Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Gold/silver paper smackdown coming?
>
Reply to Thread
Message:
<p>[QUOTE="InfleXion, post: 1633953, member: 29012"]This is true if you plan on transacting in dollars. However, linearly growing GDP (which is now nominally negative in Q4 2012, and has been actually negative when adjusted for inflation since 2008) cannot possibly sustain exponentially growing debt so dollars are on their way out. That's what I meant by my previous statement. In the meantime metals will protect you from the ongoing currency devaluation. Also, there is no reason why people can't transact in metals. It will be a matter of preference between dealing parties. Typically people who own metals are willing to trade for them. Although if you wanted to barter with me we'd be doing some melting first <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> It doesn't matter what the global economy does except when you are dealing with a financial institution or government. Just look at what they are doing in Greece with their Tem coupons. There are over 4,000 gold dealers in Attica alone.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1633953, member: 29012"]This is true if you plan on transacting in dollars. However, linearly growing GDP (which is now nominally negative in Q4 2012, and has been actually negative when adjusted for inflation since 2008) cannot possibly sustain exponentially growing debt so dollars are on their way out. That's what I meant by my previous statement. In the meantime metals will protect you from the ongoing currency devaluation. Also, there is no reason why people can't transact in metals. It will be a matter of preference between dealing parties. Typically people who own metals are willing to trade for them. Although if you wanted to barter with me we'd be doing some melting first ;) It doesn't matter what the global economy does except when you are dealing with a financial institution or government. Just look at what they are doing in Greece with their Tem coupons. There are over 4,000 gold dealers in Attica alone.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Gold/silver paper smackdown coming?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...