Only Jews in 1939 were worried about buying gold?

[bullseyelqcs]

According to Obama, the speculators are responsible for that, not the rest of us. At least for oil, that is.

The funny thing is that everyone still seems to hold him accountable for the actions of both speculators AND the rest of us.

I mean, if you talk about regulation on speculation, then you have the capitalist crowd up in arms about getting the government out of the private sector. On the other hand, the same people (I think you called them "the rest of us") who ARE at least partly responsible for the price of a gallon of gas never want to actually do anything about using LESS GALLONS OF GAS. That one factor alone would drop the price at the pump more than any amount of drilling on US soil ever could.

Oh well, drill baby drill....right?

[Databyter]

If you really think that society is going to collapse, what is the point of buying gold? You can't eat it, or kill anything with it...

Even in a collapsed economy, Gold is a tradeable and valuable commodity.

Silver is even more useful, since it is worth less and easier to manage for smaller trades.

Salt, seeds, and ammo are also great.

History has proved the above to be true.

For those who have little wealth the last three would be more of a priority, it's true.

But for those with great wealth, buying gold, silver, etc, allows for a compact form to preserve at least a portion of their economic power, that most other investments would not.

[Databyter]

I don't see what's so bad about it. In the late 30s German and Austrian Jews were pouring out of the Reich and the law prevented them from literally taking anything with them. So they sewed what valuables they could carry on them into their clothes so they wouldn't be robbed.

I dunno how anyone gets anti-Semitism outta that.

Just to prove the exception to the rule.

I agree.

Although gold was a terrible thing to sew into clothing because of their weight. Gemstones were preferred. They also ATE gold and gems.

He may be an anti-semite. I don't know and I don't care since I tend to disregard him anyway for many other reasons.

But the statement itself, is just a poor attempt to make a point.

The thing to take home, is that he is wrong about the point he makes, not how poor his choice of analogy is.

I do not see how referencing TRUE history, makes anybody a racist or anti-semite.

Many liberals have been taught that it is so, and are over-sensitive.

I prefer the sentient mind approach to comprehension.

[Databyter]

Buyer beware, gold is a bubble. Real investors like Buffett don't go for bubbles.

It's not a bubble.

At least not most of it.

The driving force behind it's rise is not the popularity, but the devaluation of the currency it takes to purchase it.

The popularity and speculation of course is a part of that price jump, but it is a small percentage of the inherant value.

The thing to realize is that for the most part, the price of Gold is not rising, the value of the currency is falling.

If you don't believe me, then explain the ever increasing problem of steel and copper theft. Nobody is making a run on those commodities, but they are also rising to unprecedented levels, making them an easy target for thieves.'

The writing is on the wall.

But people are told that 2+2 does NOT = 4, and they of course believe it, because it fits in their warm comfortable assurance based world of nonsense.

The dollar is not falling.

There is no inflation.

The economy is doing swell.

Joblessness is down.

All the above are false.

[F_Rat-46]

The funny thing is that everyone still seems to hold him accountable for the actions of both speculators AND the rest of us.

I mean, if you talk about regulation on speculation, then you have the capitalist crowd up in arms about getting the government out of the private sector. On the other hand, the same people (I think you called them "the rest of us") who ARE at least partly responsible for the price of a gallon of gas never want to actually do anything about using LESS GALLONS OF GAS. That one factor alone would drop the price at the pump more than any amount of drilling on US soil ever could.

Oh well, drill baby drill....right?

So, you think I'm blaming Obama for the speculators? No, I'm saying Obama can't have it both ways. Obama comes out and blames speculators for the rise in oil prices, but remains real quiet when prices start to fall. Speculators are just as responsible for the fall in price. Yesterday it was around 98/bbl, down from around 105/bbl. So, it can be said speculators are driving the price down, right? As to your second point, "The rest of us", a lot of people have already changed their habits to adjust to the higher price of fuel. They combine trips, re-route their trips to make them shorter and only go out when necessary, so your contention "the rest of us" aren't trying to lower the prices is wrong. And yes, drill like hell.

[CanadianJudo]

Some Jews saw the writing on the wall and acquired gold.

Some people see similar writing on the wall and are acquiring gold. True, nobody is expecting a new holocaust in the collapse they see coming, but then again, neither did the 1939 Jews who saw dire omens nonetheless.

It's not a direct comparison. But principles of behavior and reaction are similar.

Hitler didn't Collapse Germany,
It rebuilt it in to one of the most powerful countries in Europe.

[Mohawk5]

I just find the statement to be very derelict.

Had the right hand man of the Koch's made this statement we'll we know what the headlines would be reading.

[Mohawk5]

I hope they have the means to protect their gold should a collapse ensue which is highly unlikely.

I agree that food stuffs would be highly valuable.

[Guvnah]

So you need gold because you expect to have to flee as a refugee from America?

That would be an extreme case. But yes, it's a possibility.

I have gold (and silver) in case the dollar collapses and becomes worthless. Gold has always been a medium of exchange in economic collapses.

I might need buying power to get the last bag of rice off the shelf. I might need to bribe a corrupt official not to search my house. Or bribe cops to protect my house.

I really don't know what scenario I'll need it for. And I may never need it.

As I noted in the post you replied to, I think 1939 Jews didn't know the full spectrum of what was coming. They might not have thought they would have to flee. But many of them lived through the post-WWI hyper-inflation and knew what german currency could be worth. Or they saw the growing oppression of Jews and wanted to stock up on an asset that has always beed "good as gold."

[Guvnah]

Hitler didn't Collapse Germany,
It rebuilt it in to one of the most powerful countries in Europe.

Cool.

I didn't say he did.

[Gaetano "Tommy" Lucchese]

That would be an extreme case. But yes, it's a possibility.

I have gold (and silver) in case the dollar collapses and becomes worthless. Gold has always been a medium of exchange in economic collapses.

I might need buying power to get the last bag of rice off the shelf. I might need to bribe a corrupt official not to search my house. Or bribe cops to protect my house.

I really don't know what scenario I'll need it for. And I may never need it.

As I noted in the post you replied to, I think 1939 Jews didn't know the full spectrum of what was coming. They might not have thought they would have to flee. But many of them lived through the post-WWI hyper-inflation and knew what german currency could be worth. Or they saw the growing oppression of Jews and wanted to stock up on an asset that has always beed "good as gold."

Your comparison doesn't make any sense because these German Jews presumably weathered the Wiemar Republic hyperinflation and economic collapse (fairly identical to the ones predicted by the doomsayers here) and didn't cash in their chips, since they got roundly ****ed by the Nazis a decade later.

[lwdc]

Had the right hand man of the Koch's made this statement we'll we know what the headlines would be reading.

What would the headlines be reading, especially considering that the Koch brothers are Jewish, and the statement, although weird, really wasn't antisemitic?

[Mohawk5]

What would the headlines be reading, especially considering that the Koch brothers are Jewish, and the statement, although weird, really wasn't antisemitic?

We obviously have a differing opinion.

I'm cool with that.

So OK let's turn the table a bit.

Let's say Rush Limbaugh would of made this statement? Sean Hannity? Mark Levin? Chris Plante?

Any right isle commentators.

Sorry but the media would be all over it.

[lwdc]

We obviously have a differing opinion.

I'm cool with that.

So OK let's turn the table a bit.

Let's say Rush Limbaugh would of made this statement? Sean Hannity? Mark Levin? Chris Plante?

Any right isle commentators.

Sorry but the media would be all over it.

You didn't answer my question.

What would the headlines be reading if Koch or his right hand man made the statement? Just give me an example of what a headline might say.

[Mohawk5]

You didn't answer my question.

What would the headlines be reading if Koch or his right hand man made the statement? Just give me an example of what a headline might say.

Let's see....

"Right wing supporter invokes Nazi Germany by declaring Jews as gold hoarders and uncivilized".

How's that one?

Sounds about right.