tag:blogger.com,1999:blog-4490468598422095060.post6900101300289613009..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: Forum 201FOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger176125tag:blogger.com,1999:blog-4490468598422095060.post-13818355246114003902011-02-10T07:30:07.418-08:002011-02-10T07:30:07.418-08:00FGYP
Below is a quote from Larry Edelson [Real Wea...FGYP<br />Below is a quote from Larry Edelson [Real Wealth Report] dated Feb 7, 2011:<br />My cycle studies for gold now show a decline into March 28, as you can see from this gold daily cycle forecast chart. Notice how nicely gold has followed the forecast. Expect some sideways action, and even a bounce higher into late February, but then a steep slide into March. I expect by March we will see Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-30888396098069122142011-02-06T10:57:31.945-08:002011-02-06T10:57:31.945-08:00Yes, "improving the allocation of resources&q...Yes, "improving the allocation of resources" is a much better way of summarising the effects of Freegold that I was attempting to describe. :) Since much of the West's "wealth" and "progress" comes by exploiting the world's poor, then a world-wide rebalancing may produce some uncomfortable shocks for the paper-wealthy. Perhaps we can optimistically expect seanhttps://www.blogger.com/profile/03383810213841234946noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-61479483966442368032011-02-05T22:30:05.850-08:002011-02-05T22:30:05.850-08:00ROFLMAO!! You should be writing TV sitcoms!ROFLMAO!! You should be writing TV sitcoms!Free gold? Yes please!https://www.blogger.com/profile/09430232863802897457noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-22325811294960651012011-02-05T22:24:28.712-08:002011-02-05T22:24:28.712-08:00Ok fgyp, the conclusion:
Greenie doddles to the l...Ok fgyp, the conclusion:<br /><br />Greenie doddles to the little boys room, unzips and pisses everywhere. I mean on the floor, on the walls: he just can ‘t direct the stream and the whole room STINKS.<br /><br />But he’s not done.<br /><br />He waddles into a stall, drops his drawers, and MISSES the toilet!! There is shit everywhere. He panics because someone might enter and learn of his “Wendyhttps://www.blogger.com/profile/17448815628676884529noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-28404647483599685932011-02-05T20:45:31.371-08:002011-02-05T20:45:31.371-08:00Wendy,
That was outright hilarious!! More Please!...Wendy,<br /><br />That was outright hilarious!! More Please!Free gold? Yes please!https://www.blogger.com/profile/09430232863802897457noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-3678274907111664532011-02-05T19:40:55.993-08:002011-02-05T19:40:55.993-08:00I can hear them now:
Gordon: listen hear my goo...I can hear them now:<br /><br />Gordon: listen hear my good fellows, we have what we call DEEP storage gold in London (wink), how about the same name for project G.L.D. (gold lacking demand). By George I think we’ve got it (sly grin)<br /><br />George Jr.: (bouncing in his chair) HUH??? Did you just ask me something Gordo?<br /><br />George Sr.: Now George calm down, I’ll explain it all to Wendyhttps://www.blogger.com/profile/17448815628676884529noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-26643385363954113422011-02-05T18:38:25.646-08:002011-02-05T18:38:25.646-08:00Interesting FOFOA, however FOA's remarks were ...Interesting FOFOA, however FOA's remarks were before the introduction of GLD, and although it was introduced in 2004, you can bet it had been in the making for quite some time.<br /><br />I wonder if FOA's Thoughts might be different today?<br /><br />The more I think about it, the more I wonder if, in fact deep storage gold (not good for delivery) is GLD.<br /><br />I have no trouble Wendyhttps://www.blogger.com/profile/17448815628676884529noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-54418115776745921502011-02-05T18:25:28.305-08:002011-02-05T18:25:28.305-08:00Hi Blondie et al,
I have been following the conve...Hi Blondie et al,<br /><br />I have been following the conversations about the post-transition period with interest. If I had to select just one advantage of the new Freegold-RPG IMFS it would be the adoption of a market based, politically neutral, benchmark price for fiat currencies.<br /><br />The effects of not having an <b>effective</b> pricing mechanism have been far reaching and immensely costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-50726686052771067762011-02-05T18:23:25.542-08:002011-02-05T18:23:25.542-08:00Here is FOA writing about the reclassified gold......Here is FOA writing about the reclassified gold...<br /><br />FOA (04/23/01; 20:30:04MT - usagold.com msg#67)<br />Replies and Custodial Gold<br /><br />Hello Gentlemen,<br /><br />I suspect the gold in West Point was reclassified in a show of good faith to those that own some international gold paper. I'm talking about people who's reasonably priced product you cannot live without. I FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-44140397150699857892011-02-05T18:14:51.753-08:002011-02-05T18:14:51.753-08:00mortymer,
I've read that the "deep stora...mortymer,<br /><br />I've read that the "deep storage gold" refers to gold not yet mined, but London also has deep storage gold that is "inferior gold" Initially only a portion of US gold was reclassified from custodial gold to "deep storage", and then all of the gold was reclassified in this way.<br /><br />I've also read said that instead of bullion, Wendyhttps://www.blogger.com/profile/17448815628676884529noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-35823384370651784632011-02-05T14:37:28.074-08:002011-02-05T14:37:28.074-08:00"humanity freed from all the bullsh*t"
..."humanity freed from all the bullsh*t"<br /><br />Planet Utopia, Blondie!<br />If I had read such speculations years ago before you came to FOFOA and before I understood the idea of Freegold I would have abandoned the site long ago!<br />There is no reason for a mentality change.Gold has been store of wealth times before and the humanity didn't morphed into an idealistic entity. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-18776556347701556192011-02-05T12:05:20.114-08:002011-02-05T12:05:20.114-08:00sean said:
"I do wonder if the rate of techn...sean said:<br /><br /><i>"I do wonder if the rate of technological progress will decrease in a "hard money" Freegold system."</i><br /><br />Perhaps only where that progress is driven by consumption, as this demand could be expected to decline. Malinvestment will decline, but that cannot be expected to create bona fide progress by definition, so I don't see that there Piripihttps://www.blogger.com/profile/03271512349186616514noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-62992622574882526002011-02-05T11:49:50.602-08:002011-02-05T11:49:50.602-08:00...continued from above
Detractors of the RBD do ......continued from above<br /><br />Detractors of the RBD do a great disservice to society when they try to force their narrow parochial and cultist viewpoint, the quantity theory of money and the supply/demand equilibrium theory of price, on everybody at a time when the problem is the relentless drying-up of liquidity. What we need is a theory of hoarding to supplement the theory of marketabilityAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-24011479894196041952011-02-05T11:48:25.967-08:002011-02-05T11:48:25.967-08:00Joel,
Feel free to hold your beliefs, and it makes...Joel,<br />Feel free to hold your beliefs, and it makes sense to me, too. I was just referring to a recent statement by FOFOA. Makes sense that the price of gold is distorted because the number of claims made on the same oz. Once the same gold oz. is no longer sold 50-100 times, it is free to find its true price.<br /><br />Freegold is gold freed from all the bullsh*t.Diamond Jackhttps://www.blogger.com/profile/09998468116779554795noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-31917169247084083972011-02-05T11:44:26.092-08:002011-02-05T11:44:26.092-08:00As part of catching-up on my economics, I've b...As part of catching-up on my economics, I've been reading some articles about the Real Bills Doctrine (RBD). The following reminded me of Freegold and FOFOA: <br /><br />http://goldstandardinstitute.org/GSI/<br /><br />Participants of the debate [of RBD and gold] are utterly unprepared for the event when all offers to sell gold against irredeemable paper currency are abruptly and Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-28521171660971111282011-02-05T11:42:39.883-08:002011-02-05T11:42:39.883-08:00Realgold will still have to be explained. And you&...Realgold will still have to be explained. And you're right, it may take a hundred times. I stopped trying to convince anyone. One of the most important insights FOFOA delivered to me was that fact that RealFreeGold is in·ev·i·ta·ble. No further effort necessary.Diamond Jackhttps://www.blogger.com/profile/09998468116779554795noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-29582188456627392182011-02-05T07:08:35.872-08:002011-02-05T07:08:35.872-08:00Hello Diamond Jack
>>But for the record, Fr...Hello Diamond Jack<br /><br />>>But for the record, Freegold is when physical gold trading is free of the legacy fractional reserve banking structure. 2 or 3 times should get that point across.<br /><br />Yes, that's why I thought Realgold was a nice name. It's obvious you are taking delivery and it's not a promissory note.<br /><br />I'd take issue with your statement that mikedhttps://www.blogger.com/profile/13981067672117897379noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-78685908903028319542011-02-05T07:02:35.275-08:002011-02-05T07:02:35.275-08:00Diamond Jack,
I think the "free" in Fre...Diamond Jack, <br />I think the "free" in Freegold stands for free to float in price, vs. a fixed gold standard price of old. It is also a description of the current price of gold in US dollars, given upcoming events, lol...JMan1959https://www.blogger.com/profile/04720578580699486888noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-75794735361323456732011-02-05T06:46:56.628-08:002011-02-05T06:46:56.628-08:00miked,
"Freegold is such a confusing name be...miked,<br /><br />"Freegold is such a confusing name because nobody knows what is free about it until you explain for the 100th time." <br /><br />This why Reference Point Gold may become the mainstream name. Gold will be repriced as it becomes a reference point for fiat currencies.<br /><br />Others have seen problems with the Freegold name, including FOFOA who wondered if Crackwhore Diamond Jackhttps://www.blogger.com/profile/09998468116779554795noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-53717025343097371722011-02-05T06:42:08.791-08:002011-02-05T06:42:08.791-08:00Hi FOFOA and others,
I have read all kinds of reva...Hi FOFOA and others,<br />I have read all kinds of revaluation theories on gold. Can somebody walk through the math of the various revaluation theories in a freehold scenario, i.e. Gold revalued at all currency/all current gold supply @$50k/oz., US currency/US gold stocks@ $6k/oz., etc.. And the merits/plausibility of each possibility? I don't even know if my examples are correct, going fromJMan1959https://www.blogger.com/profile/04720578580699486888noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-36549347155160692642011-02-05T06:33:13.069-08:002011-02-05T06:33:13.069-08:00Blondie, I agree the financial/monetary system has...Blondie, I agree the financial/monetary system has enormous (fundamental) influence on society and behaviour. FOFOA's Credibility Inflation (http://fofoa.blogspot.com/2010/08/credibility-inflation.html) post seems relevent to this point. With "easy money" spending is, evidently, easier... for the rich. Inflation is "wired in" to the system. Due to interest rates, the rich seanhttps://www.blogger.com/profile/03383810213841234946noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-77553526518664381762011-02-05T06:28:57.620-08:002011-02-05T06:28:57.620-08:00@Radix, Ben Davies, at 6:00 says this:
When peop...@Radix, <a href="http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/2/5_Ben_Davies_files/Ben%20Davies%202%3A5%3A2011.mp3" rel="nofollow">Ben Davies</a>, at 6:00 says this:<br /><br /><i>When people talk about net outflows in GLD and SLV they are completely wrong... When you have a seller you have a buyer on the other side, so there is just a transferrence of that tracking of gold,Desperadohttps://www.blogger.com/profile/16215858025835016523noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-84749215607839701322011-02-05T04:49:12.589-08:002011-02-05T04:49:12.589-08:00Miked,
They don't have to sell the treasuries...Miked,<br /><br />They don't have to sell the treasuries to buy equity... they can do that right now just by pledging them as collateral. <br /><br />You say:<br /><br />"In a financial collapse it's better to be in equity than debt."<br /><br />That may be true unless you're the world reserve currency. When those bonds go there's not much that can stop the collapse of Casperhttps://www.blogger.com/profile/04254354128362211039noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-13180918776739362792011-02-05T02:44:54.753-08:002011-02-05T02:44:54.753-08:00Ben Davies a FOFOA/FOA/Another reader? He's ta...Ben Davies a FOFOA/FOA/Another reader? He's talking about GLD redemptions being bullish....<br /><br />I don't know how to put a link in, so google his King World News interview. Very FOFOAesque.....radix46https://www.blogger.com/profile/08952244160824465324noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-13347008165592842032011-02-05T01:54:20.093-08:002011-02-05T01:54:20.093-08:00Wendy,
Oh yes, a terrible tragedy, I was taking m...Wendy,<br /><br />Oh yes, a terrible tragedy, I was taking my shiny things out for a spin in the boat and along came a freakish wave and knocked them from their hallowed perch on the poop deck. It's OK though, I marked the spot with GPS and no doubt at some fortuitous moment in the future I will be re-united with my shiny things (maybe after freegold) thanks to a miraculous scuba diving radix46https://www.blogger.com/profile/08952244160824465324noreply@blogger.com