Liberal Forum

china, russia and australia would love it. for they produce the most gold.  so usa would beg china, russia and australia for gold. the nation that would benefit the most is austrailia. they produce the most gold per nation population. come to think of it, usa would kill everyone  in australia and steal the gold. today's usa dollar is backed by the size of their military. and north korea's defense is their nuclear bombs. so. looks like nuclear bombs are a better way of backing your currency than gold.

walkingstick » 21 Apr 2023, 12:19 am » wrote: ↑

21 Apr 2023, 12:19 am

china, russia and australia would love it. for they produce the most gold.  so usa would beg china, russia and australia for gold. the nation that would benefit the most is austrailia. they produce the most gold per nation population. come to think of it, usa would kill everyone  in australia and steal the gold. today's usa dollar is backed by the size of their military. and north korea's defense is their nuclear bombs. so. looks like nuclear bombs are a better way of backing your currency than gold.

   

...no money has ever been honestly/fully-backed by gold...it would create an environmental disaster and the same $hit-puppet-ma$ter$ who control us now would still control us... 
 

walkingstick » 21 Apr 2023, 12:19 am » wrote: ↑

21 Apr 2023, 12:19 am

china, russia and australia would love it. for they produce the most gold.  so usa would beg china, russia and australia for gold. the nation that would benefit the most is austrailia. they produce the most gold per nation population. come to think of it, usa would kill everyone  in australia and steal the gold. today's usa dollar is backed by the size of their military. and north korea's defense is their nuclear bombs. so. looks like nuclear bombs are a better way of backing your currency than gold.

That's right.  Because, gold does nothing.  It's a yellow, shiny metal that has limited industrial value.  The things that matter:

• Cash-flowing companies
• Perpetual Innovation to meet the technology-demand the world craves
• Military power
• Nuclear capability

Gold is for weak nations and rich *** who wear it around their necks as they shout rhyming nonsense they call "music".  Thus, one more reason why I continue to refer to Russians as the White *** of Europe.
 
 

There are many problems with the gold standard. If you study American history, you will see that from independence through the Great Depression, there was an economic crisis, a panic, a recession or a depression every seven to ten years.
The price of gold is not stable: when discoveries of gold are mad, the price goes down, when demand for gold rises (such as industrial uses and hoarding of gold in India and China) the price rises. When thus instability occurs, then there is a run on banks.

Of course, the amount of gold exploitable varies across the Earth. Russia covers far more of the planet than any other country, which gives Russia an advantage that the US does not have.

If there is not a certain level of inflation (2-3%), then the economy is too inflexible and an economic crises is provoked.

peepee » 21 Apr 2023, 5:59 am » wrote: ↑

21 Apr 2023, 5:59 am

   

...no money has ever been honestly/fully-backed by gold...it would create an environmental disaster and the same $hit-puppet-ma$ter$ who control us now would still control us...

we have been pretending to back the dollar by imposing the petrodollar 

oops … looks like that party is over too 

Mrkelly » 21 Apr 2023, 9:59 am » wrote: ↑

21 Apr 2023, 9:59 am

we have been pretending to back the dollar by imposing the petrodollar 

oops … looks like that party is over too

No currency is backed by petroleum. Petrodollar just refers to dollars used by OPEC and other oil exporting nations to deal with imports and exports.



There is absolutely NO CHANCE that the US will ever return to a gold standard. Good money drives out cheap money. The Swiss Franc has been the most stable currency, but it causes the cost of living to rise for the Swiss, so they have been forced to devalue it.

Xavier_Onassis » 21 Apr 2023, 10:04 am » wrote: ↑

21 Apr 2023, 10:04 am

No currency is backed by petroleum. Petrodollar just refers to dollars used by OPEC and other oil exporting nations to deal with imports and exports.

There is absolutely NO CHANCE that the US will ever return to a gold standard. Good money drives out cheap money. The Swiss Franc has been the most stable currency, but it causes the cost of living to rise for the Swiss, so they have been forced to devalue it.

That’s why I said “pretending “

we made a deal with Saudi Arabia for them to only sell oil on the markets with US dollars, and most every oil country fell in line

that artificially inflated our dollar, making the money lords feel all warm and fuzzy 

but now that other nations are trading their own currencies for oil .. the “fake” party is about to be over

never said a word about going back to the gold standard 
 
 

walkingstick » 21 Apr 2023, 12:19 am » wrote: ↑

21 Apr 2023, 12:19 am

china, russia and australia would love it. for they produce the most gold.  so usa would beg china, russia and australia for gold. the nation that would benefit the most is austrailia. they produce the most gold per nation population. come to think of it, usa would kill everyone  in australia and steal the gold. today's usa dollar is backed by the size of their military. and north korea's defense is their nuclear bombs. so. looks like nuclear bombs are a better way of backing your currency than gold.

  States are moving to Gold-sliver because it is USA constitutional and it is-was natures money that is not created out of thin air from nothing.
https://www.moneymetals.com/images/prod ... bverse.jpg
 

Xavier_Onassis » 21 Apr 2023, 9:59 am » wrote: ↑

21 Apr 2023, 9:59 am

There are many problems with the gold standard. If you study American history, you will see that from independence through the Great Depression, there was an economic crisis, a panic, a recession or a depression every seven to ten years.
The price of gold is not stable: when discoveries of gold are mad, the price goes down, when demand for gold rises (such as industrial uses and hoarding of gold in India and China) the price rises. When thus instability occurs, then there is a run on banks.

Of course, the amount of gold exploitable varies across the Earth. Russia covers far more of the planet than any other country, which gives Russia an advantage that the US does not have.

If there is not a certain level of inflation (2-3%), then the economy is too inflexible and an economic crises is provoked.

Pretty accurate.
 

Xavier_Onassis » 21 Apr 2023, 10:04 am » wrote: ↑

21 Apr 2023, 10:04 am

No currency is backed by petroleum. Petrodollar just refers to dollars used by OPEC and other oil exporting nations to deal with imports and exports.

There is absolutely NO CHANCE that the US will ever return to a gold standard. Good money drives out cheap money. The Swiss Franc has been the most stable currency, but it causes the cost of living to rise for the Swiss, so they have been forced to devalue it.

Also accurate.
 
 

Mrkelly » 21 Apr 2023, 9:59 am » wrote: ↑

21 Apr 2023, 9:59 am

we have been pretending to back the dollar by imposing the petrodollar 

oops … looks like that party is over too

...dollars/'fern$' are 'backed' by 'artificially-created demand'...i.e. we are all forced to use them and only them to pay taxe$, [esp. 'property taxes'] fee$, in court $ettlements, etc... that, and all 'u.s. government' pays its minion$ with them, writes all its contract$ in them, etc.. for decades now, dollars are the only thing most 'murcans have had to make most/all types of important transaction$...

...you can live very nicely without bitcoin, gold, silver, etc... but without federal reserve notes you are in big bad trouble in a hurry... wordle...

..as to 'the party being over'... i suspect that, like alway$, it will be a good time for some and a  bad time for others...   

Hey, I know what, everyone needs this paper money that we can print up for free and then your person/persons pay us for it or you go down the road with nothing like you were living back in the days before Jesus was born.

Bob » 21 Apr 2023, 10:22 am » wrote: ↑

21 Apr 2023, 10:22 am

  States are moving to Gold-sliver because it is USA constitutional and it is-was natures money that is not created out of thin air from nothing.
https://www.moneymetals.com/images/prod ... bverse.jpg

Mining gold is as artificial a process as manufacturing products, refining petroleum, or growing crops.  I takes energy and expensive equipment to dig gold ore, which is well under 1% gold, and to refine it.
There is no such thing as "nature's money". Economics are a human activity, not a natural one.
 
And no, states are NOT "moving to Gold/silver". What you posted is an ad for someone in Utah who wants to sell you a silly gold product with a hefty markup.  One 20th of an ounce. Multiply the price they are charging and compare it with the spot price for gold, currently $2019 per ounce.

 Online there are always gold bugs, claiming that you should buy their coins, ingots and mining stock.
I have found gold to be a rather poor investment vehicle.
But if you DO invest in it, buy shares in an ETF.
Ticker 5-year return Goldman Sachs Physical Gold ETF AAAU 66.75%
VanEck Merk Gold Trust OUNZ 47.14%
iShares Gold Strategy ETF IAUF 18.68%
iShares Gold Trust Micro IAUM11.46%

Annual increase, divide by 5.

Gold is really not much different than any other currency, except mankind cannot arbitrarily make more of it. But, like Xavier pointed out, we can mine more of it. If I wanted to hold large volumes of cash in a mix of Global currency funds, each with a primary goal of not making money but stabilizing value in the short run.

Mrkelly » 21 Apr 2023, 9:59 am » wrote: ↑

21 Apr 2023, 9:59 am

we have been pretending to back the dollar by imposing the petrodollar 

oops … looks like that party is over too

Saudis applied for BRICs           
 

Bob » 21 Apr 2023, 10:27 am » wrote: ↑

21 Apr 2023, 10:27 am

Hey, I know what, everyone needs this paper money that we can print up for free and then your person/persons pay us for it or you go down the road with nothing like you were living back in the days before Jesus was born.

..the vast majority of money/money transactions 'exists' as some number$ in some computer$... the number$ of the bea$t...
 

Xavier_Onassis » 21 Apr 2023, 10:28 am » wrote: ↑

21 Apr 2023, 10:28 am

Mining gold is as artificial a process as manufacturing products, refining petroleum, or growing crops.  I takes energy and expensive equipment to dig gold ore, which is well under 1% gold, and to refine it.
There is no such thing as "nature's money". Economics are a human activity, not a natural one.

No one just prints up the gold, it takes labor and some luck to get it.

  Trading seems to be a natural human activity and so it was preferable to have a gold-silver trade unit where a third party (such as a king) was not collecting an excessive percentage of your individual free enterprise trade deal, as a sons of liberty group member you should understand some of this stuff.

peepee » 21 Apr 2023, 10:33 am » wrote: ↑

21 Apr 2023, 10:33 am

..the vast majority of money/money transactions 'exists' as some number$ in some computer$... the number$ of the bea$t...

This is true.

Bob » 21 Apr 2023, 10:40 am » wrote: ↑

21 Apr 2023, 10:40 am

No one just prints up the gold, it takes labor and some luck to get it.
 

Xavier acknowledge that.

Trading seems to be a natural human activity and so it was preferable to have a gold-silver trade unit.

At one time it was.  Not so much today.  Gold is heavy, bulky and hard as heck to convert fast enough from shiny metal to 300,000 shares of AAPL.  One Thousand Years ago, our ancestors were primitive and ignorant in some many ways.  Going back to the "good old days" is not always a wise thing to do.

Trade has evolved over time.  Therefore currencies have evolved to keep up with it.  Using gold as a currency again would be like going back to computers made with glass tubes.
BRING BACK THE GOLD STANDARD
AND COMPUTERS LIKE THIS ONE

The Utah Gold things that Bob aka Chongo posted the picture of were not issued by the state of Utah, and are not accepted as legal tender in Utah. The government of Utah has nothing to do with making or marketing these to collectors. hey are probably slightly better than investment than Chevy Impalas and Coca-Cola truck miniatures and such peddled by the Franklin Mint.

What do you call these models made of plastic? "Exquisite replicas made of resin".

There is plenty of gold in sea water, but extracting it costs more than the current value of gold merits.
There are a small number of people in Alaska and Canada that make a pretty good living processing the tailings of mines left behind after mines closed in the first part of the 1900's. It is hard work, and the weather can make it very uncomfortable.