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Breaking News Home | All | Religion | Society | Tech | Choice | Fridays | SA Newsroom
FRONT PAGE  |  8/18/2017
TUESDAY, JUL 19, 2011  |  2 comments
Gold price hits record at $1,600 on debt uncertainty
The price of gold jumped above $1,600 (£1,000) an ounce for the

first time as debt worries in the US and Europe continued to trouble investors.

The precious metal rose $12.30 to settle at $1,602 an ounce in London trading.

Gold is considered a safe investment and usually gains at times of global economic uncertainty. ...


CLICK HERE to Read Entire Article
www.bbc.co.uk

Response to economic crisis?
  START  
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· Page 1 ·  Found: 2 user comment(s)
News Item7/19/11 11:53 AM
jpw  Find all comments by jpw
for those who had fiat money, they were able to convert it to gold and silver, and will hold the value that is being lost on the paper run.

heirloom seeds---even more precious.

in the last depression, many had access to small farming, small gardens. this depression people will be waiting for their paper to make magic for them. with food quality and quanity diminishing. and open admission that all foods will be grown through superhuge genetically modified food markets becuase the world is over populated (hint: the world's population can be controlled by foods that make them sick and sterile)

even the church is thinking this. and their donations, their investments in fiat money, they think, will sustain them.

we are in fundamentally changing times.

Joseph was given dreams by the Lord of coming famine and was able to save food for the land. Today, we face a depression with occasional "jobless recoveries" (you get it???), and the church still scoffs at the simple growing of food---waiting for the electronic market based on nothing to turn around.

2

News Item7/19/11 11:45 AM
Mike | PA  Find all comments by Mike
"Gold is considered a safe investment and usually gains at times of global economic uncertainty. ..."

Yes. But according to the Fed, gold is not real money...HA (only paper is?? or digits on a computer??) Now THATS real money! Are we supposed to believe this?

Why is the UNITED STATES BORROWING money and paying interest to a private central banking system at all? In 1913 Congress allowed us to become economic slaves through a debt- based fiat currency monetary policy that is doomed to fail.
Just look at the situation in Washington DC where they are debating raising our DEBT AGAIN. Americans know that we do not need more debt, but many of the elected officials love the easy money and the control of it back to their districs.

The REAL answer to this is a return to a constitutional-sized government.
DOWNSIZE DC

1
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