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When the euro rates are also 0% there won't be any paper left that pays interest. When paper pays less than the risk of debasement, its time to own metal.

Not a snowballs chance in hell

Deflation is when everyone is getting pay cuts. CHECK Deflation is when those who still have jobs are in fear of losing them. CHECK Deflation is when revenues are dropping. CHECK Deflation is when prices are dropping because nobody wants to buy or can buy. CHECK Gold sure did...

The government is replacing the people as borrower and spender of last resort. The Fed's new "quantitative easing" program ensures this..

*OR* the Fed prints money and the Government borrows it, and finds ways to hand it out so that the idiotic consumption binge can continue till US dollars are no longer wanted as currency by the rest of the world. Which do you think it will be?

And then you will have a bunch of paper promises for more paper promises from the Fed, backed by the "full Faith and credit" of something or other (probably more empty promises), and the willingness of Americans to pay double the current tax rates. "Paper is poverty" Sell your gold and go...

If we are in a deflationary contraction, which I believe we are, why is gold rising? How does the debt unwind? Looks to me like its still increasing at an evermore alarming rate.

-4% would be a more reasonable expectation. Why? If sales are down 4% and the idiotic measure you are using is 77% consumer spending, then it stands to reason that the overall number won't be too far from there. Why is consumer spending included, anyway? We should be concentrating on...

Gold would have been over $1000 by now if it was goinfg to default. The thing to watch is how low the inventory avail for the next delivery gets, because once the sharks smell blood there will be a feeding frenzy.

They've been looking for them for 300 years, and when they foun the gold it sold for many times spot. They are not going to melt it if they find more. You are wasting everyones time typing in the idiotic thread.

Actually, they did find that, and that was the 50,000 coin haul I was talking about. The coins were selling at many times spot value because of their age and rarity, and sold for months on end on ebay. LOL, if they find more of them, I'd expect they'll do the same. It won't affect gold...

If only the dollars you are measuring in weren't increasing in number by 15% per year, the chart would be honest.

Delusions.... Utterly ridiculous that anyone would even think anyone would believe such a tall tale. Those ships were not capable of carrying more than a few tons of gold each, and the risks of sea travel being what they were, nobody would have risked putting a huge amount of gold on any...

HELLO!!! Maybe you don't get my point. PROVE IT!!! Don't give me bullshit about "contact the british government". You chose to be the basher, and I think you painted yourself into a corner with a pack of lies or myths. PROVE IT!!! Here is a shipwreck from india where they...

Ok, lets assume you are a nitwit and not a basher. What was the name of the ship and how many thousands of tons of gold was it carrying? When/where did it go down approximately, ie what year and what ocean? If its over 1000 tons of gold and in bar form, and suitable for delivery (which...

Its total HORSESHIT Always is...

That's absolutely COMICAL!! What was that ship that was found a couple years ago? I've seen the coins on ebay, and for 1 oz coins they were wanting $5000 each and GETTING it!! My guess is you are an EW T/A follower and somebody told you this wave and that, that therefore gold goes to 600...

Then I suggest you hold your breath and wait for it to happen. You don't get it, do you? They are printing paper and digital money with absolute wild abandon, and people are starting to realize that this dilutes the value of that paper. Why is there a shortage of gold coins everywhere...

Is your 50% including VAT taxes and sales taxes or just income tax? Many of us here pay 40% income tax, plus 15% social security and medicare tax, plus 10% sales tax, plus real estate taxes, etc. Beyond that Americans have been and are living beyond their means, we have government that...

Do you feel utterly idiotic yet? Ancient gold... Like that matters... Who is going to melt King Tut's golden mask? Ancient gold, much of it was made into what are now almost priceless objects. What would a Roman gold coin be worth? Ditto for a Spanish coin from the 1500's? Or how...