HoosierGuy Posted September 30, 2010 Report Share Posted September 30, 2010 This is more about why to buy gold: News Headlines The US supremacy as the top world economy will end sooner than many people believe, so gold is a better investment than the dollar despite it hitting a new record, Tom Winnifrith, CEO at financial services firm Rivington Street Holdings, told CNBC.com Monday. "America is practically owned by China," he said. I didn't know this about China and India: "America is doing what Britain did," Winnifrith said. "America spends much more than it can afford and it's not addressing the issue."In 1832, China and India were the world's two largest economies and by 2032, they will regain that status, he predicted. I'm not much of a gold person. I know some right wing fanatics push gold like it's going out of style. But if things keep going the way they are going, I'm wondering if gold might be worth looking at. Quote Link to comment Share on other sites More sharing options...
dorave Posted September 30, 2010 Report Share Posted September 30, 2010 Wake up n smell the Hot Chocolate bro, just maybe those right wing mad men, aren't really mad and ...maybe they're right. Quote Link to comment Share on other sites More sharing options...
Misshalfway Posted September 30, 2010 Report Share Posted September 30, 2010 I can't buy gold. I just spent everything on my food storage. Quote Link to comment Share on other sites More sharing options...
LDSVALLEY Posted October 1, 2010 Report Share Posted October 1, 2010 The economic situation is true however in both the United States and Canada. An article I was reading last year pointed out that we went from a balanced trade to a huge import surplus. We have cheaper products such as furniture, computers etc then twenty years ago because we moved all the manufacturing over to China and now India. Everyone was worried about free trade sending our jobs to Mexico but they lost out to China as well. The biggest problem is we have lost the high paying factory jobs and replaced them with lower paying service jobs. The railroads and highways are jammed because of the amount of stuff we import from China. As more and more people go under the economy will continue to slow down and it will come down to the level that the lower paying jobs will provide for. But since most are now in the service industry many many of these will lose their jobs in the economic downsizing which of course will make it worse. England did go through it, World War One all but bankrupted the British Empire and they lost the high end jobs to the States. It took them years to adjust their economy to the new society. We have gone from a manufacturing society to a consumer society. Quote Link to comment Share on other sites More sharing options...
HoosierGuy Posted October 1, 2010 Author Report Share Posted October 1, 2010 Anybody remember a few years go, I think Bush was President, when there was a big up roar about our U.S. ports being owned by foreign (Muslim) countries? Lets see, China owns the U.S., foreign countries own our ports. The Indiana governor wants to let Germany take care of some of our roads here! lol. Talk about selling out. Quote Link to comment Share on other sites More sharing options...
talisyn Posted October 1, 2010 Report Share Posted October 1, 2010 Meh. It'll just reach a point where we won't pay. China needs us as customers as much as we need cheap imports Quote Link to comment Share on other sites More sharing options...
john doe Posted October 1, 2010 Report Share Posted October 1, 2010 I'm not much of a gold person. I know some right wing fanatics push gold like it's going out of style. But if things keep going the way they are going, I'm wondering if gold might be worth looking at."Luke, come to the light side of the force. Turn away from the dark side and all those liberal heathens." -Obi Wan Kenobi- Quote Link to comment Share on other sites More sharing options...
Moksha Posted October 1, 2010 Report Share Posted October 1, 2010 As long as Mormons hold fast to their rule against tea, ownership will never be complete. Besides, many countries have a piece of our pie. Quote Link to comment Share on other sites More sharing options...
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