putinpunhere

This joke deserves a like the Canadian way: magnifique!

DukeofAnarchy

Canada sells off large chunks of its gold reserves

Very misleading. Canada didn't HAVE any significant gold reserves. Look at the chart: https://shawglobalnews.files.wordpress.com/2016/02/canada-gold.png

Almost all the gold was sold in the 1990s.

Marijuana_Merlin

Good. The Gold Standard is useless, unless we based our entire economy off of building circuit boards and shit for space. I see a lot of short sighted comments already talking about a dive in the economy. This is how shit works. Either we (Canadians) do this now and save ourselves from the future or get royally fucked when humanity realizes that Gold is just shiny and resources for food and basic living are the real thing and we get fucked then, probably more so.

Seius

So what would you like to buy my chicken with when your dollar collapses? Since you dont have any gold or silver, maybe you will let me fuck your daughter, no wait, heres three healthy chickens and half an ounce of gold, ill keep her and fuck her every day.

Marijuana_Merlin

Are you just that dim witted you have to strawman the fuck out of my original post? Did I say anything bad about the dollar? No. I said the gold standard sucks because it is an arbitrary resource that we based currency off of due to it being SHINY. You can not eat gold, you can not build a house or bed out of it. We need money that is based off our natural resources. Resources are where a nations wealth truly is. Not some arbitrary precious metal that is only good for traveling in space and making circuit boards. Go back to listening to Glen Beck you freaking clown.

PS: A straw man falling down a slippery slope fallacy, a proper argument does not make.

Seius

It's not arbitrary you short sighted fuck, it's a limited resource that is maleable and easily minted. There is a reason it has been used for a long ass time, and there is a reason an ounce of gold could buy you a pretty nice gentlemans outfit in 1860, and you can still do so with an ounce of gold now, it does not inflate because it is a limited resource.

Take a high school economics class if you can't understand this stuff, and get your head out of your ass watching CNN and FOX for your limited education.

Marijuana_Merlin

lol I watch CNN and FOX now? way to invalidate youre entire argument by trying to make assumptions. Gold is useless, you need a history lesson, not an economics class.

mentallydeficient

Not so strong or free anymore now, eh? At least the chimp-ass sheboons aren't welcome.

toobaditworks

Dumb move Canada.

mHtt

fuck u dude. conservatives had their chance, spent 10 years running this beautiful country into the ground. If u dont like it, go join ISIS then do what you propose and see what Canada is really aboot.

fucker.

El_oso_mugroso14

"Aboot" fucking loved that part lol

thisismyfist

its because they took the guns away in canada. People will lose every time now.

thisismyfist

first Canada is on the wrong side of history - it being a de facto colony of america and therefore a partner in the ongoing war on terror(tm) - but now is on the wrong side of economy too.

Amateur_Wizard

Goddammit Canada is fucked

antiplebbitor

Interesting. Canada must be really hard up for liquidity...

Amateur_Wizard

Fucking Fagdeau

OcculusResurrectio

Gold is up $40 today. It's already heading higher.

Amadameus

You're right, but the picture you're painting is of financial instability and continuing the recession - not a doomsday scenario.

I live with someone even more susceptible to conspiracy theories than I am, so I've heard 'em all: China's market is run by computers and will explode, the Jews will financially rape everyone on a religious holiday, the Second Coming of Christ (no, I'm not joking) and Wall Street's imminent collapse... the list goes on and on.

I've been hearing dire warnings for years - all with convincing arguments and specific deadlines. None of them have ever come to pass.

It's going to take a lot more than financial instability (the kind we should expect with current politics) for me to give any fucks.

sinjinsmythe

I can predict with accuracy the market will go down, then up, then down, then up, repeat ad nauseum.

My free advice: Buy low, sell high.

Amadameus

I've been hearing doomsday warnings about a "coming financial crisis" ever since Y2K.

Starting to get rather old, this same old scare story to convince people that precious metals are the only safe place to invest.

OcculusResurrectio

Were you asleep for 2008?

pitenius

Y2K? Look at 2008. It came.

Metals can be a good investment.

Amadameus

Metals can be an excellent investment!

I think I'll go buy a bunch of gold and then put out a huge wave of scare ads on FOX, then sell while it's artificially high. Easy money.

pauly_pants

Well we've had at least two since then. If you're meaning some sort of full blown apocalypse...you should probably get out more.