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plan9

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Posts posted by plan9

  1. Is this coin for real

    It's also 99.999% pure! From Wikipedia:

     

    On May 3, 2007, the Royal Canadian Mint unveiled a Gold Maple Leaf coin with a face value of One Million Dollars,[1] though the gold content was worth over $2 million at the time. It measures 50 cm in diameter by 3 cm thick and weighs 100 kilograms, with a purity of 99.999%. The artist is Stanley Witten. The coin is mainly a promotional product to give the mint a higher international profile.[1] The 100-kilogram coin was conceived as a one-off showpiece to promote the mint's new line of 99.999 per cent pure one ounce Gold Maple Leaf bullion coins[1] but after several interested buyers came forward the mint announced it would manufacture them as ordered and sell them for between $2.5 million and $3 million. As of May 3 2007 there were five confirmed orders.

  2. An interesting thread for gauging sentiment towards gold among the internet intelligentsia. :)

    Stupid boy, it's deflation, cash is king. Trust me, I'm a bank manager!

     

    post-2171-1232850924_thumb.jpg

     

    (Oh, and I'm not intelligentsia. I'm an ex-warehouse worker... So maybe I should shut-up! :lol: )

  3. Just got this picture in my head of Time Team (archaeology TV show for the non-UK readers) in 2000 years time... 'So Tony, what we've got here is a so-called Krugerrand from the Late Fiat Age. Back then, they had this strange idea that bits of paper could be used as money'

    It won't be like that at all. Post crash, we'll be back to mud huts and mysticism in no time. So a Kruger find would be more like the local soothsayer saying:

     

    BeHOLD!

     

    The era of the Gordogon!

     

    It is said, that to stare into it's cyclopic eye! Would turn your FIAT saving account to STONE!

     

    :o :o :o

  4. Here's the page it is being advertised on over at the new hyperinflation aware Hpc :D:P:lol:

    http://www.housepricecrash.co.uk/forum/ind...showtopic=98640

    First off all, there is no magic wand that made it so people cannot go hungry or homeless.

     

    Second, july this year inflation will be madnotes, and will increase over the next 12-18 months to ludicrous levels.

     

    It's a hyperinflationary depression. That means no work and sky high prices.

     

     

    It's a shame Injin isn't postin here :)

  5. Economic growth has become the rationale for social organisation. Perish the thought that we will have a recession!

     

    I suspect it has something to do with the creation of debt money and keeping the general populace well disciplined, productive and devoid of leisure for thinking.

    (My understanding of it)

     

    If money is created from debt, and lent at interest, then where does the interest come from?

     

    If all the debt money is represented by 1.0, and lent out at 2% interest, then 1.02 money is required to service that debt. So (by my understanding of it) economic growth must be at least 2% (the 0.02) otherwise some people will default (1.0 money in existance, 1.02 needed to replay).

     

    Keep spinning that wheel hamster boy! :lol:

  6. 850 to 900 within 3 months is hardly sticking one's neck out. They're not even near new highs. I shouldn't let this worry you.

    Thanks wren. I won't be selling up the yellow stuff just yet! :)

     

    In fact I bought some more silver two weeks ago after the drop, but haven't received it yet.

  7. Is that garage your home ? :lol:

    I wish! TEN GRAND! :lol:

     

    Incidentally, my mum (or us mam, as we say around here) sold a garage a little worse than that for SEVEN grand a few years ago... Naturally she blew that cool 7 big ones on shit... The value of "Money" seems to have lost all meaning to most (if you ask me).

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