Hi everyone,
Watch following official link & think does really US & Europe Need help??
pls. search “gold holding by country” in google as i have less post so don’t have permission to post other link address & see the 1st result look for US, europe, greece, italy, spain in list & think think
If u r in financial problem do u beg from other or will sell ur asset which r in big profit like GOLD & Silver???
well i cant its all depend GOLD and Silver prices:)
I guess for one thing I don’t understand why people by physical gold…i mean if all the world’s economies collapse, are people really going to start paying for food in gold?
Yes.
Oh and it’s not IF the world’s economies collapse, It’s when.
Several points:
The US Federal Reserve is resisting an audit as many suspect it does not have as much gold as it claims
The central bankers of the world are all trying to devalue their currencies faster than each other. This money printing is currently sitting in bank asset columns to offset bad loans that they are trying to quietly write down. If the volume of bad loans were written down in one hit most of the worlds larger banks would be insolvent. When (and its always a when, not an if) the banks then start to loan out this money inflation will run wild.
Most of the western governments are broke - requiring 20%+ of tax revenue just to cover the interest payments on debt.
Most western countries have less future tax payers coming through than they do currently, and they will have to support a greater number of government pensioned retirees and their associated health care.
If everywhere you see there are piles of paper with green scribble on it and you are selling something do you want the piles of paper, or something that has been used as a currency for 10,000+ years?
Look at a chart of gold prices charted against CPI inflation. It doesn’t look near to 1. I’m pretty sure there are instruments better correlated to CPI. What about short term TIPs?
I don’t know the numbers off the top of my head but I would think those would be better inflation hedges.
Also, a quick glance at a chart shows me gold prices since 2000 have been rising almost like a curve approaching infinity… I wouldn’t be comfortable putting a large % of my money in something like that. The potential to reverse in the other direction just sounds way too high.
RockTheTrade, the gold price in USD is not a reflection of the value of gold, it is a reflection of the value of the USD.
The gold price against many other currencies (ie AUD) is much flatter, indication a weakness in the USD more so than insane speculation in gold.
A much higher gold price will come in the next few years, esp if Helicopter Ben embarks on QE3. Make no mistake it will fall, but only to trap those who believe it has peaked, then rise again.
At some point economic sense may prevail around the globe, and then gold will again fall to long term averages against remaining currencies and other staples.
If there is a collapse of world economies, Gold may be the only solid item that will be negotiable, there will be many other items, but Gold and Silver will be the best.
Several months ago I purchased a book by the name of "Survivors:, written by a “prepper” (survivalist) by the name of James Wesley, Rawles.
The story is about groups of people doing what is needed for survival, mostly in the US. How they arm themselves, not only with weapons, but trading goods. The settlements in various parts of the country that afford them food, water, power.
It also speaks to the roving gangs that attack small towns. A very good book.
It sure opened my eyes.