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Gold
Discuss anything GOLD related here, bullion, rounds, coins, numismatics, allocated accounts etc
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Latest Forum Posts
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By Hidden (Premium Content) · Posted
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US debt clock https://www.usdebtclock.org/ and you can see how the debt is increasing (top left) and how much is coming back in the way of taxes (top middle/right) and other data such as where its being spent by the treasury/government. It's all a balance, you could add another three zeros to each figure and ... its still overall the same balance. What matters if spending is too large/fast, or not fast enough ...etc. Gold in contrast is a non fiat commodity currency, worth its weight. A one ounce gold coin might have bought a Roman soldier a nice suit just as it might buy a modern day man a nice suit. -
By Hidden (Premium Content) · Posted
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By SilverGlutton · Posted
Gotta love this coin. I should be ever so fortunate to have one of these in my collection. 😏 -
By Hidden (Premium Content) · Posted
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By sellerstacker · Posted
I would prefer the 1860s. That said open to what is available. -
A state creates its currency by printing it. In effect a 0% coupon undated bond (note). It's passed around, repeatedly taxed so it ends up back at the treasury and re-spent again. Fiat money is debt (credit). JP Morgan said that gold is money, everything else is credit. With gold as money the coin is worth its weight (isn't a debt (credit)). So all fiat currencies are debt. Where central banks tend to hold other countries currencies (debt) for diversity (if their own currency weakens they can settle international trade settlements in other currencies). When the US prints/spends, attempts to export inflation onto others, so others will print and buy more US debt (treasury's) to negate that otherwise loss. Lockstep of sorts, where (US) debt is typically increased at around a 6% yearly rate, so recent apparent huge debts are ... normal. Its a exponential function. Debt to GDP and deficit (importing more than exporting) are the more critical measures. Japan gets away with debt to GDP of 300%+ as much of what its treasury issues its central bank prints Yen and buys. More a case of a internal debt, as though a family had one member in £10,000 debt to another, just a internal money redistribution matter. Or for a better explanation as Gruff posted the other day, from the man that works for Biden https://content.invisioncic.com/l328053/monthly_2024_05/twittervid.com_LawrenceLepard_33b0b2.mp4.7263460e4d0d5b01816835577b8d0c26.mp4
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By SilverGlutton · Posted
Would of given it a super like but I don't have the means at the moment but I must say I sure am envious and thanks for the heads up as well. I'm sure many would agree including I when you say worth every penny. 🙂 -
By TheSilverForum · Posted
This trade topic has been automatically closed as it is older than 30 days old. If your item is still for sale or your wanted listing is still valid, please submit a new listing.
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