SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: benwood who wrote (41600)11/22/2005 11:22:04 PM
From: NOW  Respond to of 116555
 
ROFL! "please sir, may i 'ave second helping of that gold on your plate?"



To: benwood who wrote (41600)11/28/2005 3:32:18 AM
From: shades  Respond to of 116555
 
My niece waited in line for many hours to get STUFF on black friday - xbox 360 - mp3 player - HDTV - etc etc - that takes ENERGY to run - oil can provide that energy - so in her "supply chain" of entertainment and happiness - OIL can be part of the equation. Therefore it fits the generals statement of prices going up in everything you NEED.

Gold does not fit into her supply chain long term. I did not see anybody lined up at the pawn shops or coin shops buying gold for black friday - why is that? Did you? Maybe in Florida they are just too ignorant to realize that polishing a shiny lump of gold is more fun than HDTV hulk hogan, shaq, xbox etc etc.

You may can take your gold and exchange it with paper money and then exchange that for oil - but see you are introducing a middle man - you don't need it - what you really NEED as the general says - is the OIL - the gold has no real use to you other than to facilitate some oil coming your way to power the stuff you want and NEED. Technology today is very good and getting better - xbox 360 is one of the first large scale consumer devices with Digital Rights Management I believe. See today instead of gold we can use things like cryptography and databases to keep track of who has what and has earned what. Gold may go up in price to 800 an ounce per dollars - but as the General says - I believe everything you really NEED will go up a higher percentage in an inflationary evironment. In your land if you can show me videos of people lining up in freezing cold outside of coin shops for lumps of gold - maybe I will change my beliefs as to what people really NEED.

I have seen 2 coin shops go out of business locally in the past year, and 3 pawn stores. I have seen a new starbucks and 2 new dunkin donuts and 2 new buffets open though - what was it the general said about what people NEED?

If I have all the oil and dunkin donuts, and you have all the gold - who plays their xbox and eats nice donuts? When you realize damn this shiny metal is not entertaining me and I can't eat it - then you want to come attack me - well I have the oil to make the tanks go - see how silly GOLD is for the reasons you are trying to say?