Gold tops $1,400/ounce per my prediction.

[sandorski]

Real Estate was worth something 3 years ago. Things in a Bubble are always "worth" something during the bubble. The problem is that they are not worth what the Bubble says they're "worth".

 

[LegendKiller]

i don't know what you were trying to explain, but gold is worth something NOW.

What's it really worth. Gold is a fiat currency as almost all of its value is derived from intangible things and perceived value. That perception isn't worth anything.

Considering that 78% or so of gold is used for perception, that means gold is really only worth ~300. That doesn't even take into account price elasticity, so gold is maybe only "worth" $100/oz.

So really, what is it worth?

The only "worth" gold has is perception. perception of you nutballs thinking that the world is going to end and that your 7.5bps of value is going to hold up. It's worth the Glenn Beck advertisements and the Cash4Gold. It's worth Jim McMahon's fake hip (well, he's dead now, so was worth that) and Mr. T's gold chains. It's worth apocalyptic visions and fucked up notions of inflation hedging.

In fact, gold is practically worthless for any of those.

 

[Zebo]

Ever see a 100 trillion dollar bill?

 

[alkemyst]

Worth what? It's worth X amount of dollars. But..but those dollars are worthless to you gold bugs. So what is that gold really worth?

Oil is worth something because you can use it for gas, plastics, all sorts of useful things.
Copper too. Plumbing, electronics and alloys like brass for bullets

Ugh, I'm tired of arguing with you guys. Just buy all the gold you want. I don't really care anymore.

where am I a gold bug since I believe gold has value?

I believe our dollar has value too, but it's going down quick.

The problem with other commodities which you don't seem to fucking understand is: one can buy gold and store it themselves. A lot can fit in a small place, oil and others you never get the item in hand and if you did storage would be a nightmare.

I trade between the US and Japan. From just almost exactly a year ago the Yen fell from 95 to as low as 80. It's almost back to a whopping 83.

A few years ago it was worth double.

The dollar in the world economies is becoming the red-headed stepchild. Even Canada now is about buck for buck with the US.

There is writing on the wall for all this. It's not smoke and mirrors.

 

[LegendKiller]

Ever see a 100 trillion dollar bill?

Wow, great duhversion/strawman/canard that is utterly worthless.

Ever seen a Rai stone?

 

[bamacre]

http://www.youtube.com/watch?v=zTFTR1Kaj-g

At the very end, Frank Berlage calls for 50-100% inflation, saying that we need to get a $4k/month salary up to $6k-8k.

His company website...
http://www.multilateralllc.com/

He's on TV selling inflation, then he's back in his business office selling protection from it.

 

[LegendKiller]

http://www.youtube.com/watch?v=zTFTR1Kaj-g

At the very end, Frank Berlage calls for 50-100% inflation, saying that we need to get a $4k/month salary up to $6k-8k.

His company website...
http://www.multilateralllc.com/

He's on TV selling inflation, then he's back in his business office selling protection from it.

I like how he hocks the S&P500 since 1926...when the S&P500 didn't exist in 1926.

Oops.

 

[nobodyknows]

Give me an alternative investors can use to curb against inflation given that every currency in the world is being wrecked.

Gold is a currency of fear because for the first time in a long time, there is a real reason to be fearful.

Personally I like land. They quit making it some time ago.

 

[nick1985]

I believe we are on a path towards a complete financial meltdown. Instead of buying gold, I am investing in an AR15, more buckshot/slugs for my auto shotgun, and various other "necessities"

 

[JS80]

I'm not talking when the lights go out in some nuclear WWIII scenario. I'm talking collapse of the US Dollar or even collapse of the economy (depression). Guns I think are a good investment to protect what you have but you cannot "store wealth" in guns.

But if you're worth a million, you cannot store 10 percent of your net worth in guns. What are you going to have, a 1,000 guns?

Grow some sense.

How people forget so quickly. Do you not remember March 2009? That was as close to an economic collapse you get a hard on for as we can get. And during that time, all asset classes, including gold, plummeted and the US Dollar spiked up.

 

[fskimospy]

Gold threads are always fun because they act like a crazy person detector.

 

[bamacre]

How people forget so quickly. Do you not remember March 2009? That was as close to an economic collapse you get a hard on for as we can get. And during that time, all asset classes, including gold, plummeted and the US Dollar spiked up.

Yes. But what is a more accurate statement would be that people ran for what they perceived as safety. And for many years, the dollar has been this security blanket instead of something like gold. But we have to understand that this might not always be the case, we have to understand that it isn't the dollar people have run to in times of economic stress, it's the security the dollar has offered them. If and when the dollar ceases to offer this safety, it will be something else that people run to for protection. What that may be, we do not know yet.

 

[alkemyst]

I like how he hocks the S&P500 since 1926...when the S&P500 didn't exist in 1926.

Oops.

probably referring to the companies that make it up...but even then.

 

[alkemyst]

are you naysayers thinking we are not heading for a possible big deflation?

 

[JMapleton]

derived from intangible things and perceived value. That perception isn't worth anything.

And how is that any different than the US's credit rating, which keeps us afloat now?

US Credit Rating, which funds our consumption nation, is immaterial and only perceived.

 

[sandorski]

And how is that any different than the US's credit rating, which keeps us afloat now?

US Credit Rating, which funds our consumption nation, is immaterial and only perceived.

Negative. Credit Ratings are based on tangibles.

 

[JMapleton]

Negative. Credit Ratings are based on tangibles.

Is that what they said during the real estate bubble when sub prime loans were rated AAA?

 

[manimal]

Gold threads are always fun because they act like a crazy person detector.

Nice!


http://online.wsj.com/article/SB10001424052748703523604575605472860000524.html


The coming tech bubbles from the innovation monsters in Singapore and the new silicon valley would be better investments imo

 

[sandorski]

Is that what they said during the real estate bubble when sub prime loans were rated AAA?

That's another issue entirely. Shenanigans were afoot in that Market.

 

[manimal]

That's another issue entirely. Shenanigans were afoot in that Market.

Clearly the answer is less oversight so government can get out of the way and end uncertainty....

 

[sandorski]

Clearly the answer is less oversight so government can get out of the way and end uncertainty....

Indeed. I also like how the "Uncertainty" angle was played against Obama, yet the uncertainty of a split House/Congress/President was a great thing. Sometimes Partisan BS is just Partisan BS.