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General Discussion => The New Joe Montgomery Birther Pit => Topic started by: 06wildcat on April 15, 2013, 01:10:17 PM

Title: Gold
Post by: 06wildcat on April 15, 2013, 01:10:17 PM
Clearly we need to base our currency off this stuff.   :lol:
Title: Re: Gold
Post by: Rage Against the McKee on April 15, 2013, 01:12:14 PM
A lot of Fox News Viewers are probably going to lose their ass over this. Thanks, Obama.
Title: Re: Gold
Post by: 06wildcat on April 15, 2013, 01:13:45 PM
A lot of Fox News Viewers are probably going to lose their ass over this. Thanks, Obama.

Seeing quite a few references to the Fed being behind all this. THE FED  :shakesfist:
Title: Re: Gold
Post by: puniraptor on April 15, 2013, 01:19:18 PM
every smart is selling their gold and buying bitcoin
Title: Re: Gold
Post by: Rage Against the McKee on April 15, 2013, 01:23:43 PM
I might pick up some gold in a few years when the price bottoms out.
Title: Re: Gold
Post by: 06wildcat on April 15, 2013, 01:24:29 PM
every smart is selling their gold and buying bitcoin

Winklevoss twins  :love:
Title: Re: Gold
Post by: EllRobersonisInnocent on April 15, 2013, 01:37:50 PM
every smart is selling their gold and buying bitcoin

Winklevoss twins  :love:

More like WinkleBOSS twins, amirite!?!
Title: Re: Gold
Post by: CNS on April 15, 2013, 02:10:57 PM
"I don't know how much my money is worth, only how many pounds of money I have"
Title: Re: Gold
Post by: sys on April 15, 2013, 02:24:07 PM
Seeing quite a few references to the Fed being behind all this. THE FED  :shakesfist:

turn the presses back on, bernanke!
Title: Re: Gold
Post by: scottwildcat on April 15, 2013, 08:05:31 PM
I might pick up some gold in a few years when the price bottoms out.

This. Gold is going to be a great buy in 5 years.
Title: Re: Gold
Post by: Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) on April 15, 2013, 08:40:08 PM
I find gold people to be very annoying, but that doesn't change the fact that people who exchanged their cash for gold 5 years ago could exchange their gold back for 5 times as much cash today.

Per usual, 06Wildcat is a short sighted dimwit.
Title: Re: Gold
Post by: sys on April 15, 2013, 09:16:02 PM
I find gold people to be very annoying, but that doesn't change the fact that people who exchanged their cash for gold 5 years ago could exchange their gold back for 5 times as much cash today.

about 1.4 times as much cash, less expenses.
Title: Re: Gold
Post by: Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) on April 15, 2013, 09:40:51 PM
I find gold people to be very annoying, but that doesn't change the fact that people who exchanged their cash for gold 5 years ago could exchange their gold back for 5 times as much cash today.

about 1.4 times as much cash, less expenses.

Change the 5 to a 4 or 6 and its more than double.  Nonetheless, the point is the same
Title: Re: Gold
Post by: bones129 on April 15, 2013, 09:49:14 PM

I've always liked gold. When it gets right down to it, is there anything not to like about it?
Title: Re: Gold
Post by: bubbles4ksu on April 15, 2013, 09:58:01 PM

I've always liked gold. When it gets right down to it, is there anything not to like about it?

it's kinda heavy and soft, both are bad things.
Title: Re: Gold
Post by: bones129 on April 15, 2013, 10:05:36 PM

I've always liked gold. When it gets right down to it, is there anything not to like about it?

it's kinda heavy and soft, both are bad things.

Heavy and soft can be a bad combination, but when it comes to gold I'm OK with the combo. Too much good in gold.
Title: Re: Gold
Post by: Emo EMAW on April 15, 2013, 10:06:33 PM
If only all elements were light and hard.   :rolleyes:
Title: Re: Gold
Post by: sys on April 15, 2013, 10:20:30 PM

I've always liked gold. When it gets right down to it, is there anything not to like about it?

no, it's awesome.  when it becomes reasonably priced, i'm going to buy a fair bit (not as an investment).
Title: Re: Gold
Post by: Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) on April 15, 2013, 10:49:39 PM
A lot of Fox News Viewers are probably going to lose their ass over this. Thanks, Obama.

Seeing quite a few references to the Fed being behind all this. THE FED  :shakesfist:

The fed is who forced people into commodities just so they could get some modicom of return.  Just sayin
Title: Re: Gold
Post by: bubbles4ksu on April 15, 2013, 11:50:48 PM

I've always liked gold. When it gets right down to it, is there anything not to like about it?

no, it's awesome.  when it becomes reasonably priced, i'm going to buy a fair bit (not as an investment).

i'm interested to hear what you believe is a reasonable price.
Title: Re: Gold
Post by: jtksu on April 15, 2013, 11:56:14 PM

I've always liked gold. When it gets right down to it, is there anything not to like about it?

(https://goemaw.com/forum/proxy.php?request=http%3A%2F%2Fblog.muchmusic.com%2Fwp-content%2Fuploads%2F2010%2F03%2Fgoldmember-copy.jpg&hash=ad34b09534fc20b62fb5efd2dd8d5903adc1c77c)
Title: Re: Gold
Post by: Bloodfart on April 15, 2013, 11:58:52 PM
I don't know what I'd do if I saw a real gold brick IRL.   :drool:
Title: Re: Gold
Post by: bones129 on April 16, 2013, 12:29:21 AM
I don't know what I'd do if I saw a real gold brick IRL.   :drool:

I do. I would take it home.
Title: Re: Gold
Post by: sys on April 16, 2013, 12:45:43 AM
i'm interested to hear what you believe is a reasonable price.

you're right to call me out for my statement.  there's no really good way to value gold, since it's basically a useless, decorative material.

for me, as a (potential) purchaser of collectible gold, i'd be reluctantly willing to pay about $1000/ounce.

for something more objective - total cost of production is in the realm of $1100/ounce (but this is very plastic, since it will expand and contract with the actual cost of gold).  still, somewhere around there is likely a near term floor.

oth, when interest rates rise, gold should fall.  discount as you like.
Title: Re: Gold
Post by: jtksu on April 16, 2013, 12:49:09 AM
i'm interested to hear what you believe is a reasonable price.

you're right to call me out for my statement.  there's no really good way to value gold, since it's basically a useless, decorative material.

for me, as a (potential) purchaser of collectible gold, i'd be reluctantly willing to pay about $1000/ounce.

for something more objective - total cost of production is in the realm of $1100/ounce (but this is very plastic, since it will expand and contract with the actual cost of gold).  still, somewhere around there is likely a near term floor.

oth, when interest rates rise, gold should fall.  discount as you like.

Is gold only used in decorative settings? I feel like it has other, more practical uses.
Title: Re: Gold
Post by: sys on April 16, 2013, 01:13:33 AM
Is gold only used in decorative settings? I feel like it has other, more practical uses.

it has lots of uses, but cheaper substitutes are used.

i guess small quantities are used industrially, but that market is miniscule compared to as decoration and as an investment.
Title: Re: Gold
Post by: Emo EMAW on April 16, 2013, 09:02:15 AM
Gold can be used in electronics, but sys is right the amounts are so small.  I saw a process where these people were using teeny tiny gold wire to wire a MEMS sensor.  There was scrap gold wire and they just threw it away.  It was like a little ball of golden cotton candy.
Title: Re: Gold
Post by: 06wildcat on April 16, 2013, 11:03:15 AM
Quote
Guess who is driving down the price of gold? The FED! Did naked shorts of $24 billion in the last few days. The fed did it to keep the dollar up and the QE to keep working.

Family member on Facebook today.
Title: Re: Gold
Post by: 06wildcat on April 16, 2013, 11:12:10 AM
i'm interested to hear what you believe is a reasonable price.

you're right to call me out for my statement.  there's no really good way to value gold, since it's basically a useless, decorative material.

for me, as a (potential) purchaser of collectible gold, i'd be reluctantly willing to pay about $1000/ounce.

for something more objective - total cost of production is in the realm of $1100/ounce (but this is very plastic, since it will expand and contract with the actual cost of gold).  still, somewhere around there is likely a near term floor.

oth, when interest rates rise, gold should fall.  discount as you like.

This is true right now with a lot of marginal mines operating. That number will fall back to a more reasonable $650-$750/ounce if gold drops much further. The most efficient mines today are producing at about $630/ounce.
Title: Re: Gold
Post by: star seed 7 on April 16, 2013, 12:06:24 PM
Everyone forgets about goldschalger.
Title: Re: Gold
Post by: slobber on April 16, 2013, 12:12:25 PM
Everyone forgets about goldschalger.
Do you really drink the gold? :ohno: Doesn't peeing hurt afterwards? :horrorsurprise:
Title: Re: Gold
Post by: steve dave on April 16, 2013, 12:58:48 PM
Everyone forgets about goldschalger.
Do you really drink the gold? :ohno: Doesn't peeing hurt afterwards? :horrorsurprise:

I'm going to blow your mind here so sit down: stuff you drink goes to your stomach just like stuff you eat

 :surprised:
Title: Re: Gold
Post by: star seed 7 on April 16, 2013, 01:12:15 PM
Everyone forgets about goldschalger.
Do you really drink the gold? :ohno: Doesn't peeing hurt afterwards? :horrorsurprise:

I'm going to blow your mind here so sit down: stuff you drink goes to your stomach just like stuff you eat

 :surprised:

lol, science nerd outed.
Title: Re: Gold
Post by: slobber on April 16, 2013, 01:18:53 PM
Everyone forgets about goldschalger.
Do you really drink the gold? :ohno: Doesn't peeing hurt afterwards? :horrorsurprise:

I'm going to blow your mind here so sit down: stuff you drink goes to your stomach just like stuff you eat

 :surprised:

STEVE DAVE EATS GOLD!!!!!! :runaway: :runaway: :runaway: :runaway:
Title: Re: Gold
Post by: Panjandrum on April 16, 2013, 01:22:33 PM
Everyone forgets about goldschalger.
Do you really drink the gold? :ohno: Doesn't peeing hurt afterwards? :horrorsurprise:

I'm going to blow your mind here so sit down: stuff you drink goes to your stomach just like stuff you eat

 :surprised:

STEVE DAVE EATS GOLD!!!!!! :runaway: :runaway: :runaway: :runaway:

Of course he does.  What do you think he is?  A farmer?

(https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcR0WWYtlf-bqSMxDjpP-_EUiVbrWK4rC0m5Q1Z1PQLyFdccvLM0)
Title: Re: Gold
Post by: Emo EMAW on April 16, 2013, 01:52:38 PM
Everyone forgets about goldschalger.
Do you really drink the gold? :ohno: Doesn't peeing hurt afterwards? :horrorsurprise:

I'm going to blow your mind here so sit down: stuff you drink goes to your stomach just like stuff you eat

 :surprised:

 :lol:
Title: Re: Gold
Post by: star seed 7 on April 16, 2013, 01:55:15 PM
(https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcQGEA6eV8Af40FAwNoo76-HJu9Mxey02jCwxSfYV1AppbWetvmo)

sd eats like that guy you know.
Title: Re: Gold
Post by: 0.42 on April 16, 2013, 02:04:04 PM
Everyone forgets about goldschalger.
Do you really drink the gold? :ohno: Doesn't peeing hurt afterwards? :horrorsurprise:

I'm going to blow your mind here so sit down: stuff you drink goes to your stomach just like stuff you eat

 :surprised:

STEVE DAVE EATS GOLD!!!!!! :runaway: :runaway: :runaway: :runaway:

Of course he does.  What do you think he is?  A farmer?

(https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcR0WWYtlf-bqSMxDjpP-_EUiVbrWK4rC0m5Q1Z1PQLyFdccvLM0)

 :thumbs:
Title: Re: Gold
Post by: jtksu on April 16, 2013, 07:26:56 PM
Pretty sure Montezuma ate crap loads of gold. I guess the moral of this story is that SD thinks dudes on horses are Gods.
Title: Re: Gold
Post by: p1k3 on April 16, 2013, 09:36:38 PM
Definitely the Fed's doing.