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2011 Off topic thread(basketball,movies,etc whatever)
Yeah, the Road Warrior was pretty funny the way they claimed gasoline was precious and then rode those guzzling vehicles around all over the place just for the hell of it.
The question is: Why are there never any bicycles after the apocalypse?
After the End, when the nukes have dropped or the zombies have taken over, survivors are often left with a limited means to travel to the local Safe Zone Hope Spot. For some reason, they almost always choose to Walk the Earth on foot, rely on …
Gold is an inflation hedge. It's value goes up during recessions when the dollar sinks. Conversely, it decreases in value when economies are strong.
And SPX i bet you if you went up to someone 150 years ago and gave them a green piece of paper they would laugh in your face. Gold will always be valuable and accepted by people. Guarantee that if you were to give someone a bar of gold, most people would take it for labor or a cheap car or something. Id sell my car for a bar of gold.
One can't just find gold as easily as one can print off money.
What I think it comes down to, ultimately, is that gold is not really something people need. It's just like a cash dollar. The paper is worthless . . . it's what you can buy with it that gives it value. So really, it's the goods and services that money or any other form of currency buy that are useful. What the fuck are you really going to do with gold? You could melt it down and make something. Or I think there may be some scientific uses. But beyond that, it's just a hunk of metal.
Honestly, steel seems like, for practical purposes, it would be a lot more valuable.
If you believe the US will cut spending, and the US dollar will increase its value. Gold is not a good investment right now. Does anyone believe that? We seriously have conducted a dangerous experiment here. the amount of debt the US has racked up would destroy a smaller country. But everyone ASSUMES we will be OK. What if the economy does not grow? What if interest rates skyrocket, which would absolutely collapse the US economy.
make no mistake, this is not 1979.
Bottom line, Schiff(Peter) predicted EVERYTHING that has happened. he predicted almost to a T what the Fed would do. he predicted what the politicians would do. but what is REAL scary, is what he predicts for the future.
Gold is something people WILL need though. The economy isnt getting better for a while. Europes in the shitter. So unless you think the economy is going to improve, gold is a good investment.
I think we're talking on different wavelengths. My point is that ultimately people don't need gold . . . just like they don't need a million dollars in 100 dollar bills or any other form of currency. They need the things that currency can buy.
Food, water, clothing, forms of entertainment, methods of communication. These are the things that people need. Not gold.
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