d2thdr
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Everything posted by d2thdr
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Soros missed out betting big on the housing bubble which culminated (kind of) in 2008. He is not big enough to control global economy. Even a huge war machine like USA cannot control global economy, soros is but a small fish.
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UK House prices: News & Views
d2thdr replied to G0ldfinger's topic in NEWS Commentary, 2021 & Beyond
Do you really believe the figures reported? UK is a bit higher than what you have stated. -
Totally. Your post and Dooferdog's post sum up my experiences too. Everyone will one day walk on this gold trail. Some sooner. Some later. But walk, they will.
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40oz.
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Yes gold is a bubble. Please sell your precious. to me
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The Last Contango In Washington Are we there yet?
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Are you sure? Here is what Richard Maybury has to say;
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Gold will be revalued by the market irrespective of whether the US govt likes it or not. And even if they revalue it, will they sell it to reduce the deficit? Unlikely. There is a physical shortage coming and limited physical gold will be bid by infinite fiat. It will be then when the gold revalues and reached freegold zone. You would be wasting your time putting arbitrary values on it. 55000$/oz might be a bit on the low side. We all are staring down a barrel of a gun. Its almost time up folks.
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Silver bricks worth over Rs 90 cr found in Puri mutt link Five hundred and twenty-two pieces of silver bricks, weighing about 18.17 tonnes and estimated to be worth over Rs. 90 crore at the current market rates, were found at a 300-year-old mutt in Puri on Saturday. The silver bricks were found in a windowless and doorless room of the Emar Mutt, in front of the 12th century Sri Jagannath Temple here. The mutt is governed by the Orissa Religious Hindu Endowment Act and is under the Jagannath temple administration. Puri SP Sanjay Kumar said the bricks, reported to be 99.92 per cent pure silver, were recovered after a person was arrested in Dhenkanal while selling a few such bricks. “The person said he found the bricks in a room of the mutt while doing some repair work there a few months ago,” said Kumar. “We found several such bricks in that room. While some bore the mark of the Bank of Shanghai, others had the Bank of Canada mark.”
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I was listening to the radio yesterday evening. They were talking about Worcester Ceramics and its resurgence due to the impending royal wedding. The most expensive piece was 400£. You got to move atleast 10 tons of earth to mine 9999 fine gold 1 oz. And it costs only 900 £. Its cheap still.
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Galactic Gold: A Valentine Story link Ever wonder where the gold in your wedding ring came from? This Valentine's Day, we ask Neil deGrasse Tyson, director of New York City's Hayden Planetarium, to explain the history of the rare element. In the Beginning According to Tyson, author of Death by Black Hole and Other Cosmic Quandries, all gold on Earth started out in the center of a star; he says stars are "in the business of cosmic alchemy." When the universe began, there were only two kinds of atoms: hydrogen, which has one proton, and helium, which has two protons. The problem was that hydrogen and helium couldn't combine to make a new kind of atom of three, four or five protons. The two atoms resisted each other because they were the same charge. Unless, of course, it got very, very hot. How much heat would it take to get two protons to sit together? About 10 million degrees, Tyson says. And that's where stars come in. Fiery Fusion Stars like our sun are so hot that protons collide with such force and have no choice but to combine. It's called fusion. Inside the sun's furnace, protons turn into heavier and heavier atoms: Hydrogen atoms combine to become helium, and then those helium atoms combine to become carbon. "It keeps going," Tyson says. "Carbon and oxygen and nitrogen and silicon, and [fusion] just plows its way up the periodic table of elements." Carbon has six protons, nitrogen seven protons, oxygen eight protons. A hot star can cook all the way up to iron, a 26-proton atom. But that's where it stops. "When you reach iron, nobody can do anything… It's dead matter. You can't fusion it. You can't fission i"," Tyson explains. Once a star has converted all its atoms into iron, it's out of fuel. "That's a bad day for the star," Tyson says. "And at that moment, the entire star collapses, and in that collapse, the star reaches stratospheric temperatures and blows its guts to smithereens." The Collapsing Star A collapsing star is called a supernova. The explosion is so powerful and cataclysmic that you can see it across the universe. Supernovae outshine whole galaxies, because the atoms inside are colliding furiously, creating intense heat — hundreds of millions of degrees. Only in a supernova is it possible to create atoms with 30 protons, 40 protons, 50 protons or even 60 protons. Nature prefers even numbers for stability, but every so often, the star will forge an odd-numbered atom, a real rarity: gold! Gold is a rare, odd-numbered atom with 79 protons. For every single gold atom in the universe, there are 1 million iron atoms, Tyson says. A Long Journey After the explosion, those few gold atoms are cast deep into the universe where they sit in empty space for eons. Eventually, some of the atoms may join a cloud. That cloud may condense into a planet. Once inside a planet, some of the atoms may make it near the surface where we can come and dig them up. So every atom of gold in your wedding ring was forged in a collapsing star, and then traveled across the universe to get to your finger. All the gold we wear and all the gold we give has made this same journey. So how many miles and how many years are represented in a ring? Calculating the path from several supernovae around our galaxy back to our solar system, Tyson concludes, all told, it's a journey of 3 million light years. Now where did my fiat come from?
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Keynesian economics and all the above explanation are made for each other. I used to believe all these explanations..yada yada. Finally when I saw the light, it was all clear. Read 'A world in Debt' by Freeman Tilden - Published in the height of the great depression. You would be surprised how similar the situation was then, like today. However, today I much worse. All the pool of money or whatever you call 'assets' are not what they claim they are. Nuff' said.
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There is no pot of money. It is a true lie. Please call pensions for what they are - Ponzi scemes.
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And US will also loose its credibility. I feel they prefer to take everyone down along with them.
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I tend to agree with you. I have a feeling, at least 50% of BV customers will walk away with nothing. There is no easy way to own the stuff, than actual physical possesion
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RPG. Here it comes. It is going to hit us, irrespective of whether we like it or not.
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http://goldshark.com/ Go compare...go compare.
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yebut isnt that paper? who has the physical to back it?
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Good points fitkid.
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Hi Pixel, Hyperinflation has already started. And we are at the moment of the mainstream mania phase. Bear with me. Credibility Inflation We don't need the helicopter drop to spark hyperinflation. Zimbabwe didn't have billion dollar notes when hyperinflation started. They only had Z$100 notes just like the US. The million and billion dollar notes followed the onset of confidence collapse as the government printed to survive. There wont be any mania phase per se in physical gold. The mania phase we encouter will be called freegold or Reference Point Gold as it is nowdays called. The credit (or debt) money is deflating and the fed is making this good by printing thus contributing to the base money. Base money is the cause of hyperinflation. Not credit (debt) money. And there is more base money now. Presently the debt money to GDP ratio is 355%. When that is monetised, we will see the notes of larger denomination.
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"Most of mainstream macroeconomics is dead. It's a zombie. They don't know they're dead yet, but they're dead." ~ L. Randall Wray, Bloomberg Businessweek, 17 January 2011. Sums up all the chatter on the internet by so called experts.
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IMO, Ther wont be a mania stage in physical gold. Common man wont be able to afford the real stuff when the currencies have hyperinflated. Strong hands and all that.
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Difference is just the name. Otherwise it is just paper. No redemption likely unless you are a zillionaire or you are a sovereign.
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I agree. +1.