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Very Hot Topic (More than 25 Replies) Why? (Read 2,140 times)
michiganFats
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Re: Why?
Reply #20 - Jun 30th, 2017 at 3:35pm
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TowardLiberty wrote on Jun 30th, 2017 at 3:01pm:
How?

In purchases of US exports, real estate, stocks and securities.


They would be relevant to the reason why they came back- ie there was a new monetary arrangement and those dollars were no longer necessary for foreigners to hold.



No. If the Dollar collapses that isn't happening.

I will ask one more time. How is Gold a threat to America? Simple question. maybe you should go on Facebook and ask someone?
  
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TowardLiberty
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Re: Why?
Reply #21 - Jun 30th, 2017 at 6:02pm
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michiganFats wrote on Jun 30th, 2017 at 3:35pm:
No. If the Dollar collapses that isn't happening.


When currencies weaken enough people rush to trade their money for goods and services. This is known as the "flight to real goods" or the "crack up boom."

So you might want to rethink this line of argument.

Quote:
I will ask one more time. How is Gold a threat to America? Simple question.

It's not a threat. Where did you get the idea it was?

Indeed I see it as a great opportunity.
  

"Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist." J M Keynes

"In the first place, the dichotomy between "theoretical" and "practical" is a false one. In economics, all arguments are theoretical. And, since economics discusses the real world, these theoretical arguments are by their nature "practical" ones as well." M Rothbard
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michiganFats
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Re: Why?
Reply #22 - Jul 3rd, 2017 at 7:11am
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TowardLiberty wrote on Jun 30th, 2017 at 6:02pm:
When currencies weaken enough people rush to trade their money for goods and services. This is known as the "flight to real goods" or the "crack up boom."

So you might want to rethink this line of argument.

It's not a threat. Where did you get the idea it was?

Indeed I see it as a great opportunity.


From the OP.

You obviously think other countries buying gold is an ominous development. You've failed to explain why. I'm betting you're thinking about buying a shelter.
  
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TowardLiberty
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Re: Why?
Reply #23 - Jul 3rd, 2017 at 11:36am
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michiganFats wrote on Jul 3rd, 2017 at 7:11am:
From the OP.

You obviously think other countries buying gold is an ominous development. You've failed to explain why.


I've explained why I think it could be a good thing.

And I have explained why other nations might want a different agreement and what implications that might have.

  

"Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist." J M Keynes

"In the first place, the dichotomy between "theoretical" and "practical" is a false one. In economics, all arguments are theoretical. And, since economics discusses the real world, these theoretical arguments are by their nature "practical" ones as well." M Rothbard
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michiganFats
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Re: Why?
Reply #24 - Jul 5th, 2017 at 10:15am
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TowardLiberty wrote on Jul 3rd, 2017 at 11:36am:
I've explained why I think it could be a good thing.

And I have explained why other nations might want a different agreement and what implications that might have.



No you didn't. You posted links, and I actually took the time to read them, and I want my 10 minutes back.
  
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Re: Why?
Reply #25 - Jul 5th, 2017 at 11:21am
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michiganFats wrote on Jul 5th, 2017 at 10:15am:
No you didn't. You posted links, and I actually took the time to read them, and I want my 10 minutes back.


I don't believe you really believe that.





  

"Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist." J M Keynes

"In the first place, the dichotomy between "theoretical" and "practical" is a false one. In economics, all arguments are theoretical. And, since economics discusses the real world, these theoretical arguments are by their nature "practical" ones as well." M Rothbard
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michiganFats
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Re: Why?
Reply #26 - Jul 5th, 2017 at 11:38am
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TowardLiberty wrote on Jul 5th, 2017 at 11:21am:
I don't believe you really believe that.







Believe it. The OP is all about foreign countries buying gold being a threat to America. Your links, both of them, didn't even really touch the subject. That's not their fault, it's yours. Gold is a hedge, that's all it is.

Do you have a problem with my position on this or are you just arguing for the sake of arguing?
  
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TowardLiberty
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Re: Why?
Reply #27 - Jul 5th, 2017 at 11:45am
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michiganFats wrote on Jul 5th, 2017 at 11:38am:
Believe it. The OP is all about foreign countries buying gold being a threat to America. Your links, both of them, didn't even really touch the subject. That's not their fault, it's yours. Gold is a hedge, that's all it is.

Do you have a problem with my position on this or are you just arguing for the sake of arguing?

Yeah - I don't believe it.

You have given no reason to suggest that gold is a threat to America and you have given no reason to suggest that anyone is making that argument here.

And you have given no reason to suggest that you did not read the posts where I explained why other nations might want a different agreement and what implications that might have. And why this might be a good thing.

You even responded to those posts so I know you read them.

So yeah- I don't believe you.
« Last Edit: Jul 5th, 2017 at 12:52pm by TowardLiberty »  

"Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist." J M Keynes

"In the first place, the dichotomy between "theoretical" and "practical" is a false one. In economics, all arguments are theoretical. And, since economics discusses the real world, these theoretical arguments are by their nature "practical" ones as well." M Rothbard
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michiganFats
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Re: Why?
Reply #28 - Jul 5th, 2017 at 2:19pm
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TowardLiberty wrote on Jul 5th, 2017 at 11:45am:
Yeah - I don't believe it.

You have given no reason to suggest that gold is a threat to America and you have given no reason to suggest that anyone is making that argument here.

And you have given no reason to suggest that you did not read the posts where I explained why other nations might want a different agreement and what implications that might have. And why this might be a good thing.

You even responded to those posts so I know you read them.

So yeah- I don't believe you.


You don't have to believe anything, the OP is there.

You're not making your point very well.

  
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Re: Why?
Reply #29 - Jul 6th, 2017 at 10:41am
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The threat to American is the use of fiat money and being financially controlled by a foreign based central bank. Our listed supply of gold is suspect based on the reaction given when Germany requested her gold back. The over reliance on paper money resulting in massive debt by our overspending government will lead to the economic failure of this country. The when is the question.

Other governments are not stupid and see the fallacy inherent in our economic system and have decided that purchase of precious metals is in their best interests. These countries also are controlled by central banks yet see the potential of returning to precious metal based economies when and if the fiat systems collapse. Our leaders should pull their heads out of where ever and read the tea leaves. Maybe they  think they'll pull a Roosevelt and just confiscate it when needed and revalue it then.
  

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