aliveandkicking

I just had a child and it does seem to create an instinct to be concerned for their future maybe? But I dont see how you can escape the simple fact that there are too many children on earth for the available resources. Fiat also i think enabled consumption and child birth and excesses in all things. Meanwhile i am assuming my child will be able to have a happy life, because it appears true that all we need worry about is that there is an excess of savings and a reluctance to spend now because of fears of what might be. Focusing on debt alone is myopic because further away are piles of excess savings in abundance

I still cant work out if people who think we are going back to gold standards are genuine or if they work for the gold miners and and other industry folk who benefit from raising the profile of gold Why would any group of people capable of controlling the world revert back to a gold standard??? If people want sound money and they control the world they can just raise interest rates.

A large number of posters here are intererested in economics and these kinds of issues The gold standard involved paper claims and trust they would be honoured Fiat involves paper claims and trust that the value of the claim will be available for us when we come to spend the claim In the gold standard a person could hold physical gold In the fiat system a person can hold physical gold In the gold standard if people hoarded gold it created problems for the management of the money supply which could be resolved by reclaiming gold held by people in return for paper promises. In the fiat system if people hoard notes it creates a management problem that can be resolved by devaluing over time the value of the claims that are held Both systems used promises and agreements Both involved a large amount of paper promises

How about you stop this nonesense and begin believing: 1. people who are not paper bugs are concerned about their none cash and physical asset investments doing badly in deflation 2. Plenty of people here are invested with paper claims to gold via the various online retailers, 3. Most people here dont go around endlessly ramping their investments as if failure was an impossible to admit option 4. People like to discuss things one way or another from various points of view without the kind of junk that you dish out about them having vested interests that they dont have. You and fit kid and co keep spewing out the same toxic garbage at other posters and then you disguise this by saying you have a sense of humour.

I think if you could avoid describing other members as shills and saying the management are crazy while imagining you are being persecuted and implying that there is a group of you watching for this sort of thing (way too creepy) you might find your life is easier on the board

Can somebody explain what it means to be locked in? From other comments i am getting the impression these companies are making it unprofitable to transfer back to cash?

So you are the kind of person who is guided by theories while you talk about the end of rationalism??

RH you are just guessing using all of your logically constucted ideas. Gold if overvalued unless you construct some ideas that say it is special Houses are special. They are one of the most important things in our lives. Income is special There are a number of things we can reason are special.

This seems to be a common logical trap. Ie C is derived from knowledge of A and B. Whereas C could be a totally new way of doing things that has little to do with A or B Design can be better if all previous ideas are released when exploring the best solution but this is not the habit of the logical mind. The logical mind attaches great importance to what it already knows and understands. Knowledge is then associated with intelligence and wisdom and superiority. The creative mind simply leaps into the unknown with ignorance and chances upon a new and unconsidered new idea. The wisdom here is that ignorance can be valueable because the mind is open Similarly evolution is not A to B to C in a linear fashion always. Instead by chance one creature is simply superior

I thought Finland was metric. But my house is full of UK inch thread sizes on the heating pipes. When i go to any merchant i can buy either Inch UK or metric parts. As often as not it is inch sizes on the taps and so forth. Of course the advantage of imposing metric is consumers have to progressively replace pipes for which it becomes uneconomical to get parts. But it seems the war is not yet over! On the other hand if you want to get a three quarter inch tap washer in finland most plumbers look at you as if you are from mars and start passing the parts around while people stare in amazement at something so primitive and say you must fit a new tap like they do. Fortunately the local Bauhaus has a good selection of inch washers

The lower trend on that graph does not look very convincing at being able to hold 1000. Edit: But i can see the lehmans saga might account for the fall below this trend earlier

Gold can be bought at a cheaper price during a period of deflation because ordinary money becomes more desirable and often pays some interest also Gold is often not personally held and there is some cost of storing it somewhere else Gold tends to do well when inflation concerns are more urgently getting peoples attention than depressionary deflationary concerns are. In the last few months the possibility of a new boom in commodity prices appeared fairly likely but now we have China cooling things down there and not much activity elsewhere to make it appear we are going to be entering into inflation economic conditions in the near future. It appears the resurgence in economic conditions in the west will fade once this current blip is over as firms replace run down stocks to near earlier levels following the scares of last year This thread was asking the question will gold go up or down? Gold will likely go down in a deflationary period. For gold to rise in price more money has to be flowing into gold or buying Gold than money leaves gold or sells Gold In deflation or depression people have to sell investments to pay bills. Gold is still relatively highly valued and makes a good sale if you need the money. The price of gold is related to economic conditions and expectations of future economic conditions Almost nobody is now predicting a return to boom times. Almost everyone is seeing bad times ahead. Even oil is falling in price as people realise there just will not be the demand and there is too much oil.

The deflationists seem to have got back into the driving seat at the moment.

Goldfinger went to the bookie and placed a bet that the bookie would collapse. He wanted 100% guaranteed odds but he got what was given. Meanwhile it appears 100% guaranteed certain that the price of gold will eventually keep on rising ever higher. As will everything else.

Money makes the world go around. I think the difference today is that the market is viewable in more or less real time whereas before it was only viewed by a few in major trading centres and even they could not see the other trading centres in real time. So if you see an out of control casino it does not mean anything will majorly change. What is now changing though is that banks are generally more cautious about lending.

DrBubb There seems to be a pretty determined movement on this board to ridicule anyway who does not support the chosen future. I suppose if the board owner stands up he has a better chance than most. But you can see how determined the supporters can be to keep reminding you of how bad you are to require standards to be maintained here.

in a free market people dont want to be walking around with kilos of metal as money. So instead they generally prefer claims. How can you possibly believe that people would prefer to barter with metal?? Or am i misunderstanding you?

Given the signs of withdrawal of monetary stimulus in some locations and rising rates, gold was a bit over extended but so far the pull back in Gold is pretty minor. On the other hand Gold responds to inflation fear nicely but say Dubai debt default which is deflationary sends it down pretty quickly also. Yesterday Gold went from 1135.?? to 1130.?? in a fraction of a second. i have never seen it go up or down like that before. I dont think it was Greece either. Meanwhile whatever the cause there remains an awful lot of weakness in inflationary pressures in real economies with more or less zero chance that is going to change for months if not years to come.

How about you change your name to ingoldwetrust and stop arguing with this person you have created and leave me out of it please Would that be possible?

So it now official that unless you are ramping gold that you are not allowed to post here? I wonder how many posters have been driven away by that kind of mind numbing stupidity

This is still not so clear For example in the UK we are told base money in 50's has increased by a total of 200 million pounds. But we are also told that base money as electronic reserves has increased by 200 billion pounds. We are told that people are hoarding 50's and fewer of them are moving around or something like this And we also know i think that the 200 billion is not moving around much either.

I am sure this is some kind of strawman argument? Or is it adhomiem? Either way you attack me and keep attacking me with this kind of comment while providing zero evidence to support your attack. When and if you meet me. You will realise i am just a person who does not agree with you. You may think i am wrong I think you are wrong sometimes Sometimes i think you work for psy ops to ensure nothing about banking ever sees the light of day in any way that can be understood by any ordinary person. It could be we just happen to share an interest in banking for one reason or another as we both seem to have spent some time attempting to learn more about it. Seems to me that you like your opinion to be facts and mine to be wrong. And this silly way of argument permeates most of our conversation.

You have a recent habit of popping up and restoring clarity Now about that state of terror you are experiencing that requires you to bend over when there is no state? So there is no state and you bend anyway? As i said before why do you bend so easily and enthusiasticly if nothing exists to require you to bend? The rest of us bend because of reality. Will you join us now or resist us?

RH As a moderator with an interest in deflation it would be helpful i think if you could ask people to consider that the money supply is not some abstract set of numbers but is rather our money supply. When a bank has a huge pile of borrowed money from a government that is not spent that sits in an account as a number i dont think we can say this is truelly part of our money supply. There seems therefore a clear difference. there is our spending money and there is the governments money that they want us to spend that belongs to them or is controlled by them. Endlessly this board wants to say the governments money is inflation as if this difference is absolutely irrelevant. We need moderators or somebody to deal with this. Infortunately as i said earlier moderator Goldfinger has declared it is irrational to say that deflation is possible An almost impossible position on a board if people do want to discuss rather than ramp their chosen positions And apparently an active group on this board seems to think that leadership on the board is something to be mocked and attacked Is there a way forwards??

Dont be so child like What did you mean by infinite? It is a fair and reasonable question Are you beyond being questioned?