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Index > Heap > Trustees of the U of TX don't believe the US dollars !

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kalambong



Joined: 08 Nov 2008
Posts: 165
kalambong
The trustees of the University of Texas took delivery of ONE BILLION US DOLLARS IN GOLD recently.

http://www.zerohedge.com/article/golden-tipping-point-university-texas-takes-delivery-1-billion-physical-gold

If Americans do not trust the worth of their own currency no more, why should people from outside of America?
Post 17 Apr 2011, 05:26
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bitRAKE



Joined: 21 Jul 2003
Posts: 2915
Location: [RSP+8*5]
bitRAKE
Bah, how many Americans have $billion? You are talking about a very small group of people and projecting it over the whole country. Seems the UofTX is just looking for some short term profits.

I store my spare $$$ in goat cheese.
Post 17 Apr 2011, 07:24
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Tyler



Joined: 19 Nov 2009
Posts: 1216
Location: NC, USA
Tyler
It makes sense in the long term. Gold only goes up in value. Whereas, the dollar(and all currencies) tend to go down in value due to inflation.
Post 17 Apr 2011, 19:43
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MHajduk



Joined: 30 Mar 2006
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MHajduk
Tyler wrote:
Gold only goes up in value.
I'm afraid it's not true. Look at this chart: http://www.usagold.com/reference/prices/history.html

You can easily notice that the price of the 1 oz of gold around 2000 reached it's local minimum (between 1980's peak and today's growing trend).
Post 17 Apr 2011, 21:23
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Enko



Joined: 03 Apr 2007
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Enko
MHajduk wrote:
Tyler wrote:
Gold only goes up in value.
I'm afraid it's not true. Look at this chart: http://www.usagold.com/reference/prices/history.html

You can easily notice that the price of the 1 oz of gold around 2000 reached it's local minimum (between 1980's peak and today's growing trend).


The chart could be understended it two ways:

1) the price of gold in 2010 is higher then in 2001;
2)the price of dollas is lower in 2010 then in 2001;
Post 18 Apr 2011, 00:58
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MHajduk



Joined: 30 Mar 2006
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MHajduk
The chart tells us also that the price of gold can go down in the next months as it was in 1980.
Post 18 Apr 2011, 07:31
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Tyler



Joined: 19 Nov 2009
Posts: 1216
Location: NC, USA
Tyler
MHajduk wrote:
The chart tells us also that the price of gold can go down in the next months as it was in 1980.
I wrote:
It makes sense in the long term.


What is the long term trend?
Post 18 Apr 2011, 07:58
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MHajduk



Joined: 30 Mar 2006
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MHajduk
Opening long term positions is hazardous. It's better and safer to open short term positions depending on the actual trends, IMO. Wink
Post 18 Apr 2011, 08:00
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edfed



Joined: 20 Feb 2006
Posts: 4237
Location: 2018
edfed
money is just what we trust in, a way to exchange. if dollar fall, only pure dumb people will die, because they believe so much in a supernatural entiry about the money that they cannot think direct exchange. for the rest of people (the majority this time), the exchange will be the solution for a long time (in the hypothesis of a end of money system).

what is the more hypocrit with money system is that:
it is controled by banks and people full of money, made for the people, but put people in worse situation than if they were prehistoric warrior. money is leading people in confusion and ignorance using the trade market, it is evident. and military budget is not only picked from the public treasure, private funds are added by some elite in order to control the army, in order to control the population, in order to save the elite control.

the question is, how to enter the elite world? how many money do we need to be of them. Laughing
Post 18 Apr 2011, 11:24
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Picnic



Joined: 05 May 2007
Posts: 1288
Location: behind the arc
Picnic
And there may be planets in the vast space made of precious metals and minerals such as gold, diamonds and others.
I wonder if we discovered in a relatively short distance from us a golden globe what would happend to the price of gold. Confused
Post 18 Apr 2011, 11:44
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revolution
When all else fails, read the source


Joined: 24 Aug 2004
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revolution
Picnic wrote:
I wonder if we discovered in a relatively short distance from us a golden globe what would happend to the price of gold. Confused
Probably nothing. It would be extremely unlikely that we could ever make use of such a "golden globe". Mining it would be exceptionally tricky (if not impossible for us). Just getting there is no trivial matter.
Post 18 Apr 2011, 11:54
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edfed



Joined: 20 Feb 2006
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edfed
what happens to the price of this planet and the price of space travel.

maybe the gold price will not rise too much, but the misery will because those who discovers the golden globe will be so rich that everybody will be very poor. like the portugal crisis folowing conquistador golden america adventures, the money loosed all its value because there were so much gold in royal treasure that only people close to this treasure had enough money to feel well.

gold is cool and is made in stars, where gravity is enough to fusion element in gold, it is the same for other elements, at the start, there is only hydrogen (1e, 1p, 1n) everywhere, hydrogen.
hydrogen gravitate, and start to form a sphere of gaz.
hydrogen continue to join the sphere, etc...
the sphere starts to be very heavy and big.

the pression and maybe the forces inside, with frictions, electronic exitation, etc, the mass starts to shine, the energy inside is very high, and it continues to eat hydrogen from space (3 atoms /m3).

hydrogen starts to fusion, a sort of soup of prontons, neutrons, electrons, not in an atomic architecture, but soup architecture.
this phenomenon uses a lot of energy, the temperature falls, the state of the soup change and rebecome the atomic structure, but changed, helium for the less powerfull fusion, uranium and more for the more powerfull fusion.

the sun will die, but nothing disapear, the elements composing the sun will be there, in various forms.
maybe cristals, comets, dust, gaz, ice... all the elements produced in the sun.

and what can be a black hole is a sort of saturation zone.
a frozen soup block, that don't moves, don't restitute any energy, and absorb everything.

maybe with fission (opposite of fusion), we can crack radioactive elements in more little elements like gold, carbon, oxygen...

what is the price of one kilogram of fresh air? clean water? good time?
Post 18 Apr 2011, 12:02
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revolution
When all else fails, read the source


Joined: 24 Aug 2004
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revolution
IIRC gold, and other elements heavier than iron, are only produced naturally by supernovae. Our sun won't go supernova, it is too light. But it is safe to say that there is already gozillions of tons of gold spread throughout the universe. How to get it?
Post 18 Apr 2011, 12:09
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Picnic



Joined: 05 May 2007
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Location: behind the arc
Picnic
Here you have a a 10 billion trillion trillion carat diamond BPM 37093

Smile
Post 18 Apr 2011, 12:18
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revolution
When all else fails, read the source


Joined: 24 Aug 2004
Posts: 17278
Location: In your JS exploiting you and your system
revolution
Picnic wrote:
Here you have a a 10 billion trillion trillion carat diamond BPM 37093
And here is a diamond planet also.
Post 26 Aug 2011, 21:08
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