Beans and gold, what's the better investment?Submitted by iehuvihs on Sun, 02/17/2008 - 10:08
For those of you who are unable to think beyond beans, let me explain! Most people don't have money to invest. Most Americans live paycheck to paycheck, try to tell them to buy gold and save it under their mattress is not going to work. Our goal here is to bring people over to Ron Paul. Now if we promote an idea, that is economically viable for the masses, that they should start buying non-perishable food items, such as beans, to protect themselves against inflation, (I am using beans here to encompass all necessary survival items), then we are speaking to them and can draw them to our side. Otherwise Obama is going to take all our good ideas, such as ending the war, and twist them up with his socialist ideals. Can't you see that telling people to buy gold, gives them the impression that we are all a bunch of rich conservative pricks, but telling them to buy food items, beans and anything else that they need, they will relate to this, because there is no risk, and if we are wrong they will still have food!
Let's imagine that gold goes up to $9000 dollars an ounce, what is to say that beans and other food items will follow this same projectory. A bag of beans costing $1.00 a bag today could sell for $20.00 a bag. Gold has gone up 10 times and beans have gone up 20 times. Of course, other less necessary items on the market could drop in price and this would offset the inflation index and gold does great against the index. My point is that in hyperinflation, gold does go up, but not as fast as basic items of survival. Look at other countries that have experienced hyperinflation, you will see my point. We have to remember that if the dollar collapses, this means the collapse of the American empire, leaving the door open for another power to come to the front. Perhaps the government will be able to support the Empire for a while with gold held in storage at Fort Knox. They will pay our soldiers in gold and they will spend it abroad. The Chinese or other country will soon have control of this, and we will be on the Yen standard, not gold! Gold has no real value for the Chinese, but beans do!