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Surprise...the game is rigged
- Thread starter dddaver
- Start date
Why is it gold has value? It doesn't have a whole lot of practical applications because it's too soft and while it's great for conductivity in electronics it's too scarce and too expensive to obtain to be practical for widespread use in electronics. I mean it is true that it has this long history as being a valuable possession as has been pointed out but why? Because it's shiney and pretty? What would worry me if I were to stockpile gold is that it might not end up being what the next currency is built on. For now it's pretty safe because everyone knows of gold's historical value but we're in strange times now. The say the economy is slowly improving but for the vast majority of folks it hardly feels like it and over the past few years people have been selling thier gold left and right and as tight as most people's budgets have been they haven't been buying it as much. So what happens if because of that people kind of start to forget about gold?
I know what I'm suggesting is pretty farfetched but still can anyone give me a better reason for gold's value other then because it's always been prized and/or it's shiney and pretty?
I know what I'm suggesting is pretty farfetched but still can anyone give me a better reason for gold's value other then because it's always been prized and/or it's shiney and pretty?
yes, classicly its always been considered money,because of its rarity,weight to value ratio,and various industrial or subjective ornimental value,it doesnt tarnish or disintergrate so its not likley to be lost in say a flood.today its a hedge against inflation meaning it offers a safe store of value because it can not be eisily debased, you would have to mix in other metals.
here are two resources that will help you.
website: www.mises.org
BOOK: murray n rothbards the mystery of banking , http://library.mises.org/books/Murray N Rothbard/Mystery of Banking.pdf
here are two resources that will help you.
website: www.mises.org
BOOK: murray n rothbards the mystery of banking , http://library.mises.org/books/Murray N Rothbard/Mystery of Banking.pdf
Gold fits the 3 criteria of money perfectly.. that it has been for thousands of years.
It doesn't matter what currency comes next. Gold is a good buy now because we are in a currency crisis. People around the globe don't know where to put their savings...gold is this "safe haven" where people will flock into to protect their wealth until the tides turn.
If you had money you wanted to protect where would you put it? What are the alternatives to gold? Real estate, stocks. bonds? All losers..
Mike Maloney said it best.. "Its not that I want gold.. its just a worthless piece of shiny metal.. its just that right now.. I dont want anything else."
Might be a few years off but we are going to see a precious metals "bubble" sometime down the road. There will be a lot of volatility as other countries move into the dollar thinking it is the safe haven..but that is temporary as the USD is just as toast as well.
I really cannot fathom the mindset of those whom argue that gold worthless, etc. ..nobody will want your gold, yada yada. They refuse to hold or understand the point of gold despite the gains that it has made over the last decade as whodare has pointed out.
Lets see..1% in a bank account.. or 400%-600% in precious metals. Even the best stock managers only managing around 10-13% in the markets. Call it whatever.. I know the trend I'm sticking with. Precious metals have a long way to rise before I would even consider exiting the position. (of course if things get a little parabolic I'll certainly trade out to take profits along the way to buy back on the dips).
For those refuting gold I'd love to hear where you would park your savings to protect it. I'm talking about savings.. outside of cash emergency funds and money you've invested into passive income generation like cash rentals.
Us young folks need to take control of our own retirement funds because there is nothing in the cards for us as we grow old. Holding precious metals is like owning your own personal credit union. You are in control of your wealth to do as you see fit...if I lose my ass in precious metals I only have myself to blame..
Nobody knows what our economic outlook will bring. You can only do what you think is best for oneself. The fundamentals for gold/silver are pretty strong.
Nothing could explain why the market is rigged more than this graph.
Currency regimes come and go constantly throughout history. Over a long enough time period the math always fails.
Theresa May: we'll stop migrants if euro collapses Telegraph
we didn't get here without a whole lot of people like some of our friends here trying to stick there fingers in the cracks of the levee, cause the maths been failing for a while, soon enough they'll run out of fingers though. then all bet will be off and their hands will be tied...
Plant Early
Member
http://http://www.youtube.com/watch?v=-_N0Cwg5iN4&feature=player_embedded
Or perhaps Greenspan is correct!
Try this.....
http://www.youtube.com/watch?v=-_N0Cwg5iN4&feature=player_embedded
Or perhaps Greenspan is correct!
Try this.....
http://www.youtube.com/watch?v=-_N0Cwg5iN4&feature=player_embedded
how about a 'lil thing called Liquidity?
you kids truly have no idea what you're discussing...
your only objective is that of maintaining the hype regarding gold.
you fools yap about the 1% and illuminati world-control, and yet your conclusion is that investing in gold is the answer.
investing the gold is a big chunk of why the economy is in a bad place, because it does not represent anything at all in terms of Real-Economy.
you invest in gold and what kind of good and service does this provide to society? None.
it is all based on Speculation.
making profits out of imaginary hyped up values that people have pulled out of their butts.
the fact is that gold adds no real-value to anything, it does not contribute to the advancement of the well-being of societies by adding any good or service that has any pragmatic use at all, it is pure speculation.
gold-chasing kids are just as bad as any other group of stooges chasing after imaginary stocks that have caused so much damage to the real-economy.
you buy gold for 100 and sell it for 130, and the only thing you have done is to add to inflation.
get it?
no, you don't, you're caught up in the hype.
later gators.
What do digital dollars add to the "real economy"
Maybe we should have a king
Just because you throw around disparaging remarks does not make your point.
You see bom. I could call you a dirty kunt. But that would not mean you have an asshole on your chin,breath that smells like a fish boat and ears that look like legs.
You have said goodbye to this thread several times yet continue to post.
I realize someone convinced you that it was your job to reeducate us poor idiots.
The problem is you have no basis for your ramblings other than emotionality.
History son
History is on our side.
Not 50 years of bullshit but thousands of years of history.
You are in the wrong sandbox. You should be in the other one with corky
Maybe we should have a king
Just because you throw around disparaging remarks does not make your point.
You see bom. I could call you a dirty kunt. But that would not mean you have an asshole on your chin,breath that smells like a fish boat and ears that look like legs.
You have said goodbye to this thread several times yet continue to post.
I realize someone convinced you that it was your job to reeducate us poor idiots.
The problem is you have no basis for your ramblings other than emotionality.
History son
History is on our side.
Not 50 years of bullshit but thousands of years of history.
You are in the wrong sandbox. You should be in the other one with corky
What do digital dollars add to the "real economy"
Maybe we should have a king
Just because you throw around disparaging remarks does not make your point.
You see bom. I could call you a dirty kunt. But that would not mean you have an asshole on your chin,breath that smells like a fish boat and ears that look like legs.
You have said goodbye to this thread several times yet continue to post.
I realize someone convinced you that it was your job to reeducate us poor idiots.
The problem is you have no basis for your ramblings other than emotionality.
History son
History is on our side.
Not 50 years of bullshit but thousands of years of history.
You are in the wrong sandbox. You should be in the other one with corky
you dislike my delivery of facts, that's all.
still, I've proven that investing in gold simply creates more inflation, since it does not produce any sort of good or service that benfits society, so it does not qualify as part of the real-economy.
moreover, I've given examples of the best investors in the world that will not touch gold, and their reasons are simply what I have explained.
to top it off, all the crowd of "gold is the best" that we have here, are the same who rant against so-called 1% for investing in imaginary-stock; when they themselves do the same.
gold = hype and speculation.
gold = not a producer of any real goods and services that benefit society.
if you disagree, all you need to do is to prove how gold and investing in it gives back to society anything but inflation.
and btw, digital dollars is what is produced by investing in gold, since as already said 10 times at least, it does not produce anything pragmatic. which is essentially what causes the need to print paper-money, to try to honour the speculation that trading gold actually yields real dollars.
and I'd rather sit in the sandbox with corky, than with you; at least corky is honest
you wouldn't know a fact if it slapped you in the face.
Yes you saying so proves it lol.
Buying gold creates demand, causing mining companies to expand creating jobs all over the country from the actual mines to the companies that build the mega trucks that work in the mine.
What is not real about that?
Gold doesn't or hasn't benefitted society? You have to be kidding me.
Most best.... Lol
I'm sorry I missed your posts that had substance in them... Refresh my memory
Your high on something. I don't rant about 1% investing in stocks, and I don't participate in the market right now...
Gold = millennia of use as solid money by all the ''greatest powers'', funny soon after they leave a gold standard over expansion and inflation kills them...
Gold and the demand for it create thousands of real jobs, and demand for other goods from the workers and their paychecks..
Investing in gold protects from inflation it doesn't increase it.
Inflation is an increase in the money supply, how does buying gold increase the supply of money? It doesnt, the money just switches hands.
and btw, digital dollars is what is produced by investing in gold, since as already said 10 times at least, it does not produce anything pragmatic. which is essentially what causes the need to print paper-money, to try to honour the speculation that trading gold actually yields real dollars.
and I'd rather sit in the sandbox with corky, than with you; at least corky is honest
Get it through your thick head, investing in gold doesn't create money.
Yes it does provide real economic benefits.
Our need to print money way caused by a federal reserve that believes in TBTF. Then after they freed up all that paper people wildly speculated in the economy driving up The markets creating a faux recovery. But just like a junkie when we took the paper away the economy went into withdrawls, so they turned the press back on. I don't think I need to continue that analogy we all know what the junkies options are...
whodare, last time I checked, garimpeiros, amazon destruction and child-slavery were not considered beneficial to society.
maybe in bizarre-world that's neat?
maybe in bizarre-world that's neat?
AMEN .. Anyone who doesn't know how destuctive finding GOLD is need look again and the amount of MERCURY they have put back into the FRESH WATER streams to attract the gold out of the sand. The kids they use in poor countries to harvest and smuggle and the stockbrocking slimmy assoles controling the prices.. Anyone who is not paying attention to this is just being a fool for this like blood diamonds imvho.. headband 707
hmm i give you a ton of substance to respond to and all you come up with is child slavery and forest destruction.
the business not the gold makes those decisions, and with the conservation movement in full swing miners are becoming more environmentally and socially cognizant.
by the way child labor is not child slavery...
just because they get payed shit by your standards doesn't mean it's not leaving them in a better position then they were before, ya know likely living in a tree fort, short on food cause they are still small time farmers and big time hunter gatherers...
ever think their lives may be improved by their standards. maybe thats why they take the dollar a day over starving, hoping dad can bring some meat home out of the woods...
Gold speculation is the reason that central banks are forced to create digital dollars?!?!?!
You cant by fucking serious?
Without digital dollars governments would never have been able to create the hazard that is the main cause of our economic woes today.
You want a pro for gold?
No moral hazard.
You cant by fucking serious?
Without digital dollars governments would never have been able to create the hazard that is the main cause of our economic woes today.
You want a pro for gold?
No moral hazard.
it's one thing to imagine how things work in mining places, and another to know what really goes down.
for example, in the south of the venezuelan amazon, in the boarder with brazil, there's a mining town full of garimpeiros, population of about 25 million people. they have tons of children, and get them to work as soon as possible, the kids do not get paid, and many die from mercury poisoning.
2 liters of coca-cola cost about 100 USD there btw...
there's simply no positives when it comes to gold.
hence why people in the know do not invest in it, they do not want to be linked to this disaster.
and still no one has proven how gold produces anything beneficial to society...
invest in oranges... people will always drink orange juice.
and oranges are a real good, with a pragmatic use, as opposed to gold.
yes, very serious.
just like people betting against a stock going up or down, as if it were a horse-race. thinking that by doing so, you will make real-dollars... well, you don't. so they print money to try to honor the promise of the scammers that scammed the lot of fools who thought that by betting this way there was actual value.
exactly the same happens with gold.
don't want to accept it?
that's your problem, but that's how it works.
There is no country currently on a gold standard.
When there were countries on a gold standard, it didn't stop them from being involved in wars and it didn't stop them from borrowing money.
Can someone please explain to me why being on a gold standard lowers inflation? When I read that, I laughed so hard I spilled my coffee and almost knocked my bong over.
HB
When there were countries on a gold standard, it didn't stop them from being involved in wars and it didn't stop them from borrowing money.
Can someone please explain to me why being on a gold standard lowers inflation? When I read that, I laughed so hard I spilled my coffee and almost knocked my bong over.
HB
