Monday, June 29, 2009

Cash4Gold to buy U.S. Gold Reserves!

This is one of the funniest press releases that I have ever seen! In an attempt to stave off the financial crisis, Cash4Gold is offering to buy the U.S. gold reserves. The 240 billion from the sale will go to fix the economy and get us out of the mess that we are in.

Maybe instead of going to a paper currency, the government should have stayed with the gold standard. When there is a gold standard, there is only a set amount of money that can be in the economy; with a paper standard the amount is unlimited. Gold is a real commodity, but a dollar bill is worth whatever the Federal Reserve wants it to be worth. The current economic crisis has driven gold values to an all time high, and if you have any gold lying around, chances are you can get a pretty penny for it.

The article goes on to tell that the plan was devised by the treasury secretary Timothy Geithner after seeing one of Cash4Gold’s commercials on television. With the way things are going, I had to read the press release twice before I realized it was satire.

You can’t take gold jewelry to the grocery store and buy a pound of bologna for it, and Cash4Gold is a good place to sell your gold.

1 comment:

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