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nobody wants gold! even not for 50 bucks! HOW STUPID ARE WE?
Posted 11-15-2009 at 05:21 AM by jaro g.
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Updated 04-27-2010 at 04:39 PM by jaro g. (added a chart abt gold ever mined + 2nd mark dice video)
Updated 04-27-2010 at 04:39 PM by jaro g. (added a chart abt gold ever mined + 2nd mark dice video)
Tags
gold
,
homo sapiens
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homo sapiens financialis
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mark dice
,
money
folks, i wouldn't believe that s.th. like that is possible! gold is above $1,100 and still nobody wants/needs/knows it?!? is homo sapiens actually soooo stupid?
Mark Dice tries to sell a one ounce pure cold coin for $50 but nobody has a clue how much gold is worth, and nobody wanted it.
watch on youtube: http://www.youtube.com/v/Gk5aRIz17fk
Mark Dice tries to sell a one ounce pure cold coin for $50 but nobody has a clue how much gold is worth, and nobody wanted it.
watch on youtube: http://www.youtube.com/v/Gk5aRIz17fk
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sorry folks, that blog post was in a 'draft status' and prolly not visible for you as i 1st wanted to see if the video is included correctly (hell, that was difficult to insert that ... not just copy the 'embedded' code from youtube and paste it in the blog edit window .... a formatting issue as the code was divided by some strange hyperlinks and blank spaces in pieces and could not composed to a video object => ???) .... and then i didn't find the place where simit hided the 'make me visible for all' button ...
well, too much choice is a nightmare for folks like me, you know?
lolPosted 11-15-2009 at 05:27 AM by jaro g.
Updated 11-15-2009 at 05:32 AM by jaro g. [Show Appreciation] What's This? -
btw, do you think these people are just acting? ... at least the girl who could get it for free would (in a real life environment) take it, wouldn't she?
hell, i'm a little bit confused ... and why does nobody make an offer like that to me?Posted 11-15-2009 at 05:42 AM by jaro g.
Updated 11-15-2009 at 05:52 AM by jaro g. [Show Appreciation] What's This? -
hey jaro,
lol yes i saw this mark dice video, it is funny in a way
however i think it is a bit misleading. at least in the USA if someone walks up to you like that with that type of an offer many people will think it is a scam just because of the way it is presented.
although in general i think most people do not understand gold, and that is why i think it is not a bubble (especially phyiscal gold).Posted 11-15-2009 at 07:55 AM by Simit Patel
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folks, i've just found IMO a very interesting chart abt the gold ever mined ... aaaaand funny cartoons as well,
any opinion on that?Posted 11-15-2009 at 09:45 AM by jaro g.
Updated 11-15-2009 at 06:57 PM by jaro g. (... aaaaand funny cartoons as well :)) [Show Appreciation] What's This? -
I couldn't stop laughing when I first saw this video! I would have jumped on that man to take that gold coin. lol.Posted 11-16-2009 at 02:19 AM by uahmed
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My thoughts exactly. Had someone suggested that deal to me, without a camera present, my first guess would've been that it's not real gold but if he could somehow prove to me that it was, I'd figure it was stolen property or something like that. If there was a camera, on the other hand, I'd assume it's an episode of candid camera or something.Quote:Originally Posted by Simit Patel
hey jaro,
lol yes i saw this mark dice video, it is funny in a way
however i think it is a bit misleading. at least in the USA if someone walks up to you like that with that type of an offer many people will think it is a scam just because of the way it is presented.
None of those people acted stupid because it is far more likely that there's a catch to it than that there's not. Those people acted on probabilities and you guys of all people as traders should know that even though they passed the offer, it doesn't make them stupid that the outcome of the "bet" would have been positive for them. Any sane person would assess that situation to be a negative-sum game because it is infinitely more likely that you're about to get hustled than that it just happens to be your lucky day.
It doesn't make you an idiot if you pass a low probability trade with mixed signals involved, despite the fact that it would've worked out in your favor in the end.
He didn't really prove that people don't understand gold, he just proved that it is extremely difficult to get people to make a deal which seems extremely illogical to them.
I sure as hell wouldn't have taken up his offer had he presented it to me.
-Demolition ManPosted 11-16-2009 at 05:25 PM by Demolition Man
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folks, you are prolly right ... if someone comes with a strange offer to unknown people and there is a camera behind, then its very likely there is some trick / comedy show / fake or the like involved ...
but at least it was fun watching it, i think ...
thx for your feedback,
j.Posted 11-16-2009 at 05:58 PM by jaro g.
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But the very fact they don't know how high gold is right now means they don't care and don't want to care. This is a sad case for them and i don't care either
Jaro, will it be wise to invest in gold say 2 ounces of gold at the current price? I think most people wouldn't buy gold now because there is a HIGH chance price will correct. I'm sure influenced by your blogs and i now want to get into that yellow metal. I know gold won't drop too much because it can't. It's one of the safest things to place my cash into. Do you advise me to wait for a better price to buy or what?
ForexerPosted 11-17-2009 at 07:08 AM by forexer
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why + when 2 buy gold?
hi forexer,Quote:Originally Posted by forexer
But the very fact they don't know how high gold is right now means they don't care and don't want to care. This is a sad case for them and i don't care either
Jaro, will it be wise to invest in gold say 2 ounces of gold at the current price? I think most people wouldn't buy gold now because there is a HIGH chance price will correct. I'm sure influenced by your blogs and i now want to get into that yellow metal. I know gold won't drop too much because it can't. It's one of the safest things to place my cash into. Do you advise me to wait for a better price to buy or what?
Forexer
1st of all, thx for your confidence in my ideas and of course you have 2 decide concerning your own feelings/considerations, but let's philosophize a little bit how could the best possible solution looks like
there are many reasons why 2 invest in gold/silver, so you have to decide what is the most important for you
1) as protection for your existing wealth?
i would suggest 2 start immediately with at least 50% of intended funds and prolly even with 100% of these funds. of course, it is a little bit late as the price is at all-time-high now, but who cares? if you want to make sure you don't like to risk losing your money on hyperinflation, so it still is ok. btw, i think the gold price will not fall below $1,000 in our lifetimes for longer than a week (if at all) and we will begin the year 2010 with a gold price above $1,300. of course, i could be wrong, but if you OWN + HAVE your kruger rand and/or american buffalo (my 2 favorites) and reverse them from one side to the other, u will not be less happy if the paper gold price falls 20 bucks on a 'red ink' day, will u?
2) as alternative 2 keeping monthly surpluses/savings in cash?
the easiest solution - just buy some gold/silver at the end of each month, no matter what the current price is, so you will buy more stuff if the price is low and less when the stuff is expensive ...
3) in order 2 protect yourself against monetary reform and riots in the streets?
buy small silver coins you could exchange for food then (1 oz american eagle, 1 oz canadian maple leaf, ...). why? you will prolly have to survive more than 2 days and as far as i know farmers give no change on kruger rand in war times ...
4) in order 2 make money?
buy silver instead of gold
5) because you like gold?
also easy, just buy GOLD (not GLD!)
6) ???
etc.
i hope it will help u to take the best decision for your specific situation :-),
just my 2 golden cents,
j.
ps: as for me, i've decided 2 place two different bets:
a) in order 2 protect myself + my family against hyperinflation and to make sure we could buy some food if no farmer and no baker accepts paper money, i've accumulated (hopefully enough) 1oz silver coins before the end of the last year .... yeahhhh, my worst-case-scenario-investment is today at least +30% more worth than last year, not bad return on insurance/security policy in a year, isn't it?
b) in order 2 make money i've invested abt 75%-90% of all my available funds in gold + silver + commodity stocks, especially in junior explorer companies ...
pps: do not forget InformedGold
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folks, i've posted this comment as a separate blog issue, so you could also follow that discusion here.Posted 11-17-2009 at 06:10 PM by jaro g.
Updated 11-21-2009 at 04:02 PM by jaro g. [Show Appreciation] What's This? -
the folks wanna PHYSICAL GOLD again!
mauritius: 2 tonnes (from IMF)
vietnam: 6 tonnes (from ???)
me: 4 shares InformedGold = 4/200 oz = 1/50 oz (from bullion vault)
go, gold bugs, go! Posted 11-21-2009 at 04:09 PM by jaro g.
Updated 11-21-2009 at 04:13 PM by jaro g. [Show Appreciation] What's This? -
Jaro,
Care to explain how IMF has so much floating supply of gold with them. Where did they get the gold? The open market?
ForexerPosted 11-21-2009 at 10:33 PM by forexer
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i think, the IMF was established before august 1971 in a semi-gold standard-world, in that kind of world NOBODY would trust them if they had not provided s.th. more reliable than just a holy faith in their promises (hell, how did the world change since then! 2day trusts the average guy on the street in his/her dollars, €uros, yens, ... more than in anything else!)Quote:Originally Posted by forexer
Jaro,
Care to explain how IMF has so much floating supply of gold with them. Where did they get the gold? The open market?
Forexer
well, that 'reliable stuff' was gold and it was provided by the members who established the IMF => the most of that 3,000 tonnes gold was provided directy by u.s. government/fed, what in reality means it was provided by the poor u.s. citizens ...
i've read that in some internet article months/years ago, so i do not remember all the details, but i'm sure the u.s. citizen was not asked if he/she is willing to donate/sell all that gold to the IMF
i hope that helpsPosted 11-22-2009 at 06:52 AM by jaro g.
Updated 11-22-2009 at 05:45 PM by jaro g. [Show Appreciation] What's This? -
folks, i've just stolen the 2nd funny mark dice video from freiheit's blog and enhanced the previous post.
wanna see it on youtube? http://www.youtube.com/v/WAaVK5AkZzIPosted 12-07-2009 at 06:48 PM by jaro g.
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PIE
YAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAYPosted 01-06-2010 at 08:49 AM by pie baker [Show Appreciation] What's This?
