Easily convertible into dollars, euros, yen, etc.
Accepted as a unit and store of value worldwide.
Nothing else like it.
What the world will rush to when dollars no longer are the world's reserve currency.
Hmmm....
I would like to welcome you to this latest event in the IMF's Economic Forum Series, entitled "One World, One Currency: Destination or Delusion?"
"Gold would be an anchor that would be good and would be effective provided you set up an institution for making sure that gold was stable in terms of commodities. You have to have a stabilization authority in order to make gold stable, but gold would be useful if that occurred."
December 12, 2006
Question: Is gold the one-world currency referred to in the Bible?
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We don't need gold "stable" by any fascist world "organization(s)." We need gold free and unregulated and all these fascist groups from the World Bank to the IMF to central banks to even the Department of the Treasury...totally abolished and destroyed. No prices are stable...prices flucuate with market conditions...including the "price" of commodities vs. gold. What we need is a free market in banking and a de-hoarding of all the gold that governments have stolen and placed in their vaults. Let free banks issue their own money, backed by gold or feathers or wheat or whatever as long as there is no fraud and people are free to choose -- they will choose gold. Greenspan used to know the difference between real money (gold) and phony money (government issued paper and credit). He even wrote, in 1966, the article "Gold and Economic Freedom" which is available from numerous sources on the Internet. Make sure you get a full version of it, as there is at least one abreviated version. Try www.gold-eagle.com or www.fame.org for full versions, if it is still available at those sites. Only the "Austrian" economic school (Ludwig von Mises, Murray Rothbard) has money and human economy right: www.mises.org.
Well... it sure ain't condos!!!
Auction benefits buyers
By MICHAEL POLLICK
michael.pollick@heraldtribune.com
A Tampa Bay condominium converter bailed out of 40 units during the weekend by selling them at absolute auction.
The auction raised $5.9 million through the sale of 40 units, meaning the average price was $147,500. The range was $130,000 to about $200,000.
The developer had been selling the bigger units at the complex, dubbed The Hamptons at Tampa Palms, for $300,000-ish.
"They sold at a discount," said Carl Carter, a spokesman for J.P. King Auction Co., the Alabama company that moved the properties. "It is just a fact of life in the market right now."
The move could be just the beginning of many multi-unit Florida auctions to come, Carter predicted. "Right now we are at the front end of what we think is going to be a surge in condominium auctions," he said.
The slowdown in residential real estate sales is forcing condo developers to seek new alternatives for unloading their units.
"Developers have to face the fact that they either have to get it sold or continue to pay interest and marketing costs," Carter said. "Some of these people are paying a lot in construction loans.
"When you're 12 months into a three-month business plan, it starts hurting."
Nationally, residential real estate auctions are the fastest-growing segment of the U.S. auction business, the National Auctioneers Association says.
Last year, auctioneers sold $14.2 billion worth of homes, up 8.4 percent from a year earlier, the group reports. Full-year 2006 sales will show another strong increase.
The crowd at Saturday's auction included other developers observing the process to see whether they might want to take a similar tack with their inventories.
Bay Communities Real Estate Inc. converted the Hamptons apartment complex into condos during the summer of 2005. There are 315 units at the complex, which is in the New Tampa area north of the University of South Florida.
When an auction house advertises an "absolute auction," the property covered by that phrase in the advertisement must be sold if there are any bids at all, however small.
The auction was advertised as "100 elegant colonial-style condominiums in a gated community -- 40 selling absolute."
That terminology provided the seller the ability to back out of any sales past the first 40, and he apparently did so.
"We basically said we were going to sell 40 of these at absolute auction and another 60 with a reserve," Carter said. "If we had been getting higher prices, we would have put more on the market."
The auction was held under a tent in a parking lot at the Grand Hyatt Hotel in Tampa, and generated a good crowd, Carter said. Auctioneers had more than four bidders for every unit they sold. The 171 registered bidders came from 15 different states.
I think there already is a stablization authority. I read that countries have promised only to release so much to the public per year.
Like houses, market hype drives up the price of Gold and its value is psychological, in my opinion.
You believe the bible?
I don't know why people are so hung up on gold.
There is not enough gold in the world to provide the liquidity needed for currency transactions.
Imagine trying to divide that gold up among 8 billion people. Preposterous.
Even during the end of the Robber Barron era, there were boom and bust cycles related to the unavailability of gold. There was no central bank during that time.
A mix of Gold, Silver, and other precious metals would make far more sense than a single gold standard.
The kWh idea is really good but they're hard to store.
I don't care what anybody say's.
Grab a gold coin(Sovereign, Krugerrand etc). Hold in your hand. With your other hand hold any fiat money that you think has value (USD, Euros). Tell me that you don't 'feel' the difference.....I sure do.
Anyway. I am waiting for Bernanke to come back from China, and see whether he raises rates or not (when will the next fed announcement be by the way ?).....and hopefully gold will drop in price......I want to buy oh so desperatley.
The Fed better watch it. If they don't raise rates soon, people will very soon enough turn to gold or silver.
If gold was just a 'commodity', as they want us to believe, then it's value (according to it's actual use) would be 10$ and ounce right now.
But it ain't just a commodity is it ?
Keith's first job?
Like gold, credit is a commodity. The difference is that credit is an abstract commodity. What you are purchasing when credit is extended to you is time. The price of that commodity is like any other. It should be priced based upon the capacity of the producer to create it with a built in profit margin. The price should float with market conditions and the borrower’s ability, capacity and willingness to pay the requested price. Price competition (interest rates and fee structures) among the commodity’s producers should be spurred by the educated and discriminating shopper and it should not be managed or connected to a bureaucracy with “good intentions”. Attempting to manage the price of that commodity creates stability initially but ultimately, bubbles (IMHO).
Smug Bastard
I do not believe it is the one world currency because the Bible says that "no one could buy or sell without the mark". Gold would allow people to trade between each other without the mark.
My guess is that the mark is a chip or a authorization code on/in the right hand or forehead in a a new credit based system formulated after the dollar system collapses.
Can you eat gold? Y'all act as if the current physical economy is in good shape and all you have to do is have the money (in what ever form) to purchase food, medical, housing etc.
In a depression it's about who owns all the tangible assets like food production etc.
And that aint any of you.
Gold is Natures(for the atheists)/God's (for the religious) money.
It serves the purpose beautifully....along with silver of course.
Gold is only a store of wealth if other people consider it valuable and are willing to exchange goods for it. It's not perfect, but historically it has fared much better than fiat currencies. It's not possible to print gold.
Its not sufficient to simply have the means of production, or stored tangible goods, you must be able to defend it from marauders such as the gummamint or your hungry neighbors. Being well prepared for a downturn might help, but if things are bad enough, it might not help as much as you think.
Still, if the the banking system falls down, goes boom, having a year's worth of food and water, ammo, and a supply of precious metals to barter with is better than nothing. If things reach a state of total anarchy, and all I've got is my pack of stuff, my gun, and not nearly enough ammo, I might not be better off than Joe 6 pack, who has abandoned his McMansion and his 3 million dollars in debt, but still has a pack of stuff, and a gun.
Perhaps the price of gold is more a measurement of the value of fiat currency.
Marauders? You mean like the criminal invading mexican savages? Or maybe the violent urban africans? These people will definatly fit the description in your downturn scenario.
Keith,
Gold is going down! Time for
you to bottle out. Sell! Sell!
Its crashing again! HAHAHAHA
You refering to "They shall neither buy nor sell without the mark of the beast?" Some think the Euro, other's an actual mark like a bar code so electronic money. Money as an object seems to becoming an artifact like the covered wagon. Most transactions in the world today are electronic and most money (fiat or otherwise) is a number on an electronic ledger.
One reason that the money supply multiplies is it is no longer linked to a commodity like paper or gold (not the posters reference to trying to divide up all the gold in the world among 6 billion people, wouldn't really have enought for a wedding ring). Money that isn't real (visible) isn't concievable to most. What is $100, $1000, $100,000 when it is a number. You get numb to the reality. Look at Californians who see a 800 sq ft dump in the ghetto for $400,000 and say, "Wow, what a bargain" because they are comparing it to another dump somewhere else for $800,000 so in their minds, the value of that $$ amount is linked with what they see visually. Another reason they visit say Phoenix and see a 3000 sq ft McMansion for $400,000 and go, "Wow, things are so cheap here."
Like a credit card for most, they money they owe doesn't seem real, only the money they pay out each month seems real. If you spend $100 on credit it doesn't have the same emotional or visual impact as pulling out five $20s.
Gold is not the one-world currency refrerred to in the Bible.
With the fall of the dollar its maybe a good way to get piad in gold
Elisia
Psst: HEY KEITH!!!
Iran president says Israel's days are numbered
Iranian President Mahmoud Ahmadinejad on Tuesday told delegates at an international conference questioning the Holocaust that Israel's days were numbered.
http://tinyurl.com/yxlfxj
Casey serin was found passed out and naked within his new car in a shady part of downtown sacramento.Police found cocaine and meth within the car.He is in custody of authorities and bail set at 500000.He needs help.Please visit his blog so he can afford a xmas gift for his lonely wife.
"How is gold any different from paper or fiat money?"
The main attraction of gold is that the government can't create it at will. Therefore you don't have distortions of the economy (like housing bubbles) created by the government trying to inject newly created money at what appear to be the most advantageous places.
At best, you end up with malinvestments that later have to be liquidated. At worst, you end up with a two-tier society in which pigs shove their way to the front of the inflation trough, eating all the best stuff and then turning around and shitting in it before it goes downstream to everyone else.
The Fed statement is out: "Go ahead and torch the dollar, we're a bunch of pussies and don't have the sack to defend it. Kathleen Hays gives us the business end of a strap-on every night, and we love it. Except Lacker, who hates America and who voted for a 1/4 increase - again. Expect him to go 'hunting with Cheney' soon."
Ever EAT gold?
Can anyone explain if a 30 year interest only loan is a better choice than a 30 year fixed? We would put @400k down and borrow @200k. Our thought is you can pay on principal also, to bring down interest payments owed. Thanks.
JJ
"Ever EAT gold?"
Ever eat dollars?
OTOH, dollars ARE better for wiping your ass.
"Its not sufficient to simply have the means of production, or stored tangible goods, you must be able to defend it from marauders such as the gummamint or your hungry neighbors. Being well prepared for a downturn might help, but if things are bad enough, it might not help as much as you think."
Very true, and a subject that doesn't get enough attention in these discussions IMO. A thread where people can post resources for formulating an exit plan would be great.
This guy (http://www.bankrate.com/brm/news/bank/20010227a.asp)
runs a company that helps people set up accounts in Switzerland, but I don't know of anyone who's done business with him. Asset protection for people with less than 7 figures isn't likely to be a booming business when those people would rather just pretend they HAVE 7 figures.
Fed holds steady, Lacker dissents again
Bernanke and Co. keep short-term target at 5.25% for fourth straight meeting as calls mount on Wall Street for cut.
Bye bye USD......time to buy some gold.
Bernake is an idiot.
To all the people who say "Ya can't eat gold".
Can you eat Mona Lisas, ferraris, or $1 bills?
You probably could, but why would you?
You can eat wheat, but would you want to carry a CWT (hundredweight) sack of it to the corner shop in exchange for a pack of fags and a sunday paper?
You are quoting the Book of Revealations now? Whatever happened to 'ye shall not know the hour nor the day'?
Now that gold is so easy to buy (thanks to GLD) even the shoe-shine guy can buy it. In other words, get ready for a rocket to the moon
>>Ever EAT gold?"
>>Ever eat dollars?
>>OTOH, dollars ARE better for wiping your ass.
Dollars burn better.
Patienctly waiting for Dick to inform us why it is bad to invest in gold and how Jews are behind it all.
The one world currency will not be gold. It will be electronic transfers of money which noone will have access to unless they have the mark of the beast "whose number is 666". This can be found in the book of Revelation.
Hey, I am heavily vested in gold. I won't tell you the jews are behind that (well, the illegal futures market rigging is mostly them I'm sure lol).
You are quoting the Book of Revealations now? Whatever happened to 'ye shall not know the hour nor the day'?
That is not from Revelation--it's from Matthew 24:36.
And right before that, Jesus tells them that they can know the season, in vs. 34-35:
Now learn this lesson from the fig tree: As soon as its twigs get tender and its leaves come out, you know that summer is near. Even so, when you see all these things, you know that it is near, right at the door.[NIV]
"It's not possible to print gold."
really? i've seen some nice gold plastic that is just as beautiful.
gold is fools gold. it has hardly any use.
i've never understood the arguments here. mostly, gold is going up, i'm buying tons of it and it's gonna be worth $xxxx.xx an ounce this time next year! well you're still valuing it based on the dollar, so in your own argument the dollar is still worth something.
diamonds are where it's at!
actually, people eat gold all the time. then again, people will eat up just about anything. kind of like dogs, only dogs probably wouldn't eat gold. the guns and gold mentality will get you killed alot quicker than usefullness and cooperation when the shit hits the fan, but it makes your weener appear much larger than it actually is.
Do not aquire gold, or silver, or copper for your money belts....
Matt 10:9
I do not think a one-world currency is mentioned in the Bible.
What is, is no one will be able to buy or sell without 'the mark'!
"the guns and gold mentality will get you killed alot quicker than usefullness and cooperation when the shit hits the fan, but it makes your weener appear much larger than it actually is."
I don't plan on taking up arms and battling the hordes as they riot in the streets demanding that the government steal (even more) from others and dole it out to them (just as it did with the housing bubble). I hope to watch from a safe distance and not worry too much about my penis size.
Come now, you rich, weep and howl for your miseries which are coming upon you.
Your riches have rotted and your garments have become moth-eaten.
Your gold and your silver have rusted; and their rust will be a witness against you and will consume your flesh like fire. It is in the 'last days' that you have stored up your treasure!
James 5:1-3 NASB
Good stuff!
For the love of money is a root of all sorts of evil, and some by longing for it have wandered away from the faith and pierced themselves with many griefs!
I Tim. 6:10
Nope. Don't think so.
I'm starting the think the Muslims are right about interest being evil. Here's why. Money is the hydraulic fluid of the economy it lets energy, consumption and production move around. However, it has become a commodity in itself. The people who specialize in that commodity learn to handle it well and are able to make the most of it. However, it is still only supposed to be a mobile substitute for production. The bankers are the first beneficiaries of new money created out of thin air by the Fed. If people would stop chasing money ONLY and barter whenever possible the money people would eventually lose the iron grip they have on our psyches.
Gold? Silver? Really just about any commodity that isn't produced primarily in the U.S. can be a haven for failing currency. I'd be investing in land if it wasn't so overpriced right now, as it is, silver seems to be the best for me since silver has more industrial uses than gold.
If gold isn't valuable, why does the U.S. need a fortress to protect its stash? Hmmm?
I keep lots of Kilowatts in my super conducting wallet.
the truth is out there:
http://www.youtube.com/watch?v=GbPetrK_6Lc
"Rev 13:16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads
Rev 13:17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name."
These two verses seem to me like they are implying that eventually the world will have one global currency. With the current technology it will most likely be an electronic currency. I've read articles that technology is already available to allow a person to insert a chip under his/her skin. The chip is a bit smaller than a grain of rice and it can communicate with the outside wirelessly. The problem is the people are not ready and there is no way to assure that someone my not try to steal your currency and other information from the chip by hacking into it wirelessly as you are driving/walking down the street. (I just remembered, in the article the chip was going to be used to store medical information and marketed at the elderly.)
“Rev 13:18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is 666.”
And the verse above implies that one needs to calculate or figure-out the number 666. It could be that “he – the beast” will be a six child in the family, born in the sixth month on the six date of the month and so on.
read'em and weep TINY-ized:
http://tinyurl.com/y26ndb
gold is heavily guarded in Fort Knox as an illusion to wealth my dear friends. the fort is empty. no gold no value no backing of the dollar.
trafiiconte the politico withthe funny hair peice said in congressional record before being jailed something along the lines that we are bankrupt annd all our 'resources" (national parks, socoal security numbers) have been pledged as the new "backing".
Anonymous said...
"Ever EAT gold?"
No, but thanks to my skillful dentist I chew on it all the time.
I prefer to keep my spare fed notes in the john where they belong.
"Is gold the one-world currency referred to in the Bible?"
You're kidding, right?
hey keith, how does this article fit into your current beliefs?
www.worldslastchance.com
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