It doesn't have to be there as long as the market believes it's there, that's literally all there is to it. That gold could have been plundered 50 years ago but things hummed along anyway. Perception is everything.

11/1/2012 12:59:16 PM

That's true. If this is handled improperly, the market could begin to believe that maybe it isn't there.

11/1/2012 1:05:51 PM

Quote :

"It doesn't have to be there as long as the market believes it's there, that's literally all there is to it. That gold could have been plundered 50 years ago but things hummed along anyway. Perception is everything."

On the other hand, a currency system built on perception only is like a house built out of paper. It may look real on the outside, but it will fail when it needs to be utilized.
As soon as small storm comes, the house will blow away.

We need a financial system built out of metal.

No more of this fake paper shit.

11/1/2012 1:10:16 PM

Quote :

"On the other hand, a currency system built on perception is like a house built out of paper. It may look real on the outside, but it will fail when it needs to be utilized. As soon as small storm comes, the house will blow away."

Every currency system is like that though, perception is by far the most powerful component of any currency. Any metal is no different, it will suffer the same pitfalls as paper if people decide they want to hold a lot of currency or little of it. No matter what currency you use, ultimately it will be a balance between other goods and the currency. They all have these problems, the only difference is that paper currency allows the currency to inversly grow or shrink as the market grows or shrinks the demand for it.

11/1/2012 1:21:04 PM

Quote :

"Every currency system is like that though, perception is by far the most powerful component "

Something is only as powerful as its weakness.

The weakness that will defeat this giant is the fact that paper money can be counterfeited by those that produce it. The people who have control of our money have never been audited in its 99 year history.
Looking at the history of inflation, it has apparent more now than ever that they have been printing money behind closed doors more than what the public knows about. This causes inflation and the erosion of the value of the dollar. Inflation doesn't have to exist in a sound currency system!

Nobody really knows the real value of a dollar anymore. I, myself, base a dollar on fast food establishment's dollar menu. This will not end well.

Using rare metals, a government can't counterfeit them and we can ensure our money retains its value over time. This is the only way retirement is possible.

The biggest weakness using rare metals is ensuring that nobody holds more than 50% of the market.
The rothchilds have the gold market cornered already, so we cannot use gold as the sole currency.
We'd have to have multiple competing forms of currency.






Judge Nepolitano explains it all...

11/1/2012 1:33:58 PM

Quote :

"It may look real on the outside, but it will fail when it needs to be utilized."

It doesn't ever "need to be utilized" especially in this case. The reason the gold is kept in NYC is because, at least prior to WWII and to a large extent today, a large proportion of countries kept their reserves there. The "utilization", that is transfer of gold from one country to another, doesn't actually require a single hand to be laid on the gold, only for the record of who-owns-what to be updated. The entire system could chug on for hundreds of years, even if not a single gram of gold was actually in the reserves, as long as the records are consistent and the total sum is constant.

The only time gold is ever actually utilized is when you use it for industrial applications like electronics, and this usefulness for gold is completely independent of its role as a currency.

Quote :

"We need a financial system built out of metal."

Why metal? Why not Rai stones? Why not paper?

Quote :

"No more of this fake paper shit."

Currency derives its value entirely from the perception of its value, and all it does it act as a common medium of exchange. It doesn't have to exist in any physical form, neither paper nor metal, for it to fulfill these requirements.

Quote :

"Nobody really knows the real value of a dollar anymore. I, myself, base a dollar on fast food establishment's dollar menu. This will not end well."

There is no "real value" to speak of for dollars, or gold, or anything. Value is only realized in the act of transaction, and then it's only the relative value to each individual involved. A well-fed person might buy a loaf of bread for $1, then walk a few miles and sell it to a starving, crippled man for $10. Has the "real value" of a loaf of bread changed over the course of those two transactions? No, you can still buy a loaf for $1 at the store even at the exact moment it's resold for $10. There is no such thing as "real value" existing independent of transaction, and in each transaction the value is realized as a function of the subjective use-valuation by the participants.

Quote :

"That's true. If this is handled improperly, the market could begin to believe that maybe it isn't there."

Also true, but in this case I highly doubt anyone really doubts the gold is there. This is mostly political posturing intended to make the posturers look tough and totally serious about monetary issues.


[Edited on November 1, 2012 at 3:02 PM. Reason : .]

11/1/2012 2:54:30 PM

Quote :

"There is no "real value" to speak of for dollars, or gold, or anything. "

If you reduce the amount of money in the market place, the value goes up.
If you increase the amount of money in the market place, the value goes down.

Now, I have to remind you that I have expressive aphasia and if I'm wrong on a preciseness in the definition of a word, just tell me what I mean to say. For instance, if "value" is wrong in this instance, recommend the adjective "monetary worth" to replace it. Those concepts are so close in meaning that I can't tell the difference and use them interchangeably to my own demise.

It's sort of like how "discrimination" and "racism" are mixed up all the time by politicians. They're used incorrectly so much that you can't tell the difference. At the same time, you know what they mean and that's really what matters.

Please, take what I mean to say and not the literal definition of what I say. Please and thank you.

11/1/2012 4:38:28 PM

How much money does it take to drive the price of gold up this much?
How does this shit not drive you crazy?
Seriously, what happened at 10:15am that I don't know about.

11/23/2012 6:55:37 PM

speculation

11/23/2012 7:55:55 PM

where are these people speculating and how do I get in on it?

11/23/2012 9:10:11 PM

Commodities market in Chicago. I know someone who does this and I am 100% sure they will not hire you.

11/23/2012 9:21:34 PM

Makes sense why they are fucking up the economy. They're friends of Dentaldamn.

11/23/2012 9:29:13 PM

I think my friend speculate oranges.

11/23/2012 9:38:52 PM

Stop being an assclown and leave the thread.

11/23/2012 9:41:17 PM

11/23/2012 10:18:37 PM

Quote :

"How does this shit not drive you crazy? "

Because we know how this stuff works? And the fact that you just HAPPENED to choose Black Friday where pretty much any domestic market has far lower volume than usual.

Look, no matter what knowledge I have about commodities investments, and I assure you it's much more than you have, you aren't going to change your mind one bit about it being some kind of wacky conspiracy so what is the point in trying?

11/24/2012 7:04:12 AM

The reason is that there is no reason which is coincidentally the same reason as why gold is so high in the first place. It is high because people buy it and literally nothing else because markets are not rational. This simple fact is enough to destroy the last 200 years of economic theory.

11/24/2012 4:48:20 PM

Quote :

"How much money does it take to drive the price of gold up this much? How does this shit not drive you crazy? Seriously, what happened at 10:15am that I don't know about."

You realize that's only 1% right?

11/24/2012 11:30:29 PM

Quote :

"You realize that's only 1% right?"

How much money does it take to move that?

11/24/2012 11:37:09 PM

Probably not that much. It could even possibly be one very large purchase.

11/24/2012 11:49:46 PM

Quote :

"Probably not that much. It could even possibly be one very large purchase."

" probably not that much" is a relative statement.

Not that much relative to your income?
Not that much relative to a cities' income?
Not that much relative to a state's income?
Not that much relative to a small country's income?

11/25/2012 12:08:49 AM

Less than whatever conspiracy related number you've got going on inside the crazy factory that is your mind.

11/25/2012 12:29:23 AM

So what you're saying is you have no clue what you're saying and just wanted to say something about something you have no idea about.... got it

11/25/2012 12:31:03 AM

Right... I'M the one who has no idea what they're talking about.

11/25/2012 12:34:49 AM

The main difference is that I'm asking questions.

Asking questions implies I am looking for knowledge.

The answers I'm receiving in the thread (after the graph and below) are merely insults and guesses.

The insults, by the way, are empty because they don't know the answers either. Anything to make themselves feel better about themselves, right?

11/25/2012 12:50:44 AM

I'm sure he's saying it's not a lot relative to cornering the market. If you're wondering what it is, it's probably a central bank purchase.

[Edited on November 25, 2012 at 1:14 AM. Reason : <b></b>]

11/25/2012 1:12:37 AM

Here, you lunatic.

http://indian-commodity.com/commodities/gold-jewellery/gold-futures-surges-on-weak-dollar.aspx

Quote :

"Gold futures surged suddenly above $1,750 an ounce, its 50-day moving average, for the first time in five weeks on Friday after trading slightly higher throughout early U.S. dealings, gaining 1.3 percent, as a drop in the dollar and options-related buying triggered a technical breakout."

It just means that someone probably made a large bet on gold moving higher which signaled to a bunch of other computer operated trading programs to also buy gold and that this manifested itself through a sudden jump in price from all of the buying.

But you go right on believing that the Rothschilds are behind it.

11/25/2012 1:49:28 AM

A large bet on a day with already low volume and with less human trading.

Also silver increased by a higher percentage at the exact same time on Friday.

11/26/2012 12:59:26 PM

Quote :

"A large bet on a day with already low volume and with less human trading. Also silver increased by a higher percentage at the exact same time on Friday."

It's pretty routine for them to mimic each other. They lag by a few minutes. The percentage is not a good indicator in this case because the prices per ounce are $1700 apart.

If they increased at the "exact" same time, it really does mean that 1 person or entity sent a BUY order for both commodities simultaneously.

11/26/2012 1:06:51 PM

strange shit going on

11/26/2012 5:47:38 PM

You do not understand how trading works. It's mostly run by computer algorithms.

11/26/2012 9:16:00 PM

You do not understand how trading works. You would have noticed they reverted the transactions.






Please leave this thread now. You're not helping.

11/26/2012 9:38:40 PM

I think you should leave this thread until you stop listening to Alex Jones.

11/26/2012 11:08:24 PM

good time to buy?

12/20/2013 11:28:25 AM

If you must buy a metal, buy silver.

12/20/2013 12:00:44 PM