HouseMD wrote:tre wrote:MrPeabody wrote:Gold is actively manipulated by the Government and another joke investment.
Gold/Silver prices are definitely being manipulated, but they can't manipulate them forever. Precious metals will never be worthless (unlike paper) and prices will go up once everything else fails. Gold/Silver aren't really "Investments" as they don't make profits really. They only prevent LOSING $$ from inflation caused by the constant money printing. The elitists want you to think that Gold/Silver are bad investments and that is why they manipulate the value so much. This is easier to do as long as the Federal Reserve is in operation. Their plan is working and many are selling them off...don't fall for it.
The thing is, if the global economy collapses, gold will be just as worthless as anything else. The claim that it has intrinsic value is completely false- you can't eat it, you can't weaponize it, you can't build with it. People will be starving and desperate. You think I'm going to give you some of my preciously limited food for some damn rock? I might trade my food for bullets or whatever, but the number of people that we have on the planet are unsustainable without a modern economic system. A gold based system will likely never happen- more likely, if everything collapses, there will be a single global currency and gold will only be useful for black market transactions.
This whole thing is ridiculous anyways. I don't even want to get into the fundamental misunderstandings of how the Federal Reserve works. But people have been saying the U.S. economy would collapse since the day we declared independence. It probably won't collapse completely in my lifetime, and if it does, oh well. Look at the ruble, it collapsed, and Russia was fine within a few years. Iceland's economy collapsed and they aren't exactly dying in the streets. Argentina's currency devalued massively, and now they are back. There isn't one case in the modern world of a currency collapse being so devastating as to result in the government confiscating everyone's money and enslaving them. Yeah, World War I was a war that had very much to do with currency devaluation, but that was a war, not the start of martial law, starvation on a grand scale, mass confiscation, and a country that never escaped the iron grip of dictatorship like many conspiricists thing will happen.
And inflation is something that has to happen in a world with a growing number of people. If you have a GDP of 100,000 dollars and 1,000 citizens, you have 100 dollars per capita of income. If your population doubles, and your currency does not inflate, you have 100,000 dollars and 2,000 citizens. Goods will be twice as valuable due to supply and demand, yet currency will be halved. Therefore, you have massive poverty and unemployment due to your per capita income being halved to 50 dollars per capita for your 2,000 citizens, while goods have twice as much demand and have doubled in price, effectively making the PPP of each citizen 25% of what it was when the population was 1,000. Congratulations, this is what happens when you have a fixed dollar based on a gold standard.
Ive seen economic panic-fests my whole life, and none of them ever bore fruit or Armageddon, nor did they for my father, or my grandfather, or my great grandfather. The chances that financial Armageddon will happen in my life are not zero, but they are low. And the chances that such a collapse will happen in the next ten years, even lower. So I'm just going to keep on investing, 20% foreign stocks, 20% foreign real estate, 20% U.S. stocks, 10% U.S. real estate, 20% foreign bonds, 10% U.S. corporate bonds and we'll see who comes out better in the end, my portfolio, food, guns, medical supplies, and ammo (the latter four of which I will hopefully never need), or your piles of shiny bricks.
Can we just chill with the doom p**n and get back to focusing on women and culture? Because seriously, there's been people getting off about the end of days since the beginning of days and all of them have been declared completely bullshit wrong since the beginning of time.
