Talk to me as if I was a small child
braddick
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What's really going on with gold?
peacockcoins
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Edited to add: Or the government will just take if from you, break it into ten pieces and sell it to all ten people.
"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
it's going up like a big 'ole rocketship to the moon.
Too many positive BST transactions with too many members to list.
Everybody wants some.
There is not enough for everybody.
That makes the price go up.
<< <i>If ten people want your candy bar and you only have one candy bar, they will fight over who gets it by offering more money.
Edited to add: Or the government will just take if from you, break it into ten pieces and sell it to all ten people. >>
"or the government will just take it from you, break it into ten pieces and GIVE it to ten people who couldnt afford it otherwise"
Fixed for you Derry.
<< <i>
<< <i>If ten people want your candy bar and you only have one candy bar, they will fight over who gets it by offering more money.
Edited to add: Or the government will just take if from you, break it into ten pieces and sell it to all ten people. >>
"or the government will just take it from you, break it into ten pieces and GIVE it to ten people who couldnt afford it otherwise"
Fixed for you Derry.
good fix, glad to know you got my back
"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
<< <i>What's really going on with gold? >>
India & China buying like there's no tomorrow.
<< <i>What's really going on with gold? >>
Paper is losing value.
In honor of the memory of Cpl. Michael E. Thompson
<< <i>
<< <i>What's really going on with gold? >>
Paper is losing value. >>
Not completely accurate. If it was a linear relationship, then we could expect the purchasing power of gold in 2001 to be on par with prices in 2011. But its a fact that gold has increased in value in terms of purchasing power faster than the dollar has lost.
"Despite a higher gold price, Indian and Chinese demand grew 38% and 25% respectively during Q2 2011 compared to the same period of 2010. This growth is likely to continue, due to increasing levels of economic prosperity, high levels of inflation and forthcoming key gold purchasing festivals."
They also say central banks added 69.4t during Q2.
Tommy has 10 paper dollars when he is ten. He buys five packs of gum with those ten dollars.
Susie has 10 pieces of gold when she is five. She buys ten school dresses with that gold.
Susie has 10 pieces of gold when she is ten. She buys one hundred dresses with that gold.
Tommy discovers that his paper dollars are continuing to decrease in value, and he feels that they will continue to decrease, and
he can never buy as much as Susie. Susie realizes that her gold is real money, a point that Tommy never understood.
Tommy however is not mad as Susie. Tommy is mad at the neighborhood bully who printed so many paper dollars that it eventually
made Tommy's paper money worthless.
Just remember that if you have gold and dollar bills - spend the dollar bills first.
I knew it would happen.
Blessings
peacockcoins
<< <i>"or the government will just take it from you, break it into ten pieces and GIVE it to ten people who couldnt afford it otherwise" >>
what about the governments slice???
im sure they would nibble ~30% each piece... just to be sure it was safe.
monetary value. People are so smart finally that we know gold is a barbarous relic of a bygone age and
this is why it steadily lost value for centuries.
A few people never wised up and were afraid of money that was created out of thin air at the command
of those elected to spread wealth to all corners of the globe. A few people thought that there is a fimite
amount of wealth and that borrowing it from the future would last only until the future wanted its mon-
ey.
Now all of a sudden over the last decade a lot of people are thinking they might not be as smart as they
thought. A lot of people see a monster which must be fed or widespread destruction. We either pay the
piper or undo the last 80 years of economic folly as people starve.
Gold becomes a standard against which other assets can be measured when money fails at the job. Mon-
ey itself is losing value so more people desire something that will retain it. This increase not only in the
demand of those wanting gold but in the number of people who want gold is pushing it sharply higher.
Modern markets though are all higghly manipulated and the government will take steps to halt the in-
crease at about $2100 but this will work only in the short term because the future just keeps coming and
you can't stop it.
Now get into your play clothes and get outside.
<< <i>What's really going on with gold? >>
I think part of this is mania. buying becuase everyone is buying.
I also think there is a real "fear of economic troble" buying, too.
Someone was on CNBC doubting the "safe haven" trade. Hey. If you bought in the early 1980s at the top and sol in the 1990s near the lows.... that's no sfe haven, nor inflation protection.
However, right now, what seems safe? land? Not in the USA. Treasuries? Questionable, but many are going there anyway.
I'm not surprised people are turning to gold. It's something they can put in the box at the bank and feel like at least they have something going up while the dollar and euro are going down.
Could gold prices fall? yes, and they could fall fast, too.
But right now, people are feeling safe and crushing each other buying the stuff.
Just like "musical chairs," when the happy music stops.... the last one left with gold is going to be very sad.
No one knows when the music will stop.
good luck.
(I thought silver would be down on the week)
This is all a small child needs. This is put out by the Boston Federal Reserve Research Division. Wishes and Rainbows.....the Road To Roota.
A simple 20 page comic book with nice pictures. You have color (gold=Colorland) or you don't (Pebbleton=no gold).
The FED knew what was coming decades ago when this was first published in the 60's or 70's. Then updated in 2007.
Are you a Pebblepeople?
If you read carefully you will even find Ben's "green shoots" of growth in here.
roadrunner
<< <i>Wishes and Rainbows
This is all a small child needs. This is put out by the Boston Federal Reserve Research Division. Wishes and Rainbows.....the Road To Roota.
A simple 20 page comic book with nice pictures. You have color (gold=Colorland) or you don't (Pebbleton=no gold).
The FED knew what was coming decades ago when this was first published in the 60's or 70's. Then updated in 2007.
Are you a Pebblepeople?
If you read carefully you will even find Ben's "green shoots" of growth in here.
roadrunner >>
What an odd analogy!!
"Children of the Rose" merely need a place to plant their flowers that grow inside but it's the oldsters who benefit first.
This sounds a little like something else.
Sometimes I feel like a mouse getting played with by the cat and sometimes it's an elephant whose characteristics are undeterminable by blind mice. But it's a dangerous place to live in any case.
Liberty: Parent of Science & Industry
How long before shorting the US markets is made a crime?
But if you want to diversify across banks, real estate, insurers, mortgage lenders, retailers, transports, industrials, coal, rare earths, Netflix, Apple, IBM, etc.....just jump right in there. The bottom can't be too far away. And by doing this you can ensure that you're helping to keep some of these firms in business for a few months or years longer. When some declare chapter 11 on you it will no doubt feel good that you extended their lives just a little bit longer in Pebbleton.
I wonder how guys like Deadhorse are doing today that went all-in with silver in 2004? They took the "lazy" way out and now are retired if they want to be after seeing 800% gains.
Do you think they feel bad because they took the "easy" way out and didn't do the "right" thing and earn that money the hard way on Wall Street?
What did John Houseman used to say in those old TV ads: "Smith Barney, we make money the old fashioned way....we earrrrrn it. " Yeah, earning it today with HFT and naked shorting. Gotta love it when the big banks can make a nice profit for 64 trading days in a row. Now that's the "easy" way to make money in 2011 with the ultimate stacked deck. Bread and circus...with a different twist. I'm sure jmksi52 would have some choice words on this subject.
roadrunner
"I can't think of a better use for my capital right now than Gold;
Neither can I. We agree.
maybe I'm scared to take a risk
I'm not. But I sure as heck evaluate the risks I'm getting myself into.
or don't know or care to learn about asset allocation and diversification across markets
Nah, I got an MBA in Finance and I believe that I know enough about asset allocation and diversification across markets to know what I want to do.
I'm paranoid of the Government
Just because I'm paranoid doesn't mean that the government isn't out to get me.
afraid of regulation and taxation
Being aware and not being oblivious to the problem does not qualify as being afraid. It simply means that I'm not stupid.
I might read a lot of websites and blogs that warn me about the coming Crisis
Again - being aware and not being oblivious to the problem does not qualify as being afraid or imply that I'm a tinfoil hatter. It simply means that I'm not stupid.
...it seems crystal clear that Gold is the only thing that can save us from the Banksters and the Socialists
We all know better than that, don't we? To quote Bob Dylan, "you don't have to be a weatherman to know which way the wind blows..........."
plus it's kind of easy to just buy and hold metal coins and bars
There's something wrong with having it be easy? I would ask, why would anyone want to make it unnecessarily hard? It seems that is how the bankers and government got us into this mess with new ways to leverage with financial derivatives and myriads of permutations on each slice of each new derivative --- and 10,000 pages of new law, requiring 10,000 pages of new regulation for every 1,000 pages of new law to govern more and more of how we spend our existances - at least that's how it looks to me.
..... don't have think or work or evaluate or decide
Maybe you don't, Baley - but I evaluate and decide critically at least weekly.
... and hey Gold has had 11 up years in a row, and maybe the past performance is likely a guarantee of future results, so with everything so bad it's a no brainer to be a Midas
Again - if you believe this statement, I fear for your future.
as long as the music keeps coming out of Washington and Wall St. there's plenty of chairs at this party and with the Bernank keeps refilling the punchbowl it's not like tulips at all, so that's why I STACK"
Come'on, Baley - you can do better than this. You're beginning not to make any sense at all.
Seriously, you're starting to look like the rose-coloured glasses have affected your ability to reason. What we have here is a fantastic economic machine that instead of being maintained and well-oiled, the engineer is throwing metal filings into the gearbox, the brakeman has opened the fuel feed to "120%" and the conductor has misread the signpost as "next stop - free beer", when it actually says "last stop - exit here".
I knew it would happen.
Next thing you know the govt will impose a "that was too easy" tax on PM's.
Hey, we've heard all the same reasoning since gold broke $400. What's new?
How many years up did the Dow run, 18 yrs? So gold in its 10th year is somehow unusual?
roadrunner
think about this: among my friends and associates, I'M the guns 'n' metals nut in the group
Liberty: Parent of Science & Industry
....And we love you for it, Baley.
I knew it would happen.
<< <i>
...it seems crystal clear that Gold is the only thing that can save us from the Banksters and the Socialists
We all know better than that, don't we? To quote Bob Dylan, "you don't have to be a weatherman to know which way the wind blows..........."
". >>
The US Government is messed up,,,,,,,,,
The US dollar is losing value daily,,,,,
The US stock market is collasping,,,,,,,,,,,,,,
There is record high unemployment in the US ,,,,,,,,,,,,,,,
And the rest of the world is worse off than we are ,,,,,,,,,,,,,,,,,,,,,
What else is there other than gold ,,,,,,,,,,,,,,,
JMHO, GrandAm
Once upon a time there was a princeling named Ben. He was the chief banker of the land, and every night would dream about flying in a helicopter, and dropping piles of money to the people. The other princes told the helicopter man that the dream was not practical that he had to come up with a better way. Ben thought, and thought, and thought, and finally thought of another way to get money to the people, and he called it quantitative easing. The princeling Ben was so proud. He boasted that it would cost the taxpayers of the land nothing, only some paper and some ink. Money for nothing, what a grand idea! This will solve all our problems. What could go wrong?
Ben ran the printing press day and night to get money to the people. At first the people seemed happy to get the money, though most of it piled up in bank vaults. Then as more and more money piled up, prices of food and gasoline climbed higher and higher as the piles of paper money were everywhere. The people, simple as they might have seemed to the princeling, started to hoard a yellow metal called gold. Ben was confused by this, why do the people want gold? Are they ignorant? Are they simpletons? Why aren't they grateful for the money I am printing for them?
The people of the land were wiser than the princeling Ben, because while the helicopter man could print endless supplies of paper money, try as he might, he could not print up more gold.
As to how the story ends, we'll have to finish reading tomorrow night.
I knew it would happen.
<< <i>Regarding the pic, have you noticed how colorful our money looks these days? Having played Monopoly quite a bit when I was a kid, I find the colorful bills to be comforting in a subliminal sort of way, don't you?
I remember having a secret stash of 500 bills tucked under the board just in case I landed on Boardwalk or Parkplace. Yup...those gold 500 bills were nice to pull out in an emergency. 30 years later...Im still stashing gold, just in case.
MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
<< <i>Absolutely. The first time I saw that purple "5" was probably the same moment that I lost what little faith I had left in the USD. >>
That has nothing to do with the value of the dollar. That was to help the sight impaired---nothing wrong with that IMO.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>What's really going on with gold? >>
People are scared. Rightly so.
<< <i>What's really going on with gold? >>
Your question should be, What's going on with the dollar? It's becoming worth less and less as more and more are printed.