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The Chinese population and government are dumping the worthless paper currencies of the world, which their governments just magic from nowhere, and dumping guilts, and are instead investing in gold. No matter what the price of gold is, one thing is certain, you can't print more of it like Western... More
Added May 17, 2010
Channel News
Duration 2:32 | views 45051
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Recent Comments 137
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Tags chinese china dump dumping currency guilts worthless notes money printing invest investment gold reserves
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Recent Comments (137)
GoldNOpportunities Says:
Welcome to Gold N Opportunities Network where you can protect your life savings, through our currency exchange programs, turning Paper currency into Gold and Silver Money, Bullion and Coins at Direct from the Mint Pricing and in smaller quantities, even a Monthly investment programs for as little as $65 USD or 50 Euro! Come check out our video's to learn more!
zeb120 Says:
wait till ISRAEL takes over the world and controls its oil and money then you will wish you had some gold or canisters of crude oil with u
bweazel Says:
There was a time where people unconcerned with certain things had no ability to change the price of it. Everything in this economy is a bubble, just a question of how inflated each is
bweazel Says:
"But the value of anything is placed on what people consider precious and how scarce it is It's not necessarily determined by how useful it is.." Precisely. A bubble.
bweazel Says:
Exactly! My problem with it exactly. Your average gold bug will complain the markets are manipulated, then turn the other cheek when that manipulation works in favor of gold.
MMAExpertKnower Says:
I saw your page and I understand. I agree that gold really doesn't serve much purpose today with the exception of jewelery. But the value of anything is placed on what people consider precious and how scarce it is It's not necessarily determined by how useful it is.. Another words we decide the price of good by the value we put into it. Like for instance I don't understand ppl buy $100 dollar sneaker when it's not much differnt from a $50 one!It's merely supply and demand and scarcity
bweazel Says:
Haha, why would you say that? Because I don't believe gold is money?
MMAExpertKnower Says:
I think I got a perfect job for you! Burger King!
bweazel Says:
*yawn*
MMAExpertKnower Says:
US has has the largest debt in the world! And as this debt accumulate the price of dollar will go down tremendously due to the confidence lost in the American dollar. Investing in Gold might be smart! Most people who disregard will probably regret in 5-10 years, when the dollar crashes and the price of gold keeps rising substantially!
MMAExpertKnower Says:
I know you typed this comment a year ago, but i think you're the moron who needs to wake up! Gold is for real my friend! It's the currency that's fluctuating up and down and with the increase in debt, dollar will be worth nothing more than toilet paper.. lol~ Gold is natural money! Dollar is becoming just worthless paper! U obviously don't understand the economy that well!
k4n3n1 Says:
still doesn't matter america has the largest gold bullion in its treasury.
MONOPOLY35 Says:
Gold is NOT going to be in a bubble until American gold shops become overcrowded, just like they currently are in China! The American general public naturally buys into manias (bubbles), so when America gets very interested and the gold supply is worth more than the currency supply, only then will gold become a bubble.
JRCrowley Says:
Your comment is so disliked that it reads "This comment has received too many negative votes". Have some humility, you fucking little asshole. :)
bweazel Says:
What's ironic about liking things you like? I never said I agree, but if someone makes a good point that makes me rethink my position, I like it to bring attention to it. Only a zealot like yourself would behave as though you cannot find good points in both arguments.
JRCrowley Says:
Ironically you just liked a video by YTKilledRawdog, who is a strong advocate of precious metals. /watch?v=OPA_dFYIe-c Maybe you finally fuckin woke up from your dumb sleep? :)
120dbdavid Says:
Free gold thats right free gold floating in the asteroid belt
UniverseOffspring Says:
I guess Buddha was a Nazi.
midnightrun7 Says:
I hope China get some rain along with the Western part of the US. I own gold/Silver and tryed to get water out of it... does not grow crops. I think you need Gold/Silver some animals and a farm next to a good supply of water.
zederish Says:
I agree with you UK is in deepshit
kn9ioutom Says:
FOR PAST DECADE GOLD OUTPERFORMED DOW !
Lexman00 Says:
Fiat money has no true value, we should be basing our economies on the worth and efficient use of our resources and stop relying on worthless paper. This is why a resource-based economy must replace global capitalism. Capitalism is a corrupt zero-sum system that eventually breeds greed and concentrates money into the hands of few while making others modern day slaves with outrages dept from idiotic loans and interest. It is not a solution for humanity's long term future. China>USA
chena3 Says:
China is golden
ProtoCaesar Says:
I can live and survive on pigs and vegies (sic), but I don't think I'd last very long if I tried consuming gold in the same manner.
AnjuABCDE Says:
because that lump of metal is yellow, shinny and rare. Gold/Silver has been the standard currency in the past 2000 years. The world may step back 100 years and start trading rare metals again thats why ppl are holding on to gold. But If you want to step back 10 000 years and trade pigs for vegies then so be it.