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Author Topic:   Who's the bigger offender: Conservatives or Liberals?
Taq
Member
Posts: 10199
Joined: 03-06-2009
Member Rating: 3.1


(4)
Message 646 of 773 (892576)
03-10-2022 5:40 PM
Reply to: Message 642 by Phat
03-10-2022 10:44 AM


Re: R E S P E C T
Phat writes:
Gold is still the final fallback value for the world....not the US Dollar nor any other currency.
The only reason gold has the value it has is that people will trade currency for it. If the price of gold was based on its intrinsic value as an industrial product the price would be a lot lower. If gold was not resistant to oxidation, a good reflector of IR, and a good conductor then it would have the same worth as NFT's or Bitcoin.
Finally answer me this. Why is the accepted value of gold (worldwide) based on dollars?
The Bretton Woods Agreement that was ratified after WWII. This agreement made the US Dollar the official reserve currency for the whole world.
Part of that original agreement was that the US Dollar would remain on the gold standard. However, that became a joke by the 1970's because there simply wasn't enough gold in the US to cover all of the notes. Nixon did the right thing (surprisingly) and took us off the gold standard. The US Dollar was still very stable and it was backed by the largest economy in the world, so everyone kept on using the US Dollar as the official reserve currency.
Edited by Taq, : No reason given.

Edited by Taq, : No reason given.


This message is a reply to:
 Message 642 by Phat, posted 03-10-2022 10:44 AM Phat has replied

Replies to this message:
 Message 694 by Phat, posted 03-13-2022 3:26 AM Taq has not replied

  
Tanypteryx
Inactive Member


(1)
Message 647 of 773 (892578)
03-10-2022 6:00 PM
Reply to: Message 645 by jar
03-10-2022 12:42 PM


Re: R E S P E C T
Plus the International Gold Reserves are valued at about $43.00 an ounce.
So, the spot price today is $1997.20.
After Phat's apocalypse, I wonder if he thinks he can buy $1997 worth of goods with a 1 ounce gold coin?

What if Eleanor Roosevelt had wings? -- Monty Python

One important characteristic of a theory is that is has survived repeated attempts to falsify it. Contrary to your understanding, all available evidence confirms it. --Subbie

If evolution is shown to be false, it will be at the hands of things that are true, not made up. --percy

The reason that we have the scientific method is because common sense isn't reliable. -- Taq


This message is a reply to:
 Message 645 by jar, posted 03-10-2022 12:42 PM jar has replied

Replies to this message:
 Message 648 by Taq, posted 03-10-2022 6:04 PM Tanypteryx has replied
 Message 649 by jar, posted 03-10-2022 6:08 PM Tanypteryx has replied

  
Taq
Member
Posts: 10199
Joined: 03-06-2009
Member Rating: 3.1


(3)
Message 648 of 773 (892579)
03-10-2022 6:04 PM
Reply to: Message 647 by Tanypteryx
03-10-2022 6:00 PM


Re: R E S P E C T
Tanypteryx writes:
After Phat's apocalypse, I wonder if he thinks he can buy $1997 worth of goods with a 1 ounce gold coin?
I am willing to bet I could buy more food with a fifth of whisk(e)y in the post-apocalyptic world than Phat could with a pound of gold. May have to start my own stockpile.

This message is a reply to:
 Message 647 by Tanypteryx, posted 03-10-2022 6:00 PM Tanypteryx has replied

Replies to this message:
 Message 651 by dwise1, posted 03-10-2022 8:11 PM Taq has not replied
 Message 667 by Tanypteryx, posted 03-11-2022 10:55 AM Taq has not replied

  
jar
Member
Posts: 34136
From: Texas!!
Joined: 04-20-2004
Member Rating: 3.4


(1)
Message 649 of 773 (892580)
03-10-2022 6:08 PM
Reply to: Message 647 by Tanypteryx
03-10-2022 6:00 PM


the post-apocalyptic world
Over the years I've been somewhat of an accumulator. Some things I've collected and jess kinda keep in the safe are knives (commercial, historical and custom), firearms and ammunition, mechanical watches, classic camping gear, field axes, hatchets and other hand tools. Many of them have been well used and cared for over the decades, particularly back when I did lots of camping and hiking in about every imaginable environment.
I wonder whether a vast hoard of gold or a whole bunch of tools that can be used without electricity, the internet or cell phone towers would be the better trade goods?
The neat thing is that I've also been able to use and enjoy the accumulations over countless hours and days and decades and continue to do so.
Went to the range just the other day.
Edited by jar, : fix sub-title

Edited by jar, : When ---> went


My Website: My Website

This message is a reply to:
 Message 647 by Tanypteryx, posted 03-10-2022 6:00 PM Tanypteryx has replied

Replies to this message:
 Message 650 by Tanypteryx, posted 03-10-2022 7:28 PM jar has not replied

  
Tanypteryx
Inactive Member


(2)
Message 650 of 773 (892584)
03-10-2022 7:28 PM
Reply to: Message 649 by jar
03-10-2022 6:08 PM


Re: the post-apocalyptic world
I am in the process of decluttering.
I invested in some rare books and inherited several exquisite antique cameras with red leather bellows. I have a mint condition [i]National Geographic[/qs] with the first published holograph on the cover, that may never be worth any real money but a neat item for Antique Road Show 2122. I have a cool brass compass that my grandfather gave me when I was about 10, that he carried in the Spanish American War and I also have the 30-40 Krag that was his service weapon.
And I also have some gold I bought many years ago with a dentist friend. We were going to investment cast it into a chess set for each of us, but he passed away before we could get it finished. It's still in a lockbox with some old coins and stamps my grandmother gave me.

What if Eleanor Roosevelt had wings? -- Monty Python

One important characteristic of a theory is that is has survived repeated attempts to falsify it. Contrary to your understanding, all available evidence confirms it. --Subbie

If evolution is shown to be false, it will be at the hands of things that are true, not made up. --percy

The reason that we have the scientific method is because common sense isn't reliable. -- Taq


This message is a reply to:
 Message 649 by jar, posted 03-10-2022 6:08 PM jar has not replied

  
dwise1
Member
Posts: 5992
Joined: 05-02-2006
Member Rating: 3.1


(2)
Message 651 of 773 (892587)
03-10-2022 8:11 PM
Reply to: Message 648 by Taq
03-10-2022 6:04 PM


Re: R E S P E C T
I am willing to bet I could buy more food with a fifth of whisk(e)y in the post-apocalyptic world than Phat could with a pound of gold.
Good luck finding a fifth of whisky to start your stockpile. Nearly half a century ago fifths (1/5 gallon = 757ml) were replaced by 750ml bottles.
After WWII, German farmers acquired lots of material wealth as the starving city dwellers bartered away their expensive furniture, clothes, jewelry, art objects, precious antique heirlooms, gold, etc for food which the farmers had and were producing. Urban resentment against those farmers persisted for decades.

This message is a reply to:
 Message 648 by Taq, posted 03-10-2022 6:04 PM Taq has not replied

  
AZPaul3
Member
Posts: 8616
From: Phoenix
Joined: 11-06-2006
Member Rating: 2.5


Message 652 of 773 (892589)
03-10-2022 9:05 PM
Reply to: Message 638 by Phat
03-10-2022 9:48 AM


Silver
Hey Phat man, didn’t you take a silver position a few months ago? That should be looking good right now.
You know these spikes in precious metals are temporary because of the world situation. As soon as it's resolved things will quite quickly return to normal. Either that or we get nuked and the precious metals market gets disintegrated along with the traders.

Eschew obfuscation. Habituate elucidation.

This message is a reply to:
 Message 638 by Phat, posted 03-10-2022 9:48 AM Phat has seen this message but not replied

Replies to this message:
 Message 653 by Tanypteryx, posted 03-10-2022 9:47 PM AZPaul3 has replied

  
Tanypteryx
Inactive Member


Message 653 of 773 (892595)
03-10-2022 9:47 PM
Reply to: Message 652 by AZPaul3
03-10-2022 9:05 PM


Re: Silver
Hey, wasn't there a James Bond plot, something about making gold radioactive?

What if Eleanor Roosevelt had wings? -- Monty Python

One important characteristic of a theory is that is has survived repeated attempts to falsify it. Contrary to your understanding, all available evidence confirms it. --Subbie

If evolution is shown to be false, it will be at the hands of things that are true, not made up. --percy

The reason that we have the scientific method is because common sense isn't reliable. -- Taq


This message is a reply to:
 Message 652 by AZPaul3, posted 03-10-2022 9:05 PM AZPaul3 has replied

Replies to this message:
 Message 654 by AZPaul3, posted 03-10-2022 10:14 PM Tanypteryx has replied
 Message 656 by dwise1, posted 03-10-2022 10:53 PM Tanypteryx has not replied

  
AZPaul3
Member
Posts: 8616
From: Phoenix
Joined: 11-06-2006
Member Rating: 2.5


Message 654 of 773 (892597)
03-10-2022 10:14 PM
Reply to: Message 653 by Tanypteryx
03-10-2022 9:47 PM


Re: Silver
Wasn't it Goldmember?

Eschew obfuscation. Habituate elucidation.

This message is a reply to:
 Message 653 by Tanypteryx, posted 03-10-2022 9:47 PM Tanypteryx has replied

Replies to this message:
 Message 655 by Tanypteryx, posted 03-10-2022 10:31 PM AZPaul3 has replied

  
Tanypteryx
Inactive Member


Message 655 of 773 (892598)
03-10-2022 10:31 PM
Reply to: Message 654 by AZPaul3
03-10-2022 10:14 PM


Re: Silver
Maybe, I never watched it.

What if Eleanor Roosevelt had wings? -- Monty Python

One important characteristic of a theory is that is has survived repeated attempts to falsify it. Contrary to your understanding, all available evidence confirms it. --Subbie

If evolution is shown to be false, it will be at the hands of things that are true, not made up. --percy

The reason that we have the scientific method is because common sense isn't reliable. -- Taq


This message is a reply to:
 Message 654 by AZPaul3, posted 03-10-2022 10:14 PM AZPaul3 has replied

Replies to this message:
 Message 657 by AZPaul3, posted 03-10-2022 11:16 PM Tanypteryx has not replied

  
dwise1
Member
Posts: 5992
Joined: 05-02-2006
Member Rating: 3.1


(2)
Message 656 of 773 (892604)
03-10-2022 10:53 PM
Reply to: Message 653 by Tanypteryx
03-10-2022 9:47 PM


Re: Silver
Hey, wasn't there a James Bond plot, something about making gold radioactive?
That was the Bond movie, Goldfinger. I read the novel over half a century ago, so I forget if that plot point was in the book (Wikipedia reports that the plot was to steal the gold in Fort Knox).

This message is a reply to:
 Message 653 by Tanypteryx, posted 03-10-2022 9:47 PM Tanypteryx has not replied

Replies to this message:
 Message 659 by xongsmith, posted 03-11-2022 1:43 AM dwise1 has replied

  
AZPaul3
Member
Posts: 8616
From: Phoenix
Joined: 11-06-2006
Member Rating: 2.5


(1)
Message 657 of 773 (892606)
03-10-2022 11:16 PM
Reply to: Message 655 by Tanypteryx
03-10-2022 10:31 PM


Re: Silver
Now you have me thinking. Crazy, I know.
Anyway, you got me from old funny movies to even older funny movies to Flash Gordon, Buster Crabbe. Those old neuronic connections are still strong. Not like dinner a few hours ago.
There is one scene, I think I remember, where Flash and company get into a railcar in the underground lair of some bad guy and speed along a tunnel. Then the bomb chasing them hits and explodes. End of episode.
Open the next episode with the same scene of the explosion. Then, as the smoke clears, Flash and friends are seated in the demolished cab. They stand and walk out of the smoldering cab through its destroyed walls into a scene filled with debris but without a mark or smudge on them and without a hair out of place.
Wonderful. I’m going to go find some YouTube vids.
Edited by AZPaul3, : No reason given.

Eschew obfuscation. Habituate elucidation.

This message is a reply to:
 Message 655 by Tanypteryx, posted 03-10-2022 10:31 PM Tanypteryx has not replied

Replies to this message:
 Message 658 by dwise1, posted 03-11-2022 1:38 AM AZPaul3 has not replied

  
dwise1
Member
Posts: 5992
Joined: 05-02-2006
Member Rating: 3.1


(2)
Message 658 of 773 (892624)
03-11-2022 1:38 AM
Reply to: Message 657 by AZPaul3
03-10-2022 11:16 PM


Re: Silver
One night on Johnny Carson, in the early 70's I think, he was reading from a new book which gave synopses for serials (film or radio or both). He kept reading the cliffhanger depicting certain death for the protagonist and then the next installment would basically just brush that aside. And with every one he read, Johnny's reaction would be a huge head-shaking "What?!?!" that got bigger with each one.
The only one I can still remember (why did so much of my life happen half a century ago?) was for Kit Carson, I think. The cliffhanger was that Kit was tied up in a boxcar and the bad guy throws in a bundle of dynamite and the boxcar explodes. The next episode starts with "Escaping the boxcar, Kit made his way ... ".
 
Then one night in Orange County, Calif, about 3 in the morning an earthquake hit which was strong enough to wake us up. I had grown up with earthquakes so as soon as I knew there was no damage I just wanted to get back to sleep for work the next day. But my wife was from Chicago so she freaked out and then she made sure to freak out our two young sons so everybody was on our bed freaking out and there was no way I was going to get any sleep.
She turned on the TV for the news of where the earthquake was, but it took a while for the newsroom to set up. In the meantime we ended up watching a Tarzan serial that had been spliced together as a single film -- I'm pretty sure it was The New Adventures of Tarzan (1935) starring Herman Brix. I recognized it from a film series in the mid-70'sat my university where they started out showing the serial as a serial.
In the scene in question, one installment ended with the bad guy getting the drop on Tarzan and shooting him point-blank in the face (he aimed and fired directly at the camera which was representing Tarzan's perspective). Then the next installment started with Tarzan ducking and grappling with the guy -- actually, the previous installment ended with the pistol firing point-blank and the next installment started with the preceding scene leading to a side shot of the duck-and-grapple with the shot going high.

This message is a reply to:
 Message 657 by AZPaul3, posted 03-10-2022 11:16 PM AZPaul3 has not replied

  
xongsmith
Member
Posts: 2603
From: massachusetts US
Joined: 01-01-2009


Message 659 of 773 (892625)
03-11-2022 1:43 AM
Reply to: Message 656 by dwise1
03-10-2022 10:53 PM


Re: Goldfinger
dwise1 writes:
Hey, wasn't there a James Bond plot, something about making gold radioactive?
That was the Bond movie, Goldfinger. I read the novel over half a century ago, so I forget if that plot point was in the book (Wikipedia reports that the plot was to steal the gold in Fort Knox
wiki missed it. radioactive for 58 years:
https://www.youtube.com/watch?v=efOL7hF-YDU
Edited by xongsmith, : include my sig

"I'm the Grim Reaper now, Mitch. Step aside."

- xongsmith, 5.7d


This message is a reply to:
 Message 656 by dwise1, posted 03-10-2022 10:53 PM dwise1 has replied

Replies to this message:
 Message 660 by AZPaul3, posted 03-11-2022 2:23 AM xongsmith has not replied
 Message 661 by dwise1, posted 03-11-2022 2:56 AM xongsmith has not replied

  
AZPaul3
Member
Posts: 8616
From: Phoenix
Joined: 11-06-2006
Member Rating: 2.5


Message 660 of 773 (892630)
03-11-2022 2:23 AM
Reply to: Message 659 by xongsmith
03-11-2022 1:43 AM


Re: Goldfinger
Goldfinger (1964) - Nuking Fort Knox
I like my answer better. Yours is more accurate, being actually right and all, but mine was more ...
pointed!


I think I'll leave now.

Eschew obfuscation. Habituate elucidation.

This message is a reply to:
 Message 659 by xongsmith, posted 03-11-2022 1:43 AM xongsmith has not replied

Replies to this message:
 Message 662 by Minnemooseus, posted 03-11-2022 3:08 AM AZPaul3 has replied

  
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