http://digg.com/business_finance/GOLD_VS_DOLLAR
The value of the dollar is dropping like a rock and this video is to show how this is affecting the prices of everything from gas to milk. This is the first of several videos to show what is really happening to the ecomy of the United States and why this country is in a lot of trouble financially.
Channel: News & Politics Uploaded: April 4, 2008 at 3:08 pm Author:therealweeklynews
Because due to worldwide market uncertainty, investors took their money out of other currencies (the Canadian dollar, the Euro, the British Pound, etc.) and flocked to the US dollar, raising its value vis-a-vis other currencies and against gold as well.
This sudden downturn in gold is a bit of an anomaly though, and once inflation really catches on in the US (and other countries) after all these "bailouts" you will see the price of gold shooting up.
DrewAWeeks(Tuesday 2nd of December 2008 04:40:24 AM)
Thanks for explaining not to buy paper gold. I didn't realise that. I'm still researching this.
kingfugazi(Tuesday 2nd of December 2008 02:12:33 AM)
Thats what I am asking. But this video says the price of gold dropped in the Great Depression (1931). I am swayed to believe that as Americans become more aware of the control of the system, Money, Money, Money- that we will be assaulted by the powers that be more & more. The USD drops & so does Gold? B.S.! Now, after nationwide protests to End the Fed (11/25/08), U.S. Troops are being stationed HERE as "Consequence Management Response Forces" (Washington Post 12/01/08).
offdaheez(Monday 1st of December 2008 10:22:56 AM)
^thats the paper gold market...not the physical market...there has been a lot of manipulation of prices but the physical value of one ounce is still around $1000-$1100...so DONT buy paper/electronic gold securities...buy physical gold
DrewAWeeks(Monday 1st of December 2008 06:07:55 AM)
Why did gold crash recently and get to $750?
JusticeLeague9(Sunday 30th of November 2008 07:34:37 PM)
Every president since 1913 knew about this plot to enslave America. Your money steals from you by design. You work for all this paper that you think represents gold and then suddenly there's no gold behind it. They've taken your gold in return for worthless paper. Then everyone has a trillion worthless dollars in their kitchen while your gold has been converted to yachts and Bentleys and islands. Enjoy your paper. Good luck finding us! It's like retrograde enslavement. Work now pay later.
JusticeLeague9(Sunday 30th of November 2008 07:30:46 PM)
You'd have to pee on the graves of every president since 1913. They ALL knew about this and the dangers involved. Your money steals from you by design. You work for all this paper that you think represents gold and then suddenly there's no gold behind it. So they've taken your gold in return for worthless paper. Then everyone has a trillion worthless dollars in their kitchen while your gold has been converted to yachts and Lamborghinis and islands. Enjoy your paper. Good luck finding us!
Hibbitt99(Saturday 29th of November 2008 07:30:25 PM)
The Federal Reserve is a joke. We've been screwed since our banking system was taken over by private investers.
Sepero1(Saturday 29th of November 2008 03:40:24 PM)
