| Poster | Message |
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Motty
|  10 Feb '09 10:47 : 0 recs
I forgot. Who was Litvinenko? |
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3dc
| 21 Oct '08 03:44 : 0 recs
Alice and the rabbit are drinking tea little c.
Real men are drinking beer and watching baseball or US football. |
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little c
| 06 Oct '08 10:10 : 0 recs
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Waterloo Sunset
| 26 Jul '07 09:11 : 0 recs
whose job? I suspect all jobs must be like that otherwise everyone would want the job that wasnt....... and that would be stressful for the holder of said job ! |
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Merlin
| 25 Jul '07 13:55 : 0 recs : edited 1 time : last edit 25 Jul '07 13:55
Is your job hard ? Does it have periods of strain ? Mine does |
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MingToo
| 25 Jul '07 13:48 : 0 recs
Not as good as the old 10 pound note I think, where with a couple of quick folds you could turn the queen into John McEnroe. |
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Waterloo Sunset
| 25 Jul '07 13:35 : 0 recs : edited 1 time : last edit 25 Jul '07 13:35
LOL, try looking in a mirror if thats what you want to see Goel
WS
p.s. dont bother asking saines, he has never seen one you know  |
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Merlin
| 25 Jul '07 13:11 : 0 recs
Regina not V..... |
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Goel
| 25 Jul '07 12:48 : 0 recs
I believe someone once showed me a trick where, if you fold a fiver up a certain way, you can make the Queen of England look like a vagina.
You can't do that with gold.
G. |
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3dc
| 25 Jul '07 05:49 : 0 recs
Most $ are nothing more than bit in the aether! Not even paper - Its that old savings and float thingy...
Same for other currencies. |
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Waterloo Sunset
| 24 Jul '07 15:59 : 0 recs
intrinsically i would say paper dollars have far less use than gold. Gold is very useful stuff actually |
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Warren BuffetCar
| 24 Jul '07 15:37 : 0 recs
3dc,
Something that can't be eaten or used - only hoarded.
Surely these same criticisms apply to dollars as they do to gold.
Unless you snort coke?
WBC |
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Waterloo Sunset
| 24 Jul '07 07:37 : 0 recs : edited 1 time : last edit 24 Jul '07 07:38
LOL 3dc, you assume the USA will get there first?!
You are probably correct !!!!
All these "ideas" boil down to trying to avoid th realirty of uncertainty and in some sense, fiat.
Anything's intrinsic value is also transitory in nature.
There is no permanenece,
We are, like it or not, adults out alone in the big bad world.
My advice? Dont panic, hedge. And work hard then spend wisely, not to salve immediate emotional needs
Fiat's are a fact of life, roll with it
WS |
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3dc
| 24 Jul '07 02:41 : 0 recs
Fine
Let's go mine some asteroids of massive quantities of Gold, Plat, Ir, etc... Fill up the Fed Reserve and demand the rest of the world return to metallic asset based money.
Something that can't be eaten or used - only hoarded. |
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zorro
| 23 Jul '07 23:39 : 0 recs : edited 1 time : last edit 23 Jul '07 23:40
WS
On that pragmatic note, I cannot disagree.
Before I drop this, I would like to observe that it is interesting how we have veered off Litvinenko and the Russian diplomats. But the truth is that these things are all interconnected. |
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Waterloo Sunset
| 23 Jul '07 22:56 : 0 recs
Z,
I propose that caveat emptor, let the fiats compete.
once in a while the holders of assets will take a bath.
such is life
sorry if I laid it out rather too clearly.
WS |
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zorro
| 23 Jul '07 21:03 : 0 recs
WS
Clearly, this is not an open and shut case and this is precisely why nobody has come up with any satisfactory answers. Your patronising cannot detract from the fact that you have not, either.
What do you propose? Carry on with the dollar as the global yardstick? That's it from you, is it? |
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Waterloo Sunset
| 23 Jul '07 20:31 : 0 recs : edited 1 time : last edit 23 Jul '07 20:32
anyway...... the answer could be Z that the price of gold just goes on rising.
Now, gold is used in lots of electronics, and other goods. What about them? Isnt this all rather distroting at $1000/oz, $10k, 100k.....? And one day someone might say, I dont want gold, who says gold has any intrinsic value? They could invent new materials science to make elements or maybe just discover a whole load more gold in an asteroid or something. Maybe organic nano materials replace gold in its various uses
I think you are chasing your tail z.
We could go for a number of gold-backed currencies, with some sort of international inspectors checking whether their currencies were actually backed by physical gold to the extent that they were printing money and issuing debt.
and there it is. You named what you are seeking, indirectly of course. A higher power, a benign father figure that is the authority behind your international inspectors
May I suggest Z that the basis of your views is a reluctance to, collectively (thats hard) in your socieities (local, regional, national, global), take responsibility and accept the reality of the complexity of capitalism and commerce, the true nature of human interaction?
Have I overstretched again?
WS |
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PaxAm
| 23 Jul '07 18:39 : 0 recs : edited 4 times : last edit 23 Jul '07 18:43
Just a comment Ming.
You don't have to turn a navel inside out contemplating it. 
I think official US gold reserves are still the largest by far.
I'll tell you one significance of Nevada production. It is in a politically stable part of the world with first rate infastructure, untouched by resource grabbing dictators.
When I want to invest in exploration companies or gold firms - I can safely choose any number there - and avoid Putin's mines entirely. In fact the resource grabbers and "nationalizers" tend to make Nevada companies more valuable. |
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MingToo
| 23 Jul '07 18:33 : 0 recs
As for gold - South Africa is the big world producer. The second largest world producer is the state of Nevada.
The US production is dominated by Nevada, but Australian output is still above that of Nevada even though it now holds second place to the USA overall.
One could also come out with a similar statistic about Western Australia's place in global output. Can't quite see the point really though, its nonsense to make some inference just because gold deposits are often centred in one small part of a country.
Ming |
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