Solid gold bars could be future currency in the event of economic collapse

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  • janklow
    janklow Members, Moderators Posts: 8,613 Regulator
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    FuriousOne wrote: »
    We gone be finding planets made of gold soon anyway. lol.. or at least an asteroid for mining.
    sounds like a ridiculous sci-fi novel ... but unfortunately, i can't think of the one this is reminding me of.

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  • UrbanScribe
    UrbanScribe Members Posts: 394 ✭✭✭
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    Silver is a way better investment.. Pay attention to what all the "genius" money minds are investing in..

    SideNote: anybody have trader sites they use besides APMEX??
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  • mc317
    mc317 Members Posts: 5,548 ✭✭✭✭✭
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    Operation ? dry put 3 of the best cubans on this well see if filthy wimp is activated!
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  • kingblaze84
    kingblaze84 Members Posts: 14,288 ✭✭✭✭✭
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    http://www.bloomberg.com/news/2013-01-11/fed-s-plosser-says-stimulus-may-backfire-fuel-inflation.html

    Fed’s Plosser Says Stimulus May Backfire, Fuel Inflation

    Federal Reserve Bank of Philadelphia President Charles Plosser said the central bank’s record stimulus risks a surge in inflation and may impair efforts by households to repair their finances.

    “Attempts to increase economic ‘stimulus’ may not help speed up the process and may actually prolong it,” Plosser said in the text of a speech today in Somerset, New Jersey.

    Policy makers are discussing how long they will keep buying mortgage bonds and Treasuries as part of efforts to boost growth and bring down a 7.8 percent unemployment rate. The Fed last month linked its interest-rate outlook to economic thresholds, saying borrowing costs will stay low “at least as long” as joblessness exceeds 6.5 percent and if projected inflation won’t go beyond 2.5 percent one or two years in the future.

    “Efforts to drive real rates more negative or promises to keep rates low for a long time may have frustrated households’ efforts to rebuild their balance sheets without stimulating aggregate demand or consumption,” said Plosser, who doesn’t vote on monetary policy this year. He has repeatedly criticized Fed easing for risking higher inflation and jeopardizing the central bank’s credibility, and said the latest stimulus steps do little to boost growth.

    --America's dollar continues to die a slow death.....is Obama gonna mint that trillion dollar coin yet?
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