I am leaving this forum and a protest note
- Thread starter Onlygold
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You are the moderator. You don't need to say sorry. The forum has made known I'm not welcome and that's it. I'll only debate you a little more as long as I have a reason.
About $50,000 gold, you do not want a reason or hear. You ignore Peilthetraveller and chose your Econs professor as your gods. Simply siding a group of people and just ignoring the reasonings of others never make you wiser in your economics.
As long as you are tied to any likes and dislikes (even on gold), you won't be very much of a man. But you have many, many supporters and thats very important. Whether not believing gold will reach $50,000 be a cardinal sin does not matter.
BTW, being direct, I don't show you much respect despite many here worshiping your action. Why can't you just let me have a little more fun before leaving and leave the thread in premium space for 48 hours - So fast to chit chat
Quote from Onlygold:
You are the moderator. You don't need to say sorry. The forum has made known I'm not welcome and that's it. I'll only debate you a little more as long as I have a reason.
About $50,000 gold, you do not want a reason or hear. You ignore Peilthetraveller and chose your Econs professor as your gods. Simply siding a group of people and just ignoring the reasonings of others never make you wiser in your economics.
As long as you are tied to any likes and dislikes (even on gold), you won't be very much of a man. But you have many, many supporters and thats very important. Whether not believing gold will reach $50,000 be a cardinal sin does not matter.
BTW, being direct, I don't show you much respect despite many here worshiping your action. Why can't you just let me have a little more fun before leaving and leave the thread in premium space for 48 hours - So fast to chit chat
Get lost. Only vertebrates are allowed to post here...
You know what's more likely than $50,000 gold? The US government confiscating gold or the beginning of World War III. That's why your conclusion of $50K gold is laughable... it assumes a rise to $50K and the US government doing nothing about it.
$50K gold implies a world gone mad. There are a series of circumstances, equally catastrophic, that would occur before the $50K gold. And thus, $50K gold could not occur.
The US government would sooner sabotage its creditors' governments than pay them back in gold. Think it thru.
I thought the people here all know metaphors.
When Jim Rogers says "Dollar goes to zero", it is his style of speech and we have to let him some leeway. The drop will be cut short far above zero by very signifcant events (same as what you mentioned) - people ridicule Rogers for that.
I expected people not to take $50,000 literally. What you say is correct. The idea is $300/400 is a bottom and no sane people assumes $35/oz to return.
Gold's (being useless) only equilibrium price is always the two quantities - gold and fiat. I only argue against Ivanovich not wanting to listen to Peilthetraveller. No one swallows a literal number - just mean much higher than most think.
English is not my mother tongue. I could have been wrong in the manner I put it the original or wrong in some other ways - I don't know.
The $50,000 is from calculation - but rejected by Ivanovich outright. No one should take those calculations literally.
I never counter check Peilthetravellers comparison to a rise from $35 to $1200. What it means is the rise is there but will surely be curtailed before the $1200 ($50,000) equivalent.
I'm not saying WWIII is a guarantee - I'm just saying it's more likely than $50K gold. And both are extreme low probability events.
But the other extreme:
The fairy tale/Hollywood ending of a growing US economy paying down or servicing the interest on the debt, maintaining Medicare and Social Security entitlements, and the military budget is NONSENSE.
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