tag:blogger.com,1999:blog-4490468598422095060.post14205269906344748..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: Does Fiat Produce an Endless Sea of Wars?FOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger145125tag:blogger.com,1999:blog-4490468598422095060.post-79837799232916644382011-08-07T15:05:06.589-07:002011-08-07T15:05:06.589-07:00FOFOA, better get Forum $1700 ready! Gold up to $...FOFOA, better get Forum $1700 ready! Gold up to $1692 on the Asian open . . .Mr. Mandelbrothttps://www.blogger.com/profile/04190709366884304135noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-91545890657885202822011-08-03T20:24:55.581-07:002011-08-03T20:24:55.581-07:00@ Robert Mix
Scotia bank Edmonton was out of 5 oz...@ Robert Mix<br /><br />Scotia bank Edmonton was out of 5 oz bars last time I was there and Toronto was out of 10's. One thing I noticed in dealing with this bullion bank is that they don't answer questions about inventory. If you ask, they will not tell you. You make an order and you find out of they have it.Mhttps://www.blogger.com/profile/14298632737279907377noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-35402971684104824072011-08-03T18:28:00.281-07:002011-08-03T18:28:00.281-07:00Kicker,
Somalia issues a .62 gram(recently trade...Kicker,<br /><br /> Somalia issues a .62 gram(recently traded for $26) and some 1/2 gram 24k .9999 fine wildlife series gold coins with elephants on them. Really lovely coins. Keep a saved search on ebay......they do come up for sale semi-regularlyenoughhttps://www.blogger.com/profile/11559197548302862165noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-42870067768574589522011-08-03T13:45:32.562-07:002011-08-03T13:45:32.562-07:00After the Freegold transition, when the real value...After the Freegold transition, when the real value of gold is known, and fiat fluctuates in value relative to gold, there's still nothing to stop you from keeping your savings in fiat if you want to, or if you "can't afford" to buy gold (though I think there will be ways). Once you accumulate enough fiat that it seems reasonable to convert it to gold, then you do so... simple. <seanhttps://www.blogger.com/profile/03383810213841234946noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-6129420672060636972011-08-03T08:56:00.302-07:002011-08-03T08:56:00.302-07:00Haha Wejn
Not at all. I am roughly in the same le...Haha Wejn<br /><br />Not at all. I am roughly in the same league as you. <br /><br />Point is, the shrimps( that is, us) don't matter.<br /><br />Actually, it does matter. <br /><br />If you have ohh lets call it ye grande total of $500 in savings, then any unexpected event could wipe that out. eg. need new tires for your car? <br /><br />In terms of that some standard prudent financial Motley Foolhttps://www.blogger.com/profile/06902761012772262091noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-9977003639378335482011-08-03T07:42:54.734-07:002011-08-03T07:42:54.734-07:00@Motley Fool,
interesting. It almost seems as if ...@Motley Fool,<br /><br />interesting. It almost seems as if this forum is frequented exclusively by millionaires and billionaires. :-)<br /><br />Dunno about you but at the end of the month I often have around $100 to save (and sometimes much less)... so I wouldn't find Kicker's question that irrelevant.<br /><br />Point is, if you really want RPG then <b>anyone, anywhere</b> should be Anonymoushttps://www.blogger.com/profile/14188884755984555808noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-20873687418574228902011-08-03T04:14:21.132-07:002011-08-03T04:14:21.132-07:00Kicker
Look, if $100 dollars is what you have as ...Kicker<br /><br />Look, if $100 dollars is what you have as savings, you don't need gold, you need to go buy bread to put on your table. ;)<br /><br />Gold is supposed to be a excess wealth reserve. If you don't have excess, it's not relevant.<br /><br />That being said, 9ct alloys in secondhand jewelry form makes gold accessible to the masses. <br /><br />Peace<br /><br />TFMotley Foolhttps://www.blogger.com/profile/06902761012772262091noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-18496523089635403262011-08-03T00:39:37.333-07:002011-08-03T00:39:37.333-07:00@Kicker:
I'd say goldmoney; you can buy as li...@Kicker:<br /><br />I'd say goldmoney; you can buy as little as you want there, they account to 3 decimal places, if I remember correctly.Anonymoushttps://www.blogger.com/profile/14188884755984555808noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-48105087019467687442011-08-03T00:15:43.959-07:002011-08-03T00:15:43.959-07:00MF
thanks...it sounded pretty drool anyway...
Muc...MF <br />thanks...it sounded pretty drool anyway...<br />Much more fun watching gold move up overnight. I am aware it is likely to crash and not mean much to those who have physical but it pleasant to have it be high.<br />a Thought.... If it does come down hard that would be a good time to move physical from an IRA to a Roth IRA.Michael dVhttps://www.blogger.com/profile/12483224373093707424noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-16171081165563078292011-08-03T00:13:24.107-07:002011-08-03T00:13:24.107-07:00So Ive been trying to figure out how to buy gold i...So Ive been trying to figure out how to buy gold in smaller and smaller amounts. As I see this being the biggest issue of freegold at the moment. <br /><br />Im finding basically nothing. Some tiny gold nuggets on ebay and scrap gold from sim cards. If gold can hold infinate wealth, then at todays prices we are going to have to start seeing very small flakes being sold in certain markets. Kickerhttps://www.blogger.com/profile/10014254610757781648noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-44231267279442182372011-08-02T22:29:13.547-07:002011-08-02T22:29:13.547-07:00Momentous day in gold. Up approx. $40. Dow down o...Momentous day in gold. Up approx. $40. Dow down over 260. An awful Debt Ceiling Deal (euww...). Great for gold, but a BAD day for the USA.<br /><br />FOFOA (of course, duh!) is completely correct. Buy as much physical gold as you can afford, so that you do not have to sell it prematurely if you run short of fiats. Fiats have their role, I completely agree. You NEED to pay your bills!<br /><Robert Mixhttps://www.blogger.com/profile/12141824576251526483noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-32347016641108586652011-08-02T22:15:01.351-07:002011-08-02T22:15:01.351-07:00Hi Michael
As the one who brought them up, I will...Hi Michael<br /><br />As the one who brought them up, I will answer you.<br /><br />No.<br /><br />But, when you are done catching up, you may reconsider reading Fekete. Knowing everything FOFOA has written, you can still learn a lot from him. Including the real history of our monetary system.<br /><br />Peace<br /><br />The FoolMotley Foolhttps://www.blogger.com/profile/06902761012772262091noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-15147334062962532922011-08-02T20:17:01.728-07:002011-08-02T20:17:01.728-07:00As I sprint the Gold Trail trying to catch up to t...As I sprint the Gold Trail trying to catch up to the pack I'm going to ask: is it worth reading about Real Bills?<br />These are mentioned in comments on this blog and I've seen them referred to elsewhere. I'd rather go back over and spend my reading time on FOA and earlier FOFOA. Is this an important subject? I have read (and forgotten where) the Fed once was based on some Michael dVhttps://www.blogger.com/profile/12483224373093707424noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-14594340914400136242011-08-02T17:10:00.505-07:002011-08-02T17:10:00.505-07:00More Brodsky and Quaintenance on gold and other ma...<a href="http://www.scribd.com/doc/61480417/QBAMCO-Change-We-Can-Believe-In" rel="nofollow">More Brodsky and Quaintenance on gold and other matters in "Change We Can Believe In"</a>, ala <a href="http://fofoa.blogspot.com/2010/12/brodsky-on-gold.html" rel="nofollow">Brodsky on gold</a>.JRhttps://www.blogger.com/profile/16345441084565082627noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-21602504656381902011-08-02T16:55:38.274-07:002011-08-02T16:55:38.274-07:00M
He called 1650 but did not call it for which yea...M<br />He called 1650 but did not call it for which year until he tried to do that million dollar deal 2-3 years ago but found no one do it with.<br /><br />Anyways like FOFOA says, trying to time the market is a fools game.<br /><br />None the less, his gold top call in the 80's and this call are still very impressive.<br /><br /><br />Onwards and upwards with the price of gold until its Mikehttps://www.blogger.com/profile/17801046198211810990noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-41980995577862789302011-08-02T16:28:32.638-07:002011-08-02T16:28:32.638-07:00@ Mike
I believe Sinclair made that call 10 years...@ Mike<br /><br />I believe Sinclair made that call 10 years ago, not 2 or 3 years ago. That is what somebody is saying at zerohedge.Mhttps://www.blogger.com/profile/14298632737279907377noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-53494074157387210992011-08-02T13:17:49.671-07:002011-08-02T13:17:49.671-07:00Michael here...for some reason I cannot post as ay...Michael here...for some reason I cannot post as aynthing other than "Unknown"...signed out and back in to no use...<br />So the response to the great 'deal' is in DOW down 222 and gold up more than I've seen it go up in a day...<br />Not to be trivial but this feels significant.Unknownhttps://www.blogger.com/profile/09872545972593748769noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-21881690603950494792011-08-02T12:47:51.372-07:002011-08-02T12:47:51.372-07:00So Jim Sinclair gets his 1650 today. Be it 8 mont...So Jim Sinclair gets his 1650 today. Be it 8 months later almost but still a great call that he made a 2-3 years ago.<br />From what i remember he said he would leave once it reached that number. lets see.Mikehttps://www.blogger.com/profile/17801046198211810990noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-22312537807735647932011-08-02T12:38:34.608-07:002011-08-02T12:38:34.608-07:00One of Jim Sinclairs' 'angels' just go...One of Jim Sinclairs' 'angels' just got its wings. Hello 1650. And I see 1000 price level in sterling is history.Jeffhttps://www.blogger.com/profile/08785185950964767294noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-47616752157794698412011-08-02T05:56:20.821-07:002011-08-02T05:56:20.821-07:00Blondie wrote:
"The presence of such an exch...Blondie wrote:<br /><br />"The presence of such an exchange would have made a world of difference back in Sept '08."<br /><br />I'm sure that's true, but, equally, there may not have been an '08 were different mechanisms in place, and it also occurs to me that '08, and all that it ushered in, needed to happen to give birth to the PAGE.Edwardohttps://www.blogger.com/profile/03613197383283896190noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-86991465144511577672011-08-02T04:24:31.775-07:002011-08-02T04:24:31.775-07:00A glance at the PAGE page shows they allow margin....A glance at the PAGE page shows they allow margin. Leverage is present. <br /><br />Gold coins sell out in Libson: <br /><br />http://www.bloomberg.com/news/2011-08-01/gold-coins-selling-out-in-downtown-lisbon-as-biggest-wager-sees-11-gain.htmlJeffhttps://www.blogger.com/profile/08785185950964767294noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-63910916379201149312011-08-02T03:52:49.053-07:002011-08-02T03:52:49.053-07:00If PAGE trades only allocated gold as it appears i...<i>If PAGE trades only allocated gold as it appears it will,</i> then it is a <b>physical gold price discovery market.</b> <br /><br />This is the function of importance. <br /><br />Currently the “gold price” is discovered via a <i>paper</i> gold price discovery market. This is fine if you are trading paper, as you know the current market price, but you don’t have to trade your paper on <i>that Piripihttps://www.blogger.com/profile/03271512349186616514noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-2896229058528913752011-08-02T00:28:16.346-07:002011-08-02T00:28:16.346-07:00Hi sean,
In that interview with Max Keiser NNL re...Hi sean,<br /><br />In that interview with Max Keiser NNL remarked that the Hong Kong exchange was a paper market like the Comex and part of the same trading regime. A damp “squib” (firecracker) in terms of impact on the market. You might not be far from the truth if you looked upon the HK exchange as a fact finding mission for Beijing – “If you know your enemy and know yourself, you need not costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-19314999453875840202011-08-02T00:24:20.524-07:002011-08-02T00:24:20.524-07:00Hi Paul I,
So the question is more Does the avera...Hi Paul I,<br /><br /><i>So the question is more Does the average Indian or Chinese believe gold has a "limit price"?</i><br /><br />What does their gold purchasing pattern from the last decade tell us about India? Their average annual spend in rupees (not weight) has been consistent regardless of price. FWIW I think the Chinese market will demonstrate the same behaviour.<br /><br /><i>costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-54389935430358782462011-08-02T00:22:45.004-07:002011-08-02T00:22:45.004-07:00Hi Joel,
Is there any way to get our arms around ...Hi Joel,<br /><br /><i>Is there any way to get our arms around the size of the total purchasing power of the Chinese that are actually likely to participate in the exchange?</i><br /><br />On the retail level it depends what the Chinese banks have in mind - particularly the Agricultural Bank of China. Up till now their gold bullion sales were subject to the same logistical issues that plague any costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.com