Weekly Initial Unemployment Claims Decrease to 217,000
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The DOL reported:
In the week ending November 9, the advance figure for *seasonally adjusted
initial claims was 217,000*, a decrease of 4,000 from the prev...
3 hours ago
17 comments:
No sarcasm in this post. It's rare but it does happen.
J.P. Morgan: "Gold is Money. Everything Else is Credit."
Some people claim financial memory is short. I'm not so sure. It's been ~ 30 years since the last gold bubble!
And when was the last tulip bubble?
Common knowledge, uh huh.
http://research.stlouisfed.org/fred2/graph/?g=lF4
gold price in gallons of gas.
Anonymous,
If you believe that to be true, then what happens if too many speculatos borrow dollars to buy money?
mab,
I'm a big fan of the ____ to toilet paper price ratio.
Dotcoms? Check.
Real estate? Check.
Gold and silver could definitely be next.
Troy,
Gasoline burns. In theory we could actually run out someday. Just sayin.
I wish it was possible to edit comments. I'd like to add an 'r' to speculatos, lol.
Alll hail King Speculatos!
Natural gas burns too. Let's try that.
Gold Priced in Natural Gas (July 2013 Dollars
Yup, given the recycle rate, unlike fuels, gold is normally not actually consumed, only employed for a particular use.
The various gold stockpiles are in fact an alternate source of supply, with a current production cost of pennies per ounce.
Well, maybe $10 or $20, given administrative overheads etc.
Troy,
I can speak from personal experience that a 1-oz gold coin feels really good in the hands. No denying it.
I can also speak from personal experience that a Les Paul guitar feels even nicer in the hands and there would still be plenty of money left over to buy a PS3 and a Rocksmith game.
To each his own. ;)
The various gold stockpiles are in fact an alternate source of supply, with a current production cost of pennies per ounce.
Soooooo... why then isn't it $20, $10 or less? Until you guys comprehend the innately human attraction to gold you'll never "get it".
I know, I know... it's not logical, it's psychological. But hey, that's humanity.
TJandTheBear,
I got it from 2004 to 2006 and then opted not to "get it" any longer.
That's why I'm the worst kind of heretic. Once a believer (at a lower price) but no longer a believer (at a higher price). ;)
Human psychology never changes... hasn't for all of human history. Can't stop believing in that.
http://www.safehaven.com/article/30853/silver-the-100-history
TJandTheBear,
Haven't stopped believing in bubbles. Just don't prefer to ride them long.
Anonymous,
Cherry picking the starting point to the depths of the Great depression and the ending point to 10+ years in a bull market does distort the trend a bit, especially when compared to how buried cash has done.
Nobody here is recommending buried cash as a store of value for the next 100 years.
600 Years of Silver Prices
Ouch.
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