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Joined: Jul 2013
Posts: 3,327
Campfire Tracker
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Campfire Tracker
Joined: Jul 2013
Posts: 3,327 |
Lol.... its not everyday that you see such a learned collection of financial wizards all in one place. We are truly blessed here on the Campfire. 
It's official. I missed the selfie deadline so I'm Maser's sock puppet because rene and the Polish half of the fubar twins have decided that I am.
ΜOΛΩΝ ΛΑΒΕ μολὼν λαβέ
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Joined: Sep 2009
Posts: 12,168 Likes: 16
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Sep 2009
Posts: 12,168 Likes: 16 |
No John, Gold will never be a fiat no matter the USD dollar value of it. You cannot just print more gold, you have to expend labor and fuel to mine it. This prevents it from being fiat. The very nature of fiat is that it's manipulated and fake. It's underlying value is trust, that's it! Gold is used in microscopic amounts in industry.... silver on the other hand is consumed in large amounts. My speculative value of $10k is a guess based on real numbers, likely it would be even higher. Pricing gold in fiat is kinda silly actually. In Weimar Germany 10 million wouldn't have bought you an ounce of gold. We are so programmed to think of everything in fiat numbers, as you have displayed. Here is the deal, I will never convince you or anyone else for that matter, I recommend learning about what makes money valuable, also how it loses value etc.... we have a thousands of years of history available to teach us these truths. As for the blockchain the beauty of that is it bypasses the bankers and money handlers, who seem to have become the richest members of society. That alone should give you pause. Did you read the Zero hedge article I linked? it explains a few things way better than I can, https://www.zerohedge.com/markets/luongo-ins-outs-whose-money-it-anywayWhat underlying value does gold have to support $10,000oz? It's shiny and heavy?
John Burns
I have all the sources.
They can't stop the signal.
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Joined: Jan 2010
Posts: 32,130 Likes: 1
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2010
Posts: 32,130 Likes: 1 |
What underlying value does gold have to support $10,000oz?
It's shiny and heavy?
Don't be a daft kgunt.
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
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Joined: Sep 2009
Posts: 12,168 Likes: 16
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Sep 2009
Posts: 12,168 Likes: 16 |
What underlying value does gold have to support $10,000oz?
It's shiny and heavy?
Don't be a daft kgunt. Flesh that out a bit. Is gold not shiny? Is gold not heavy? Does gold have any intrinsic value beyond it's commdity value?
John Burns
I have all the sources.
They can't stop the signal.
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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
Posts: 20,824 |
Lol.... its not everyday that you see such a learned collection of financial wizards all in one place. We are truly blessed here on the Campfire. Do you know the difference between Austrian economic theory versus Keynesian economic theory? Without google you would be clueless. So share your wisdom and accomplishments with us.... and maybe a pic or two
Originally Posted by Judman
PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
Posts: 20,824 |
What underlying value does gold have to support $10,000oz?
It's shiny and heavy?
Don't be a daft kgunt. Flesh that out a bit. Is gold not shiny? Is gold not heavy? Does gold have any intrinsic value beyond it's commdity value? It has been money for thousands of years.... our dollar was based on it until 1971
Originally Posted by Judman
PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
Posts: 20,824 |
What underlying value does gold have to support $10,000oz?
It's shiny and heavy?
Don't be a daft kgunt. He won't make the effort of reading the article I linked.... he would rather be a chunt He already knows it all, after all he pimps overpriced rifles for a living.... a sucker is born every minute... Hey John I once owned a Bushmaster AR that would shoot 1/2 moa all day every day, cost $800
Originally Posted by Judman
PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: Jan 2016
Posts: 95,809 Likes: 4
Campfire Oracle
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Campfire Oracle
Joined: Jan 2016
Posts: 95,809 Likes: 4 |
Doesnt our constitution require our currency be backed by it? What would its value be if what the US had were as valuable as everything in the country?  What's going to back our bitcoin or ethereum currency down the road after our paper currency becomes our toilet paper?
Ecc 10:2
The heart of the wise inclines to the right, but that of a fool to the left.
A Nation which leaves God behind is soon left behind.
"The Lord never asked anyone to be a tax collector, lowyer, or Redskins fan".
I Dindo Nuffin
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Joined: Sep 2009
Posts: 12,168 Likes: 16
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Sep 2009
Posts: 12,168 Likes: 16 |
What underlying value does gold have to support $10,000oz?
It's shiny and heavy?
Don't be a daft kgunt. Flesh that out a bit. Is gold not shiny? Is gold not heavy? Does gold have any intrinsic value beyond it's commdity value? It has been money for thousands of years.... our dollar was based on it until 1971 LOL. Fiat Money. Show us the intrinsic value other than shiny and heavy. Thanks.
John Burns
I have all the sources.
They can't stop the signal.
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Joined: Jan 2010
Posts: 32,130 Likes: 1
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2010
Posts: 32,130 Likes: 1 |
What was I thinking... Burns had dinner with a Krugerrand last year.
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
Posts: 20,824 |
What underlying value does gold have to support $10,000oz?
It's shiny and heavy?
Don't be a daft kgunt. Flesh that out a bit. Is gold not shiny? Is gold not heavy? Does gold have any intrinsic value beyond it's commdity value? It has been money for thousands of years.... our dollar was based on it until 1971 LOL. Fiat Money. Show us the intrinsic value other than shiny and heavy. Thanks. Go dig up $2000 worth of gold then tell me your time and energy has no value....
Originally Posted by Judman
PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
Posts: 20,824 |
How about a shoe box full of $100 dollar bills under your bed and your house burns down? you have ashes
A box full of gold will still have the same value after the fire... durability... man cannot make gold, he can make a USD... these and many more qualities are why it has been money for thousands of years.
Originally Posted by Judman
PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: Nov 2019
Posts: 3,633 Likes: 1
Campfire Tracker
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Campfire Tracker
Joined: Nov 2019
Posts: 3,633 Likes: 1 |
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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
Posts: 20,824 |
What was I thinking... Burns had dinner with a Krugerrand last year. Burns pimps guns to the Black rifle coffee crowd, you know the same guys that said Kyle Rittenhouse was murderous racist
Originally Posted by Judman
PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: Sep 2009
Posts: 12,168 Likes: 16
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Sep 2009
Posts: 12,168 Likes: 16 |
Go dig up $2000 worth of gold then tell me your time and energy has no value....
LOL. So now you devalue gold from your ridiculous value of $10,000 to $2000. Thanks for proving my point. Commmiditys have a value. And you need to post less and read more.
John Burns
I have all the sources.
They can't stop the signal.
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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
Posts: 20,824 |
Go dig up $2000 worth of gold then tell me your time and energy has no value....
LOL. So now you devalue gold from your ridiculous value of $10,000 to $2000. Thanks for proving my point. Commmiditys have a value. And you need to post less and read more. I did not specify how many ounces of gold...
Originally Posted by Judman
PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: Sep 2009
Posts: 12,168 Likes: 16
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Sep 2009
Posts: 12,168 Likes: 16 |
What was I thinking... Burns had dinner with a Krugerrand last year. Burns pimps guns to the Black rifle coffee crowd, you know the same guys that said Kyle Rittenhouse was murderous racist LOL. How to tell everybody your getting your ass kicked with out simply saying "I am getting my ass kicked". Congradulations?
John Burns
I have all the sources.
They can't stop the signal.
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Joined: Feb 2009
Posts: 16,272 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Feb 2009
Posts: 16,272 Likes: 1 |
Go dig up $2000 worth of gold then tell me your time and energy has no value....
LOL. So now you devalue gold from your ridiculous value of $10,000 to $2000. Thanks for proving my point. Commmiditys have a value. And you need to post less and read more. Posting again from the tanning bed?
Epstein didn't kill himself.
"Play Cinnamon Girl you Sonuvabitch!"
Biden didn't win the election.
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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
Posts: 20,824 |
You really don't get it do you.... yet you think your AR's are much more valuable than a Bushmaster... figures
Originally Posted by Judman
PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: Sep 2009
Posts: 12,168 Likes: 16
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Sep 2009
Posts: 12,168 Likes: 16 |
Go dig up $2000 worth of gold then tell me your time and energy has no value....
LOL. So now you devalue gold from your ridiculous value of $10,000 to $2000. Thanks for proving my point. Commmiditys have a value. And you need to post less and read more. I did not specify how many ounces of gold... LOL.
John Burns
I have all the sources.
They can't stop the signal.
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