tag:blogger.com,1999:blog-4490468598422095060.post8669661105384985456..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: Open ForumFOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger93125tag:blogger.com,1999:blog-4490468598422095060.post-88547069055027505652010-06-01T06:01:15.084-07:002010-06-01T06:01:15.084-07:00>>I also see no reason, why B will not sell ...>>I also see no reason, why B will not sell more cows to A. He will sell, but he will not lend him. He will sell for gold, not for IOU.<br /><br />If I was B I would go over and punch A on the nose and take his remaining gold coin.mikedhttps://www.blogger.com/profile/13981067672117897379noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-91353973728955795482010-06-01T04:15:51.445-07:002010-06-01T04:15:51.445-07:00Big sell off is unrealistic.
- Debt destruction
- ...Big sell off is unrealistic.<br />- Debt destruction<br />- There are problems with all fiat currencies<br />- CBs are buying<br />- Bonds, equities, money markets more risky<br />- Value of gold as investment rose internationally<br />- East buying<br />- Change in mentality into savers<br />=> There are already quite few with deep pockets who will use bug sell off as great opportunity. <br /@mortymer001https://www.blogger.com/profile/13047624328777522777noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-64568424237150697132010-06-01T02:59:28.137-07:002010-06-01T02:59:28.137-07:00Of course cows are consumed. Because A is consumer...Of course cows are consumed. Because A is consumer. I see no flaw here.<br /><br />I also see no reason, why B will not sell more cows to A. He will sell, but he will not lend him. He will sell for gold, not for IOU.<br /><br />"Future cows will not cost so little :)"<br /><br />Me thinks the same, but as i understood, this is the price suggested by FOFOA and defended by some others.stibothttps://www.blogger.com/profile/04496901575312017807noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-60484476349655884532010-06-01T02:45:31.352-07:002010-06-01T02:45:31.352-07:00I see a flaw in that argument Stibot. Those cows a...I see a flaw in that argument Stibot. Those cows are already consumed.<br /><br />Future cows will not cost so little :) although B will not sell any more cows to A for sure!mikedhttps://www.blogger.com/profile/13981067672117897379noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-82183133887237812242010-06-01T02:28:00.620-07:002010-06-01T02:28:00.620-07:00Let's have a World, where live 3 people (3 cou...Let's have a World, where live 3 people (3 countries if you like): A, B, C. Each of them has 5 oz and 5 cows.<br /><br />1. Now A buys from B 4 cows, pays 4 ozs and eats the cows.<br />2. B grows another 4 cows.<br />3. A having no cow and last coin, borrows 4 oz from B (writing him IOU) and using those 4 oz he buys again another 4 cows.<br />4. It goes for another 80 years so<br />- A has 1 stibothttps://www.blogger.com/profile/04496901575312017807noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-36750366323616971922010-06-01T02:25:11.952-07:002010-06-01T02:25:11.952-07:00This comment has been removed by the author.stibothttps://www.blogger.com/profile/04496901575312017807noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-6709607967436471172010-06-01T02:00:58.520-07:002010-06-01T02:00:58.520-07:00Maybe I am wrong Martin but I don't think so. ...<i>Maybe I am wrong Martin but I don't think so.</i> <br /><br />You are not wrong, but the current price of gold (to which you reference) is most likely determined by a whole lot of paper trading (unless the market is really as clever as to have factored that in).Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-35362761346058994672010-06-01T01:52:05.217-07:002010-06-01T01:52:05.217-07:00just to let you know....
I have been studying Ano...just to let you know....<br /><br />I have been studying Another/FOA for over 18 Months as well as following FOFOA's blog for about 15 months. and believe me i geddit & i thank FOFOA for the clarity....<br /><br />i am all out of "paper"! and have been a while now<br /><br />recently, i have got my elderly parents nearly all out as well! <br /><br />i also like FDRAlloveragain, golden tubehttps://www.blogger.com/profile/15579378123165882688noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-45200299184581373732010-06-01T01:37:51.538-07:002010-06-01T01:37:51.538-07:00watch the interview in my post above & this gu...watch the interview in my post above & this guy is a fund manager.....<br /><br />freegold pre-emptiongolden tubehttps://www.blogger.com/profile/15579378123165882688noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-40762945836790185992010-06-01T01:36:49.866-07:002010-06-01T01:36:49.866-07:00Costata
You said: "(i) Write off the debts t...Costata<br /><br />You said: <i>"(i) Write off the debts to a level that can be repaid over time.<br /><br />This would mean a loss for the lenders ie. bankers and financiers. Their response has been to refuse to accept this and to use lobbyists to persuade Govt to bail them out.<br /><br />(ii) Issue enough fiat currency to repay the debts.<br /><br />This will satisfy the debts on paper mikedhttps://www.blogger.com/profile/13981067672117897379noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-1547417577922735822010-06-01T01:33:14.628-07:002010-06-01T01:33:14.628-07:00Gold at $36,000 Not as Ridiculous as It Sounds?
h...Gold at $36,000 Not as Ridiculous as It Sounds?<br /><br />http://www.cnbc.com/id/37352471<br /><br />in the MSMgolden tubehttps://www.blogger.com/profile/15579378123165882688noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-90396349197690942992010-06-01T01:26:37.476-07:002010-06-01T01:26:37.476-07:00Maybe I am wrong Martin but I don't think so. ...Maybe I am wrong Martin but I don't think so. Here is the source:<br /><br />http://en.wikipedia.org/wiki/Gold_reserve<br /><br /><i>"It has been estimated that all the gold mined by the end of 2009 totaled 165,000 tonnes.[2] At a price of US$1000/oz., exceeded in 2008 and 2009, one tonne of gold has a value of approx. US$32.15 million. The total value of all gold ever mined would mikedhttps://www.blogger.com/profile/13981067672117897379noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-16465591098690271182010-06-01T01:24:47.659-07:002010-06-01T01:24:47.659-07:00dojufitz,
Glad you liked it. Thanks.
golden tube...dojufitz,<br /><br />Glad you liked it. Thanks.<br /><br />golden tube,<br /><br />That's a reasonably close description of the Freegold part of the concept that was brought to us by A/FOA and with even greater clarity by FOFOA.<br /><br />If you read the posts in FOFOA's archive on the Euro you will have the remaining pieces of the puzzle. Hint: the Euro was <b>intentionally designed</b>costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-32074494394964391062010-06-01T00:42:42.202-07:002010-06-01T00:42:42.202-07:00@Costata
@Mark_BC
Thanks for your responses
Ok he...@Costata<br />@Mark_BC<br /><br />Thanks for your responses<br />Ok here is what I believe<br />I think we will have price deflation in the things we don’t need but “want”, because most people “buy” those things on “credit” ( which of course is debt )<br />Which means that the US Dollar/Euro/Pound denominated “price” will start to slide downwards, I think this could be even the same for gold golden tubehttps://www.blogger.com/profile/15579378123165882688noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-1481294903862167902010-06-01T00:24:07.570-07:002010-06-01T00:24:07.570-07:00Around 1900 gold was worth 19$ (http://www.nma.org...<i>Around 1900 gold was worth 19$ (http://www.nma.org/pdf/gold/his_gold_prices.pdf) and the Dow 30 was worth about 50. So if we bring that forward to today gold would have risen 200 times to 3800. But since the amount of gold in the world today is 5 times more (http://www.goldsheetlinks.com/production2.htm) a price of 3800/5 would apply. That's 760$.</i> <br /><br />You are correct that the Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-91109293044540644432010-06-01T00:21:34.852-07:002010-06-01T00:21:34.852-07:00Please take the time to read the archives so that ...<i>Please take the time to read the archives so that we can move on. FOFOA (bless him) cannot spoon-feed every new reader. As much as he wishes to help and inform others his time is very valuable to himself and the others who read this blog.<br />Please just remember the quote "It's the Debt, Stupid".<br />No impairment intended to you personally.</i><br /><br />So don't be stibothttps://www.blogger.com/profile/04496901575312017807noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-79453739211718426062010-05-31T23:46:43.027-07:002010-05-31T23:46:43.027-07:00Costata,
your comments for golden tube....
that...Costata,<br /><br />your comments for golden tube....<br /><br /><br />that was it in a nutshell.dojufitzhttps://www.blogger.com/profile/08342573668079769637noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-5405335465634357622010-05-31T20:50:28.568-07:002010-05-31T20:50:28.568-07:00Mark_BC,
Cute miked - now factor in extractable C...Mark_BC,<br /><br />Cute miked - now factor in extractable Canadian gold in the ground, trade balances, currency exchange rates and capital flows. Then you might start to get closer to something more realistic.<br /><br />If gold priced in Canadian dollars did get to the ridiculous level in your simplistic calculation <b>where would the rest of the world's gold flow to?</b><br /><br />Canada,costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-40294036060099925672010-05-31T19:41:14.153-07:002010-05-31T19:41:14.153-07:00Well I'm Canadian so I hope so! We only have 3...Well I'm Canadian so I hope so! We only have 3.4 tonnes? That's ridiculous!<br /><br />Actually, I am wondering what capital gains tax I will need to pay. Unfortunately for a lot of my purchase (about half) it was of a size that got reported to the government ($3000 limit). This could work out to a huge tax if gold goes through the roof. If it doesn't go that high the gains could be Mark_BChttps://www.blogger.com/profile/10572510300311550473noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-76713249106176198842010-05-31T19:16:02.129-07:002010-05-31T19:16:02.129-07:00fofoa
you mention this...
It is a workable soluti...fofoa<br /><br />you mention this...<br />It is a workable solution but to solve this problem gold needs to be revalued to an amount equal to the debt it is replacing. This may lead to a much higher price for gold in many currencies.<br /><br />just using the formula to calculate the gold price for the US using est 14 trillion to 8000 tonnes gives us roughly 50k.<br /><br />if you do the same Mikehttps://www.blogger.com/profile/17801046198211810990noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-39532951094204944952010-05-31T18:17:28.753-07:002010-05-31T18:17:28.753-07:00golden tube, that is a deflationary spiral which h...golden tube, that is a deflationary spiral which he is describing, with bank created money drying up due to foreclosures so there is less money in the system and then assets get cheaper. That would be good advice in the 1930's but now the debt is near the breaking point and the viability of the currency is at risk. This deflation results in less tax revenue to the government and it goes even Mark_BChttps://www.blogger.com/profile/10572510300311550473noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-55440324225662894702010-05-31T17:29:54.479-07:002010-05-31T17:29:54.479-07:00golden tube,
Please listen to this interview at K...golden tube,<br /><br />Please listen to this interview at King World News. Felix Zulauf is a wise man.<br /><br />http://kingworldnews.com/kingworldnews/Broadcast/Entries/2010/5/28_Felix_Zulauf.html<br /><br />US currency and Treasuries are an IOU - a promise to pay you another IOU (currency) in the future.<br /><br />The author's advice might make sense if the next 30 years are likely to becostatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-54818297262691959522010-05-31T16:40:02.023-07:002010-05-31T16:40:02.023-07:00@ miked
I believe FOFOA has addressed many of you...@ miked<br /><br />I believe FOFOA has addressed many of your queries previously in this post... <a href="http://fofoa.blogspot.com/2009/10/fair-value-gold.html" rel="nofollow">Fair Value Gold</a><br /><br />It seems to me that <a href="http://fofoa.blogspot.com/2010/05/reflection.html" rel="nofollow">Reflection</a> is the best starting point to the thoughts of FOFOA, but it is simply the bare capt goodvibeshttps://www.blogger.com/profile/08342954212556128395noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-57002316217855396152010-05-31T14:43:22.023-07:002010-05-31T14:43:22.023-07:00I thought that this one stage will come much later...I thought that this one stage will come much later but I see it is possible it could be sooner :o) and exactly as predicted. Theory is one thing but when prediction materializes and you see it on your own eyes then it feels different.<br />Since there are not some items (like bullions of certain weight) in shops and more of those dissapear it is harder to valuate based on the price. I just @mortymer001https://www.blogger.com/profile/13047624328777522777noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-55484231035279356262010-05-31T14:30:29.317-07:002010-05-31T14:30:29.317-07:00No one got a view on this?
Hold on. Sell assets f...No one got a view on this?<br /><br />Hold on. Sell assets for dollars while you still can (especially unload precious metals). Avoid large banks, especially Bank of America. Hoard US cash and treasuries..."<br /><br />so, why would he say especially "unload precious metals"""<br /><br />http://fdralloveragain.blogspot.com/2010/05/economic-breakdown.html<br /><br />FOFOA,golden tubehttps://www.blogger.com/profile/15579378123165882688noreply@blogger.com