Forum Replies Created
Food for thought:
A precondition for any form of currency is to be trusted, for a sustained period of time, by a large number of people. – So far, history teaches us that only gold as accomplished that condition relatively well. – Other forms of “real values” have (so far) done relatively well: Certain forms of Arts and collectables.
Government backed currencies (or backed by so-called strong financial enterprises) have eventually become fiat money. – To-day’s ‘official’ currencies will eventually become fiat money.
Your on your own! Good luck!
P.S. Steve Sjuggerud at Stanberry Associates, wrote an article entitle: The “Never Lose Money” Currency Investment. – I’m favorably impressed by Steve’s findings. – I wish some members would review Steve’s article and contact me with comments.September 24, 2013 at 2:12 pm in reply to: Protection against the imminent collapse of overly indepbted currencies. #27088
CLIVE RUSS: “That simple eh? Mmmmmm” – Your right Clive, that was my reaction also. Nevertheless, Anybody has comments on the subject?
Like you i felt like buying 100,000 shares at $0.02, That’s only $2,000. – What is holding me back is how ridiculous I would feel if I loose that amount too. – Gerald
First : Why was it so difficult for Chaoda to find an auditor? – Second : I ubderstand that Anonymous activist indent and report are open to self interests, nevertheless their allegations seems quite plausible. – Third : With the massive level of fraud rumors running over very powerful Chineese leaders it is difficult to assume Chaoda’s chairman Kwok Ho and CFO Andy Chan are necessarily innocent of wrong doings. On the orher hand Rob’s update of September 30 – 2011 convinced me of holding on my Chaoda’s shares.