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Thread: 24 Reasons For Gold

  1. #1
    Iridium mamboni's Avatar
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    Red face 24 Reasons For Gold

    24 Reasons For Gold
    10.10.2012


    There are many reasons for Gold. First and foremost: Preservation of Wealth. The illusionary paper wealth will implode in the next few years. The initial trigger will be the collapse of the world’s reserve currency – the US dollar. The financial system is unlikely to survive in its present form. Gold has been money for 5,000 years and will continue to be the only currency with integrity.



    By Egon von Greyerz

    1. Worldwide money printing continues unabated
    2. Just In 10 years $120 trillion have been printed making global debt $200 trillion
    3. World GDP has gone from $32 trillion to $70 trillion 2001-2011
    4. Thus $120 trillion debt is required to produce a $38 trillion annual increase in GDP
    5. The marginal return on printed money is negative in real terms
    6. Thus the world is living on an illusion of paper that people believe is money
    7. This illusionary paper wealth will implode in the next few years
    8. The initial trigger will be the collapse of the world’s reserve currency – the US dollar
    9. The dollar is backed by $120 trillion of US government debt and probably NO gold
    10. All currencies will continue their race to the bottom and lose 100% in real terms against gold
    11. This will create a worldwide hyperinflationary depression
    12. All assets financed by the credit bubble will go down in real terms
    13. This includes stocks, bonds, property and paper money of course
    14. The financial system is unlikely to survive in its present form
    15. The banking system including derivatives has total liabilities of around $1.2 quadrillion
    16. With world GDP of $70 trillion, the world is too small to save a financial system which is 17x greater
    17. This is why there will be unlimited money printing and hyperinflation
    18. The only asset that will maintain its purchasing power is gold Click here for chart
    19. Gold has been money for 5,000 years and will continue to be the only currency with integrity
    20. Western countries’ 23,000 tons of gold is probably gone. See recent article by Eric Sprott.
    21. The consequence is that most of the gold in the banking system is likely to be encumbered
    22. This means that Central Banks one day will claim it back against worthless paper gold IOUs
    23. Thus gold and all other assets within the banking system involve an unacceptable counterparty risk
    24. Gold should be held in physical form and stored outside the banking system



    goldswitzerland.com
    http://www.mmnews.de/index.php/engli...asons-for-gold
    Tricks and treachery are the practice of fools, that don't have brains enough to be honest. -Benjamin Franklin
    Sincerity makes the very least person to be of more value than the most talented hypocrite. -Charles Spurgeon

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    Unobtanium palani's Avatar
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    Re: 24 Reasons For Gold

    Private property is the basis of law.

    Gold is the basis of private property.
    Make me one with everything.
    -- Zen Master to the hot dog vendor

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    Iridium mamboni's Avatar
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    Re: 24 Reasons For Gold

    Quote Originally Posted by palani View Post
    Private property is the basis of law.

    Gold is the basis of private property.
    Finally, something that is clear and comprehensible.
    Tricks and treachery are the practice of fools, that don't have brains enough to be honest. -Benjamin Franklin
    Sincerity makes the very least person to be of more value than the most talented hypocrite. -Charles Spurgeon

  5. #4
    beefsteak
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    Re: 24 Reasons For Gold

    Sorry, but I'll confess I don't accept the statement, "gold" a mineral on the table of elements, is the "basis" of a CONcEPT called "private property."

    Private Property is a concept, alternately extrapolated as 3-D stuff, real estate, virtual (intellectual) property.

    So a "metal, a concrete 3-D thing" is the "basis" of material goods, geographical longs and lats and thoughts?

    That's just plain wierd.

    In the meantime,
    I suspect the stackers will keep stacking,
    the stuff collectors will keep gathering stuff and even official "collectibles"
    and the property barons will keep doing "turf acquisition" activities.


    beefsteak

  6. #5
    Unobtanium palani's Avatar
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    Re: 24 Reasons For Gold

    Quote Originally Posted by beefsteak View Post
    Sorry, but I'll confess I don't accept the statement, "gold" a mineral on the table of elements, is the "basis" of a CONcEPT called "private property."


    beefsteak
    I never suggested that anyone who believes in folding notes could even comprehend the concept. Gold is portable soil. The one who owns it has it in his possession. On the other hand with paper money the possessor is the one who is owned.
    http://books.google.com/books?id=r35...=0CF4Q6AEwBzgK
    http://i48.tinypic.com/ve5b2c.jpg
    Make me one with everything.
    -- Zen Master to the hot dog vendor

  7. #6
    Unobtanium gunDriller's Avatar
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    Re: 24 Reasons For Gold

    with winter coming, blue tarps certainly deserve a mention - to keep the firewood dry.

    and to keep all the crap you have stored outside semi-dry (condensation can still get to it.)


    OK, the tarps don't have to be blue.
    Retired Director Morris Waxler says the FDA did not do their job for 15 years - and is not now.

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    Iridium Jewboo's Avatar
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    Re: 24 Reasons For Gold

    Quote Originally Posted by mamboni View Post

    24 Reasons For Gold
    25th Reason
    I'm the infamous Fred of GIM - Jewboo kindly turned over his account to me.

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    Platinum Son-of-Liberty's Avatar
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    Re: 24 Reasons For Gold

    Quote Originally Posted by palani View Post
    Private property is the basis of law.

    Gold is the basis of private property.
    I thought the basis of private property was the commandment, "Thou shalt not steal"

    but hey what does GOD know......
    You think that the machine is so powerful that you can't fight, when the reality is that you're the battery that powers the machine.

  10. #9
    Unobtanium palani's Avatar
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    Re: 24 Reasons For Gold

    Quote Originally Posted by Son-of-Liberty View Post
    I thought the basis of private property was the commandment, "Thou shalt not steal"
    Do you mean conversion?
    Make me one with everything.
    -- Zen Master to the hot dog vendor

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