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gwatts wrote:
Cecil Moore wrote: I didn't say per year. No, you didn't say 'per' anything. If no time is specified, it is the change between then (T0) and now (T1). At T0, when I was born, gold was worth $27 an ounce. As of today, T1, I haven' died yet and gold is worth $880 an ounce. According to my TI-34 that's 3259.25925925925925925925925925925 percent. -- 73, Cecil http://www.w5dxp.com "According to the general theory of relativity, space without ether is unthinkable." Albert Einstein |
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Cecil Moore wrote:
gwatts wrote: Cecil Moore wrote: I didn't say per year. No, you didn't say 'per' anything. If no time is specified, it is the change between then (T0) and now (T1). Not if the term in question has a widely accepted definition within the field of its common use, in this case economics and banking, where the widely agreed time period for specifying 'inflation' in percent is one year. |
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Cecil Moore wrote:
...when I was born, gold was worth $27 an ounce. As of today, T1, I haven' died yet and gold is worth $880 an ounce. According to my TI-34 that's 3259.25925925925925925925925925925 percent. You should read up on significant digits instead of manufacturing false precision. |
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On Sep 27, 12:56*pm, Cecil Moore wrote:
gwatts wrote: Cecil Moore wrote: I didn't say per year. No, you didn't say 'per' anything. If no time is specified, it is the change between then (T0) and now (T1). At T0, when I was born, gold was worth $27 an ounce. As of today, T1, I haven' died yet and gold is worth $880 an ounce. According to my TI-34 that's 3259.25925925925925925925925925925 percent. -- 73, Cecil *http://www.w5dxp.com "According to the general theory of relativity, space without ether is unthinkable." Albert Einstein I don't believe that to b e strictly true. When we were on the gold standard it was kept pretty level. When we went off the gold standard gold shot up over night but I do not believe the price of gold has shot shot up a lot since then. I suspect copper was a better deal at least up to a few days ago |
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Cecil Moore wrote:
John Smith wrote: How much value will the dollar lose? I suspect if they were all still in silver certificates, you might not be in all that bad of shape. Silver is difficult to purchase at this point ... A few days ago, there was not an oz. to be had, which anyone wished to part with ... indeed, a friend of mine in the markets claims the middle east has sucked up great quantities, and quietly, recently ... Regards, JS |
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Ralph Mowery wrote:
... Unless it is for the collector value, the silver certificates have not been backed by silver for a very long time. Not sure of the date, but probably 20 or 30 years or more ago. I have 281 of these in a small safe, I was not aware of that ... I will have to look at that, got a link/URL? I just took it for granted you could trust the govt. on such a serious promissory note ("Silver IOU"), broken promises do not instill trust and respect. I suppose the gold notes are just as worthless then? But then, for some reason, such is not as shocking as it would have been a few decades ago ... :-( Regards, JS |
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"Cecil Moore" wrote in message ... John Smith wrote: How much value will the dollar lose? I suspect if they were all still in silver certificates, you might not be in all that bad of shape. -- 73, Cecil http://www.w5dxp.com "According to the general theory of relativity, space without ether is unthinkable." Albert Einstein Unless it is for the collector value, the silver certificates have not been backed by silver for a very long time. Not sure of the date, but probably 20 or 30 years or more ago. |
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Cecil Moore wrote:
John Smith wrote: How much value will the dollar lose? I suspect if they were all still in silver certificates, you might not be in all that bad of shape. How do you suspect that when a $1 silver certificates was exchangeable for $1 worth of silver? Unless you did the exchange a REALLY long time ago, the transaction is break even. -- Jim Pennino Remove .spam.sux to reply. |
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Art Unwin wrote:
When we went off the gold standard gold shot up over night but I do not believe the price of gold has shot shot up a lot since then. Here's a chart of gold prices since 1975. http://www.kitco.com/scripts/hist_ch...rly_graphs.plx Seems to me it "shot up" from '76-'79 and '05-'08. I rolled my IRA over into gold because of the Y2K scare. :-) -- 73, Cecil http://www.w5dxp.com "According to the general theory of relativity, space without ether is unthinkable." Albert Einstein |
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John Smith wrote:
Silver is difficult to purchase at this point ... How much do you need? http://www.kitcosilver.com/ -- 73, Cecil http://www.w5dxp.com "According to the general theory of relativity, space without ether is unthinkable." Albert Einstein |
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wrote:
Unless you did the exchange a REALLY long time ago, the transaction is break even. Un-circulated $1 sliver certificates are worth a minimum of about $5 each - some lots more. -- 73, Cecil http://www.w5dxp.com "According to the general theory of relativity, space without ether is unthinkable." Albert Einstein |
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wrote:
The "worth" of any medium of exchange is whatever the "worth" is perceived to be, whether it be cash, checks, certificates of deposit, stock certificates, money orders, bonds, gold bars, silver bars, or shiny beads. Gold is worth its weight in gold. :-) -- 73, Cecil http://www.w5dxp.com "According to the general theory of relativity, space without ether is unthinkable." Albert Einstein |
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wrote:
... The dollar is worthless and only those who have replaced these with real objects/matter of value have any real wealth. ... Regards, JS The "worth" of any medium of exchange is whatever the "worth" is perceived to be, whether it be cash, checks, certificates of deposit, stock certificates, money orders, bonds, gold bars, silver bars, or shiny beads. About the only medium of exchange that had any intrinsic value was salt. The "value" of real objects is also whatever it is perceived to be; I don't think my house is worth $500,000, but the housing market does. Look up supply and demand and then tell me why diamonds are so "valuable" and why no one is paid in salt anymore. None of this is unique to the US, it is the way the economy works in the modern world. In the portion of my post, top, what didn't you understand? Diamonds, valuable? Are you truly an idiot man? As I have pointed out, in the past, diamonds are worth about $5 bucks a carrot; now, that is still a bit expensive to pave your driveway with, but none the less worthless when compared to what people (like you) THINK they are worth. See the following and wakeup!: http://www.wired.com/wired/archive/11.09/diamond.html http://www.apollodiamond.com/ http://www.gemesis.com/ Diamonds are what the next wafers of microprocessors and chips will be built on ... without a doubt, they will be cheaper in the future than they are today, but still worthless, virtually ... And yes, like I have pointed out, idiots who think the dollar is worth a dollar abound! And, just ignore them starting up the presses and printing worthless dollars ... I just wish I had a press and was allowed such freedom! ROFLOL Regards, JS |
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Cecil Moore wrote:
... Gold is worth its weight in gold. :-) Actually, weighed on gold scale, it is worth magnitudes more! ROFLOL Regards, JS |
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wrote in message ... I think he was simply pointing out that something still backs the "worth" of a "silver certificate" (well, if it still existed, in reality.) Since our currently issued dollar has nothing behind it than our production, possibility of producing, and labor ... and with a frightening amount of that having "gone over seas", it is virtually worthless ... However, no one realizes this, well, seems to realize this. Or, to summarize this: The dollar is worthless and only those who have replaced these with real objects/matter of value have any real wealth. Indeed, money has become a religion, only those who can make a leap of faith as to it having real worth are believers ... at least here in the USA. Regards, JS The "worth" of any medium of exchange is whatever the "worth" is perceived to be, whether it be cash, checks, certificates of deposit, stock certificates, money orders, bonds, gold bars, silver bars, or shiny beads. About the only medium of exchange that had any intrinsic value was salt. The "value" of real objects is also whatever it is perceived to be; I don't think my house is worth $500,000, but the housing market does. Look up supply and demand and then tell me why diamonds are so "valuable" and why no one is paid in salt anymore. None of this is unique to the US, it is the way the economy works in the modern world. I was trying to point out that you can no longer go the the bank or whatever and exchange your paper silver certificiate for silver backed by the government. YOu are correct , paper or other objects that have no use are only worth what others will pay. I have read of used stamps going for atleast a million dollars. They are of no use at all that I can think of, but to a collector as there are only one or two known to exist that one is worth whatever you can get for it, nothing to millions. |
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John Smith wrote:
[his normal chit] Regards, JS Let me expound upon all this ... If you pay $5,000-$10,000, or-more for a diamond, then you go to sell the diamond--would you expect to get close to what you paid? Do you realize in such places as china they are using this technology and injecting "flaws" (purposeful ones to hide the fact they are man-made) into the diamonds, and they are as-good-as-natural? Duh, this means the market will eventually be flooded with this stuff as "cheap as sand!" Only a fool would invest in diamonds, if you have 'em, dump 'em before EVERYONE finds out! And, remember, you heard it here first--if you feel generous, ship me a 10% "consultation fee." ROFLOL The only good use for diamonds are industrial ones, anyway ... Regards, JS |
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John Smith wrote:
John Smith wrote: [his normal chit] Regards, JS Let me expound upon all this ... If you pay $5,000-$10,000, or-more for a diamond, then you go to sell the diamond--would you expect to get close to what you paid? Unless you are in the business, you will be buying at retail prices and selling at wholesale prices, just like anything else. -- Jim Pennino Remove .spam.sux to reply. |
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John Smith wrote:
Diamonds, valuable? Are you truly an idiot man? As I have pointed out, in the past, diamonds are worth about $5 bucks a carrot; now, that is still a bit expensive to pave your driveway with, but none the less worthless when compared to what people (like you) THINK they are worth. Send me all your gem quality, 2 carat and up, certified, blue diamonds and I'll pay you $10 a carat. For carrots, I'm only willing to go $0.29/lb. -- Jim Pennino Remove .spam.sux to reply. |
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John Smith wrote:
wrote: Unless you are in the business, you will be buying at retail prices and selling at wholesale prices, just like anything else. Unless you are an IDIOT, you will NOT be buying a retail and wholesale "MANIPULATED PRICES", and especially not those of yesterday! I am sorry, you WILL NOT handle anyones financial security! Regards, JS And, let me expound upon this to the point of rationality ... Take a court punishment, enacted under the law, as defined by our forefathers ... under fair and just/unjust doctrine ... A transient, a poor person, etc, they would be meted out a $10 dollar fine, a worker--perhaps a $50 dollar fine? A doctor--perhaps a $100 dollar fine? Bill Gates--perhaps a $100,000 dollar fine? You get my drift? It is fairness, trust, respect, etc. which has vanished ... and with it, a fairness in our financial institution(s) ... It is why respect for the system is either gone, or will be in the near future. Do you really want to live in a world like that? Would in not be sane to take control of our "public servants", before we suffer? Regards, JS |
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John Smith wrote:
wrote: Send me all your gem quality, 2 carat and up, certified, blue diamonds and I'll pay you $10 a carat. For carrots, I'm only willing to go $0.29/lb. I just love guys like you, it is why, sometimes, ripping people off is easier than "taking-candy-from-a-baby", only problem? Sometimes it makes me feel guilty. :-( When do you plan to ship me the diamonds at $10 a carat you say are only worth $5? -- Jim Pennino Remove .spam.sux to reply. |
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John Smith wrote:
wrote: Unless you are in the business, you will be buying at retail prices and selling at wholesale prices, just like anything else. Unless you are an IDIOT, you will NOT be buying a retail and wholesale "MANIPULATED PRICES", and especially not those of yesterday! So, since you are such an expert, please let us all know how to go to the store and get the wholesale price on a six-pack. -- Jim Pennino Remove .spam.sux to reply. |
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John Smith wrote:
wrote: When do you plan to ship me the diamonds at $10 a carat you say are only worth $5? Brother, I am only telling you the cost of manufacture, indeed, providing proof! Now if you want to buy one of my turds for $10, $100, $1000, more ... I'd hardly stop you ... make me an offer! ROFLOL Regards, JS That is too simple, you are honestly confused ... let me go into great detail ... DO NOT be a MOTIVATED BUYER ... DO NOT GO AFTER WHAT THE MARKET IS HOT AT ... etc., etc. Or, to summarize, DON'T GO TO THE GROCERY STORE WHEN YOU ARE HUNGRY ... go before, contemplating your future needs ... But when you don't need it, go for fun. Go and find "one" ready to haggle, a MOTIVATED SELLER! My gawd man, who instructed you on the art of capitalism? Regards, JS |
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John Smith wrote:
Now if you want to buy one of my turds for $10, $100, $1000, more ... I'd hardly stop you ... make me an offer! ROFLOL Regards, JS Oh yeah, by the way, actually one of my turds has value! Jealous? Well, I'll share a secret with you, it has a fertilizer value. Now, that value may be 0.0000000000000000000000001 cent--but it does have REAL VALUE, get a trillion of 'em and you got some money ... AND, a motivated buyer! ROFLOL Regards, JS |
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John Smith wrote:
wrote: ... So, since you are such an expert, please let us all know how to go to the store and get the wholesale price on a six-pack. Damn man! Ever been to a flea market where they are asking $100.00 and you offer 'em $20 ... krist, you have to have the courage to let 'em take it home, find another sucker, or let you buy it! Sure, but what has that to do with buying stuff from the store? I don't do recycled beer. -- Jim Pennino Remove .spam.sux to reply. |
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John Smith wrote:
Now if you want to buy one of my turds for $10, $100, $1000, more ... I'd hardly stop you ... make me an offer! ROFLOL No need as it appears you are flinging them about for free and calling them usenet postings. -- Jim Pennino Remove .spam.sux to reply. |
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Cecil Moore wrote:
John Smith wrote: Silver is difficult to purchase at this point ... How much do you need? http://www.kitcosilver.com/ OK, I am going to bed ... but, just spoke to "my man" ... There are certificates of silver ... and then there is REAL silver (i.e., the metal you hold in your hand ... not a promissory note. ) Investigate the differences ... Regards, JS |
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"John Smith" wrote in message ... wrote: John Smith wrote: Now if you want to buy one of my turds for $10, $100, $1000, more ... I'd hardly stop you ... make me an offer! ROFLOL No need as it appears you are flinging them about for free and calling them usenet postings. Hmmm, no sale then? Don't worry, the next one is only around the corner--according to Barnum wink. LOL Regards, JS --------------- And we wonder why usenet is being dropped by one ISP after another? It is behavior such as this that keeps folks away in sufficient numbers as to not make usenet worth the expense. Nothing stinks more than ****ing contests. Only a moron would be amused by this juvenile banter and they don't have a clue as to how to access usenet, or what it was for, when it was available. Ed, NM2K |
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Jim Higgins wrote:
... Manufactured diamonds are easily spotted with the proper equipment, stuff even large jewelry stores don't have... x-ray fluorescence for one... not that it matters since the real thing has no more intrinsic value. I'd say that close to 90% (SWAG) of the so-called value of diamonds is perceived value. There's a darn good chance that the cost to manufacture a high quality diamond exceeds the cost of mining the equivalent one, but they're cheaper to the consumer because those who manufacture them don't manage the supply like the market for natural diamonds is managed... that and they've convinced the market that the "real thing" is better. Only a fool would invest in diamonds, if you have 'em, dump 'em before EVERYONE finds out! And, remember, you heard it here first--if you feel generous, ship me a 10% "consultation fee." ROFLOL ... You DID NOT read the article by Wired, I can tell ... NO, these "manufactured diamonds" cannot be told apart from those occurring in nature, by ANY JEWELER ... other than they SHOULD bear a laser engraved number upon them. To tell the difference, they must be placed under an electron microscope .... and the only "difference" that will be seen is that THEY ARE TOO PERFECT--ABSOLUTELY NO FLAWS, THAT IS IT! GET IT RIGHT--THEY ARE REAL! China is creating them complete--no laser mark and with FLAWS ... place 'em under an electron microscope and you can't tell the difference. The reason?, duh, they ARE REAL. (anyway, just buy a BIG manufactured one and have it cut down to remove the mark--however, it will still be more perfect than any found in nature) Exceed the cost of mining the "natural ones?" Naaa, you can't even mine 'em at $5 bucks a carrot ... I repeat, only a fool would buy a natural diamond ... you can find the manufactured ones in better jewelery stores ... they are about 1/3 of the cost of natural ones, at this time ... however, I just negotiated the price to ~%25 ... however, I still got burned, the wife just had to have it though. :-( Regards, JS |
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Ed Cregger wrote:
... And we wonder why usenet is being dropped by one ISP after another? It is behavior such as this that keeps folks away in sufficient numbers as to not make usenet worth the expense. Nothing stinks more than ****ing contests. Only a moron would be amused by this juvenile banter and they don't have a clue as to how to access usenet, or what it was for, when it was available. Ed, NM2K Quit ****ing all over yourself and bitching like an old nag ... just go over to the moderated group, they don't allow such--yanno? And, enjoy yourself ... GOODBYE! grin Regards, JS |
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wrote:
... Sure, but what has that to do with buying stuff from the store? I don't do recycled beer. Actually, there are material harder than diamond ... this makes diamond, actually, less appealing for even industrial uses: http://24carat.co.uk/harderthandiamondframe.html Making your question even more valid, i.e. the part, "Sure, but what has that to do with buying stuff from the store?" So, consider it answered! Regards, JS |
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