Thread: Trading gold

Perhaps you could enlighten us peasants what is money exactly?

Originally Posted by Butterfly

Originally Posted by draco888

The point you are missing is that it is if people consider it as such.

the point you are missing is that it doesn't matter what they think, they might think it's food, it doesn't change the characteristics of Gold and Land as an asset and how they function as assets. If someone wants to use Land as money, why not. It doesn't mean it is.

Originally Posted by draco888

Why do you believe you are the arbiter of such things despite overwhelming indications to the contrary?

I am not the arbiter, that's my point, and neither are the peasants or the other fools buying Gold.

If they want to use rocks as money, why not ? they can do it, doesn't mean that rock is money.

Originally Posted by draco888

Do indians view gold as money? Yes I know these peasants are irrelevant in your opinion, just as your ideas are irrelevant to them.

again, you are missing the point. They could use bones or rocks as money, doesn't mean it is today. What they believe is irrelevant. Assets like Gold and Land have well documented characteristics so trying to project differently those characteristics to fit your distorted world is irrelevant. That's all I am saying.

Originally Posted by draco888

Hell I have even heard of some weird places that make coins out of gold because they considered it money, strange huh?

yes, the coins are the money, not Gold. The Gold in the coin is the asset backing the currency, nothing else, it's collateral. If Gold was really money, we wouldn't bother making coins out of them, would we ? we would simply pay with "bits" of Gold but strangely, it's always coins

hehe this is equivalent to your socal shipwreck comment

Originally Posted by Butterfly

Originally Posted by draco888

The point you are missing is that it is if people consider it as such.

the point you are missing is that it doesn't matter what they think, they might think it's food, it doesn't change the characteristics of Gold and Land as an asset and how they function as assets. If someone wants to use Land as money, why not. It doesn't mean it is.

why would they use land as money? you are funny!

Originally Posted by Butterfly

yes, the coins are the money, not Gold. The Gold in the coin is the asset backing the currency, nothing else, it's collateral. If Gold was really money, we wouldn't bother making coins out of them, would we ? we would simply pay with "bits" of Gold but strangely, it's always coins

ok in that case can i trade coins made out of gold with you for my coins?

wouldn't bother making making coins out of them? hehe a coin is a 'bit' of gold!

Originally Posted by draco888

this is equivalent to your socal shipwreck comment

yes you are funny,

Originally Posted by draco888

so how is gold not money?

when it is a necklace?

Originally Posted by DrAndy

Originally Posted by draco888

so how is gold not money?

when it is a necklace?

If its pure gold, it still stores purchasing power and is worth whatever the price of gold is.

Indians consider necklaces an investment.

Originally Posted by socal

Indians consider necklaces an investment.

Indians shit in their hand, so why should we care what they do as investment ?

Originally Posted by DrAndy

when it is a necklace?

can I buy my baguette with a Gold necklace ? of course not,

could I with a small Gold bar ? of course not

Could I with a Gold coin ? maybe,

surprise Gold has nothing to do with it in terms of actual money

Originally Posted by socal

is worth whatever the price of gold is.

a gold necklace is worth whatever the price of gold is ? how long did it take to figure that one out ? did you get help from your Gold buddy Socal 2.0 for that little gem ?

Originally Posted by draco888

Perhaps you could enlighten us peasants what is money exactly?

Butterfly, I noticed you avoided this question.

Originally Posted by draco888

Originally Posted by Butterfly

Originally Posted by draco888

The point you are missing is that it is if people consider it as such.

the point you are missing is that it doesn't matter what they think, they might think it's food, it doesn't change the characteristics of Gold and Land as an asset and how they function as assets. If someone wants to use Land as money, why not. It doesn't mean it is.

so how is gold not money?

Butterfly, I noticed you also avoided this question.

Originally Posted by Butterfly

Originally Posted by socal

Indians consider necklaces an investment.

Indians shit in their hand, so why should we care what they do as investment ?

Because they have a better investment track record than you on gold?

Originally Posted by draco888

Originally Posted by draco888

Perhaps you could enlighten us peasants what is money exactly?

Butterfly, I noticed you avoided this question.

No I didn't, this was answered already in this thread and in previous exchange we had

if you are suffering from memory loss, nothing I can do

try harder,

Originally Posted by Butterfly

Originally Posted by draco888

Originally Posted by draco888

Perhaps you could enlighten us peasants what is money exactly?

Butterfly, I noticed you avoided this question.

No I didn't, this was answered already in this thread and in previous exchange we had

if you are suffering from memory loss, nothing I can do

try harder,

Any good tips on what to buy in 2013?

nope, why ?

Originally Posted by Butterfly

nope, why ?

Because I'm sure with your impressive track record the hordes are ready to rush out and buy on your blessing.

Originally Posted by draco888

Because I'm sure with your impressive track record the hordes are ready to rush out and buy on your blessing.

my clients have an impressive track record, not me

after a big run on Corporate Bonds this year, some "correction" are expected in favor of Equity. We might see an horde of IPOs this year, if the first ones can hold their ground, unlike the Facebook disaster

Originally Posted by Butterfly

Originally Posted by draco888

Because I'm sure with your impressive track record the hordes are ready to rush out and buy on your blessing.

my clients have an impressive track record, not me

I bet they do, they have the finest contrary indicator.

Originally Posted by socal

If its pure gold, it still stores purchasing power and is worth whatever the price of gold is. Indians consider necklaces an investment.

yes, but that does not make it money

If that was all it took, I could say that anything was money, like a house or a vintage car

if the gold is a coin, then it is money

Originally Posted by draco888

I bet they do, they have the finest contrary indicator.

no, but they can be contrarians, like me

unlike you and Socal, they don't follow the fools game

Originally Posted by Butterfly

Originally Posted by draco888

I bet they do, they have the finest contrary indicator.

no, but they can be contrarians, like me

unlike you and Socal, they don't follow the fools game

Contrarian by not buying gold

Originally Posted by DrAndy

Originally Posted by socal

If its pure gold, it still stores purchasing power and is worth whatever the price of gold is. Indians consider necklaces an investment.

yes, but that does not make it money

If that was all it took, I could say that anything was money, like a house or a vintage car

if the gold is a coin, then it is money

don't try logic on Gold fools, they have the Gold fever

Originally Posted by draco888

Contrarian by not buying gold

have you checked the price of Gold lately ?