The shortage is in your head
Being Sunday I think I can throw in here some personal thoughts without disturbing to much. Excuse my English, 2nd language.
Human stupidity is so depressing. Let's take for example the discussions about the price of gold (precious metals in general) "skyrocketing very soon".
The first question is so what if the price of precious metals will skyrocket for the imbeciles who will not sell it anyway ? The proof is that when the gold reached over $1000 an ounce instead of selling the imbeciles start screaming "buy, buy,buy, this is the last chance to buy CHEAP gold". ! Needless to say the gold drop under $700 an ounce few months later.
You know what, I will even stop talking about precious metals, I will just talk about gold, I mean for example who the f0ck can take silver seriously ?
Buying silver is something between laughable and very stupid, let's face it, you need a f0ckin' wheelbarrow to move around $3000 worth of silver.
Let's say Martial Law is coming and you need to escape illegally with your $20.000 worth of silver ? What's this, something like 50 kilos (100 lb) ? Trust me on this one, instead silver just grab some of your house cooper pipes (even better if you live in rent), throw in the equation the electric panel, take your beloved iPod, the the laptop, Prada wallet, Citizen watch and the Ray Ban sun glasses and when you finally make it to Chile sell the items for what the other guy will get for his 50 kilos silver, supposing he didn't die by exhaustion carrying that stuff around.
I mean come on, silver, just get the f0ck out of here ! Did you ever saw the persons "investing" in silver ? I'm not talking about speculators, I'm talking about the "geniuses" who expect the price of silver going up 400% or 800% overnight, you know, prices pushed by an event like Luxembourg invading Russia !
One category of silver buyers are the light drugs users, they dress at Good Will and twice a month are buying $30-40 worth of silver. Missing teeth and talking about the "imminent collapse of the dollar" are very popular between them.
Another group are the irresponsible imbeciles who inherited some silver from their dead grandma or grandpa, together with the story about how much silver will be worth in the future...because you know, "very soon" the silver will be impossible to find ! So what if SEARS and K-Mart have tones of silverware on their shelf, shhhhhhh, trust me, "very soon it will be all gone" and the price of silver will go up 1000% overnight. Oppps, I might be wrong, "geniuses" like SierraWhatevere or Lisa C. are predicting a 4000% increase !
But you know what, the sad part is if the silver is going so high the poor imbeciles will still not sell, they will "wait to go higher, and higher"...so what's the f)ckin' point of owning silver after all ?
Oh, the thing with "silver and gold are impossible to find" is another thing which drives me crazy. "The coin dealer next to my house is out of gold" you read on daily basis. Well of course if you pick up the phone and ask "do you have 5 oz of pure gold" they will tell you NO ! This is normal, the dealers doesn't stock gold, they charge commissions. If you need gold tell them , pay them in advance and they will get the metals it for you. It will take a while but this is also normal, it all depends of what you want.
Silver of course is everywhere, the imbeciles are talking about "silver shortage" but if you go on eBay you can find listed for sale over 20.000 silver coins and bullion's. Come on people, let's get f0ckin' real here !
Speaking about gold, I would really like to know when the price will "skyrocket" ? Here we have wars going on, one of the biggest WORLDWIDE economic-financial crisis...still, the gold is cheaper then a year ago ?
Dollar collapse ? You make me laugh ! Do you people understand what the will mean ? Do you think the billionaires of this planet will just let their fortune and power fly away overnight ?
Few months ago the Russians, yes, THE RUSSIAN people start panicking about their currency going down and they got...guess what they got ? Silver ? Gold ? Platinum ? NO ! US dollars !
Not just the dollar is paper, the yen or euro are also crap...and guess what, the best crap it's still the $.
Anyway I gotta go now without making the valid point I intended after all, that's ok, I will do it next time.
Well
The shortage in my head just went up $10 an ounce......
My Barrett...
Weighs 30 pounds and I can lug it around all day. So 18 pounds of silver would be no problem!
There is no need for gold.
In the fifth century Cassiodorus (a Goth administrator) stated "It may be that some seek not gold, but there lives not a man that does not need salt."
LOL.
Nice one.
I've got salt. Wanna trade?
An ounce of salt for an ounce of gold?
*****
www.women4ronpaul.com
Ron Paul "Sign Wave Across the USA" -- November 5th!
Don't laugh.
If things get really nasty, salt will skyrocket in value. Good item to buy in bulk, IMHO.
SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States
SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States
very very true
Wars were fought over salt. Come to think of it, an episode of Jericho was about this very subject.
I do have salt. Lots of it.
You didn't think I was taking part in a "naked" trade did you?
*****
www.women4ronpaul.com
Ron Paul "Sign Wave Across the USA" -- November 5th!
your doomsday scenario where
your doomsday scenario where by people are "escaping to chile" is pretty stupid.
if that's where this country and this world is headed, people by the millions, escaping somewhere...even if true...you have nothing for us. Your advice is to sell an ipod and sunglasses? bwa ya ha hah hah a ha!!!!!!!!!!!!!!1111111111111 moron.
your describing a situation that is "possible", but so have a lot of people. and the fact of the matter is, you have zero insight into that scenario. what are your credentials that allow you to speculate on the potential hedges to a "flee doomsday" scenario?
you got jack shit, that's what you have.
I'll give you one thing, if we were faced with that scenario, it's true people will not be hauling silver or gold around, or much of anything. it doesn't take a rocket scientist to figure that one though.
I'm still waiting for some truly insightful stuff from your posts. I've been waiting for a while. It's now time to put this to rest. You got nothing. It's true that gold and silver prices may drop some more.
So what. That proves what?
Nothing.
You're a clueless schmuck. Even your rants are boring.
Gold and silver can be stored in vaults both
in the US and overseas. Transportation arrangements can be made to ship metal anywhere in the world.
*****
www.women4ronpaul.com
Ron Paul "Sign Wave Across the USA" -- November 5th!
Poor Maersk so many words, so little wisdom.
What does it feel like to be the Daily Paul dickhead?
How's GREED, BTW?
*****
www.women4ronpaul.com
Ron Paul "Sign Wave Across the USA" -- November 5th!
In terms of value, gold and
In terms of value, gold and silver are very good to use as money, but if people become afraid to use and spend it, than what good does it serve. The economy comes to a standstill if people do not spend money, whether it be gold or not. This is one reason why gold was replaced by the FRN, the idea was that people knowing that FRNs are just paper would therefore be more willing to pass it along instead of hoarding it.
LISTEN AND LEARN...
http://www.youtube.com/watch?v=nPe1il0gRw8
I think I know this guy
I think he is kitco's jon nadler' evil nephew. I guess it runs in the family. Ole jon must a got him a job with maesrk shipping cleaning out bilges. Maybe he got a hot job trailing around one of his relatives who trades pm on the crimex and always checks his shorts to make sure there is a tonne of shit in em and then dumps them on the spot--market.
what a loser
http://www.youtube.com/wa...
http://www.youtube.com/watch?v=WAOxY_nHdew&feature=related
There is a shortage of small denomination bars and rounds AT THESE PRICES. People who have jumped on the precious metals bandwagon over the past year have grabbed the smaller stuff and aren't letting go. That is why premiums for these products have spiked.
2400 Tonnes of gold mined last year...Hmmmm
Wow, iehuvihs! 2,400 Tonnes mined last year sounds like a great deal of gold is now available for purchase and about to overcome demand. Let's do the math...
1 Tonne = 1000 Kilograms = 2,200 lbs.
2,200 (lbs. per tonne) * 2,400 (tonnes of gold mined) = 5,280,000 (lbs. of gold mined)
Convert to Ounces
5,280,000 (lbs of gold mined) * 16 (oz. per lb.) = 84,480,000 (oz. of gold mined)
Divide amongst US population
84,480,000(oz. of gold mined)/301,140,000 (US Population) = .28 oz. of gold per person...about the same as holding 3 dimes in your hand.
Divide amongst World Population
84,480,000 (oz. of gold mined)/6,602,224,175 (World Population) = .0127 (oz of gold per person)...about the same as pie cutting a dime into 6 pieces and then holding 1/6 of a dime in your hand.
Well....2,400 Tonnes of gold doesn't look like so much does it?
**“The man who does not read good books has no advantage over the man who cannot read them.” ~ Mark Twain **
iehuvihs
"...there is no doubt that it (socialism) could not possibly have affected us so widely and so deeply as it has, had it not been heavily financed". - B. Carroll Reece
.28 ounces of gold is more
.28 ounces of gold is more that $200 dollars.
What's your point?
Seems to me you were pointing to a lack of scarcity...
**“The man who does not read good books has no advantage over the man who cannot read them.” ~ Mark Twain **
"...there is no doubt that it (socialism) could not possibly have affected us so widely and so deeply as it has, had it not been heavily financed". - B. Carroll Reece
My point is that it is not
My point is that it is not like having 3 dimes in my hand. And unless a government restricts people to use only gold for money, it is just another commodity like anything else.
grant
That Has Been Around As Long As Humans Have!!
More than any other commodity!!
I believe salt was used as
I believe salt was used as money before gold. Hence the term "salary".
grant
And what happened after gold was found?
No one wanted salt anymore.
Except for their fries.
*****
www.women4ronpaul.com
Ron Paul "Sign Wave Across the USA" -- November 5th!
Correct...but as you can see...
there is far from an overabundance of this commodity available for people looking to transport their wealth across an inflationary chasm.
**“The man who does not read good books has no advantage over the man who cannot read them.” ~ Mark Twain **
"...there is no doubt that it (socialism) could not possibly have affected us so widely and so deeply as it has, had it not been heavily financed". - B. Carroll Reece
Do you think that gold is
Do you think that gold is going to hold it's value against other commodities at the level it is today? I am not talking about FRNs, that is a foolish thing to hold, I am refering to putting all one's faith in gold and silver.
The man who believes everything he reads is a fool, at some point experience and wisdom leads one to the truth.
grant
Absolutely and without a doubt...
Look at how it performed from 1929 to 1937 in a completely deflationary environment. As to inflationary...well...ya gotta be a dolt to think it wouldn't outperform FRN's as a means of value transport.
I "collect" or heard other things as well.
If you want to use salt...you better get a REALLY big wheelbarrow.
**“The man who does not read good books has no advantage over the man who cannot read them.” ~ Mark Twain **
"...there is no doubt that it (socialism) could not possibly have affected us so widely and so deeply as it has, had it not been heavily financed". - B. Carroll Reece
Gold is the most sought after commodity....
in times of crisis. Period, end of story.
You are welcome to haul around 2 tons of hay and 1 ton of corn.
An oz. of gold will buy many tons of each.
I welcome newcomers to bring
I welcome newcomers to bring up discussion. Instead of ignoring him educate him. Personally I want gold and silver to return to our country as money, but I don't believe people should store it.
Moron
Usually I refrain from insulting people on the Daily Paul. However, this poster is an idiot, imbecile, and a moron. According to the Silver spot price for 12/12/2008 silver is trading at $10.24 per ounce.
http://www.kitco.com/market/
A quote from the poster:
"Buying silver is something between laughable and very stupid, let's face it, you need a f0ckin' wheelbarrow to move around $3000 worth of silver."
$3000 worth of silver is 292.96875 ounces or 18.31054688 pounds. How many people do you know need a wheel barrow to carry 18 pounds of something tangible?
Web Developer
www.AnetComputers.com
www.RightToRedress.com
Take Back Your Country!
www.RealityUnKnown.com
If the mugombo guru is
If the mugombo guru is correct, I am going to be freakin rich. hahaha.
Stop Responding to This Idiot!
Account id 4 weeks old, comes on here condescendingly throws insults and condemns gold and silver buyers and claims gold and silver are a joke. Can you say TROLL!
Stop responding to this idiot! He will then seek attention elsewhere.
-----
Every normal man must be tempted at times to spit on his hands, hoist the black flag, and begin to slit throats. H. L. Mencken
Get Prepared!
-----
End The Fat
70 pounds lost and counting! Get in shape for the revolution!
Get Prepared!