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The Really Useless Thread

  • #88,821
  • May 16, 2012 1:25pm May 16, 2012 1:25pm
Quoting gatorinla
cause the cb are owned by old money. how much gold does the u.s. own.. figure out what its worth.. then figure out what a carrier cost. the new sword
abt 7000 tons I think and when US was on gold standard every dollar was backed by gold.

If u tried to do that today gold would be worth something like 20-30,000 oz
  • #88,822
  • May 16, 2012 1:30pm May 16, 2012 1:30pm
Quoting stewrigh
Yep they do atm but there are a lot of conspiracy theories out there postulating that the CB's have always suppressed prices to support fiat currencies.

Anyway if gold is just a relic - why are CB's the biggest owners.

Google GATA. theres loads of evidence there about price suppression.
The CB's come in and sell more paper gold than physical exists during these voilent spikes down... the lil bitches catch on and algo's then take over. We are just the fleas that watch and react.

I'm sure Whitehouse and NY are in on this one because its election year.. those in power want to stay in power. The culprits are JPM and HSBC using high leveraged NAKED shorts backed by unlimited margin... more needed just call the fed. Funny that they are the ones who make the metals market in the first place. You come into my house you play by my rules style of devils they are even though the house is owned by an idea vanishing into thin air called capitalism.
  • #88,823
  • May 16, 2012 1:37pm May 16, 2012 1:37pm
Couple of snippets of useless information(but mildly interesting)

- Gas(petrol) is actually cheaper now than it was in 1950(valued in silver).
1950 1 silver dollar would buy abt 4 gallons
today 1 silver dollar buys 7 gallons.

During the Roman Empire 1 ounce of gold bought a good suit/shoes/belt.
Same today.
  • #88,824
  • May 16, 2012 1:43pm May 16, 2012 1:43pm
Quoting stewrigh
abt 7000 tons I think and when US was on gold standard every dollar was backed by gold.

If u tried to do that today gold would be worth something like 20-30,000 oz
i think thats a little high. anyway gold was a currency. as was sea shells and sticks with marks. now we have replaced it. its just a metal..
those who can, do. those who cant, talk about those who can
  • #88,825
  • May 16, 2012 1:47pm May 16, 2012 1:47pm
Quoting gatorinla
i think thats a little high. anyway gold was a currency. as was sea shells and sticks with marks. now we have replaced it. its just a metal..
I been thinking about this and why Gold is a special case... yes to ppl in finance its just a metal but there is an intrinsic value ingrained in us that thinks its much more... maybe we equate it to god (through the sun) which looks like the same color... many generations of believing that means its more than just XAU the element.

Just thinking about the first ppl that discovered it.. those who also believed the sun comes from god because it allows life. You can't own the sun, but maybe the next best thing.
  • #88,826
  • May 16, 2012 1:53pm May 16, 2012 1:53pm
Quoting gatorinla
i think thats a little high. anyway gold was a currency. as was sea shells and sticks with marks. now we have replaced it. its just a metal..
Bit low actually 8,000 - and gold is the only 'currency' commodity that has an intrinsic value because it has a limited supply and you can't print anymore lol.

http://en.wikipedia.org/wiki/Gold_reserve
  • #88,827
  • May 16, 2012 1:57pm May 16, 2012 1:57pm
Quoting stewrigh
Bit low actually 8,000 - and gold is the only 'currency' commodity that has an intrinsic value because it has a limited supply and you can't print anymore lol.

http://en.wikipedia.org/wiki/Gold_reserve
Silver has less supply available... but I guess its just a brother to the popular metal... if I use the analogy I was using before... Silver = stars, Gold = sun, stars < sun but stars > 0. Yes I know sun is just a star.. but to us its not "just" a star.
  • #88,828
  • May 16, 2012 2:05pm May 16, 2012 2:05pm
Quoting sidhujag
I been thinking about this and why Gold is a special case... yes to ppl in finance its just a metal but there is an intrinsic value ingrained in us that thinks its much more... maybe we equate it to god (through the sun) which looks like the same color... many generations of believing that means its more than just XAU the element.

Just thinking about the first ppl that discovered it.. those who also believed the sun comes from god because it allows life. You can't own the sun, but maybe the next best thing.
It's only valuable because Scrooge McDuck had a moneybin full of it.
  • #88,829
  • May 16, 2012 2:14pm May 16, 2012 2:14pm
Quoting sidhujag
Silver has less supply available... but I guess its just a brother to the popular metal... if I use the analogy I was using before... Silver = stars, Gold = sun, stars < sun but stars > 0. Yes I know sun is just a star.. but to us its not "just" a star.
Some ppl think silver should be more expensive than gold.
  • #88,830
  • May 16, 2012 2:21pm May 16, 2012 2:21pm
update ...
Attached Image (click to enlarge)
Click to Enlarge Name: GUM5.JPG Size: 96 KB
  • #88,831
  • Edited 2:37pm May 16, 2012 2:21pm | Edited 2:37pm
Europe is “nearing the end game,” says Ian Pearce, head of European credit trading at RBC Capital Markets. Greece, he says, will exit the euro zone, “no two ways about it.” The question for the markets, he says is the “degree of disorder.” … “We’re in for a period of elevated volatility that could last for years – not weeks or months.”
----------------------------------------------



i guess the can has just about run out of kick... looking on the bright side, at least we should be able to look forward to a market that actually moves..
  • #88,832
  • May 16, 2012 2:40pm May 16, 2012 2:40pm
buying UJ
  • #88,833
  • May 16, 2012 2:43pm May 16, 2012 2:43pm
Quoting gatorinla
below 22 ok
below 19 better


coming up
  • #88,834
  • May 16, 2012 2:46pm May 16, 2012 2:46pm
Quoting chazzle
buying UJ
yes great, got a bunch of them too striking root, but finally something will grow...
Don't be a hero. Don't have an ego. Always question yourself
  • #88,835
  • May 16, 2012 2:52pm May 16, 2012 2:52pm
Quoting stewrigh
Some ppl think silver should be more expensive than gold.
too bad the traders are selling it when gold is going up.

aaand its more traded like the us stock exchange (which should be the worst place to be because everyone is there = some of the stacks have around 100 in P/E!!!)

like going to the only bar in the city, there will always be people who hate the place... but they still hang around...cause everyone else is...


TPed here, later gays!!
  • #88,836
  • May 16, 2012 2:54pm May 16, 2012 2:54pm
2704/5 may hold
Disclaimer: Check your 1m charts
  • #88,837
  • May 16, 2012 2:54pm May 16, 2012 2:54pm
Quoting Larseg


coming up
I hate them. I closed +4.
  • #88,838
  • May 16, 2012 2:55pm May 16, 2012 2:55pm
Quoting pipper
2704/5 may hold



nope
  • #88,839
  • May 16, 2012 2:56pm May 16, 2012 2:56pm
Quoting USD-Bear
yes great, got a bunch of them too striking root, but finally something will grow...
my worst nightmare with this pair is that it goes back to how it traded last year , as soon as I've entered a trade
  • #88,840
  • May 16, 2012 2:56pm May 16, 2012 2:56pm
Quoting Mr Hatch
I hate them. I closed +4.

live to see another day

well done
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