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Member |
Gold has had a longer run than any of those “easily trade commodities” that they’re interested in. Food and ammunition would be easily tradable goods, but I don’t see Canada hoarding .22lr. ———- Do not meddle in the affairs of wizards, for thou art crunchy and taste good with catsup. | |||
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Member |
Don’t take “paper promises” of ownership; take physical control of it yourself. Just remember, if you can’t hold it, you don’t own it. --------------------- LGBFJB "Sometimes I wonder whether the world is being run by smart people who are putting us on, or by imbeciles who really mean it." — Mark Twain “Democracy is the theory that the common people know what they want, and deserve to get it good and hard.” — H. L. Mencken | |||
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| Dances With Tornados |
Good grief, I'm not expert, but I've always believed, and told others, that Gold is not an investment. Gold is a storer of Value. Those 2 things sound like they are the same, but they are not. They are similar, with a very fine distinction. Gold is not the be all end all, you should of course have money in other types of investments. . | |||
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| Member |
I truly suspect in the event of a world wide financial collapse 22 LR may be far more valuable than gold and easier to barter with. The “POLICE" Their job Is To Save Your Ass, Not Kiss It The muzzle end of a .45 pretty much says "go away" in any language - Clint Smith | |||
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delicately calloused |
Can't eat gold. You’re a lying dog-faced pony soldier | |||
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semi-reformed sailor |
But you can eat your neighbor. "Violence, naked force, has settled more issues in history than has any other factor.” Robert A. Heinlein “You may beat me, but you will never win.” sigmonkey-2020 “A single round of buckshot to the torso almost always results in an immediate change of behavior.” Chris Baker | |||
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| Non-Miscreant |
If you saw her, you wouldn't say crap like that! Unhappy ammo seeker | |||
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Member |
I don't think it would be very useful in the event of a total apocalypse type of collapse. I think it has the potential to be very useful in the event of a currency collapse. It's rare so it easily has transferrable agreed value, and its properties will ensure it's useful for industry and decoration for the foreseeable future. "The people hate the lizards and the lizards rule the people." "Odd," said Arthur, "I thought you said it was a democracy." "I did," said Ford, "it is." "So," said Arthur, hoping he wasn't sounding ridiculously obtuse, "why don't the people get rid of the lizards?" "It honestly doesn't occur to them. They've all got the vote, so they all pretty much assume that the government they've voted in more or less approximates the government they want." "You mean they actually vote for the lizards." "Oh yes," said Ford with a shrug, "of course." "But," said Arthur, going for the big one again, "why?" "Because if they didn't vote for a lizard, then the wrong lizard might get in." | |||
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| Low Profile Member |
all in all a pretty ignorant statement | |||
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| Cruising the Highway to Hell  |
Gold, like anything else is only worth what someone will give you for it when you need to trade or sell it. “Government exists to protect us from each other. Where government has gone beyond its limits is in deciding to protect us from ourselves.” ― Ronald Reagan Retired old fart | |||
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I Deal In Lead |
Long pig for dinner? | |||
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| Member |
Gold is worth what two parties agree it’s worth. It’s not magic. If there’s a collapse and you have gold but no food and I have food a loaf of bread costs as much gold as I say it does. You can pay or you can starve. There will be no debate on economic theory. | |||
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| I Deal In Lead |
If there's a collapse, gold will be worth essentially nothing and things like alcohol, booze, cigarettes, ammunition, food, medical supplies will be worth a fortune. All these things are useful to a starving society and gold is not. It just sits there. | |||
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| Muzzle flash aficionado  |
When gold was $32/oz it was a useful basis for paper money (and could be exchanged for it). At $1800/oz it's not so useful. Coins of a useful value would be so small that they'd be easily lost, so gold would not be a good form of money for daily trade. Silver was at that time only about $1/oz and coins with silver in them were practical. Right now, a dime-sized silver coin would be worth about $2.50, but that is getting to the point of not too practical. flashguy Texan by choice, not accident of birth | |||
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