Sell Your Gold, It's Not Backed By Anything!
Thursday, September 29, 2011 at 1:12PM Do we have it all wrong? Maybe this woman is right!
Maybe gold doesn't have value because it isn't "backed" by anything! And, maybe we should buy dollars because they are backed by something... They are backed by the large criminal organization known as the US Government!
And she makes a good point. It is also backed by The Federal Reserve. And they'll definitely be here a few years from now (except if Ron Paul has anything to say about it - and he's getting pretty popular nowadays).
Gold? Who knows. It could all just disappear!
**NOTE: CTV has tried to get YouTube to take down every instance of this video. If the video doesn't work it means they found this one.
Hoo boy, just another reason to sell your television.
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Reader Comments (19)
Gotta love MSM keeping us well informed and up to date with what's really going on...
Oh well.... btw, does anyone knows were can i buy Gold in Portugal ? (coins or bullion)
Here, banks no longer sell gold because they want ppl to deposit and invest in their banks...
Any help ?
So, this is how the us government hates its own people. Instead of helping them to prepare for the coming collapse, wars, object poverty, crime, lack of investment, etc., it is trying to con the Americans into buying dollars?
Is this not a treason?
That brunette is dumber than my dog. My dog doesn't think that gold is anymore valuable than dollars, not any less.
Another reason I don't watch TV anymore.
Give 'em hell, Jeff.
Notice how she says “Todd Hersh says that something else is happening here too, some investors aren’t......”
First she mentions “Todd Hersh” who is this guy? And how “some investors” who are these investors, maybe they have some gold to sell me?
Typical media BS, no facts, referencing people that don’t exist as experts and providing no real proof, just hear say.
But, I am sure she is getting paid well for looking good on TV and cheerleading the US Dollar and the Fedi.
How do their transactions with countries in Europe works ? Is it a global company ?
Try this store...Mundial Agencia de Cambios in the historic center of Lisbon, Portugal.
Here is a good article about the place...
http://www.blanchardonline.com/investing-news-blog/econ.php?article=3028
"People are nervous about the banking system and the euro and believe that investing in gold will help them protect their savings," said Lola, who manages coin sales at the shop near the Rua do Ouro, once a center for goldsmiths working with metal brought back from Brazil in the 18th and 19th centuries
The fear we here acknowledge today will multiply and become known by all....
Let’s take a different view. If gold had peaked at near $1900 then dropped by $100 in two days, this represents a percentage drop of 5.26%. In this day and age of derivatives and leverage, I don’t think that is too dramatic. Had she have mentioned the drop of 5.26%, that would have had less impact on the audience than a drop of over $100, though both are fact. Heck, stock markets round the world have gained and lost 5% in a day, but she forgot to mention that!
About 28 years ago, in Jan 1983, gold had a temporary peak of just under $500 (source goldprice.org). I’ll be nice to Bridget and use the highest number rounded up that year. If gold had fallen by $100 in two days 28 years ago, that would have represented a percentage drop of 20%.
So to all the viewers of that broadcast, including Bridget, I ask, which do you think is more dramatic event, a 5.26% drop ($1900 down to $1800) drop or a 20% drop ($500 down to $400). Answers on a post card to …
She also mentioned that the Federal Reserve / US Government will be around in a year from now. So I’m supposed to feel good with that statement; only one year! And then? I feel much better knowing that for thousands of years, gold has been a store of wealth.
save with keepvid.com en reupload to other channels such as vimeo, since youtube is pulling it