sorry couldn't resist any longer.
PeakOil is You
US$ GETTING DESTROYED!!! (71.31)
Re: US$ GETTING DESTROYED!!! (71.82)
by Atlantean_Relic » Thu 13 Mar 2008, 22:56:30
Everybody in Limbo time! How low can you go!
sorry couldn't resist any longer.
sorry couldn't resist any longer.Was a long and dark December
When the banks became cathedrals
And the fog
Became God
When the banks became cathedrals
And the fog
Became God
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Re: US$ GETTING DESTROYED!!! (71.82)
by Micki » Thu 13 Mar 2008, 22:59:49
The question I have is, when will we start seeing the crack-up boom when hyper inflation is more recognised and counted on?
- Micki
Re: US$ GETTING DESTROYED!!! (71.82)
by roccman » Fri 14 Mar 2008, 11:19:53
Low 71.701 2008-03-14 09:48:56
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
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Re: US$ GETTING DESTROYED!!! (71.70)
by Chuckmak » Fri 14 Mar 2008, 11:57:04
lol @ the dollar trying to inch back up then gets promptly bitch slapped back down again
http://quotes.ino.com/chart/?s=NYBOT_DX&v=s
http://quotes.ino.com/chart/?s=NYBOT_DX&v=s
"if god doesn't exist, it is necessary that we invent him" - Voltaire
"they say prescott bush funded hitler" - Nas
"they say prescott bush funded hitler" - Nas
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Re: US$ GETTING DESTROYED!!! (71.70)
by The_Toecutter » Fri 14 Mar 2008, 15:43:19
$this->bbcode_second_pass_quote('', 'l')ol @ the dollar trying to inch back up then gets promptly bitch slapped back down again
The U.S. dollar tried to kill the metal, but it failed, as it was stricken down to the ground.
The unnecessary felling of a tree, perhaps the old growth of centuries, seems to me a crime little short of murder. ~Thomas Jefferson
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Re: US$ GETTING DESTROYED!!! (71.70)
by RonMN » Fri 14 Mar 2008, 16:53:57
71.66 at last glance.
Quis custodiet ipsos custodes.
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Re: US$ DROPPING LIKE A ROCK!!!!!!!!!!!!!!!
by Euric » Sat 15 Mar 2008, 13:09:44
$this->bbcode_second_pass_quote('roccman', '[')img]http://www.wave2capital.com/kitco/sitting_pretty.JPG[/img]
It is so hilarious how Americans get so excited about the price of gold in obsolete units of ounces. Yet most gold bullion is minted in gram amounts, the most popular being the kilobars.
In the picture above, the gold the man is sitting on are kilobars, not ounces.
Those ounce coins are no bargain, they are not even close to being pure gold. The kilobar is the best bargain. The premium is low compared to those in ounces (See below).
I think the only reason gold is priced in some markets in ounces instead of grams is to cheat people by not stating the true price in grams.
The real price in major currencies in grams can be found at this site;
http://goldprice.org/gold-price-per-kilo.html
A kilogram of gold is selling for 32 k$/kg and 20 k€/kg. If you want to know the gram price, the numbers don't change, just the k is dropped.
http://goldprice.org/buying-gold/2006/0 ... d-bar.html
One can buy gold bars from as small as one gram up to one kilogram and for commercial purposes.
The kilobar, which is to say 1000 grams (1 kg) in mass, is the bar that is more manageable and is used extensively for trading and investment. The premium on these bars when traded is very low over the spot value of the gold making it ideal for small, transfers between banks and traders. Most of the kilobars are flat although you will also find some investors in Europe will prefer the brick shape.
The smaller one ounce, ten ounce, one kilogram and even ten kilogram bars are favored by the small investor as easier to buy even though the premium on the bars are higher.
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Re: US$ GETTING DESTROYED!!! (71.70)
by Denny » Sun 16 Mar 2008, 19:39:53
I am wondering if the almost demise of Bear Stearns is not a defacto run on the U.S. currency.
When so much U.S. currency is held outside the country, a lot of the bankers themselves will see a run develop as their foreign depositors decide to bail before they lose even more. Its not like the banks maintain special reserves to deal with foreigners.
It could get scary this week..
When so much U.S. currency is held outside the country, a lot of the bankers themselves will see a run develop as their foreign depositors decide to bail before they lose even more. Its not like the banks maintain special reserves to deal with foreigners.
It could get scary this week..
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Re: US$ GETTING DESTROYED!!! (71.70)
by chrispi » Sun 16 Mar 2008, 21:32:01
I can't wait to see what will happen next to the Yankoslavian Dinar, ahem, US$. Already the CHF has broken parity with it. Are we going to experience a St. Paddy's Day Massacre in the markets? 
"When the world is running down, you make the best of what's still around."--The Police
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Re: US$ DROPPING LIKE A ROCK!!!!!!!!!!!!!!!
by jasonraymondson » Sun 16 Mar 2008, 21:55:03
$this->bbcode_second_pass_quote('Euric', '')$this->bbcode_second_pass_quote('roccman', '[')img]http://www.wave2capital.com/kitco/sitting_pretty.JPG[/img]
It is so hilarious how Americans get so excited about the price of gold in obsolete units of ounces. Yet most gold bullion is minted in gram amounts, the most popular being the kilobars.
In the picture above, the gold the man is sitting on are kilobars, not ounces.
Those ounce coins are no bargain, they are not even close to being pure gold. The kilobar is the best bargain. The premium is low compared to those in ounces (See below).
I think the only reason gold is priced in some markets in ounces instead of grams is to cheat people by not stating the true price in grams.
The real price in major currencies in grams can be found at this site;
http://goldprice.org/gold-price-per-kilo.html
A kilogram of gold is selling for 32 k$/kg and 20 k€/kg. If you want to know the gram price, the numbers don't change, just the k is dropped.
http://goldprice.org/buying-gold/2006/0 ... d-bar.html
One can buy gold bars from as small as one gram up to one kilogram and for commercial purposes.
The kilobar, which is to say 1000 grams (1 kg) in mass, is the bar that is more manageable and is used extensively for trading and investment. The premium on these bars when traded is very low over the spot value of the gold making it ideal for small, transfers between banks and traders. Most of the kilobars are flat although you will also find some investors in Europe will prefer the brick shape.
The smaller one ounce, ten ounce, one kilogram and even ten kilogram bars are favored by the small investor as easier to buy even though the premium on the bars are higher.
Whatever you say... you pompous European douche
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