This is not a way to gain respect. But... if you're talking this way, then I tell you: go and take some ecconomy classes.

gold only remins high while there is trouble.

However, in the last three years, gold has acted more like an equity than a commodity, rising and falling with the SYP.

The only demand is people freaking out. It's overvalued.

The entire logic behind this argument is based on the values of past generations.

Oh and don't forget that if we spurn China, they will definitely take matters into their own hands. They won't let us fall. They will be bargained with.

i didn't mean it that way

but if you look at prof00's comment,he sounded very sure that this gold rise was also a bubble like previous ones and he kinda taunted me

i have apologized to prof00.

i didn't mean to be rude,its jsut that i did't read the post after typing and jst posted it directly

as for economy classes,i am an student of it.

bargained,yeah

but if the FED is closed and that whats gonna happen then GOLD prices will go high

what do you think,they will just let US issue dollar forever,hell the world won't and americans won't themselves as they have to pay for the debt

You show me how that will happen.

You act like we're the only people that print money! Ever heard of inflation?

The whole point of inflation is BAM we just printed 8 trillion dollars out of nowhere. The debt to China is exactly 8 trillion. Of course, now the dollar is worth 15 cents, but now the debt is paid, millions of millionaires go poor in a weekend, and everyone is back at the starting line where, guess what, nobody can afford gold, and food is the most important resource, and liquor the most important luxury.

the global markets will still afford gold and trading will not stop

The previous was a hypothetical according to your theory.

i didn't say it would happen instantly.they would have to slowly stabalize

but a deault or a downgrade is most likely necessary

The fact of the matter is that oil independance is on the horizon (within 30 years),

we will be independent of alot of things by that time so lets not talk about 30years

nationalism is up, local is up, mercantilism is seeing a rise,

agree

but before that debt needs to be repayed or shit will happen in the west

militarism is ending in reconstruction (american jobs overseas), and actually unemployment is down.

where the hell is militrism ending?

usa wants to go on war with iran,stationed alot of troops in afganistan.bases in 130 countries...........lol

unemployment is down,where?

its just that us government doesn't count certain people as unemployed that why its gone down and even then government surveys have been proven to be wrong again and again.

There is also movement away from superficial luxuries like gold as actual luxuries. The new generation is changing things.

gold isn't luxury but reserved as a long time standard.

what you are talking about is independence based on people's attitude which will take free energy,automation,etc and those things are very away as you urself said above.

and hell the new gen is only changing things as they know tech can change thing sbut people who have money will decide which tech will change things

and till that time gold will continue to measure.

The logic you spout makes perfect sense comign from a 50 year old professor who still believes that people like to buy gold jewelry.But look at the times. Gold was the lowest in the nineties, and look at the culture. Rap, hip hop, rock, all about wearing gold and luxuries. Look who's popular now, indie bands from Iowa wearing beads and local everything.

when people don't have much money to purchase luxuries,they will wear beads only.

and hip hop still glorifies money

Your whole train of thought comes from someone who lived 50 years ago.

and you train of though comes from the irresponsible USA monetary policy into believing debt means nothing