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Forum - Why are "gold bugs" so certain of economic colapse?

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SabertoothPosted: May 26, 2012 - 11:33
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Level: 0
Going by the threads, the user kevtsa, seems to have complete certainty that we´re heading for a colapse of economy and that gold is a solution.

http://forums.randi.org/showthread.php?t=236541

Does any of what he says makes sense?
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emcadaPosted: May 26, 2012 - 19:35
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Your friendly neighborhood Skeptic

Level: 0
His image looks inaccurate. It's got nice colors but looks really inaccurate
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CyborgJesusPosted: May 27, 2012 - 07:19
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Level: 6
CS Original
Most of the doomers tend to listen to Wall Street's "contrarians", i.e., traders who tend to bet against trends and make money from fear or exuberance. Nothing wrong with that, but it paints a very one-dimensional picture where markets are much more efficient than they typically are, where traders follow structure more than appearance and where governments can do nothing to help.

JREF has a bunch of these guys; afair they've never made any significantly insightful prediction and I don't really expect any of this to change within the near future.
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DamarauderPosted: Jun 09, 2012 - 07:52
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Level: 0
Gold is always a solution to devaluation, at least looking at history of gold value (meassured in oil for example).

The fact an economic collapse is emerging can in my opinion be seen in the fact that China seems to be 'dumping' dollars. Not on the financial markets, but by acquisition of 'solid' goods and commodities and investment in development projects. For example French wine castles, investments in African communities/production facilities (also called soft colonialism) etc.

Although this does not proof an economic collapse will occur, it does show a decrease in dollar-portfolio, which should inevitably lead to more devaluation (apart from the intrinsic devaluation by simply printing too much). This could have serious impact, if only if you look at the collateral in for example the IMF (85% dollars) or most banks (who hold a similar size dollar-portfolio).
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Evil ElvisPosted: Jun 11, 2012 - 09:00
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STFU!

Level: 1
CS Original
seriously, go compete in special olympics. either you're a decent troll or /insert random truther conspiracy theory insult/ - either way it will take a bit more reading before you hit anything original and actually understand it. hugs and kisses.
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DamarauderPosted: Jun 11, 2012 - 09:40
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Level: 0
Great contribution Elvis. What about argumenting your own opinion for once, instead of flaming other people's opinion.
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The Real RoxettePosted: Jun 11, 2012 - 10:39
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There ARE more sluts in public schools. Shut up and let me explain.

Level: 8
CS Original
from all that i've seen the best investment in the economic collapse you can make is by selling books and other stuff on how it's going to happen and how to survive it. funny that all of this worthless paper floating around seems to mean a lot to all of the guys saying it's going to be worthless soon.
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SabertoothPosted: Jun 11, 2012 - 11:03
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Level: 0
Relevant to topic, what do you guys think of this site?

http://www.zerohedge.com/
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