Ferdinand Lips was not Another.Indy wrote:Nobody really knows who is the poster behind ‘Another’ be some believe it is Ferdinand Lips.
I have read Lips' book. He was a dedicated hard money socialist. Completely at odds with the writing of Another.
Ferdinand Lips was not Another.Indy wrote:Nobody really knows who is the poster behind ‘Another’ be some believe it is Ferdinand Lips.
it really doesn't matter who he was or who he is.Blondie wrote:Ferdinand Lips was not Another.Indy wrote:Nobody really knows who is the poster behind ‘Another’ be some believe it is Ferdinand Lips.
I have read Lips' book. He was a dedicated hard money socialist. Completely at odds with the writing of Another.
Only some [difficulties]? I do agree with Turk here, that according to the "old rules", this is the formula for getting the correct price, expressed in fiat issued by a particular central bank. It does not take into account a lot of other factors, and ultimately, the price is just the distrust in a fiat currency issued by a central bank.Boefke wrote:I see some difficulties in calculating the price of gold by only the Central bank foreign exchange reserves. This means IMO that you compare a wealth consolidator (gold) with projected wealth consolidators (Foreign exchange reserves). Gold is the antithesis of debt. Debt is not only the foreign exchange reserves.....it is much much bigger than that.
To solve the debt-tsunami we are now facing the consequences of is simply reach an equilibrium of assets and liabilities. What we now see as assets are nominated in a debt driven currency. The value of assets is IMO almost impossible to predict, as during our lifetime we have nothing else witnessed as being priced by currency. Numbers are not a part of this......it can be 1, 100 or 1 trillion, whatever. So $11,000 says nothing to me about the future value....
No no, 5 digits measured in purchasing power of today. If we finally reach those 5 digits, it might represent the purchasing power of 6 digits of that particular moment. It is a moving target.... (fata morgana)Boefke wrote:Right I see your point of view here.
Here steps the Little Rascal (Boefke) in, So when the gold price reaches $11,000 or higher......you might sell all your gold because it's overvalued .
Hard question, i know...just curious.