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-   -   Why gold is money. (http://goldismoney.info/forums/showthread.php?t=163442)

Mujahideen 08-06-2007 10:34 AM

Why gold is money.
 
This is a very simple way to see how the government robed you...

Take a hand full of change... quarters, dimes, half dollars, whatever...

http://www1.istockphoto.com/file_thu...th_1_penny.jpg

and compare it to this...

http://www.rmcoin.com/images/90%25SilverCoins.jpg

They make look very similar... But the bottom coins, made up of 90% silver, dont lose value because the value of the coins is in the precious metal (silver) that it is made up of. The top coins are only credit or tokens, like arcade tokens... for the 90% silver money, and they dont hold any true value.

As it is right now,the coins in the bottom picture, 90% silver, are worth about 9X its face value in Federal reserve notes. If the dollar were to collapse today, the coins in the top picture would only be worth its metal content, and that is far less than its face value. And like I said, the bottom coins would be worth its value in metal, far above its face value.

http://z.about.com/d/coins/1/0/4/-/-...eagle-1908.jpg

The $20 coin is worth more than $600 in federal reserve notes... How is this possible it says $20? :confused_ma:

Your government robbed you and replaced your money with worthless tokens or bills that it can creat out of thin air.

http://www.crescentcitycoinclub.org/...20&%20back.jpg

If you own federal reserve notes then you are bound to its system,the federal reserve system can rob you by inflating the money supply and thus make the dollars you hold worth less and less over a period of time.

If the money is made out of gold/silver, and was 100% backed by gold/silver, then it would be impossible for the government to counterfeit money and thus rob you via the process of inflation (counterfeiting).

Gold is Money!

Goldhedge 08-06-2007 10:39 AM

Re: Why gold is money.
 
Quote:

Originally Posted by Mujahideen (Post 686656)

Your government robbed you and replaced your money with worthless tokens or bills that it can creat out of thin air.

"Just send me the bill." i.e., a FRN is a bill outstanding...yet to be paid. A debt.

Gold IS money. It owes allegiance to no one....

Mujahideen 03-04-2010 07:39 AM

Re: Why gold is money.
 
UPDATE!!

Since 2007, the purchasing power of the dollar has went down a bit & the value of that $20 gold coin is $1105.65, not $600 http://www.coinflation.com/gold_coin_values.html

Quote:

1.00 in 2007 had about the same buying power as $1.07 in 2010
http://www.dollartimes.com/calculators/inflation.htm

Gold is better money than fiat controlled by the government.


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