Author Topic: Gold  (Read 4586 times)

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Offline 06wildcat

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Gold
« on: April 15, 2013, 01:10:17 PM »
Clearly we need to base our currency off this stuff.   :lol:


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Offline Rage Against the McKee

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Re: Gold
« Reply #1 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.

Offline 06wildcat

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Re: Gold
« Reply #2 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:

Offline puniraptor

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Re: Gold
« Reply #3 on: April 15, 2013, 01:19:18 PM »
every smart is selling their gold and buying bitcoin

Offline Rage Against the McKee

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Re: Gold
« Reply #4 on: April 15, 2013, 01:23:43 PM »
I might pick up some gold in a few years when the price bottoms out.

Offline 06wildcat

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Re: Gold
« Reply #5 on: April 15, 2013, 01:24:29 PM »
every smart is selling their gold and buying bitcoin

Winklevoss twins  :love:

Offline EllRobersonisInnocent

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Re: Gold
« Reply #6 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!?!

Online CNS

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Re: Gold
« Reply #7 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"

Offline sys

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Re: Gold
« Reply #8 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!
"experienced commanders will simply be smeared and will actually go to the meat."

Offline scottwildcat

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Re: Gold
« Reply #9 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.

Offline Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)

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Re: Gold
« Reply #10 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.
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Offline sys

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Re: Gold
« Reply #11 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.
"experienced commanders will simply be smeared and will actually go to the meat."

Offline Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)

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Re: Gold
« Reply #12 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
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Offline bones129

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Re: Gold
« Reply #13 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?

Offline bubbles4ksu

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Re: Gold
« Reply #14 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.

Offline bones129

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Re: Gold
« Reply #15 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.

Offline Emo EMAW

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Re: Gold
« Reply #16 on: April 15, 2013, 10:06:33 PM »
If only all elements were light and hard.   :rolleyes:

Offline sys

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Re: Gold
« Reply #17 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).
"experienced commanders will simply be smeared and will actually go to the meat."

Offline Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)

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Re: Gold
« Reply #18 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
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Offline bubbles4ksu

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Re: Gold
« Reply #19 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.

Offline jtksu

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Re: Gold
« Reply #20 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?


Offline Bloodfart

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Re: Gold
« Reply #21 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:

Offline bones129

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Re: Gold
« Reply #22 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.

Offline sys

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Re: Gold
« Reply #23 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.
"experienced commanders will simply be smeared and will actually go to the meat."

Offline jtksu

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Re: Gold
« Reply #24 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.