JesasaurusRex
On a break
So you don't know? Gold isn't used for shit in large amounts per application, is that the way you wanted that worded?
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How is that gold investment working out for you?
- Thread starter Climber
- Start date
So you don't know? Gold isn't used for shit in large amounts per application, is that the way you wanted that worded?
Reli
Well-known member
So you don't know? Gold is used in hundreds of millions of commercial applications per year, which all add up......is that the way you wanted that worded?
SM610
Well-known member
- Joined
- Dec 22, 2004
- Location
- former TL, Foothills now
- Moto(s)
- TTR 125 L, 08 WR250F, CRF230, CRF150F, Surron Ultra Bee, the little bikes are starting to pile up...
Gold is fungible, as in easily divisible and extremely malleable.
Gold has excellent electrical properties...
Which leads me to similar facts about silver. It is only a bit more able to corrode than gold, as only contact with sulphur does the stuff in.
It has purification properties for water, prevents bacterial growth, which is why we have "silverware".
It's also pretty rare, all mined would make a cube the size of a lg. building (50m cube). most of which was mined after 1900. There are only a few silver specific mines, the 2nd largest of which had a land slide a few months ago and will be off line for years. The rest comes as a byproduct of other mining.
One of the big differences is industrial use, dollar for dollar way better than gold as far as electrical properties go. The thing you're looking at right now has silver in it. I can' find the link right now, but depending on the model, cell phones have between $40 and $130 worth of valuable metals in them, much of which is silver, and almost none of which is recycled (1%). Figures on phones discarded as of '05 were half a billion units, so we might assume it's soon to double that (US EPA). So, whereas little gold is lost in industrial use, tons of silver "disappears" every year. There's just no great way to mine industrial losses, it's cheaper to mine more from the ground.
The PM market has definite importance, and be sure that various people out there are making a shit ton of money in it. Why else would there be manipulation?
If it's your only focus, then that's not really good investment strategy. But I don't think anyone here ever said they should be all in on PMs, it's a part of a diverse portfolio. Is that so hard to see? It's MONEY, not currency.
The banks and the Gov don't want you to pay attention to it because they can't control it, tax it, or MAKE it, which is appealing to me. Every transaction EVERYWHERE has the banks greedy little fingerprint on it(except 4th world countries where they trade cows, etc). Or, unless you are paying with blowjobs, which despite being part of a healthy barter system, is distasteful. Or not very tasty, or sumpn...
JesasaurusRex
On a break
So are diamonds
When my cell phone goes out i'll be sure to PM you for your addy so i can ship it to you.
MrIncredible
Is fintastic
We need a scumbag biker meme for this thread.
"Claims they can predict the market
Rides a 20 year old bike"
"Claims they can predict the market
Rides a 20 year old bike"
Reli
Well-known member
Hey, I wasn't the one who claimed gold "will never be used", lolz
JesasaurusRex
On a break
No, but you did say that goldschlager was a useful application, lul
morthrane
Help I'* being Oppressed!
I'm sorry you believe that I post just for feel good. You asked (what I assuemd to be) an honest question, I tried to give an honest answer with a free joke, and I get confirmation that you're just trolling.Because of how rare it is it will never be used for any of the useful things you mentioned and continue to be something hoarded because it's shiny but wouldn't be worth two shits if everything went to hell. You know this though and just wanted to see yourself post something
Even if everything went to hell, life will still go on. Commerce will continue in some form or another. You can hoard any number or kinds of physical goods-- it just happens that gold historically and effectively fills that role better than damned near anything.
Gold doesn't corrode, silver does corrode in oxygen. Silver is the best electrical conductor element, but corrosion quickly cuts down on its effectiveness. Hence gold plating for connectors that can be exposed to humidity and/or oxygen.
Such is the nature of silver's chemical properties. Just like Platinum and other precious metals used in catalytic converters, the material is used up as part of the process. Virtually all the silver ever mined as been destroyed this way, used in industrial processes: for example, silver nitrate was heavily used in film throughout the 20th century... all gone.
AFAIK, the majority of silver production is actually byproduct of mining for other materials, such as in copper mines that have a small dividend of silver and gold.
Diamonds are bullshit, and can be artificially created in an economical manner. Just a bunch of carbon, only the most plentiful element on earth just about.
No one to date has figured out a way to artificially produce heavy metals such as gold or silver (or uranium, or...)
Vaguely related...
I'm not sure how they calculate the price of a ton of gold at only 6 or 7.5 million dollars though...more like $45M...
I'm not sure how they calculate the price of a ton of gold at only 6 or 7.5 million dollars though...more like $45M...
Ducky_Fresh
Treasure Hunter
Question is, where is it coming from or where are they getting it from?
A lot of money came out of Facebook, Google, etc. Maybe those folks held it until now, but I am sure there is a considerable amount coming from overseas.
wazzuFreddo
WuTang is 4 the children
I doubt Facebook and Google big money folks are living in my neck of the woods
ALANRIDER7
MeowMeowMeow
http://www.singledudetravel.com/2013/04/back-up-the-truck/
And if you still have a significant amount invested in the stock market still at this day in 2013, I say to you, “WHAT THE FUCK ARE YOU DOING, DUDE? Are you fucking retarded? Can you not see the rampant worldwide money printing, borrowing and spending willy-nilly, and all the fraudulent Wall Street/Washington corrupt shenanigans? Do you really think this is going to end well? Have you ever known anyone who wasted a bunch of money, got into debt, borrowed more and more for years to make it worse, and then it turned out well? Ever? Look, this shit happens throughout history over and over and it always turns out the same way. “Not well.”
It's all overseas money, mostly China. Those with government connections can move large chunks of money (regular people are limited to $50k a year) and that's why everything has all-cash offers on it. The speculation benefits current home owners but it harms the valley because cost of living goes up and that value is then being extracted by foreigners, who may not be feeding that money back into the local economy.
mike23w
Giggity
it should work itself out eventually.
when japan was the economic leader in the 80s they were buying up most of california causing local prices to bubble - RE prices worked themselves back to affordable levels.
although in japan, re prices are still so high they have introduced the 100 year mortgage in conjunction with extremely low mortgage rates (less than 2%).
Nucking Futs
Active member
Fine, I will, but only to show something that I think is a real problem, and not to give advice. Also, I'm no expert, as what I will say forthcoming will show.
I read all of the posts you guy's put up, and there is alot of opinion involved. I think the reason why it's so hard to speculate gold is because we are such small players in the game. We are not small fish in a big pond. We are protozoa in the ocean compared to who is playing this game. Here is some tip of the iceberg stuff:
http://www.rollingstone.com/politic...ed-the-biggest-financial-scandal-yet-20130425
http://silverdoctors.com/tag/bart-chilton/
I'm not trying to spread FUD, and I'm not a conspiracy theory guy either. The fact is banks are too big to fail, so if they get called out on paper gold margin, there will be no real justice. In fact Joe Blow taxpayer will just bail them out. This is the new precedent, and regulators have no power to stop them. So bottom line is Caveat Emptor.
What gold has been trditionally used for from before ~1964 is still valid. Physical gold is "like" a currency. But paper gold (which has been manipulating spot prices) is a whole other beast, and it's created a "skyhook" situation.
Maybe I will give some advice: I think every person should have 2-3 ounces of physical gold in fractional sizes and maybe 20-30 oz of silver in old US coins in the slim chance of a "bank cash run" you would have some portable wealth available. Other than that, DIVERSIFY your investments, and whatever % of your portfolio is in precious metals is up to you. If you want to invest in gold, buy it. If you don't like gold, stay away. But understand that nowadays it's a stacked game that is not fair for us small guys.
redruM
Peripheral Visionary
- Joined
- May 31, 2011
- Moto(s)
- Turismo Veloce 800 / Dorsoduro 1200
The governmedia propaganda machine would have the masses believe that "Americans most confident in five years" http://www.marketwatch.com/story/americans-most-confident-in-five-years-2013-05-28?dist=lcountdown 
Meanwhile, back at Reality Ranch...
- Back in 1980, the U.S. national debt was less than one trillion dollars. Today, it is rapidly approaching 17 trillion dollars...
- During Obama's first term, the federal government accumulated more debt than it did under the first 42 U.S presidents combined.
- The U.S. national debt is now more than 23 times larger than it was when Jimmy Carter became president.
- If you started paying off just the new debt that the U.S. has accumulated during the Obama administration at the rate of one dollar per second, it would take more than 184,000 years to pay it off.
- The federal government is stealing more than 100 million dollars from our children and our grandchildren every single hour of every single day.
- Back in 1970, the total amount of debt in the United States (government debt + business debt + consumer debt, etc.) was less than 2 trillion dollars. Today it is over 56 trillion dollars...
- According to the World Bank, U.S. GDP accounted for 31.8 percent of all global economic activity in 2001. That number dropped to 21.6 percent in 2011.
- The United States has fallen in the global economic competitiveness rankings compiled by the World Economic Forum for four years in a row.
- According to The Economist, the United States was the best place in the world to be born into back in 1988. Today, the United States is only tied for 16th place.
- Incredibly, more than 56,000 manufacturing facilities in the United States have been permanently shut down since 2001.
- There are less Americans working in manufacturing today than there was in 1950 even though the population of the country has more than doubled since then.
- According to the New York Times, there are now approximately 70,000 abandoned buildings in Detroit.
- When NAFTA was pushed through Congress in 1993, the United States had a trade surplus with Mexico of 1.6 billion dollars. By 2010, we had a trade deficit with Mexico of 61.6 billion dollars.
- Back in 1985, our trade deficit with China was approximately 6 million dollars (million with a little "m") for the entire year. In 2012, our trade deficit with China was 315 billion dollars. That was the largest trade deficit that one nation has had with another nation in the history of the world.
- Overall, the United States has run a trade deficit of more than 8 trillion dollars with the rest of the world since 1975.
- According to the Economic Policy Institute, the United States is losing half a million jobs to China every single year.
- Back in 1950, more than 80 percent of all men in the United States had jobs. Today, less than 65 percent of all men in the United States have jobs.
- At this point, an astounding 53 percent of all American workers make less than $30,000 a year.
- Small business is rapidly dying in America. At this point, only about 7 percent of all non-farm workers in the United States are self-employed. That is an all-time record low.
- Back in 1983, the bottom 95 percent of all income earners in the United States had 62 cents of debt for every dollar that they earned. By 2007, that figure had soared to $1.48.
- In the United States today, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined.
- According to Forbes, the 400 wealthiest Americans have more wealth than the bottom 150 million Americans combined.
- The six heirs of Wal-Mart founder Sam Walton have as much wealth as the bottom one-third of all Americans combined.
- According to the U.S. Census Bureau, more than 146 million Americans are either "poor" or "low income".
- According to the U.S. Census Bureau, 49 percent of all Americans live in a home that receives direct monetary benefits from the federal government. Back in 1983, less than a third of all Americans lived in a home that received direct monetary benefits from the federal government.
- Overall, the federal government runs nearly 80 different "means-tested welfare programs", and at this point more than 100 million Americans are enrolled in at least one of them.
- Back in 1965, only one out of every 50 Americans was on Medicaid. Today, one out of every 6 Americans is on Medicaid, and things are about to get a whole lot worse. It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.
- As I wrote recently, it is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025.
- At this point, Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years. That comes to approximately $328,404 for every single household in the United States.
- Right now, there are approximately 56 million Americans collecting Social Security benefits. By 2035, that number is projected to soar to an astounding 91 million.
- Overall, the Social Security system is facing a 134 trillion dollar shortfall over the next 75 years.
- Today, the number of Americans on Social Security Disability now exceeds the entire population of Greece, and the number of Americans on food stamps now exceeds the entire population of Spain.
- According to a report recently issued by the Pew Research Center, on average Americans over the age of 65 have 47 times as much wealth as Americans under the age of 35.
- U.S. families that have a head of household that is under the age of 30 have a poverty rate of 37 percent.
- As I mentioned recently, the homeownership rate in America is now at its lowest level in nearly 18 years.
- There are now 20.2 million Americans that spend more than half of their incomes on housing. That represents a 46 percent increase from 2001.
- 45 percent of all children are living in poverty in Miami, more than 50 percent of all children are living in poverty in Cleveland, and about 60 percent of all children are living in poverty in Detroit.
- Today, more than a million public school students in the United States are homeless. This is the first time that has ever happened in our history.
- When Barack Obama first entered the White House, about 32 million Americans were on food stamps. Now, more than 47 million Americans are on food stamps.
- According to one calculation, the number of Americans on food stamps now exceeds the combined populations of "Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming."
Meanwhile, back at Reality Ranch...
- Back in 1980, the U.S. national debt was less than one trillion dollars. Today, it is rapidly approaching 17 trillion dollars...
- During Obama's first term, the federal government accumulated more debt than it did under the first 42 U.S presidents combined.
- The U.S. national debt is now more than 23 times larger than it was when Jimmy Carter became president.
- If you started paying off just the new debt that the U.S. has accumulated during the Obama administration at the rate of one dollar per second, it would take more than 184,000 years to pay it off.
- The federal government is stealing more than 100 million dollars from our children and our grandchildren every single hour of every single day.
- Back in 1970, the total amount of debt in the United States (government debt + business debt + consumer debt, etc.) was less than 2 trillion dollars. Today it is over 56 trillion dollars...
- According to the World Bank, U.S. GDP accounted for 31.8 percent of all global economic activity in 2001. That number dropped to 21.6 percent in 2011.
- The United States has fallen in the global economic competitiveness rankings compiled by the World Economic Forum for four years in a row.
- According to The Economist, the United States was the best place in the world to be born into back in 1988. Today, the United States is only tied for 16th place.
- Incredibly, more than 56,000 manufacturing facilities in the United States have been permanently shut down since 2001.
- There are less Americans working in manufacturing today than there was in 1950 even though the population of the country has more than doubled since then.
- According to the New York Times, there are now approximately 70,000 abandoned buildings in Detroit.
- When NAFTA was pushed through Congress in 1993, the United States had a trade surplus with Mexico of 1.6 billion dollars. By 2010, we had a trade deficit with Mexico of 61.6 billion dollars.
- Back in 1985, our trade deficit with China was approximately 6 million dollars (million with a little "m") for the entire year. In 2012, our trade deficit with China was 315 billion dollars. That was the largest trade deficit that one nation has had with another nation in the history of the world.
- Overall, the United States has run a trade deficit of more than 8 trillion dollars with the rest of the world since 1975.
- According to the Economic Policy Institute, the United States is losing half a million jobs to China every single year.
- Back in 1950, more than 80 percent of all men in the United States had jobs. Today, less than 65 percent of all men in the United States have jobs.
- At this point, an astounding 53 percent of all American workers make less than $30,000 a year.
- Small business is rapidly dying in America. At this point, only about 7 percent of all non-farm workers in the United States are self-employed. That is an all-time record low.
- Back in 1983, the bottom 95 percent of all income earners in the United States had 62 cents of debt for every dollar that they earned. By 2007, that figure had soared to $1.48.
- In the United States today, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined.
- According to Forbes, the 400 wealthiest Americans have more wealth than the bottom 150 million Americans combined.
- The six heirs of Wal-Mart founder Sam Walton have as much wealth as the bottom one-third of all Americans combined.
- According to the U.S. Census Bureau, more than 146 million Americans are either "poor" or "low income".
- According to the U.S. Census Bureau, 49 percent of all Americans live in a home that receives direct monetary benefits from the federal government. Back in 1983, less than a third of all Americans lived in a home that received direct monetary benefits from the federal government.
- Overall, the federal government runs nearly 80 different "means-tested welfare programs", and at this point more than 100 million Americans are enrolled in at least one of them.
- Back in 1965, only one out of every 50 Americans was on Medicaid. Today, one out of every 6 Americans is on Medicaid, and things are about to get a whole lot worse. It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.
- As I wrote recently, it is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025.
- At this point, Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years. That comes to approximately $328,404 for every single household in the United States.
- Right now, there are approximately 56 million Americans collecting Social Security benefits. By 2035, that number is projected to soar to an astounding 91 million.
- Overall, the Social Security system is facing a 134 trillion dollar shortfall over the next 75 years.
- Today, the number of Americans on Social Security Disability now exceeds the entire population of Greece, and the number of Americans on food stamps now exceeds the entire population of Spain.
- According to a report recently issued by the Pew Research Center, on average Americans over the age of 65 have 47 times as much wealth as Americans under the age of 35.
- U.S. families that have a head of household that is under the age of 30 have a poverty rate of 37 percent.
- As I mentioned recently, the homeownership rate in America is now at its lowest level in nearly 18 years.
- There are now 20.2 million Americans that spend more than half of their incomes on housing. That represents a 46 percent increase from 2001.
- 45 percent of all children are living in poverty in Miami, more than 50 percent of all children are living in poverty in Cleveland, and about 60 percent of all children are living in poverty in Detroit.
- Today, more than a million public school students in the United States are homeless. This is the first time that has ever happened in our history.
- When Barack Obama first entered the White House, about 32 million Americans were on food stamps. Now, more than 47 million Americans are on food stamps.
- According to one calculation, the number of Americans on food stamps now exceeds the combined populations of "Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming."
mike23w
Giggity
The governmedia propaganda machine would have the masses believe that "Americans most confident in five years" http://www.marketwatch.com/story/americans-most-confident-in-five-years-2013-05-28?dist=lcountdown
Meanwhile, back at Reality Ranch...
you forgot to post your source: The Economic Collapse blog
lol
ALANRIDER7
MeowMeowMeow
Save your breath. The lemmings still think he's a water-walker.
redruM
Peripheral Visionary
- Joined
- May 31, 2011
- Moto(s)
- Turismo Veloce 800 / Dorsoduro 1200
Paper gold itself is not "manipulating spot prices". How can it? It's the people who created paper gold... the people who make markets in paper gold... the ones who hold all the naked short positions in paper gold.... that's who & what is manipulating spot prices.
Conspiracy is alive and well, whether you and others choose to believe it or not.