QUOTE(dr2k3 @ Mar 9 2011, 10:13 AM)
so you don't trust US print USD out of thin air but you trust china government print RMB out of thin air?
i don't trust any of the paper money ... 
Buying Gold As Investment V2, 2011 Gold Rush From Oil Hype
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 Mar 9 2011, 04:22 PM
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Mar 9 2011, 04:55 PM
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QUOTE(dr2k3 @ Mar 9 2011, 04:28 PM) please "donate/transfer" all ur paper money/money into my bank account~ ty i have parked my paper $ into earthly products ...  default? not likely....there will bail out here and bail out there like what happen to greece........ LOL ... |
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Mar 9 2011, 05:00 PM
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by the way .. Asia Trader and Investor Conference is coming up soon .. maybe those interested in gold and its trend can go there .. quite a number of talks ...
more details at http://www.theatic.net/ QUOTE(cherroy @ Mar 9 2011, 04:56 PM) I don't think they will let them fail or default just like that. Even AIG also being revived. Too big to fail again?  My view only. Added on March 9, 2011, 4:58 pm Please pay your bill, your hawker foods in gold next time and also doing business transaction in gold term. Can I contact you for business trade?... Joking only. Seriously, you also value gold at USD, aka a paper money form/valuation. Gold value come from paper money... hawkers will prob think i am mad or that i am trying to pull a fast one on them for a plate of char kuay teow ..  if you have nice earthly stuff to buy or to sell .. contact me ..  This post has been edited by alhs76: Mar 9 2011, 10:52 PM |
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Mar 10 2011, 01:31 PM
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QUOTE(aeronic @ Mar 10 2011, 10:45 AM) yes within cherroys's joke there is a point, things including precious metals are valued in currency. actually this used to be the reverse ... fiat currency or paper currency (which is based on trust) used to be pledged against gold. The biggest fear today is the United States defaulting on their debt responsibilities .. which will bring the whole system crashing ... which also explains why there is a upsurge in gold prices. no one can say when this day may come, and there are many arguments for and against this fiat currency collapse ... but one thing's for sure ... central banks are hoarding gold --- their gold reserves is actually increasing not to mentioned the already short supply out there consumed by everyday consumers like us ... there is only so much gold on earth. value rises when there is demand for it, may it be manufacturing, jewellery or investment/speculation but when you trade, you use currency, hence it is valued in currency and the value in monetary terms is only as good as the selling price. ... so GO GOLD!This post has been edited by alhs76: Mar 10 2011, 01:33 PM |
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