Re: Regulation of Gold price
[Re: waggler]
#7368995
10/01/21 02:30 PM
10/01/21 02:30 PM
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Joined: May 2010
Posts: 10,485 MN
Steven 49er
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I suppose they could ban the ownership of gold again. They could I suppose and just like my guns my answer will be come and take it. On a secondary note they only banned the ownership of bullion. Numismatic coins, jewelry, and other things like industrial uses were fine. Melt it down and make a necklace. If silver is your thing buy sterling silver sets
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Regulation of Gold price
[Re: Steven 49er]
#7369157
10/01/21 06:57 PM
10/01/21 06:57 PM
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Joined: Aug 2011
Posts: 45,519 james bay frontierOnt.
Boco
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james bay frontierOnt.
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[quote=waggler]I suppose they could ban the ownership of gold again. They could I suppose and just like my guns my answer will be come and take it. Dont say that too loud or big Joe will turn you into a grease spot in the charred ruins of your house.
Forget that fear of gravity-get a little savagery in your life.
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Re: Regulation of Gold price
[Re: martentrapper]
#7369178
10/01/21 07:44 PM
10/01/21 07:44 PM
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Joined: Jan 2014
Posts: 21,074 North East Kansas
Marty
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If the feds have that much gold.....maybe it is not all there?
E 'Honey Badger Militia' Sleep, the anti woke adote.
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Re: Regulation of Gold price
[Re: Oleo Acres]
#7369184
10/01/21 07:50 PM
10/01/21 07:50 PM
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Joined: May 2010
Posts: 10,485 MN
Steven 49er
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So if they carry it at $42 an ounce,and spot is around $1760,what would happen if they sold all 261,000,000 ounces they have? Value would drop to nothing. That's on around a half trillion at 1760,and 11 billion at 42$. Do you think they actually still have a quarter million ounces?
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Regulation of Gold price
[Re: Steven 49er]
#7369213
10/01/21 08:34 PM
10/01/21 08:34 PM
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Joined: Dec 2006
Posts: 17,656 Rodney,Ohio
SNIPERBBB
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Rodney,Ohio
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So if they carry it at $42 an ounce,and spot is around $1760,what would happen if they sold all 261,000,000 ounces they have? Value would drop to nothing. That's on around a half trillion at 1760,and 11 billion at 42$. Do you think they actually still have a quarter million ounces? Germany had a heck of a time getting its gold from the US. Been speculation over the years that Fort Knox is empty.
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Re: Regulation of Gold price
[Re: Oleo Acres]
#7369255
10/01/21 09:41 PM
10/01/21 09:41 PM
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Joined: Nov 2010
Posts: 1,033 PA
PSB1011
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So if they carry it at $42 an ounce,and spot is around $1760,what would happen if they sold all 261,000,000 ounces they have? Value would drop to nothing. That's on around a half trillion at 1760,and 11 billion at 42$. I would like to be in front of the line to buy at that price.
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Re: Regulation of Gold price
[Re: Oleo Acres]
#7369283
10/01/21 10:22 PM
10/01/21 10:22 PM
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Joined: May 2010
Posts: 10,485 MN
Steven 49er
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not a quarter million,,,,,261 million,according to google,that's how much the US treasury holds Really, are you going to split hairs on me? In don't believe they have that much physical on hand. Maybe a piece of paper saying they leased it.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Regulation of Gold price
[Re: martentrapper]
#7369348
10/02/21 12:03 AM
10/02/21 12:03 AM
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Joined: May 2010
Posts: 10,485 MN
Steven 49er
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Maybe not yours, but someone else would trade.
There always has to be a means of exchange.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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