James Turk : Why gold is money

James Turk opines on the current gold market.gold and silver is super undervalued. We went off the gold standard in 1971 to go to the oil standard.Kissinger made a deal with the Middle East, we would buy their oil if they would buy our treasuries. There was one main caveat...world oil must be purchased in DOLLARS only. That's why America did it....to save the DOLLAR by attaching it to OIL.Go on Ben Bernanke .print, print, print! There is NO WAY mathematically the US can repay its debt. The hard maths dictate that aside from outright default, the US has no alternative but to continue the Ponzi scheme. 'Crouch and cover'. we are being taxed up to our eyeballs:Accounts Receivable Tax Building Permit Tax Capital Gains Tax CDL License Tax Cigarette Tax Corporate Income Tax Court Fines (indirect taxes) Dog License Tax Federal Income Tax Federal Unemployment Tax (FUTA) Fishing License Tax Food License Tax Fuel Permit Tax Gasoline Tax (42 cents per gallon) Hunting License Tax Inheritance Tax Interest Expense (tax on the money) Inventory Tax I School Tax Septic Permit Tax Service Charge Taxes Social Security Tax

Gold is The only Money says Michael Ruppert

Gold is The only Money says Michael Ruppert , it has alays been since 6000 years ago and people will always turn to gold when the SHTF


gold is money based on the price of crude oil from 1950 to 2010.Money retains is value. Dollars, on the other hand, don't retain their value because Ben Bernanke is printing them like crazy.The US only has about 260 million ounces of gold.

At today's price, that only covers about $260B of debt.

The US national debt is more than $5T foreign debt, $5T domestic debt.

Thus the 260M oz of gold has to be spread over 5T or 10T not 260B.

Thus gold is worth much more than a few thousand dollars.

Going to the gold standard would be a massive transfer of wealth to gold holders and impoverish dollar holders.Nixon took the US off of Bretton Woods to save the last third, which is easy to see would be in the range of 250 million ounces.

Greenspan testified to Congress that the US does not trade in gold anymore.it's time for people to consider who they are as people and what they value as Americans.

It's time for people to stop identifying themselves by a political party.

it's time for people to prioritize and decide what is most important in their lives

the time to support Ron Pall has passed, and protecting Schiff would be like trolling the internet.

economically, farmers and those who know how to farm will be better off than everyone else.

The USD will soon be the new peso! OLÉ!

Marc Faber : Gold is not in a bubble

Marc Faber : " ...In Gold and Silver Terms   the dow jones over the last ten years has already lost over more than 80% of its value. and yesterday, my friend frank holmes was on cnbc, and i don't know remember if it was you or somebody else, but the two interviews were kind of ridiculing him, telling him that gold was a bubble and so forth. i just came now from a conference. there were over 200 people here in Singapore. i asked the audiences, fund managers, you would imagine that they are intelligent. i asked them who of you has personally more than 5% of their assets in gold. not one person lifted their hand. not one. if it were a bubble, a lot of people would have gold. the whole world would be trading gold 24 hours a day. but i don't think it's really a bubble. i think maybe gold is cheaper today than it was in 1999 when it was at $252. "