Home Forums Hunting & Shooting Hunter's Campfire Fort Knox is Empty (the Gold's Missing)...

yes if gold were to vanish tomorrow life would continue on.

folks, trust me. if we had no gold where we be? why, we'd be right here of course.

gold helps us, wen put into use. when it sits in a vault with armed guards, it means next to nothing.

if we could increase the output of the Earth, what would we do next? i mean 9 billion people, eating the Earth. how should we organize such?

Oy vey!

I disagree as you presuppose that without gold society and the world would have progressed in the same manner. This is simply not true. Remove modern medicine and electronics and the world today is a much different place.

And fyi it is the value of the gold that allows it to sit in a vault. People use it for many applications and it is hard to obtain. Thus it is better to have a supply on hand when someone wants to buy than to have to go out explore, dig, mine, extract, and refine instantaneously. Simple economics and logic.

But do carry on...

humans attempting to eat the Earth in an orderly manner.

we're pushing toward 9 billion people. that's not a problem is it?

would i swap a pound of gold for a loaf of bread? why, i think i might?

Never mind that I don't trust the .gov either.

But then again, if there has been no audit, how do you know if we do or do not have gold?

Who is THEY? That we always refer to?

Well said, but wasted on Gus.

Great. Send me a pound of gold and I'll send you two loaves of bread.

This made me laugh

Right, the government isn't actually "we." The government has long ago become a mere component of the state that rules us. The state is the descendent of the first band of brigands who ever came upon an agriculturally based society and demanded regular tribute so that they and their friends may live a life of ease, comfort, luxury, and power. Those who paid the tribute didn't consider themselves part of the "we" that ruled them. They understood, rather, that the state was their victimizer, i.e., it was a "them," not a "we."

The Founding Fathers attempted to do something revolutionary, i.e., impose law on the state such that it was forced to exist in the service of We The People, rather than the service of itself and a small group of associates. This experiment was undermined long ago, however, and the mechanisms of government created by the Founders to apply law to the state have largely been subverted by the rulers of the state and turned to their own purposes.

It once meant our money was worth something, Gus.

Boys, all you can make with gold is BBs. The emerging standard is lead.

Expound, please, DD.

But Glenn beck says to pray about it, then buy some

I'm praying I can make enough buy some more.

The true worth of a dog, or gold, can only be determined when it is sold, and the "worth" that is established at that point in time has validity ONLY for the two persons or entities involved in the transaction.

If I price a dog at a hundred dollars, and you offer fifty dollars, its worth is somewhere between the two numbers. Persons other than you or me are unaffected by our transaction, or lack of a transaction.

If paper currency becomes worthless, gold will be worthless as
well other than it's value in manufacturing.

IOW..... I care not if .gov has a bunch of gold, or no gold.

I ain't buying or selling it.

That may be the best thing to do. Only time will tell if you or TRH are correct.

If our dollar becomes worthless, gold may become more valuable on the world markets than it now is.

who's going to allow our dollar to become worthless, ya know?

.g been allowing it as far as I know, and as long as I can remember.

.
The United States has been OFF of the Gold Standard since June 5, 1933, when the great demoncrat FDR signed legislation removing us from the gold standard! All Nixon did was legalize American ownership of gold with the law he signed!