tag:blogger.com,1999:blog-4490468598422095060.post3253597223961318098..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: My Candid View – Part 8FOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger21125tag:blogger.com,1999:blog-4490468598422095060.post-17304444367775831602013-08-22T10:49:25.101-07:002013-08-22T10:49:25.101-07:00I have a couple questions on statements you made o...I have a couple questions on statements you made on this column.<br /><br />1 - Hyperinflation vs. Banks - Won't banks with low interest loans be destroyed by being paid back hyper-inflated currency?<br /><br />2 - I wonder what will happen with small scale mining and panning for gold. If gold is that valuable, it seems there will be a lot of wildcatters and panners for a nugget now worth Kurthttps://www.blogger.com/profile/03827718885466021882noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-2665652362402858422013-08-22T08:44:37.164-07:002013-08-22T08:44:37.164-07:00Thank you all for your warm welcome!! I appreciate...Thank you all for your warm welcome!! I appreciate it.<br /><br />@S P -> I like that explanation. That's a different angle than I took when initially attempting it. A lot of the ones I was talking it over were are hard to convince, a bit skeptic. So I tried to approach it from the angle of why we were in the position we were in and used the US as the basis for the discussion but as I tcelferhttps://www.blogger.com/profile/01137536870858383220noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-7647110359921921342013-08-22T04:46:55.827-07:002013-08-22T04:46:55.827-07:00ampmfix,
If Euro hyperinflates, I will still have...ampmfix,<br /><br />If Euro hyperinflates, I will still have 0.55 oz of Gold. Also we don't when<br />this revaluation will happen. If FG happens, and Euro stays still, I will still<br />do OK. So buying this face value coin has all these plus and minus. <br /><br />Bijuhttps://www.blogger.com/profile/02244761585623384771noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-72626669990377776082013-08-22T01:34:01.244-07:002013-08-22T01:34:01.244-07:00Biju and db, ok, I understand your points, but if ...Biju and db, ok, I understand your points, but if the euro follows the dollar and HI, the 1000 euros are worth less than the initial cost. What is painful to my mind is paying almost twice for the WEIGHT of gold, the whole purpose of all this gold buying is getting away from FIAT (and face values...), anyway, to each his own and good luck.<br />ampmfixhttps://www.blogger.com/profile/01228037724843795541noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-38323344171040136282013-08-21T23:45:47.650-07:002013-08-21T23:45:47.650-07:00Ampmfix, buying 1000€ face value gold coins for 12...Ampmfix, buying 1000€ face value gold coins for 1200€ can be seen as paying a premium for the numismatic value ..... Or buying gold with a floor, so you'd be buying Au with a put that's 20% off the money ... If FG gets delayed another 20 yrs and gold goes down to 200€/oz you could sell your coin for 1000€ and buy 5 ozs <br /><br />Remember what I did with the 12€ face value silver coins ;dbhttps://www.blogger.com/profile/09273107278406786106noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-53059533340293824342013-08-21T22:49:39.778-07:002013-08-21T22:49:39.778-07:00@FOFOA
some really good stuff in this post. For ...@FOFOA<br /><br />some really good stuff in this post. For me I personally had another A Ha moment with my understanding of the world of banking<br /><br />@tcelfer<br /><br />Thanks for saying hello. Yes many go through the same process with FG....except for a few grumpy bastards that never get it. FG can be summed up pretty well in just a couple of sentences. The trouble is each word in Samhttps://www.blogger.com/profile/01397128468234177166noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-81299700884801907242013-08-21T21:31:16.603-07:002013-08-21T21:31:16.603-07:00ampm
I'm with you.
I'll pay extra for frac...ampm<br />I'm with you.<br />I'll pay extra for fractional and small gram bars but not for numismatic value.Michael dVhttps://www.blogger.com/profile/12483224373093707424noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-42467280850493724232013-08-21T20:09:09.751-07:002013-08-21T20:09:09.751-07:00ampmfix,
I wanted to get some Euro's. Banks c...ampmfix,<br /><br />I wanted to get some Euro's. Banks charge 4% for Euro currency. Here I got the same with an added benefit in Gold. This is legal tender coin, and no one will sell it for it's face value.<br /><br />There was a big Queue to buy these in Paris on release day and was immediately sold out. secondary market price was 20% over legal tender value. APMEX just reduced price to Bijuhttps://www.blogger.com/profile/02244761585623384771noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-18408632782138259492013-08-21T17:35:23.979-07:002013-08-21T17:35:23.979-07:00Hi Biju,
Just curious, why would you pay 1395$ fo...Hi Biju,<br /><br />Just curious, why would you pay 1395$ for around half an ounce? that is close to twice the spot price? is it for the numismatic value? the face value doesn't mean anything to me just the weight of gold. <br /><br />I also see in the link a 5oz set for 12,000$!?!? to me 5oz is worth around 5,000 euros (today...).<br /><br />Cheers.<br /><br />You know that numismatic value ampmfixhttps://www.blogger.com/profile/01228037724843795541noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-31778472195464824152013-08-21T16:16:12.980-07:002013-08-21T16:16:12.980-07:00Grumps,
The Freegold Office of Jerkery, Misallocat...Grumps,<br />The Freegold Office of Jerkery, Misallocation, Brainwashington and Cultism has forever labeled you an:<br /><br /><b>ANTI-FREEGOLDIST</b> (large pointing finger)<br /><br />... with that last statement.<br /><br />The JMBC commission adjourns at midnight to determine your sentence.Anonymoushttps://www.blogger.com/profile/06657360609873446106noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-27079990546791080932013-08-21T16:02:48.096-07:002013-08-21T16:02:48.096-07:00S P,
It sounds elegant to have the MoE and SoV fu...S P,<br /><br />It sounds elegant to have the MoE and SoV functions separated, but if you play around with interest rates with the FG sandbox, you'll run into some problems. After some struggle, you'll realize that MoE and SoV can't be separated. <br /><br />Grumps LaBastardhttps://www.blogger.com/profile/14516927214877780910noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-81938793717550946162013-08-21T15:44:06.813-07:002013-08-21T15:44:06.813-07:00tcelfer,
Good to hear your thoughts and welcome. I...tcelfer,<br />Good to hear your thoughts and welcome. I have surely had those same thoughts but gave up on it early on because of the reactions I knew I would get, from the ones I got even gently approaching the topic of reality.<br /><br />It's not so much that they can't get it (IMHO). it's more they don't want to, out of fear and disbelief.<br /><br />I'm sorry to say but Anonymoushttps://www.blogger.com/profile/06657360609873446106noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-68147476835491368322013-08-21T15:35:52.034-07:002013-08-21T15:35:52.034-07:00MdV,
Yes, I was hoping she was more along the line...MdV,<br />Yes, I was hoping she was more along the lines of "creative" and would be willing to test that theory.<br /><br />At Grandpa age I have decided to relax my standards enough to allow for a wider berth of types.<br /><br />But we digress ....Anonymoushttps://www.blogger.com/profile/06657360609873446106noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-34366342237064427262013-08-21T15:05:48.694-07:002013-08-21T15:05:48.694-07:00Wil
Ms. Boring strikes me as a bit odd. She has an...Wil<br />Ms. Boring strikes me as a bit odd. She has an arresting cadence. I get dizzy listening to her. kinda cute though...maybe your type?Michael dVhttps://www.blogger.com/profile/12483224373093707424noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-66899803230556216482013-08-21T14:58:48.980-07:002013-08-21T14:58:48.980-07:00tcelfer:
My understanding is this: Freegold is an...tcelfer:<br />My understanding is this: Freegold is an evolutionary process by which the medium of exchange function of money is separated from the store of value function. In most cases, the medium of exchange will be fiat currencies, and gold will be the universal store of value. The unit of account can be either. Anyone should be able to exchange gold and fiat at a floating rate, S Phttps://www.blogger.com/profile/02094399395379857595noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-10764266379445219782013-08-21T11:26:29.173-07:002013-08-21T11:26:29.173-07:00At APMEX there is a 1,000 Euro face value coin (0....At APMEX there is a 1,000 Euro face value coin (0.55oz). I bought one yesterday midnight, when 8 more was available. They were selling for $1395 yesterday , just 4% premium over USDxEUR (1.34). These were previously selling for 25% premium for many months, hence I never bought any.<br /><br />http://www.apmex.com/product/75660/2013-1-000-euro-gold-hercules-face-value-coin<br /><br />Today when I Bijuhttps://www.blogger.com/profile/02244761585623384771noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-12240351329834011512013-08-21T08:48:56.772-07:002013-08-21T08:48:56.772-07:00Was she hot? <-- Haha, nice. Best & most i...Was she hot? <-- Haha, nice. Best & most informative e-mail yet! ;)<br /><br />First time poster, been reading for several months now -- Thank you for all that you do FOFOA, & dedicated other posters. While I'm still a FG novice, I got the message clear enough to start stackin' while I continue to learn the ins & outs; <br /><br />I continually challenge my understanding tcelferhttps://www.blogger.com/profile/01137536870858383220noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-86712745725134049432013-08-21T06:04:06.314-07:002013-08-21T06:04:06.314-07:00Oh, and BTW, I did think that "Ms. Boring&quo...Oh, and BTW, I did think that "Ms. Boring" was anything but ... ;0)Roacheforquehttps://www.blogger.com/profile/00732611346849043119noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-85387602155858669002013-08-21T06:02:49.155-07:002013-08-21T06:02:49.155-07:00Quite instructive Gentlemen!
I'm of the opini...Quite instructive Gentlemen!<br /><br />I'm of the opinion that paper gold will gradually fall to ZERO - not because the FED would ever fail its primaries (BBs) to massively (nominally) print cash settlement, but to shake out the remaining oz's from the weak, trader-bug paper-bugs in desperation. So there's no 2K or 5K interim reval in my crystal ball ... and though I don't do Roacheforquehttps://www.blogger.com/profile/00732611346849043119noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-42723345502847763332013-08-21T05:35:51.629-07:002013-08-21T05:35:51.629-07:00The meatiest candid view IMO. Your impetus is very...The meatiest candid view IMO. Your impetus is very much appreciated FOFOA. Really great.<br /><br />Thankyou!Zebedeehttps://www.blogger.com/profile/05115890276589637833noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-31989354634782278742013-08-21T01:59:14.080-07:002013-08-21T01:59:14.080-07:00You dog FOFOA! Does Mrs. FOFOA read the blog? :-)
...You dog FOFOA! Does Mrs. FOFOA read the blog? :-)<br /><br />You do not walk alone, you have a following. Small but dedicated. Something like <a href="http://youtu.be/pKKmzmeU5-0" rel="nofollow">this</a>. :-)Dante_Euhttps://www.blogger.com/profile/13208538005188466169noreply@blogger.com