tag:blogger.com,1999:blog-8206461851701932890.post1968687407223624609..comments2013-09-10T01:56:52.539-07:00Comments on The Golden Economizer: Demise of the Dollar – How Fast Must It Happen Before People Begin to Notice?The Golden Economizerhttp://www.blogger.com/profile/16559943632453709417noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8206461851701932890.post-65530896897680393482010-10-18T15:21:47.769-07:002010-10-18T15:21:47.769-07:00Please note that DEMAND FOR GOLD is not who is buy...Please note that DEMAND FOR GOLD is not who is buying current production and scrap; demand for gold is demand for all of the gold ever mined and above ground, because it is all of it, owned by someone.<br /><br />As long as you own something, you are exercising a demand for it. If you own a house, a car, a boat - everything that you own, in fact - is an expression of your DEMAND for that thing. When you have no more demand for something, you sell it. <br /><br />You are LONG everything that you own. You are SHORT the things you could have owned, but did not choose to purchase. You are SHORT the cash you could have accumulated if you hadn't shorted cash to buy what you own.<br /><br />Buyers of gold are SHORTING currencies and going LONG on gold.<br /><br />All the people of the world who own all the gold in existence, are LONG gold, because they have a continuing, day-after-day DEMAND for that gold. <br /><br />So the DEMAND for gold is the demand for the total of gold in existence and all that is coming out of scrap and mines.<br /><br />The demand for gold is the most constant of all demands; that is why the marginal utility of gold declines slower than the marginal utility of anything else in the world. That is why the BID-ASKED SPREAD on gold is the lowest of any economic good.HUGO SALINAS PRICEnoreply@blogger.comtag:blogger.com,1999:blog-8206461851701932890.post-65378872451001480602010-10-15T20:56:47.417-07:002010-10-15T20:56:47.417-07:00That's because Americans have become incredibl...That's because Americans have become incredibly complacent, and have not learned the lessons of our founding fathers in the Constitution and the Federalist Papers.<br /><br />No one ever asks the question "What is Money" and "What qualities should money have."<br /><br />Almost no one is still alive who remembers when gold coins circulated in the US, and when the silver coins disappeared from circulation in the 1960's, they were replaced with slugs that were a pretty good imitation, so no one complained or realized they'd been had.The Golden Economizerhttps://www.blogger.com/profile/16559943632453709417noreply@blogger.comtag:blogger.com,1999:blog-8206461851701932890.post-4056167475658397172010-10-15T19:57:03.947-07:002010-10-15T19:57:03.947-07:00LESS THAN 1% OF AMERICANS OWN ANY PHYSICAL GOLD! ...LESS THAN 1% OF AMERICANS OWN ANY PHYSICAL GOLD! WHAT HAPPENS TO THE GOLD PRICE WHEN 2%, OR GOD HELP US 3%, OF US DECIDE TO BUY GOLD? I KNOW THIS TO BE TRUE BECAUSE I HAVE TRIED TO GET SOME 40 FRIENDS TO BUY. ONLY "ONE" HAS AND ONE SAYS HE WILL BUY WHEN THE PRICE GOES "BACK" DOWN!Anonymousnoreply@blogger.com