azazel Posted January 25, 2008 Share Posted January 25, 2008 (edited) I might be wrong but I got a strong gut feeling that we are about to experience the mother of all callamities. I see economic collapse, a third world war, a total change of the global political landscape (new world order) followed by armagedon. But then I have drunk lots of wine.... By the way charlie mouse, the price of gold will increase monday morning, drop on late monday and tuesday and upset me on wednesday. Sorry about that everyone. Call me a hifi buff but ive always fancied silver. Why is gold more highly prized than silver? I suppose the kings of old did not know about silvers amazing qualities. best conductor of electricity, best metal conductor of heat (only beaten by diamond as best thermal conductor and general hardcase. I love diamond especially in B&W tweeters, a mans best freind IMO). dooh now am babling like a fool. Golds good for luxuary fishing weights IMO, might kill the swans in style though. Cgnao tell me about it? Burp.... Edited January 25, 2008 by azazel Quote Link to comment Share on other sites More sharing options...
FreeTrader Posted January 25, 2008 Share Posted January 25, 2008 I might be wrong but I got a strong gut feeling that we are about to experience the mother of all callamities. I see economic collapse, a third world war, a total change of the global political landscape (new world order) followed by armagedon. Apart from that, do you think anything bad is going to happen? Quote Link to comment Share on other sites More sharing options...
Compounded Posted January 25, 2008 Share Posted January 25, 2008 I might be wrong but I got a strong gut feeling that we are about to experience the mother of all callamities. I see economic collapse, a third world war, a total change of the global political landscape (new world order) followed by armagedon. But then I have drunk lots of wine.... Bit like the romans they are gone they had their armageddon but their gold is still the same. Call me a hifi buff but ive always fancied silver. Why is gold more highly prized than silver? I suppose the kings of old did not know about silvers amazing qualities. best conductor of electricity, best metal conductor of heat (only beaten by diamond as best thermal conductor and general hardcase. I love diamond especially in B&W tweeters, a mans best freind IMO). dooh now am babling like a fool. Golds good for luxuary fishing weights IMO, might kill the swans in style though. Gold has the qualities of a conker its very pretty but not much use - but it hooks into your emotions somehow Silver is more useful but just has not got the appeal - my silver candlesticks are tarnishing. Diamonds are for women - they do nothing for me. Quote Link to comment Share on other sites More sharing options...
azazel Posted January 25, 2008 Share Posted January 25, 2008 Does any one know how much a tradesman got paid per day or week, in gold or silver throughout history? Im sure GOLDFINGER has a graph up his gold sleeve somewhere? Talking of sleeves.... The idea of a suit costs an ounce of gold is somewhat distorted by todays mass production. Asda do a suit for £20 I think. Quote Link to comment Share on other sites More sharing options...
azazel Posted January 25, 2008 Share Posted January 25, 2008 Apart from that, do you think anything bad is going to happen? Well theres always the possibility of my cambelt snapping before its due to be replaced, otherwise thats about it.... really? Quote Link to comment Share on other sites More sharing options...
wren Posted January 25, 2008 Share Posted January 25, 2008 (edited) I agree that this deflationary talk is getting ridiculous. Deflation of gold is to be taken most seriously, in my opinion. If your krugs, britannias or whatever start getting smaller I'd blame it on the pesky pixies. Happy weekend, all, I'm off for a couple of (amber-coloured) shorts. Edited January 25, 2008 by wren Quote Link to comment Share on other sites More sharing options...
Pluto Posted January 25, 2008 Share Posted January 25, 2008 (edited) Federal Reserve accused of fraud. Oh dear. http://www.worldnetdaily.com/news/article....RTICLE_ID=59876 Here's a snippet: "Gold's recent rise toward $900 per ounce shows that the price suppression scheme is faltering," the GATA ad reads. "When it is widely understood how central banks have been suppressing gold, its price may rise to $3,000 or $5,000 an ounce or more." Edited January 25, 2008 by Pluto Quote Link to comment Share on other sites More sharing options...
azazel Posted January 25, 2008 Share Posted January 25, 2008 (edited) Bit like the romans they are gone they had their armageddon but their gold is still the same.Gold has the qualities of a conker its very pretty but not much use - but it hooks into your emotions somehow Silver is more useful but just has not got the appeal - my silver candlesticks are tarnishing. Diamonds are for women - they do nothing for me. aww its blasphemy... Silver oxide has the amazing quality of also being conductive. Its is matured silver. Diamonds are for women? I mean have you heard B&W speakers with thier diamond tweeters. Clearly the best aplication of diamond. You need to hear your favorite music through B&W 80?D. The ancient kings would have given you all their gold for such an experience. Get the ladies cubic zirconium, they wont know the difference (unless they try and dress a grindstone with it) Edited January 25, 2008 by azazel Quote Link to comment Share on other sites More sharing options...
wren Posted January 25, 2008 Share Posted January 25, 2008 (edited) Does any one know how much a tradesman got paid per day or week, in gold or silver throughout history? Im sure GOLDFINGER has a graph up his gold sleeve somewhere? Talking of sleeves....The idea of a suit costs an ounce of gold is somewhat distorted by todays mass production. Asda do a suit for £20 I think. I used to know numbers from ancient times to early the 20th century in terms of silver. For wage reference a good historical standard is reckoned to be a private soldier in the army. I find this plausible because the economic value is likely similar in the broad scheme of things. I lost my old files on this (a lost hard disk) but we could seek them out again. If my memory doesn't fail, a typical labourer in 19th century U.S.A. earned about one ounce of silver a day. Anyway, let's check this out. Information does exist from ancient Roman times, Anglo-Saxon times etc. Silver was generally a good standard, although its value changed radically after the South American supplies were opened to Europe. Re Asda: a suit of what for 20 quid, man? The one ounce story should surely be a top-notch three piece man's suit. Really, I was trying to point out the likely radical undervaluation in 2001 and indeed as you say structural economic changes might well have invalidated that comparison. These are interesting fundamental economic considerations. I wonder what "fair" value for an ounce of gold is? Edited January 25, 2008 by wren Quote Link to comment Share on other sites More sharing options...
Harold Bishop Posted January 25, 2008 Share Posted January 25, 2008 Re Asda: a suit of what for 20 quid, man? The one ounce story should surely be a top-notch three piece man's suit. Forget cheap Asda suits. I'm sure that you'll find a good three piece suit in 1929 in the USA was 1oz gold. Same would apply today - well until gold lit the after burners ! Measuring assets we buy in gold is an interesting measure. Anyone have a chart for average house price in gold over the last 25 years ? I think gold is more than its $ value on some chart. It has an emotional attachment which of course is the last thing that should enter into investment decision making. But witness 500+ pages on this thread. Knowing its stashed and outside the conventional economy does it for me. Sort of the ultimate Black Economy. Quote Link to comment Share on other sites More sharing options...
Compounded Posted January 25, 2008 Share Posted January 25, 2008 (edited) Forget cheap Asda suits. I'm sure that you'll find a good three piece suit in 1929 in the USA was 1oz gold. Same would apply today - well until gold lit the after burners !Measuring assets we buy in gold is an interesting measure. Anyone have a chart for average house price in gold over the last 25 years ? I think gold is more than its $ value on some chart. It has an emotional attachment which of course is the last thing that should enter into investment decision making. But witness 500+ pages on this thread. Knowing its stashed and outside the conventional economy does it for me. Sort of the ultimate Black Economy. You will not have to go far back in this thread before you come accross Guru Goldfingers Gold/Houseprice graph. Basically houses cycle between 100oz and 700oz, think it woz 700oz in 2005 now 550oz for the average UK house and the USA is much the same. The theory is simple most of the time keep your wealth in companies ie shares, in bad times secure it in gold. To do this in the 20thC needed 4 trades, gold in the depression and gold in the 70's the rest of the time in the stock market, timing it perfectly would turn approx $200 into $1m Edited January 25, 2008 by Compounded Quote Link to comment Share on other sites More sharing options...
azazel Posted January 25, 2008 Share Posted January 25, 2008 well I recon the tradesman who made suits when that comparison was "coined" were true tradesmen weaving fine wool from some cold scottish bleak hell hole (nothing changed there then...) and then crafted into the finest that a tailor could supply to the wealthist of bankers of the Rothchild dynasty. In this case Its got to be a Beckham type suit that could cost....... what do you think? Or do you prefere to compare the price of gold to an asda suit made in china? Quote Link to comment Share on other sites More sharing options...
Guest_chris c-t_* Posted January 25, 2008 Share Posted January 25, 2008 And on that note, the holdings have gone up AGAIN!Jan 1st: London New York Zurich 1,119.309 100.759 3,686.673 Update, Jan 17th: London New York Zurich Dollars Euros Pounds 1,193.979 100.759 3,841.605 9,259,658.19 3,326,113.76 8,296,953.72 Jan 19th: London New York Zurich Dollars Euros Pounds TOTAL 1,193.979 100.759 3,953.144 6,114,258.22 3,483,138.65 8,242,350.35 Jan 23rd: London New York Zurich Dollars Euros Pounds 1,231.226 100.759 4,025.662 13,800,959.78 3,853,177.40 7,832,031.98 Sorry if this is getting boring, but the Zurich vault growth is astonishing! . $7M cash converted to Gold. Jan 25th: London New York Zurich Dollars Euros Pounds 1,231.226 100.759 4,329.463 7,327,180.47 3,924,654.15 7,009,863.09 Quote Link to comment Share on other sites More sharing options...
wren Posted January 26, 2008 Share Posted January 26, 2008 Sorry if this is getting boring, but the Zurich vault growth is astonishing! . $7M cash converted to Gold. Jan 25th: London New York Zurich Dollars Euros Pounds 1,231.226 100.759 4,329.463 7,327,180.47 3,924,654.15 7,009,863.09 Oops, but whom might must one trust when it comes to money! I wondered why the Zurich vault was so popular, am I missing something? Quote Link to comment Share on other sites More sharing options...
Daft Boy Posted January 26, 2008 Share Posted January 26, 2008 Goldfinger, Guru of my life, you have made millionaires of so many of us on this thread. I worship and salute you. p.s. FFS lets us all know when the best time is to sell and take our profit O mighty one. My ass and left eye is starting to twitch. Quote Link to comment Share on other sites More sharing options...
wren Posted January 26, 2008 Share Posted January 26, 2008 (edited) mispost Edited January 26, 2008 by wren Quote Link to comment Share on other sites More sharing options...
wren Posted January 26, 2008 Share Posted January 26, 2008 Goldfinger, Guru of my life, you have made millionaires of so many of us on this thread. I worship and salute you. p.s. FFS lets us all know when the best time is to sell and take our profit O mighty one. My ass and left eye is starting to twitch. Prob is you need the estimate the value of your holdings. The rest is speculation. DYOR. Quote Link to comment Share on other sites More sharing options...
Pluto Posted January 26, 2008 Share Posted January 26, 2008 Chinese queue up to buy gold as supplies run out: http://bulo.aeeboo.com/group/topic/12881/ Please note this web page in chinese. Quote Link to comment Share on other sites More sharing options...
Guest Bart of Darkness Posted January 26, 2008 Share Posted January 26, 2008 Dead link. Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted January 26, 2008 Share Posted January 26, 2008 I wonder what "fair" value for an ounce of gold is? 1 months minimum wage work for an american. 2 weeks min wage work for a uk resident 3 weeks for a european.. Quote Link to comment Share on other sites More sharing options...
Errol Posted January 26, 2008 Share Posted January 26, 2008 Gold chart 25/01/08 - Chart Quote Link to comment Share on other sites More sharing options...
Converted Lurker Posted January 26, 2008 Share Posted January 26, 2008 Goldfinger, Guru of my life, you have made millionaires of so many of us on this thread. I worship and salute you. p.s. FFS lets us all know when the best time is to sell and take our profit O mighty one. My ass and left eye is starting to twitch. you started with half a mill then? Quote Link to comment Share on other sites More sharing options...
Daft Boy Posted January 26, 2008 Share Posted January 26, 2008 you started with half a mill then? Well we all have to start somewhere . Its only the cost of a 3 bed terrace in London. Quote Link to comment Share on other sites More sharing options...
Guest grumpy-old-man Posted January 26, 2008 Share Posted January 26, 2008 Gold chart 25/01/08 - Chart I am waiting for the next small dip, hopefully in the next couple of weeks. What do you & the other goldbugs think ? Quote Link to comment Share on other sites More sharing options...
gravity always wins Posted January 26, 2008 Share Posted January 26, 2008 I agree that this deflationary talk is getting ridiculous. How can we have a contracting money supply (deflation) when the central banks can keep pumping out the stuff and keep spreading it around like confetti??? If you really think the Fed stopped printing M3 to hide a contracting money supply then you need your head examining. They have the ability to bail out EVERY SINGLE failed derivative on the planet if need be... even if that costs them $500 trillion+ to do so!! I think ridiculous is a bit strong, If 95% of the worlds money is debt and is secured against assets that are depreciating then these assets need to be sold to repay the loans. More money out of the system less money to lend. If the commodities markets are being driven by speculative money then they will fall as debts need to be repaid, this is what seems to be happening. If 5% of the worlds money is cash (not debt) and mostly held by overseas govts sovereign wealth funds generally poor countries then why would they want to pour this money in to a commodities hyperinflationary boom so as to crush their own people? Why would the Oil countries want to push the price of oil in to orbit they would be killing the goose that laid the golden egg. The goldilocks cycle of oil profits in to oil speculastion is reversing the reason as I see it is that a high price of oil our energy reduction technology will start to kick in. So if less than 5% of of money is actual cash then how much effect can this have if the other 95% is debt? I perfectly understand the principle that a bdbt default is inflationary and a debt repayment is deflationary. But if the winners of this game BRIC nations hold the purse strings then I think you maybe do not understand their motives after all they are no longer puppet nations serving their masters as they used to. You seem to be stuck in some sort of 1970's time warp with strong unions, weak and greedy commodity producing nations and currencies not overloaded by debt. Life on Mars anyone? Quote Link to comment Share on other sites More sharing options...
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