Ben Believes Gold Only Has Value Due To Tradition

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Wed, 07/13/2011 - 12:08 | 1452251 LongBalls
LongBalls's picture

I agree. Problem is he is not returning the favor. If he did he would come out and blast the real faces of this slave system.

Wed, 07/13/2011 - 12:22 | 1452345 goldfish1
goldfish1's picture

Bernanke is looking a little older. Guess those helicopter rides aren't as fun as they used to be. Kinda like Groundhog Day.

Wed, 07/13/2011 - 12:27 | 1452370 DoChenRollingBearing
DoChenRollingBearing's picture

@ Troublehoff,

I can hardly wait to get back to the USA (48 hours) too see if there is any physical left...

Sure they can bash it it, but the more I think about it, I doubt that we will ever see ¨FOFOA´s Bottom¨ (my term not his) in which the paper price might go to zero to $400 as the physical price goes to MANY THOUSANDS.

Maybe the paper price (if the exchanges stay in business) will never go below the ¨India Put¨ price of $1040. 

It is getting harder each day to keep the lid on.  Yeah, sure, they might bash it hard, but it is REALLY HARD for me to see gold going below $1000, EVER EVER AGAIN.

Next time there is a dip, well youknow what to do.  Buy the physical while still in reach.

Wed, 07/13/2011 - 13:02 | 1452560 DosZap
DosZap's picture

Do,

Time to maybe re-think that percentage of NW % posture.........

Ya think?.

Wed, 07/13/2011 - 13:26 | 1452647 BayAreaAlan
BayAreaAlan's picture

What is the "India Put?"

Wed, 07/13/2011 - 13:36 | 1452701 Vic Vinegar
Vic Vinegar's picture

An expression to note that the ‘price’ of gold can never get too low. Gold is adored by foreign gov’ts, central banks and right-wing survivalists. It’s really a unifying thing.

Wed, 07/13/2011 - 12:30 | 1452393 dcb
dcb's picture

it takes real talent to lie without voice cracking or inflection.

 

I wonder what he's say about the dollar.

the problem with diamonds and I'd have kept those is that the supply is kept reduced to keep price elevated, also they can now be produced a well as dug up.

Wed, 07/13/2011 - 13:36 | 1452699 weinerdog43
weinerdog43's picture

While I'll agree w/the probably fake shortage created by DeBeers, a jeweler can tell the difference between real and man made.  Mrs. Weinerdog (and I suspect a lot of women) are smart enough to ask the jeweler if it's real or fake.  I found out the hard way that created diamonds are never larger than 1 carat.  The jeweler said there is always going to be a discount dealing with something that 'isn't rare'. 

Wed, 07/13/2011 - 14:54 | 1453007 -Michelle-
-Michelle-'s picture

Interesting.  I always found that anything bigger than 1 carat looks like cubic zirconium.

 

Wed, 07/13/2011 - 12:40 | 1452445 bbq on whitehou...
bbq on whitehouse lawn's picture

No i dont. The Bernank, as an academic swore and oath to accept logic and reason above all else. Clearly he has not kept that oath.

"wizards should know better." - Treebeard.

Indeed they should.

Wed, 07/13/2011 - 15:57 | 1453290 Fiat2Zero
Fiat2Zero's picture

He's a patsy, that's all.  Yes, I feel sorry for him.  I think he might have been chosen, because he is a replicant, and because he could be counted on to do "the right thing," when the time came (i.e. keep the pedal to the metal on the $$ printer).

Wed, 07/13/2011 - 16:56 | 1453555 nohweh
nohweh's picture

Wa Wa Wa-poor little schoolboy Benny forced into the real world. Doesn't he have a family that he needs to spend more time with?

Wed, 07/13/2011 - 19:09 | 1454057 smore
smore's picture

+1

I'm glad to see there is someone here who has some empathy.

To dehumanize your enemy is to dehumanize yourself.

Yes, I do feel sorry for the Bernank.

 

Wed, 07/13/2011 - 11:51 | 1452116 tmosley
tmosley's picture

What do central banks hold that doesn't produce income?  Currency and gold.  Nothing else.

You should use that pimple on your neck a little more often, else you should remain silent.

Wed, 07/13/2011 - 12:01 | 1452178 knukles
knukles's picture

Ewwwww.
Lookit that zit!  
Pop it!  I wanna see it stick ta dah mirror.

Wed, 07/13/2011 - 12:21 | 1452339 AnAnonymous
AnAnonymous's picture

What do central banks hold that doesn't produce income?  Currency and gold.  Nothing else.

You should use that pimple on your neck a little more often, else you should remain silent.

 

Why not apply your piece of advice to yourself? You distinguish between gold and currency yourself.Start to apply your own principles to yourself first. I know that it is going to be hard for a US citizen but it also makes speech more credible.

Wed, 07/13/2011 - 12:36 | 1452425 tmosley
tmosley's picture

It's not my fault you are too stupid to understand the difference between money and currency.

Ask yourself:  is Confederate currency money?  That is the difference.

Gold is money.  Always has been, always will be.  Currency is also money, but hasn't been for long, and won't be forever.  Central banks hold both.  But they value gold over fleeting currency.

Wed, 07/13/2011 - 12:46 | 1452478 AnAnonymous
AnAnonymous's picture

Laughable.

Confederate currency? But there is no more confederate currency. There was during the times of the confederation. Which is no longer. Banks are holding confederate currency on their bank account?

US citizens are full of contempt. They scorn everyone.

US citizens are not stupid though. They are duplicitous. And are growing angrier because they have to come to realization their propaganda has grown so weak it does not sell anymore.

Wed, 07/13/2011 - 12:53 | 1452521 tmosley
tmosley's picture

So you propose that all of those nations which have fallen by the wayside are historical anomalies, and that every national and supranational currency in existence now will last forever and all time?

Also, nice collectivism there.

I'm done with you, puss for brains.

Wed, 07/13/2011 - 13:01 | 1452554 AnAnonymous
AnAnonymous's picture

Well, that is putting words into mouth...

Currency, what does it mean? Does it have something to do with current? And affiliated?

Is the confederate currency circulated? It is not. There is no more confederate currency.

Changes nothing to the premise here: currencies are hold on bank account so they are money. Still you can provide an example of banks holding a former currency on their bank account,well..

As to collectivism, what has it to do with that?

And if you are done with me, maybe time to be done with yourself and apply your own principles to yourself? Will greatly help to give credibility to your words.

Wed, 07/13/2011 - 14:25 | 1452890 Bay of Pigs
Bay of Pigs's picture

You have something else in your mouth. Take it out so we can hear you.

Wed, 07/13/2011 - 13:03 | 1452562 Id fight Gandhi
Id fight Gandhi's picture

Right. And when USA crumbles the dollar will be worth the same as confederate money, nothing. Gold will always have value. The dollar used to equal gold when we had gold standard. But ignorant people still think the dollar is worth something. Dollar is a wasting asset not being helped by printers like Benny.

Wed, 07/13/2011 - 13:06 | 1452579 AnAnonymous
AnAnonymous's picture

Gold will always have value.

 

Sure, sure, valuation has nothing situational.

This said, people who think like that are free and encouraged to put their acts where their mouths are. I could give them a bank account number so that they transfer their very soon useless USD on it. I am a generous kind and I take the risks for them.

Wed, 07/13/2011 - 13:09 | 1452589 asdasmos
asdasmos's picture

Or they could buy Gold.

Wed, 07/13/2011 - 13:29 | 1452668 nope-1004
nope-1004's picture

AnAnonymous:

Why is gold and silver up sharply today?

Why is Gold at all time highs?  Why did silver just blow through its 50DMA?

 

These are very serious times where putting your faith into a rich politician, who will vanish once TSHTF, is really putting yourself out on a limb.  Benocide is all talk, as this governments' main priority is not employment but Thought and Perception Management.  As such, he can't give gold credibility, as that is the ultimate in insubordination.

Wed, 07/13/2011 - 16:01 | 1453304 AnAnonymous
AnAnonymous's picture

Why is gold and silver up sharply today?

 

Sharply in what? Fiat money?

I dont put my faith in rich or poor politicians, save when they make sense. I dont put fait in people who do not make sense.

This site is a collection of US citizens congregating to hone the next package of lies they wish to live from.

Wed, 07/13/2011 - 16:15 | 1453378 akak
akak's picture

It is a fact that both gold and silver ARE both up sharply today, and it has nothing to do with fiat currency -- they are both up in VALUE, purchasing power if you will.  And if you were not a disingenuous asswipe and shill for the corrupt and failing financial and monetary status-quo, you would know and recognize that.

Wed, 07/13/2011 - 12:02 | 1452207 RockyRacoon
RockyRacoon's picture

I'd rather be a Paultard than an Establishment Puppet.

Wed, 07/13/2011 - 12:23 | 1452354 AnAnonymous
AnAnonymous's picture

I'd rather be a Paultard than an Establishment Puppet.

 

Because Paultards are not establishment puppets? That is first news. Ron Paul being such an established US citizen politician. He has even started a dynasty of politicians.

Incredible piece of news.

Wed, 07/13/2011 - 12:37 | 1452432 tmosley
tmosley's picture

You are utterly retarded.

Wed, 07/13/2011 - 12:48 | 1452487 AnAnonymous
AnAnonymous's picture

Good things that the US eugenics fantasy was repelled through pressure from the world then... I might not have been born if not.

Wed, 07/13/2011 - 14:40 | 1452945 LFMayor
LFMayor's picture

My understanding is that it was the Europeans that you so endear that last applied industrial solutions to eugenics problems.  It was the USA that stopped them, becuase without it wouldn't have been accomplished.

I seen it on the History Channel.

U R welcome!

Wed, 07/13/2011 - 16:04 | 1453317 AnAnonymous
AnAnonymous's picture

My understanding is that it was the Europeans that you so endear that last applied industrial solutions to eugenics problems. 

 

 The fact is that for US citizens, denial is not just a river. Industrial solutions to eugenics problems? US made. And with that, the US funded european efforts for US made policies.

Wed, 07/13/2011 - 12:49 | 1452494 Temporalist
Temporalist's picture

You are insulting retards everywhere when including this subhuman shit stain in their group.

Wed, 07/13/2011 - 12:54 | 1452523 AnAnonymous
AnAnonymous's picture

You are insulting retards everywhere when including this subhuman shit stain in their group.

 

Subhumanity? That is the spirit of the US. And subhumans have subhuman rights. Great rationalization thread to explain why the US failed to enforce their own standards. The history of the US.

How US citizenism has spread and promoted the idea that among human beings, some are subhumans or non humans.

Great legacy of the US world order. Subhumans and non humans of the world, stand up and applause your creator.

Wed, 07/13/2011 - 13:18 | 1452610 asdasmos
asdasmos's picture

AnAnonymous could be a Keynesian professor going through a mid-life crisis.

 

He cannot accept his whole life and work has been dedicated to a failing system and he now feels the need to paste his ignorance for others to see.

 

Silly Keynesian, economics is for Austrians....

Wed, 07/13/2011 - 16:06 | 1453331 AnAnonymous
AnAnonymous's picture

He cannot accept his whole life and work has been dedicated to a failing system and he now feels the need to paste his ignorance for others to see.

 

The US could be an expansionist country going through a mid life and terminal crisis.

This country can not accept life and work of entire generations have been dedicated to a failing system and now US citizens feels the need to past their ignorance for others to see.

Economics is drivel, no matter the school.

Wed, 07/13/2011 - 12:58 | 1452543 Ponzi Unit
Ponzi Unit's picture

No reason to insult AnAnonymous just because he does not have the genetic material to decipher the current political economy.

Wed, 07/13/2011 - 13:04 | 1452567 AnAnonymous
AnAnonymous's picture

No reason to insult AnAnonymous just because he does not have the genetic material to decipher the current political economy.

 

If deciphering the current political economy is what is propagated by so many on this site, well, I thank the randomness of birth to have granted me a different genetic material.

Wed, 07/13/2011 - 13:10 | 1452593 Ponzi Unit
Ponzi Unit's picture

Uh, genetic material in the sense of intelligence, which, although randomly distributed worldwide, apparently insufficient in your case.

Wed, 07/13/2011 - 16:08 | 1453342 AnAnonymous
AnAnonymous's picture

Once again, I am really glad I am not given the kind of intelligence US citizens are so fond of. Twist of observations, rejection of facts, delusion, duplicity and more seems to mark the US intelligence kind.

Wed, 07/13/2011 - 18:45 | 1453983 akak
akak's picture

So do please tell us, AnAnonymousAsshole, from which all-enlightened, intellectually blessed and magically insightful kingdom do you hail?  From my travels of the world, I find both wisdom and willful ignorance to be remarkably well-distributed.

Wed, 07/13/2011 - 13:42 | 1452722 DosZap
DosZap's picture

AnAnon,

Ron Paul being such an established US citizen politician.

Yes, he is, and I would wager one of a handful that really ever have been honest, and holds the seat for his country's sake, and for his constituents first.

I will take a House & Senate full of people with his character any day of the week compared to the majority of the scum we have now.

It's obvious your not a historian, know nothing of America's true character,or the real population outside what you have witnessed by our government and far left morons.(your reference to eugenics,came from that segment).

Leaders of countries, and governments by and large do NOT represent the views, values, and mores of it's peoples.

Wed, 07/13/2011 - 16:18 | 1453384 AnAnonymous
AnAnonymous's picture

It's obvious your not a historian, know nothing of America's true character,or the real population outside what you have witnessed by our government and far left morons.(your reference to eugenics,came from that segment).

Leaders of countries, and governments by and large do NOT represent the views, values, and mores of it's peoples.

 

Comical. I know no US politicians. But they are the more polished face of the US. US policy is by popular will, there is no discontinuity between US policy and the US People.

 

The character of the population? The very same as when the US was started. The US citizens nature is eternal.  It is the same people who patrolled on their own will slave huts in order to prevent slaves from fleeing and gain their liberty. No government oppression in that.

US citizens are the same today, they flock to join the US army ranks on their own will to have fun and kill a few people abroad.

Wed, 07/13/2011 - 12:18 | 1452321 BigJim
BigJim's picture

Hey AnAnonymous, I'm sure it's all down to the Homestead Act of 1868, and slavery, like you appear to believe everything else is.

Wed, 07/13/2011 - 12:25 | 1452363 AnAnonymous
AnAnonymous's picture

Yes? Because of the homestead Act, slavery, banks holding gold on their balance sheet makes it money?

Very US citizenish.

Wed, 07/13/2011 - 13:49 | 1452740 DosZap
DosZap's picture

AnAnon,

Where did the slaves come from, and who enslaved them  for sale first?,into America?.

How long has slavery existed?.

I submit due to your writings, that slavery was a well established fact in your neck of the woods WAY before there was an America.

You act as though WE invented the concept,and practice.

Wed, 07/13/2011 - 16:11 | 1453356 AnAnonymous
AnAnonymous's picture

Ah US citizens and their dedication to strawsmen. You gotta love them.

US citizens have definitively invented slavery while proclaiming freedom. Please provide another example if not.

Have US citizens grown that weak in their mind they think people wont see the difference between slaver countries proclaiming slavery and a country that proclaimed freedom and maintained slavery?

Wed, 07/13/2011 - 14:10 | 1452821 XitSam
XitSam's picture

banks holding gold on their balance sheet makes it money?

You're wrong Chairman Bernanke. Central banks hold gold because it is money.

Wed, 07/13/2011 - 12:54 | 1452527 Ponzi Unit
Ponzi Unit's picture

1862

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