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Title: Steve Forbes: US Will Return to Gold Standard Read more on Newsmax.com: Steve Forbes: US Will Return to Gold Standard Important: Do You Support Pres. Obama's Re-Election? Vote Here Now!
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URL Source: http://www.newsmax.com/InsideCover/ ... ard-obama/2011/08/31/id/409373
Published: Sep 2, 2011
Author: Jim Meyers and Kathleen Walter
Post Date: 2011-09-02 00:54:44 by Mad Dog
Keywords: we, can only, HOPE
Views: 4552
Comments: 6
Forbes magazine editor Steve Forbes predicts that the United States will adopt a new gold standard within the next five years — and warns investors to be “extremely careful” about putting money in gold. “I think in 2013 you’re going to see a new regime in Washington, and you’re also going to see in the next five years something that sounds astonishing today, and that is for the first time since the 1970s the dollar will be relinked to gold,” the two-time presidential candidate tells Newsmax in an exclusive interview. “We will return to a gold standard. It will be a modernized version of it, but in essence it will be the basic principle that the dollar will remain constant with gold.” Asked how high the price of gold might go, Forbes responds: “Keep in the mind the real value of gold remains constant. What you see now is fears about the future. “If Ben Bernanke were to announce today that the dollar will be as good as gold and he would work toward it, you might see a reduction in the gold price because there’s a lot of future devaluation priced into the price of gold. “People see that Bernanke wants to trash [the dollar] so they don’t wait for it to happen, they start hedging right away. So it’s in Ben Bernanke’s hands. He could send it to $18,000 an ounce. I don’t think he’s going to have the opportunity to do so. “In terms of investing in gold, of using it as a small part of your portfolio as an insurance hedge, be extremely careful. This dollar weakening policy is not going to continue, certainly not after 2012.”
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#1. To: Mad Dog (#0)
Bullshit.
Talk about BULLSHIT. It has been the stated policy of ALL feral gooberments since Breton Woods to sustain a STRONG US Dollar. All the while behind the scenes they worked for the exact opposite goal, to make the Dollar WEAKER. The claim that the feral gooberment "dollar weakening policy is NOT going to continue, certainly not after 2012", is on it's face ABSURD BULLSHIT. This Dollar weakening policy has been going on for over SIXTY years. Then he says, "Keep in the mind the real value of gold remains constant. What you see now is fears about the future". This is also absurd BULLSHIT. The "monetary VALUE" of GOLD in any FIAT currency system VARIES according to the demand for it. And DEMAND for GOLD, (and other intrinsic value hedges), in times of currency devaluation goes UP because people FEAR losing the VALUE of their FIAT "money". So he got part of it right. FEAR is a very BIG part of the hedge. Of course establishment suits like Forbes despise GOLD. They can't control GOLD.
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.
Serious, TOTAL, BULLSHIT.
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.
Bullshit. No, if you could buy a boxcar of corn for an OZ of gold in 1900, you can still buy the same today. The high price of gold reflects the reduced value of the dollar.
Obama's watch stopped on 24 May 2008, but he's been too busy smoking crack to notice.
Another looney toon heard from. It's quite simple: If the US adopts a Gold Standard then EVERY commodity wil be tied to the price of gold over which the US can exert very little influence. It's what was wreaking havoc in world trade - more so in the US - in the late 60's... The number of dollar fungible commodities is staggering compared to what they were in the mid part of the last century...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
It relects a lot of things not the least of which is hw illiquid the gold market is...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
“Keep in the mind the real value of gold remains constant.
#2. To: All (#0)
“In terms of investing in gold, of using it as a small part of your portfolio as an insurance hedge, be extremely careful. This dollar weakening policy is not going to continue, certainly not after 2012.”
#3. To: A K A Stone (#1)
Bullshit.
#4. To: A K A Stone (#1)
“Keep in the mind the real value of gold remains constant.
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
#5. To: Mad Dog (#0)
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#6. To: hondo68 (#4)
The high price of gold reflects the reduced value of the dollar.
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
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