Statistics: Posted by Spruitje — 07 Oct 2012, 19:27
Statistics: Posted by kyandio — 07 Oct 2012, 12:37
Statistics: Posted by Paul — 16 Dec 2011, 00:54
Statistics: Posted by Rasta — 10 Dec 2011, 13:45
Statistics: Posted by Paul — 09 Dec 2011, 13:12
Statistics: Posted by bailouts4ever — 09 Dec 2011, 11:59
Statistics: Posted by Indiana Jones — 21 Nov 2011, 17:04
Statistics: Posted by bailouts4ever — 21 Nov 2011, 16:31
Statistics: Posted by bailouts4ever — 18 Nov 2011, 18:20
Statistics: Posted by Blondie — 08 Nov 2011, 10:40
I can speak only for myself, but I am attempting to convince no one of anything.the ones who explained A/FOA’s freegold theory, didn’t manage to convince me
Statistics: Posted by Indiana Jones — 07 Nov 2011, 21:04
Statistics: Posted by Blondie — 07 Nov 2011, 19:28
IMO, the beliefs shape the thinking strategy.Believes have to fit in some thinking strategy
Because the bonds they already hold are not denominated in gold. I’m saying they should have thought of this before they bought them. Too late now.If bondholders should wake up and demand gold to sleep peacefully, why don't they.
I do.Unless you think International Trade will have a golden reference point which make currencies nothing more but 'scrips'
How can the usefulness one finds in something be corrupted?As long as human mankind exists Value has been a concept that was vulnerable to corruption.
The flow of physical gold into that region. I never said the East agreed on Freegold concept, I said they could see the flow of value with the Old World perspective. They buy physical gold as a store of value. They do not predominantly save currencies to store value, nor do they buy contracts for gold. They buy physical gold to hold in their own possession for this purpose. This action is in perfect alignment with Freegold, but this does not imply that they understand or have even heard of Freegold. Their actions, and the perspective from which these actions flow, make Freegold all the more likely to occur however, and they will understand it easily and find it aligns most comfortably with their perspective.Why you are so sure that the East already agrees on the Freegold concept. I can't find any evidence.
With the exception of the US Treasury, almost all other national gold is owned by CBs, not governments.So how can gold ever trade free of encumbrance as long as governments are in charge of their gold holdings ?
Statistics: Posted by Indiana Jones — 07 Nov 2011, 16:24
You are assuming here that TBs are purchased only as store of value, but there are other reasons for which they may be bought. Whatever the reason/s, doubtless the buyer found value in the purchase. The purchase served a purpose (had a use) for the buyer, and this purpose is the value. That is the clear view on value: it is the utility one finds in something.Arabs (among other investments) also buying Treasury Bonds from different countries in the world. Especially if you buy TB with Oil Dollars or Euro/s, you store oil-value into currencies. That doesn't advocate for a clear view on what value is, does it ?
Because the bonds they already hold are not denominated in gold. I’m saying they should have thought of this before they bought them. Too late now.If bondholders should wake up and demand gold to sleep peacefully, why don't they.
I don’t understand the phrase “really quote currencies”, and as a consequence this entire statement is unclear.Please enlighten your view on international trade because currency demand and supply really quote currencies.
I do.Unless you think International Trade will have a golden reference point which make currencies nothing more but 'scrips'
Value is the utility one finds in something, the usefulness it has for one, at that point in time. This is independent of any “internal map of reality”. This is one directly engaging with reality, a practical rather than a philosophical exercise.Sorry, but Value is part of our Internal Map of Reality
How can the usefulness one finds in something be corrupted?As long as human mankind exists Value has been a concept that was vulnerable to corruption.
You doubt the effectiveness of supply and demand in delivering that which the market wants?I doubt.
The flow of physical gold into that region. I never said the East agreed on Freegold concept, I said they could see the flow of value with the Old World perspective. They buy physical gold as a store of value. They do not predominantly save currencies to store value, nor do they buy contracts for gold. They buy physical gold to hold in their own possession for this purpose. This action is in perfect alignment with Freegold, but this does not imply that they understand or have even heard of Freegold. Their actions, and the perspective from which these actions flow, make Freegold all the more likely to occur however, and they will understand it easily and find it aligns most comfortably with their perspective.Why you are so sure that the East already agrees on the Freegold concept. I can't find any evidence.
With the exception of the US Treasury, almost all other national gold is owned by CBs, not governments.
So how can gold ever trade free of encumbrance as long as governments are in charge of their goldholdings ?
Statistics: Posted by Blondie — 07 Nov 2011, 10:26