Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
  • 2
  • 41
The Gold Bubble... Just how badly have the silly goldbugs failed?
Topic Started: 21 Jun 2014, 11:46 AM (27,220 Views)
derp
Unregistered

Ok I'll bite. If goldbugs don't plan on selling their gold then how does it protect wealth? It seems like it only protects it if you also buy into the story that fiat currencies will collapse and gold will become money again. You can't blame people for having a hard time accepting the latter.

1. Is there any evidence to suggest that we will return to a gold standard?

2. Is there any evidence to suggest that in the event of a return to the gold standard that governments would allow direct transfers in gold?

I imagine that if there were a return to gold standard that the government would require you to convert your gold into paper gold for commerce.
"REPLY WITH QUOTE" Go to top
 
GloomBoomDoom
Member Avatar


Gossamer
21 Jun 2014, 05:59 PM
WRONG! Gold is bought to protect one's wealth.
The Shadberg's have previously acknowledged real inflation is much higher than government numbers. Some people exchange their fiat currency for gold because it's more likely to cater for real inflation over time. Sure it can be volatile but watch what happens to AREPS if interest rates double.
MSE
Profile "REPLY WITH QUOTE" Go to top
 
Trojan
Default APF Avatar


Gossamer
21 Jun 2014, 05:59 PM
WRONG! Gold is bought to protect one's wealth.
Doesn't seem to be working too well for the ted/MMM....
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
Profile "REPLY WITH QUOTE" Go to top
 
MMM
Unregistered

Trojan
21 Jun 2014, 08:09 PM
Doesn't seem to be working too well for the ted/MMM....
Id say he owns a lot more than you :bye:

Heres how paper money backed by nothing at all has performed against what has been real currency and wealth for thousands of years.

Now in the link below you will see the real value of a silver quarter before 1964 when they were made in silver.
Gold and silver are always gold and silver. They are what they are, the wealth or price never changes, it is paper money around it that changes in value, and or percieved to be stronger or weaker for differtoent reasons.

An ounce of gold is always and ounce of gold.

An anounce of silver is always an ounce of silver, has been for ten thousand years and will be for another ten thousand. It the dollar that actually changed value and for some reason was percieved to be strong. But the link below shows you that a real silver quarter would buy you a gallon of gas in 1964. But a quarter today would not, its not made of silver anymore. But that old one that was made from silver would still buy you a gallon of gas today . And there is the difference boys and girls. If we never moved from the standard, that silver quarter would still buy a gallon of gas today instead of a few millilitres. The value of that paper has been getting destroyed over time. That little silver quarter, the real one, is still that exact same little coin it has always been and always will be, its the value of the paper currency that has changed, and in a big way to the downside. One day you might actually understand.

http://coinsite.com/us-silver-coins-when-they-ended-and-what-theyre-worth/
"REPLY WITH QUOTE" Go to top
 
Panda Bear
Unregistered

MMM
21 Jun 2014, 08:42 PM
An ounce of gold is always and ounce of gold.
And an ounce of shit is always an ounce of shit.

Doesn't make it a worthwhile investment.
"REPLY WITH QUOTE" Go to top
 
MMM
Unregistered

Panda Bear
21 Jun 2014, 10:00 PM
And an ounce of shit is always an ounce of shit.

Doesn't make it a worthwhile investment.
That you Timmy :bye:

How's iron ore looking now ;)
"REPLY WITH QUOTE" Go to top
 
MMM
Unregistered

Panda Bear
21 Jun 2014, 10:00 PM
And an ounce of shit is always an ounce of shit.

Doesn't make it a worthwhile investment.
The other thing is, your ounce of shit will dry out and turn to dust, as will you eventually, but that gold will stillbe there. See how tthat ounce of shit or paper money goes after being pulled from a shipwreck. Your shit has dissentegrated , while one thousand years later those gold and silver bars and coins are as good as new. What else could you do that with.

You did not address all the other reality in my post. Who said anything about investments. You sound confused. But seeing thats all you could come up with for your first post , I understand. ;)


"REPLY WITH QUOTE" Go to top
 
Panda Bear
Unregistered

MMM
21 Jun 2014, 10:36 PM
one thousand years later those gold and silver bars and coins are as good as new. What else could you do that with

Yeah not much mate, I don't expect to live that long, maybe another 50 max.
"REPLY WITH QUOTE" Go to top
 
goldbug
Default APF Avatar


derp
21 Jun 2014, 06:56 PM


1. Is there any evidence to suggest that we will return to a gold standard?

2. Is there any evidence to suggest that in the event of a return to the gold standard that governments would allow direct transfers in gold?

I imagine that if there were a return to gold standard that the government would require you to convert your gold into paper gold for commerce.
What's this load of crap? Who brought up the gold standard anyway.

You clowns haven't a clue do you. For your information a gold standard is the last thing a goldbug wants to see. We don't the governments sticky fingers anywhere near our gold.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
Profile "REPLY WITH QUOTE" Go to top
 
SittingOnDeFence
Default APF Avatar


Do a lot of people take out huge loans to buy gold?
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Create your own social network with a free forum.
Learn More · Register for Free
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1
  • 2
  • 41



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy