Posted on 11/13/2009 6:45:21 AM PST by SeekAndFind
Using equipment that I could make from stuff around the house I could do it to one part in a thousand, and with stuff a hired chemist could carry in a suitcase we could measure volume to one in 10,000.
I'd do it by displacement, dunk it in water and weigh the water that spills over. Same method Archimedes used to measure gold purity for the government thousands of years ago --except I would run down the street naked screaming 'eureka' like he did.
What’s more risky, gold or the dollar? For most of the past 40 years I would have said gold. At various points in time (i.e. late 70’s early 80’s) I would have been right. Short term. Long term I would have been wrong.
Today, the risk is in the dollar. Hold gold, FRiends.
Well there might not be enough gold, but the price was stable enough, for over a hundred years.
Why wouldn’t there be enough? Most commerce is electronic today anyway.
I'm all for ammo, the more the better. But where gold is supreme is as flight capital.
Try loading a million dollars in ammo into a Cessna 150 for a trip out of an extreme danger zone.
An example: plenty of well-to-do Vietnamese literally had fortunes on them when they escaped to the USA.
How much of a fortune in ammo can you carry on you as you escape across a border to freedom?
I'm all for ammo, the more the better. But where gold is supreme is as flight capital.
Try loading a million dollars in ammo into a Cessna 150 for a trip out of an extreme danger zone.
An example: plenty of well-to-do Vietnamese literally had fortunes on them when they escaped to the USA.
How much of a fortune in ammo can you carry on you as you escape across a border to freedom?
To test 400 oz gold bars, one assumes the tester will have enough sophistication to be able to determine the vast thermal, stiffness, hardness and electrical property differences between gold (very soft) and tungsten (very hard).
And if there is any question, a 1/8” simple drill bit will solve the conundrum in a few seconds.
As opposed to paper fiat currencies, which have always been a reliable store of value.
What price, gold?
What, you’re saying the only choice is between your gold and Mgumbe’s dollars? Come on guy, you know better than that.
Or do you seriously believe that the US$ has some magical property that will protect it where other pure fiat currencies have failed?
I just had to laugh when you talked about the wild fluctuations in the price of PMs, as opposed to those solid-as-Gibraltar paper dollars! LOL!!!!!!!
You’re absolutely right, the gold standard is the only true way. Just to show that my heart’s in the right place, let me know when you’re throwing away all those worthless dollar bills of yours and I’ll haul away your trash for free.
We're not talking about a gold plated tungsten bar. If 10 oz of tungsten is inside your gold bar, how does that change the thermal or electrical properties of the gold around it? Can you really detect a hard slug inside a softer bar?
And if there is any question, a 1/8” simple drill bit will solve the conundrum in a few seconds.
Which part of the 400 oz bar is the tungsten hidden in? Or are you turning the bar into swiss cheese?
I’ll just clean up those drill shavings for you there...
I read somewhere today, that all the gold in the world, not just monetary gold, equals 0.6 (six tenths) of the worlds wealth. So, not even close.
And the value of that currency to collectors far exceeded 80,000, although technically it’s still legal tender. Quite a nice find.
0.6%?
I'm not sure.
I've had a tungsten moment...
Just saying.
So what? The money commodity has to equal the world’s wealth?
I don’t get your thinking here.
The money commodity is just used for trading.
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