|Money and Finance Because you have to save money to spend it on new paintball stuff!|
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|02-26-2013, 10:05 PM||#1 (permalink)|
I Am The Admin
Hidden Secrets of Money - Currency vs Money Ep 1
Very cool series being put together. Very educational for sure...
Direct Link: Gold & Silver Ep1: Mike Maloney - Hidden Secrets of Money - Currency Vs Money - YouTube
Just barely released, only 300 views right now. Just watched it, and it really hits home.
Can't wait to see the next episodes.
It's a good dose of business school and economics all rolled up together.
|02-26-2013, 10:13 PM||#2 (permalink)|
Join Date: Mar 2009
Location: New York City
I'm weary of getting information from such a directly interested party like the actual trader of Gold and Silver.
I also remember this video:
Survive the first few minutes, and it gets really good. Could also skip parts that repeat for emphasis.
Last edited by Tenet; 02-26-2013 at 10:42 PM.
|02-26-2013, 10:59 PM||#3 (permalink)|
The irony of my job is I work for a gold mine that pays me this fake money for making them real money.
By 2012 we thought we would have flying cars, all we have is blankets with sleeves.
You don't seem to understand, BRO. It's a Shotgun, that shoots Rockets, BRO!!!!!!
Long distance member of: Team Long Stroke (It's like a long distance relationship only better)
|02-27-2013, 10:05 PM||#4 (permalink)|
Join Date: Sep 2006
Location: Dodge City Kansas, kind of like the Old West
Now if I just had money to invest, and don't suggest selling a gun
|02-27-2013, 10:07 PM||#5 (permalink)|
I Am The Admin
The guy is actually a great person to listen too... He's actually NOT that into gold. It's just the gold is in a cycle right now where you can make money. He explains in another video where he's buying gold, but thinks real estate will be a better bet to move into when the gold pendulum swings.
Fiat currency, invested in equity... MUST appreciate over time. That's the problem for risk adverse people. You are forced to put your money at risk to stay ahead of inflation.
P.S., I'm up 200% on my "metals", so I'm not exactly complaining... Didn't do that in the market...
|02-27-2013, 10:16 PM||#6 (permalink)|
Join Date: Dec 2006
Yeah, Gold and silver are all well and good as 'money', until your factor them into the global economy.
Question: What happend to a country that runs a trade deficit when using modern currency? Using gold/silver?
In the case of gold/silver the net effect is that 'money' leaves the country. This causes the money supply to drop, leading to deflation, leading to some nasty problems.
|02-27-2013, 10:19 PM||#7 (permalink)|
I Am The Admin
Here, if you guys want a complete education, this is worth the hour and 1/2 of your time:
Silver & Gold - Debt Collapse - Mike Maloney - YouTube
On deflation, watch around the 30 minute mark. (starts that the 25 minute mark for the complete story) It's all about how money is created and that our system REQUIRES us to go further and further into debt. By paying off loans, we are actually deflating our economy/currency.
Like I said, it's an education... Most people don't have a full grasp of how money is created, and what interest and inflation does and how it truly plays a role.
|02-27-2013, 10:44 PM||#8 (permalink)|
I agree with everybody here that this is hype and salesman ship. Therefore I am going to give everyone a great buying opportunity to buy CCM products for their old or new gold and silver coins. Send in those coins and get your favorite CCM products.
Canadian gold and silver coins are welcome. For that matter gold and silver coins from every country is welcome.
Due to the influx of counterfeit coins all coins must be verified by an authorized coin dealer or unless you just raided granmaws cookie jar and those coins will be good.
Operators are standing buy to take your calls.
sorry,no gold teeth please.
Whatever your hand finds to do, do it with your might; for there is no work, nor device, nor knowledge, nor wisdom, in the grave, where you go.
Last edited by CCMachinist; 02-27-2013 at 11:00 PM.
|02-27-2013, 11:16 PM||#10 (permalink)|
Join Date: Dec 2006
Not to be flippant, but I am not buying it. Not because I disagree 100%, but because Fiat, is fiat for a reason.
Using his message against him, any limited quantity asset (example gold) can be used as 'money'. Another example is Bitcoins, which has a shadowy standing around the world. Why do governments hate bitcoins? Well, that is a topic for another time.
What I am getting at is that even 'real' money is arbitrary. It just so happens that gold/silver have been used for thousands of years.
The Fiat comes in when people in charge determine what means they wish to be paid back in. Means that are not generally direct labor. Take your pick on the money/currency; in the end they want something from you...
And they will use lead and brass to get it.
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Last edited by Captainneeda; 02-27-2013 at 11:33 PM.