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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (29577)	5/7/2005 2:22:09 PM
From: shades	Read Replies (1) \| Respond to of 116555

Alright so an aureus is at correct purchasing power then from a historic scale - why is puplava telling me it is a 10 bagger from here then? Its just where it needs to be for purchasing wheat no? A few years ago gold was what about half what it is today right? So maybe it was a good deal then - but why now when it buys the same wheat it bought back in rome? To go up from here would make it overvalued eh? ANd if you take it to a coin shop so you can buy some wheat and they take thier cut that the smelter cuts too - you don't really get all that it is quoted on kitco. A roman gold coin called the aureus would give me 100 dollars right? I remember the indiana jones guys on discovery channel found some wine bottles that were still corked and some mummies that had cocaine around them that was 5000 years old - how much would that same amount of 5000 year old cocaine and wine bring me today compared to what it would get back then? Why could the gold coin buy 200 pounds of wheat back then and not sea shells and indian beads - didn't indian beads buy a lot at one time in the past in some places - what will indian beads buy today? Why did the indians value beads and not gold. Why did the romans pick gold and not magnetite? Why did the islanders pick sea shells and not gold? Food was far more important to the time and daily struggles of your average geek back in rome than today - where me and jay chen blow each other up for hours a day on trading stocks and playing deathmatch in unreal tournament. I will eat uncooked ramen before I will give up my internet connection - I value it more than wheat or gold, would jay or you make the same choice or will you willingly unlink from the borg collective if it is either internet or steak? My parents had an old collection of 45's they were offered MEGA BUCKS for - they had an old collection of german beer cans they were offered MEGA bucks for - they said NOPE, we like our old stuff and they still have it - why did they make such a foolish choice? I try to get them on CD's or 8 tracks or cassettes or MP3s - but they still have the old 45's they play on the old jukebox - what dummies huh? My uncle still has an old mustang, the new ones are much faster and safer, what a dummy. You say it has been a characteristic trait to save GOLD - for certain places yes - but in certain places no - why - this is very important - why was gold so important to some societies and worthless to others in the past, I just don't see it, your very posts over the years have shown me some societies valued furs and sea shells and beads over gold - I never would have believed I could buy an indians virgin daughter for a few beads or a blanket until you started educating me - that thought was so ALIEN to my mind because that meme had never been introduced into my brain, I would never have thought it on my own, I only believed years of slaving away in the gym and growing the bank account to huge portions and then giving it all away to little indian girl in marriage would get you her virginity - and then you show me some history and I see I could have got it for a few beads. Scarcity determines value, ok I will agree with that, the scarcity of a NEEDED item determines its value, I needed michelle pfieffers wet hole many times in my life and I valued it DEARLY, but I never got it, but gold coins I could go get at any coin shop and never went and bought any. Being scarce is not enough I don't think, it has to be DESIRED and scarce - there was a woman selling a HOLY PAN on EBAY - it cooked they virgin mary holy cheese sandwich - she was on tour at the hard rock cafe in my city showing it off - it is the only one in the world - I am not buying it and niether are you I don't think - or were you the dummy that bought it? cgi.ebay.com Its scarce, but not VALUED by many but some did value it. scarcity alone is NOT ENOUGH. hardware.slashdot.org People want OLD mp3's - lets hit ebay again and check on old 8 tracks - of which I had some I sold on there a few years ago music.listings.ebay.com Looks like madonna like a virgin on 8 track has a few bids - what dummies - they could buy some gold and silver - my dad sold some sony reel to reel tracks of country stars for big bucks on ebay a few years ago - those dummies should have bought gold coin - it would have made them happier. electronics.listings.ebay.com Vintage electronics section has a lot of dummies too - they could buy gold instead - how does the efficient market in gold come about with all these dummies buying 8 tracks and old electronics instead of gold? Why hasn't greenspan taught them that gold has more value than that junk? I sold an Atari 2600 and some games I got at a yard sale a long time ago for 1 dollar to some sucker for over 50 bucks one time - what a dummy, he could have got a gold coin - silly silly. I remember when tom and roseanne busted up some guy dumpster dived their garbage and got thier salt and pepper shakers and sold them on ebay - whoever bought those were dummies - they could have done what humans have done since rome and bought gold coins, so silly of them. Maybe they were decended of islanders or indians and didn't have the gene that makes you KNOW that gold is the better store of value over beads and sea shells. Golds value to world bankers is only thier willingness to take it - that is not good enough if you ask me and why gold is not doing global trade today. I watched rod serling too many nights and one night he had this episode of the twilight zone where some thieves stole some gold and went into hybernation to spend it in the future - gold was worthless in the future - cool episode if you ever get TIME to watch it. 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 read on 321energy.com that the dollar being backed by oil was its real VALUE. 321energy.com I need oil to eat, not gold: post1.net Monday April 04, 2005 Why Our Food is So Dependent on Oil 321energy.com : ... today the food system is even more reliant on cheap crude oil. Virtually all of the processes in the modern food system are now dependent upon this finite resource, which is nearing its depletion phase. The systems that produce the world's food supply are heavily dependent on fossil fuels. Vast amounts of oil and gas are used as raw materials and energy in the manufacture of fertilisers and pesticides, and as cheap and readily available energy at all stages of food production ... ... fossil fuels are essential in the construction and the repair of equipment and infrastructure needed to facilitate this industry, including farm machinery, processing facilities, storage, ships, trucks and roads. The industrial food supply system is one of the biggest consumers of fossil fuels and one of the greatest producers of greenhouse gases. Oil output is expected to peak in the next few years and steadily decline thereafter ... in the near future, environmental threats will combine with energy scarcity to cause significant food shortages and sharp increases in prices - at the very least ... The priority must be the development of local and regional food systems, preferably organically based, in which a large percentage of demand is met within the locality or region ... You could always trade dollars for oil, what happens to dollars or gold if all the people with oil wake up tomorrow and say we don't want dollars or euros or gold, give us your virgins if you want the oil - then what happens? If I was in charge of the oil this is what I would want, send me your cindy crawfords and your brittneys and your maidchen amicks - but keep your breath of a sinner party BUSH girls. democracynow.org If you will watch the democracynow video of Mr. perkins - the economic hit man, he was sent by the NSA to corrupt this particular saudi prince - the prince had OIL, and wealth, and power - and they were finding it hard to CORRUPT this saudi prince - well they found something he wanted - a slutty american blonde that would let him do cigar tricks on her like monica - why didn't this fool take gold? Why did this saudi prince sell out his people and his morals for wet stinky hole off a slut blonde when he could have taken shiny metal - what a silly silly fool. The more I hear puplava say BUY GOLD its a 10 bagger while it goes nowhere and the stocks go negative, the more I think of that saudi prince who only wanted a slut blonde and her stinky hole and laughed at gold. 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.