People Are So Clueless About Gold!, page 2

reply to post by cloudbreak

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well for one he wasnt selling anything in that particular video. so discuss on point. second he was just asking them to guess and he even offered them 50% variance. if somebody with a cam stopped me int he street and said i could take home for free a gold coin if i guessed the current market value. you bet your ass i would give it a shot.

1. because i know how much it is and

2. because it cant be a scam if your not paying for it.

All these hypothetical scenarios about cops and stings are pretty far fetched and clearly the delusions of a paranoid mind. and to be honest if the thought processes of these average joe's on the street were more skeptical of their governments actions and less skeptical about a guy on the street trying to give them a thousand dollars worth of gold they would be in a much better state.

you can slice it you can dice it but there just is no getting around the fact that the majority of americans are dumb sorry but i call it like i see it. you dont have to like it you just have to accept it. Keep in mind i said majority not all and no country is perfect we all have idiots. you just have a lot more than we do.

reply to post by Blue_Jay33

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Given the by-the-minute fluctuations in gold prices, and the admitted ignorance of the people involved as to how pure the gold was or how much it weighed, it's kind of a trick question setup anyway.

It could be 100% pure, melt-in-your-hand atomic gold... or it could be three-dollar checkout lane jewelry spray-ion gold. China might be working on lots of circuitry today, or they could not be.

Furthermore, can you guess how much this is worth?


If you can't give me an exact price, or even a good ballpark figure, does that mean you're a stupid dumbass who needs to die in a zombie apocalypse, as some posters here are saying?

No, it just means you probably don't use rubies in trade, just like most people don't use gold, silver, coconut husks, or small dogs as trade items.

reply to post by TheWalkingFox

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ruby's are not priced on weight but arbitrary perimeters like cut colour and clarity same goes for all precious and semi precious jewels. also rubies unlike gold was never used as a standard currency all over the world. yes they were used as currency but because of the rarity of the gem it wasnt a viable form of currency. AND the price of rubies arbitrary as it might be isnt on the evening news EVERYDAY. the price of gold is made abundantly clear. I think the point of the video is to prove that the average joe has no clue or inclination as to whats really going on in the country financially or even politically for that matter.

Most of the tools think its a game and they simply pick a side and barrack for their team. If thats not idiotic mentality i dont know what is. To quote Chris Rock" there is somethings im liberal about and some things im conservative about..prostitution im liberal crime im conservative" his words not mine.

and in closing there is no reference of size so there is absolutely no way to determine the price. but if i had to guess a pure red ruby with no imperfection about 1 cm square is worth about 15 to 20 thousand dollars give or take a thousand. that was the last time i checked about 2 years ago.

reply to post by TiM3LoRd

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And gold is priced on similar "arbitrary" parameters (purity, primarily), and is no longer used in trade except in small circles. Think of it as the high roller version of Magic cards.

I'm not sure what angle you're coming at. Some posts you're talking about a SHTF situation but... I can't think of any more USELESS time to own gold than a SHTF scenario. Can you eat it? No. Can you trade it? No, because other people can't eat it. It's useful in high-end technology, but you can't plor a field or fix an axle or breed a horse with gold.

Gold is only valuable in a stable society that has time for useless decorative commodities and / or the technological infrastructure to use it for practical applications. Outside those parameters, it's garbage. If the world goes to hell, I'd rather have a female mixed-breed horse than all the gold in the world (for the milk, you pervs)

Now this brings the question then, why do we no longer use it as a currency standard?

Same reason we don't use diamonds - there's not enough of it. Can you imagine being the poor schlub flipping burgers for three grains of gold dust a week? Don't sneeze! Flatly put, there's simply not enough gold to base the economy of a nation of any size on, especially one one that engages in foreign trade. North Korea could probably use a gold standard - the United states very certainly cannot.

[edit on 4-2-2010 by TheWalkingFox]

reply to post by TheWalkingFox

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Come on the price of gold is in the paper everyday for people to read and know about, rubies are not. That is not a good comparison.

reply to post by TheWalkingFox

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First of all there are 2 bassic SHTF one where infrastructure stops and one where society completely falls apart in the latter gold would still be used as a form of high end trade along with bartering. In the former where society completely breaks down and you have gangs of people roaming the streets you and your horse would last a day maybe two.

Also gold that is traded is not subject to speculation it's always 24k and either sold as coins ingots or bars. All having different weights and prices. And your mistaken in the fact that diamonds are rare they are not. Rubies are much rarer but the diamond market is controlled and only a certain amount are released each year so they don't devalue. Also gold coin has been used as currency since the Sumerian era.

Originally posted by In nothing we trust
Brass trumps both Tin cans and Gold.

Maybe so..there are always the proverbial "brass tacks."

Personally, these day's I'd be quite happy to stock my sooper-secret bunker with bricks of Gadolinium or Ytterbium. Looks like they aren't making any more of that sort of thing, at least in most parts of the world.


[edit on 2/4/10 by silent thunder]

Originally posted by TheWalkingFox
reply to post by TiM3LoRd

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I'm not sure what angle you're coming at. Some posts you're talking about a SHTF situation but... I can't think of any more USELESS time to own gold than a SHTF scenario.

[edit on 4-2-2010 by TheWalkingFox]

I'm not sure who you think i am but im pretty sure i didnt mention any SHTF scenarios untill you mentioned it. I think you might have another users post confused with mine. Little details like knowing who your responding to, eliminates the assumption that you dont know what your doing or talking about.

reply to post by TiM3LoRd

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reply to post by TiM3LoRd

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Fair enough, but the jist of my point still stands - there are a lot of factors, particularly in the scenario of the video in question, that will influence the way people behave. Especially when someone is selling something valuable, for dirt cheap on the street. Or even worse, offering to give it away free for no apparent reason.

Alarm bells, in my opinion. Not everyone would have your attitude - many would be thinking scam, humiliation on camera, or something illegal. This is not the thinking of a delusional, paranoid mind as you suggest, but a rational, careful one.

What that guy is doing is not a normal thing to do (unless it was an obvious, sponsored, commercialized competition or the like) - you'd have to question the motivation of a wierdo on the street coming up to you randomly and offering to give away, or sell you cheap gold.

Originally posted by cloudbreak
reply to post by TiM3LoRd

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reply to post by TiM3LoRd

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- many would be thinking scam, humiliation on camera, or something illegal.

yeah they certainly didn't humiliate themselves on cam

People Are So Clueless About Gold Bugs

New Credit Card Coming for Gold Bugs; Golden Spike Might Be Just What Ailing Economy Needs

Sweeping changes in credit card industry to benefit not only consumers, but gold bugs too, who'll be able for first time to charge purchases against 'liquid gold.'

BOCA RATON, Fla., March 1 /PRNewswire/ -- New credit card laws can bring sweeping changes and even "golden opportunities" that could be just what the doctor ordered to perk up an ailing economy.

In particular, Public Law 111-24, the Credit Card Accountability Responsibility and Disclosure Act of 2009 whose major provisions are effective February 2010, provides new legislation pertaining to credit cards which will make them not only easier to understand, but offer a "golden opportunity" for those who want to have a new credit card backed by gold, rather than dollars.

Gold Bullion Cardholders will have their coins deposited in a highly secure and fully insured vault, and will continue to receive the benefit of any rising value of gold, while their gold serves as collateral for the card.

Delaware Depository Service is an exchange licensed and CFTC approved, fully -secured precious metal vault, where bullion and coin deposits are insured by Lloyds of London.

Full Text

Right....bona fide Gold Bugs are gonna rush to pull-in their perimeter trip flares and claymores , cut through 3 bands of concertina wire , remove 2 - 4 cubic yards of dirt , and send their bullion off for storage at the Comex metals warehouse in Delaware.

Give me a break.

The Gold Bullion Card™

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