Elroy Jetson told me:
siliconinvestor.com
The only reason gold has maintained its purchasing value over thousands of years is that humans have valued it to the same degree over time.
siliconinvestor.com
Its beyond my knowledge to explain to you why humans have valued gold to the same degree over thousands of years. But they have done so.
Gold REQUIRES human monkeys to flick it through thier fingers, say OH PRETTY and desire it - without that BELIEF system - gold instantly becomes USELESS and WORTHLESS - and belief systems are so transitory - there is no need by the body for gold. My baby died because of a fundamental belief system about a magic man in the sky - to me I categorize these things the same way. I don't want to put my future or wealth into BELIEF systems that can be fradulent or change. Some things are more rooted in reality and the laws of nature than they are in belief systems - that is where I find value. As Sagan said - the candle in the darkness - skepdic.com
If this were the case, the price of gold could rise from $550 to $3,600, which would bring down the Dow/gold ratio from currently about 19 to 10; or, in an extreme case,
The price of gold COULD rise - the price of a hamburger and a hooker COULD rise even more - in Zimbabwe the PRICE of a hairdo rose the most according to official stats - far surpassing gold's rise. If you needed a hairdo and horded gold - you got poorer. In Zimbabwe hairdo's went up about 2000% last year - price of gold 1000% no? That means all that horded gold I had - I got less hairdo's than the year before. Why would women's hairdos go up more than gold - they must have been using too much dye in thier hair and it made them stupid eh? How did people eat in Japan after they went BOOM - my grandpa ate during the depression because he kept WORKING on the farms - he had no horded gold - those that did didn't do much better from what he told me. People are so scared of REAL work today it seems to me - so lazy. Living like les in survivorman - they would rather die than do that! They want to store future labor in an object so they can magically call it forth like a wizard and have to add no utility in the future other than thier hordes of shiny metals. The future is unknown - trying to capture a piece of the future in an object may perhaps turn out to be just as silly as mages who once claimed to turn lead into gold.
I asked Elroy to tell me why the FUTURE was going to value GOLD like the PAST had - the oracle had no answers for me and he usually has them all - hehe. Why is this twilight zone episode not a feasible reality to people like Chen? Because history always shows humans doing this or that - well for thousands of years humans married 10 year old children - times change.
http://www.siliconinvestor.com/readmsg.aspx?msgid=21302679&srchtxt=twilight%20zone%20gold
everything2.com
The Rip Van Winkle Caper: Thieves emerge from suspended animation to spend the GOLD they pilfered 100 years before.
The Thieves are immoral villains, greed has driven their actions, and once they reach the future, they become more and more consumed with greed until there is only one of them left who has killed the others. As he dies, thirsty in the desert and clinging to his last bar of GOLD, we find out that GOLD is meaningless in the society he has traveled to.
I asked then and I will ask again - why do so many here profess just because people at certain times and places VALUED it in the past - they will in our future - do they have a crystal ball? I see movies like blade runner, and waterworld - both potential futures - gold was not valued - technology - knowledge - science - genetics - these were valued and determined the survivors who rose above the losers.
This is what I told Elroy and this is what scares goldbugs about our future:
Elroy you are on a desert island like that new show LOST - do you want GOLD, a box of MRE's that will only keep you alive for a month or to crash with elle mcpherson or brooke shields on the blue lagoon? GOLD being scarce is not enough, it has to be valued too, me and my geek buddies of the future don't value it, no matter how scarce it gets we won't value it more.
Now, I am not necessarily predicting that we shall soon experience hyperinflation rates in the US, but when the Dow Jones and the US housing market will decline by 10%, it is very probable that Mr. Bernanke will put the money printing presses into high gear in order to fight asset deflation. So, US asset prices including homes, stocks and bonds could depreciate in real terms and against precious metals.
Also they could depreciate against hairdo's and the price of a farm worker maybe? I know people that value getting on the internet far more than a steak or a shiny metal. If humans stop valuing gold because of a belief system - it will lose a lot of its luster. |
