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Re: Gold
[Re: KeithC]
#8340665
02/12/25 11:46 PM
02/12/25 11:46 PM
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Joined: May 2010
Posts: 11,247
MN
Steven 49er
trapper
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trapper
Joined: May 2010
Posts: 11,247
MN
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Think of this as a personal finance situation, you have $100,000 in debt that you pay 4% interest on. You also have $33,333 in Gold sitting in your vault at home not making interest, not really doing anything, just sitting. Do you sell the Gold to pay down the debt or do you just sit on the Gold and continue to pay interest? You logically pay the debt with the gold. Keith Maybe. Could always default on the debt and keep the gold. Not so much to a government entity but gold is a hidden asset.
"Gold is money, everything else is just credit" JP Morgan
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Re: Gold
[Re: Pafoxman]
#8340923
02/13/25 10:25 AM
02/13/25 10:25 AM
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Joined: Feb 2020
Posts: 11,855
Indiana
Providence Farm
trapper
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trapper
Joined: Feb 2020
Posts: 11,855
Indiana
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I don't have an opinion on this but I do have a question... A dollar is worth a dollar because it's an agreed value. Gold is a precious metal but isn't it valuable also because it's agreed that it is? The Bible says in the end times a loaf of bread will buy a bag of gold. So at some point, bread will be more valuable than gold because it is needed more. So I guess my question is why is it necessary to back paper money with gold anymore? Everything is agreed value.. until it isn't. you can't print more gold there is only so much. If your currency is Backed up with a hard assets it has value when it's backed up with it worth something because we say so and can be printed tell it's worth nothing. See a difference? 1oz gold used to be a $20 face value now its 3k in value. guess what is still the same value it just takes 3 k now to buy what $20 used to. The dollars are worth less and that's why holding cash in a low to no interest savings account or tucked away at home and not invested is not smart because it looses value each year. You need your money working making money at least at the rate of inflation. Your bread reasoning is why I think ammo is more valuable than gold.
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Re: Gold
[Re: Trappin Arkansas]
#8340933
02/13/25 10:35 AM
02/13/25 10:35 AM
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Joined: Feb 2011
Posts: 1,507
alberta
spjones
trapper
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trapper
Joined: Feb 2011
Posts: 1,507
alberta
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More gold is being discovered daily,,,,,the supply is increasing
Yesterday morning on Bloomberg they were discussing trumps gold comments
I didn’t catch it all,,,,but what I heard was,,,,
The gold that the US holds is not valued at current prices,,,
If it was valued at current values, the debt picture would be very different
Wish I was able too get a replay on that particular segment but haven’t found it
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Re: Gold
[Re: spjones]
#8340941
02/13/25 10:44 AM
02/13/25 10:44 AM
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Joined: Dec 2006
Posts: 68,142
Minnesota
330-Trapper
trapper
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trapper
Joined: Dec 2006
Posts: 68,142
Minnesota
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More gold is being discovered daily,,,,,the supply is increasing
Yesterday morning on Bloomberg they were discussing trumps gold comments
I didn’t catch it all,,,,but what I heard was,,,,
The gold that the US holds is not valued at current prices,,,
If it was valued at current values, the debt picture would be very different
Wish I was able too get a replay on that particular segment but haven’t found it
They don't want the world to know
NRA and NTA Life Member
www.BackroadsRevised@etsy.com
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Re: Gold
[Re: Providence Farm]
#8340960
02/13/25 10:56 AM
02/13/25 10:56 AM
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Joined: Jun 2018
Posts: 5,315
Beatrice, NE
loosegoose
trapper
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trapper
Joined: Jun 2018
Posts: 5,315
Beatrice, NE
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I don't have an opinion on this but I do have a question... A dollar is worth a dollar because it's an agreed value. Gold is a precious metal but isn't it valuable also because it's agreed that it is? The Bible says in the end times a loaf of bread will buy a bag of gold. So at some point, bread will be more valuable than gold because it is needed more. So I guess my question is why is it necessary to back paper money with gold anymore? Everything is agreed value.. until it isn't. you can't print more gold there is only so much. If your currency is Backed up with a hard assets it has value when it's backed up with it worth something because we say so and can be printed tell it's worth nothing. See a difference? 1oz gold used to be a $20 face value now its 3k in value. guess what is still the same value it just takes 3 k now to buy what $20 used to. The dollars are worth less and that's why holding cash in a low to no interest savings account or tucked away at home and not invested is not smart because it looses value each year. You need your money working making money at least at the rate of inflation. Your bread reasoning is why I think ammo is more valuable than gold. Gold only has value because it's shiny and makes nice jewelry and works well as electrical contacts. It has no inherent value, it's only valuable because we humans like it. A loaf of bread has more inherent value than a shiny rock.
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Re: Gold
[Re: Providence Farm]
#8341014
02/13/25 11:29 AM
02/13/25 11:29 AM
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Joined: Jul 2010
Posts: 229
SE Pennsylvania
Pafoxman
trapper
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trapper
Joined: Jul 2010
Posts: 229
SE Pennsylvania
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I don't have an opinion on this but I do have a question... A dollar is worth a dollar because it's an agreed value. Gold is a precious metal but isn't it valuable also because it's agreed that it is? The Bible says in the end times a loaf of bread will buy a bag of gold. So at some point, bread will be more valuable than gold because it is needed more. So I guess my question is why is it necessary to back paper money with gold anymore? Everything is agreed value.. until it isn't. you can't print more gold there is only so much. If your currency is Backed up with a hard assets it has value when it's backed up with it worth something because we say so and can be printed tell it's worth nothing. See a difference? 1oz gold used to be a $20 face value now its 3k in value. guess what is still the same value it just takes 3 k now to buy what $20 used to. The dollars are worth less and that's why holding cash in a low to no interest savings account or tucked away at home and not invested is not smart because it looses value each year. You need your money working making money at least at the rate of inflation. Your bread reasoning is why I think ammo is more valuable than gold. I get the point... sort of. However, like gold bitcoin can't be printed and has a limited supply. Yet I wouldn't equate the two.
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Re: Gold
[Re: Pafoxman]
#8341182
02/13/25 03:08 PM
02/13/25 03:08 PM
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Joined: Jan 2008
Posts: 9,982
Alaska and Washington State
waggler
trapper
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trapper
Joined: Jan 2008
Posts: 9,982
Alaska and Washington State
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I don't have an opinion on this but I do have a question... A dollar is worth a dollar because it's an agreed value. Gold is a precious metal but isn't it valuable also because it's agreed that it is? The Bible says in the end times a loaf of bread will buy a bag of gold. So at some point, bread will be more valuable than gold because it is needed more. So I guess my question is why is it necessary to back paper money with gold anymore? Everything is agreed value.. until it isn't. No, the Bible doesn't say that. That is a line out of an old Larry Norman song.
"My life is better than your vacation"
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Re: Gold
[Re: Boco]
#8341197
02/13/25 03:26 PM
02/13/25 03:26 PM
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Joined: Dec 2006
Posts: 13,501
NWWA/AZ
Vinke
trapper
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trapper
Joined: Dec 2006
Posts: 13,501
NWWA/AZ
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Gold is one of the rarest elements on the planet.
The earths crust is made up of only .oo5 parts per million. So if removing elements from the ground and redistributing them in other places,,,,, is the globe going to spin out of orbit.? Think about it,,,,,, how could it not?
Ant Man/ Marty 2028
just put your ear to the ground , and follow along
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Re: Gold
[Re: Boco]
#8341200
02/13/25 03:29 PM
02/13/25 03:29 PM
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Joined: Jan 2007
Posts: 21,004
MN
160user
trapper
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trapper
Joined: Jan 2007
Posts: 21,004
MN
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The earths crust is made up of only .oo5 parts per million.
94.6% of all figures are made up.
I have nothing clever to put here.
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Re: Gold
[Re: wetdog]
#8341201
02/13/25 03:29 PM
02/13/25 03:29 PM
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Joined: Dec 2006
Posts: 13,501
NWWA/AZ
Vinke
trapper
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trapper
Joined: Dec 2006
Posts: 13,501
NWWA/AZ
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When the SHTF gold is worthless, try trading gold for a hind quarter of deer meat and you'll get laughed at
I'd trade a whole deer for a box of 22 ammo though
Gold won't be able to feed you or keep you warm or safe when the grind goes down Won’t be any dear left to trade at end times…. Love Vinke
Ant Man/ Marty 2028
just put your ear to the ground , and follow along
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Re: Gold
[Re: 160user]
#8341203
02/13/25 03:30 PM
02/13/25 03:30 PM
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Joined: Mar 2007
Posts: 35,909
McGrath, AK
white17
"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
Joined: Mar 2007
Posts: 35,909
McGrath, AK
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The earths crust is made up of only .oo5 parts per million.
94.6% of all figures are made up. The more precise the number........the bigger the lie.
Mean As Nails
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Re: Gold
[Re: Trappin Arkansas]
#8341210
02/13/25 03:40 PM
02/13/25 03:40 PM
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Joined: Feb 2011
Posts: 1,507
alberta
spjones
trapper
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trapper
Joined: Feb 2011
Posts: 1,507
alberta
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My post was in response to “ you can't print more gold there is only so much”
Fact: New gold is minted daily,,,,
Fact: New discoveries are common,,,,
Carry on,,,
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