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UTexas buys $1 billion worth of gold.
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Date: April 18th, 2011 2:34 AM Author: Clear narrow-minded water buffalo goyim http://www.zerohedge.com/article/golden-tipping-point-university-texas-takes-delivery-1-billion-physical-gold (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793246) |
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Date: April 18th, 2011 2:34 AM Author: Opaque therapy what the FUCK (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793249) |
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Date: April 18th, 2011 2:35 AM Author: Clear narrow-minded water buffalo goyim Hedging against hyperinflation. (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793252) |
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Date: April 18th, 2011 2:38 AM Author: Opaque therapy How the hell do you even buy $1B in gold? Who is selling it? Cash4gold.com? (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793276) |
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Date: April 18th, 2011 4:16 PM Author: erotic hunting ground http://en.wikipedia.org/wiki/Gold_exchange-traded_product (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17796602) |
Date: April 18th, 2011 2:38 AM Author: Sick nursing home boltzmann university of texas system endowment isnt 19 billion, right? (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793272) |
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Date: April 18th, 2011 2:38 AM Author: Clear narrow-minded water buffalo goyim Yup it is. (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793278) |
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Date: April 18th, 2011 2:40 AM Author: Sick nursing home boltzmann no, no its not.
http://www.nacubo.org/Documents/research/2010NCSE_Public_Tables_Endowment_Market_Values_Final.pdf |
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Date: April 18th, 2011 2:41 AM Author: Opaque therapy he's adding #4 and #10 together (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793307) |
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Date: April 18th, 2011 2:40 AM Author: Opaque therapy that's including Texas A&M though, brother (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793300) |
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Date: April 18th, 2011 2:44 AM Author: dark weed whacker That seems significant. (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793324) |
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Date: April 18th, 2011 2:46 AM Author: Opaque therapy OFS (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793334) |
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Date: April 18th, 2011 2:46 AM Author: aromatic whorehouse ron paul gets a hard on (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793333) |
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Date: April 18th, 2011 2:55 AM Author: fragrant base Yup. If you haven't already, it's time to buy some gold and silver. Mad ups to OP for linking zerohedge.
http://calcuttatube.com/brics-credit-local-currencies-to-replace-dollar/147727/
"BRICS credit: Local currencies to replace dollar" |
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Date: April 18th, 2011 2:57 AM Author: dark weed whacker The dollar really is going to collapse, huh? (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793384) |
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Date: April 18th, 2011 3:02 AM Author: fragrant base Currently betting a lot of money on it. Also planning exit strategies. Every fiat currency in history collapses. It's just a matter of when. I'm guessing w/in the next 2 yrs we will see significant depreciation. (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793401) |
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Date: April 18th, 2011 3:06 AM Author: comical tan gay wizard alarmist defeatism
the scam will continue for much longer than that, though i do agree that this so-called "recovery" is pure flame. |
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Date: April 18th, 2011 3:16 AM Author: fragrant base Nah. If you really knew how I viewed the world "paranoid conspiracy theorist" would be more appropriate. (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793452) |
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Date: April 18th, 2011 3:21 AM Author: comical tan gay wizard i try reading zerohedge frequently as well, but some of the articles are so damned confusing i just give up
i'm far more knowledgeable about this stuff than the average american, but that doesn't say very much of course. you have any good books i could read about what exactly is happening in the markets? i'm starting to read more about the fed's open market operations and SOMA and the fed buying puts on long-term treasuries to keep yields artificially low blah blah blah, but i need i guess a synthesis of all the information, because much of my knowledge about all this shit is very disconnected |
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Date: April 18th, 2011 3:36 AM Author: fragrant base Yeah, some of the ZH articles can be very technical and confusing. I've read so many articles, books, listened to interviews, and presentations on the subject over the past 3 years, sacrificing my LS GPA in the process. Probably studied the economy as much as law.
What specifically are you looking for? There are a lot of books on what caused the 2008 crash. There's info speculating on where we're heading, history of money, etc.
For a big picture view, these two sources are very basic but really good and comprehensive (and they avoid getting too "out-there").
1. http://www.chrismartenson.com/page/crash-course-one-year-anniversary (I watched the full version so I can't entirely vouch for the 45-minute short). He talks about exponential functions at the beginning and then runs w/ them. From the dude: "My goal is to shed light on the limits of our present economic model of infinite growth as we increasingly face the realities of a planet with finite resources. I seek to lay out possible paths for our future and to provide people with tools and information so that they will be better able to make informed choices."
2. http://www.youtube.com/watch?v=vVkFb26u9g8 Money As Debt. Also 45 minutes long. Watching it is kind of like taking the Red Pill. |
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Date: April 18th, 2011 3:41 AM Author: comical tan gay wizard thanks
yeah i just finished "the big short" which was just amazing
am going to start reading "the greatest trade ever" along with a book about how AIG financial products division crashed
i'll check those 2 links out later, thanks
any other rec's for how this crisis happened? thanks |
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Date: April 18th, 2011 3:52 AM Author: fragrant base I think you already got it covered w/ those 2 books. My only issue w/ focusing on how the crisis happened is that you could get caught up in a lot of the minutia.
It might be good to get a more long term, historical perspective. The first few chapters of "Guide to Investing in Gold and Silver" by Mike Maloney is pretty good for this. The second half is more focused on the practical application of such knowledge.
Edit: Btw, I just looked up the review on Amazon for this book. The most helpful critical view has a point but I don't think it takes away from the author's argument. There are all sorts of factors that go into explaining gold's historical price action being detached from CPI. Bonds yielding 10%+ were the draw in the 80s, and equities during the 90s dotcom boom, and real estate in the 2000s. Commodities and gold were pretty strong the past decade though also. |
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Date: April 18th, 2011 10:44 AM Author: hyperactive pistol dysfunction "I think you already got it covered w/ those 2 books" *facepalm* |
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Date: April 18th, 2011 11:04 AM Author: big cream hospital I have 180k in student loans. Is this a good enough hedge? (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17794271) |
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Date: April 18th, 2011 2:59 AM Author: unholy cuckold police squad And so it begins...
In 2 or 3 years we'll all be huddled around an old trashcan burning dem big faced hunnets to stay warm... |
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Date: April 18th, 2011 3:00 AM Author: pale depressive piazza :-( (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793395) |
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Date: April 18th, 2011 3:05 AM Author: unholy cuckold police squad I've said it before, and I'll say it again. Obama = Mugabee. (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793413) |
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Date: April 18th, 2011 3:07 AM Author: comical tan gay wizard you mean bernanke
so much of what is happening is being put on obama's shoulders, when really he is just a puppet
bernanke is really the person running this show |
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Date: April 18th, 2011 3:09 AM Author: fragrant base I would venture to say that it goes even deeper than Bernanke. (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793431) |
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Date: April 18th, 2011 3:08 AM Author: fragrant base He's just the last in a long line of figureheads. We've been heading in this direction for a while under both parties. (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793425) |
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Date: April 18th, 2011 3:09 AM Author: Exhilarant medicated rehab faggot firefighter School endowment managers never make bad decisions. (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793426) |
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Date: April 18th, 2011 3:09 AM Author: Cheese-eating Brunch Fanboi I don't get having gold as a hedge against serious hyperinflation (i.e., federal reserve notes become virtually worthless). It makes sense as an investment vehicle to make a lot of money before the bubble bursts, but that's about it.
What the hell are you going to do with all your gold if that happens? If currency becomes worthless, people aren't going to give a shit about your gold, unless they really do have a luxury use for it. If I'm, say, a doctor, and you come to me with 1-oz gold pieces to pay for medical care after society collapses (because that's what would happen if the dollar becomes worthless, not just a depression), I'm not going to treat you. I'd rather have guns and ammo, or chickens, or something. |
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Date: April 18th, 2011 3:19 AM Author: violent toilet seat mood Serious dollar depreciation is not the same thing as societal collapse... (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793461) |
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Date: April 18th, 2011 3:21 AM Author: Sick nursing home boltzmann as a doctor you take the gold coins and then buy chickens. they would still be a store of value (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793466) |
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Date: April 18th, 2011 3:23 AM Author: fragrant base the idea is that gold would be used as a medium of exchange to avoid having to purely barter for stuff. Gold and Silver both have been used throughout history by various civilizations as currency and is thus more widely accepted.
Ask yourself why central banks still hold gold reserves. It's b/c that's the best store of value humans have been able to come up w/ up to this point. I linked the article before and I'll link it again for all those who think goldbugs are retarded. Here's Alan Greenspan's 1966 essay entitled "Gold and Economic Freedom":
http://www.constitution.org/mon/greenspan_gold.htm |
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Date: April 18th, 2011 6:23 AM Author: contagious corner That doesn't mean that buying gold at its current price is good preparation for societal collapse. Right now one ounce of gold will get you a shit load of food, a decent weapon or two, ammo, etc. Do you really think that after society collapses someone will trade all that for one stupid gold coin? The answer is no, they won't. In other worse, the purchasing power of gold will decline dramatically.
Gold only makes sense as an end of the world hedge if you are so wealthy you've already build multiple compounds fully stocked with a lifetime supply of food, medicine and weaponry.
With that said, I hold gold and I've made a lot of money on it. But I'm not dumb enough to think it's going to be my ticket to post-societal collapse riches. If I were worried about that, I would trade in all my gold for useful stuff. |
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Date: April 18th, 2011 11:16 AM Author: fragrant base Dude, I don't know. Depends on how bad it gets. The govt would probably step in at some pt before Mad Max and confiscate gold and establish a new currency. I'm also not hoarding large quantities of physical gold or silver, although I own some. Flashing a gold coin after a collapse may be the equivalent of asking to get robbed then shot. (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17794356) |
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Date: May 5th, 2011 10:33 PM Author: supple anal library nibblets no. in russia doctors love $. if $ collapses they would love euros or whatever currency is strong. (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17936156) |
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Date: April 18th, 2011 3:45 AM Author: bistre rebellious main people set what does this mean brothers? (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793543) |
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Date: April 18th, 2011 3:55 AM Author: unholy cuckold police squad Buy guns THEN gold, or else the niggers will steal your gold and rape your woman. (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793564) |
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Date: April 18th, 2011 5:15 AM Author: bistre rebellious main people set (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793671) |
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Date: April 18th, 2011 6:04 AM Author: Self-centered School itt: goldbug retards (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793701) |
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Date: April 18th, 2011 8:51 AM Author: Titillating alpha menage (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793782) |
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Date: April 18th, 2011 11:09 AM Author: big cream hospital (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17794313) |
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Date: April 18th, 2011 8:42 AM Author: Provocative Slate Lodge (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793760) |
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Date: April 18th, 2011 8:45 AM Author: Cerebral Point Blood Rage Texas buys gold near all-time record high. BRILLIANT. (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793764) |
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Date: April 18th, 2011 8:48 AM Author: multi-colored space (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793770) |
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Date: April 18th, 2011 8:55 AM Author: Cerebral Point Blood Rage P.S. the Texas Board of Trustees is run by Ron Paul (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793790) |
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Date: April 18th, 2011 9:52 AM Author: Mentally Impaired Senate (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793960) |
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Date: April 18th, 2011 11:09 AM Author: big cream hospital (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17794311) |
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Date: September 7th, 2011 1:43 AM Author: Twinkling legend (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#18923391) |
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Date: April 18th, 2011 8:56 AM Author: wonderful degenerate resort Glenn Beck masturbates in the corner (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793791) |
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Date: April 18th, 2011 9:48 AM Author: Cracking dingle berry Looks like they made ~ $7.5m this morning...not too bad.
http://www.goldprice.org/spot-gold.html
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Date: April 18th, 2011 9:49 AM Author: Cerebral Point Blood Rage DID THEY SELL IT? IS THAT HOW THEY "MADE" THE MONEY???? (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793952) |
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Date: April 18th, 2011 9:49 AM Author: Well-lubricated bisexual patrolman step-uncle's house That's less than the transaction fees they have to pay bro. (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17793954) |
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Date: April 18th, 2011 11:18 AM Author: sepia philosopher-king is it just me or is the idea that if the shit really hits the fan gold will make you rich in post collapse anarchy fairly presumptuous
why would we default to an arbitrary value for gold? its much less shiny and fascinating to modern humans than it was to the societies that began using it as a currency. modern humans would probably just barter, gold might have some value but it would be highly variable per person |
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Date: April 18th, 2011 11:21 AM Author: Cerebral Point Blood Rage fiat metal (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17794390) |
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Date: April 18th, 2011 11:24 AM Author: fragrant base Hey dumbfucks, don't pretend you know what a bubble looks like. You don't know shit about shit. You listen to mainstream media talk about a gold bubble and you talk about all the dumb goldbugs who are gonna lose their hats. How many people do you actually know that own precious metals?? You realize the metals market is smaller than the fuckin newspaper industry in terms of total mkt cap?? Do you even know anything about its role in the world economy? Do you understand how the Fed and primary dealers cooperate to suppress gold price? Do you know several IMF/World Bank officials and top financiers like Soros want to establish a new global monetary system backed by gold? No? Then shut the fuck up b/c you speak on things you know nothing about.
Edit: Link --> http://www.caseyresearch.com/articles/silver-getting-too-popular-right |
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Date: April 18th, 2011 11:26 AM Author: Mentally Impaired Senate y u mad bro? (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17794425) |
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Date: April 18th, 2011 11:30 AM Author: fragrant base Sorry bro, I have to deal w/ this every other day irl. Just decided to vent here. I shouldn't be mad. I should be happy that people still think this way b/c it just means it hasn't gotten that bad yet. The minute we start to see the general public buying into the idea of gold as a store of value, that's when panic starts to set in and mkts will get disorderly. Maybe Cassandra Effect? (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17794452) |
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Date: April 18th, 2011 4:15 PM Author: brindle exciting useless brakes ;) (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17796588) |
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Date: April 18th, 2011 4:15 PM Author: Twinkling legend 180 (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17796592) |
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Date: May 5th, 2011 10:20 PM Author: adventurous scarlet party of the first part son of senegal http://goldprice.org/charts/history/gold_30_day_o_b_usd.png?0.6994299364741892
LOL. they better pray theres no gold crash. |
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Date: May 6th, 2011 1:07 PM Author: Sick nursing home boltzmann if what happened to silver happens to gold... (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17940484) |
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Date: May 6th, 2011 1:11 PM Author: irate coral hell HYPS pulled out of a fund in 2004 that was heavily invested in facebook. needless to say that was a terrible decision (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17940511) |
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Date: May 6th, 2011 2:12 PM Author: Twinkling legend Bank of Mexico buys 100 tons of gold http://latino.foxnews.com/latino/money/2011/05/05/bank-mexico-buys-100-tons-gold/ |
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Date: May 6th, 2011 8:23 PM Author: claret native kitty cat Is this thread fucking flame? I swear, Rach needs to institute a new rule that no one can post on xoxo unless they have a minimum IQ of 1.
Inflation is currently at essentially 0% right now. The cost of housing (the single biggest expense for most people in this country) continues to drop like a stone. On top of that, China is buying all the dollars that it can in order to devalue their own currency, and the dollar is the standard reserve currency throughout the world. Both of these facts artificially inflate the value of the dollar. And you fuckers act like the dollar is about to become worthless? Holy fucking shit is all I can say. Try not to electrocute yourselves when you drool on the keyboard.
Sure, there is a danger of inflation once unemployment starts to go down. The Fed will have to shut off the spigot soon enough to prevent inflation but not so soon as to kill the recovery. It's going to be tricky, and they might fuck it up. But the worst-case scenario is that we either get a second recession or high inflation rates (with high interest rates to try to cool things down). Neither scenario is great, but the dollar is not going to become worthless. Anyone with the IQ of an ape should be able to see that. |
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Date: May 6th, 2011 8:24 PM Author: free-loading amethyst site RON PAUL 2012 (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17943573) |
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Date: May 6th, 2011 8:28 PM Author: bright stag film http://bpp.mit.edu/usa/daily-price-indexes/?country=USA (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17943615) |
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Date: May 6th, 2011 8:43 PM Author: spectacular church building twinkling uncleanness so inflation getting back to average? (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17943716) |
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Date: May 6th, 2011 8:46 PM Author: bright stag film Not 0 (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17943737) |
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Date: May 6th, 2011 8:50 PM Author: transparent hairless trailer park "essentially 0%" you aspie. a dollar in 2008 being only 3% more valuable than a dollar today is basically no inflation historically. the run up in gold happened during a time of basically no inflation. (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17943760) |
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Date: May 6th, 2011 8:56 PM Author: bright stag film "Inflation is currently at essentially 0% right now." No, inflation is currently at essentially 3% or 3.5% right now depending on what source you use. If you wanted to do throw in the since 2008 bullshit why would you use the redundant "currently" and "right now"? What don't you understand? (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17943796) |
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Date: May 6th, 2011 8:58 PM Author: transparent hairless trailer park im not that guy, but his point is still good. inflation hasnt been a big deal since the crisis. tarp, stimulus, HRC, QE2 etc havent lead hyperinflation. its all glenn beck faggots praying theres massive inflation. (http://www.autoadmit.com/thread.php?thread_id=1621872&forum_id=2#17943806) |
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Date: May 6th, 2011 10:14 PM Author: Exhilarant medicated rehab faggot firefighter And the Becktards are buying Goldline gold.
ABC gave an account of a customer pressured into buying $5,000.00 of such coins which a dealer later told him were worth only $2,900.00.[21][47] Another purchased $13,000.00 of "overpriced Swiss gold coins" in 2007 — while the price of gold doubled, the coins were only worth $10,764 in 2010, leaving her feeling "suckered".[21][48][49] Consumer Reports noted that Goldline was selling a Gold Eagle set for $5,924.63 while a competitor had them for $3,295.00 |