Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Hmmm... that calculates to 2.7e14 dollars. $270 trillion. 5.4e12Gold will soon be worth $2K/oz.
...
What do you want gold for anyway? Other than
electronics and jewelry I cannot think of another
major demand where gold is "consumed".
A fast buck / future income.
David A. Smith
Gold's value is mostly symbolic, largely irrational. As an industrial
chemical, it would be worth a fraction of its current value.
So if you produce a lot more gold, you'll dilute its value in roughly
the proportion that you increase the amount in circulation. Same with
diamonds, which were once worth a few dollars a carat until the supply
was restricted.
You could make a heap of money transiently, if you had a modest-scale
way to extract and sell gold.
Such dreams of getting rich off gold is another indicator of its
irrational appeal. Other materials are more valuable and less
exploited.
Even geo exploitation of "useful" materials like coal is often a
dubious way to make money.
Where would you rather live? Netherlands where they don't even have
land? Or Iraq where if the oil wealth was distributed on a per head
basis, every man woman and child is or will soon be worth over $10
million?
Again, what are Bernanke's options when the whole country is wired?Gold will soon be worth $2K/oz.
...
What do you want gold for anyway? Other than
electronics and jewelry I cannot think of another
major demand where gold is "consumed".
A fast buck / future income.
David A. Smith
Gold's value is mostly symbolic, largely irrational. As an industrial
chemical, it would be worth a fraction of its current value.
So if you produce a lot more gold, you'll dilute its value in roughly
the proportion that you increase the amount in circulation. Same with
diamonds, which were once worth a few dollars a carat until the supply
was restricted.
You could make a heap of money transiently, if you had a modest-scale
way to extract and sell gold.
Such dreams of getting rich off gold is another indicator of its
irrational appeal. Other materials are more valuable and less
exploited.
Even geo exploitation of "useful" materials like coal is often a
dubious way to make money.
Where would you rather live? �Netherlands where they don't even have
land? ďż˝ Or Iraq where if the oil wealth was distributed on a per head
basis, every man woman and child is or will soon be worth over $10
million?
Hmmm... that calculates to 2.7e14 dollars. $270 trillion. 5.4e12
barrels at $50 per.
I sorta doubt that.
Math-immune!Gold will soon be worth $2K/oz.
...
What do you want gold for anyway? Other than
electronics and jewelry I cannot think of another
major demand where gold is "consumed".
A fast buck / future income.
David A. Smith
Gold's value is mostly symbolic, largely irrational. As an industrial
chemical, it would be worth a fraction of its current value.
So if you produce a lot more gold, you'll dilute its value in roughly
the proportion that you increase the amount in circulation. Same with
diamonds, which were once worth a few dollars a carat until the supply
was restricted.
You could make a heap of money transiently, if you had a modest-scale
way to extract and sell gold.
Such dreams of getting rich off gold is another indicator of its
irrational appeal. Other materials are more valuable and less
exploited.
Even geo exploitation of "useful" materials like coal is often a
dubious way to make money.
Where would you rather live? ?Netherlands where they don't even have
land? ? Or Iraq where if the oil wealth was distributed on a per head
basis, every man woman and child is or will soon be worth over $10
million?
Hmmm... that calculates to 2.7e14 dollars. $270 trillion. 5.4e12
barrels at $50 per.
I sorta doubt that.
Again, what are Bernanke's options when the whole country is wired?
Bret Cahill
Assumption-immume!Gold will soon be worth $2K/oz.
...
What do you want gold for anyway? Other than
electronics and jewelry I cannot think of another
major demand where gold is "consumed".
A fast buck / future income.
David A. Smith
Gold's value is mostly symbolic, largely irrational. As an industrial
chemical, it would be worth a fraction of its current value.
So if you produce a lot more gold, you'll dilute its value in roughly
the proportion that you increase the amount in circulation. Same with
diamonds, which were once worth a few dollars a carat until the supply
was restricted.
You could make a heap of money transiently, if you had a modest-scale
way to extract and sell gold.
Such dreams of getting rich off gold is another indicator of its
irrational appeal. Other materials are more valuable and less
exploited.
Even geo exploitation of "useful" materials like coal is often a
dubious way to make money.
Where would you rather live? ?Netherlands where they don't even have
land? ? Or Iraq where if the oil wealth was distributed on a per head
basis, every man woman and child is or will soon be worth over $10
million?
Hmmm... that calculates to 2.7e14 dollars. $270 trillion. 5.4e12
barrels at $50 per.
I sorta doubt that.
Again, what are Bernanke's options when the whole country is wired?
Bret Cahill
Math-immune!
If you think oil will remain at $50/bbl for more than a couple ofWhere would you rather live? �Netherlands where they don't even have
land? ďż˝ Or Iraq where if the oil wealth was distributed on a per head
basis, every man woman and child is or will soon be worth over $10
million?
Hmmm... that calculates to 2.7e14 dollars. $270 trillion. 5.4e12
barrels at $50 per.
Geez, you don't do math, do you? That's why you have so many "ideas."Where would you rather live? ?Netherlands where they don't even have
land? ? Or Iraq where if the oil wealth was distributed on a per head
basis, every man woman and child is or will soon be worth over $10
million?
Hmmm... that calculates to 2.7e14 dollars. $270 trillion. 5.4e12
barrels at $50 per.
If you think oil will remain at $50/bbl for more than a couple of
years you ought to buy up some of these SUVs now being dumped on the
market.
A smart young man like you could make a killing!
! ! !
Bret Cahill
The revelation that the only thing behind any boom is the faithWhat will be the "solution" to the financial "situation?"
Recessions reflect nothing more "interesting" than a breakdown innews:3a5b3f55-ae12-44b8-925c-5d825811a66b@o4g2000pra.googlegroups.com...
...
What will be the "solution" to the financial "situation?"
The revelation that the only thing behind any boom is the faith
of the people, and the only real value in any currency
(gold-based or not) is the faith of the people. �The empty space
in the art that is the economy, are the people that walked away.
As any EE will tell you, there's more to applied math than mereWhere would you rather live? ?Netherlands where they don't even have
land? ? Or Iraq where if the oil wealth was distributed on a per head
basis, every man woman and child is or will soon be worth over $10
million?
Hmmm... that calculates to 2.7e14 dollars. $270 trillion. 5.4e12
barrels at $50 per.
If you think oil will remain at $50/bbl for more than a couple of
years you ought to buy up some of these SUVs now being dumped on the
market.
A smart young man like you could make a killing!
! ďż˝! ďż˝!
Bret Cahill
Geez, you don't do math, do you?
Borrow $270 trillion from the Iraquis?Where would you rather live? ?Netherlands where they don't even have
land? ? Or Iraq where if the oil wealth was distributed on a per head
basis, every man woman and child is or will soon be worth over $10
million?
Hmmm... that calculates to 2.7e14 dollars. $270 trillion. 5.4e12
barrels at $50 per.
If you think oil will remain at $50/bbl for more than a couple of
years you ought to buy up some of these SUVs now being dumped on the
market.
A smart young man like you could make a killing!
! ?! ?!
Bret Cahill
Geez, you don't do math, do you?
As any EE will tell you, there's more to applied math than mere
calculations.
You obviously don't understand the basics of engineering if you don't
think assumptions are all important.
The assumtion that Bernanke can allow unemployment to float with all
the cheap communications technology out there just isn't credible.
Buffet came to the same conclusion using an apparently different
analysis: The way countries get out of debt is to inflate their
currencies.
So once again, what are the Fed's options?
Bret Cahill