tag:blogger.com,1999:blog-4490468598422095060.post3562729495050554728..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: Forum 201FOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger198125tag:blogger.com,1999:blog-4490468598422095060.post-27312942493000605242011-04-26T02:23:40.736-07:002011-04-26T02:23:40.736-07:00Hello Victor (et al!) -- I hope you have enjoyed t...Hello Victor (et al!) -- I hope you have enjoyed the long weekend?<br /><br />Thank you very much for the <a href="http://www.youtube.com/watch?v=UbpWBDfpUBA" rel="nofollow">love letter</a> you sent Jeff and I. I feel you are absolutely right that COMEX is only the tail that wags the price of the whole dog. I am obviously still being a little dim, because I didn't see where you cleared up theDPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-79005232925119494932011-04-22T23:18:38.951-07:002011-04-22T23:18:38.951-07:00DP and Jeff,
you asked why you cannot create synt...DP and Jeff,<br /><br />you asked why you cannot create synthetic supply using COMEX futures. Please see <a href="http://victorthecleaner.wordpress.com/2011/04/23/synthetic-supply-of-gold/" rel="nofollow">here</a> for my reply.<br /><br />Also, I think that COMEX is overrated in gold and silver-bug circles. The amount of gold and silver that go through COMEX is less than 2% of the annual Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-59481338556066951052011-04-22T15:53:53.017-07:002011-04-22T15:53:53.017-07:00FOFOA;
I wonder what your thoughts are on the fol...FOFOA;<br /><br />I wonder what your thoughts are on the following. Interesting piece on the GSR during Weimar. Tracked close to 15 until October 15, 1923, when it soared to 160. The data set ended a couple of days later. The author apparently checked with Rob Kirby (first rate IMHO) who confirmed its accuracy.<br /><br />October 23rd, 1923, saw the communist uprising in Hamburg which was quicklyUnknownhttps://www.blogger.com/profile/13880789809815010130noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-88233994892129118832011-04-21T09:55:20.731-07:002011-04-21T09:55:20.731-07:00Hah! DP. I know you were being facetious, but silv...Hah! DP. I know you were being facetious, but silver nuggets are rarely found in alluvial deposits. I have some sexy electrum nuggets, just under 3 ounces. Very rare as specimens. I should almost upload a pic to show you guys. Might please both the silver guys and us gold lovers, due to its nature and composition. They're quite beautiful, but gold nuggets are much sexier:) <br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-44079405261978919772011-04-21T04:42:25.381-07:002011-04-21T04:42:25.381-07:00I don't suppose anyone out there has by any ch...I don't suppose anyone out there has by any chance come across a YouTube video clip of desperate Zimbabweans panning for silver, so that they can buy some bread?DPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-688161855933235612011-04-21T04:38:51.144-07:002011-04-21T04:38:51.144-07:00Well, I won't need to choose. Because I will o...Well, I won't need to choose. Because I will only have, in any meaningful way, the one that will always be best suited to my requirements. The one that I already know somebody else <b>will</b> want to buy from me. <a href="http://www.youtube.com/watch?v=RzVJqC8mdrg" rel="nofollow">Always and forever.</a>DPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-52959408957443533222011-04-21T03:15:35.537-07:002011-04-21T03:15:35.537-07:00@DP, how clever you are! I guess you must have pa...@DP, how clever you are! I guess you must have paid more attention to Sesame Street than I did. But you can't seem to keep your attention focused thought a single paragraph that I wrote. In TEOTWAWKI I would want to have both PM's and then I would be able to choose between the two depending on which was better suited for the task at hand.Desperadohttps://www.blogger.com/profile/16215858025835016523noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-82032719599108636432011-04-21T00:42:20.363-07:002011-04-21T00:42:20.363-07:00Desperado, in the case of TEOTWAWKI that you appea...Desperado, in the case of TEOTWAWKI that you appear to expect... where exactly will the silverbugs get their cash that they will continue to use in propping up the price of silver through their sustained buying? Or, will they instead be forced sellers?<br /><br />Can you foresee a different dynamic at work in the gold market?<br /><br /><a href="http://www.youtube.com/watch?v=Ect-kgxBb4M" rel="DPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-34222196760706994892011-04-20T14:53:40.502-07:002011-04-20T14:53:40.502-07:00@Indenture
"do you really believe that from ...@Indenture<br /><br /><i>"do you really believe that from this snap shot moment in time if all precious metal paper burned and only 'use' was remaining the final price of Silver would rise in a factor greater than the final price of Gold?"</i><br /><br />To quote Pipe: <i>"Beats me."</i><br /><br />As an owner of both gold and silver I would say this: <i>"bewareDesperadohttps://www.blogger.com/profile/16215858025835016523noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-48321793004905682292011-04-20T14:30:34.103-07:002011-04-20T14:30:34.103-07:00DP said:
From my view, the very best thing about ...DP said:<br /><br /><i>From my view, the very best thing about Freegold is that nobody has to change very much about what they do already.</i><br /><br />I see that too!<br /><br />and as a reminder,<br /><br /><i>...these evolutionary steps are long and drawn out affairs...</i><br /><br /><br />I will also add that, with the opposing viewpoints and arguments floating around freely, the comments julianhttps://www.blogger.com/profile/07723030384717346108noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-68233321500868566882011-04-20T14:14:15.172-07:002011-04-20T14:14:15.172-07:00Monetary Transmission in Dollarized
and Non-Dollar...Monetary Transmission in Dollarized<br />and Non-Dollarized Economies:<br />The Cases of Chile, New Zealand,<br />Peru and Uruguay<br /><br />http://www.imf.org/external/pubs/ft/wp/2011/wp1187.pdf<br /><br />"Summary: The paper conducts a COMPARATIVE STUDY of the monetary policy transmission in two economies that run a well-established IT regime, Chile and New Zealand, vis-à-vis two @mortymer001https://www.blogger.com/profile/13047624328777522777noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-17026296282654131252011-04-20T13:51:34.540-07:002011-04-20T13:51:34.540-07:00Desperado: Since you know both the 'price of g...Desperado: Since you know both the 'price of gold' and the 'price of silver' as quoted by Kitco are just representations of the Fractional Lending Practices of The Bullion Banks (paper precious metals in all their forms) do you really believe that from this snap shot moment in time if all precious metal paper burned and only 'use' was remaining the final price of Silver Indenturehttps://www.blogger.com/profile/01765884399143814933noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-40440504469952963252011-04-20T13:50:49.170-07:002011-04-20T13:50:49.170-07:00Specifically his 2nd paragraph. I would have poste...Specifically his 2nd paragraph. I would have posted a link, but isn't blogger usually unkind to that?Nickhttps://www.blogger.com/profile/17775808828525671894noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-89540107189231058282011-04-20T13:49:09.192-07:002011-04-20T13:49:09.192-07:00This is from an interview with Jim Sinclair which ...This is from an interview with Jim Sinclair which seems somewhat close to Freegold. correct me if I'm wrong as I'm still learning :)<br /><br />Jim Sinclair: The end game is a virtual reserve currency linked to gold. It will be based on an average of major currencies, which will slow down the movement in the index. The International Monetary Fund (IMF) is moving in that direction with Nickhttps://www.blogger.com/profile/17775808828525671894noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-78974548899177119762011-04-20T12:58:05.263-07:002011-04-20T12:58:05.263-07:00@Texan: "Less than 1% of 1% probably owns mo...@Texan: <i>"Less than 1% of 1% probably owns more than an ounce, and that is in the US."</i><br /><br />That is the key. Just compare to silver possession: <br /><br /><a href="http://www.zerohedge.com/article/eric-sprott-expect-gold-silver-ratio-hit-single-digits" rel="nofollow">Eric Sprott: "Expect The Gold To Silver Ratio To Hit Single Digits"</a><br /><br /><i>"...Desperadohttps://www.blogger.com/profile/16215858025835016523noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-55383621115583494932011-04-20T12:34:00.070-07:002011-04-20T12:34:00.070-07:00Pipe,
You didn't understand me. There isn...Pipe,<br /><br />You didn't understand me. There isn't really any gold now for day to day economic transactions, and there won't be any gold in the future at higher prices.<br /><br />Because the baker has bills to pay in USD, or euros, or venezuean bolivars, the baker will accept the same currency.<br /><br />Look, gold has already increased about 500% since the lows. And yet no Texanhttps://www.blogger.com/profile/02676648339246724302noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-13405441828837192802011-04-20T10:45:52.694-07:002011-04-20T10:45:52.694-07:00"The world of today without doubt does need c..."The world of today without doubt does need credit of some form or another, but it needs to be responsibly managed in some way. The management needs to be imposed on the issuer by some outside force, or at least a guiding hand of self-interest (which Freegold does provide, by the way and in case anybody hasn't noticed)." DP <br /><br />"What stands in the way, besides the Indenturehttps://www.blogger.com/profile/01765884399143814933noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-89938427802701036892011-04-20T09:47:32.472-07:002011-04-20T09:47:32.472-07:00And with that, it was Home Time.
I'm sure som...And with that, it was Home Time.<br /><br />I'm sure someone else will be happy to step in and pick up this baton later, if it is called for.<br /><br />So it's good night from him.DPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-39895924492630633662011-04-20T09:33:01.671-07:002011-04-20T09:33:01.671-07:00@Terry
Which of your nuts and bolts are left unsa...@Terry<br /><br />Which of your nuts and bolts are left unsatisfied by your current understanding of Freegold? From my view, the very best thing about Freegold is that nobody has to change very much about what they do already. Some people will choose to change nothing at all and that's just dandy by me. Perhaps I am missing something.<br /><br />The way I see it, <b>RBD is a bolt-on to the DPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-86779789503877180372011-04-20T08:52:56.696-07:002011-04-20T08:52:56.696-07:00DP,
Freegold doesn't address the nuts and bolt...DP,<br />Freegold doesn't address the nuts and bolts enought to satisfy me. Nor does the RBD not address the store of value enough to suit me.Terryhttps://www.blogger.com/profile/05028908379566855842noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-25921186083400703162011-04-20T08:49:35.658-07:002011-04-20T08:49:35.658-07:00BTW Terry I, just for one, will also be keenly int...BTW Terry I, just for one, will also be keenly interested in your thoughts on why Freegold (sans Real Bills) <i>won't</i> be an acceptable monetary system? Perhaps you have a valid downside angle that I haven't considered yet? Perhaps not.DPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-79976777309006842052011-04-20T08:49:32.850-07:002011-04-20T08:49:32.850-07:00DP,
I don't see a conflict between the two. Th...DP,<br />I don't see a conflict between the two. The RBD is designed to expedite commerce, making a system of settlement. Gold will have to have receipts so as to not restrict the flow. We already know that gold is an inferior medium of exchange, which is why we are divorcing the store of value from the medium of exchange. The RBD would seem to be that fiat part of freegold left standing Terryhttps://www.blogger.com/profile/05028908379566855842noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-61859412709989832742011-04-20T08:43:58.665-07:002011-04-20T08:43:58.665-07:00pipe: Beats me.
Sure does. (Apologies -- I just c...pipe: <i>Beats me.</i><br /><br />Sure does. (Apologies -- I just couldn't <i>not</i> shoot at this wide open goal buddy! I'm sure you'll understand that... ;-) )<br /><br />However, with this simple pair of words you have just gone up in my estimation, and I'm sure others too. Congratulations my friend.<br /><br />Perhaps at this point you would like to run us through how you seeDPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-77595693005667123162011-04-20T08:37:01.069-07:002011-04-20T08:37:01.069-07:00Hi Terry,
Perhaps you would like to flesh-out how...Hi Terry,<br /><br />Perhaps you would like to flesh-out how that could operate then?<br /><br />I'll be especially interested in the aspect of how it might evolve from the status quo, rather than require a change of practise for people?DPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-75160926875819752092011-04-20T08:36:36.449-07:002011-04-20T08:36:36.449-07:00dp-"After they have been taken through a life...dp-"After they have been taken through a life-changing experience that demonstrates to them the real value of gold and why their forefathers valued it so much in the dim and distant past... perhaps. Until then, there won't be the political will to bring it on."<br /><br />The 'life-changing experience' is happening now, and it looks like it will be over within a year, in pipehttps://www.blogger.com/profile/05089975200066257716noreply@blogger.com