Posted on 08/31/2019 9:57:10 AM PDT by infool7
Hi.
What kind of metal? Iron, uranium, gold. ?
Thanks
5.56mm
Bullcrap. If the meteor is worth 10,000 quadrillion, Fedzilla would simple spend 13,000 quadrillion and we would be in debt even more.
It’s like a habitually broke relative winning 250k on a lotto ticket. In 6 months they will be broke again and even deeper in debt.
You know it’s true.
Sorry I had to post and run.
The link to the YouTube in the
First post has the video with
all the details.
I’m heading back out will post again
later tonight.
7
Does he seriously think you could dump a quadrillion tons of gold into the market at $300 / ounce?
**************
Did the price of gold crash, when the Spanish shipped it from the Americas to Europe?
Just wondering.
It caused massive inflation. Back then gold WAS money, so the effect of way more gold was similar to the effect of way more money now. That is: inflation.
Excellent question
If you have too much of anything, it gets devalued and worthless.
Imagine if there were mountains of gold on Earth. It would cease to be a rare metal and no more valuable than iron.
Of course when you introduce that much metal into the market the price collapses. It’ll have to be harvested very slowly.
As I am of meager means let it be known that
I have no functional understanding of the markets:
local, national, global or otherwise whatsoever so
despite this being a totally unprecedented situation
it still utterly defies my comprehension.
The nearest to anything I can think of is say:
Company XYZ owns mineral rights to land
(that it is more than strong enough to defend)
on which is discovered an enormous oil and gas deposit.
Whatever that does to the global markets when the
resource is substantially greater than all other such
proven resources combined, I have no clue but
my guess is company XYZ’s stock goes WAY up.
7
Depends on how enormous it. Scarcity is a part of the price of all things. If so much gets introduced to the market at once that scarcity disappears, price drops. There’s a reason South Africa keeps such a tight control of how many diamonds come out of there. Keeps the price up. If there was suddenly 1000 times as much gold available in the market do you honestly think it would be selling for nearly $1400 an ounce? Of course not. With that much gold it simply isn’t worth that much. Frankly it’s not worth that much already, with 1000 times as much on the market gold probably would be trading at 50 cents an ounce. Scarcity matters.
My apologies for posting with the link to the article behind the paywall,
there was a hotlink to the video in the first post.
I don’t know what it means that’s why I posted it here so
we could all discuss it.
Thank you for adding your two cents.
7
Link?
Why?
I heard that the asteroid already fell onto...Greenland.
How do you get pieces of it through atmosphere? You cant have a large piece of it crashing into the earth and small pieces on a capsule or craft wouldn’t recover the cost of launching the craft.
I've taken out mortgage loans, auto loans, student loans and margin loans, the Fed didn't have a say, one way or the other.
How would you do it our money is under the control of private banks?
It's not under the control of the Fed. The Fed isn't private.
I think that iron and nickle are significantly
different from gold in that they are much more
useful for building things especially structures,
I think the point of the video is that
they are well worth the effort to obtain.
7
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