Gold From Filter Feeders

On Tue, 11 Nov 2008 09:33:49 -0800 (PST), Bret Cahill
<BretCahill@aol.com> wrote:

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.

John
 
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.
Again, what are Bernanke's options when the whole country is wired?


Bret Cahill
 
On Tue, 11 Nov 2008 20:19:33 -0800 (PST), Bret Cahill
<BretCahill@aol.com> wrote:

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!

John
 
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!
Assumption-immume!

! ! !

! ! ! !

(Lots of exclamation points keep our newsgroups morons happy.)

Anyway before anyone can do any calculations requiring the price of
oil we'll need an answer the question:

What will be the "solution" to the financial "situation?"


Bret Cahill


This question's got me going,
Won't someone set me right?
Will Bernanke cut interest rates,
Today or tomorrow night?
 
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.
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
 
On Wed, 12 Nov 2008 22:52:07 -0800 (PST), Bret Cahill
<BretCahill@aol.com> wrote:

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? That's why you have so many "ideas."

John
 
"Bret Cahill" <BretCahill@aol.com> wrote in message
news: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.

David A. Smith
 
news: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.
Recessions reflect nothing more "interesting" than a breakdown in
communications. "Interesting" is in quotes because breakdowns in
communications are the most interesting phenomena of all.

What most don't understand is freedom of communication far more
fugitive, far more psychological than generally assumed.

Adam Smith should have treated the matter more thoroughly but his
"invisible hand" was nothing more mysterious than free speech.

Someone asks, "hey, cool, where did you buy that?"

Supposedly Apple Inc. is hiring now. Jobs is better at the
psychological component than most novelists.


Bret Cahill


"Psychology, the queen of sciences."

-- Nietzsche
 
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!

! ďż˝! ďż˝!

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
 
On Sat, 15 Nov 2008 08:12:47 -0800 (PST), Bret Cahill
<BretCahill@aol.com> wrote:

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
Borrow $270 trillion from the Iraquis?

John
 

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