Bloo Loo Posted August 19, 2009 Share Posted August 19, 2009 Gold is not the same. how many 'things' that are manufactured are made almost entirely from finite resources that are expensive to get out of the ground? silver. meteorites from Mars. fossils. If nobody wants your gold, it will have no value. we are told from Birth that Gold is valuable....its a hard myth to break. Quote Link to comment Share on other sites More sharing options...
lowrentyieldmakessense(honest!) Posted August 19, 2009 Share Posted August 19, 2009 because there aren't any other real alternatives at times like these.I think we will get to a point very soon that this will become the only asset to hold because trust in everything will have evapourated after the next leg down...... depends how bad it gets whisky ciggies bread may do better Quote Link to comment Share on other sites More sharing options...
Britney's Piers Posted August 19, 2009 Share Posted August 19, 2009 (edited) Gold has a use as a means of exchange, because of its properties of being transportable, finite, malleuble, relatively hard to fake etc.etc. You can use other things if you want, like pieces of paper or shells, just like you can make a teapot out of chocolate if you want. But that teapot isn't going to work as well as one made out of ceramic. In the end if you want a teapot thats works best, you will need ceramic. Especially if you are serving tea for other people, few will want the hassle that comes with dealing with the chocolate teapot guy. In the end ceramic displaces other materials for teapots, just like gold displaces all other materials for a means of exchange, and has done throughout history, despite what kings and emperors and states try. Edited August 19, 2009 by Britney's Piers Quote Link to comment Share on other sites More sharing options...
bogbrush Posted August 19, 2009 Share Posted August 19, 2009 because there aren't any other real alternatives at times like these.I think we will get to a point very soon that this will become the only asset to hold because trust in everything will have evapourated after the next leg down...... edited - obviously silver, platinum, copper etc also..... but gold being the main physical pm that investors will want. If it gets all apocalyptic and futuristic, will the supermarkets mark their prices up in units of gold? Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted August 19, 2009 Share Posted August 19, 2009 If it gets all apocalyptic and futuristic, will the supermarkets mark their prices up in units of gold? there will be no supermarkets...the mornings takings wont cover the afternoons restock. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted August 19, 2009 Author Share Posted August 19, 2009 (edited) depends how bad it getswhisky ciggies bread may do better agreed, for bartering, but why hold 10,000 fags, when 2 gold coins buys you the fags...... I get your point & Injin's seperate point, meaning that it only has worth because human conditioning say's it has worth. Gold has practical properties also, but I agree that its value is mainly built on faith. Edited August 19, 2009 by grumpy-old-man-returns Quote Link to comment Share on other sites More sharing options...
bogbrush Posted August 19, 2009 Share Posted August 19, 2009 there will be no supermarkets...the mornings takings wont cover the afternoons restock. I thought the gold would fix all that, being, y'know, all consistent in storing value and such..... Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted August 19, 2009 Share Posted August 19, 2009 I thought the gold would fix all that, being, y'know, all consistent in storing value and such..... you can eat gold. not sure an oz would make a filling meal, but your poo should be interesting....the ultimate recycle... Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted August 19, 2009 Author Share Posted August 19, 2009 If it gets all apocalyptic and futuristic, will the supermarkets mark their prices up in units of gold? they do in zimbabwea. btw, it won't be if, but when. Let's hope it doesn't happen eh ? Look to the US by the end of the summer to see what we will be getting. who had that youtube vid of some congressman trying to get senate to sanction the use of (or doubling of) military on the streets of the US ? lot's of classified during the clip ?? I only watched in yesterday (perhaps on GEI ?) but didn't save it. Quote Link to comment Share on other sites More sharing options...
lowrentyieldmakessense(honest!) Posted August 19, 2009 Share Posted August 19, 2009 they do in zimbabwea.btw, it won't be if, but when. Let's hope it doesn't happen eh ? Look to the US by the end of the summer to see what we will be getting. who had that youtube vid of some congressman trying to get senate to sanction the use of (or doubling of) military on the streets of the US ? lot's of classified during the clip ?? I only watched in yesterday (perhaps on GEI ?) but didn't save it. it was a spoof vid but riots are likely in the states Quote Link to comment Share on other sites More sharing options...
lowrentyieldmakessense(honest!) Posted August 19, 2009 Share Posted August 19, 2009 agreed, for bartering, but why hold 10,000 fags, when 2 gold coins buys you the fags......I get your point & Injin's seperate point, meaning that it only has worth because human conditioning say's it has worth. Gold has practical properties also, but I agree that its value is mainly built on faith. some think Gold may be able to store energy link There is an energy force in the world—known to the Ancients—that has largely escaped the interest of the media, the global warming soothsayers and the oil companies seeking alternatives to Neanderthal fire—to fossil fuels. Why? There are allusions to this energy in the Chinese I-Ching, in the Hebrew Torah, in the Christian Bible, in the Hindu Sanskrit Ramayana and in the Muslim Holy Qur'an.There are scientists, too, who today believe it was the key to building the Egyptian pyramids. Its force is strongest within the Earth's magnetic triangles. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted August 19, 2009 Author Share Posted August 19, 2009 some think Gold may be able to store energylink now that's a totally different train of thought & if I go any further on these types of topics I am liable to let posters know the true extent of my thoughts. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted August 19, 2009 Author Share Posted August 19, 2009 (edited) fwiw, I think we may have that pole shift. at least we get to find out if that one is true. Edited August 19, 2009 by grumpy-old-man-returns Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted August 19, 2009 Author Share Posted August 19, 2009 it was a spoof vidbut riots are likely in the states I wasn't aware of that. It looked real to me. have you got a link to it then ? Quote Link to comment Share on other sites More sharing options...
bogbrush Posted August 19, 2009 Share Posted August 19, 2009 FWIW, the point I'm making lazily is that there'd be no way for gold to be a consistent store of value if/when it goes t/u. Who sets consistent prices. I'd put my faith in stuff that is really actually useful on the whole, but don't argue that a bit of yellow stuff might come in useful. Land, Food & Guns would be extra useful though. Quote Link to comment Share on other sites More sharing options...
wren Posted August 19, 2009 Share Posted August 19, 2009 FWIW, the point I'm making lazily is that there'd be no way for gold to be a consistent store of value if/when it goes t/u. Who sets consistent prices.I'd put my faith in stuff that is really actually useful on the whole, but don't argue that a bit of yellow stuff might come in useful. Land, Food & Guns would be extra useful though. Try the first video link in my signature. Quote Link to comment Share on other sites More sharing options...
InternationalRockSuperstar Posted August 19, 2009 Share Posted August 19, 2009 http://injinsalternativeuniverse.blogspot....d-is-money.html ...Having said that, I do have some and I do have some other monetary metals. Why? Because I don't see much of a free market in the near to medium future. I can easily see a post paper money collapse gold standard being introduced. (Bloody stupid because if gold standards worked we wouldn't be here in the first place, but that's people for you.) ... Quote Link to comment Share on other sites More sharing options...
Minos Posted August 19, 2009 Share Posted August 19, 2009 Try the first video link in my signature. Did you see that a bus ticket in Zimbo now costs 3Trl dollars. If only they had bought something useless with their money before the inflation started. Quote Link to comment Share on other sites More sharing options...
Markie6 Posted August 19, 2009 Share Posted August 19, 2009 FWIW, the point I'm making lazily is that there'd be no way for gold to be a consistent store of value if/when it goes t/u. Who sets consistent prices.I'd put my faith in stuff that is really actually useful on the whole, but don't argue that a bit of yellow stuff might come in useful. Land, Food & Guns would be extra useful though. Don't fancy taking my lump of gold to buy a gun to be honest. Quote Link to comment Share on other sites More sharing options...
Crashman Begins Posted August 19, 2009 Share Posted August 19, 2009 Average house price July 1992: £80,000Gold in 1992 $350 (1.64 exchange rate) = £216 80,000/216 = 370 ounces 370 ounces of gold in 2009 ($940 or £590 per ounce) = £218,300 Average house price in 2009 £154,000 - so even after a massive house price boom during the 90's gold is still worth more. fascinating More than a store of value When house prices are high, gold is low & when house prices are low gold is high The trick is to jump out of one just as the boom in the other begins Hence those who STR, in say 2004/5 buying gold at around £220 an ounce. 2004 100 Ounces x £ 220.00 = £22,000 2009 100 Ounces x £ 625.00 = £62,500 2013 ? 100 Ounces x 1400.00 ? = £140,000 Quote Link to comment Share on other sites More sharing options...
Stars Posted August 19, 2009 Share Posted August 19, 2009 Don't fancy taking my lump of gold to buy a gun to be honest. LOL If you want to 'buy' a gun, you should really bring a tank and if you want to 'buy' a tank, you should really turn up in a battleship. Quote Link to comment Share on other sites More sharing options...
lowrentyieldmakessense(honest!) Posted August 19, 2009 Share Posted August 19, 2009 I wasn't aware of that. It looked real to me.have you got a link to it then ? http://www.greenenergyinvestors.com/index....st&p=122490 Quote Link to comment Share on other sites More sharing options...
bogbrush Posted August 19, 2009 Share Posted August 19, 2009 Don't fancy taking my lump of gold to buy a gun to be honest. Only to whack him on the back of the head with, I reckon. Quote Link to comment Share on other sites More sharing options...
Injin Posted August 19, 2009 Share Posted August 19, 2009 http://injinsalternativeuniverse.blogspot....d-is-money.html Yup. I do admit it throughout the thread! Quote Link to comment Share on other sites More sharing options...
InternationalRockSuperstar Posted August 19, 2009 Share Posted August 19, 2009 Yup.I do admit it throughout the thread! fair enough then. I got the impression you were more of a silverbug anyway: Silver - Softcore gold. Also a precious metal, silver has uses beyond being really heavy and is therefore nothing like as good as gold. Quote Link to comment Share on other sites More sharing options...
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