Mike Maloney on Keiser Report

Discussion in 'Markets & Economies' started by Clawhammer, Sep 4, 2011.

  1. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Clawhammer, Sep 4, 2011
    #1
  2. TheBullionBoss

    TheBullionBoss Member

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    brb going to buy a couple of kilos of gold
     
    TheBullionBoss, Sep 4, 2011
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  3. goldpanner

    goldpanner New Member

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    I can't see a gold standard ever being implemented if what he says is true - $10,000 an ounce just to cover money held by central banks but $203000 an ounce gold if it covered all money!
    They will come up with some other scheme.
    Whatever happens gold will always be regarded as a safe haven anyway!
     
    goldpanner, Sep 4, 2011
    #3
  4. Midnight Man

    Midnight Man Member Silver Stacker

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    Gold and silver standard.

    Gold backing higher denomination currency (e.g. $100 and $500 notes - yeah, they'll make 'em). Silver backing the rest.

    Leads to a fixed GSR ratio, and a known, fixed price for both metals.

    If adopted, expect both to be worth significantly more than they are now.

    Also, you forget that you speak of USD. We might be talking the New US Dollar, "traded" at a 1:10 or 1:100 ratio. So, if 1:100 - then the price of gold to match all currency is $2,030. Not unimaginable, eh?
     
    Midnight Man, Sep 4, 2011
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  5. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    i'm not sure you understood how this works?

    If they pulled a new dollar out their ass whch was worth say 1:10 the value of the current USD, then i'm afraid that gold will be 100 000 "new dollars" per ounce (as opposed to $10 000 USD/Oz)

    savvee??
     
    Yippe-Ki-Ya, Sep 4, 2011
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  6. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    Just love it GP!! :lol: thanks
     
    Yippe-Ki-Ya, Sep 4, 2011
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  7. Wout

    Wout New Member

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    keep dreaming imo, aim for $5000 an ounce and be realistic, the central banks have total control, whatever happens is what they will want to happen, were too long gone now for people to wake up. its very sad but true
     
    Wout, Sep 4, 2011
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  8. 2x2

    2x2 New Member

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    A little bit OT, but I see Max Keiser has a voting system up to get him to appear wherever demand is high. I'm sure he'd be up for a sojourn in Australia, and Melb/Syd/Bris are all scoring well.

    Let's try to get him out here. Sydney is central and JetStar flights are cheap.
     
    2x2, Sep 5, 2011
    #8
  9. boneyard

    boneyard Well-Known Member Silver Stacker

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    2x2 Welcome.................
    Your not Stacey Herbert in disguise looking for an Aussie holiday ??????
     
    boneyard, Sep 5, 2011
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  10. 2x2

    2x2 New Member

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    heee.. heee. Ask me about global warming and you won't mix us up!

    thanks for the welcome.
     
    2x2, Sep 5, 2011
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