Greeks and Gold

Posted: May 27, 2010 in Uncategorized

http://news.coinupdate.com/panicky-greeks-paying-for-physical-gold-0293/

Gold = Intrinsic Money

Federal Reserve Notes = Fiat Money

The Greeks may be paying a premium for physical gold, but if the premium is paid in worthless paper, does it really matter the price?  Given the choice between holding Gold(Intrinsic Money) Vs Federal Reserve Notes and Euros (POWER AND AGREEMENT), it seems pretty obvious what to do.  Dump paper, then fight to keep the gold you hold.  It’s been seized before, the 2010 and 2012 elections are the only short term way to prevent gold from being seized again.  Those who voted against the full audit of the private corporation called the federal reserve bank should be voted out of office.

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