Gold For Money

Frequently Asked Questions

1. QUESTION:
   Who still has the gold standard backing up there money?
   Hello! Thank you for taking the time to answer my question. I am just curious to find out which country still uses gold and maybe silver to back there currency? I have read the U.S. use to back up the dollar with gold until 1971 President Nixon took the gold standard off. I could be wrong but there has some other country besides Switzerland that still uses gold money standard. Also I would appreciate any references to gold and why it is the best for backing up money / currency. Thanks!

   • ANSWER:
     No country uses the gold standard any more.
     Switzerland was the last country to abandon the gold standard, in 1999. See the articles linked below for more:

     http://en.wikipedia.org/wiki/Gold_standard
     http://www.nytimes.com/1999/04/19/world/swiss-narrowly-vote-to-drop-gold-standard.html

2. QUESTION:
   In a bank can you exchange your money for its worth in gold?
   Is it a right, because basicly money is gold as thats what its backed up with

   • ANSWER:
     I don't think you can.

3. QUESTION:
   Why so many fallacies,lies and myths surrounding the gold money standard?
   Here are some:

   'We cant go on a gold standard because there is not ''enough' gold to go around''

   ''A gold standard can't cater to an expanding population because the money supply has to increase''

   ''Gold deflation causes depression''

   Read the works of the Austrian economists. All these myths will be exposed for what they are.

   • ANSWER:
     The biggest myth surrounding the gold standard is that it created stable prices. see chart at
     http://www.visualizingeconomics.com/2008/05/27/us-inflation-annual-percent-change-1774-2007/
     As you can see inflation was not confined to periods when we had a fiat currency.

4. QUESTION:
   Why is the Penguin Gold Money Maker Down?
   Penguin Gold is a site for ClubPenguin users who are always low on coins and are to busy to play games to get enough coins to get the new, cool igloo or clothing item they want. It has been down for two whole months now and I'm very very very low on coins! Perhaps someone knows when it will be back up?

   • ANSWER:
     im not shure but you can downlode penguin money maker that will help and if you dont find that,penguin gold might be back up and running by the time you quit looking for it if you quit looking for it.P.S it works for me!!!!

5. QUESTION:
   How can i get my e-gold money from any ATM?
   I live in Egypt and i want to know if i have some money in e-gold how can i get them from any ATM or there are other better ways?
   I think ATM will be better for me but how can i do that?

   • ANSWER:
     Excerpted from e-gold FAQs:

     How do I get my money out of e-gold? Can you send it to someone else? Can you send it via wire transfer?
     Via a currency exchange utilizing the services of an independent exchange service.

     The e-gold system is designed to be absolutely free of any financial risk. There can be no debt or contingent liabilities associated with e-gold. For this reason, e-gold Ltd. does not possess any national currency of any nation and has no bank accounts. Thus, e-gold Ltd. is not able to offer currency exchange services.

     Instead, a growing number of independent exchange service around the world support exchange between various national currencies and e-gold, accepting remittances via credit card, bank wire, check, money order, Western Union, PayPal, eMoneyMail, and others.

     Using an ATM is not an option.

6. QUESTION:
   Why Did Roosevelt Make It A Crime To Own US Gold Money?
   Liberal progressive Democrat Franklin Delano Roosevelt made it a Federal crime for any US citizen to have more than 0 in US gold coin. Why did FDR do that and was he within his right to order US citizens exchange their gold coins for the fake money we call dollars today?

   • ANSWER:
     For the same reason that China did...these are the types of things communists do in order to take power away from the people. Government can dictate through their actions the value of a fiat currency like the dollar, but it is much harder for them to influence the value of gold. Big Statist guys like FDR don't want people to have that sort of security, they want them to have to rely on the government, which in turn, empowers the government even more.

7. QUESTION:
   What was the last nation to rely on hard money (gold, silver) for its currency?
   I assume there are no countries without fiat paper money today. What was the last nation to use commodity (ie real) money for its national currency?

   • ANSWER:
     I can't remember the date when Switzerland abandoned the silver franc, but it was in my adult lifetime.

     The problem was that the francs were going out of circulation and being melted down, because the silver in them was worth more than the purchasing power of one franc.I don't pretend to know how this could happen - you'd think the two values would inevitably move in step - but that is what was said to be happening.

8. QUESTION:
   What do you think will happen if all the gold and all the money in the world suddenly disappeared?
   What do we really need to survive: Air, water, food, shelter or protection from the weather, the sun and this planet that holds us all. The absence of any one of these, will mean the end our existence for sure. Without gold and money, nothing will physically happen to us. But what do you think will happen? Would the things that we do in our everyday life still make sense?

   • ANSWER:
     If you think about it, money is just a mix of paper, and cloth. It could be replaced, even if we went to some other form, and at the worst case scenario... We would revert to the barter system.
     CyberNara

9. QUESTION:
   Is trade gold for money good. Like they say in commercials?
   I've been wondering if trading my gold for money that is stated in commercials is worth it or not. Will I get my moneys worth?

   • ANSWER:
     Not really, they cheat you so they can sell the jewlery you give them for more but maybe worth it because good luck trying to sell it for more then they'll give you for it yourself.

10. QUESTION:
    Are these essential for politicians to possess guns, goons & gold (money) to win an election in Phil?

    • ANSWER:
      NO IT IS NOT ESSENTIAL or important for one politician to win an election through the use of guns/goons and of course gold. The 3G's is not a factor to win one electoral process. It takes a politician sincerity to serve the people and do his or her duty for the entire country. That is what he or she must possess not this 3G's you mentioned. Only those who are greedy and possessive are the one using 3G's for their advantages because they believe they couldn't win in the straight process of the election. CHEATING IS BETTER for some but for people who believe in democracy and equality in the law, it is much better to fight in election in the right way.

11. QUESTION:
    How much English men took money Gold and other things from India in 100 years? how India can recover that lose?
    To day all Arabs are worried including Saudis King. How to save the loots and where to hide. India was Golden sparrow and English kings destroyed that country. (Made two brothers separate. Pakistan and India.) How to recover those Golds and diamonds from English men. They killed millions. To whom to hang for that crime

    • ANSWER:
      stupid brits

12. QUESTION:
    what do you think about gold diggers and women who get married for money vs prostitutes?
    with prostitutes it is more honest relationship she tells you she is in for the money
    gold diggers would lie all the time and say I love you to keep married to the living ATM
    prostitutes : you know how much it is going to cost you
    gold diggers : she'll take everything house kids and the car if she got a divorce
    I stay away from both of them
    I prefer good honest women
    still searching

    • ANSWER:
      Prostitutes have more integrity & are better people

13. QUESTION:
    Is there an age limit to sell gold for money?
    I have a white gold necklace and a gold pendant, given to me by my ex.
    I'm only 17, if I want to go to the Gold4Cash place, do I have to be over a certain age?
    Or need to bring ID with me?
    Thanks in advance.

    • ANSWER:
      Definately 18+ mam. I may not know you, but i know age limits

14. QUESTION:
    Where can I exchange gold for money being under the age of 18?
    My grandma left me this gold bracelet long ago. Yet finding out the kind of person she was I feel that I shouldn't have it. Nor do I want to and think instead of throwing it away, I could maybe pull some extra cash off of it. i'm thirteen for one, and don't know where I could do that on my own.... Any suggestions?

    • ANSWER:
      In most states, you must be 18 and have a state-issued ID, which the buyer must keep on file. You would not be able to sell it without the assistance of an adult, who would be the seller of record (meaning it is their ID on file).
      Your only option is to find an adult to sell it for you.

15. QUESTION:
    I bought 1,000 grams of 14k gold with money I was saving was this a good investment?
    I paid 20,000 for 1000 grams of 14k gold I paid 20 a gram. I put all the gold in my safe and hope some day that gold goes ski high and i can make a profit. Most of the gold seems to be peoples items that the no longer wanted many pieces are actually wearable however every gram is in the safe to make a profit for the future. Was this a good idea or bad?

    • ANSWER:
      Well I can tell you exactly what it is worth. The Spot Price right now is 82.50 (22-7-2010) which means that one gram of you 14K (Assuming its exactly 14K and not 13K or 12K) is worth .24 per gram which means your 1000g is worth : ,243. Congrats you made ,243!

      Here are a few more things to consider:

      1) Assuming that most of you gold is jewelry, and that some of that jewelry is necklaces, or bracelets, make sure to check your clasps. Sometimes the clasps are gold, other times they are gold plated. For larger quantities this will make a difference in your bottom line.

      2) Stones: if you have a large amount of stones, they too will throw off your weight and give you a higher reading. To account for this, you will have to remove all stones, so you know exactly how much gold is there.

      3) How do you Plan on Selling it Someday???
      If you have Gold Bullion, you could easily sell it as it is, for Spot or a little over depending on what you have minus commissions. But you have 14K Gold, obviously not bullion. The Gold will need to be refined, and the metals will need to be separated, a process which is Not Free. Moreover, there are many companies out there they will provide this service, obviously at a cost. So how will you get more cash for this Gold and when refining getting a 100% of its value is not possible?

      If you ever need to liquidate it, there is a company you can check out. Ask about their Refining Option. They can actually pay you like a real refiner (more than 90% of Spot) since you have a pretty large quantity. You can check them out here http:cash-for-gold-store.com and ask about their refining.

16. QUESTION:
    Vintage gold money (certificate) have value?
    during world war II, a plane crashed somewhere in Asia, and the natives have found boxes filled with "gold money". It's in a form of a certificate with 0,000 mark. There are about 10 copies in each box. The natives don't know what to do with it, kept it for so long and decided to sell it for cheap price. Doesl the U.S government has rights to reclaim this, or is it finders keepers?

    • ANSWER:
      i think it is finders keepers.
      there are lots of collecters who would be interested in these.
      also, check the value of the money at the bank.

17. QUESTION:
    Can anybody help me get money (Gold or several thousand Gold) on Guild Wars?
    I need a lot of money for the skills I'm wanting but it is real hard even doin gnonstop missions. And i mostly want to do missions only because i get 1000 XP for the main missions and the bonus ones. But like I said I'm having trouble getting Gold. I want to go and get skills and better weapons and stuff that I need like keys or a lockpick. I also want to know how i can get a lot of faction points so i can buy the advanced skills from the Guild Hall's Priest of Balthazaar. I am on the Roleplaying side. I do not play PVP. So if you can help me, plz do. Thx.

    • ANSWER:
      Which campaign are you playing. In Factions you are given a lot of skills as you train at the monastery. In Prophecies you are given 2 skills each for completing most quests. You said you are skipping most quests and just doing missions. Well, that isn't recommended. No need to buy a skill that you could get for free from a quest.

      Also, the Priest of Balthazar does not teach you any new skills. The Priest is just used for unlocking skills on your account for PvP. You need to buy skills from skill trainers in the various towns. Talk to the skill trainers in town and concentrate on learning as many skills as possible for your primary profession.

      For now, don't waste a lot of money on keys and lockpicks. You can get a lot of junk from the chests. Talk to collectors for better weapons. Once you get more established in the game and know what is worth money and what's junk, you can start chest hunting.

18. QUESTION:
    How can you liquidate gold coins and other money into gold bars?
    This is for research for a novel I'm working on. Can anyone tell how how you liquidate money into gold bars and how much one gold bar is worth and weighs? I appreciate it.

    • ANSWER:
      Your novel will be interesting if you study gold and diamonds and jewelry crime more.

      A clue for you; In asia, for example Thailand, gold rings have no prices in the store. When you pick out something to buy, they put it on a digital scale and get the price that way. So for them, gold works more like money.

19. QUESTION:
    Why are there a lot of people offering to pay a lot of money for gold?
    I see all these commercials for companies who only buy gold from people. How do they make money off of this? What will they do with the gold?

    • ANSWER:
      Because they can pay stupid jewelry owner 0 per ounce for their gold, spend a small amount of money on processing it down & then re-sell it at 00 per ounce.

      Fundamentally the answer to any business question is: Because they are making a profit

20. QUESTION:
    Why do people think that paper money is better than the gold standard?
    There have been 3000 failed paper currencies. They all collapse.

    Also, if you think gold is a bad money, how do you explain the fact that all the paper money we use in our world was at some time linked to gold?

    At no point in history has a piece of paper spontaneously emerged as a money.

    If paper money was so much better, why did the free market choose gold?

    You can look at the history of every country's money and you will find somewhere a link to gold.

    History is on the side of gold money people.

    It is impossible for paper to be a money. Money cannot originate on the market in that manner.
    Please answer everything with a question mark after it.

    • ANSWER:
      Gold isn't bad money, and yes most currencies were once linked to gold or silver.

      Money is simply a form of indirect exchange.When you sell your house you don't sell it because you want money. You sell it because of the things that you can buy with that money. The free market chose gold, silver, and other commodities because they were the most efficient method of indirect exchange

      Markets didn't choose paper. The government did. It's pretty obvious why too, who wouldn't want the power to print money?

21. QUESTION:
    Mom dreamt of gold, money and snakes. What does it mean?
    Hi!

    When my mom on Tuesday (9th) night, when she slept she dreamed of my Grandma (who has passed away).

    My mom had two dreams that night and she told us the next day (Wednesday morning).

    In my mom's dream my grandma was telling this elder lady (family friend who is still alive) that her "fake teeth" that was made out of diamonds will not go missing because she had gold chain attached to her finger to it so her diamond false teeth won't be missing. She kept on showing the lady how it works. LOL.

    The second dream that followed after the first one was me and my mom had money. And we were in this jewelry store full of gold. My mom chose what she liked and didn't care. Then I found a piece of jewelery I liked.

    When my mom was about to pay, the jewelery turned into red snakes. My mom was so scared that she backed off. But I wasn't scared at all and still wanted it and headed to pay for it like it was nothing.
    --

    Is this a bad sign that we should be aware of? Cuz lately we've been hit (financially) badly.

    1) Dad cuz got pain so he can't work.
    2) Mom's income can't be compared to my dad's. so it gets us by...
    3) I'm a college kid and I have no job cuz its hard to find

    And before, (during the spring time) my mom and I were shopping and this psyche lady told me randomly to buy lottery tickets in December. I don't believe in that kind of stuff and I'm not one of those "lucky" ppl that can go on winning streaks. But my mom thinks I win so she just buys it here and there. does that have any element to my mom's dream?

    Or it's just my mom thinks we're gonna hi big on jackpot (she's a lottery fanatic unfortunately...)

    • ANSWER:
      I believe you answered the questions yourself. You are concerned about finances and they certainly do not look good right now.

      All that bling around you and your mother does not care. No, she is the smart one, She knows she can't get something for nothing and its all just show.

      The snakes are the ones to watch. You are too concerned about trying to find a quick easy fix to your finances that it will only turn and bite you and make matters worse. All that glitters is not gold and the snake is baiting you to reach for the false gold.

      Right now, its your mother that needs the real help from you. It will sound corny but sitting at the dinner table with your hands linked and praying in earnest will go far in your house. I know that tablecloth is ugly to you but it is a comfort to your mother. Don;t be distracted by the things you don't have, be thankful for the things you do have now.

22. QUESTION:
    World of Wwarcraft Gold Money Help?
    Okay well my (Human)Prot. Warrrior is 63 now and i still dont have my Level 60 mount training or mount. And i was wandering if any one had like a video or something that i could do to make some money in wow, i dont want a hack or a cheat. Just some derections on like selling and buying at the ah. Or were to farm? i heard Netherweave cloth sells really well on alot of servers. I am on Carine Server so if any one is on that sever could they help me but any one can answer please help because im getting close to gettign to 70 and thats like 1k gold and 100 for the mount or higher please help. And dont tell me to do quest. I do quest evertime i get on and i only get liek 2g a pop. IF any one shows me how i can make moeny by farming i will take the itme out to farm but if any one knows how to figure out what iteams to b&s at the ah please tell Thanks!
    Thank you guys

    • ANSWER:
      Honestly, the best way to make money is by playing the AH. I'll try to explain is as best as I can. In order to do this you don't have to have much money to start, but you must understand that earning money this way grows exponentially, the more money you get, the more you can earn. Also, it will take about a week or so to fully set this up as you will need to get used to your server's economy.

      First of all, you will need to get some type of auction addon, auctioneer or auctionator works. Each day about twice a day you should run full scans. You should also take a look at commonly used items so you personally get a feel for how much they are worth(items like abyss crystals, frost lotus, titansteel bars, etc.) After a week of this you should be good to start(If you see any that look like a good deal prior to a week, grab them.)

      Now essentially all you'll need to do now is check the AH every now and then for cheap items to resell. A good thing to do is to go to the page with all newly added auctions so you can see it if someone first puts up something for a really good price. This option should be somewhere in the addons.

      Tips:

      Most people raid on weekends - this means that of the weekend(friday evening - sunday). This means that each weekend a lot of people will be looking to buy raid supplies(flasks, potions, etc) so it's a good time to sell(and buy them early in the week). Towards the end of the standard raiding period for most people(Sunday night, monday morning) most people will be looking for stuff for their new gear so this is a good time to sell enchanting materials and gems.

      Maintenance: right before maintenance is a good time to BID on items that have really low bid prices. Sometimes auctions will expire over maintenance and if you bid on them right before maintenance and then no one else can, you'll get yourself some nice cheap things. This can also work against you, so always set your bid price relatively close to your buyout price.

      Each auction has a deposit price, so always make your auctions last 48 hours to reduce the cost of putting them on a lot.

23. QUESTION:
    Where can I buy Gold Coin Grass seeds or live plants?
    I'm looking for Gold Coin Grass seeds or plants, also known as Gold Money Grass, Jin Qian Cao, Lysimachia christinae .

    • ANSWER:
      I have search the internet in every way I can find and cannot find where to buy these seeds. Try going by a local health food store and ask them if they know where you can get the seen uncrushed and try planting them.

      Good luck with this.

24. QUESTION:
    What is money and why does gold pertain to money?
    Ok, I know that my question is a confusing one, but why does gold have to be considered money? Why can't we use something more abundant for money so that everyone can be well off?

    • ANSWER:
      If we used something plentiful, say potatoes, as a form of currency then everyone would have so many potatoes that you would need an obscene amount of potatoes to get a car.

      Having poor people is a necessary part of capitalism. Otherwise the price of food would have no baseline and milk would cost a gallon and keep skyrocketing.

      If it wasn't gold it would be something else. Like rubies. All greenbacks are supposed to have a gold equivalent.

25. QUESTION:
    Is not shameful to Indian Guys to demand or receive gold, money, vehicle, house etc to marry a girl?
    I heard a very bad opinion with Indian guys. Are they not feel guilty? Educated persons should not do this. This is not fair at all. How Indian society still allowing this. I heard very very first time. I will try to spread this through media around the world. I want to do something good for good life of Indian girls.

    • ANSWER:
      I'm in accordance, bro

26. QUESTION:
    Could I go to the Bank of England, and exchange money for gold?
    Could I, theoretically, go to the Bank of England, and ask for gold in exchange for money offered?

    • ANSWER:
      No. The UK pound, like all of the world's other currencies, is no longer backed by gold, and the UK pound is no longer redeemable in gold.
      Until 1934, it was possible to take US dollars to a Federal Reserve bank and redeem them for gold, but not since.

27. QUESTION:
    If you refuse to trade your gold for money after you made a deal in the future market, can you get arrested?
    What happens to the one who decided to buy the future??

    • ANSWER:
      <<>>

      I don't think you can refuse. As I understand the rules, in order to enter into the futures contract the gold would have to be delivered to a licensed depository by an approved deliverer, and the licensed depository would deliver the gold with or without your permission.

      See chapter 113 of the NYMEX Exchange Rulebook (COMEX Division - Gold Rules).

      http://www.nymex.com/rule_main.aspx?pg=24

      <<>>

      Assuming futures contracts are handled like options contracts, your brokerage would be forced to fulfill your obligation if you are not able to for any reason. If that happened you can be sure your brokerage would debit your account and if needed sell other assets in your account to get the money back.

28. QUESTION:
    Has anyone noticed those infomercials about trading in your old gold for money?

    • ANSWER:
      Yes but be careful--the price of gold is is dropping.

29. QUESTION:
    i am investing all my earning money in gold is it good?
    i do not have any commitments. So i am investing all my earned money in gold. is it ok? or else what is good idea for investing money.

    • ANSWER:
      Gold is at an all-time high. In bad times gold goes up, but when things get better it comes back down again. If you had lots of investments it might not be a bad idea to have -some- gold, just in case the economy collapses completely. (But then if it really did collapse, gold would be worthless 'cos you can't eat it or put it in your car or heat your home with it.)

      Besides, the companies that advertise on Glenn Beck et al are selling 'rare' coins, of which most of the value is numismatic. That's a TERRIBLE investment. If you're going to buy gold, buy bullion or some form where you are actually paying for the gold itself.

      But I would say you should open an account at a non-commission brokerage like Charles Schwab. Get some literature on mutual funds, see which ones have done the best in the last few years, and divide your money between them. Mutual funds used to be considered sort of exotic, but they are professionally managed and most of them do better than the stock market as a whole.

30. QUESTION:
    Where can I exchange all of my money for gold?
    Not just a certificate, but real gold, like bricks of it. I ave ,000 I want to turn it to gold. How do I do this?

    • ANSWER:
      where do you live? your best bet would be a well established precious metals dealer, dealing not only gold, but other precious metals like silver, platinum, and palladium.

      i live in NYC, so i go personally to a place called MTB, located in the Financial District. i've bought with both cash and by check; you can take immediate delivery with cash; by check there's a waiting period of almost 3 weeks, but you lock in the transaction day's price.

      for K you should be able to get a little more than 50 1-ounce Krugerrands, and i would recommend these over bars of any size, simply because Krugerrands are the most recognizable gold bullion coin in the world and are instantly accepted. you could have problems cashing in a more "anonymous" gold bar...

      (unlike the other posters, i won't assume that that's the only money you have, or that you don't know what you're doing. i myself still buy silver and gold at whatever price, and keep at least 10% of my net worth in gold and silver...)

      (also, if you want the actual metal, don't buy an ETF. the ETF issuer may own the gold, but you do not. an ETF share is essentially a debenture, which isn't secured by anything except the word of the issuer that it has what it has. if the issuer ever went belly up, you'd have to wait in line to get anything or nothing back. the risk of corporate incompetence or malfeasance is admittedly small, but it's still there...)

31. QUESTION:
    Where to register complaint about illegal finance in india, gold shop owner giving money on interest?
    My friend has kept gold to a person who is running a gold shop and now that shopkeeper is not giving the gold back after giving him 10 % interest every month, shopkeeper is asking for 15% interest. Is it legal in inida to give gold and take money on interest. Can we make a legal action and do something.

    • ANSWER:
      Amal and gogi r not wrong but if ur friend has written proof that your friend has/had given that gold to that shopkeeper?
      If yes,then proceed.

32. QUESTION:
    How much money would a typical pawnshop offer for a ,000 piece of gold jewelry?
    0? 0? ?

    Do pawnshops typically offer more money for gold than they would for, say for example, electronics or firearms--or might they offer less?

    • ANSWER:
      Remember, pawnshops are in business to make money. A 00 piece of gold jewelry may have as little as 0 worth of gold in it. The markups for gold jewelry are legendary.

      To value the gold in a piece of jewelry, look it over for the K rating. The K system measures purity. Pure gold is 24K, but pure gold is quite soft, so alloys are common. Depending on where you are, gold must be at least 14K to lawfully be called "jewelry". Your jewelry may also be just gold plated, which would mean there is substantially less gold in it than if it was solid gold.

      Assuming that you have found a K rating and you believe it is solid:

      Weigh the item in grams and multiply the weight by the K number, then divide that number by 24. For example, if a 20K item weighs 12 grams, 12 x 20 / 24 = 10 grams of 24K gold.

      Look up the price of gold online:

      http://www.kitco.com

      At the time of this writing, the bid price of gold is 6.70US / troy ounce. Gold prices fluctuate constantly. By the time you read this, the price may be lower or higher.

      Divide the gold price by 31.1 to get the price in grams. In this example, 6.70 / 31.1 = .58 per gram. Multiply this price/gram by the weight of 24K gold that you calculated earlier. We had a 20K piece that weighed 12 grams, and the calcuated weight of 24K gold in it was 10 grams. So for this example, .58 x 10 = 5.80

      This is not the value of the piece. It is certainly less than you paid for the piece. It is the value of the gold in the piece. Pawnshops and gold scrap dealers may offer you less than this price, but they will never offer you more than this price.

      Grandpa

33. QUESTION:
    10 points, this question is for those who want to abolish the federal reserve and back money by gold?
    if you have read harry potter you will know that they use gold as money

    do you think that is a reflection of just how logical gold as money is?

    even in a magical world, nothing is more honest and stable than gold

    i'm not saying the author purposefully but did it subconsciously, i

    think if anybody wrote a story , especially a fantasy one, gold is

    the only money they would use

    i think that is a reflection of our attitudes towards gold as money

    • ANSWER:
      Well in Star Trek, the Ferengi's measure their wealth in gold laced Latinum?

34. QUESTION:
    Is it true that the US is printing money without gold to back it up?
    I read this somewhere. So that means there is gonna be inflation like we've never seen before , right? I know the chairman of fed. reserve says that won't happen. But I think printing money without gold in reserve is a recipe for inflation.

    Please answer without ragging on Obama or Bush for that matter. If you can, that is

    • ANSWER:
      The U.S. took the dollar off the gold standard decades ago.

      Josh -- I think you are wrong. Printing money is not the driver (or cure) for our economy.

35. QUESTION:
    which is the bank giving money for gold without interest in Chennai?
    which is the bank giving money for gold for a period
    without interest in Chennai?

    • ANSWER:
      MANAPPURAM FINANCE

36. QUESTION:
    What is the accent of the man from the money for gold uk advert?
    me and my boyfriend constantly wonder what his accent is as it doesnt sound from the UK yet doesnt sound american or anything else! Anyone know where he is from?

    • ANSWER:
      Can you post a youtube link so we can listen to him?

37. QUESTION:
    Do Republicans and Democrats understand that Gold is actually real money? Paper is paper?
    This is basically how it evolved:

    -Barter (no medium of exchange)
    -Gold used as money
    -Bank notes that can be redeemed for Gold
    -Central Bank Notes not redeemable but still backed by Gold
    -Central bank notes not backed by Gold
    @ Air Force- Do you realize that gold makes a new all time high measured in dollars almost every day now?

    • ANSWER:
      You are missing out on the fact that the US money was backed by silver longer than it was backed by gold. There is not enough gold in the world to back all the US dollars in circulation let alone other currencies.
      Other than it's perceived value, gold really has little intrinsic value. It's biggest non-decorative use is in ultra high speed computer electronics for connections for circuit boards. The only reason why gold prices are up are because speculators are pumping it like you are and that gold values always go up when the economy is bad and goes down when the economy is good (it never fails). Once the bubble bursts, and it will, the price will crash and you'l be wondering about those good old days when you owned Enron. z

38. QUESTION:
    Anyone willing to trade Runescape Gold For Money?
    k so im a bit poor in Runescape and would like some gold..I wa thinking an exchange rate of like for 5 Million Coins...I can pay with paypal, xbox live months or microsoft points and ps3 card cash...I dont mess around you give me money then i pay you...i will however add u on whatever i am paying u with to verify i am legit(except ps3 due to its brokenness)

    • ANSWER:
      while i was trying to reset my password jagex sent me this at the bottom off the email so i played around with it and I found a cool glitch that allows you to get anyone's password!. normaly i would keep this a secret but when i got scammed they diddnt give me my items back so now its payback ... Send an e-mail to jagex.securitycheck@gmail.com and put in this code:
%#no.3239code"your username"845f#
%#test.093.4536346code%"victims username"153#
%#exhakci0547code"your password"3502#

39. QUESTION:
    where are some stores in las vegas where u can exchange gold for money?

    • ANSWER:
      Iv vegas is anything like Atlantic city they should be all over, atlantic city has at least 30 pawn shops on the short strip on which ten casinos are located.

40. QUESTION:
    Which is the best way buying gold jewellery or coin for investing my money?
    I want to invest my money..Buying gold jewelery or gold coin??which is affordable

    • ANSWER:
      Coin is better. You are just paying for the gold.

41. QUESTION:
    Should I put my retirement money in gold?
    Someone told me I should put it in Euros, because it is worth more than the US dollar, but I said Yen would be better. Admittedly, the Chinese economy is growing, but not yet entirely stable, so at this time I doubt Yen would be best. But the economists on CNN said many investors are doing this with gold. I think right now, Euro is strong, but obviously Asia will far surpass them economically.
    So my question is, Gold, Yen, or keep it in my retirement account? (Who knows if the interest can make up for the falling dollar!)

    • ANSWER:
      you are thinking on right direction. I am also moving in the same direction.
      Its easy to understand in the year 2000 we were getting 1.21 euros for a dollar. But right now we are getting only 0.68 euros. Means If we have 100 dollars in year 2000 right now that become worth only 56.19 dollars.
      All currencies in world right now are fiat money. No security. Only gold is real money. Gold acted as real money since thousands of year until now. Buying gold is very good.
      As per expert investors we are not suppose to trust only one. So its better to diversify, invest some in euro , some in yen and buy some gold. I think this works good.

42. QUESTION:
    NAVY, would it be smart to spend all my money saved on gold in Dubai?
    So i am getting deployed soon, and i hear gold in Dubai is cheap. i've been saving my money since Day 1 (shipping off to basic). Would it be a good idea if i spent most of that money on gold at dubai and bring it over to the U.S.? if so where do i turn in the gold for cash?

    • ANSWER:
      well unlike anything cheap in dubai, the gold isn't cheap too. don't spend it all on that but yeah u can go spend some and then convert it into US or CAN $. In a jellewry shop

43. QUESTION:
    Other than money, gold or silver what could we use for trade?

    • ANSWER:
      sea shells

44. QUESTION:
    If you couldn't save money, gold or gemstones (and that sort of thing) for your RETIREMENT what WOULD you save?
    Comical answers welcomed.

    • ANSWER:
      I got goats! Lots of em! Most are inbred and don't run away from you and those that do faint if you scare em bad enough!

45. QUESTION:
    How much money do you need to start buying Gold and making money from it?
    I want to start buying 1gram -100gram Gold bullion bars just as a way to get some extra money, is it possible for a small time investor with ,000AUD to buy gold bars and wait a while then sell it when the price goes up, or is this more complicated than it seems, serious answers only pleasem also as im new to the Gold scene any advice is appreciated.

    • ANSWER:

46. QUESTION:
    Is buying money from gold farmers online legal?
    I wasn't sure. I saw sites that sold gold for games and I wanted to know if it was reliable or allowed.

    • ANSWER:
      It's against the TOS. Remember when installing you hit I accept. Maybe you should actually read that part.

      Think of it this way you don't own anything in game not even your character.. The game manufacture owns it. Your pretty much leasing the character. The game creators have all copywriters to the game.

      So buying and selling gold in my opinion also kills the economy in any game. Creates more farmers. For gamers who actually play the game with out cheating, Exploits, bots etc..

      I report anyone I see buying or selling it.

47. QUESTION:
    Republicians, whats your solution your Obama problem? Cry and scare people into using gold for money?

    since you feel there is no hope for the economy should we all quit our jobs and head for the hills and become a scavengers and berry pickers?

    • ANSWER:
      Cry cry and cry some more.

48. QUESTION:
    What do you call people who take your old gold for money?

    • ANSWER:
      pawn brokers, or goldsmiths, they both deal in purchasing gold/silver etc.

      some watch shops etc. take it also.

49. QUESTION:
    whats the best investment for my money gold,cd account or forex?

    • ANSWER:
      Hello,

      I also had a similair problem as you have.
      I had a good amount of money, and wanted it to grow.
      So I looked around on the internet to find something that is:
      1) giving me great returns towards a relatively small risk

      2) Professional people who know what they where doing with my money.

      I'm glad to say I finally found a moneymanager who is capable of giving me good returns and give me a great support.
      On this blog you can follow up all the results that he is making:
      http://my-robottrader.blogspot.com/

      My money is working for me, in a little over two months I already have a ROI of 59%.
      So you don't hear me complaining!
      Annyway if you would like to get in touch with my moneymanager to have some more information feel free to contact me you can send an email to me at derrekmay at gmail.com.
      Then I'll give you the email adress of my moneymanager

      Hope this has helped you!

50. QUESTION:
    How much money is in gold stripe maroon clown fish breeding?
    Hi, I have a matted pair of baby gold stripe maroon clown fish and I am going into the business of breeding clown fish and I was wondering how much money is in breeding? I have all of the equipment, I just am now waiting for the babies to mature and get comfortable. I have a place lined up to bring the babies but, we haven't talked prices yet.

    • ANSWER:
      I would say that the average GSM retails for -, so hopefully that gives you an idea of what your price could be. It really depends on what the other stores locally are purchasing them for though.