Author Topic: You should all be fired  (Read 3483 times)

Offline nicneufeld

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Re: You should all be fired
« Reply #45 on: August 10, 2011, 05:56:59 PM »
This is why I invest in vacations, beer, and surbahars!  :D

Offline tubercle

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Re: You should all be fired
« Reply #46 on: August 10, 2011, 06:05:06 PM »
Probably one of the worst times in history to buy gold.

 I'll leave out the gory details, but at your leasure hours check out the average ROI vs the last 3 years. Nothing that good last. There will be blood letting and nashing of teeth.

 The value of gold (or anything else) is determined by the availability of a buyer at that price who is both willing and able to make the transfer for something of equal or greater value.  For example, just about everyone who wants (willing) and has the money to buy (able) gold already has. Its priced out of reach of the average person. Now the owners have no one to sell it to except each other.

See also: Housing bubble
That is all well and good Tubercle, but when the pile of paper money is larger than the loaf of bread it buys,
I will be willing to trade my hog or cow or eggs or ahem * beer for a slivver or two of gold....
when that paper ain't carrying much value unless you are burning it for comfort on a -40*f winter night....What good is that, quote" money to buy (able)" for anything?

  I agree totally. Paper money only has value by fiat. Gold has value by utility; so does your hogs & chickens. So does your labor. I might even trade you a sixpack for a wheelbarrow of worthless paper money to keep from freezing to death. :D

 The point I was making is that worth is a fleeting thing. Only the buyer and seller can determine that. That is why an auction is the purest form of capitalism. The buyer won't pay more than they are willing or able and the seller won't accept anything less likewise. For example, I have a fiddle that belonged to my great grandfather passed down through my grandfather and then my dad to me. Its worth ~$1000 bucks on the used instrument market. I wouldn't take 100 times that because I have already promised it to my grandson.

 At this point in time, the gold is more valuable to the current owners than to those that haven't bother to try and buy any - like me. I can't eat gold.
  
 I know none of this makes sense....I have a hard time explaining it.
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Offline narvin

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Re: You should all be fired
« Reply #47 on: August 10, 2011, 06:12:24 PM »
Gold has value due to scarcity and demand.  Calling ornamentation "utility" is a bit of a stretch.
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Offline hopfenundmalz

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Re: You should all be fired
« Reply #48 on: August 10, 2011, 06:27:47 PM »
Gold has value due to scarcity and demand.  Calling ornamentation "utility" is a bit of a stretch.

The largest market for gold in the world is India.  For the wedding costumes, jewlery and other bling.  You might call it a dowery, but they could be giving other securities than the traditional gold.  Its the look at the wedding, from what I understand.

Must be expensive to get married there now!  Is it ever cheap?
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Offline tubercle

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Re: You should all be fired
« Reply #49 on: August 10, 2011, 06:50:19 PM »
Gold has value due to scarcity and demand.  Calling ornamentation "utility" is a bit of a stretch.

 Gold has a great amout of utility. Like hopfenundmalz mentioned as jewelry, it is heavily used in the electronics industry. It is valuable in terms of a negotable asset due to durabllity and standarization which adds value when faith is lost in the "full faith and credit" of fiat money. Ornamentation itself has utility if that is why a person wants to buy it. Utility is left strictly up to the "owner". If gold didn't have any utility then no one would own, or want to own, any. Utility is what its all about.

 This is a bad, bad, time to buy any gold though. Anytime you hear of anything has "reached its all time high", tread carefully.
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Offline aviking427

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Re: You should all be fired
« Reply #50 on: August 10, 2011, 07:57:57 PM »
Gold has value due to scarcity and demand.  Calling ornamentation "utility" is a bit of a stretch.

 Gold has a great amout of utility. Like hopfenundmalz mentioned as jewelry, it is heavily used in the electronics industry. It is valuable in terms of a negotable asset due to durabllity and standarization which adds value when faith is lost in the "full faith and credit" of fiat money. Ornamentation itself has utility if that is why a person wants to buy it. Utility is left strictly up to the "owner". If gold didn't have any utility then no one would own, or want to own, any. Utility is what its all about.

 This is a bad, bad, time to buy any gold though. Anytime you hear of anything has "reached its all time high", tread carefully.

I totally agree with you. The best time to buy gold is when all other trades and commodities are doing good, gold is almost always down.
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Offline phillamb168

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Re: You should all be fired
« Reply #51 on: August 11, 2011, 03:08:12 AM »
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