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Old 01-02-2012, 07:14 PM   #1
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Red face [VIDEO] The Dumbest Thing Ever Said About Gold

For the lulz
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Old 01-02-2012, 08:11 PM   #2
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+10 SA...........

All things being equal, the simplest answer is quite often the correct answer - Occam
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Old 01-02-2012, 10:03 PM   #3
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What is gold backed by? Maps!

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Old 01-02-2012, 11:37 PM   #4
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Originally Posted by swissaustrian View Post:
For the lulz
She is from a Canadian TV station. I showed this clip to my students.
There you go folks, gold which has been in recorded human use as jewellery for 6700+ years is not backed by anything. Good thing the US dollar is backed otherwise we will only have this gold thingy, which as the pretty lady says is not backed by any government.
So be careful guys, sell all your gold right away and buy US dollars, because they are backed by the government so we know they will be there a year from now. Gold however, which as the pretty lady says, is NOT, i repeat NOT backed by the government so it may not be there next year, right?
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Old 01-03-2012, 06:29 PM   #5
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This is hilarious!!!!

The only fact that would give this lady any redemtion would be if this was reporting that there may not be physical gold backing all the paper thats being traded. But I know that's not what she meant so I will resume....
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