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TJamMoneyMan
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Joined: 11 Nov 2007
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#61 · Posted: 23 Jun 2011 09:00 · Edited by: TJamMoneyMan
FREEBUSINESSES: Your example of fiat money being lost, and can be replaced, yes but at a cost equal to loss, so how is that any different in losing gold?
Losing gold means it is simply no longer available to a country's economy.
It is an intrinsic loss to that country's net worth, if they are using gold as their economic value.
Please explain how there is a "cost equal to loss" in replacing a damaged dollar bill?
Please explain also, why there is no major economy today that is based on gold.
FREEBUSINESSES: no risk as I see it.
FREEBUSINESSES: there is always risk
!!!!!
So, I guess you are kidding!
FREEBUSINESSES: We'll see what the dollar is worth at the end of the year vs. gold and then we can compare notes.
You are not buying gold, but shares in an MLM - check the posts by tmorrison.
Let's see what this MLM is worth at the end of the year.
Cause it ain't worth squat right now!
Put your money where your mouth is:
Invest $1000 in an FDIC account of any type.
And do the same in this wacky MLM.
Then do a comparison!
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TJamMoneyMan
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#62 · Posted: 23 Jun 2011 09:39 · Edited by: TJamMoneyMan
FREEBUSINESSES: Political scare tactics? You have to be kidding, it is the truth that is finally becoming mainstream, not the lies perpetuated by the liberal main stream media.
So there we have it.
The "liberal" mainstream media - bad, vs. the (conservative) "good" mainstream "truth"!
And you don't think it's obvious this is political?
Sarah Palin would be proud of you!
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tmorrison
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#63 · Posted: 23 Jun 2011 19:07 · Edited by: tmorrison
Part of researching is ensuring that you cite your sources. Just a 101 thought.
The Video that I cited provides extensive research by this individual. Maybe you should take a moment to watch and learn. Remaining objective and having an open-mind is key to understanding this material.
Cited video source: http://youtu.be/Q0hHtp6e548
No need to research also when the research has been done.  -
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TJamMoneyMan
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#64 · Posted: 26 Jun 2011 00:41
Research has nothing to do with citing your sources.
Stating facts is what requires that you cite your sources, especially when challenged to do so.
If you want to cite a video, you should cite the SOURCE of the information in the video.
A link just doesn't cut it, as far as citing a source goes.
You don't even cite the author/producer of the vid!
There is always a need to do research, as people with opposing views also do research. You must do research for yourself, if you expect to get to the bottom of things. Or at least form your own opinion.
I have an open mind enough to have done some further research since participating in this thread. As a result, I have been learning a bit about fiat money vs. commodity money. And while there are certainly advantages to commodity monies like gold and silver, there are serious disadvantages as well. There is also the issue of biased self-interest on the part of those who would sell you such commodities.
You, selling gold through your adopted MLM, are obviously biased.
Accept it or not, commodities like gold and silver ultimately have no intrinsic worth whatsoever, other than their applied usages - i.e. electronic and other technological applications, etc.
Their value as money is merely a mutually accepted and agreed upon value.
This is the same worth as fiat money - which is based on the economic and other policies of the nation/society that issues it.
Even commodities of intrinsic value, be it livestock, produce, water or air, really only have conditional value: If you are crossing a desert for example, what value is a pig, compared to water, when you face the possibility of dying of thirst? Yet, in a more stable living situation, with air and water freely available, livestock is a highly valued source of food, while water is of lesser value.
But ultimately you are biased.
Motivated by a desire to sell people on your MLM.
If you want to accomplish your goal you should do research enough to present accurate facts, and answer relevant questions. You have been failing left and right so far in these areas.
Purchasing gold is hardly the cure-all to today's national and international economic woes that you make it out to be.
Even less so for any MLM!
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FREEBUSINESSES
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Joined: 15 Oct 2009
Posts: 342
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#65 · Posted: 27 Jun 2011 19:17
Yes, there you have it, so what is your point, you don't like those with opposing opinions? And what does Palin have to do with it, are you in a time warp when she ran for VP? The only peope who are still putting Palin down are those who are afraid if she throws her hat into the ring, so they attack her regardless if she runs. lol
Success to all,
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FREEBUSINESSES
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Posts: 342
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#66 · Posted: 27 Jun 2011 19:32
TJamMoneyMan: Can you cite which economies have been destroyed by inflation, the percentage of and reasons for such an inflation? Can you make a meaningful comparison between those economies and that of the USA? Do you know the rates of inflation during American history - during the years surrounding "the great depression", world wars 1 and 2, the 1970's? Do you even know the current rate of inflation here in the USA?
You have to be kidding.
During 2004�09 Zimbabwe suffered from hyperinflation, the second worst in history in November 2008, second to the one in Hungary in 1946.[1] In order for a country and its currency to qualify for hyperinflation, the inflation rate must be at a minimum of 50% per month.[2] Zimbabwe reached this mark in February 2007 and inflation continued to grow.[3] During the height of inflation from 2008�09, it was difficult to accurately account and monitor for Zimbabwe's hyperinflation because the government of Zimbabwe stopped filing official inflation statistics. This cease file made it difficult to accurately observe how severe inflation was in the country.[4] In 2009 Zimbabwe abandoned its currency; at present in 2011 a new currency has yet to be introduced, so currency from other countries is used.[5]
Core inflation used in U.S. is a joke, a means in which to fool the masses of asses who listen to the BS from Washington. Real inflation rates in U.S. is on target to hit 6% if you factor in energy and food, but hey, no one uses these two things, right, so why count them into inflation figures. lol
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TJamMoneyMan
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#67 · Posted: 29 Jun 2011 02:05 · Edited by: TJamMoneyMan
FREEBUSINESSES: The only peope who are still putting Palin down are those who are afraid if she throws her hat into the ring
Afraid?
L-O-L!!!
Sarah Palin is probably the best hope in American politics - for democrats and working comedians!
For Obama's next term in office...
I truly hope she gets the GOP nomination (if we are to dare and hope that conservatives can be so dumb!).
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TJamMoneyMan
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#68 · Posted: 29 Jun 2011 02:30 · Edited by: TJamMoneyMan
Here are some inflation rates for Zimbabwe for the period you mention - 2004: 132.75%; 2005: 585.84%; 2006: 1,281.11%; 2007: 66,212.3% 2008: 231,150,888.87% (July) .
Compare that with our current 1 - 3% inflation rates.
Then take a look at the 1970's, which included many years of double digit inflation rates, getting as high as 13.58% average - for the year 1980.
The highest since the many years from The Great Depression onward, to include many years of negative inflation rates.
Did the US dollar survive the 1970's or not?
Also, compare that with the current US rate of inflation - 2010 1.64%; 2009: negative(!) 0.34% (Obama Administration); 2008: 3.85% (Bush Administration).
And now alluva sudden, the US Dollar is going to collapse?
Even going by your "truth", of 6% inflation, how on earth does our economy compare to Zimbabwe's dictatorship and their inconceivable inflation rate of 231,150,888.87%??
I'd love to see the "meaningful comparison" I asked you to make!
For S's and G's, I'd really like to know what KB Gold could have done to protect Zimbabwe�citizens from their TWO HUNDRED THIRTY ONE MILLION PERCENT ++ inflation rate!
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TJamMoneyMan
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#69 · Posted: 29 Jun 2011 02:47 · Edited by: TJamMoneyMan
FREEBUSINESSES: Yes, there you have it, so what is your point, you don't like those with opposing opinions?
My entire point here is "don't gimme dis ELECTION YEAR CRAPOLA about the dollar collapsing", "liberal media" and the end of the US economy.
Sell KB Gold if you want to.
But I intend to call you on political scare tactics and other political-economic misinformation propaganda.
Try selling KB Gold, using facts, and I'll be impressed!
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Drmfitz
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Joined: 29 Jun 2011
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#70 · Posted: 29 Jun 2011 14:09
i have a friend from canada who is a leader with that company-smart product by making gold available in small increments previously not. i am curious for sure to see how it will move forward. owning gold is always smart too, and now available to many who couldnt previously. keep me posted please! Dr. Mike
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Dr. Mike Fitzpatrick
http://thestreetsmartmillionaire.com/
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gypsy639
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Joined: 3 Aug 2011
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#71 · Posted: 3 Aug 2011 10:48
I have read with interest and more than a touch of humor at the replys posted here. Never have I seen so much misinformation about a product (gold) and a company (KB Edelmetall) Taz for one is as clueless as any one. His "studies" of KB obviously missed the part about storage in St. Gotthard Massif in Switzerland, a facility used by the Swiss government for their own gold storage. I don't have the time to highlight other misinformation, but it's there. I suggest before anyone takes the word of who they read here, they go to http://mykbgold.us. It is here you will get the accurate information you seek.
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After a successful nearly 50 year career banking, I thought my 'Golden" years would be quiet and without intrusion from the real world. Not to be. http://vur.me/wallyp/yW
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tmorrison
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#72 · Posted: 7 Dec 2011 03:28
gypsy639: I have read with interest and more than a touch of humor at the replys posted here. Never have I seen so much misinformation about a product (gold) and a company (KB Edelmetall) Taz for one is as clueless as any one. His "studies" of KB obviously missed the part about storage in St. Gotthard Massif in Switzerland, a facility used by the Swiss government for their own gold storage. I don't have the time to highlight other misinformation, but it's there. I suggest before anyone takes the word of who they read here, they go to http://mykbgold.us. It is here you will get the accurate information you seek.
I appreciate the post and information. KB Leaders just finished-up with their US Tour. It was a huge success.
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