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Carol asks…

What is the intrinsic value of Gold as compared to it's FIAT valuation? Why is it important to understand this?

Read & Learn this perspective or go away now

We need an enlightened voting public who understands deeply the cause & effect affecting issues important in their lives. School system don't even seek to do this any longer, not K-12 or most Colleges. They teach peripheral crap, make math more complex by adding a kind of flutter language to real questions so educators appear more intelligent.

What does that have to do with Gold & Fiat valuation? It seems obfuscation of knowledge is deliberate to keep people in a fog & believing they need others to think for them

In the language of idiocy, fiat is applied to paper money as if it had no other meaning. Ron Paul for instance is great at simplifying things to mislead. War bad, paper money worthless, ect... now don't get me wrong he gets a lot right, but what it seems he does as a goal is suck in simpletons to support him & it makes him important even though he's creating a group of fiercely loyal non thinking schmucks. Those schmucks now hate me lol, so be it. If they want to get head out of butt they should read on & try to think in real solid verified terms, not just believe in anyone. Easy is often stupid

Gold, going for over $1400 an ounce now. Is that intrinsic value? What can you do with Gold that justifies $1400 an oz? Nothing, that's an agreed valuation = FIAT evaluation. Just like paper money that's called fiat which is a dirty word to people if they don't really think. What's the intrinsic value? I mean it's an awesome metal, better than copper or even silver for conduction & extremely stable, won't corrode in normal environments. What's all that worth considering copper is high at $4.50 a pound? (much of that due to devaluation of the $ because of quantitative easing which correlates almost directly on the values of most items on the world market like oil & such) Gold is probably worth around 4 x what copper is as a industrial metal, around $20 a pound lets say. Crazy? Is it? the paradigm is that gold is very valuable but that's a fiat consideration.

What would Gold actually be worth if there was a very limited amount of food around? Would you starve your family to get a little gold? If you did you'd be nuts, but we have more obsessed fools than anyone probably really believes without careful analysis. Not that they are stupid, but they've accepted idiotic paradigms usually planted by other fools or those who Propagandize. I'm sorry, but Ron Paul is one of them. Pick a Politician, most of them do it to a point. Some without even understanding they are.

"Precious" metals, stones, and fiat $ fit into a discussion of the monetary system. That monetary system is a two edged sword as are most systems & institutions we have going now. On the one hand they really make life so much easier. You don't have to haul around a truck load of grain to buy a video game console, for instance, lol. At the same time it's used to manipulate and even basically use people, you could be extreme & term it a kind of enslavement or serfdom. So is your job : ).

I could go into a long complex thing about the monetary system,the institutions set up to capitalize on it, whole fields of study created to use it to transfer your work into wealth then take it from you using psychology, beyond the main stream psychology the intense study of human behavior & how to affect it and use it against us for others gain. For economics, or politics (they are not separated by any means it's a connected situation where money buys power & vise-versa)

Like the monetary system Institutions meant to protect & serve are used to take & control. Specifically law & the legal profession is more about power & basically stealing through leverage (which boils down to extortion) than protection at this point. The legal system & lawyers can take control of your life & put people through veritable hell which stress actually kills people & very often physically harms them. This is done deliberately to shake people down. They will pay for others to deal or get out of that pain.

Politicians work against the good of the people & use perverse psychological studies to effectively propagandize them so they don't understand it. Thank Edward Bernays, nephew of Sigmund Freud for much of that technology of the human mind. It was very literally used by Hitler to gain public support for what was done to the Jews in the Holocaust. The book is "Propaganda" a seriously evil work prepared by one who considered humans stupid dangerous animals that needed to be controlled by a superior group of elite

Now back to Gold & Silver standards in monetary policy. Being that they are valued on a fiat basis I see little benefit & huge downside in indexing money to them. You can't physically use them after you bind them to money & we need silver for tech. There isn't close to enough. Our economy is so complex with so
This thing said I had room then cut off the post, geez, here's the rest:

Our economy is so complex with so much diverse wealth creation, metals can't cover it

There's no perfect system & I'm outa space
orion ink ... fork you man ; ) lol
Mythos ... that's some great input and I agree. Thank you much, you've added to my understanding with your perspective I'd not really examined closely enough. Valuable information : )
Mythos ... Keynesian Economics was actually devised by elite in Harvard to aid in accomplishing a transfer of wealth from the commoners to the elite. It's got it's roots in England where they have a basic Oligarchy. They term that Oligarchies use of Capital as Capitalism, and the commoners (who have a snowballs chance in hell of moving up because the elites keep it all in the elite family) are basically used as live stock to create wealth for the elite who use Capital to make that work. European's idea of Capitalism is very much a different animal that our free market capitalism based on individual rights being exercised in the market place under protection of a government created to enforce the constitution which protects those rights.

admin answers:

I'm not going to respond to your entire question other than to say the problem with fiat currency is that it gets tied to the legal system via the U.C.C. And that's where the problem comes in.

Also, fiat currency is used to create a debauched banking system based on fractional reserve banking that allows bankers to reap absurdly ridiculous profits by reaping where they have not sown because of the nature of the currency.

JFK recognized this fact, wrote an Executive Order demanding Congress resume its Constitutional mandate of being the sole source of our currency, had "United States notes" issued tax free into circulation, and was promptly assassinated for doing so by the money powers.

Fiat currency is fine without backing by precious metals - as long as it's not tied to the legal system ("ever hear of "colorable currency"/colorable law"?) in a systematized effort to drain a nation's wealth.

Nancy asks…

Why do people waste these?

Precious stones come in a plethora of shapes and colors, and thousands of people collect them the world over, yet for some poeple, these gifts from nature, or a polished version thereof, is simply "not good enough". So what go they do? They cut and smash these natural wonders, toss them in a piece of scrap metal, and charge RIDICOLOUSLY high prices for these abominations.WHY is it these fools cannot see the beauty in a perfetct diamond or emerald mined from the earth, and instead feel they should destroy and mutilate these treasures, only too sell them to equally foolish consumers, who are charged anywhere from 250% to 10000% the stones atual value?

admin answers:

Your last seven words seem to provide the explanation you are looking for.


Jenny asks…

What are all the types of assets?

I'm fully aware of:
*commercial, medical, residential, retail real estate.
*private businesses, real estate investment trusts, stocks, mutual funds, exchange-traded funds, oil/natural gas trusts.
*corporate bonds, municipal bonds, other government bonds.
*precious stones, precious metals, other non-renewable natural resources that can be owned.
*knives, firearms, dehydrated food, water, water purifiers, other mostly-functional survival objects which could be traded after society collapses.
*knowledge of how to build, operate and repair systems, be they business or mechanical.

I'll define an asset as something that can add value to you or someone else, and can be traded for goods and/or services. I don't consider a job to be an asset, and self-employed-type skills like salesmanship are covered above under knowledge. Please don't start splitting hairs about any of the above (for instance, palladium goes under precious metals). I'm an investment fiend, and I need a new fix.

admin answers:

I think you are missing a big part of the intangible category - brand names and trademarks

These can by protected via patents and sold or leased.

William asks…

Is the ship wreck of the Portuguese carrack "Flor do Mar" the only ship wreck found off the coast of Sumatra?

From all the sunken treasures in the world, there is at least one which has been described as the ultimate prize for treasure hunters, the Holy Grail of shipwrecks and most legendary lost treasures: "The Flor do Mar", also named "Flor de la Mar." The Flor do Mar (Flower of the Sea) was a Portuguese ship of 400 tons, built in Lisbon in 1502.

She was taken out of the Lisbon - Goa route and participated in the conquest of Ormuz in 1507. She was also part of the battle of Diu in 1509, the conquest of Goa in 1510 and the conquest of Malacca in 1511. She was finally lost in a violent storm off the northern tip of the coast of Sumatra on her return trip to Lisbon with Alfonso de Albuquerque on board and the spoils of Malacca.

Stories about her spoils and her cargo of treasure: «…Aboard these ships are the rich plunder of Malacca and young boys and girls and specially the most rich objects ever seen. The Governor intended to offer them to Dona Maria, the Queen, and to the King himself. She was carrying a four legs table on which the Queen of Malacca used to take her meals that was worth 80.000 Cruzados. Even the merchants of Malacca offered 300.000 Cruzados to get it only for its precious stones. She was also carrying four sitting lions made of gold with perfumes inside. They used to be in the chamber of the King of Malacca, their eyes, tongs, teeth and nails were made of precious stones and their estimated value was 200.000 Cruzados…» According to other reports, she carried more than 80 tons of intricately worked gold objects and countless chests of precious stones and pearls.

December 2008 - Rumors have been spread that a salvage team is preparing itself to locate and recover the long lost treasures of Malacca. So did anyone or any salvage team actually salvaged or recover this long lost treasures of Malacca. Also are there any discovery of other similar sunken Portugese ship wrecks till today...? Thanks you...

For more information of this ship wreck click on the link below...
http://www.oceantreasures.org/pages/content/famous-wrecks/richest-wreck-in-the-world-scam-or-legend-to-become-true.html
Also here is a short video of The Secret of the "Flor do Mar" -- A novel that takes us, in the present, on a treasure hunt after a 500 year old Portuguese ship sunk off the strait of Malacca and transports us 5 centuries into the past, into the midst of the war between Portugal and Holland over South East Asia.

Click here to view this video
http://www.youtube.com/watch?v=7hi15MFrpjI

admin answers:

The only one I know

Betty asks…

Why Does the theistic world resemble the human world?

From an early age, those of us who grew up in Christian families hear about heaven. We hear about heavens pearly gates and the streets of gold. Gates are something that we build out of necesity. We create them in this material world. Meanwhile, gold is one of the most precious stones that has great monitary value to us in this world. But gold has not value in the after-life. Heavenly and other-worldly beaings such as angels and such have characteristics that resemble animals such as lions, eagles, and doves and some are described possesing musical instruments like trumpets and horns. Musical instruments are another human creation. Heaven is described as God's kingdom where his throne is found. Are these all just super-imposed images of man's familiar surrounding or are these all literal descriptions of Heaven and other-worldly beings?

admin answers:

(SORRY ABOUT THE CAPS< COMPUTER IS MESSED UP)

RELIGIONS ARE REFLECTIONS OF HUMAN VALUES: THIS CAN INCLUDE THINGS LIKE SOCIETY AND CULTURE

IN MY VIEW HEAVEN IS AN IDEA THAT BLUNTS THE FEAR OF DEATH OR INJUSTICE

OBVIOUSLY HUMANS HAVE SUPERIMPOSED THEIR OWN VALUE SYSTEMS ONTO THE RELIGIONS THEY CREATED

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