Naam Posted March 15, 2018 Share Posted March 15, 2018 3 hours ago, talahtnut said: Mocking precedes learning. Get some sleep..don't worry about it.. anybody who claims that Gold has kept its value has still a lot to learn and that starting from the scratch including simple basic arithmetics. let's start today... repeat after me ''two plus two equals four''. 1 Link to comment Share on other sites More sharing options...
talahtnut Posted March 15, 2018 Share Posted March 15, 2018 7 hours ago, Naam said: anybody who claims that Gold has kept its value has still a lot to learn and that starting from the scratch including simple basic arithmetics. let's start today... repeat after me ''two plus two equals four''. A simple question for you: Can you guarantee the same worth of you dollar or pound for next year. Only fools trust fiat currency. You seem to be a victim of the grand illusion. That which is limited and desirable will always be valuable. Your scrap of paper with a dollar or pound written on it is another story. I hope this is simple enough for you to grasp. Link to comment Share on other sites More sharing options...
Naam Posted March 15, 2018 Share Posted March 15, 2018 2 hours ago, talahtnut said: A simple question for you: Can you guarantee the same worth of you dollar or pound for next year. Only fools trust fiat currency. You seem to be a victim of the grand illusion. That which is limited and desirable will always be valuable. Your scrap of paper with a dollar or pound written on it is another story. I hope this is simple enough for you to grasp. yes Sir, you are simple enough to grasp. Link to comment Share on other sites More sharing options...
talahtnut Posted March 15, 2018 Share Posted March 15, 2018 45 minutes ago, Naam said: yes Sir, you are simple enough to grasp. Enough of this boring nonsense. If you are open for knowledge...Study the techniques of the Warren Buffets of this world. Then you can tell him what he's doing wrong. 1 Link to comment Share on other sites More sharing options...
Popular Post Naam Posted March 16, 2018 Popular Post Share Posted March 16, 2018 6 hours ago, talahtnut said: Enough of this boring nonsense. If you are open for knowledge...Study the techniques of the Warren Buffets of this world. Then you can tell him what he's doing wrong. Quote Warren Buffett does not invest in gold. He has invested almost $1 billion in silver, so the reason for his aversion to investing in gold is not simply a dislike for precious metals. The explanation for Buffett's dislike of gold and for his enthusiasm about silver stems from Buffett's basic value investing principles. Warren Buffett has been very vocal about his disdain for gold as an investment. He sees little to no value in gold. What Buffett refers to as a lack of value results from a lack of usefulness. He once stated about gold, "It doesn't do anything but sit there and look at you." https://www.investopedia.com/ask/answers/021615/does-warren-buffett-invest-gold-why-or-why-not.asp 3 Link to comment Share on other sites More sharing options...
simoh1490 Posted March 16, 2018 Share Posted March 16, 2018 That's funny, game set and match I think....anyone for tiddlywinks. 1 Link to comment Share on other sites More sharing options...
talahtnut Posted March 16, 2018 Share Posted March 16, 2018 4 hours ago, simoh1490 said: That's funny, game set and match I think....anyone for tiddlywinks. Too complicated for me, but I'll give you a game of Irish noughts and crosses-- Link to comment Share on other sites More sharing options...
talahtnut Posted March 16, 2018 Share Posted March 16, 2018 4 hours ago, Naam said: That is my point, now you are learning. Warren is correct, gold retains its value, and nothing more, as it has for five thousand years. I do as Warren does... make money work. Link to comment Share on other sites More sharing options...
jerry921 Posted March 16, 2018 Share Posted March 16, 2018 I've never found arguing about gold with someone worth my time. It seems to have no effect. You can never convince a gold bug, they just sit there and look at you. 1 Link to comment Share on other sites More sharing options...
Berkshire Posted March 16, 2018 Share Posted March 16, 2018 16 hours ago, talahtnut said: A simple question for you: Can you guarantee the same worth of you dollar or pound for next year. Only fools trust fiat currency. You seem to be a victim of the grand illusion. That which is limited and desirable will always be valuable. Your scrap of paper with a dollar or pound written on it is another story. I hope this is simple enough for you to grasp. I'm sorry, but anyone who uses the term "fiat currency" is just a bit over the deep end. How do you pay your bills if not with "fiat currency?" Money in itself is worthless except what you can purchase with it. I don't invest in dollars or pounds, but I do use money to invest in things like real estate, stocks, etc. If you think that investing in gold is better than investing in land or Apple stock, just say so. But this harping on fiat currency is pointless. 1 Link to comment Share on other sites More sharing options...
talahtnut Posted March 16, 2018 Share Posted March 16, 2018 (edited) 40 minutes ago, Berkshire said: I'm sorry, but anyone who uses the term "fiat currency" is just a bit over the deep end. How do you pay your bills if not with "fiat currency?" Money in itself is worthless except what you can purchase with it. I don't invest in dollars or pounds, but I do use money to invest in things like real estate, stocks, etc. If you think that investing in gold is better than investing in land or Apple stock, just say so. But this harping on fiat currency is pointless. You're quite right mate..I was trying to explain that gold has a value that doesn't change. I don't have gold.. I have a farm in the UK and renovate old houses with my son who is architect.. So I am always skint..and no-one understands me! Edited March 16, 2018 by talahtnut not changed Link to comment Share on other sites More sharing options...
Naam Posted March 16, 2018 Share Posted March 16, 2018 8 hours ago, jerry921 said: I've never found arguing about gold with someone worth my time. It seems to have no effect. You can never convince a gold bug, they just sit there and look at you. and are sore losers Link to comment Share on other sites More sharing options...
SheungWan Posted March 16, 2018 Share Posted March 16, 2018 On 3/15/2018 at 9:26 PM, talahtnut said: A simple question for you: Can you guarantee the same worth of you dollar or pound for next year. Only fools trust fiat currency. You seem to be a victim of the grand illusion. That which is limited and desirable will always be valuable. Your scrap of paper with a dollar or pound written on it is another story. I hope this is simple enough for you to grasp. I am not sure you understand the meaning of exchange value. 1 oz of gold exchange value against USD is currently around $1300+. What value are you wanting to assess gold other than compared to itself? Link to comment Share on other sites More sharing options...
talahtnut Posted March 16, 2018 Share Posted March 16, 2018 28 minutes ago, SheungWan said: I am not sure you understand the meaning of exchange value. 1 oz of gold exchange value against USD is currently around $1300+. What value are you wanting to assess gold other than compared to itself? Demand makes the price. Link to comment Share on other sites More sharing options...
lannarebirth Posted March 16, 2018 Share Posted March 16, 2018 On 3/15/2018 at 7:26 AM, talahtnut said: A simple question for you: Can you guarantee the same worth of you dollar or pound for next year. Speaking for myself, no I can not. The remedy I've found that works best is to make more of those dollars against the possibility that each of them may become worth less. I'm not particularly fond of this strategy but it is what works best for me in a global economy that I can't change one iota. Link to comment Share on other sites More sharing options...
SheungWan Posted March 17, 2018 Share Posted March 17, 2018 (edited) 6 hours ago, SheungWan said: I am not sure you understand the meaning of exchange value. 1 oz of gold exchange value against USD is currently around $1300+. What value are you wanting to assess gold other than compared to itself? 6 hours ago, talahtnut said: Demand makes the price. The answer to my "I am not sure...." appears to be a straight no. Edited March 17, 2018 by SheungWan Link to comment Share on other sites More sharing options...
talahtnut Posted March 17, 2018 Share Posted March 17, 2018 41 minutes ago, SheungWan said: The answer to my "I am not sure...." appears to be a straight no. Gold value is unchanged but price changes. We all know you know the answers..So what motivates you to ask me silly questions? Link to comment Share on other sites More sharing options...
Naam Posted March 17, 2018 Share Posted March 17, 2018 6 hours ago, talahtnut said: Gold value is unchanged but price changes. Link to comment Share on other sites More sharing options...
KhunBENQ Posted March 17, 2018 Share Posted March 17, 2018 (edited) I love this thread title (started Nov 2016). Baht depreciation expected The "depreciation" since then: For the EUR it looks a bit less depressing. Edited March 17, 2018 by KhunBENQ 2 Link to comment Share on other sites More sharing options...
simoh1490 Posted March 17, 2018 Share Posted March 17, 2018 2 minutes ago, KhunBENQ said: I love this thread title (started Nov 2016). Baht depreciation expected The "depreciation" since then: Ah yes, but now look at the fall in the Dollar Index over that same period: https://www.investing.com/quotes/us-dollar-index-streaming-chart 1 Link to comment Share on other sites More sharing options...
talahtnut Posted March 17, 2018 Share Posted March 17, 2018 (edited) 1 hour ago, Naam said: A brief example: In New York gold is approx $1300..on a dry desert island it is worth the same, but you would sell it for the price, of a bottle of water. Price and worth? And I would be laughing at you. Edited March 17, 2018 by talahtnut addition Link to comment Share on other sites More sharing options...
Naam Posted March 17, 2018 Share Posted March 17, 2018 (edited) 1 hour ago, talahtnut said: A brief example: In New York gold is approx $1300..on a dry desert island it is worth the same, but you would sell it for the price, of a bottle of water. Price and worth? And I would be laughing at you. Edited March 17, 2018 by Naam Link to comment Share on other sites More sharing options...
Naam Posted March 17, 2018 Share Posted March 17, 2018 Just now, Naam said: you wouldn't be laughing looking into the barrel of a gun. Link to comment Share on other sites More sharing options...
talahtnut Posted March 17, 2018 Share Posted March 17, 2018 14 minutes ago, Naam said: Can you smell the Novachok yet? Link to comment Share on other sites More sharing options...
talahtnut Posted March 17, 2018 Share Posted March 17, 2018 18 minutes ago, Naam said: you wouldn't be laughing looking into the barrel of a gun. Can you smell the Novachok yet? Link to comment Share on other sites More sharing options...
Naam Posted March 17, 2018 Share Posted March 17, 2018 1 hour ago, talahtnut said: Can you smell the Novachok yet? do you mean новачок? Link to comment Share on other sites More sharing options...
talahtnut Posted March 17, 2018 Share Posted March 17, 2018 20 minutes ago, Naam said: do you mean новачок? I'll have to email my mate Putin on that, he possibly might know. Link to comment Share on other sites More sharing options...
lannarebirth Posted March 17, 2018 Share Posted March 17, 2018 7 hours ago, KhunBENQ said: I love this thread title (started Nov 2016). Baht depreciation expected The "depreciation" since then: For the EUR it looks a bit less depressing. There is no more "conventional wisdom" than that of journalists and conventional wisdom in almost every case turns out to be wrong. 2 Link to comment Share on other sites More sharing options...
oldhippy Posted March 17, 2018 Share Posted March 17, 2018 4 minutes ago, lannarebirth said: There is no more "conventional wisdom" than that of journalists and conventional wisdom in almost every case turns out to be wrong. I second that - and that applies to economists too. I should know, as I was a macro economics lecturer. The world has become so unstable, anything can happen. Link to comment Share on other sites More sharing options...
lannarebirth Posted March 17, 2018 Share Posted March 17, 2018 23 minutes ago, oldhippy said: I second that - and that applies to economists too. I should know, as I was a macro economics lecturer. The world has become so unstable, anything can happen. I think economists established the original #MeToo movement. 1 Link to comment Share on other sites More sharing options...
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