trillion dollar coin

[hemet dennis]

Good luck with your belief that paper is equal to gold.


You do know that with any amount of money in the bank, assuming you are making 7% intrust an nothing drastic changes, with that money a year from now you will be able to buy 3% less product/food than you can today.


There is a reason that most wealthy people have lots of "stuff" an very little cash in banks. Cash is fine as a barter tool but holds no value. Things on the other hand hold value, especially things that don't degrade.

Well I didn't say that I believe paper and gold is equal. But what do you think most people buy gold with ?

Your assuming that inflation will be 10% over the next year. So if you invest the same money in to something that paying 13% return then you would be able to buy 3% more product/food than you can today.

Rich people have lots of stuff because they have paper to buy the stuff. When I only have a bag of carrots and the rich guy only has a bag of gold who will be full at dinner time.

 

[Seyanophis]

I stopped reading after you said antichrist. This post is obviously not worth anyones time.

 

[rebelcowboysnb]

Every thing I have seen short of the federal opinion puts inflation at around 10% for the last several years. But you proved my point. You have to get the money out of your hands an invest in something to even break even every year.

Even the government that claims 3% inflation which at the least mean you lose $.03 for ever $1 you own every year.

Yes, in the US gold can only be prices is US$ by federal law. Using gold or any other currency as money is banned. The rest of the world it is traded for everything.

You have fun with cash though. This thread has became pretty pointless.

Bye

 

[hemet dennis]

I stopped reading after you said antichrist. This post is obviously not worth anyones time.

Please keep any religion out of this thread. We would like to keep it open for discussion.

Thank you

 

[Seyanophis]

Please keep any religion out of this thread. We would like to keep it open for discussion.

Thank you

Tell that to the OP.

 

[hemet dennis]

Every thing I have seen short of the federal opinion puts inflation at around 10% for the last several years. But you proved my point. You have to get the money out of your hands an invest in something to even break even every year.

Even the government that claims 3% inflation which at the least mean you lose $.03 for ever $1 you own every year.

Yes, in the US gold can only be prices is US$ by federal law. Using gold or any other currency as money is banned. The rest of the world it is traded for everything.

You have fun with cash though. This thread is pretty pointless.

Bye

Money in your hands is useless, same as a gold ring on your finger or the diamond ring on the wife finger. Money is to invest. You can invest in chickens or cows or anything.

You can buy gold or anything with anything. You can trade chickens for gold or corn for gold. It's not banned. All you have to do is find someone that has what you want and wants (or is willing to take) what you have.

Inflation maybe that high where you're at, but I personally haven't seen it here. Yes some prices go up and some prices go down. This year corn prices are up but next year they may go down it depends on the weather. The last few years the prices of houses has dropped a bunch. Did you count that in the inflation rate for your area ? Most people that talk about inflation never want to talk about when something goes down in price. We had some freezing weather here this month so the local price of oranges may go up this year. But if we don't get freezing next year the price will go down.

 

[hemet dennis]

Quote:

from Hemet.

We just try to ignore some parts of what some people say. So what do you think of the gold standard.

 

[Seyanophis]

from Hemet.

We just try to ignore some parts of what some people say. So what do you think of the gold standard.

I think it's not good. From what I have heard there really isn't anything to back up our money. It is only worth what we say it is worth.

 

[oldrooster]

People say it's money without any backing. Well it was backed by gold at one time, and that was better. But what no one can says is what backs gold ?

It has been a stable form of trade able currency since the earliest part of the world's history. Using the Bible as a historical book (in this argument religion is mute because scientist and historians have proving the Bible as a true historical document, because several have tried to disprove it, the religions based on it cannot be proved or disproved by science) it has stated it's importance at least as early as the formation of the arc of the covenant that is in the old testament, because it lists it as being used in it's construction. Gold has always had value at least from that time forward, the value may increase or decrease at any time but it has never been worthless unless there is an absence of something like all the gold in the word may not do you any good if you want to buy, like there is not enough gold to see Elvis Presley perform in concert because it's about 35 years too late for him to sing anything......

 

[hemet dennis]

Quote:
Gold is only worth what people say it's worth also.