Rick Santelli "Just wait until buyers of paper gold figure out there isn't enough physical to back it." | |
cdwarior User ID: 505149 United States 05/14/2010 02:44 PM Report Abusive Post Report Copyright Violation | Re: Rick Santelli "Just wait until buyers of paper gold figure out there isn't enough physical to back it." |
Lily User ID: 886413 United States 05/14/2010 02:48 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 966671 United States 05/14/2010 02:50 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 969776 United States 05/14/2010 02:57 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 933118 United States 05/14/2010 02:59 PM Report Abusive Post Report Copyright Violation | Re: Rick Santelli "Just wait until buyers of paper gold figure out there isn't enough physical to back it." People decided that gold is worth something because it glitters, it's pretty. People can decide that led is just as valuable. Ya need it to make bullets and radiation shields. Neither gold or led are edible or conductive and both are plentiful... It's all made up. Quoting: Sol HyperionI believe that humans value gold because it was genetically programmed into us to mine it for the Anunnaki. The reason that is is supposedly no longer in Fort Knox and that 100s of companies on the radio and TV are begging you to turn in your gold for cash is that its all being gathered up as tribute for when they return. are you fucking kidding me??? you may want to rejoin reality at some point and maybe consider finding those meds-they gave to you for a reason. oh and captain douchebag-here's a real brain teaser-go fuck yourself |
Anonymous Coward User ID: 965322 United Kingdom 05/14/2010 03:01 PM Report Abusive Post Report Copyright Violation | |
9teen.47™ User ID: 970606 United Kingdom 05/14/2010 03:02 PM Report Abusive Post Report Copyright Violation | Re: Rick Santelli "Just wait until buyers of paper gold figure out there isn't enough physical to back it." All the gold ever mined would be just a cube 55ft long. just sayin.... Quoting: LilyI'm not greedy, I'll settle for a 5 inch cube. Zec 12:3 And in that day will I make Jerusalem a burdensome stone for all people: all that burden themselves with it shall be cut in pieces, though all the people of the earth be gathered together against it. Psa 9:17 The wicked shall be turned into hell, [and] all the nations that forget God. Jer 6:2 I have likened the daughter of Zion to a comely and delicate [woman]. STOCK UP NOW. You should have at least 6 months worth of basics for every member of your household. Stay away from crowds when trouble starts, do not forget water storage, tobacco is worth more than gold or silver, and be kind to hungry children. |
Free Planet User ID: 968243 United Kingdom 05/14/2010 03:13 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 833852 United States 05/14/2010 03:15 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 76144 United States 05/14/2010 03:19 PM Report Abusive Post Report Copyright Violation | Re: Rick Santelli "Just wait until buyers of paper gold figure out there isn't enough physical to back it." I dont get the appeal of gold. Many people like it, I just dont understand why? I think in a TEOWAWKI secnario, gold wont be worth shit. Im starving. I need fucking food!! Im thristy i need water. That will be the "Currency of choice". The guys who has mountains of gold,...... who is going to want that gold??? |
Anonymous Coward User ID: 918295 United States 05/14/2010 03:30 PM Report Abusive Post Report Copyright Violation | Re: Rick Santelli "Just wait until buyers of paper gold figure out there isn't enough physical to back it." I dont get the appeal of gold. Many people like it, I just dont understand why? Quoting: Anonymous Coward 76144I think in a TEOWAWKI secnario, gold wont be worth shit. Im starving. I need fucking food!! Im thristy i need water. That will be the "Currency of choice". The guys who has mountains of gold,...... who is going to want that gold??? You must have never hear of ORMO, mono-atomic gold or white powder gold... [link to www.youtube.com] |
Yodachoda User ID: 841053 United States 05/14/2010 03:31 PM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 928852 United States 05/14/2010 03:32 PM Report Abusive Post Report Copyright Violation | Re: Rick Santelli "Just wait until buyers of paper gold figure out there isn't enough physical to back it." stuff like this is no different from a drug dealer stealing your money and giving you no Product..... 90% of the population wont do a fucking thing about it- they will whine like children hoping they get re-served on a silver platter- while the other 10% will stand the fuck up n take there shit back..... the 10% im speaking of will be the fittest to survive this new world... |
Yodachoda User ID: 841053 United States 05/14/2010 03:33 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 928852 United States 05/14/2010 03:33 PM Report Abusive Post Report Copyright Violation | Re: Rick Santelli "Just wait until buyers of paper gold figure out there isn't enough physical to back it." I dont get the appeal of gold. Many people like it, I just dont understand why? Quoting: Anonymous Coward 918295I think in a TEOWAWKI secnario, gold wont be worth shit. Im starving. I need fucking food!! Im thristy i need water. That will be the "Currency of choice". The guys who has mountains of gold,...... who is going to want that gold??? You must have never hear of ORMO, mono-atomic gold or white powder gold... [link to www.youtube.com] Face it man- gold will be worthless when shit gets Bad.... soccer moms with children to feed wont be worried about some fucking precious metals- they want FOOD and WATER! |
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Anonymous Coward User ID: 939950 United States 05/14/2010 03:56 PM Report Abusive Post Report Copyright Violation | Re: Rick Santelli "Just wait until buyers of paper gold figure out there isn't enough physical to back it." stuff like this is no different from a drug dealer stealing your money and giving you no Product..... 90% of the population wont do a fucking thing about it- they will whine like children hoping they get re-served on a silver platter- while the other 10% will stand the fuck up n take there shit back..... the 10% im speaking of will be the fittest to survive this new world... Quoting: Anonymous Coward 928852drug dealers don't steal money, thieves do |
Anonymous Coward User ID: 811056 United Kingdom 05/14/2010 03:57 PM Report Abusive Post Report Copyright Violation | Re: Rick Santelli "Just wait until buyers of paper gold figure out there isn't enough physical to back it." |
LouisWinthorpeIII User ID: 836514 United States 05/14/2010 03:58 PM Report Abusive Post Report Copyright Violation | Re: Rick Santelli "Just wait until buyers of paper gold figure out there isn't enough physical to back it." All the gold ever mined would be just a cube 55ft long. just sayin.... Quoting: 1-2-Followand how tall? Oh no geometry fail! "I don't know which was scarier...the speech...or the Congress cheering it. He evoked Lincoln. Whenever a President is going to get us into serious trouble...they always use Lincoln." -2010 |
LouisWinthorpeIII User ID: 836514 United States 05/14/2010 03:59 PM Report Abusive Post Report Copyright Violation | Re: Rick Santelli "Just wait until buyers of paper gold figure out there isn't enough physical to back it." looks like you dont OWN gold.....you LEASE it Quoting: Anonymous Coward 969776Just try to take delivery...it's next to impossible because they simply don't have it. "I don't know which was scarier...the speech...or the Congress cheering it. He evoked Lincoln. Whenever a President is going to get us into serious trouble...they always use Lincoln." -2010 |
BadMoonRising User ID: 727864 United Kingdom 05/14/2010 04:00 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 966900 United States 05/14/2010 04:14 PM Report Abusive Post Report Copyright Violation | Re: Rick Santelli "Just wait until buyers of paper gold figure out there isn't enough physical to back it." People are on edge. Quoting: Anonymous Coward 832190The talking heads on CNBC are at each others' throats. When fighting about gold....Rick Santelli said something along the lines of, "The price of gold itself for whatever reason is telling us something is wrong. The problem is, as people run into these ETF's like GLD and push the prices up....what happens when they find out that there isn't enough physical gold to back all the paper they are buying?" Hopefully there is a video up soon....but that is a DAMNING thing to say on financial TV. Basically telling everyone...if you don't have physical gold in your hands...you don't own it. Things are getting goofy out there. I told you all that 6 years ago on this forum. Idiots buy paper gold |
Anonymous Coward User ID: 896179 United Kingdom 05/14/2010 04:14 PM Report Abusive Post Report Copyright Violation | Re: Rick Santelli "Just wait until buyers of paper gold figure out there isn't enough physical to back it." Well, about 23 percent of the paper gold is backed by real gold. The paper is much like Ron Paul's Gold standard. Quoting: Anonymous Coward 752389Interesting. How did you work out how much paper gold there is in circulation? And how did you make sure that this was a genuine shortage? Example: A owns 100g of gold. B has a contract with A for A to give B 100g of gold tomorrow. C has a contract with B for B to give C 100g of gold next week. D has a contract with C for C to give D 100g of gold next month. E has a contract with D for D to give E 100g of gold next year. That's 400g of paper gold in circulation, and only 100g of actual gold, but there's no shortage of gold and no fraud. When you counted up all the paper gold in circulation, how did you account for situations like this? |
G. House User ID: 970717 United States 05/14/2010 04:14 PM Report Abusive Post Report Copyright Violation | Re: Rick Santelli "Just wait until buyers of paper gold figure out there isn't enough physical to back it." People decided that gold is worth something because it glitters, it's pretty. People can decide that led is just as valuable. Ya need it to make bullets and radiation shields. Neither gold or led are edible or conductive and both are plentiful... It's all made up. Quoting: Anonymous Coward 553712Gold is the best conductor. Lead is conductive. "Everybody lies." |
Anonymous Coward User ID: 969595 United States 05/14/2010 04:20 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 833852 United States 05/14/2010 04:23 PM Report Abusive Post Report Copyright Violation | Re: Rick Santelli "Just wait until buyers of paper gold figure out there isn't enough physical to back it." Well, about 23 percent of the paper gold is backed by real gold. The paper is much like Ron Paul's Gold standard. Quoting: Anonymous Coward 896179Interesting. How did you work out how much paper gold there is in circulation? And how did you make sure that this was a genuine shortage? Example: A owns 100g of gold. B has a contract with A for A to give B 100g of gold tomorrow. C has a contract with B for B to give C 100g of gold next week. D has a contract with C for C to give D 100g of gold next month. E has a contract with D for D to give E 100g of gold next year. That's 400g of paper gold in circulation, and only 100g of actual gold, but there's no shortage of gold and no fraud. When you counted up all the paper gold in circulation, how did you account for situations like this? 100x leveraged?? |
Xeitgeist User ID: 865957 United States 05/14/2010 04:37 PM Report Abusive Post Report Copyright Violation | |