patrick.net

Billy Jack says

Gold and silver critics, listen up.
Clearly demonstrate to us where the money is going to come from to bailout the states that are bankrupt. Show us where the jobs are going to come from to create economic growth. Show us where the tax revenue is going to come from, when housing prices keep dropping and foreclosures keep climbing. Show us how the US taxpayer is going to pay for the coming $40+ trillion dollar shortfall over the next 40 years for social services. Show us how high taxes stimulates the US dollar.
Show us how the central banks of China, Russia and India that are now buying gold and silver are wrong. Russia and China also recently agreed to price trade deals in their sovereign currencies, not dollars.
We want facts and not smarmy insultive critiques. You have lost your credibility because all you do here is attack (and skew and twist and distort and distract) fact-supported opinions, rather than support your own in any tangible fashion.
Lay down your facts now, or stop posting mindless critiques that waste our time here.

I'm not sure who you are having an imaginary argument with--I'll try to keep the smarminess down though.

My questions is--how does any of what you describe above translate into a reason to buy gold? Other than that's always how it's worked in the past...

tatupu70 says

Billy Jack says

Gold and silver critics, listen up.

Clearly demonstrate to us where the money is going to come from to bailout the states that are bankrupt. Show us where the jobs are going to come from to create economic growth. Show us where the tax revenue is going to come from, when housing prices keep dropping and foreclosures keep climbing. Show us how the US taxpayer is going to pay for the coming $40+ trillion dollar shortfall over the next 40 years for social services. Show us how high taxes stimulates the US dollar.

Show us how the central banks of China, Russia and India that are now buying gold and silver are wrong. Russia and China also recently agreed to price trade deals in their sovereign currencies, not dollars.

We want facts and not smarmy insultive critiques. You have lost your credibility because all you do here is attack (and skew and twist and distort and distract) fact-supported opinions, rather than support your own in any tangible fashion.

Lay down your facts now, or stop posting mindless critiques that waste our time here.

I’m not sure who you are having an imaginary argument with–I’ll try to keep the smarminess down though.
My questions is–how does any of what you describe above translate into a reason to buy gold? Other than that’s always how it’s worked in the past…

I'm in agreement with taputu. I'm just not seeing anyone show up at VONS/Ralphs and pay for their groceries with gold.

I'm not saying that arguments for gold are invalid. Some are reasonable, but I just don't see it being a new currency. Although who knows anything anymore, I live in an upscale neighborhood in LA County and people are buying up guns here for whatever the reason. Gold doesn't seem like such a far-fetched idea anymore.

This explains why the unemployment is so high.

These 10+% people don't want US dollars as compensation !!!!