NSFW Anon Archived Once the American public get their pay checks and noticed an increase, do you really think they want to go back to the the way it was? (QRV)
submitted ago by 3967124?
Posted by: 3967124?
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Archived on: 11/8/2020 10:00:00 AM
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NSFW Anon Archived Once the American public get their pay checks and noticed an increase, do you really think they want to go back to the the way it was? (QRV)
submitted ago by 3967124?
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[–] 25105721? ago
well at least you understand some of the moving pieces, the rest of voat has serious economic issues. if we inflate the debt away we are looking at 50k/oz gold, get ready lol.
[–] 25105950? 0 points 2 points 2 points (+2|-0) ago (edited ago)
Only if you price gold in the hyper inflated currency. Gold doesn’t inflate, only currencies in relation to gold. Gold is the best asset to have in a reset, in theory. The problem is no one knows what the reset will look like yet. US government confiscated gold from the people so they could reprice it. Don’t think that can happen again? Gold doesn’t bode well if can’t sell it.
[–] 25106026? 0 points 2 points 2 points (+2|-0) ago
Gold can be traded directly for goods or services, no need to exchange for worthless paper. And it can be done outside the financial system, just like cash. And FDR only siezed the gold that was IN THE BANK already, people still ecchanged gold with each other during those 30-40 years it was "banned." just like they still exchanged cannabis when it was illegal, or liquor when that was illegal.
[–] 25114125? 0 points 1 point 1 point (+1|-0) ago
I think the price of Gold will be 50k/oz in todays money. With inflation it will be much higher.