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A Thread About Gold; Why Not Have Another Thread About Gold
Topic Started: 16 Aug 2015, 05:38 PM (5,965 Views)
Jimbo
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Gold is doing its thing today. Oil, stocks and everything else are doing their things.

Just saying.....
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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The Whole Truth
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I can't see the rainbow sockpupped coming out of its draw for a while now. Utter fail as far as predicting a gold crash.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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Loki
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Jimbo
19 Aug 2015, 06:44 AM
I use review sites for everything now. So do most people I know.
We bought a new washing machine recently.
Instead of trailing around retail parks listening to sales patter, we spent an hour on the web reading reviews and checking prices.
We had every washing machine on the planet to compare and contrast and once we decided which one we wanted, we could see who had our intended machine for the lowest price.
I can do this at work as well. I can see who has what steel, how quickly they can get it to me and for how much.
The phrase "I have seen it cheaper on the web" tortures the ears of every supplier on the planet.
Supplier margins and profitability are being squeezed as a result. Information is increasing competitiveness and reducing the chance of making a quick buck from the naivety of the buyer.
Suppliers get paid less, they reduce their costs. If that fails, their sovereign reduces the value of their currency.
When one side reduces price, the other side knows about it straight away. There is no one day advantage anymore. Every move is anticipated, modeled and countered almost instantly. You sell your milk for 5c less, the other supermarket drops theirs by 6c five seconds later.
Good post.
Quote:
 
Information is a game changer and the days of exponential profit growth are over because of it.
So what happens to an economic system designed around perpetual exponential profit growth?

That's a Big question, however in a nutshell, it either decentralises or it falls behind those that do and eventually topples from top-heaviness.

The age of Big is over, and the age of Fast and Flexible has begun.


“Talk sense to a fool and he calls you foolish.” - Euripides
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Terry
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Loki
20 Aug 2015, 01:27 PM
Good post.


That's a Big question, however in a nutshell, it either decentralises or it falls behind those that do and eventually topples from top-heaviness.

The age of Big is over, and the age of Fast and Flexible has begun.
Yes, you're right about speed and flexibility, especially when it comes to data. We're also entering an age where technology is taking on a whole new meaning as the tools and necessary skills become increasingly accessible. Also, we are now at the stage where technology companies such as Uber could become obsolete because of the emergence of decentralized platforms such as Ethereum remove the need for someone to facilitate the transaction.
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Loki
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Terry
20 Aug 2015, 03:31 PM
Also, we are now at the stage where technology companies such as Uber could become obsolete because of the emergence of decentralized platforms such as Ethereum remove the need for someone to facilitate the transaction.
That is an amazing find. I'm downloading the SDK as I type.


“Talk sense to a fool and he calls you foolish.” - Euripides
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Trollie
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The Whole Truth
20 Aug 2015, 09:54 AM
Utter fail as far as predicting a gold crash.
Posted Image

Walks like a duck, quacks like a duck...
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Terry
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Loki
20 Aug 2015, 09:02 PM
That is an amazing find. I'm downloading the SDK as I type.
Way beyond the socks
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Loki
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Terry
20 Aug 2015, 10:06 PM
Way beyond the socks
Light years. The Windows install was a little fiddly, I'm going to boot up the Ubuntu VM and take another crack at it.


“Talk sense to a fool and he calls you foolish.” - Euripides
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Terry
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Loki
20 Aug 2015, 10:10 PM
Light years. The Windows install was a little fiddly, I'm going to boot up the Ubuntu VM and take another crack at it.
Get amongst it
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The Whole Truth
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Trollie
20 Aug 2015, 09:19 PM


Posted Image


That charts getting a bit out of date dolie, on the RHS
Edited by The Whole Truth, 21 Aug 2015, 04:47 AM.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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