PDA

View Full Version : Gold backed by US Dollar???... watch this news reporter (cute)


chrisiden
09-27-2011, 06:47 PM
you be the judge...

http://www.youtube.com/watch?v=aWyrjwXoIqA&feature=player_embedded

bottle collector
09-27-2011, 06:54 PM
OMFG!! We've officially entered the twilight zone for good. According to her gold is backed by nothing and the USD has the Federal Reserve as insurance!!! Holy freaking cow! I need a beer after that (and I don't drink). Apparently she has no idea what intristic value is.

Stewie
09-27-2011, 07:02 PM
That was by far the most stupid thing I've listened to this week.

Media freggin propaganda.

That was absolutely IDIOTIC. And to broadcast it nation wide demonstrates Government KNOWS just how stupid the 90% of the population, IS.

Rockhounder
09-27-2011, 07:09 PM
When the camera red light is on, any dead air (crickets) and you're given the pink slip.... soooo..... just say the first thing that pops into your mind....... She's just a pretty face, with no understanding that the talking point she was handed a few seconds before are complete idiocy and propoganda.... bet she hears from her father or husband tonight..... you dummy!:D

030206163
09-27-2011, 10:31 PM
Ugh. . . I assumed it was fox news in america. . . sadly I found out it was a Canadian news broadcast. . . I feel so ashamed :(

Although it might have been a horrendous lack of proof reading, I've seen pics of the big three (Roosevelt, Churchill, Stalin) being dated as 1963 on it, so who knows.

But I'm just making excuses, I guess that why they call Alberta little. . . well you know what if your Canadian :P

NorthernCraig
09-27-2011, 10:43 PM
Welcome to Calgary.... hahahahaha :D

ZeroSum
09-27-2011, 10:54 PM
Wow. I watched that and my nose started to bleed.

030206163
09-27-2011, 11:01 PM
Wow. I watched that and my nose started to bleed.

LOL That sums it up well :P

coindog
09-27-2011, 11:02 PM
OMFG!! We've officially entered the twilight zone for good. According to her gold is backed by nothing and the USD has the Federal Reserve as insurance!!! Holy freaking cow! I need a beer after that (and I don't drink). Apparently she has no idea what intristic value is.

that was too much. I had to watch twice to make sure. that had to be a twilight zone trailer. HA, HA, HA. :eek:

Scorp
09-27-2011, 11:11 PM
wahahaha, CTV economic expert that probably usually does the weather forecast and was put on gold analysis because noone else could.

CTV's big shows are Dancing with the Stars and the X-Factor.
Gives you an idea of how much economic analysis credibility they deserve...

wgadget
09-27-2011, 11:13 PM
I think it's gonna be used in a Herman Cain trailer. Trailers are all the rage these days, donchaknow.

Jonathon Ross
09-28-2011, 01:52 AM
Wow, she's almost as dumb as Rachel Maddow of MSNBC.

Chump Change
09-28-2011, 02:18 AM
So Alberta:
Todd Hirsch is your go to guy...huh.:cool:

"Todd Hirsch Alberta's Foremost Economist"

Friggin Genius!

http://www.toddhirsch.com/

I'm just giving credit where credit is due.

Take her microphone away and she is pretty hot!

http://www.youtube.com/watch?v=6-TvAqv43p4

tcg1022
09-28-2011, 09:12 AM
So Alberta:
Todd Hirsch is your go to guy...huh.:cool:

"Todd Hirsch Alberta's Foremost Economist"

Friggin Genius!

http://www.toddhirsch.com/

I'm just giving credit where credit is due.

Take her microphone away and she is pretty hot!

http://www.youtube.com/watch?v=6-TvAqv43p4

Id like to give her a microphone of my own!

bottle collector
09-28-2011, 09:16 AM
I just watched it again and noticed she said investors are more comfortable with the USD being around a year from now. I can only assume she meant as compared to gold since that what the subject of the report. Gold has been money for about 5000 years and the unbacked dollar has been for less than 100 and she makes a statement like that! Rod Serling had to write that piece.

ksilver
09-28-2011, 09:53 AM
Apparently none of you listened to the video closely, she didn't make that statement "Todd Hirsch" did. You automatically assumed that the only thing that could come out of a woman's mouth is stupidity... So? How's your gold stack doing? :D

GoldNuggetBug
09-28-2011, 10:05 AM
I almost have a heart attack at my age, lucky I had my pill under the tongue! before look at the vedio: ))
Come to think of it, maybe she is correct if she talk about paper gold back by nothing!

usc96
09-28-2011, 01:03 PM
OMG! That clip so reminded me of this one.

http://www.youtube.com/watch?v=u1WSs9B4H5s

For those who can't view videos at work, it is the US Congressman who asked the Commander during a Congressional hearing whether the addition of more military units to the tiny island of Guam might cause it to capsize. :eek:

Chump Change
09-28-2011, 01:12 PM
Apparently none of you listened to the video closely, she didn't make that statement "Todd Hirsch" did. You automatically assumed that the only thing that could come out of a woman's mouth is stupidity... So? How's your gold stack doing? :D

I listened!
I gave Todd credit!

I was just saying:
She would look so much cuter with something in her mouth!


EDIT:
I am planning on taking a vacation to Guam next spring...is it still there or has it tipped over yet?
That congressman would be much better as a pedestrian. Get off the belt way!
What a dolt!

Thanks for the reminder post...I had forgotten about that idiot!

SecretArgentMan
09-28-2011, 11:36 PM
Just saw this clip while reading the comments over at zh.

http://www.commodityzen.com/2011/09/gold/gold-isnt-backed-by-anything/

Good for a laugh anyhow.

"... some investors aren't confident [about] what gold is backed by, or if it's backed by anything at all, as opposed to something like the US dollar." :p

No one said reporters were experts on what they report about, right?

SilverSurfer25
09-29-2011, 12:16 AM
She was probably talking about paper gold or something not physical.

I hope...

Valence Electrum
09-29-2011, 01:30 AM
Just saw this clip while reading the comments over at zh.

http://www.commodityzen.com/2011/09/gold/gold-isnt-backed-by-anything/

Good for a laugh anyhow.

"... some investors aren't confident [about] what gold is backed by, or if it's backed by anything at all, as opposed to something like the US dollar." :p

No one said reporters were experts on what they report about, right?

We should be thankful that reporters can digest their own food.

Ten bears
09-29-2011, 07:17 AM
I think this qualifies as the funniest thing I have read in 4 years here at Kitco.

Good find.
TB

Long Money
09-29-2011, 08:01 AM
This is why we stack

OvertheHedge
09-29-2011, 08:05 AM
She gets a pass because she's cute.

When you think about it, most television news is just shy of soft core porn now. Find the cutest women you can, stick 'em into dresses a couple sizes too small, give them a high-dollar call girl make up and hair style, and walaaaahhhh... you have a new batch of journalists.

SiberD
09-29-2011, 08:14 AM
I'd hit that but wouldn't want her to have my children ;)

goldhunting
09-29-2011, 08:39 AM
Thank you Bridget, but the truth is each gold coin is backed by a Widget.

SecretArgentMan
09-29-2011, 11:13 AM
and it's still hilarious...

Moonstruck
09-29-2011, 12:35 PM
The reason I buy Gold and Silver coins. Is due to them NOT being backed by anything. They have no counterparty risk and stand on their own as an investment. All paper investments I can think of, have some form of counterparty risk. That risk seems to be growing larger as time goes on. :eek:

Krank
09-29-2011, 12:49 PM
Very pretty young lady . . . but I wonder why she died her hair brown.

housemouse
09-29-2011, 08:54 PM
Ah, to be young, beautiful, and stupid again!

But, upon thinking.... nah! I would rather have an asset backed by "nothing".

SmPot
09-29-2011, 09:00 PM
But fiat is paper blessed by the Treasury Wizard!

Little KillBuck
09-29-2011, 09:36 PM
The Man in the Lead has met his match..could probably use her in his next column.

silvertooth
09-29-2011, 10:12 PM
If she only showed a bit more cleavage I'd watch daily (with the TV muted).:p

SterlingSilver
09-29-2011, 10:58 PM
Someone had to tell her that just to see if she would repeat it on the air. That made no sense at all.

LakotaMoon
09-29-2011, 11:21 PM
A blonde carrying the water.

godgold
09-29-2011, 11:44 PM
it's back by the people's faith in preserve their value, for hundreds of years gold is believed as the wealth and not changed even by now. As my view, people's faith in gold isn't crashed yet, so fed is nothing to the human't faith. Us dollars will finally fall apart, just a piece of paper.

XavierOnassis
09-29-2011, 11:53 PM
I was in a home poker game with friends last night (small game, we play for quarters). These guys are all professionals and executives, and I wanted to see what their reaction would be to something. About halfway through the game I threw a replica AGE (from eBay, $8.95) onto the table - it looks very much like the real thing.

The game stopped while the coin was passed around, and I was amazed at their total lack of knowledge about gold. I had to explain what it was - a modern American 1-ounce gold coin (I didn't tell them it was a replica, at first).

Reactions were: "Wow, that's worth almost two grand!" "Yeah, before it dropped - it's not worth a s**t now." "I bet all those people who sold their gold jewelry a couple of weeks ago are glad they did it - the stores that bought it are going to go broke, they got burned so bad."

I told them a coin like that is still worth over $1600., it had been up 45% for the year and now that gold has dropped it's still up over 20% in one year and that's been going on for awhile. They were surprised - they all thought that gold had dropped so badly it was almost worthless, and everyone had lost money on it.

A friend who's VP of a regional bank here knew the LEAST about gold, and that surprised me. He's the head of his bank's commercial loan department and he's real knowledgeable in that field. He sure doesn't think of gold as money in any way and he wasn't even aware that modern U.S. gold coins exist. He thought the coin was pre-Roosevelt, noticed the face value was $50., and asked me if the $100. coin was twice as big!

I finally pointed out the word "copy" on the coin and we resumed the game. I learned two things, though. First, far from being in a bubble, gold isn't even on the radar yet for many people - and these guys invest in stocks, bonds, real estate, etc., and have for years. They sure don't consider gold and silver to be real money, but I do.

Second, the media has been very successful in making people believe that gold is a poor investment.

Locutus
09-30-2011, 02:00 PM
Funny thing is, she is technically correct to say that gold is not backed by anything. But unlike FRNs which are "backed" only by the "full faith and credit of the US Government," :rolleyes: gold does not need any backing due to it's own intrinsic value. To the extent that that value is in the perception of market participants, this perceived value can vary. Hence the market swings, giving due consideration to the manipulation by JPM, et al. :mad:

blackkramer
09-30-2011, 03:43 PM
Video is down, anyone know where a different copy of this is?

Thats my home town she is reporting from!

fl57caveman
09-30-2011, 04:01 PM
Video is down, anyone know where a different copy of this is?

Thats my home town she is reporting from!
they took it down, here is one someone made of it before they took it down...

http://www.youtube.com/watch?v=ZlyEonJ66Wg

blackkramer
09-30-2011, 05:40 PM
I saw in on Youtube. It's good to know that the Fed will be around in a year when gold might not! I was just about to put my money into something that would magically disappear!

TigerEye76
09-30-2011, 10:13 PM
Her vote counts the same as yours....

arctree
10-01-2011, 09:25 AM
Its been removed. Some hogwash about a copyright claim.

Pity I missed it. Anyone got another link to it?

Please post another link. :o

..... Ok Its on You Tube... Wonder if she ever thinks lateraly before broadcasting?

Guess their where a lot of question marks over peoples heads after that.

Its the ones that didnt have question marks that worry me.


.

chrisiden
10-04-2011, 01:49 PM
here's a quick lesson by a lady reporter telling us why Gold is not as good as the Dollar because it's backed by The Federal Reserve... :confused: Hummmmmm....:(

http://www.wealthwire.com/news/headlines/1973