Gold Redux: What do you folks thing about this?

[scaredyclassic]

one icky fact; gold mining is very environmentally bad

[Arraya]

[quote=scaredycat]one icky fact; gold mining is very environmentally bad[/quote]

Good point. I personally don’t think Gold will be relevant 10 years from now. Though, I think as the old system fails people will cling to it. In the end, the only thing that really matters are things that sustain life and have utility value. Though, we are still too stupid to realize that yet.

My point was the whole monetary system is a ponzi scheme by definition, that requires constant new debt and constant resource and energy inputs. Obviously in a finite world with limits that is 100% unsustainable. It’s actually a cartoonish error, when you think about it.

[Arraya]

[quote=scaredycat]one icky fact; gold mining is very environmentally bad[/quote]

Good point. I personally don’t think Gold will be relevant 10 years from now. Though, I think as the old system fails people will cling to it. In the end, the only thing that really matters are things that sustain life and have utility value. Though, we are still too stupid to realize that yet.

My point was the whole monetary system is a ponzi scheme by definition, that requires constant new debt and constant resource and energy inputs. Obviously in a finite world with limits that is 100% unsustainable. It’s actually a cartoonish error, when you think about it.

[Arraya]

[quote=scaredycat]one icky fact; gold mining is very environmentally bad[/quote]

Good point. I personally don’t think Gold will be relevant 10 years from now. Though, I think as the old system fails people will cling to it. In the end, the only thing that really matters are things that sustain life and have utility value. Though, we are still too stupid to realize that yet.

My point was the whole monetary system is a ponzi scheme by definition, that requires constant new debt and constant resource and energy inputs. Obviously in a finite world with limits that is 100% unsustainable. It’s actually a cartoonish error, when you think about it.

[Arraya]

[quote=scaredycat]one icky fact; gold mining is very environmentally bad[/quote]

Good point. I personally don’t think Gold will be relevant 10 years from now. Though, I think as the old system fails people will cling to it. In the end, the only thing that really matters are things that sustain life and have utility value. Though, we are still too stupid to realize that yet.

My point was the whole monetary system is a ponzi scheme by definition, that requires constant new debt and constant resource and energy inputs. Obviously in a finite world with limits that is 100% unsustainable. It’s actually a cartoonish error, when you think about it.

[Arraya]

[quote=scaredycat]one icky fact; gold mining is very environmentally bad[/quote]

Good point. I personally don’t think Gold will be relevant 10 years from now. Though, I think as the old system fails people will cling to it. In the end, the only thing that really matters are things that sustain life and have utility value. Though, we are still too stupid to realize that yet.

My point was the whole monetary system is a ponzi scheme by definition, that requires constant new debt and constant resource and energy inputs. Obviously in a finite world with limits that is 100% unsustainable. It’s actually a cartoonish error, when you think about it.

[peterb]

I think a lot of people are watching it very closely now. If it breaks $1040. It’ll be off to the races for it. I’d still keep my physical as insurance against the unknown. But the gold mining companies will sky rocket on this event.

[peterb]

I think a lot of people are watching it very closely now. If it breaks $1040. It’ll be off to the races for it. I’d still keep my physical as insurance against the unknown. But the gold mining companies will sky rocket on this event.

[peterb]

I think a lot of people are watching it very closely now. If it breaks $1040. It’ll be off to the races for it. I’d still keep my physical as insurance against the unknown. But the gold mining companies will sky rocket on this event.

[peterb]

I think a lot of people are watching it very closely now. If it breaks $1040. It’ll be off to the races for it. I’d still keep my physical as insurance against the unknown. But the gold mining companies will sky rocket on this event.

[peterb]

I think a lot of people are watching it very closely now. If it breaks $1040. It’ll be off to the races for it. I’d still keep my physical as insurance against the unknown. But the gold mining companies will sky rocket on this event.

[partypup]

[quote=4plexowner]

the second phase is when institutional money recognizes the new trend and takes a position – I’m not sure when the 2nd phase started but it is definitely happening now as we see news like this:

– Paulson’s Hedge Fund Bought Gold Stock, Miners in First Quarter
http://www.bloomberg.com/apps/news?pid=20601110&sid=a5pBM08jxvlE
$5.3 billion investment in gold

– Traditional Holders of Dollars Begin To Diversify
http://news.goldseek.com/GoldSeek/1244217600.php
$400 million investment[/quote]

Or when an insurance company buys $400 million in gold for the first time in 152 years. And I’m betting they sold more than a few U.S. bonds in order to make this acquisition.

http://www.bloomberg.com/apps/news?pid=email_en&sid=ajf0L9wTPq6Y

[partypup]

[quote=4plexowner]

the second phase is when institutional money recognizes the new trend and takes a position – I’m not sure when the 2nd phase started but it is definitely happening now as we see news like this:

– Paulson’s Hedge Fund Bought Gold Stock, Miners in First Quarter
http://www.bloomberg.com/apps/news?pid=20601110&sid=a5pBM08jxvlE
$5.3 billion investment in gold

– Traditional Holders of Dollars Begin To Diversify
http://news.goldseek.com/GoldSeek/1244217600.php
$400 million investment[/quote]

Or when an insurance company buys $400 million in gold for the first time in 152 years. And I’m betting they sold more than a few U.S. bonds in order to make this acquisition.

http://www.bloomberg.com/apps/news?pid=email_en&sid=ajf0L9wTPq6Y

[partypup]

[quote=4plexowner]

the second phase is when institutional money recognizes the new trend and takes a position – I’m not sure when the 2nd phase started but it is definitely happening now as we see news like this:

– Paulson’s Hedge Fund Bought Gold Stock, Miners in First Quarter
http://www.bloomberg.com/apps/news?pid=20601110&sid=a5pBM08jxvlE
$5.3 billion investment in gold

– Traditional Holders of Dollars Begin To Diversify
http://news.goldseek.com/GoldSeek/1244217600.php
$400 million investment[/quote]

Or when an insurance company buys $400 million in gold for the first time in 152 years. And I’m betting they sold more than a few U.S. bonds in order to make this acquisition.

http://www.bloomberg.com/apps/news?pid=email_en&sid=ajf0L9wTPq6Y

[partypup]

[quote=4plexowner]

the second phase is when institutional money recognizes the new trend and takes a position – I’m not sure when the 2nd phase started but it is definitely happening now as we see news like this:

– Paulson’s Hedge Fund Bought Gold Stock, Miners in First Quarter
http://www.bloomberg.com/apps/news?pid=20601110&sid=a5pBM08jxvlE
$5.3 billion investment in gold

– Traditional Holders of Dollars Begin To Diversify
http://news.goldseek.com/GoldSeek/1244217600.php
$400 million investment[/quote]

Or when an insurance company buys $400 million in gold for the first time in 152 years. And I’m betting they sold more than a few U.S. bonds in order to make this acquisition.

http://www.bloomberg.com/apps/news?pid=email_en&sid=ajf0L9wTPq6Y

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