Could you give me the address of a serious gold coin dealer in New york City? The dollar sign was first being used as the abbreviation for business correspondence which was referring similar to the Spanish dollar but during the American revolution , Spanish dollar becomes more significant which was got backed by the authorized paper money from individual colonies and continental Congress. During the launch of Euro the ratio of Eurozone currency was badly disturbed and a lot of changes were taking place which were also affecting other currencies but in spite of all these changes the US dollar was still managing its own position and remains safe by the margins. So for me these comparisons are amusing but mean little to predict a future in which the actual sum of physical gold meets the actual sum of printed money. What's really frightening is that today's dollar is rapidly becoming worthless.
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You see, the Fed likes pumping money into the economy. It drives stocks up and makes Fed officials and governments richer. If you follow the charts, you will have noticed that at the mere thought of tapering, markets went nuts. Stocks dropped while gold soared. The Us Empire is failing.
Fiat currency, the backdown on Syria and many more are typical symptoms of a failing empire. The US' debt can't be paid off, so they know they have to keep inflating 'Zimbabwe-style' until the dollar is toilet-paper money.
That was, its debt is worthless. NOte how this is similar to point no. When stocks fail along with the US dollar, there will be only one way safer than Treasury bonds to hold your money. The dollar has only been the world's reserve currency since the end of WW2, a very short period of time. The reason it was made the reserve currency is because 35 dollars could be redeemed for an ounce of gold only for non-US citizens, FDR stole everyone's gold in , blaming gold and not wall street bankers for the great depression until Nixon stopped all that in What happened, goldbugs bite your tongues?
Looking back thru the comments, only Joe Vargas got it right, but by then it was already too late, gold was on its way down. Why are goods priced in miligrams of gold, as opposed to ounces? Are there charts available in ounces of gold? I prefer grams and mg, kg, etc.
You can get ounce charts for most securities from stockcharts. Unlike most of you I'm not an informed financial guy. I do know this, My "Zeros in the bank account" will drop to one "0" when the crash happens. The US must at some time write off the debt. So, for me, I'll put some money in Silver and Gold and hold it physically. I still hold US dollars and investments but I feel that putting eggs in many baskets will help when one of the baskets is emptied.
A little guy like me with a small financial means is just trying to hedge against the FED money destruction policies. As every month goes by I hold a little more of precious metals. I don't consider it an investment I consider it Insurance. I don't believe that US citizens are in danger of having their gold confiscated by the Fed, not really.
When FDR confiscated the nation's gold in we were on the gold standard. It was common public knowledge at the time that gold and dollars were basically one and the same. So when they have their gold taken away they were settled in cash which was to them basically the same thing as having gold. Today the situation is much different. Gold is no longer considered money, certainly not by the Fed. Ben Bernanke he has even said so to Congress. So whether it's the government or the common citizen gold is today considered simply to be private property.
If they're going to confiscate gold they might as well confiscate your house along with it. Do you really think the government could get away with such a confiscation today anyway?
Just look at what happened in Colorado when the state government tried to get the police chiefs to enforce unjust gun laws. These are much different times we're living in today and people will not put up with nor trust the government the way that they did back in the 30s.
But back to my original point gold will probably not be confiscated simply because we are no longer on the gold standard anymore. Gold is not finished by long shot, people. Okay so I have seen gold go up, under nixon AND come down under reagan. Remember no banks are giving out dollars for gold, only speculators. It will all end in the end, nothing lasts forever end this will be remembered as dollar mania. Just remember that when any country engages in a long period of conflict, they can spend lots of money with no return on the investment.
If you look at the graph, you'll see that since US was winning WW2, there was a return on the value of the dollar, and the trade value flatlined. It rises again, and then falls with the begginning of the post Some States already accepting gold coins, silver coins and gold bullion and more to come. If gold is worthless, why do governments and central banks own it? If it's good for them it's good for us too. Are you interested in gold bullion? What occurred in August that caused the price of Gold and Silver to start plummeting and the Dollar to start skyrocketing.
Any ideas or comments? Excellent discussion…keep it updated. There is a point being missed here I think. In the 's the world was still a collection of "villages". By end of the '80's both technology and growing populations started the head long rush into a world of one "village". The problem was an uneven playing field. Half the world with a tremendous standard of living and the other half of the world trying to "just exist".
An average worker in the Western world earning the equivalent of people in the non-western world. However, this stampede for cheap labour was realized as a "catch 22"; as putting Western workers out of a job, would also destroy their markets. Somewhere, somehow I'm almost certain that Western capitalists and quickly growing non-Western alike, realized something had to give…the world needed to move to a level playing field.
This meant, the Western standard of living had to decline…and the non-Western world had to increase their standard of living. Hence, a 30 or 40 year period of manipulating economies and standards of living, until the playing field could level. Take a look around, the world is now almost on the same page technologically. The Western standard of living has deteriorated, the non-Western world has introduced controlled capitalism, and the world is on the verge of 7 billion people fighting for resources.
The world is touting China as the next economic power…the Western world is breaking into Euro group, the America's are building their own network. The forecast is for China and the Pacific rim to be major players within 10 years, equal to or better than the Euro groups or America groups. Get used to it…it's not doom-and-gloom…it's the beginning of an even-playing field, just as the money people have been guiding it.
We Westerner's just have to get used to lower standard of living than our parents. This is very interesting chart, and many thanks to the person and the team behind this, it's an innovative way to analyse things, new angle to see at objects. My question is how can someone price the Gold on US dollar and at the same time the US dollar is based on Gold, my logic is stuck because there is a mutual reference, unless there should a third stable reference not moving than we cannot be sure.
I see these charts and it makes me wonder if people will still use gold for money in Tell me if there is any updates. Jim Rickards has just written that " Only a small fraction of writing on gold is analytically sound. Here's the best piece ever:. Take a raise in pay ,it can be taken by the government ,either by taxation or propagated inflation ,or even deflation. So then what's left???? Wait until they get a whiff of bot trading by the major banks!
Its all gonna be pump and dump — mostly dump. People cant afford to live much less buy things. Great time for retirees! Having modest investment in gold bullion, may I point out a few things? Bullion coins are not subject to taxation, being 'legal tender' [at present!
Nor can these be legally confiscated by Gov't or anyone else [at present! Rapidly depreciating paper notes? Then wait for economic recovery? Here are my comments: I don't what country you're in, but in most places, including the US, gold is not legal tender.
It is often subject to taxes like sales taxes and capital gains taxes regardless of its purity or form bars, coins, jewelry, etc. Governments can and do confiscate anything they please, including gold, often under the legal cover of "asset forfeiture", and require you to prove that the gold or other item was legally obtained and not associated with any crime. The cost of this legal process often exceeds the value of the items confiscated, so victims frequently just walk away rather than fight in the courts.
As to point 4, remember that gold doesn't go up in price: So you'll have to judge for yourself whether exchanging some of your gold for lots of bits of paper is a good idea when the time comes. Read my comments on Bitcoin on its chart page. If dollars can be pinned to nothing …. So can thin air I guess!
It's just sad that the 'transfer of wealth' is robbing the poor. The rich don't pay any taxes and the poorer class tax dollars don't equal much. That imbalance will bring down the house. People are looking for the parachute. The site potentials for fracking, the required proceses ROI feasibility of etc. The Krugies don't have to be dollarized-you know what I mean? It's an orchestrated attack on the US economy perpetrated by the ones whom the people of this country trusted with their lives and voted into office to protect the interests of every citizen of the U.
At previous time Euro was being used as the two versions of it and these are:. These above two versions of Euro are not considered as the true currency instead these version were kept in the basket of EC currencies which were playing a major role in keeping the stability of European exchange rate. The value of both Euro and ECU were substituted same for the exchanges purpose which was 1.
During the launch of Euro the ratio of Eurozone currency was badly disturbed and a lot of changes were taking place which were also affecting other currencies but in spite of all these changes the US dollar was still managing its own position and remains safe by the margins.
There are a lot of factors which can generally disturb the flow of Euro dollar exchange and in this attribute it does not matter which FX pair you are choosing. The factors which can adversely affect the pairing of Euro dollar are:. After the policies formed by central bank a large number of euro to dollar exchange takes place and later there becomes the reduction in this exchange due to which the financial crisis were faced in It is termed for Euro single currency as we know that the Euro is at the 2nd number in widely traded currency of the world which is being emitted from the Central banks of Europe.
USD resembles to the US dollar , a greenback , it is also a most traded currency of the world by merchants and the US dollar is issued by the Federal reserve system. Technical studies and forecast for Euro dollar exchange rate always conducted in the market and due to this the traders comes to know for the value of 1 Euro in USD and the changes that take place in it. As , it has been widely noticed that the ups and downs which comes in this change of currencies value is very regular and it is important to keep an eye over these changes.
You can also see various currency converters available online for the Euro to USD conversion rate and you can convert any amount of Euro to the US dollar or US dollar to Euro just by substituting the desired number.
Euro to dollar trends are in account with the changes taking place in the regular trading market. The exchange rate value of Euro and dollar for different currencies are totally different so it is based in the currency type which you are having and with which currency are you going to pair it.
The changes in this exchange rate are very common and takes place regularly so always be up to date with the changes occurring in the trading market.
On the current basis Euro is known as the official currency for 17 different European countries which is circulated by the central banks of Europe and at the time when you re converting your currency the important thing which you should know is exchange rate means the value for one currency in respect the other currency in which you are going to convert as these changes occurring on daily basis due to the demand of national and international market depending on various factors.
There are many people who wanted to convert there currency so today we are going to tell you the procedure of how can you convert the Euro to US dollar. For conversion just follow the below provided steps it is very simple and easy to do so:.
First of all you are required to know the value or amount of your currency which you wanted to convert. The price is so close to the higher border of the range if it will break 1. For me, it will be a Buy signal with goal 1. The close above the first layer of resistance at 1. By drawing a volume profile from the onset of the eternal daily range between 1.
We can observe how the majority of the volume ever since late October has been concentrated in a 1 cent range as depicted via the dash lines 1. That would be our micro range as guidance. Then we have the macro range After successfully making a new Higher Low on the 1D chart, the bullish formation is aiming yet again at the 1. This indicates that the Channel is getting increasingly unstable and seeks a short term consolidation within the 1.
But the short term forecast is range bound, so we expect to reach the following targets: