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79
Baht becoming ridiculously strong
Your position is based upon gold having a fixed supply. As has been pointed out, supply and demand is a major factor in determining a commodity's value. Australia and Russia have the largest gold reserves in the ground (about 2/3 of the worlds unmined reserves), If they so wanted either one of them could flood the market and crash the value of cold. The US holds the largest gold reserves in the world, and if it wanted could release some gold and manipulate the price of gold. I offer that the value of gold is inflated through manipulation. It is not as bad as the ridiculously false high value of diamonds, but it is there. Some countries do not bother with gold reserves. It's an expense to hold and to store and for what? Gold is only one commodity. Canada does not have gold reserves, although it has about 6% of unmined world reserves. Its reasoning is sound. The country holds US$10+ billion in foreign exchange reserves, consisting of a diverse number of foreign currencies. Canada also holds massive commodity reserves in oil & gas, lumber, minerals, water, food and power generation. The Canadian government holds billions of assets in financial instruments that are used to respond to market pressures. Gold is one single commodity. A basket of diverse valuable commodities spreads risk and is far better to respond to catastrophic incidents. You can't eat gold, but you will need electricity and petro products to operate, and you will need potash to grow crops, fish to eat and lumber to build with etc. Modern wars are more likely to be fought over food, water and energy. They are not fought over gold. -
10
Trump Attempts to Delay Sentencing in Hush Money Case
Judge delays Trump’s sentencing until after the election IMO the judge is going to sock it to him. Should DT legitimately win the election the situation will be dumped into the lap of the US gov't. The Originalists will come up with all sorts of comedic talking points (as usual) about how the founding fathers should handle a case of a felon becoming president. Apparently the founding fathers had no qualms about strip clubs, otherwise they would have mentioned it. 😳 -
28
Splitting my time between Thailand & my originating country....
9 months a year on visa exempt since 2017 i dont believe you never heard of a single person being able to get away with that. Valid point about visa exempt as oppose to setv since it currently offers same amount of days at present. However immigration will only let you get away with so many visa exempts per year before they ask you to get a visa thats 1 reason why people in Thailand for most of the year would still get the visa to decrease the chances of being denied at the airport for too many visa exempts. -
14
Body of Missing Man Found in Wang River After Falling From Tree While Sleeping
why would peoples climb in trees to take a nap??????????? they feel like they are animals or birds?????? -
2
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44
/Featured Quiz 6 September - Weekly Featured Quiz - General Knowledge
I just completed this quiz. My Score 30/100 My Time 70 seconds -
57
Trump Has 'Very' Rocky Moment On Fox News As He Repeatedly Denies Being Weird
the fact that his being out there is causing him more problems than not being out there KH is doing the smart thing. if you knew more about campaigning you'd know exactly what KH was doing. -
123
New travel rules: Thailand’s ETA to shake up visa-free visitors
I'm just following the lead from the OP which says "much like systems in Malaysia and Cambodia. " -
7
Can you defend yourself?
If I recall right, you start drinking at 7 in the morning, so taking good care of yourself raises some doubts. -
62
Hunter Biden's Surprising Last-Minute Guilty Plea in Tax Evasion Case
Show some respect. -
43
airasia cancellation when can u get a refund back????
my best friend had the same thing last year. He did need to wait about 3 months or so but he got all his money back -
7
Can you defend yourself?
You ignored me, I ask you again: how many fights did you have and how many did you win, MR real man? -
8
Gas Explosion in Chiang Mai Restaurant: One Injured, Extensive Damage
and nobody tried to rescue the bike and motorbike -
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22
AR-style rifle Purchased as Present to Son by Father of Georgia School Shooting Suspect
"Daddy, buy me an Uzi?"
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