The Price of Gold: Does It Matter?

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Jim Mathias
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Re: The Price of Gold: Does It Matter?

Post by Jim Mathias » Sun Jan 12, 2020 8:50 am

Wade Hampton III wrote:
Sat Jan 11, 2020 3:11 pm
Wade speculates: "The status quo will be maintained. How, when, and where it will be maintained is the looming question. Gold will not lose its value. Chancellor Hitler made do without it because he found a way to monetize German labor. The same can be done again in a future NS state. It will certainly not relegate gold into a base metal."
Imagine a group of people who do the same, monetizing labor, among themselves on any scale. As long as the term "dollar" isn't used, the concept can be put into place nearly anywhere.
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Colin
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Re: The Price of Gold: Does It Matter?

Post by Colin » Sun Jan 12, 2020 12:27 pm

Jim Mathias wrote:
Sun Jan 12, 2020 8:50 am
Wade Hampton III wrote:
Sat Jan 11, 2020 3:11 pm
Wade speculates: "The status quo will be maintained. How, when, and where it will be maintained is the looming question. Gold will not lose its value. Chancellor Hitler made do without it because he found a way to monetize German labor. The same can be done again in a future NS state. It will certainly not relegate gold into a base metal."
Imagine a group of people who do the same, monetizing labor, among themselves on any scale. As long as the term "dollar" isn't used, the concept can be put into place nearly anywhere.

We have a barter network here. You get listed as to what service or product you offer, and then just trade for what you need that others on the network have. I have also met a few like minded people through the network.

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Wade Hampton III
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Re: The Price of Gold: Does It Matter?

Post by Wade Hampton III » Thu Jan 23, 2020 10:19 am

All currencies are worth what you can buy with them
(i.e. their purchasing power). If there's nothing you
can buy (trade for) with a given currency, that currency
has no value beyond its physical makeup (e.g. paper).

Gold is a commodity, one among many; valuable because
it has some uses, folks think that it is pretty, and
it was historically used as a currency. It is not a
currency now - the only thing you can trade gold for
is other currency. A Gold Standard currency merely
means that you can at any time exchange whatever
currency you hold for some (usually fixed ratio)
amount of gold. An implication of this is that
your money supply must match your gold supply.

Life gets interesting if your gold supply (and
thus money supply) does not (or cannot) grow
in proportion to your nation's economic growth ...
which is really the basis for the value of your
currency (what you can buy with it). Leverage
on a gold supply is also very dangerous - we
saw the damage that excessive leverage can (and
did) do in the 2008 Financial Crisis, and that
didn't even involve gold. This is why no modern
economy is on the gold standard for its currency.

A "Fiat" Currency is worth what the Jewish
Central Bank says it's worth, usually backed
in law by the Jews who control the central
government. In order for this to work in
practice, the central bank has to measure the
economy as best it can, and try and make the money
supply match. It's very tricky, but so long as they
get that more or less correct, you'll have a functional
currency (everyone conducts commerce (i.e. trade) with
it). If the central bank doesn't get it perfectly
right, you get deflation or inflation, ... or if
they really screw up, hyperinflation.

Jews and their Shabboz Goys are generally liars.
Some people don't like the thought of the "government"
(i.e. the Jewish bankers) being able to lie about
the value (purchasing power) of money, which is what
attracts them to the notion of a gold standard currency
- you can always open the vaults where the gold is held,
and easily check (count the bars of gold, and then, one
presumes, execute the lying Jews in the public square for
having been caught lying about the value of the nation's
currency. People get very testy about money, and rightly
so).

Most often, Jewish lies lies about the value of money tend
towards overvaluation (saying it's worth more than it
actually is). The thing is, the lies can't be too flagrant.
If they are, inflation becomes apparent in the prices that
everyone pays every day, and people stop accepting the
currency (or they get rid of it for some more stable asset
as quickly as possible). This sort of thing can collapse
your economy; there are many historical examples, the most
recent being the ongoing hyperinflation and economic collapse
of Venezuela, and right behind that - formerly Rhodesia...
...now known as Negro-controlled Zimbabwe. Or it can just be
really bad, as it was in Brazil before they corrected
themselves.

Thus do all the people have a vote in the value of any
currency: by their propensity to accept it in trade. The
"gold bugs" see this check on the value of currency as
being too nebulous, insufficiently explicit, or just
untrustworthy, which is why they keep on advocating for
the gold standard.
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