World bank rumour: Gold/Silver as money again | Metals Mine

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World bank rumour: Gold/Silver as money again

  • #1
  • First Post: Jul 5, 2013 11:49am Jul 5, 2013 11:49am
According to this whistleblower.
What do you think? Likely true.

http://www.silverdoctors.com/world-b...er-currencies/
  • #2
  • Jul 5, 2013 4:33pm Jul 5, 2013 4:33pm
Quoting johs
According to this whistleblower. What do you think? Likely true. http://www.silverdoctors.com/world-b...er-currencies/
Was it so hard to copy/paste the damn text so that I dont have to click that link to godknowswhere....?!
  • #3
  • Jul 8, 2013 6:28am Jul 8, 2013 6:28am
There is corruption. There is back room dealing. There is the Bilderberg secret retreat meetings. There is coming world domination.

Buy Gold, buy Gold, buuuuuuu yyyyyyyyyy Gold.

Oh by the way buy gold.

Well unless it continues to collapse likes its done for almost 2 years.

And the lower it goes the more shrill the sales pitch.

  • #4
  • Jul 26, 2013 11:51am Jul 26, 2013 11:51am
I have a few questions over here, just considering the fact that these metals do become the currency one day:

1. Do we have enough of these metals to meet the needs of a considerable region, if they are to become the global currency?
2. Even if we do, how can this end to the world of corruption?
3. If this is to happen, what will happen to the commodity market?

Can anyone help me in clearing my doubts over these?
  • #5
  • Jul 26, 2013 4:14pm Jul 26, 2013 4:14pm
EXECUTIVE OR
Quoting ron2554
I have a few questions over here, just considering the fact that these metals do become the currency one day:

Quote
1. Do we have enough of these metals to meet the needs of a considerable region, if they are to become the global currency?
Doubtful unless every country want's to give up an enormous part of their gold reserves.

Another problem arises here. Being that these metals are precious, minting coins out of them again - unless mixed with a semi precious metal
or alloy like Copper or Bronze their life span would be extremely short due to the fact that Gold and Silver are far more malleable than copper, nickel, zinc, bronze, etc.

Banks and then ultimately the Central bank will take out of circulation coins and paper money that is not fit to circulate any more.

The only way after thinking about this for a while -"years"- this could work is if base metals were used for coins such as almost pure copper 90%
Such as the pre 1982 US penny for low denominations like the penny. (Which is now a zinc dipped in copper) Up the nickel in nickels,
Silver could be used for Dimes and quarters could be made out of a say 50%mix instead of 90% ie 1950s US Quarters, And then perhaps make a 90% coin worth Five and a new dollar coin.

Anything over 5 dollars (Using US currency as the example b/c it is still the world reserve currency) would have to still be paper money accept it would
be redeemable for a pre set amount of gold or silver, in turn they are not really dollars but certificates, which I will post pictures of.


Quote
2. Even if we do, how can this end to the world of corruption?
There will always be corruption however it might help to stabilize inflation.
over the long term.


Quote
3. If this is to happen, what will happen to the commodity market? Can anyone help me in clearing my doubts over these?

This is the real interesting part of this whole thing. What happens to the price of gold and silver???
It could either skyrocket, yet, how would it do so if the governments try to repo privately owned gold - as they did in America previously
Welcome to:

EXECUTIVE ORDER 6102:
Quote
Executive Order 6102
Quote
is an Executive Order signed on April 5, 1933, by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, andGold Certificates within the continental United...

The odd thing is that this is a similar time to the great recession however, we are far more complicated and advanced people than we were in 1933.

If the Government were to try such an order again, many would hide, bury, move, whatever it takes to keep their gold, Ultimately, it is those that have gold in vaults,
ie; the super rich that would catch the sh!t end of the stick on that one!

So, we also come to the next problem, is this going to be something the WORLD does? or just the USA?
What happened to the "GLOBAL CURRENCY" that was supposed to come out?

If the GVMNTS did decide to ban people from owning gold their would immediately be a black market for it similar to prohibition or the drug trade today.

Next problem, the Government does not own mining companies, maybe some that we don't know that they have "hand" in, yet If say Canada allows land to be prospected
to mine, there are private companies involved.

This would rock the entire mining industry.

I could go on for hours about this but what it really comes down to is that, yes,

Fiat Currency:
Quote
Fiat money
Quote
is money that derives its value from government regulation or law. The term fiat currency is used when the fiat money is used as the main currency of the country. The term derives from the Latin fiat ("let it be done", "it shall be").
Quote
[color=#000000][font=sans-serif]Fiat money originated in 11th century China, and its use became widespread during the Yuan and Ming dynasties. During the 13th century, Marco Polo described the fiat money of the Yuan Dynasty in his book [i][url=http://en.wikipedia.org/wiki/The_Travels_of_Marco_Polo]The...


Should be overhauled, it would be great if they were backed by gold and silver so that the paper you hold in your hand was actually worth something and could no just be inflated or deflated to death whenever the countries take turns in the race to debase.

Let's see if it ever happens.
They could even make copper certificates at this rate!

Ones and fives should be copper certificates or 90% silver coins, ---- THey SHOULD RE INSTATE THE TWO DOLLAR BILL especially in NYC ---
10's 20's (maybe 50's) should be Silver Silver certificates.
50's and 100's should be Gold Certificates with a 100 USD coin release and the addition of a 75 USD note as well as a 200 USD note.

Here is yet another problem! If the majority of the price of gold is dictated - if NOT THE ENTIRE price of Gold dictated by the Government, where is there
any room for it to swing for the open markets? Traders, Investors, Jewelry, Computers, Misc, etc.


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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #6
  • Aug 2, 2013 6:39am Aug 2, 2013 6:39am
Just rumours.
  • #7
  • Sep 23, 2013 9:17pm Sep 23, 2013 9:17pm
Just rumors and absolute crap, many many problems with gold.

  1. If it is gold and paper, it will be fractional reserve banking just like now, and worse yet, the government will hold all this mysterious gold
  2. If it is gold and paper at the same time then governments will debase it just like they do now. On top of that you will have gold being mined out of the earth, causing inflation. You will also have gold being taken on and off the market, causing fluctuations. There are still many, many ways inflation/deflation can occur.
  3. Fluctuations in commodity prices are violent, how much more violent will they get if the whole world is trading gold? 10% dollar move is a huge thing to happen. What about the violent move in gold from early 2000's until now? Multiple doubling in price? How do you think economies will adjust to that?
  4. As harsh as it may seem, we need inflation. With gold, people would have to constantly deal with real and market wage increases and deccreases due to massive fluctuation and trade imbalances that can't be fixed via inflation. Economies are already fragile systems, how do you think they will hold up to consumers being rich one day and then not able to eat the next day? There is no stability in gold
  5. Gold ending corruption? PLEASE, only if there is a god in the sky willing to reign down plagues on the rich......Gold is just as corruptible as fiat currency. Who holds the gold? What happens when someone filthy rich, or a group of filthy rich people hoard that gold off the market, cause a huge spike and then flood the market with their now massively more valuable gold?


I'm not saying the current system is some sort of nirvana, but the day we move to gold is the day I will go off the grid and be a farmer. It is completely unstable, and would cause way too much uncertainty to do any good for any modern economy. I came to this conclusion after hearing multiple vague accusations and assumptions about gold and the current system, and doing my own research and thinking.

I wrote an article titled Federal Reserve: Why and How Do They Change Interest Rates? on my blog

  • #8
  • Jan 30, 2014 1:24pm Jan 30, 2014 1:24pm
Quoting deltaskelta
Just rumors and absolute crap, many many problems with gold. If it is gold and paper, it will be fractional reserve banking just like now, and worse yet, the government will hold all this mysterious gold If it is gold and paper at the same time then governments will debase it just like they do now. On top of that you will have gold being mined out of the earth, causing inflation. You will also have gold being taken on and off the market, causing fluctuations. There are still many, many ways inflation/deflation can occur. Fluctuations in commodity...
Funny, the same things too with fiat currency, people can use other means to trade, like barter, there are many forms of currency but it won't be fiat anymore. And this can be traded via electronic exchange, this could be interesting for trading, or perhaps not.
contact me for a managed account
  • #9
  • Feb 1, 2014 10:36pm Feb 1, 2014 10:36pm
XTrade pointed out some great facts and deltaskelta and de_prince make some good points.

As far as the topic at hand I think the people who believe gold will be the future are mistaken. BitCoin and other currencies not tied to one nation will be the future (In my opinion of course). And they won't be the same for hundreds of years nor will they simply replace monies like the USD or Euro (or other big ones). They will give the user flexibility and avoid high costs from credit cards.

Gold is just too valuable to be used as money anymore, it's required for the high tech industry and is hugely important in developing countries such as India where their is a tremendous demand.
  • #10
  • Feb 2, 2014 2:13am Feb 2, 2014 2:13am
I believe the days of U.S gold backed currency are long gone.
Here are just a few facts to share with your friends:

U.S. Debt
$46,138.32 per SECOND
$2,678,299.20 Per MINUTE

Debt by president---------Note: Terms vary by president
Nixon: 34% increase
Ford: 47% increase
Carter: 43% increase
Reagan: 187% increase
HW Bush: 54% increase
Clinton: 32% increase
GW Bush: 101% increase
Obama: 44% increase as of end of 2013
Not making this political, since I have no, and never will, have any affiliation with either side.....but the facts are the facts.

IMO, the real underlying problem is inflation. If a dollar was today, as it is tomorrow, then this would eliminate many problems:
If you saved $38 a week, every week, for 50 years, you would have aprox. $100,000. Not bad right?
The problem is in 50 years, inflation will bring your purchasing power to more like $10,000
Some figures to support this:
1957 Average income: $5,000 (Usually by wage of 1 person)
2007 Average income: $50,000 (usually by wages of 2 people)
1957 Average House: 50% of income (Usually paid in cash)
2007 Average House: 400% of income (Usually financed for 30 years)

Inflation has forced everyone to "invest" into some sort of market, or leave your money in the bank to succumb to emanate death.
This has created many market bubbles as you know, up to, and including precious metals markets.
This has also created a vast amount of financing options to decrease the true impact of the underlying inflation.

Social Security and entitlement programs: These programs are insolvent because Mr. Worker paid in wages from 50 years ago and forward, will be paid on current money standards going forward.
20% of an income 50 years ago: $1,000
20% of an income today: $10,000
Thus the insolvency of many programs, government budgets, as well as personal budgets.
It has nothing to do with political parties, deficits, or talking points....just numbers

Do I ever think the US will reinstitute gold backed dollars? No
Do I ever think the US will institute precious metals as currency? No
Do I ever think the world will institute a one world currency? No

The debt riddled countries of the world will need mobility by currency debasement, currency/labor indifferences in 2nd/3rd world countries to keep them afloat. Just as Car/Home financing, credit cards, and investing has brought it's own mobility to us as citizens of those countries. Reconfiguring a currency to be backed by precious metals is like taking financing away from consumers and asking them to pay cash......and those days are long gone.

FX-HedgeFund
Get Pips, Keep Pips, Repeat
  • #11
  • Edited 2:35pm Oct 29, 2014 12:19pm | Edited 2:35pm
only 1 problem with Gold... you can't print it out of thin air )

only 2 problems with Silver (see above) and it's rarer than Gold apparently... at least the amount freely available is apparently. Seems that all (or most?) of Silver gets snapped up immediately for industrial use nowadays.

Seriously, it makes no sense to go back to any commodity underpinning your currency. Currencies are a wonderful tool... when they are high you can import lots of things.. when they are low you can easily dig your way out of financial catastrophe. Only problems are when things happen like you are part of some currency bloc you shouldn't be in and (a) you implode because of your own fault - not naming names.. but "Greece I'm looking at you" or (b) not really your fault so much (that's you Cyprus... Greece screwed you for getting you into the mess and the West really f*cked you over bigtime not being so friendly to you as they were to Greece, just because you had a sizable amount of Russian deposits in your banks...

so they are stuck with the euro and can't become more competitive (devalue) to dig their way out of the hole they are in, hence austerity...

I guess it doesn't hurt to have reserves of gold and silver, as long as you can still print virtually unlimited money. If you had hard time printing money, they economy would stop growing - I guess .. at least the stock market wouldn't rise. Ok you can tell I really don't remember how it all works exactly but I think I'm not far off base on my points.

Ok, so the current system is not perfect... another problem I can think of is that some countries like Japan and Switzerland get screwed because people think of them as safe haven currencies. Country like Norway - with a good economy - I guess can afford a strong currency (I'm guessing their currency is relatively strong?)... but country with stagnant economy like Japan, probably would prefer a weak one.

But really, printing money is the only way to keep up with population growth I think. Strange that I never read anything about that before when I was reading or watching videos on how this big "ponzi scheme" works. So ok maybe I'm wrong about that - seems an important point not to mention. But really it just seems like population growth requires some kind of system whereby money is constantly being produced.
  • #12
  • Oct 29, 2014 8:33pm Oct 29, 2014 8:33pm
Sounds like someone still got some long positions from 2 years ago. Yes, Gold is safe haven, yes Gold is valuable, yes blah blah blah, but seriously, anyone that think USD is going to lose the safe haven status anytime soon is being fool. Trade them like how you were learned to trade if you been trading successfully, stuff like these are noise and you WILL lose money if you pay too much attention to these mofos. BTW if I know anything like that I won't be printing an article for the whole world to see, it will be if you know the way you go all the way but ain't no free map type of thing. Just my opinion.
Be like water making its way through cracks.
  • #13
  • Last Post: Oct 29, 2014 8:38pm Oct 29, 2014 8:38pm
Technically Since gold bottom out it touch the same bottom three time, BUT it never make any higher high. Gold is way too overvalued and the smart money knows it. If what this article is right I think the "Big Money" would have been buying it up since it bottom out and push for higher highs already. 2 years, high price were lower and lower. And all the crisis recently, gold never really rally off them, but USD did. So I say believe what you see yourself.

lol I really think that woman is holding on to some very very very very bad longs. Especially when the stock markets blew away the 10% correction like nothing, and with the Feds ending QE she knows she is going broke. haha.
Be like water making its way through cracks.
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