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| 10:53 PM | ||
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THIS is why GOLD is "money" and has "value" - | |
| Leverlock Offer Upgrade  User ID: 79207923  United States08/15/2020 04:11 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 77957449 United States08/15/2020 04:19 PM Report Abusive Post Report Copyright Violation | . Quoting: Leverlock In the beginning there was barter. You fished, you traded fish for stuff. But what if you need a shirt and the clothing maker didn't like fish? You can easily see where that is going. Civilization needed a common item that all agree on for exchange of goods and service. Of the elements known at the time, criteria needed to be met. Can't be a liquid or gas for obvious reasons. Can't be stone because if you work it to a measurable weight, the excess waste material is unusable. It had to be a metal. Not just any metal. It had to be rare, and it had to have an achievable melt temperature. Two elements fit the bill Gold and Silver. And at a 16 to 1 ratio of availability, they worked together perfectly for thousands of years. Anyone who does not understand this concept and regurgitates the same crap about gold not being edible or not having any inherent value simply does not understand the historic need for a common trade item and the criteria that need to be met for it to function properly. Art. 1 Sec. 10, US Constitution: "No State shall...make any thing but gold and silver coin a tender in payment of debts." . Gold is "money" and has value because the king/ government says it is and does. Money is an invention of kings and civilization and it has not always been coins and gold, many chieftains and kings have used other resources as the base token of money. Shells, coffee, even pretty green paper, etc. That is why the principle power of every government is to set the token of money and it's value to the population. And that is actually the true meaning of "render unto caesar what is Caesar's." You can give Ceaser money because that is the only thing he ever invented and the only thing that is his. I would also add in the end if civilization collapses and people are starving gold will be more trouble than it's worth. Gold and money is only valuable to the king/government and civilization; ie the creators of money. |
| Anonymous Coward User ID: 77573950 United States08/15/2020 04:21 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 78230975 United States08/15/2020 04:22 PM Report Abusive Post Report Copyright Violation | . Quoting: Leverlock In the beginning there was barter. You fished, you traded fish for stuff. But what if you need a shirt and the clothing maker didn't like fish? You can easily see where that is going. Civilization needed a common item that all agree on for exchange of goods and service. Of the elements known at the time, criteria needed to be met. Can't be a liquid or gas for obvious reasons. Can't be stone because if you work it to a measurable weight, the excess waste material is unusable. It had to be a metal. Not just any metal. It had to be rare, and it had to have an achievable melt temperature. Two elements fit the bill Gold and Silver. And at a 16 to 1 ratio of availability, they worked together perfectly for thousands of years. Anyone who does not understand this concept and regurgitates the same crap about gold not being edible or not having any inherent value simply does not understand the historic need for a common trade item and the criteria that need to be met for it to function properly. Art. 1 Sec. 10, US Constitution: "No State shall...make any thing but gold and silver coin a tender in payment of debts." . Gold is "money" and has value because the king/ government says it is and does. Money is an invention of kings and civilization and it has not always been coins and gold, many chieftains and kings have used other resources as the base token of money. Shells, coffee, even pretty green paper, etc. That is why the principle power of every government is to set the token of money and it's value to the population. And that is actually the true meaning of "render unto caesar what is Caesar's." You can give Ceaser money because that is the only thing he ever invented and the only thing that is his. I would also add in the end if civilization collapses and people are starving gold will be more trouble than it's worth. Gold and money is only valuable to the king/government and civilization; ie the creators of money. Dumbass statement. |
| jwh125 User ID: 78939544 United States08/15/2020 04:30 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 69578565 United States08/15/2020 04:48 PM Report Abusive Post Report Copyright Violation | |
| doomsdays doorstep User ID: 77437592  Canada08/15/2020 06:48 PM Report Abusive Post Report Copyright Violation | Warren Buffett, the CEO of Berkshire-Hathaway, just invested 550 million dollars in a Canadian gold mining company. He has always been against gold, but his father Howard was a noted gold bug. Warren has finally aged enough to attain his father's wisdom. But far more important is his realization that the American economy is heading toward a cliff and he is slowly bracing himself and his company's investors for the impending crash. It would be wise for Americans to do the same. Not only invest in gold mining stocks, but buy gold and silver bullion coins and bars. |
| Anonymous Coward User ID: 79259379 United States08/15/2020 07:28 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 78939544 United States08/15/2020 07:57 PM Report Abusive Post Report Copyright Violation | Give me a million dollars in land, cattle and other livestock and you can stick your million dollars of gold where the sun don’t shine. And ten years from now we can compare who has benefited more. Quoting: jwh125 so, first someone has to "give" you....lol It’s a hypothetical dumb ass. Would you rather sort of thing. |
| jlee2027 User ID: 76568830 United States08/15/2020 08:00 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 29603659 Canada08/15/2020 08:00 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 73843701 United States08/15/2020 08:04 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 78939544 United States08/15/2020 08:05 PM Report Abusive Post Report Copyright Violation | Warren Buffett, the CEO of Berkshire-Hathaway, just invested 550 million dollars in a Canadian gold mining company. He has always been against gold, but his father Howard was a noted gold bug. Warren has finally aged enough to attain his father's wisdom. But far more important is his realization that the American economy is heading toward a cliff and he is slowly bracing himself and his company's investors for the impending crash. It would be wise for Americans to do the same. Not only invest in gold mining stocks, but buy gold and silver bullion coins and bars. Quoting: doomsdays doorstep 77437592 Warren Buffett, the CEO of Berkshire-Hathaway, just invested 550 million dollars in a Canadian gold mining company. He has always been against gold, but his father Howard was a noted gold bug. Warren has finally aged enough to attain his father's wisdom. But far more important is his realization that the American economy is heading toward a cliff and he is slowly bracing himself and his company's investors for the impending crash. It would be wise for Americans to do the same. Not only invest in gold mining stocks, but buy gold and silver bullion coins and bars. Quoting: doomsdays doorstep 77437592 Buffett did not buy gold. He bought stock in a gold mining company because he knew fools like you dupes will be rushing into every gold related investment you can find including gold coins. When he sees the market following his feign he will sell for huge profits. |
| Anonymous Coward User ID: 73843701 United States08/15/2020 08:08 PM Report Abusive Post Report Copyright Violation | get the fuck out of my life you fucign patethic shills. YOU COULD HAVE STOOD AGISNT ANY OF THSE POEIPLE. YOU HAD YEARS TO. STOP ACTING LIEK YOURE DONG ME A FUCGN FAVOUR WHILE Y UO STAND BACK AND LET THESE SICK PROUD LEMMING RTARDS ruin every fucgin second of my day they can just to imress some ment alyill billioare fuckup or two. STAND UP AGAINST THIS SICK FUCK IN CHARGE YOU TOTAL FUCING SELLOUT. Quoting: Anonymous Coward 29603659 Did you miss your meds today? |
| Anonymous Coward User ID: 79270619 Canada08/15/2020 08:20 PM Report Abusive Post Report Copyright Violation | get the fuck out of my life you fucign patethic shills. YOU COULD HAVE STOOD AGISNT ANY OF THSE POEIPLE. YOU HAD YEARS TO. STOP ACTING LIEK YOURE DONG ME A FUCGN FAVOUR WHILE Y UO STAND BACK AND LET THESE SICK PROUD LEMMING RTARDS ruin every fucgin second of my day they can just to imress some ment alyill billioare fuckup or two. STAND UP AGAINST THIS SICK FUCK IN CHARGE YOU TOTAL FUCING SELLOUT. Quoting: Anonymous Coward 29603659 Did you miss your meds today? die in a fucing fire retard. i have no interest in apearing intelligent or sane to the most insane, dubest fucign sleltou whore harrassing bully for hire lemmings shills on teh planet. i just want yuo all fjucing dead and im not joking. |
| Anonymous Coward User ID: 77361007 United States08/15/2020 08:30 PM Report Abusive Post Report Copyright Violation | This is the true and real value of gold... |
| Anonymous Coward User ID: 77996452 United States08/15/2020 08:43 PM Report Abusive Post Report Copyright Violation | Real money is a monetary note, nothing more or less. Real money is when Joe Average makes a chair and writes a monetary note for it that can be traded around. Real money vanishes from circulation when used(traded in for receipt of the chair). Gold/silver are not money but they are valuable commodities just like a chair. |
| Anonymous Coward User ID: 79096776 United States08/15/2020 08:49 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 69987138 United States08/15/2020 08:52 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 35379848 United States08/15/2020 10:54 PM Report Abusive Post Report Copyright Violation | . Quoting: Leverlock In the beginning there was barter. You fished, you traded fish for stuff. But what if you need a shirt and the clothing maker didn't like fish? You can easily see where that is going. Civilization needed a common item that all agree on for exchange of goods and service. Of the elements known at the time, criteria needed to be met. Can't be a liquid or gas for obvious reasons. Can't be stone because if you work it to a measurable weight, the excess waste material is unusable. It had to be a metal. Not just any metal. It had to be rare, and it had to have an achievable melt temperature. Two elements fit the bill Gold and Silver. And at a 16 to 1 ratio of availability, they worked together perfectly for thousands of years. Anyone who does not understand this concept and regurgitates the same crap about gold not being edible or not having any inherent value simply does not understand the historic need for a common trade item and the criteria that need to be met for it to function properly. Art. 1 Sec. 10, US Constitution: "No State shall...make any thing but gold and silver coin a tender in payment of debts." . I used to follow Howard Ruff, but now realize gold is nothing special. It appreciates now and then like anything else, but nothing like Amazon, google, Tesla, Apple, etc.. Gold seems to have a cult following though. |
| Anonymous Coward User ID: 78215030 United States08/15/2020 10:59 PM Report Abusive Post Report Copyright Violation | |
| Blenderizer User ID: 76760905 United States08/15/2020 11:08 PM Report Abusive Post Report Copyright Violation | Warren Buffett, the CEO of Berkshire-Hathaway, just invested 550 million dollars in a Canadian gold mining company. He has always been against gold, but his father Howard was a noted gold bug. Warren has finally aged enough to attain his father's wisdom. But far more important is his realization that the American economy is heading toward a cliff and he is slowly bracing himself and his company's investors for the impending crash. It would be wise for Americans to do the same. Not only invest in gold mining stocks, but buy gold and silver bullion coins and bars. Quoting: doomsdays doorstep 77437592 It's a simple calculation for people like Buffet. If he invests a billion in the stock market he expects a high return, probably greater than 8%. Because that paper asset is appreciating faster than the price of gold, so you can sell that paper and buy gold if you want. But once the paper assets don't appreciate, then you want your money in gold because it holds it's value much better than stocks, bonds or real estate. And I mean silver as well, silver is probably a better play because it has so many industrial uses. Fedbugs laugh and say silver is a commodity because of industrial uses and I have to say silver is money (always has been money) AND it has many industrial uses. People believed in this magic genie government that could keep a cap on the real price of silver to make manufacturing cheap so a certain group of people could profit immensely. But everything is changing, too much debt so it all has to be worked through could take decades. Gold and silver will hold their value. Modeling reality |
| Fhirinne User ID: 75973915  United Kingdom08/15/2020 11:27 PM Report Abusive Post Report Copyright Violation | Warren Buffett, the CEO of Berkshire-Hathaway, just invested 550 million dollars in a Canadian gold mining company. He has always been against gold, but his father Howard was a noted gold bug. Warren has finally aged enough to attain his father's wisdom. But far more important is his realization that the American economy is heading toward a cliff and he is slowly bracing himself and his company's investors for the impending crash. It would be wise for Americans to do the same. Not only invest in gold mining stocks, but buy gold and silver bullion coins and bars. Quoting: doomsdays doorstep 77437592 I find it curious that he sold 60% of his shares in JPMorgan You are the CEO of your own wellness. You need to take back your health from the disease-care system |
| Your Crazy Mom User ID: 41147290 United States08/15/2020 11:35 PM  Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 78982079 United States08/15/2020 11:39 PM Report Abusive Post Report Copyright Violation | . Quoting: Leverlock In the beginning there was barter. You fished, you traded fish for stuff. But what if you need a shirt and the clothing maker didn't like fish? You can easily see where that is going. Civilization needed a common item that all agree on for exchange of goods and service. Of the elements known at the time, criteria needed to be met. Can't be a liquid or gas for obvious reasons. Can't be stone because if you work it to a measurable weight, the excess waste material is unusable. It had to be a metal. Not just any metal. It had to be rare, and it had to have an achievable melt temperature. Two elements fit the bill Gold and Silver. And at a 16 to 1 ratio of availability, they worked together perfectly for thousands of years. Anyone who does not understand this concept and regurgitates the same crap about gold not being edible or not having any inherent value simply does not understand the historic need for a common trade item and the criteria that need to be met for it to function properly. Art. 1 Sec. 10, US Constitution: "No State shall...make any thing but gold and silver coin a tender in payment of debts." . This only works with civilized peoples. |
| Anonymous Coward User ID: 74402049 United States08/15/2020 11:45 PM Report Abusive Post Report Copyright Violation | |
