Comments on: Sell the Gold Reserves http://socyberty.com/economics/sell-the-gold-reserves/ Sun, 19 Feb 2012 12:39:42 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Daniel S http://socyberty.com/economics/sell-the-gold-reserves/comment-page-1/#comment-213413 Daniel S Wed, 23 Dec 2009 06:58:01 +0000 http://socyberty.com/economics/sell-the-gold-reserves/#comment-213413 Because the writer of the article is a communist. If the US got rid of all of it's gold, then the wealth and the dollar value is a complete fasade. As if it already isn't. We shouldn't get rid of the gold, we should get rid of the Fed. Because the writer of the article is a communist.

If the US got rid of all of it’s gold, then the wealth and the dollar value is a complete fasade.

As if it already isn’t.

We shouldn’t get rid of the gold, we should get rid of the Fed.

]]> By: picomanning http://socyberty.com/economics/sell-the-gold-reserves/comment-page-1/#comment-28823 picomanning Sun, 17 May 2009 06:55:07 +0000 http://socyberty.com/economics/sell-the-gold-reserves/#comment-28823 Forget about gold. <br /> Ammunition has the best characteristics a medium of exchange as the value of our fiat currency is threatened. It has inherent metalic value. It is quite portable. It has the obvious additional attributes for self defense and food procurement. It provides a sense of security paper money cannot. Best of all, it cannot be devalued by government decree. It's value spent in persuit of survival in the worst of times. It has a very long shelf life. Forget about gold. While you can, exchange those value diminishing dollars into something tangible in the best sense for the indidivual; buy (invest in) ammo. Forget about gold.
Ammunition has the best characteristics a medium of exchange as the value of our fiat currency is threatened. It has inherent metalic value. It is quite portable. It has the obvious additional attributes for self defense and food procurement. It provides a sense of security paper money cannot. Best of all, it cannot be devalued by government decree. It’s value spent in persuit of survival in the worst of times. It has a very long shelf life. Forget about gold. While you can, exchange those value diminishing dollars into something tangible in the best sense for the indidivual; buy (invest in) ammo.

]]> By: keith harding http://socyberty.com/economics/sell-the-gold-reserves/comment-page-1/#comment-28821 keith harding Tue, 03 Feb 2009 04:41:22 +0000 http://socyberty.com/economics/sell-the-gold-reserves/#comment-28821 The amount of Gold the USA has is too small to fix 6 trillion in debt... The amount of Gold the USA has is too small to fix 6 trillion in debt…

]]> By: Jeremy http://socyberty.com/economics/sell-the-gold-reserves/comment-page-1/#comment-28819 Jeremy Sat, 13 Dec 2008 04:26:48 +0000 http://socyberty.com/economics/sell-the-gold-reserves/#comment-28819 Check out gata.org ... Scary! I imagine that most of the gold HAS already been sold, traded, leased or swapped to manipulate the gold market and make gold seem unimportant and insignificant... when it comes right down to it gold is always money... while money is always just paper... Watch the video on their site... This organization is supported by people who have a lot to gain by higher gold prices (miners, investors etc) but I tend to believe what they are saying.. Check out gata.org … Scary! I imagine that most of the gold HAS already been sold, traded, leased or swapped to manipulate the gold market and make gold seem unimportant and insignificant… when it comes right down to it gold is always money… while money is always just paper… Watch the video on their site… This organization is supported by people who have a lot to gain by higher gold prices (miners, investors etc) but I tend to believe what they are saying..

]]> By: George http://socyberty.com/economics/sell-the-gold-reserves/comment-page-1/#comment-28817 George Sun, 31 Aug 2008 19:21:04 +0000 http://socyberty.com/economics/sell-the-gold-reserves/#comment-28817 If the US began selling off it's wast gold reserve, wouldn't the price of gold collapse? Duh! If the US began selling off it’s wast gold reserve, wouldn’t the price of gold collapse? Duh!

]]> By: Steve http://socyberty.com/economics/sell-the-gold-reserves/comment-page-1/#comment-28813 Steve Tue, 01 Jul 2008 17:59:23 +0000 http://socyberty.com/economics/sell-the-gold-reserves/#comment-28813 This is one of the most uneducated articles I have ever read. Obviously the writer does not understand the concept of true money - it's role, purpose, and required characteristics. This is one of the most uneducated articles I have ever read. Obviously the writer does not understand the concept of true money – it’s role, purpose, and required characteristics.

]]> By: Goldbug http://socyberty.com/economics/sell-the-gold-reserves/comment-page-1/#comment-28815 Goldbug Fri, 16 Nov 2007 02:13:10 +0000 http://socyberty.com/economics/sell-the-gold-reserves/#comment-28815 Selling off our gold is the worst idea ever. I can't believe you would say such a thing. The government can print as much money as it wants so why would it want to sell gold to pay bills? Selling off our gold is the worst idea ever. I can’t believe you would say such a thing. The government can print as much money as it wants so why would it want to sell gold to pay bills?

]]> By: FreeMarket http://socyberty.com/economics/sell-the-gold-reserves/comment-page-1/#comment-28811 FreeMarket Sun, 07 Oct 2007 02:51:54 +0000 http://socyberty.com/economics/sell-the-gold-reserves/#comment-28811 The Central Bank has put us into a situation of debt through usury, you should watch Aaron Russo's film Freedom to Fascism on Google Video before proposing such a drastic measure. I personally doubt that there is any gold kept in reserves in the U.S. anymore, much of it was sold to Europe when the price was fixed at $35 an ounce. The Central Bank has put us into a situation of debt through usury, you should watch Aaron Russo’s film Freedom to Fascism on Google Video before proposing such a drastic measure. I personally doubt that there is any gold kept in reserves in the U.S. anymore, much of it was sold to Europe when the price was fixed at $35 an ounce.

]]> By: Statsman http://socyberty.com/economics/sell-the-gold-reserves/comment-page-1/#comment-28809 Statsman Thu, 23 Aug 2007 03:45:56 +0000 http://socyberty.com/economics/sell-the-gold-reserves/#comment-28809 Creditworthiness is dependent upon the ability of a government to pay off its debt by taxing commerce. Gold reserves sitting in a vault generate little or no income (like this article if no one clicks the ads!). Selling the reserves would do nothing to impair the government's ability to pay debt. How much does the governemnt currently owe in debt? A lot more than $178 billion dollars. If you want real wealth how much land does the US government own and whats its worth? <br /> <br /> Sorry Cheeky Wayne if you own gold because a government sale would would drop the price considerably. Creditworthiness is dependent upon the ability of a government to pay off its debt by taxing commerce. Gold reserves sitting in a vault generate little or no income (like this article if no one clicks the ads!). Selling the reserves would do nothing to impair the government’s ability to pay debt. How much does the governemnt currently owe in debt? A lot more than $178 billion dollars. If you want real wealth how much land does the US government own and whats its worth?

Sorry Cheeky Wayne if you own gold because a government sale would would drop the price considerably.

]]> By: Mike http://socyberty.com/economics/sell-the-gold-reserves/comment-page-1/#comment-28805 Mike Wed, 22 Aug 2007 23:00:34 +0000 http://socyberty.com/economics/sell-the-gold-reserves/#comment-28805 I'll have to agree with Rex on this one. The problem with a romantic, Utopian-like view of how things work is the result we see. I think the results of a paternal government are quite apparent in the way we avoid topics or handle them so as not to offend. It is exactly this approach to U.S. economic policy that has produced the woes we see in this country today. Without understanding the big picture, we tend to proceed from a conclusion or perception that is economically shaky at best.<br /> Without the creditworthiness that the gold, if it even exists anymore, we may have the proverbial wolves knocking at the door. China now holds a majority of most of this country's debt. Better get used to bean sprouts and steamed rice with an idea like that. I’ll have to agree with Rex on this one. The problem with a romantic, Utopian-like view of how things work is the result we see. I think the results of a paternal government are quite apparent in the way we avoid topics or handle them so as not to offend. It is exactly this approach to U.S. economic policy that has produced the woes we see in this country today. Without understanding the big picture, we tend to proceed from a conclusion or perception that is economically shaky at best.
Without the creditworthiness that the gold, if it even exists anymore, we may have the proverbial wolves knocking at the door. China now holds a majority of most of this country’s debt. Better get used to bean sprouts and steamed rice with an idea like that.

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