tag:blogger.com,1999:blog-4490468598422095060.post8240393148960547457..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: Gold: The Ultimate Wealth ReserveFOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger46125tag:blogger.com,1999:blog-4490468598422095060.post-25388382241454828522011-03-03T17:48:38.619-08:002011-03-03T17:48:38.619-08:00First (of many) FOFOA Hall of Fame posts, and the ...First (of many) FOFOA Hall of Fame posts, and the first to really stitch together a lot of very macro level thoughts. It foreshadows future posts in that explaining these difficult concepts is best done using simplified examples. FOA rocks too.Ore em'https://www.blogger.com/profile/07882657542564001528noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-31906079806045522362010-04-24T02:08:25.152-07:002010-04-24T02:08:25.152-07:00I would prefer silver over gold due to the gold-si...I would prefer silver over gold due to the gold-silver ratio as well.<br />Silver is currently 63x less expensive than gold. That's a bargain.<br />www.thesilvermountain.nlRolfhttps://www.blogger.com/profile/03609628699271897048noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-68483327087916839792010-01-07T12:57:40.593-08:002010-01-07T12:57:40.593-08:00To complete the pie analogy, we need to add dollar...To complete the pie analogy, we need to add dollars as apple pie (American as apple pie) and other currencies (the pound could be a British meat pie) along with other pies to represent other assets. <br /><br />If pecan pie will eventually hold most or all of the value in the world, there is value in holding a percentage share of pecan pie regardless of its current value in terms of either David Alexanderhttps://www.blogger.com/profile/06980963650678281323noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-45950948565139118172010-01-03T05:43:54.538-08:002010-01-03T05:43:54.538-08:00And as a group we measure the two sides against ea...<i>And as a group we measure the two sides against each other as time passes to make sure that the present and future division of the real physical world matches up with the currency and wealth scheme we are running parallel to it.</i> <br /><br />Correct. Over a short time span we measure physical objects against each other through money, while over time we measure the two sides of the fence Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-44557877253235259782010-01-02T04:32:55.739-08:002010-01-02T04:32:55.739-08:00After reading your discussion about the monetary v...After reading your discussion about the monetary value of gold and silver:<br /><br />I agree with FOFOA that Silver is more commodity-related than monetary-related on this moment. The same argue for Platinum, Palladium and Rhodium, it’s more industry-related.<br /><br />The volume of the total reserves of silver is so big, that the value will not rise so much on the long term. Only a sharp rise Unknownhttps://www.blogger.com/profile/09196802077456104331noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-73313624572184803892010-01-02T00:45:28.810-08:002010-01-02T00:45:28.810-08:00Raptor,
My opinion on this matter is that all of ...Raptor,<br /><br />My opinion on this matter is that all of your arguments are exactly what FOA was warning against when he said "perceived leverage". Things like...<br /><br /><i>"Most of the info I've read on silver shows that <b>silver is nearing depletion in the next ~10y</b>... my point is that long term <b>silver can outrun gold percentage wise</b>, even if the gold is FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-66195763334303795302010-01-01T23:23:39.886-08:002010-01-01T23:23:39.886-08:00I think gold-atoms in coins is non-starter... In g...I think gold-atoms in coins is non-starter... In general i don't think coins with less than 99% purity to be very feasible.. no easy way to distinguish fakes... unless the gold-coin becomes also legal tender i.e. faking of them punishable by law.. I think they are nonstarter.<br /><br />Under freeGold system I don't think X% purity-coins will become widely used. <br /><br />I myself raptorhttps://www.blogger.com/profile/11472558794377090197noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-28611650786186003132010-01-01T23:03:21.753-08:002010-01-01T23:03:21.753-08:00raptor,
FWIW I think the projections of silver be...raptor,<br /><br />FWIW I think the projections of silver becoming extinct "in the wild" are decades from now rather than years.<br /><br />At some point I think that the price of silver has to go up to a level where recycling becomes the norm rather than something that is confined to the photo processing labs.<br /><br />I think the key points that were being considered in that costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-76740956171372409012010-01-01T19:01:49.291-08:002010-01-01T19:01:49.291-08:00Most of the info I've read on silver shows tha...Most of the info I've read on silver shows that silver is nearing depletion in the next ~10y... my point is that long term silver can outrun gold percentage wise, even if the gold is the monetary metal.<br /><br /><br />In short term i think silver will also beat gold percentage wise, it will just be more volatile ... i.e depending when you buy and sell you can lose more OR make more ;)<br />raptorhttps://www.blogger.com/profile/11472558794377090197noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-31970426512715191922010-01-01T01:35:04.303-08:002010-01-01T01:35:04.303-08:00For JR
I took a stab at your question in the ope...<a href="http://fofoa.blogspot.com/2009/12/open-forum.html?showComment=1262305564761#c147404884117305600" rel="nofollow">For JR</a> <br /><br />I took a stab at your question in the open forum a couple weeks ago but forgot to post it until today. :)FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-47917173558940859032010-01-01T01:32:09.456-08:002010-01-01T01:32:09.456-08:00...
"the ECB has no intentions of backing th......<br /><br /><i>"the ECB has no intentions of backing their currency with gold and every intention of using gold as a "free trading" financial reserve. None of the other metals will play a part in this.<br /><br />Again IMO this makes sense if the Euro is the ultimate victor in this contest."</i> <br /><br />Two of the mistakes many people make when interpreting these FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-38160304710378182772010-01-01T01:28:33.114-08:002010-01-01T01:28:33.114-08:00Hello Costata,
As requested, here are some of my ...Hello Costata,<br /><br />As requested, here are some of my Thoughts on your comments...<br /><br /><i>""There,,,, in that destruction of paper,,,,, anything with leveraged perception attached will tarnish,,,, silver included (smile)."<br /><br />This seems to be inconsistent. Destroying the leveraged paper market for gold BENEFITS gold but destroying the leveraged paper market forFOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-54291692882980377382010-01-01T00:34:17.885-08:002010-01-01T00:34:17.885-08:00FOFOA,
More on silver. Your analysis would be gre...FOFOA,<br /><br />More on silver. Your analysis would be greatly appreciated. Naturally, any insights from other contributors are welcome.<br /><br />http://www.usagold.com/goldtrail/archives/goldtrailfive.html<br /><br />"FOA (08/09/01; 10:27:19MT - usagold.com msg#93)<br />"everything to do with a gold bull market"<br /><br />This not only has "everything to do with a gold costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-5095745674606603212010-01-01T00:04:50.760-08:002010-01-01T00:04:50.760-08:00Hello FOFOA,
Thank you for the extract. Something...Hello FOFOA,<br /><br />Thank you for the extract. Something troubles me about FOA's logic and arguments about silver.<br /><br />If we take for granted that both gold and silver are fractionally reserved through the paper markets then:<br /><br />"You see, price inflation will not be the initial driving factor for gold. No, it will be a realignment of the gold price discovery system.&costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-34959934249841599632009-12-31T18:45:37.996-08:002009-12-31T18:45:37.996-08:00That day, when gold first hits $5,000,,,, we will ...<i>That day, when gold first hits $5,000,,,, we will all see something "not as before". You see, price inflation will not be the initial driving factor for gold. No, it will be a realignment of the gold price discovery system. There,,,, in that destruction of paper,,,,, anything with leveraged perception attached will tarnish,,,, silver included (smile). Then,,,, after that value FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-14120991602249337792009-12-31T18:44:38.876-08:002009-12-31T18:44:38.876-08:00And here's the full context...
FOA (01/10/01;...And here's the full context...<br /><br /><i><b>FOA</b> (01/10/01; 17:50:30MD - usagold.com msg#53)<br /><br />Silver, you ask? <br /><br />Same old song for a brand new generation, all ready to hear those wore out verses being sung once again. It seems it doesn't make any difference that silver has failed every MODERN human attempt to include it in hard money use and thought. Yes, just FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-17423706818379094212009-12-31T18:43:11.563-08:002009-12-31T18:43:11.563-08:00Costata,
Here are the FOA "atom" quote...Costata, <br /><br />Here are the FOA "atom" quotes. I think they are appropriate to this post... <br /><br /><i>"The point made here is that gold has no set currency price and never has. In fact, we don't even need any more gold produced! All the gold in the world could easily convert all the currency, bank accounts and wealth in existence into gold value,,,,,,, at some FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-74781717169227352902009-12-31T17:57:19.519-08:002009-12-31T17:57:19.519-08:00Gody, Ishkabibble
Interesting posts. Thank you. Y...Gody, Ishkabibble<br /><br />Interesting posts. Thank you. You might want to read this:<br /><br />The Royal Scam<br />http://www.oftwominds.com/blogaug09/KaPoom2CHS.htm<br /><br />FOFOA,<br /><br />Do you recall a post by FOA where he discussed the gold vs silver issue in terms of the near infinite divisibility of gold?<br /><br />I think he suggested that if necessary atoms of gold can be costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-26826237647187258182009-12-31T17:54:41.923-08:002009-12-31T17:54:41.923-08:00Ishkabibble,
Very insightful post. Goes in line w...Ishkabibble,<br /><br />Very insightful post. Goes in line with what I believe they do and will continue to do to the "no ones"Unknownhttps://www.blogger.com/profile/07652247023322641250noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-32920143298850074512009-12-31T11:37:12.101-08:002009-12-31T11:37:12.101-08:00If you appreciated my last post, this one will lik...If you appreciated my last post, this one will likely be of interest as well.<br /><br /><a href="http://www.goldismoney.info/forums/showthread.php?t=436313" rel="nofollow">Waiting for SHTF? It's here.</a>Ishkabibblehttps://www.blogger.com/profile/18354278076105529660noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-19527731839977407202009-12-31T08:38:27.742-08:002009-12-31T08:38:27.742-08:00@Gody 12:34
I am glad you liked my post Gody. I ...@Gody 12:34<br /><br />I am glad you liked my post Gody. I am aka Ishkabibble. :)<br /><br />Applying the model you linked, future value of Ag and Au can be seen steadily rising for some time. Armstrong, Alf, A, FOA, FOFOA... are all proven right. <br /><br />The model I posted on GIM lacks any form of sensationalism, such as is often seen in the predictions. It's based on history, whichIshkabibblehttps://www.blogger.com/profile/18354278076105529660noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-53478765061554067032009-12-31T07:35:19.489-08:002009-12-31T07:35:19.489-08:00FOFOA,
The one glaring flaw in the free gold conc...FOFOA,<br /><br />The one glaring flaw in the free gold concept is that it is by itself a one worlder concept. The very uniqueness of the individual fiat - at least as far as the US$ goes - is the flexibility it affords (ed) in perpetuating the debt backed money scheme. While almost no one would disagree that the scheme has run its course it is tantamount to full scale capitulation (flying the Shttps://www.blogger.com/profile/05174134063094011064noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-62485778063596353502009-12-31T01:55:16.016-08:002009-12-31T01:55:16.016-08:00FOFOA,
This is what I meant.
"how much is m...FOFOA,<br /><br />This is what I meant.<br /><br /><i>"how much is my slice of PECAN pie worth in PUMPKIN pie?" </i><br /><br />By making it clear, we can know that it is pecan pie vs Pumpkin pie.<br /><br />Which is why I said <i>gold will still be gold</i>. As in the more Pecan pie I have, the more wealthier I am in obtaining Pumpkin pie. As the saying goes, we are now comparing Unknownhttps://www.blogger.com/profile/07652247023322641250noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-85823652282443192932009-12-31T01:38:12.544-08:002009-12-31T01:38:12.544-08:00Nice discussions here, thx, keep up the informativ...Nice discussions here, thx, keep up the informative works !<br /><br />@FOFOA,<br /><br />Again a good piece !<br /><br />Indeed WANTS & NEEDS is all that finaly counts. <br /><br />Just one need to make a the clear rational fence between the two. <br /><br />Enjoy the pies & the last day of the old year.<br /><br />ShantiShantihttps://www.blogger.com/profile/00961567177091565100noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-15771504761858913632009-12-31T00:43:09.060-08:002009-12-31T00:43:09.060-08:00FOFOA,
Every time I revisit the archives I am stu...FOFOA,<br /><br />Every time I revisit the archives I am stunned by how clear and far sighted the analysis was in the discussions between FOA and other forum participants.<br /><br />A few hours from the beginning of the last year of the decade, this from ORO and FOA in the first. <br /><br />"ORO (10/24/00; 23:00:45MT - usagold.com msg#: 39827)<br />Trail Guide and Traveler - bankers costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.com