Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
Posted on 12/15/2009 7:13:40 AM PST by FromLori
I should have said "market value", as referenced in the silver run-up sentence where there were many buyers.
There’s a value at which one side could possibly “take advantage of” another. But that’s not “unfair”. The other side thought it was fair, otherwise they wouldn’t have traded. And that’s what matters.
"Fairness" does not enter into the equation if one is starving and the only way to get food is to take a beating on the trade from one guy - the seller has no option. A situation where there are many buyers and traders is where your statement would kick in. I have taken a beating on a few trades because I did not want to shop around. I did not consider the beating "unfair" as I had the option to walk away. The starving man doesn't.
Allow me to respond gently....I am NOT a money changer....and I resent your casting of stones.... I hope to see you at Mass in the morning....but I have my doubts...right preacherman?
Why not both?
What a beauty that (ivory handle?)one is of course the other one is sweet too.
“’Fairness’ does not enter into the equation if one is starving and the only way to get food is to take a beating on the trade from one guy - the seller has no option. A situation where there are many buyers and traders is where your statement would kick in.”
No, I believe my statement always holds. The market always prevails, no matter what the situation. If the situation happens to be dire, as when the need is actue (i.e. when you’re starving) and when supply is short and sellers are few. In the case of the starving man with one lone supplier, it is the situation that’s unfair, not the transaction. The transaction will be as fair as possible, given the situation. That’s what economics is all about. Maximizing efficiency, not giving everybody everything they always wanted.
I’ve long been confused by people who complain of “gouging” and such when the situation is bad. For instance, if there was a great flood, and a large population was relocated to a new city, of course you’d want to change the price of hotel rooms. Why? To maximize efficiency. Raise the price, and people will be forced to band together, buy rooms with other people. That way the supply won’t be wasted on whoever gets there first, and both the hotel owner and the flood victims will benefit.
The same holds for the starving man and his supposedly unfair trade partner. That guy’ll want to get maximum value from the trade, as well he should, since supply is never infinite and there are no doubt other starving people besides that man.
If the guano hits the air handler, commodities and “things” like ammo will be just as valuable as metals.
Just a good idea to have both.
And if you have metals and food, you’d BETTER have weapons and ammo as there will be folks out there who would take your life to get them.
I used to have guns, ammo and gold but all that stuff was stolen years ago and the crappy market and economy prevented me from replacing any of them.
Hate when that happens.
GOld is just so complicated.
If they manage to convince EVERYBODY to buy gold, Gold prices will skyrocket, and they will be able to sell their gold to the people who are buying, at enormous profits.
Later, when everybody wonders why they have big chunks of metal sitting around their hosues, or when they want to take a cruise, they will go to sell this wonderful asset that goes up in value. And when everybody does that, there will be no buyers, and the price will plummet.
Then the gold-bugs will be back telling everybody to buy gold again.
>>I am NOT a money changer
Didn’t say you were, but your protestation is duly noted.
>>I hope to see you at Mass in the morning
Nope, not a servant/slave of the Un-Holy Roman Empire...
...Or of Cigarettes, Liquor and Lotto tickets.
Meet the New Boss, same as the Old Baal
—The Who?
Yep. That is a decent portion of the reason I'm trying to figure out what things to be holding if (if?) things get ugly. I also don't want to buy overpriced stuff right now in case we do recover. Hence the reason I want to know where the price of gold really is right now.
That site FromLori mentioned looks like a great resource.
I agree they are the real producers. I’m not a gold bug really when I post those articles it is more to show another point in the article though I do have Gold coins I’ve collected for years for just in case.
"for the support of this declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other OUR LIVES, OUR FORTUNES, AND OUR SACRED HONOR."
"Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some.... Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."
--Keynes, The Economic Consequences of the Peace
Yeah, by “ammo” I meant BBs and sarcasm. All I have left...
Wifey and I gave that a little shot in Franklin this past June....it was a hoot - even tho we got the equivalent of a few pepper flakes.
You need to visit the GPAA site (http://www.goldprospectors.org/) and join the group. They have areas all over the country permited for GPAA members only minig activities. I get out a couple of times a week around Charlotte, NC, but have to wait another couple of weeks for hunting season to be over to get into my hot spots.
There are some real good places in NC to look. The largest nugget of the last 100 years was recently found by the owner of the Cotton Patch Mine just north of Charlotte. I like the creeks and wooded areas with no people (or snakes) myself.
buy the preferred, not the common
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