Quote:
Originally Posted by Chris
Gold is money - the only true, hard currency. It is rare and precious and no clever financial instrument, fund, transaction or other assorted sleights of hand can make it more or less than what it is.
The rich, though I generalise, are close enough to the financial system with their advisers and investments to realise there's nothing holding it up. Buying gold is a wise course of action if there's a risk of even the major reserve currencies getting into difficulty.
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Yep agree think this was first warning that was not headed why was gold going up.
I know many want money back linked to gold reserves.
There move was way before 2008 cant remember when gold started to climb in value. Thats not forgetting the steady rise into comodities.
So advisors helped them but did governments advisors tell them too. Economists ket stum too. Warning bells should been sounding way before it hit.
Its like everyone new storm coming except the banks governments and economists unless they ignored the signs.
There blokes video on youtube posted it awhile back about money. He did that video 1981 I think it is he predicted the crash then and the meltdown because fractural reserves been overused by the money men for there own gains.
The bloke warner think name economist got more sense osbourne. The vid just couple days ago says we dont control 97% money. So when government QE or main bank its market which dictates the flow for its interests not necessary whats good for economy. Often flowed into bad debt as earns them money instead using it for productive use. So BOE ends up not helping our GPD.
With now flow dropping alarmingly we need to get cash flowing.
I cant see any other way than this QE but we should take control where it used.
This what economist says use it to build worth and value by using it for productive means which improves GPD. Basiclaly for small medium business and expansion in areas which produces goods for selling.
Worst would be is let it get filtered into markets, hedge funds, even property/land.
He talked alot sense.