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What Is Gold Really Worth?
Forbes ^
| 05/12/2011
| Louis Woodhill
Posted on 05/12/2011 7:09:24 AM PDT by SeekAndFind
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To: Dick Bachert
no just making a joke. I look for pre-65 quarters and dimes in my change. any pre-83 penny is worth 3 cents and any nickel 1945-2011 is worth 7 cents. save those pennies and nickels.
To: youngidiot
“Contrary to popular belief, gold has very little intrinsic value.”
Yea, about the same intrinsic value as a well made custom men’s suit.
To: youngidiot
The Roman Republic/Empire survived on the Gold std for almost 800 years.
23
posted on
05/12/2011 7:44:28 AM PDT
by
central_va
( I won't be reconstructed and I do not give a damn.)
To: SeekAndFind
A LOT more than the dollar!
Looks like another George Soros hit piece on Gold. Because the price of Gold has rocketed up over the last 10 years. Soros is trying to get people that are hold gold to sell. LOL!
When I read a headline like this... That means buy more gold.
To: central_va
The Roman Republic/Empire survived on the Gold std for almost 800 years.
What if they'd chosen to use seashells or hamster droppings instead? That doesn't make it intrinsically valuable.
25
posted on
05/12/2011 7:56:12 AM PDT
by
youngidiot
(Hear Hear!)
To: youngidiot
if they had ransacked cities and took the seashells and left the gold, I don’t think it would have worked.
To: youngidiot
Talk to me when you are wiping your arse with $100 bills. This is very likely when we lose control of our fiat money. It is mazing the defendwers of paper money. In history EVERY currency has devalued to nothingness. This time it is different, right? LOL.
27
posted on
05/12/2011 7:58:39 AM PDT
by
central_va
( I won't be reconstructed and I do not give a damn.)
To: Gadsden1st
In 2001 Silver was $4.50 an oz. Gasoline was $1.80/gal
On April 28, 2011 Silver was $48.50 an oz. Gas was $3.81/gal
On May 6, 2011 Silver was $34.00 an oz. Gas was $3.90/gal
I'm sure you can find points in history where two different commodities occasionally trade in the same ratio. But that doesn't mean that they always trade that way. Silver doesn't track gasoline, as you can see from the above examples.
Just to clarify:
2001 gasoline cost 0.4 oz of silver
Apr 28, 2011 gas costs 0.078 oz of silver
May 2, 2011 gas costs 0.115 oz of silver.
That change of 0.067 oz between Apr 28 and May 2 is an 80% increase in the price of gasoline when paid in silver. Yet gas only increased 2.3% when priced in dollars.
28
posted on
05/12/2011 8:00:24 AM PDT
by
DannyTN
To: rokkitapps
I guess it was I who missed the point! Sorry.
29
posted on
05/12/2011 8:01:17 AM PDT
by
Dick Bachert
(2012 CAN'T COME SOON ENOUGH FOR ME. HOW ABOUT YOU?)
To: youngidiot
Contrary to popular belief, there is no such thing as “intrinsic value.”
30
posted on
05/12/2011 8:03:17 AM PDT
by
Erasmus
(I love "The Raven," but then what do I know? I'm just a poetaster.)
To: SeekAndFind
Gold is worth exactly what it’s always been worth. The value of gold has not changed it’s the value of the dollar that has changed. The dollar is now worth approximately 1/1500th of an ounce of gold. A speck.
31
posted on
05/12/2011 8:03:21 AM PDT
by
pgkdan
( "Wherever the Catholic sun doth shine / There's always laughter and good red wine / ...Belloc)
To: FReepers
32
posted on
05/12/2011 8:03:25 AM PDT
by
DJ MacWoW
(America! The wolves are at your door! How will you answer the knock?)
To: DannyTN
A decent suit along with a shirt tie and belt will run you about $1500.00 at a quality men’s fashion store.
33
posted on
05/12/2011 8:05:20 AM PDT
by
pgkdan
( "Wherever the Catholic sun doth shine / There's always laughter and good red wine / ...Belloc)
To: Gadsden1st
High quality men's suit $1,600 - $1,900
http://www.brooksbrothers.com/IWCatSectionView.process?IWAction=Load&Merchant_Id=1&Section_Id=576
34
posted on
05/12/2011 8:05:28 AM PDT
by
Dixie Yooper
(Ephesians 6:11)
To: central_va
Talk to me when you are wiping your arse with $100 bills. This is very likely when we lose control of our fiat money. It is mazing the defendwers of paper money. In history EVERY currency has devalued to nothingness. This time it is different, right? LOL.
I said nothing about paper money.
35
posted on
05/12/2011 8:07:18 AM PDT
by
youngidiot
(Hear Hear!)
To: Dixie Yooper
I look pretty darn good in a $300 suit.
To: Old Retired Army Guy
How long does it take to find a ounce of gold compared to a ounce of BS.
37
posted on
05/12/2011 8:09:48 AM PDT
by
Big Horn
(Rebuild the GOP to a conservative party)
To: rokkitapps
Or togas. Funny how that’s been true forever.
38
posted on
05/12/2011 8:12:10 AM PDT
by
DManA
To: Old Retired Army Guy
If I had gold, I would take what I can get now and run. Its going to drop like a rock this summer. I would be interested in hearing the factors you considered to come to this conclusion.....not to argue about it, but always interested in other's thoughts on the subject.
39
posted on
05/12/2011 8:17:36 AM PDT
by
OB1kNOb
(The stench of dependency is a sickening smell. Strive to become an asset, not a liability.)
To: SeekAndFind
As soon as Emperor Obama raids all of our retirement accounts and realizes even that won't keep up with his spending, he will make gold illegal to own and will force everyone to sell it back to him at $32/oz. You laugh, it happened here the last time we allowed ourselves to be ruled by an Emperor.
40
posted on
05/12/2011 8:21:23 AM PDT
by
Dixie Yooper
(Ephesians 6:11)
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