There is approximately 1600 trillion dollars in financial products pyramided on top of 2-4 trillion in physical gold.

What else do you need to know?

I've heard anywhere from a billion in physical gold to 3 trillion.
Regardless, you're right, it's all FIAT.
This charade can't continue much longer, and the longer we delay the inevitable, the worse the crash.

Quote from: Solar on December 25, 2013, 02:36:26 PM
I've heard anywhere from a billion in physical gold to 3 trillion.
Regardless, you're right, it's all FIAT.
This charade can't continue much longer, and the longer we delay the inevitable, the worse the crash.

So the question remains, is there gold in fort knox or not?   If so is there more then an ounce?

Quote from: walkstall on December 25, 2013, 02:44:41 PM
So the question remains, is there gold in fort knox or not?   If so is there more then an ounce?

Is it even real gold?

Quote from: Solar on December 25, 2013, 02:49:54 PM
Is it even real gold?

Fools gold is very cheap replacement. 

Quote from: walkstall on December 25, 2013, 03:29:56 PM
Fools gold is very cheap replacement. 

Gold painted lead is even cheaper....

Quote from: Solar on December 25, 2013, 03:34:24 PM
Gold painted lead is even cheaper....

We need lead for bullets!   

If the dollar collapses to the level being contemplated here then you are better off with dry goods and bullets.

Quote from: Dan on December 25, 2013, 04:36:20 PM
If the dollar collapses to the level being contemplated here then you are better off with dry goods and bullets.

Agree, you can't eat gold...

If the dollar collapses and is replaced with the Amero, (say at 2-1) then gold is very important to have. Not for food. But for wealth preservation when deposits/ pensions get confiscated.

Quote from: TowardLiberty on December 26, 2013, 07:21:31 AM
If the dollar collapses and is replaced with the Amero, (say at 2-1) then gold is very important to have. Not for food. But for wealth preservation when deposits/ pensions get confiscated.

I've heard that, but highly doubt it, because the Amero has to come before the crash, after the fact, no one will gravitate towards another fiat dollar, instead look to stable currencies, or as you say, gold.
But holding gold would be for the long term outlook after things stabilize.

It's the first year after collapse that will be the toughest on everyone and neither gold or bit coin is going to feed the family.

Quote from: Solar on December 26, 2013, 07:28:46 AM
I've heard that, but highly doubt it, because the Amero has to come before the crash, after the fact, no one will gravitate towards another fiat dollar, instead look to stable currencies, or as you say, gold.
But holding gold would be for the long term outlook after things stabilize.

It's the first year after collapse that will be the toughest on everyone and neither gold or bit coin is going to feed the family.

I dont know if it has to happen before....

It is not a matter of people gravitating to it. The way this works is one day your account balance says 1000 dollars, tomorrow it might say 500 Amero.

Just like when FDR confiscated privately held gold. One day people woke up to find they have 1000 dollars of paper when they thought they had gold.

It really wouldn't be logical to do the switch prior to a crisis, for the crisis then would emerge under the new currency. Far better to have the crisis play out under the old money, and then transition to a new money after the haircut and in this fashion the redistribution of wealth can be sold as necessary for a "clean start."

Now I don't argue that one should only be concerned with buying gold. Certainly food, water filtration/ storage, guns/ ammo, and so on are necessary. I am simply speaking about how one should store their money.

Quote from: TowardLiberty on December 26, 2013, 07:36:58 AM
I dont know if it has to happen before....

It is not a matter of people gravitating to it. The way this works is one day your account balance says 1000 dollars, tomorrow it might say 500 Amero.

Just like when FDR confiscated privately held gold. One day people woke up to find they have 1000 dollars of paper when they thought they had gold.

It really wouldn't be logical to do the switch prior to a crisis, for the crisis then would emerge under the new currency. Far better to have the crisis play out under the old money, and then transition to a new money after the haircut and in this fashion the redistribution of wealth can be sold as necessary for a "clean start."

Now I don't argue that one should only be concerned with buying gold. Certainly food, water filtration/ storage, guns/ ammo, and so on are necessary. I am simply speaking about how one should store their money.

I see what you mean and it makes total sense.
But which also begs the question, can they pull it off during revolution? I jest,....kind of.

Quote from: Solar on December 26, 2013, 07:44:52 AM
I see what you mean and it makes total sense.
But which also begs the question, can they pull it off during revolution? I jest,....kind of.

I'd love to test that and see!

But I think everyone is a little too used to living high on the hog...

Well not everyone, but just about.

Quote from: TowardLiberty on December 26, 2013, 07:21:31 AM
If the dollar collapses and is replaced with the Amero, (say at 2-1) then gold is very important to have. Not for food. But for wealth preservation when deposits/ pensions get confiscated.

If the dollar collapses then wealth preservation is going to be a popcorn fart in the wind. If we go under then the global economy craters and governments cease to function in any way we would recognize today. Basically we are talking about the breakdown of civil society. When that happens you will need food to eat and bullets to shoot the f-ers who try to take what you have.