Currency expansion

MrEnglish

RDB wrote: »

This Ron Paul

http://www.youtube.com/watch?v=CtvHAqK8P14

is 100% correct that the Greek bailout money is just added to the currency supply out of thin air.

If anyone disagrees with this, where does it come from?


Or like Tomterm8 who thinks that abusing currency supply like this is actually a good thing.



http://www.chartingstocks.net/2009/06/us-money-supply-updated-chart/

Abusing the currency like this can never have any other outcome apart from it means that prices must rise to soak up all that extra currency, like a sponge soaking up water. This is bad news for someone holding pounds, Euros etc but cause for celebration for a precious metals investor.


Some good charts and info.

http://goldsilver.com/newsletters/newsID/3592/

He says

"With the exception of the Panic Meter, all graphs in this article are taken directly from the Federal Reserve's website. Personally, I'm pretty sure that in a few years a chart of the price of gold will look similar to these charts, and a chart of the U.S. dollar will look like one of these charts flipped upside-down. "

RDB

Where does this currency come from?

http://www.youtube.com/user/streetmoney21#p/f/0/thSTpGnWEAs

MrEnglish

Where does any Fiat currency come from? Thin air. Either typed into a bank account or just printed.

Is there a limit to how much currency can be created out of thin air?

How long before we are the same as Zimbabwe?

MrEnglish

The best thing you can do is buy physical bullion. Its got to be physical not a paper promise of of the real thing.

Get a safe. If you dont want to get a safe then do some midnight gardening and bury it over 3m down so metal detector cant find it. Then buy some more and store it under the floor boards or somewhere else safe.

purch

MrEnglish wrote: »

If you dont want to get a safe then do some midnight gardening and bury it over 3m down so metal detector cant find it. Then buy some more and store it under the floor boards or somewhere else safe.

Good thinking !!! :eek:

So the bloke with the metal detector will find the Gold you stashed under the floorboards and nick that.....leaving you with the stuff you buried !!!!

Brilliant...best bit of advice ever :T

Really2

MrEnglish wrote: »

If you dont want to get a safe then do some midnight gardening and bury it over 3m down so metal detector cant find it.

10FT:eek: that would be some midnight gardening .

Dirk_Rambo

MrEnglish wrote: »

The best thing you can do is buy physical bullion. Its got to be physical not a paper promise of of the real thing.

.

yet another top tip from MrEnglish. thanks once again.
ps. its not too late to jump aboard the silver express. great gains have been made so far but with even bigger gains to come. good luck everyone