Its not a matter of where it is sold or not, but at what value?
At a value price the buyer and seller agreed upon. Not a rare occurrence, happens pretty often.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@derryb said:
Nothing backs the dollar except your confidence that the next guy will accept it. The counter party risk is its value (what the other party will give you for it) when you spend it
Yes, derryb, you get it now. Whoohoo!!!
Just substitute the word "gold" for "dollar".
I really am at a loss as to why this was so difficult for some to see. Now that derryb gets it, hopefully others will have open eyes and ears as well.
Jmski---you get your beasties yet?
>
This whole thing is ridiculous.
If you have some gold buried in your back yard and you are not attempting to sell it, or spend it, or tell anyone about it, and the gold is just sitting there doing nothing, then you have NO COUNTERPARTY. And thus, NO COUNTERPARTY RISK.
You can't have "counterparty risk" without a "counterparty".
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@derryb said:
Nothing backs the dollar except your confidence that the next guy will accept it. The counter party risk is its value (what the other party will give you for it) when you spend it
Yes, derryb, you get it now. Whoohoo!!!
Just substitute the word "gold" for "dollar".
I really am at a loss as to why this was so difficult for some to see. Now that derryb gets it, hopefully others will have open eyes and ears as well.
Jmski---you get your beasties yet?
>
This whole thing is ridiculous.
If you have some gold buried in your back yard and you are not attempting to sell it, or spend it, or tell anyone about it, and the gold is just sitting there doing nothing, then you have NO COUNTERPERTY. And thus, NO COUNTERPARTY RISK.
You can't have "counterparty risk" without a "counterparty".
Thats right. And it has no value, until a counterparty is involved. Its just an element buried in your yard. Doing nothing. Incredibly ridiculous. So easy to understand.
You can name the risk anything you like...maybe barter risk if that suits your fancy...no matter what you call it, there is risk when you engage with another to sell it, spend it, talk about it, pray over it, ect.
It has no final sale price until a counterparty is involved. It always has value, and may have an asking price while it's on the shelf. You're gonna get spanked on this one as well.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@derryb said:
Nothing backs the dollar except your confidence that the next guy will accept it. The counter party risk is its value (what the other party will give you for it) when you spend it
Yes, derryb, you get it now. Whoohoo!!!
Just substitute the word "gold" for "dollar".
I really am at a loss as to why this was so difficult for some to see. Now that derryb gets it, hopefully others will have open eyes and ears as well.
Jmski---you get your beasties yet?
>
This whole thing is ridiculous.
If you have some gold buried in your back yard and you are not attempting to sell it, or spend it, or tell anyone about it, and the gold is just sitting there doing nothing, then you have NO COUNTERPERTY. And thus, NO COUNTERPARTY RISK.
You can't have "counterparty risk" without a "counterparty".
Thats right. And it has no value, until a counterparty is involved. Its just an element buried in your yard. Doing nothing. Incredibly ridiculous. So easy to understand.
You can name the risk anything you like...maybe barter risk if that suits your fancy...no matter what you call it, there is risk when you engage with another to sell it, spend it, talk about it, pray over it, ect.
"UNTIL a counterparty is involved"
So you finally admit that, at least part of the time you own gold, there is no counterparty.
Gold that is sitting idly still has value (value in the eye of the owner). That value may not match the prevailing MARKET PRICE, but it still has value to the owner nonetheless.
In other words, you are asserting that I can be my own counterparty. But the definition of "counter" and "counterparty" preclude that.
PS:
Answer this question:
Who is the counterparty when you "pray over" your stack ?
I have been dealing with apmex for many many years. I have never had anything but a great experience with this company. My last purchase was two weeks ago and it was delivered today. About two weeks ago most of their inventory was wiped out. I would try to be patient. Unless they say otherwise you will get your product.
PEACE! This is the first day of the rest of your life.
@Konahead said:
I have been dealing with apmex for many many years. I have never had anything but a great experience with this company. My last purchase was two weeks ago and it was delivered today. About two weeks ago most of their inventory was wiped out. I would try to be patient. Unless they say otherwise you will get your product.
Their inventory is still very limited, but improving.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@Konahead said:
I have been dealing with apmex for many many years. I have never had anything but a great experience with this company. My last purchase was two weeks ago and it was delivered today. About two weeks ago most of their inventory was wiped out. I would try to be patient. Unless they say otherwise you will get your product.
Their inventory is still very limited, but improving.
At least they're being up front about it.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@shorecoll said:
I once worked for a PhD who claimed that possession of such degree allowed him to create his own words and definitions. Maybe that's what we have going on here? Somehow I doubt it.
When I was employed and the employer was working to comply with ISO standards, one was allowed was allowed to deviate from established procedures based on their knowledge, education and experience.
Comments
Its not a matter of where it is sold or not, but at what value?
Knowledge is the enemy of fear
At a value price the buyer and seller agreed upon. Not a rare occurrence, happens pretty often.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
>
This whole thing is ridiculous.
If you have some gold buried in your back yard and you are not attempting to sell it, or spend it, or tell anyone about it, and the gold is just sitting there doing nothing, then you have NO COUNTERPARTY. And thus, NO COUNTERPARTY RISK.
You can't have "counterparty risk" without a "counterparty".
Happens when the wrong are never wrong.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Thats right. And it has no value, until a counterparty is involved. Its just an element buried in your yard. Doing nothing. Incredibly ridiculous. So easy to understand.
You can name the risk anything you like...maybe barter risk if that suits your fancy...no matter what you call it, there is risk when you engage with another to sell it, spend it, talk about it, pray over it, ect.
Knowledge is the enemy of fear
It has no final sale price until a counterparty is involved. It always has value, and may have an asking price while it's on the shelf. You're gonna get spanked on this one as well.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"UNTIL a counterparty is involved"
So you finally admit that, at least part of the time you own gold, there is no counterparty.
Gold that is sitting idly still has value (value in the eye of the owner). That value may not match the prevailing MARKET PRICE, but it still has value to the owner nonetheless.
In other words, you are asserting that I can be my own counterparty. But the definition of "counter" and "counterparty" preclude that.
PS:
Answer this question:
Who is the counterparty when you "pray over" your stack ?
I have been dealing with apmex for many many years. I have never had anything but a great experience with this company. My last purchase was two weeks ago and it was delivered today. About two weeks ago most of their inventory was wiped out. I would try to be patient. Unless they say otherwise you will get your product.
Fred, Las Vegas, NV
Their inventory is still very limited, but improving.
At least they're being up front about it.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
When I was employed and the employer was working to comply with ISO standards, one was allowed was allowed to deviate from established procedures based on their knowledge, education and experience.
APMEX returning to: "Fast & Free Shipping† On Orders Over $99!"