http://blog.cmi-gold-silver.com/obamas-embraces-proven-failed-policies/ Gold blog; blog silver. Gold silver dealer of 35 years blogs about investing in gold & silver and other precious metals. Gold blogs important to understanding gold investing. Sun, 07 Mar 2010 19:12:52 +0000 http://wordpress.org/?v=2.9 hourly 1 http://blog.cmi-gold-silver.com/obamas-embraces-proven-failed-policies/comment-page-1/#comment-1752 admin Thu, 25 Jun 2009 07:04:52 +0000 http://blog.cmi-gold-silver.com/?p=161#comment-1752 Right, you cannot eat gold or silver. You also do not eat paper dollars. You use them for money, a medium of exchange. As the dollar declines in value, other currencies will rise. Maybe they will be foreign currencies, maybe (probably) two of the other currenices will be gold and silver, which will trade, for a time, parallel with dollars. We will have multiple, competing currencies. If the dollar becomes worthless, gold and silver will have even greater value relative to other goods than they have today. That is to say, the value (price) of gold and silver will rise. Right, you cannot eat gold or silver. You also do not eat paper dollars. You use them for money, a medium of exchange. As the dollar declines in value, other currencies will rise. Maybe they will be foreign currencies, maybe (probably) two of the other currenices will be gold and silver, which will trade, for a time, parallel with dollars. We will have multiple, competing currencies. If the dollar becomes worthless, gold and silver will have even greater value relative to other goods than they have today. That is to say, the value (price) of gold and silver will rise.

]]> http://blog.cmi-gold-silver.com/obamas-embraces-proven-failed-policies/comment-page-1/#comment-1565 BK Campbell Fri, 24 Apr 2009 02:59:03 +0000 http://blog.cmi-gold-silver.com/?p=161#comment-1565 I agree with Dr. Paul 100%. However, I would like to point out to the silver investors that when the dollar fails which is not a matter of if but when, gold nor silver will be worth anything until an economy is set up to where money is in play once again. At that time it will be goods that have value. You cannot eat gold or silver and if there is no industry no matter how many uses they may have had before the fall, they will have virtually none after the fall. A quart of whiskey or 5 lbs of rice will be worth more than a sack of precious metal. The money powers will never let paper money fail. Even if it loses 90% of its value they will still be the richest and own the most and therefore have the power. Gold and silver are good investments but only like land is a good investment. Their value will go up as time goes on but they will never again take the place of paper money. I agree with Dr. Paul 100%. However, I would like to point out to the silver investors that when the dollar fails which is not a matter of if but when, gold nor silver will be worth anything until an economy is set up to where money is in play once again. At that time it will be goods that have value. You cannot eat gold or silver and if there is no industry no matter how many uses they may have had before the fall, they will have virtually none after the fall. A quart of whiskey or 5 lbs of rice will be worth more than a sack of precious metal. The money powers will never let paper money fail. Even if it loses 90% of its value they will still be the richest and own the most and therefore have the power. Gold and silver are good investments but only like land is a good investment. Their value will go up as time goes on but they will never again take the place of paper money.

]]>