tag:blogger.com,1999:blog-4490468598422095060.post5965329030931333917..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: The Value of GoldFOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger248125tag:blogger.com,1999:blog-4490468598422095060.post-81340569488153461872013-02-26T06:07:38.981-08:002013-02-26T06:07:38.981-08:00Here you find Mitchell’s table as a table ;)<a href="https://dl.dropbox.com/u/4409821/mitchells-table-no-del.pdf" rel="nofollow">Here</a> you find Mitchell’s table as a table ;)ein andererhttps://www.blogger.com/profile/05367903882758611707noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-8273320446349613792010-12-20T05:00:14.144-08:002010-12-20T05:00:14.144-08:00FOFOA,
I enjoyed your post - also very much enjoy...FOFOA,<br /><br />I enjoyed your post - also very much enjoyed Aristotles thoughts.<br /><br />The expectation of a revaluation of global assets with respect to gold is looking possible.<br /><br />I would also like to challenge your assertion that golds 'means of exchange' utility is impaired by hoarding.<br /><br />I do not advocate a gold backed currency - but rather the use of gold Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-68291533781959965112010-12-12T05:53:35.216-08:002010-12-12T05:53:35.216-08:00I am new here, "hi there !"
I have been ...I am new here, "hi there !"<br />I have been reading this blog for about a week now, and I must say FOFOA, thank you for doing such a marvelous job.<br /><br />To get me to completely change my mindset, taught to me by decades of misinterpreting the most fundamental thoughts about what actually is, is truely amazing.Paulhttps://www.blogger.com/profile/08106028167162534649noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-56610338447771577032010-12-12T05:49:55.635-08:002010-12-12T05:49:55.635-08:00This comment has been removed by the author.Paulhttps://www.blogger.com/profile/08106028167162534649noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-85631483595322242952010-12-12T05:37:32.344-08:002010-12-12T05:37:32.344-08:00This comment has been removed by the author.Paulhttps://www.blogger.com/profile/08106028167162534649noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-43749530930435951882010-12-07T00:50:03.691-08:002010-12-07T00:50:03.691-08:00Apologies for the multiple posts!
Anyway - see yo...Apologies for the multiple posts!<br /><br />Anyway - see you about.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-66977412619291868062010-12-07T00:48:38.229-08:002010-12-07T00:48:38.229-08:00"Due to the last stage we want to save value ..."Due to the last stage we want to save value to consume during the second last stage."<br /><br />This is not really fundamental to the human condition. In fact, this is what families are for. The 'desire to save' is a result of the disbandment of the nuclear family, which may or may not turn out to be reversible, though generally I don't believe in the Fallacy of Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-52317690860107469132010-12-06T21:26:14.149-08:002010-12-06T21:26:14.149-08:00I agree with Julian regarding your continued writi...I agree with Julian regarding your continued writing/visiting MF!<br /><br />I don't think that any long standing participant at this blog is advocating censorship of thoughts, I'm sure FOFOA would walk him/her out of the door. <br /><br />Nevertheless you can't come to someone's house and start criticism of his carpet and pressuring him to change it and to listen to your expert Casperhttps://www.blogger.com/profile/04254354128362211039noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-52849506944049791832010-12-06T17:36:12.400-08:002010-12-06T17:36:12.400-08:00@ Motley Fool
You should not go away
perhaps jus...@ Motley Fool<br /><br />You should not go away<br /><br />perhaps just shut up for a few days and read instead<br /><br />then, after some contemplation, return and share your Thoughts!<br /><br />this is utility of FOFOA blog<br /><br />:)<br /><br />there is a virtual gold mine of information for you to toil over<br /><br />a lot of it has been mined and fabricated, hoarding in a treasure julianhttps://www.blogger.com/profile/07723030384717346108noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-25333202415159580332010-12-06T15:07:34.079-08:002010-12-06T15:07:34.079-08:00@sean: when you seek to take on a Fool, you seek t...@sean: when you seek to take on a Fool, you seek to take on yourself.DPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-91357365935332918782010-12-06T14:45:27.968-08:002010-12-06T14:45:27.968-08:00:D
I am starting to think of this blog as a kind o...:D<br />I am starting to think of this blog as a kind of zen koan. Things are often not what they seem, but one can learn much from a Fool ;-)<br /><br />Alas, enlightenment takes time...seanhttps://www.blogger.com/profile/03383810213841234946noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-81760928313755282362010-12-06T13:49:53.896-08:002010-12-06T13:49:53.896-08:00@ Scepticus
Equities, har-har...
http://jessescr...@ Scepticus<br /><br />Equities, har-har...<br /><br />http://jessescrossroadscafe.blogspot.com/2010/12/sp-500-deflated-by-gold.htmlDave Narbyhttps://www.blogger.com/profile/10773693145577366704noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-68497298115945560642010-12-06T13:46:24.835-08:002010-12-06T13:46:24.835-08:00Hey Scepticus
I really want to answer. Even thoug...Hey Scepticus<br /><br />I really want to answer. Even though I have been effectively told to shut up and go away. <br /><br />Since I'm going away after tomorrow and will hence shut up, maybe I can try. <br /><br />At least I can use the weak reasoning, that your first no was for me, so you did address me.<br /><br />Meh.<br /><br />Here goes, as short as I possibly can. <br /><br />The Motley Foolhttps://www.blogger.com/profile/06902761012772262091noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-54524615457078392732010-12-06T13:41:58.638-08:002010-12-06T13:41:58.638-08:00scepticus:
Instead of stating it as the failure o...scepticus:<br /><br />Instead of stating it as the failure of paper gold (the bullion banks having sold 50 timers as much gold as exists is a paper or computer-based phenomena), let's state it as soon-to-be-discovered cheating of the people who thought they owned physical gold, but discover the banks took their money and simply promised them gold in return--gold which they do not have.<br />littlepeoplehttps://www.blogger.com/profile/03145556519095906058noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-21460460259835046142010-12-06T13:28:16.956-08:002010-12-06T13:28:16.956-08:00no no no.
Paper might fail or might not.
Perhap...no no no.<br /><br />Paper might fail or might not. <br /><br />Perhaps we don't need paper or gold. <br /><br />There are other stores of value. Certainly paper is a bad choice for storing value. <br /><br />But to argue that if paper can't store value then gold must is wrong, because there are so many other possible stores of value, that have already proved their worth.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-85868282635832705062010-12-06T13:13:25.283-08:002010-12-06T13:13:25.283-08:00Scepticus:
"I still await any kind of justifi...Scepticus:<br />"I still await any kind of justification for an historically unprecedented break out to 1oz for a BMW."<br /><br />I gave that justification to you. Again, I say, soon, the world will discover that there is only 2% of the gold in the world that they now think exists, as bullion bankers have encumbered each ounce 50 times over through paper selling (COMEX, LBMA, etc.)of littlepeoplehttps://www.blogger.com/profile/03145556519095906058noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-50194763644983413042010-12-06T13:10:25.874-08:002010-12-06T13:10:25.874-08:00@Scepticus
FOFOA's are good rationales for th...@Scepticus<br /><br />FOFOA's are good rationales for the POG IMO.<br /><br />But here's one for $54k using M3<br /><br />http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/11/16_$53,957_in_Circulation_for_Every_Ounce_of_Gold.html<br /><br /> <br />And I can give you a rationale for $45k/oz. using my own reasoning, if you want.<br /><br />That close enough for ya?Dave Narbyhttps://www.blogger.com/profile/10773693145577366704noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-32748171477162814352010-12-06T13:08:51.210-08:002010-12-06T13:08:51.210-08:00@ scepticus
The simplest answer is : paper money ...@ scepticus<br /><br />The simplest answer is : paper money Will fail, something needs to take up the slack, that wont fail. Gold is the likeliest suspect.<br /><br />TFMotley Foolhttps://www.blogger.com/profile/06902761012772262091noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-9591345946668251232010-12-06T13:06:56.156-08:002010-12-06T13:06:56.156-08:00@ littlepeople
It's hard to say, but I think ...@ littlepeople<br /><br />It's hard to say, but I think the relative prices of just about everything will need to be re-calibrated.<br /><br />This is just one of the side effects of TPTB screwing with the markets, it becomes impossible to value anything accurately.<br /><br />@ Scepticus, yeah I made a boo-boo.Dave Narbyhttps://www.blogger.com/profile/10773693145577366704noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-6074262798537998222010-12-06T13:01:54.556-08:002010-12-06T13:01:54.556-08:00So about that 55K?
I still have not heard a good ...So about that 55K?<br /><br />I still have not heard a good explanation.<br /><br />In the fekete paper linked above by MF, fekete acknowledges that ultimately all value is subjective. It would indeed be foolish to argue otherwise. <br /><br />Thus he agrees with me that the value of gold is ultimately of a symbolic nature. I use the term symbolic in preference to subjective, because really it Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-73533253910125070592010-12-06T12:50:12.901-08:002010-12-06T12:50:12.901-08:00Hey Mr Narby that wasn't me with the Packard!
...Hey Mr Narby that wasn't me with the Packard!<br /><br />No problems with my math thank you very much :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-7299075778813475582010-12-06T12:39:27.131-08:002010-12-06T12:39:27.131-08:00How to resign from the club
This Economist piece ...<a href="http://www.economist.com/node/17629757" rel="nofollow">How to resign from the club</a><br /><br />This Economist piece makes an interesting read. It makes it sound like the Euro is the "roach hotel, roaches check in but they can't check out". The EU Elites have locked all the escape hatches and handcuffed the members to the Euro steering wheel:<br /><br /><i>"To Desperadohttps://www.blogger.com/profile/16215858025835016523noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-45157073114159038972010-12-06T12:38:51.317-08:002010-12-06T12:38:51.317-08:00Dave Narby:
Now you're talkin'!
I can t...Dave Narby:<br />Now you're talkin'! <br /><br />I can tell you've been thinking this physical vs. paper thing through, as I have. I've been eyeing up a 1969 chevelle SS396 convertible ($50k in perfect shape) for awhile now. The dollar price hasn't gone down, but the number of ounces it costs is dropping almost daily . . . when to buy, when to buy? I'd like to get littlepeoplehttps://www.blogger.com/profile/03145556519095906058noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-45874218035665030332010-12-06T12:24:43.831-08:002010-12-06T12:24:43.831-08:00@Littlepeople
I'd sell the 'Cuda, buy a u...@Littlepeople<br /><br />I'd sell the 'Cuda, buy a used Hyundai and bullion with the proceeds... Then buy the 'Cuda back after Freegold!Dave Narbyhttps://www.blogger.com/profile/10773693145577366704noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-15057143296330208952010-12-06T11:52:47.735-08:002010-12-06T11:52:47.735-08:00Dave Narby:
The Veyron is a wild car, with a wild ...Dave Narby:<br />The Veyron is a wild car, with a wild price, and fantastic technologies--a car for only an ostentatious, select few. <br /><br />The Packard Model 30 in restored condition is a $1M plus car today. <br /><br />However, a 1971 HemiCuda convertible sold at auction a few years ago, at the apex of the muscle car bubble, for $6M.<br /><br />The Hyundia being sold today for $15k has littlepeoplehttps://www.blogger.com/profile/03145556519095906058noreply@blogger.com