Posts Tagged ‘bullion’
http://www.donharrold.net
Something ain’t right in them there hills.
Duration : 0:5:23
Go to http://www.goldiac.com/ to open a free gold storage account.
The gold standard is a monetary system in which a region’s common media of exchange are paper notes that are normally freely convertible into pre-set, fixed quantities of gold. The gold standard is not currently used by any government, having been replaced completely by fiat currency, and private currencies backed by gold are rare.
Gold standards should not be confused with their historical predecessor, “gold-coin standards”, wherein taxes are payable in either gold coins or overvalued, government-minted and less expensive coins.[citation needed]
The main purpose of either government money system has historically been to provide seigniorage, or money-creation profit, to governmental leaders in order to provide them with general purchasing power during emergencies, especially those leaders who are legislatively constrained and therefore unable to raise taxes in order to execute the defense commitments that are required for the survival of their states.
Go to http://www.goldiac.com/ to open a free gold storage account.
Gold standards replaced gold-coin standards in the 17th-19th centuries in the West as the extent of defensive warfare expanded to where the gold-coin standards were no longer sufficient to the task. A similar history generated a gold standard in China from the 9th through the early 17th century. As gold standards have created deflationary periods they have been abandoned, as by President Roosevelt during the Great Depression.
RON PAUL
Ronald Ernest Paul (born August 20, 1935) is a Republican United States Congressman, physician, and bestselling author from Lake Jackson, Texas. He is regularly featured on CNN and other US News outlets, and has a large base of supporters often called the “Ron Paul Revolution.” He is also the founder of the Campaign for Liberty.
Originally from the Green Tree suburb of Pittsburgh, Pennsylvania, he graduated from Gettysburg College in 1957, then studied at Duke University School of Medicine; after his 1961 graduation and a residency in obstetrics and gynecology, he became a U.S. Air Force flight surgeon, serving outside the Vietnam War zone. He represented Texas districts in the U.S. House of Representatives (19761977, 19791985, and 1997present). and entered the 1988 presidential election, running as the Libertarian nominee while remaining a registered Republican. He placed a distant third. He was a candidate in the 2008 Republican presidential primaries, where he was placed fourth, and refused to endorse the candidate chosen by the 2008 Republican National Convention, John McCain.
Paul has been described as conservative, Constitutionalist, and libertarian.[2] He advocates a foreign policy of non-intervention, having voted against actions such as the Iraq War Resolution, but in favor of force against terrorists in Afghanistan. He favors withdrawal from the North Atlantic Treaty Organization and the United Nations, citing the dangers of foreign entanglements to national sovereignty. Having pledged never to raise taxes, he has long advocated ending the federal income tax, scaling back government spending, abolishing most federal agencies, and removing military bases and troops from foreign soil; he favors hard money and opposes the Federal Reserve. He also opposes the Patriot Act, the federal War on Drugs, No Child Left Behind, and gun regulation. Paul is strongly pro-life and has introduced bills to negate Roe v. Wade, as he believes the Supreme Court has usurped each state’s right to allow, regulate, or ban abortion.[3]
His book, The Revolution: A Manifesto, became a bestseller immediately upon release[4] and went on to be #1 on the New York Times nonfiction best sellers list.
Duration : 0:10:59
Are Gold and Silver a GREAT investment? If so, for what time frame…in the short, medium or long term.
Is gold investing all about timing? And will a time like the early 80s when Gold and Silver crash come again?
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Many believe that We all know that we are at the stage where ALL governments around the world are printing fiat money to such an extent that Gold and Silver have nowhere to go but up.
However, my question to you all is…what will this world be IF and WHEN there is a collapse in fiat money? How will we go about our daily lives? Will gold and silver be the new medium of exchange? Will it be safe to trade in gold and silver if only 1-3% have enough to trade?
Your comments will be greatly appreciated!
Duration : 0:9:24
The price of gold has gone through more record highs in recent months than Amy Winehouse in a Camden pub lavatory.
We think there's no reason why it shouldn't continue. After all, it's all so pretty.
Duration : 3 min 47 sec
James Turk is Founder and Chairman of Gold Money. Mr. Turk has specialized in international banking, finance and investments since graduating in 1969 from George Washington University with a B.A. degree in International Economics. His business career began at The Chase Manhattan Bank (now JP Morgan Chase Bank), which included ignments in Thailand, the Philippines and Hong Kong. He subsequently joined the investment and trading company of a prominent precious metals trader based in Greenwich, Connecticut. He moved to the United Arab Emirates in December 1983 to be appointed Manager of the Commodity Department of the Abu Dhabi Investment Authority, a position he held until resigning in 1987.
Duration : 0:5:3
James Turk is Founder and Chairman of Gold Money. Mr. Turk has specialized in international banking, finance and investments since graduating in 1969 from George Washington University with a B.A. degree in International Economics. His business career began at The Chase Manhattan Bank (now JP Morgan Chase Bank), which included ignments in Thailand, the Philippines and Hong Kong. He subsequently joined the investment and trading company of a prominent precious metals trader based in Greenwich, Connecticut. He moved to the United Arab Emirates in December 1983 to be appointed Manager of the Commodity Department of the Abu Dhabi Investment Authority, a position he held until resigning in 1987.
Duration : 0:10:1