[gatorinla]

Originally Posted by realjumper

I'm sure you're correct, but, let's imagine that India and China end up with ALL the gold in the world......what's the point? What will they achieve by doing this? The world won't end up in a deep depression with China and India holding the aces, because the aces are worthless....and they are worthless because their 'worth' is only what people are prepared to pay for it.....and when there is no buyers, it's worth nothing at all.

your right unlike silver, gold has less and less industrail use its just for jewlrey.. it goes through cycles. but now you got billions of people in india and china. who never had acess to gold something that has had value since anceint times. and to many third worlds it shines more then paper. gold did have some industrial use in the past but now with silcone and black diamonds in the future thats gone. now its only worth what someone is willing to pay.. many third world people will pay a premium for it.. for weddings and other customs that gold has been used in. keeping up with the jones.. plus you got the u.s. thug market... other then that you cant eat it..

[Masmp_FX]

Originally Posted by realjumper

Yes I agree with you up to a point, but more valuable commodities in the real world is surely oil, water and food?

Thanks for the link.....I'll go grab a coffee and read this

Well, aren't we trying to get rid of oil, to some more environmentally friend fuels?

To me Gold is much safer than Oil,

as for water and food, we cannot live without them, but for it to gain more value, it must be a bit more rare, and if sometime in the future we are going to get short of food or water, people wont give a shit to gold, we enter in survival mode.

And that is also predicted, in about 4 bilion Years, when the Sun goes to heaven

[gatorinla]

Originally Posted by Atlast

don't you mean trillions

nope it was just a few billion in gold.. 9 i think

[realjumper]

Originally Posted by gatorinla

your right unlike silver, gold has less and less industrail use its just for jewlrey.. <snip> keeping up with the jones.. plus you got the u.s. thug market... other then that you cant eat it..

Exactly.....that's what I'm trying to get my head around!!!

[Nugget]

[IMG]file:///C:/DOCUME%7E1/LAJOSV%7E1.HOM/LOCALS%7E1/Temp/moz-screenshot.png[/IMG]

[gatorinla]

Originally Posted by TrendExpress

sorry bro , i was mention 1.4650 but made a mistake ... to many orders at these cross ... anyway there is huge shadow at daily bar on daily tf so think eur will fall , or usd get stronger

*L* damn i thought you were smoking something.... yeah that would be much more likely.. but i dont like the daily usx candle..

[realjumper]

Originally Posted by Masmp_FX

Well, aren't we trying to get rid of oil, to some more environmentally friend fuels?

To me Gold is much safer than Oil,

as for water and food, we cannot live without them, but for it to gain more value, it must be a bit more rare, and if sometime in the future we are going to get short of food or water, people wont give a shit to gold, we enter in survival mode.

And that is also predicted, in about 4 bilion Years, when the Sun goes to heaven

Well oil is another subject entirely.....one that isn't right for this forum...but....if there really is a pending oil shortage....and let's not forget that no oil means no trade, then why are we building more and more cars, planes ships etc etc??? Also, who really imagines that the stranglehold that the oil companies and oil producing nations have is just going to evaporate when oil runs out? They're not going to just shrug their shoulders and say "well that was fun while it lasted". Either, the oil companies already have the answer, or, there IS no imminent crisis.

And......who would have thought 25 years ago that people would be buying bottled water??

[TrendExpress]

Originally Posted by gatorinla

*L* damn i thought you were smoking something.... yeah that would be much more likely.. but i dont like the daily usx candle..

me smoke something sometimes somewhere , but only if its rare , good quality

[gatorinla]

Originally Posted by realjumper

Exactly.....that's what I'm trying to get my head around!!!

sometimes market follows the same strategy of wipping ass before crapping. it just dont make sence. but usaully a day or 1000000 days later it all makes sence. or you just dont give a shit anymore.

[NoStops]

Originally Posted by Atlast

don't you mean trillions

yes, you are right

[Masmp_FX]

Originally Posted by realjumper

Well oil is another subject entirely.....one that isn't right for this forum...but....if there really is a pending oil shortage....and let's not forget that no oil means no trade,...

Well, we are building more cars, so they can sell some oil, at a very good Profit.

and because oil may run out, we are building more fuel efficient cars, and raising the price of fuels, so that those profits can last for more time.


There are already other fuel alternatives, but they are not so profitable as Oil.

[earthsmate]

4 hourly chart is bullish now

[realjumper]

Originally Posted by Masmp_FX

Well, we are building more cars, so they can sell some oil, at a very good Profit.

and because oil may run out, we are building more fuel efficient cars, and raising the price of fuels, so that those profits can last for more time.


There are already other fuel alternatives, but they are not so profitable as Oil.

Cars are a small part......trading ships are more important

[Atlast]

Originally Posted by gatorinla

your right unlike silver, gold has less and less industrail use its just for jewlrey.. it goes through cycles. but now you got billions of people in india and china. who never had acess to gold something that has had value since anceint times. and to many third worlds it shines more then paper. gold did have some industrial use in the past but now with silcone and black diamonds in the future thats gone. now its only worth what someone is willing to pay.. many third world people will pay a premium for it.. for weddings and other customs that gold...

exacty the reason why china can create it's own market and with enough it can do so, as it produces it's own, much like DeBeers controls price of diamond. Also it may seem obvious but gold is imperishable and is idel for trade, give me one ounce of gold and I will eat well with it, any year, any economic cycle, that's the beauty of gold

[ziko123]

will not buy at today's close since price moved too much from 1.4625