Soros is the biggest winner in the gold market. There are even rumors that Soros was behind the banking collapse last year.

"Soros: US Banking Is Basically Bankrupt"

"George Soros interview: A very good crisis"
"George Soros is having a very good crisis. Other investors are wilting, political power structures are being upended and market economists are scrambling to fashion new theories, but the world's most famous speculator is having a belated heyday."

"It is, in a way, the culminating point of my life's work,"

"Yet today, he says, all those strands seem to have come together "the American election, the financial crisis, the theory of reflexivity, so it is actually a very stimulating period"

Remember. The dollar is a faith based currency. With Obama running multi-trillion dollar deficits on top of a $100 trillion debt, foreigners rightfully fear a dilution of their dollar assets. It's obvious to foreigners that America is going broke. Most Americans don't get it.

Then what caused the high in March 08?

Gold and the dollar move in opposite directions. In March 08, the dollar was hitting a low against other currencies. I can't recall what triggered the sudden reversal. Then, the dollar was thought to be a safe haven. Today, it's widely recognized among traders as a weak currency. What a difference 18 months makes.

Tell Me something. If it takes more dollars to equal a dollar in todays economy doesn't that mean that Gold is really only worth say 500 Dollars an ounce?? Or am I all wet??

Larry

If it takes more dollars to equal a dollar in todays economy doesn't that mean that Gold is really only worth say 500 Dollars an ounce?

If you are paying 500 dollars an ounce, you're getting ripped off.

Oh... this isn't acupulco gold... damn.

Why would you pay a ridiculous amount of money for metal? You can't smoke it, so it's not as valuable as weed. You can't cook with it, so it's not as valuable as saffron.

Wait... it's shiny? Can I make an Escalade out of it? Ok, cool. Get me some.

LOOK I know absolutely NOTHING about gold. The only gold that I own is in My mouth. THAT'S IT. So I don't know how much it's worth. I'd take old time hand tools over gold any day of the week. You can make more money with hand tools than You can with gold.

Larry

"Remember. The dollar is a faith based currency. "
...

#2 | Posted by Ray

All currencies are faith based, dummy. Did gold just suddenly get more scarce?

All currencies are faith based, dummy. Did gold just suddenly get more scarce?

#9 | Posted by nullifidian

If I'm the dummy, then you should be telling me why gold is as much a faith based currency as the dollar.

If you are paying 500 dollars an ounce, you're getting ripped off.
#6 | Posted by ZombieHunter

Knows as much about economics as he knows about nutrition. Which is to say - nothing.

"you should be telling me why gold is as much a faith based currency as the dollar."

Well -- all due respect -- you have faith the economy will completely collapse, and (even more important) you have faith after the collapse, people will honor the most recent exchange rate.

I have also noticed that Green has hit an all time HIGH too!

I have also noticed that Green has hit an all time HIGH too!

Damn pot speculators...

Well -- all due respect -- you have faith the economy will completely collapse, and (even more important) you have faith after the collapse, people will honor the most recent exchange rate.
#12 | Posted by Danforth

Christians like to apply that word faith to scientists too. You get offended when I tell you I have a better understanding of economics and history than you do. But that's the way it is.

For the record, I have only a general idea that this will be a bad collapse, much worse than the 30s. No one can predict with a high degree of certainty how bad it will be.

Here, Dan. You're a finance guy. Do the math.

"I also pointed out that the crushing weight of U.S. debts ($11 trillion "national debt", $57 trillion total public/private debt, and an additional $70 trillion or so in "unfunded liabilities") was simply overwhelming any modest economic forces pushing the economy away from collapse. Two news items this week demonstrate precisely how and why this debt-load is crushing the life out of the U.S. economy."

"You get offended when I tell you I have a better understanding of economics and history than you do. But that's the way it is."

I've beaten the market handily 9 years out of 9. I also have always believed your core concepts to be correct. So...tell me again I don't understand what's going on.

"Do the math."

I have. It hasn't reached the tipping point yet. And you should know better than most, when you're speculating, timing is critical. If, for example, a breakthrough in fusion happened tomorrow, all bets would be off, and gold would drop like a rock. Personally, I prefer to cover more scenarios than one.

"For the record, I have only a general idea that this will be a bad collapse, much worse than the 30s. No one can predict with a high degree of certainty how bad it will be."

Well, that's a bit of backpedaling. You've been certain every moment before this.

Oh, and for the record...I believe it will be as bad (or worse) as you've predicted. As I've said often, no one escapes the economic laws of gravity, even the great USA.

Dan. I have no doubt you are skilled at finance and trading. That's not economics and history.

I'm not speculating. I started accumulating physical silver and gold seven years ago. I'll keep accumulating until their prices explode. Timing is not important to me.

In the long history of fiat currencies, every one was a failure. The future demise of the dollar could not be more certain.

Given the state of OTC derivatives and the banking system, there is a reasonable possibility of a systemic collapse that would impact on the stock market.

Well, that's a bit of backpedaling. You've been certain every moment before this.

I've vacillated on the details, but not the general direction or my investment strategy.

"Dan. I have no doubt you are skilled at finance and trading. That's not economics and history."

You're full of shit. It's all about economics and history.

"I'm not speculating."

Of course you are.

"I started accumulating physical silver and gold seven years ago. I'll keep accumulating until their prices explode."

Or implode.

"In the long history of fiat currencies, every one was a failure. "

That's like saying all civilizations fail. They do, but if you're wrong on the timing, you lose.

"The future demise of the dollar could not be more certain."

While I agree with you on a macro scale, the micro aspects can always derail. As I pointed out earlier, a breakthrough on energy (for example) would drop gold like a rock.

"In the long history of fiat currencies, every one was a failure."

That's like saying every previous nation/state/empire, etc. was a failure, because it no longer exists.

That's like saying all civilizations fail. They do, but if you're wrong on the timing, you lose.

That's what's interesting about investing. What may seem to one like a gamble, to another it's a sure thing. We'll just have to wait to see how this works out.

"What may seem to one like a gamble, to another it's a sure thing"

Oh, it's absolutely true...according to the geological clock. The problem is, every tick can end up being thousands of years. Not that it'll take that long for the USA to collapse under its own weight (it'll happen within a generation), but, as with all speculation, if you time it wrong, you expose yourself to incredible losses.

as with all speculation, if you time it wrong, you expose yourself to incredible losses.

You're only telling me what you don't know about the nature of money and the international forces at work to dethrone the dollar. Every attempt in the past to replace gold with fiat money ended in failure. This one is well along that path.

The feds are running out of credit and creating money at record rates to keep their massive Ponzi Scheme going. The chances of a systemic collapse were never greater. To put faith in dollar denominated assets is almost certain to expose yourself to incredible losses. Things are not what they seem.

"You're only telling me what you don't know about the nature of money and the international forces at work to dethrone the dollar."

You must have missed the part where I agreed with you. I'm very familiar with what's going on, I just have severe doubts folks will honor your exchange rate after the collapse.

I just have severe doubts folks will honor your exchange rate after the collapse.

That's the least of the problems to holding physical gold and silver. If there is an exchange rate, there is a market. 90 years ago, one could get only $20 dollars for an ounce of gold. Today it is $1,000. That's a dollar devaluation of 98%. That trend that should serve as a warning to you.

I have also noticed that Green has hit an all time HIGH too!

#13 | Posted by donnerboy

Really? I have been smoking the stuff for 20 years and have NEVER seen it go up in price.

$40 eights and $250 OZ's all day long in the Green State of Oregon!

$40 eights and $250 OZ's all day long in the Green State of Oregon!

Oregon has schwag.

Oregon has schwag.

#29 | Posted by kanrei

lol

Actually, we let the stepped on B.C. crap flow down to California.

"Actually, we let the stepped on B.C. crap flow down to California."

LOL. California has the dankest weed anywhere. :)

LOL. California has the dankest weed anywhere. :)

#32 | Posted by nullifidian at 2009-10-07 02:11 PM

We in Miami look at statements like that and say "how cute, they think they have the Krippies"

CA has some good weed. But there is more crap weed in that state than any other. They get the de-crystalized stuff from B.C. and the brick weed from Mexico.

But the stuff they grow up in NORTHERN CA, (on the border of Oregon) is right up there with Oregon weed. Ever been to Eugene?

But the stuff they grow up in NORTHERN CA, (on the border of Oregon) is right up there with Oregon weed. Ever been to Eugene?

35 an oz for dank weed in Arcata. And most of that dank weed they grow in Humboldt goes where? California dispensaries, that's where. Oregon will be great when they get dispensaries, but until then, Cali's the place.

p.s. Location isn't all that important for growing, since most of it is grown indoors anyway. You can grow BC Bud in LA.

Guessing the answer is no. You haven't ever been to Eugene. You would know more about this subject if you had.

Not trying to poo poo the weed in Northern California. IT is very good. I'm just saying, 15 years in the area and I have a little bit of knowledge on the subject.

We don't need stores to go purchase our weed from. Distributors here can carry 3 pounds of the stuff anywhere they want.

The only thing I know about Eugene, Or is that is the place people from Boulder, Co go to get away from the stress of life. Considering how laid back Boulder is, I can only imagine the coma that is Eugene. Must be great.

That and Cougar Hot Springs.

"Considering how laid back Boulder is, I can only imagine the coma that is Eugene. Must be great."

It is. I spent a few months there recently. Didn't hear a single car honk. I was astonished. Very liveable town.

You know why all the hippies live in Eugene?

There's no jobs there!

(Cougar HS is a cesspool. Check out Bigby HS next time through.)

Sorry, Bagby Hot Springs.

"We don't need stores to go purchase our weed from. Distributors here can carry 3 pounds of the stuff anywhere they want."

What are you talking about? There are no dispensaries in Oregon. You have to find a connection. You can't open the Eugene Weekly and view ads with coupons for OG Kush at dozens of stores like you can in LA.

My only Oregon exposure was when I saw Chuck Berry open for the Dead in Portland in 95.

I was there. Called that ShakeDown St. the day they announced the tour.

And after Portland, the Music Stopped for me.......(Vegas was awesome that year.)

But don't you need a card to purchase it there Null?

That's a little restrictive.

I thought you looked familiar. You were in the tye-dye, right?

Seattle was awesome for me. My first (and last)Help-Slip-Frank AND Scarlet-Fire.

The June 2nd Shoreline was the best show I have ever seen though and I hate Vince, saw Brent, and saw Hornsby with them.

"But don't you need a card to purchase it there Null?

That's a little restrictive."

Sure. But that's easy. Any one can get a script. Cost you from $75-150 for a script good for one year. And once you get it, no more risk of purchasing from street dealers.

Missed Brent. First shows were with Bruce in AZ.

Last show I saw with Bruce was RFK and the Casey Jones bust out.

I freaking love Bruce. Bruce and Steve Kimock. Nothing else matters to this old head anymore.

My very first show was July 6, 1990 in Louisville. Brent with the Dead and Bruce and the Range opened.

Does the script allow you to grow or is that another thing all together?

My soon to be wife is thinking about getting her card. Then all I have to do is sign up as her provider and grow 6 plants per card. Not sure if it is the same in CA or not.

One of Brent's last shows?

Yup. I saw the last Blow Away ever on July 16, 1990 in Buffalo. He died two weeks later.

I was such a new head, I didn't realize how awesome he was until way later and only have the tapes to remind me. I saw him, but cannot remember it.

"Does the script allow you to grow or is that another thing all together?"

Yes. You can have "six mature or twelve immature plants and possess as much as eight ounces of dried medical marijuana".according to SB 420.

I guess that is less counting inflation than it was when carter was in office.

Yup. I saw the last Blow Away ever on July 16, 1990 in Buffalo. He died two weeks later.

#52 | Posted by kanrei at 2009-10-07 03:01 PM | Reply

I was there. A case of Goebel beer in tow.

Patience ran out on a junkie........

I can't believe 101 was at a Dead show, but stranger things have happened.

I don't think he knew who was playing. He just had some beer and nobody to drink it with.

CSN opened, so maybe we went to see them.

This chart shows gold adjusted for inflation. On that scale it hasn't even caught up to its 1980 high.

I encourage every wingding to do as hannity/limboug/boortz/Levin/
beck commands.

Invest in Gold.

Take your retirement and send it to the guys they run advertisement for ---- and don't worry, they have Only your Better Interests at heart!

AhahahahahahA!

Guys, guys, guys......we are talking about the Grateful Dead here.

Please..........

I love them cowboys
And I love their gold
I love my uncle
G-d rest his soul
Taught me good
Taught me all I know
So I left his dead ass there by the side of the road.

Damnit, left out a line! Shit

Taught me Good
Taught me all I know
Taught me so well, I grabbed that gold
And I left his dead ass there by the side of the road.

Now it is on subject, but still Dead related.

If I had a gun for every ace I've drawn
I could arm a town the size of Abilene
Don't you push me baby cause I'm moaning low
You know I'm only in it for the gold

Well, you lied, cheated -- woh-oh! for so long,
Well, you lied, cheated -- woh-oh! for so long,

Well, it`s true, true saying, all that shines is not gold.
Well, it`s true, true saying, all that shines is not gold.
Like the good book says, you gotta reap what you sow

If my words did glow with the gold of sunshine
And my tunes were played on the harp unstrung

I don't know
But I've been told
It's hard to run
With the weight of gold
On the other hand
I've heard it said
It's just as hard
With the weight of lead.

You got my heart you got my soul
You got the silver you got the gold

Do you know who played guitar in the Heart of Gold band Kanrei?

No I don't.

Everyone?

"Everyone was playing in the Heart of Gold Band"

Everyone was playing in the Heart of Gold Band

The "Heart of Gold" of course being Zaphod Beeblebrox's spaceship powered by the improbability drive, right?

I've been a miner for a heart of gold.

I'm the lyrical Jesse James.

Golden slumbers fill your eyes
Smiles await you when you rise
Sleep pretty darling do not cry
And I will sing a lullaby

I can't stand Neil Young. Whine rock

I like about as much Neil Young as I don't. Crazy Horse was great and some of the acoustic stuff too.

Neil's fine, but you need to be in the right mood. CSN&Y is preferable.

From the other thread:
I'm not a fan of the Dead, but I don't dislike them either. I went for the party.

Anyone listen to the Tragically Hip?

I can't complain about his work with CSN&Y

Man Needs a Maid is my theme song.

"Someone to keep my house clean
Cook my meals and then go away"

Man Needs a Maid (love that song)

But be honest. Isn't, Up on Cripple Creek, more like it?

Blind devotion is great, but I am too much of a loner to want someone around that often. The Maid would have her own place "nearby for her to stay."

Other founding members of the group were guitarist Steve Kimock, drummer Greg Anton.

Heart of Gold Band!

I honestly never heard of Steve Kimock before he toured with Furthur Fest.

I saw him in 94 and he instantly became my favorite guitar player.

Yes, in 1994. My absolute favorite. Yes, I know........

He's on tour now with Melvin Seals. Where are you again Kanrei?

Kanrei just needs to find Himself a house with attached Garage and build a Maid loft above the Garage so He could store said maid up in Her own little cubbyhole above the Garage and have a door bell type of system where if He needs anything cleaned or His chin wiped He could ring Her bell and She would come running. THAT aught to solve all His problems.

Larry

WTF?

I thought this was about the price of gold! You people couldn't follow a thread if it was sticking out of your ass hole.

It was about the price of gold, but nobody really cares. Got boring. We Progressed the conversation.

I know. You don't understand.

Ray is running circles around the dr left. As I have said numerous times in the past, ignore him at your own risk. Ray and I had an informal wager on gold vs the s+p. He's won, hands down!

G. gorden Liddy Baby, That nut is a gold profit! (pun intended)He has been predicting this for years, LOL

Remember. The dollar is a faith based currency. With Obama running multi-trillion dollar deficits on top of a $100 trillion debt, foreigners rightfully fear a dilution of their dollar assets. It's obvious to foreigners that America is going broke. Most Americans don't get it.

---------

Gold is a faith based currency as well imbecile.

Prayer is a faith based currency

Kidnapping has overtaken burglaries, robberies, car theft and other crimes to become the biggest criminal activity in many areas of Baghdad. Insurgents and gangsters are increasingly using abducted children to raise funds for terrorism operations and personal wealth.

But the terroists are just freedom fighters! It is our fault because we are such bad people.

Kidnapping has overtaken burglaries, robberies, car theft and other crimes to become the biggest criminal activity in many areas of Baghdad. Insurgents and gangsters are increasingly using abducted children to raise funds for terrorism operations and personal wealth.

Since Bush invaded right? Wasn't that bad under Saddam? Are you saying that since we invaded, Baghdad has turned into a city of crime?

Not sure what point you are trying to make.

I thought this was about the price of gold! You people couldn't follow a thread if it was sticking out of your ass hole.

Nice analogy sniper. FF

OK, I'll take a stab at it. It's not the price of gold that's going up, it's the value of the dollar going down. Gold was never a great investment and history will likely bear that out, but it is a very good hedge against run away inflation.

Larry's question is in fact an excellent question. If it takes more dollars to equal a dollar in todays economy doesn't that mean that Gold is really only worth say 500 Dollars an ounce??

The answer is, of course, yes if you are comparing the price of gold to the dollars actual worth. Just take a look at the value of the Yen today. It is currently at 88.63 to the dollar. Six months ago it was over 100 and gold was around 880.

See the correlation? Had you bought Yen in April and used yen to buy gold then sold it back today for yen, then used the money to buy dollars you would have essentially broke even. In simpler terms, it's not so much that gold went up, but the dollar has gone down.

It was about the price of gold, but nobody really cares. Got boring. We Progressed the conversation.

Tell it like it is!

It was about the price of gold, but nobody really cares. Got boring. We Progressed the conversation.

I know. You don't understand.

then...

Ray is running circles around the dr left. As I have said numerous times in the past, ignore him at your own risk. Ray and I had an informal wager on gold vs the s+p. He's won, hands down!

That's why the conversation has "progressed".

Gold is a faith based currency as well imbecile.
#94 | Posted by Shawn

I love it when know-nothings like Shawn call me an imbecile.

Gold is a faith based currency as well imbecile.

He's right, ray. What' going to happen when one country (China?) owns all the gold and the countries who gave it to them all decide that gold is worthless as a financial anchor? Or what happens if someone hits a freak mother lode of the stuff?

It's faith-based as shawn said.

It was about the price of gold, but nobody really cares. Got boring. We Progressed the conversation.
I know. You don't understand.
#91 | Posted by Manypaths

Americans are being robbed by the criminal class in Washington on a scale they can't imagine. When they do understand, it will be too late.

It's faith-based as shawn said.
#102 | Posted by goatman

What' going to happen when one country (China?) owns all the gold and the countries who gave it to them all decide that gold is worthless as a financial anchor? Or what happens if someone hits a freak mother lode of the stuff?

It ain't going to happen. Gold and silver have a history as money spanning thousands of years. Every nation that tried to replace it with fiat money, failed. Politicians hate gold because it forces them to live within their means. Foreign countries don't trust the dollar anymore. It's days are number. Gold is honest money. China, Russia, India, Brazil, to name four, have been accumulating gold in preparation for the day when the dollar is worthless.

After WWII, the US had, I think something like 75% of all the world's gold. That's how the dollar became the reserve currency of the world. In 1971, Nixon refuse to honor the dollar's convertibility into gold. From then on, federal spending and debt ballooned. This kind of stuff was commonplace in South America. Now it's going to happen here.

To put faith in the Washington gang to manage the dollar is committing financial suicide.

Gold Hits All-Time High

In related news, after harvesting the latest crop, so did Null.

It ain't going to happen.

You may be right. But you have no way of knowing, so you may be wrong too. The way you pretend that a motherlode will never be found somewhere on the planet is sheer speculation bordering on hubris

Gold and silver have a history as money spanning thousands of years.

So? What's to keep the world from recognizing another standard -- one that actually has meaning like the ability of a country to output goods and services. That has more meaning towards economics than an arbitrarily chosen member of the Periodic Tadle of Elements.

Fact is, you cannot predict the future, Ray, as much as you think you can. I see why some here have nicknamed you Raystradamus

Historical trends aren't necessarily meaningful.

Historical trends aren't necessarily meaningful.

Oh goody! One less thing to worry about!

Wait a minute - you mean they are often meaningful but not always?

Shit.

Historical trends aren't necessarily meaningful.

#106 | Posted by goatman

Death and tax increases aside?

"Historical trends aren't necessarily meaningful."

Unless they're historic.

"Historical trends aren't necessarily meaningful."

Death and tax increases aside?

Well, OK. If you insist. Death, Taxes, and dullifidian keeping his nose up my ass

#111 vis-a-vis #110

LOL Can I call 'em or what? I'm going to reel him in and throw him back for another catch later.

#112 | Posted by goatman

Not my fault if you say moronic shit, GoatbOoB. LOL.

Fact is, you cannot predict the future, Ray, as much as you think you can. I see why some here have nicknamed you Raystradamus

The federal government is going broke. You have to be ignorant or willfully blind not to see it coming.

What's to keep the world from recognizing another standard -- one that actually has meaning like the ability of a country to output goods and services.

After this experience, no country will ever trust a fiat based reserve currency again.

Historical trends aren't necessarily meaningful.

My money is on Ray.

The way you pretend that a motherlode will never be found somewhere on the planet is sheer speculation bordering on hubris

That's funny. Gold's rarity and difficulty in mining are two factors that make it ideal as money. Goat, you're just throwing shit against the wall.

I've got some cattle I might sell for a hundred ounces of gold.

How many calories are in an ounce of gold?

That's funny. Gold's rarity and difficulty in mining are two factors that make it ideal as money.

My point exactly. What happens if a motherlode is uncovered? Or does raystradamus know that this will never happen?

The federal government is going broke. You have to be ignorant or willfully blind not to see it coming.

???

How is this related to the relevancy of the gold standard (which is what you are replying to)? BTW, I already knew the government is going broke. This is not news to me.

Deflections are one of the signs, ray.

Not my fault if you say moronic shit, GoatbOoB.

No. But it is your fault you bite my hook everytime I cast it for you. LOL

My point exactly. What happens if a motherlode is uncovered? Or does raystradamus know that this will never happen?

Because gold is rarely used commercially, something like 99% of all the gold ever mined exists above the ground. A new discovery would hardly be noticed.

I already knew the government is going broke. This is not news to me.

And what do you expect them to do about it?

"What happens if a motherlode is uncovered?"

Irrelevant. All you have to do to show that gold is just as much a faith-based currency as any other is compare a chart of gold prices with one of gold supplies over the decades or centuries. No correlation. The price of gold is solely due to psychology, the "madness of crowds".

"But it is your fault you bite my hook everytime I cast it for you. LOL"

No dumbshit. You don't cast hooks. You just retroactively call them that when somebody points out how stupid your post was.

And what do you expect them to do about it?

Obama? The wrong things. That is what I am expecting.

A new discovery would hardly be noticed.

So you are saying that if we hit a motherlode of this pretty element that equaled let's say 25% of the existing gold, that its value would not plummet? That's funny.

No dumbshit. You don't cast hooks.

I cast one in 111 and you bit. Deny if you want. I don't care. I can see my catch flopping in the bottom of my boat even if my catch is too stupid to know it's been caught. LOL

The price of gold is solely due to psychology, the "madness of crowds".

Exactly. Watch the gold rush as the dollar tanks.

So you are saying that if we hit a motherlode of this pretty element that equaled let's say 25% of the existing gold, that its value would not plummet? That's funny.

The total amount of gold in the world fills basically two Olympic swimming pools. Even if you added 25 percent to that total, you would still retain value at a hell of a lot better rate than you would with paper.

The people of this world buy a lot of gold. Asia buys a ton of gold. Indians buy TONS of gold. That motherlode would get bought up in a second...if not by the public market, then by the reserve banks of the world to protect their paper.

There was a very interesting cover story in NatGeo a few months ago that I would recommend. Talks a bit about the process, costs and consumption of gold in the world.

"I cast one in 111 and you bit. "

You call this a hook?

""Historical trends aren't necessarily meaningful."

LOL. What an idiot. It's only because I responded that you now try to call that statement "bait". Moron. Next dumb thing you'll say is that your jokes about Barney Frank and cucumbers have nothing to do with sex.

The price of gold is solely due to psychology, the "madness of crowds".

Exactly. Watch the gold rush as the dollar tanks."

#126 | Posted by Ray

You're undermining your own argument. If gold is subject to rushes it's a faith based currency!

"I cast one in 111 and you bit. "

You call this a hook?

No, I call this (also from post 111) a hook:

dullifidian keeping his nose up my ass

As I said, it was a hook, you bit, and you are now flopping around on the bottom of the boat oblivious to the fact that you were caught.

Have your last word, fish, so that I can throw you back for another day. LOL

Next dumb thing you'll say is that your jokes about Barney Frank and cucumbers have nothing to do with sex.

A deflection, of course, since this has nothing to do with the topic. Call me a name too, please, so that my point is further solidified.

Do your last word so I can throw you back.

Have your last word, fish, so that I can throw you back for another day. LOL

#130 | Posted by goatman at 2009-10-07 08:34 PM

Do your last word so I can throw you back.

#131 | Posted by goatman at 2009-10-07 08:36 PM

I would love to get the last word if you would just shut the fuck up.

Question Goatman:

Can Null respond to you in a thread without it being some kind of attack against you?

Can Null respond to you in a thread without it being some kind of attack against you?

It doesn't appear he can. But that's a question for him, not me.

Which contains more calories, a lb. of gold or a 16 oz. T-bone? Which one digests more easily? And finally, which one is more pleasing to the literal taste buds. Both being flame cooked, that is?

If that's the case, then I wouldn't consider #110 that.

You're undermining your own argument. If gold is subject to rushes it's a faith based currency!

#129 | Posted by nullifidian

That's like calling an atheism a faith.

Fiat money is fake, dependent on the whims of government. Gold is real money. It can't be counterfeited. Unlike fiat money, it is a store of value. An ounce of gold will buy approximately the same in 1909 as it does in 2009. In weight, a roman gold coin will buy approximately the same today as it did in Roman times. Fiat currencies come and go. Gold and silver have survived them all.

I buy and recommend gold and silver based on knowledge, not faith.

Which contains more calories, a lb. of gold or a 16 oz. T-bone? Which one digests more easily? And finally, which one is more pleasing to the literal taste buds. Both being flame cooked, that is?

With a pound of gold you can buy two hookers and buy all three of you a steak dinner...flame cooked.

I would love to get the last word if you would just shut the fuck up.

#132 | Posted by nullifidian at 2009-10-07 08:39 PM

LOL

FYI The National Geographic article on gold.

If that's the case, then I wouldn't consider #110 that.

#136 | Posted by IraqiBukkake

Actually, Iraqi, that was just a one-liner I would've used against whoever said it. Some people just don't have a sense of humor.

This headlined Drudge Report.

"Investors cling to gold as prices surge
"Gold prices continued to surge on Wednesday, hitting a fresh record close to $1,050 a troy ounce as investors bet that trading momentum would push the precious metal still higher."

Some people just don't have a sense of humor.

When 95% (at least) of your posts to me are more like this...

Looks like GoatbOoB
Not my fault if you say moronic shit,
LOL. What an idiot.
No dumbshit.
It works for all of us, GoatbOoB.

You may now resume your "Mr. Innocent" role.

I found this neat site which calculates the value of a dollar's purchasing Power between two given years. www.measuringworth.com I plugged in 1978 and 2008 I tried to plug in 2009 but it rejected my question because they only go up to 2008. It said that $3.30 is what todays money could purchase for what something for a buck in 1978. So if this is indeed true. That means golds $1050,00 an ounce price is only worth $318.18 in 1978 dollars. So it seems gold isn't worth anymore than what it used to be worth. Seems to me the gold lovers are just full of shit.

Larry

EDITTED POST:

BTW, silver is up over 40% for the year so far, doubling the escalation of gold.

Ssssh...Don't tell them all my secrets. I've been piling up silver for years found in garage sales and flea markets. If the average idiot knew what it was now worth, I couldn't buy it for ten cents on the dollar.

Larry - See my post at #137.

Here's a chart of gold adjusted for inflation. On that scale, gold would have to double in price to reach its 1980 high.

#132 | Posted by nullifidian at 2009-10-07 08:39 PM"

LOL

Posted by CalifChris at 2009-10-07 08:50 PM

Don't you go getting a swelled head and think I'm picking sides. lol

For some reason your answer just make me laugh.

make = made

Remember. The dollar is a faith based currency. With Obama running multi-trillion dollar deficits on top of a $100 trillion debt, foreigners rightfully fear a dilution of their dollar assets. It's obvious to foreigners that America is going broke. Most Americans don't get it.

#2 | Posted by Ray

And why is gold not a faith based currency besides the relevant industrial and medical applications?

Don't get too smug regarding ownership as it can be instantly outlawed and confiscated for private ownership.

There is not enough gold in the world to use as specie for trade..too many people too much commerce in place.

The only thing ray knows is how to listen to people who can judge a rigged game. Good for them, but this skill doesn't qualify them for anything else(like running it).

Oh please legio. The romans debased their 'real' currencies just fucking fine. Ray is an imbecile.

The ignorance and stupidity continues.

Don't get too smug regarding ownership as it can be instantly outlawed and confiscated for private ownership.

Let them try to enforce it.

There is not enough gold in the world to use as specie for trade..too many people too much commerce in place.
#150 | Posted by Legio

There is not enough gold (and silver) at these prices. There will be enough at much much higher prices.

The only thing ray knows is how to listen to people who can judge a rigged game. Good for them, but this skill doesn't qualify them for anything else(like running it).

The game is rigged against the dollar.

Ray is an imbecile.
#152 | Posted by Shawn

I'll be laughing all the way to the bank. Curse and insult me all you will - losers!

Ray I hope you leave your children a little something. Being buried with your gold won't be a good thing to do to them.

"When the last river is poisoned and the last fish caught then man will learn that you can't eat money." ~Cree Indian Quote

Ray I hope you leave your children a little something. Being buried with your gold won't be a good thing to do to them.
#154 | Posted by jackass

"When the last river is poisoned and the last fish caught then man will learn that you can't eat money." ~Cree Indian Quote
#155 | Posted by CapnBligh

The mice are squealing as the USS Dollar sinks into the depths of the frigid ocean.

I suspect what will happen sooner then later is the the price of gold will continue to rise as the dollar tumbles but suddenly and without warning, the fed will pass regulations to cripple the trade in gold stocks. People who have real gold will be in great shape, but all the fools who bought gold stocks will get burnt big time. This is exactly what they did with real property. Essentially, peoples homes was their 'gold', but only those who owned their homes, or a large equity in it, came out alright when the market busted. The people who only held a mortgage discovered they didn't own their home after all, the bank did (in spite of all their bragging to their peers)and in a sense gold stocks is pretty much the same thing. The gold brokers sell you a certificate that says you own a stake in the gold they hold in a bank 'somewhere' but you can't demand that they give you the real thing in exchange for the paper. You can only sell your share for the fair market value, less any transaction fees. What can happen, and likely will, is if the price of gold should skyrocket overnight the government will put a hold on the trading of gold contracts to protect the dollar. Only those with the real gold will be able to sell or barter with it. Think about it.

If that happens the gold held in banks to back the paper could become frozen assets until the fed decides it's safe to let the free market run the show again.

My suggestion is, if you buy gold, buy it in real coins, baht chains or scrap gold. The paper could become worthless.

Just recently finally got around to reading Heinlein's "Friday" and it has some interesting stuff about gold, etc. in a post-economic-crash world. Great entertaining book.

Ray won't be buried with 1 gold piece let alone a bar. He might have some paper with the 'gold' written on it though.

This is why he is an imbecile.

Shawn - I saw it and said it when we first argued: you're fucked up. The greatest investment of the century lies before you, and all you can do is call ME an imbecile.

PS. My son is the only person who knows where it is buried. He doesn't need it, but at least I'll have the satisfaction of knowing our criminal government won't get it.

What America really needs is another fucking idiot like George W. Bush for (8) years who:

a.) Starts Trillion dollar illegal wars and refuses to finanace them.

a.) Give tax cuts to the wealthiest 3% of Americans who stuff them in their pockets while saying Fuck You to the rest of American.

c.) Privatize our Military with Halliburtons and Black waters who rip us off for Billions.

d.) Fear monger and tell the American People in the last (4) months of your presidency that if we don't bail out the blood sucking Republican Conservative deregulated banking industry, AIG's , Bear Sterns, Leahman Bros., Merrill Lynches ETC... to the tune of untold Billions that everything you have ever work for will be worth nothing and stolen away from you. (P.S. and of course...it will be necessary to continue to pay the excutives in these companies multi million dollar salaries who have been fucking us to death all,theu Bushes Presidency)

It is quite amazing what the Republiucan spin machine continues to try and sell the American people but it won't happen much longer.

You fucking greedy rats will soon be fighting for that same single piece of cheese that all of main steam Americans are now forced to fight for and your worthless paper dollars won't help you a bit.

gold smokes the best....fire it up rcade

Go fuck yourself ray.

As I said, you are only arguing for a changing of the corporate priesthood, not any real change(ending the corporate person).

Your paper is irrelevant as the gold that you worship.