darktone
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It would be a lot more compelling if he weren't so obviously talking his book.US 'will return to gold standard', says Euro Pacific Capital chief Peter Schiff
US 'will return to gold standard', says Euro Pacific Capital chief Peter Schiff - Telegraph
hmm, i doubt it vm!
It would be a lot more compelling if he weren't so obviously talking his book.
A far as I know, he's very long gold, yes... Him being long predates the calls for the gold standard, as far as I am aware. I am not sure he's behind anything the Republicans are doing. Personally, I think this is just the Republicans' strategy to win over some hard-core Ron Paul supporters, who might otherwise fragment the party. By announcing a non-committal "we'll look at it at some point in the future" measure, they might be able to bring some Paul supporters over for free. In light of how many mainstream economists are working with Romney, I think this commission is a joke.Is he talking his book? Regardless if there's a gold standard or not he believes buying gold is a decent bet, else he wld be either not buying it or shorting it. Was he behind the republicans 'gold commission'?
Apparently you can buy ultra sound kit which wld identify such fakes v easily and cost as little as $50. I find it hard to believe that a gold dealer is buying reasonably large quantities (tens of thousands of $s worth) yet wld not check its worth with such relatively cheap and industry recognised kit. Tungsten has been used before, so its not as if its a new scam.
Cor i havent been here in a good while, hope your all well . Would be interested in hearing your opinions / views / facts on:-
1) What is money?
2) Where does our money come from?
(Am talking about the UK)
better think only difference money currency - store of value. currency not money yes. all other same both; medium of exchange, durable, divisible, portable and fungible. not like pig, so pig not currency not money but can barter,Gold and silver is/can be money.
Printed paper backed by debt is currency.
The terms are not interchangeable for this type of discussion.
better think only difference money currency - store of value. currency not money yes. all other same both; medium of exchange, durable, divisible, portable and fungible. not like pig, so pig not currency not money but can barter,
know that. what i said, only difference money currency - store of value. currency not money yes.Yes..... but currency does not have the "store of value" that money has....meaning it stores its value over time.
That's the difference.