Re: Why has the world agreed that an ounce of gold is worth 50 U.S. dollars?
I am wondering why has the world agreed that an ounce of gold is worth 50 U.S. dollars?
Even in other currencies this price stamped on the one ounce gold coin holds true. Like the chinese panda, 500 yuan which is basically, approximately 50 USD. And the silver ounce is worth 5 USD... or similare amounts in other currencies... if you stack, you know this... it's like price hasn't moved since the 1940's... what do the banks and governments know that we don't? Are they planning to confiscate it all for that amount for each coin?
Or would they just confiscate the gold and let us peasants keep our silver...?
Even in other currencies this price stamped on the one ounce gold coin holds true. Like the chinese panda, 500 yuan which is basically, approximately 50 USD. And the silver ounce is worth 5 USD... or similare amounts in other currencies... if you stack, you know this... it's like price hasn't moved since the 1940's... what do the banks and governments know that we don't? Are they planning to confiscate it all for that amount for each coin?
Or would they just confiscate the gold and let us peasants keep our silver...?
This post reserved while I contact the proper authorities.
Hello 
Just thought I'd say hi.
I have a little fiat currency coming in every month (just like the rest of you...) and am going to diversify to spread my risk and am now buying bitcoins. I have a few gold coins and a few kilos of silver coins for safety in "real life" now I want bitcoins too.
Just thought I'd say hi.
I have a little fiat currency coming in every month (just like the rest of you...) and am going to diversify to spread my risk and am now buying bitcoins. I have a few gold coins and a few kilos of silver coins for safety in "real life" now I want bitcoins too.
Okay, I just got off the phone, TCK, and they told me to tell you to please stay put till they arrive in a few minutes. Also, what color straitjacket do you prefer?