Discussion of Forex Trading and Currency Trading

Do conservatives invest in gold because they have no faith in American currency?


Most Commented Posts

 

 

37 Responses to “Do conservatives invest in gold because they have no faith in American currency?”

  1. On the left and proud Says:
    January 27th, 2010 at 10:37 am

    Glenn Beck told them to and we all know he knows everything ha ha ha

  2. Absolutely, now that it has been turned over unconstitutionally to the Federal Reserve and the fiscal restraint of Congress.

    "on the left", Ron Paul had been saying it for 30 years (along with all Austrian school economists) long before Beck ever mentioned it.

    ‘Keep blocking…" actually, gold is expected to ‘fall back to support’ at least temporarily. However, that is now at about $1,000 per oz, much higher than it was 2 years ago. Other commodities might be better in the short run. The principle is inherent value, not gold, per se.

  3. snowball45830 Says:
    January 27th, 2010 at 10:37 am

    We have no faith in the government run by 0bama.

  4. Shovel Ready Says:
    January 27th, 2010 at 10:37 am

    People (not just conservatives) invest in gold and other commodities because they think their value will rise. Recently they have been correct. The people who think the dollar will fall have also been correct recently.

  5. Keep on blockin n the free world Says:
    January 27th, 2010 at 10:37 am

    That is exactly what it is. They believe that the American dollar will crash so they buy into a global currency.

    P/S/ Buying gold right now is a terrible investment. Its like buying stocks while they are high. Also, it won’t pay off for about 20 years, Glenn Beck is the spokeman for another ponzi scheme steeped in Anti-Americanism.

  6. Obama The Bowing Boob Says:
    January 27th, 2010 at 10:37 am

    No, it’s because we have no faith in Obama. Unlike his cool-aid drinking worshipers.

  7. zaza 1ST GRANDCHILD 2/2010!!! Says:
    January 27th, 2010 at 10:37 am

    The only gold I have is on my ring finger in the shape of a wedding ring. It’s not very big, nor was it expensive, but it is absolutely priceless to me.

  8. gov. of, by and for corporations Says:
    January 27th, 2010 at 10:37 am

    Our paper money could become worthless over night. Just think….you could be wiping your butt with 100.00 bills and think nothing of it.

  9. Yep thats why their losing money now Gold has fallen price lately while the dollar is on the rise.

  10. Tired Trucker Says:
    January 27th, 2010 at 10:37 am

    http://research.stlouisfed.org/fred2/series/BASE Look at what your President and Congress are doing to the money supply!

    Thumbs down….hard, concrete evedince is a bit** huh?

  11. Blessed Cheesemaker (cancelled) Says:
    January 27th, 2010 at 10:37 am

    Yes.

    That is why Glenn Beck spends so much time on his show convincing them that Obama is trying to devalue our currency. He is selling them overpriced gold through Goldline.com. Its one of the best shill games in decades, and the repubs don’t even get it.

  12. Agent Orange Says:
    January 27th, 2010 at 10:37 am

    No because they are sheep.

    Gold is the next bubble.

  13. Man….only a democrat…

  14. Who would, while Obama is intentionally destroying it.

    But leftists don’t need gold, they just suck down more Flavor Aid and get more tax advice from ACORN.

  15. You think only conservatives are investing in gold? Do you think there are no smart liberals?

  16. You got it. Although, gold may not be the answer either. Many many years ago, the President took the power over the people and forced them to turn in their gold to the government. They were in most cases paid with the currency of the day but many also lost everything because the currency was not worth the paper it was printed on.

    I have suggested to my husband that he invest in real property of some kind. Either farm land or equipment that can actually serve a purpose regardless of the country’s currency issues.

  17. Lots of people invest in gold.

    Do you have faith in American currency? It’s only lost value over time. Gold has only gained value. It would seem smart to invest in gold, it’s gaining value as the dollar loses it.

  18. I invest in Oil, because I know the American people are huge consumers of the stuff.

  19. Enzyte Bob's Unhinged Clone Says:
    January 27th, 2010 at 10:37 am

    they may be part of the gold bubble, which will burst, along with the real estate, dot com and stock bubbles of the last decade

  20. misty19492000 Says:
    January 27th, 2010 at 10:37 am

    Everybody is losing faith in the dollar especially China.

  21. When you have an out of control government and the dollar is on a steady decline (becoming less and less valuable) if you had the money would you invest in something of unquestionable value or stuff those dollar bills under the mattress and wait for them to hit Zero in value.

  22. They’re the same people who five years ago were investing in real estate, ten years ago in information technology stocks.

  23. Paper fiat money hasn’t ever worked, anywhere, or at any point in history.

  24. "We Trust in God" not in the American currency.

    Have a look into the Weimar Republic in order to understand what we conservatives believe may happen. Then ask yourself, if it happened to Germany, why can’t it happen to us? What are we doing to prevent our economic collapse?

  25. Yes. . Dems do too.

  26. Anyone But Obama 2012 Says:
    January 27th, 2010 at 10:37 am

    Because, at the rate things are going, Nike is going to start opening factories in the US. Gold is invested for stability. People always want precious metals and jewels and crap like that. It always has value. Sometimes the value is less than others, but its a good solid investment.

    And FYI Captain Jackass, Liberals, Socialists, Communists, the KKK, Independents, Fascists, Liberatarians, Populists, etc. Also invest in gold.

  27. Your paper money is now $30 trillion in debt. And, they are printing more, for reason we do not absolutely know. Although, we have some idea, for the marxist method, time proven to work, is to flood the local economy with valueless paper and bring about total economic collapse. Obama is not responsible for the $30 trillion, but, his party is more responsible…Truly, both parties have spent far more than they ever should have, but the left bears the greater burden.

  28. Democrat President JF Kennedy wanted to do away with the Fed and return to the Gold standard . And I agree with him .
    Some say he was killed because of that ( who knows really ).
    However on an individual level Gold really has no value if every one is starving around you.

  29. Conservatives consider all investments.

    It depends on the market valuation in the moment.

    The average liberal doesn’t invest because they prefer to suck off the government’s subsistence bottle.

  30. kathy_is_a_nurse Says:
    January 27th, 2010 at 10:37 am

    Who can have faith in our currency when the Fed just keeps cranking it out like Monopoly money. That being said, I haven’t "invested" in gold… yet. I’m waiting for bread to cost $10 a loaf.

  31. The Taxpayer Says:
    January 27th, 2010 at 10:37 am

    Bingo!
    As the administration inflates our economy the price of gold will go up. It’s not like gold is such a great investment, but the gold will hold it’s value while the the fiat currency will not (if incompetently managed through spending….not the fault of the Fed….Congress not living within their means).
    The purchase of gold is defensive positioning only. Current recommendations are 10-20% of portfolio in ETF’s. (not necessarily physical gold…but exchange traded funds)
    Most conservatives have had some training in business and have had a fundamental course in economics. You can see that obviously Congress and the President’s advisers have not. We know what will happen…good grief…40% of the US knows what will happen. That’s why you see many commercials for it. BUT here we go…skipping down the road…One line of mullarchy right after the next.
    (The President does have does have some academia on his staff. Some pontificate about Keynesian Economics. Keynesian Economics is controversial at best…AND…believe me…what the Congress has been implementing is not even slightly related to Keynesian Economics)
    So…..YES…they do.

  32. Since our treasury is printing monopoly money, it might be smarter to have something of value in your portfolio…

    http://www.usdebtclock.org/

    America’s credit rating will be in the toilet soon, so everybody had better be grabbing something of value, before their money is completely worthless.

  33. Yes they do because they haven’t bought into the Keynsian economic model that has failed in every single country. The creation of money is a very complicated thing, and the only way to keep interests rates low (in a non-artificial way) and to keep the value of the currency strong, you must tie the value of every dollar to a commodity (e.g. gold).

    Before you make fun of conservatives, look at what has happened to our country since the passing of the Federal Reserve act of 1913 along with leaving the Gold Standard in ‘71. Since 1913, the value of our dollar has decreased by 97%, which means that our dollar today could only buy 3 cents of the dollar in 1913. THAT my friend is the result of a fiat-based currency system modeled after the Keynsian model. Hitler, Marx, and Stalin all lauded a central bank that could inflate money to control the people. That is exactly what we have now. My father invested 1.6 million dollars in gold years ago and now it is worth about 5 million dollars, even during the collapse of the economic system. The only form of money that could retain its value and keep interests rates now in a non-artificial way (unlike the Greenspan/Bernanke approach that will causes ridiculous hyperinflation in the years to come) would be to tie the dollar to Gold or Silver, as the constitution demands. So yes, I, as a very fiscal conservative (I vote libertarian in elections), have zero faith in the dollar simply because our dollar has done nothing but depreciate in value over the last 96 years that we’ve had a private Central Bank that can print money out of thin air. Take a look at this graph showing the rising value of gold since we left the Gold Standard in ‘71: http://image.minyanville.com/assets/FCK/Image/UMV%20171%20Gold%20Council.gif

    Educate yourself my friend. You won’t be trusting the dollar when it completely collapses. Tim Geithner (in case you didn’t know, he’s the current Treasury Secretary and ex-chairman of the New York Federal Reserve) has already talked about the possibility of getting rid of the dollar and adopting an international currency. Find it on youtube, he says it as frankly as possible. Also, go read the book End the Fed by Ron Paul. His book has changed every single republican/democrat’s mind that I have handed the book to regarding the existence of a private Central Bank like our very own Federal Reserve.

    Thought you’d like these quotes from our Founding Fathers, the people that committed treason for breaking free from a despotic, overbearing Federal Government like we have today:

    "If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered." –Thomas Jefferson, 1816

    "I believe that banking institutions are more dangerous to our liberties than standing armies.
    Already they have raised up a monied aristocracy that has set the government at defiance. The
    issuing power (of money) should be taken away from the banks and restored to the people to
    whom it properly belongs." — Thomas Jefferson, U.S. President.

    "If Congress has the right [it doesn’t] to issue paper money [currency], it was given to them to be used by…[the government] and not to be delegated to individuals or corporations" — President Andrew Jackson, Vetoed Bank Bill of 1836

    "History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it’s issuance." — James Madison

    The following quotes I picked directly for you. You can thank me later:

    "Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States"
    — Senator Barry Goldwater (Rep. AR)

    "Give me control of a nation’s money and I care not who makes it’s laws"
    —Mayer Amschel Bauer Rothschild

    "The consequences of a rapidly declining dollar are not yet obvious to the American public. A trip to Europe costs more than it did a few years ago, but most Americans still don’t sense they are becoming poorer as the dollar falls. The long-term significance has not yet begun to sink in. However, our relative wealth as a nation is measured in dollars, and the steady erosion of the value of those dollars means we will all be poorer in the future." —Rep. Ron Paul

    Stop being a puppet of the liberal democrats and the ridiculous idiocity of most congressional republicans.

  34. Because - after Glenn Beck rants and cries for half an hour about how the dollar is just about to crash and how Obama will ruin the economy, he says: "Our sponsor this half hour is goldline…." and all the zombies rush to their phones to buy gold.

    Then, after he rants for another half hour about how bad and desperate and hungry we’re all going to get, he says: "Our sponsor this next half hour is the Non-Hybrid seed company"
    Lol - the zombies don’t even realize they’re listening to an infomercial!!!!

  35. Yes. To be fair we are investing in Guns too.

  36. the dollar is rapidly going under

Leave a Reply