Re: Commodities are the place to be. LT

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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bravekind

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Re: Commodities are the place to be. LT

in response to

Re: Commodities are the place to be.

LTGoldBull2

posted on Nov 17, 2008 03:45PM

Heh LT,

You are correct, if anything is blowing the whisle on fiat, it is the price of commodities. But since they don't tie the currency to commodities (fiat) then it does nothing to stop them from printing more. O'Driscall is referring to not being tied in the sense of PRINTING money. He is advocating diciplining the Fed the old fashioned way - no printing more dollars unless you have the assets (commodities) to back them up.

As far as gold being 10,000 per ounce I don't think that is relevant (except for those who own gold), as long as the dollar is backed by something so that we restrain the money creators from continuing to devalue our hard earned money.