Oh, let’s see whats floating around the interwebs today:
The Gold Standard Goes Mainstream
I freely admit that I really don’t know enough about economics to really see both sides of the argument as well as I should…BUT, I will say that given the choice between someone offering me $100 cash and $100 in gold, I’ll take the gold every time.
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Six arrested in two more Central City looting cases; police credit citizens’ vigilance
Vigilance is fine, but it’s also a toothless guard dog. Calling 911 is, of course, the proper response to seeing looters working your neighbors house or your buddy’s business. The second proper response, however, usually involves two hands with one holding the stock and the other working the action.
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Perhaps the notion of arming the law-abiding to deter the law-breaking is going international:
Russia May Legalize Possession of Handguns
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The world gets more and more interesting every day……..which, of course, is why we prepare.
My station went to a fire at a K-Mart a few weeks ago; air handler burned up and filled the place with smoke. As soon as we walked through the front door and said “evacuate”, people started stealing. I don’t know if it can be called looting because there wasn’t any B&E involved, but they just grabbed an arm-full and headed out the front door. It was unreal. Usually we’re communicating with the police for crowd control, not “grab the guy with the throw rug under his arm.” May have been a different scene if it was a mom and pop store.
From Detroit, people are actually upset that law-abiding citizens offered an alternative to a police- and church-supported gun buyback event. The citizens offered just as much as the buyback program (sometimes a lot more depending on the gun) and did it legally. Detroit police, however, characterized the competing buyback program as “probably” legal.
http://www.detroitnews.com/article/20120831/METRO01/208310377/Gun-buyback-deal-nets-365-firearms?odyssey=mod|newswell|text|FRONTPAGE|s
“…I will say that given the choice between someone offering me $100 cash and $100 in gold, I’ll take the gold every time.”
I dunno, man. If somebody offered me two thirds of a 1/10oz Eagle, I’d look at him kinda crosseyed.
I think we left the gold standard becauuse it leads to very very tight money policies and thus also strangles economic growth. Any return to that policy, I believe, must address that issue. The cure can be ss Bsd as the illness as we are witnessing now in the current Monopoly money Fed environment.
Hobbes0331,Hard to say w/o me seeing the look aciton. The Kern River does have very fine flood gold in it. One good way to check for real gold (even tiny specks micro flakes) is sun vs. shade viewing. Fool’s gold, mica flakes, etc., will shine in the sun but go instantly dull in the shade. Real gold will have a nice gold luster in both. Real gold should tend to hold in the black sand and not move if you use little laps of water, not big washes. Pan some real gold to check the difference.