Guess The Gold Bottom... I'm saying 850

[Dr. Zhivodka]

So is wheat or dairy cows or tapestry's.

Quote from thriftybob:

Gold is real wealth.

 

[PaulRon]

Quote from Dr. Zhivodka:

the Gold market is way too small to be of any consequence when fiat concurrencies fail.

Yes Fiat currencies always fail eventually but the "store of value" that one chooses to offset that can be anything from bushels of wheat, to livestock to raw land to trinkets and chotckies. Anything that doesn't depreciate faster than you can trade it for something else is a good store of value. Gold has no preeminent stature in this regard.

Oh come on!! Gold has been money for 6000 years.

..."preeminent stature"

 

[Dr. Zhivodka]

Guess what was money before that? Sheep.

And before that is was bones and trinkets.

Quote from PaulRon:

Oh come on!! Gold has been money for 6000 years.

..."preeminent stature"

 

[thriftybob]

Quote from Dr. Zhivodka:

Guess what was money before that? Sheep.

And before that is was bones and trinkets.

Why is it, do you suppose, that there is SO MUCH MORE paper money and digital money around now as compared to when money was all silver or gold?

I'd call it DILUTION.

 

[amanda33]

Quote from Dr. Zhivodka:

Guess what was money before that? Sheep.

And before that is was bones and trinkets.

I would welcome the return of tea, ingots, cattle and grains as currency, but would prefer credits so I can spend two weeks holidaying on Mars.

 

[Dr. Zhivodka]

Well no shiznat....it's called devaluation or inflation take your pick. Thus is life in the fiat world. Imagine how the "sheep bugs" felt when took over.

Quote from thriftybob:

Why is it, do you suppose, that there is SO MUCH MORE paper money and digital money around now as compared to when money was all silver or gold?

I'd call it DILUTION.

 

[thriftybob]

Quote from Dr. Zhivodka:

Well no shiznat....it's called devaluation or inflation take your pick. Thus is life in the fiat world. Imagine how the "sheep bugs" felt when took over.

"Paper is poverty,... it is only the ghost of money, and not money itself." -Thomas Jefferson, 1788.

 

[Dr. Zhivodka]

of course you jest...but I've had money in land and livestock and natural resource as well as competing world currencies and Gold mining shares.

Gold was not even close to the best performer.


BTW: when Virgin make Mars trip possible I may be on the first flight.

Quote from amanda33:

I would welcome the return of tea, ingots, cattle and grains as currency, but would prefer credits so I can spend two weeks holidaying on Mars.

 

[Dr. Zhivodka]

Man o’ man how I do long for the days of an agrarian society and sleeping with the slaves?

Those were the good ol days for sure.

Quote from thriftybob:

"Paper is poverty,... it is only the ghost of money, and not money itself." -Thomas Jefferson, 1788.

 

[thriftybob]

How's that short doing, Doc?

I added another $100,000 of gold last night. It felt good.