Australian Politics Forum - All the money in the world

... Gold Member Offline Posts: 23673 WA Gender:	All the money in the world Jan 14^th, 2016 at 6:58pm I needa get me some o dem derivatives
Back to top	In the fullness of time... IP Logged

Bobby. Gold Member Offline Australian Politics Posts: 106557 Melbourne Gender:	Re: All the money in the world Reply #1 - Jan 14^th, 2016 at 7:32pm Those derivatives are scary. They threaten to bring down the world's economy. Example: I've heard that most gold is not real but on paper.
Back to top	IP Logged

cods

Gold Member

Offline

Australian Politics

Posts: 88048

Re: All the money in the world
Reply #2 - Jan 15^th, 2016 at 7:19am

Bobby. wrote on Jan 14^th, 2016 at 7:32pm:

Those derivatives are scary.

They threaten to bring down the world's economy.

Example:

I've heard that most gold is not real but on paper.

I can never understand all the hype about gold...

its a looking at thing...its nice to LOOK AT...

you cant make a dress out of it...you cant eat it...you cant make machinery out of it...for it to be any use it need additives to make it stronger..

so why the hype....at least diamonds have a secondary use....why is gold still a currency in this day and age bobs?? you seem to know a bit about this....its beautiful and makes one feel special....but for most of us we cant tell 9ct from 24 ct.. or even real gold from fake gold...

so is it a delusion and we are being hoodwinked by who ever controls the world currency

Back to top

IP Logged

... Gold Member Offline Posts: 23673 WA Gender:	Re: All the money in the world Reply #3 - Jan 15^th, 2016 at 8:27am Gold is valuable because of all the elemnts, it is the only one to tick all these boxes: solid non reactive stable identifiable relatively easy to extract and process quite, but not too rare. All are necessary for a viable currency.
Back to top	In the fullness of time... IP Logged

greggerypeccary Gold Member Offline Australian Politics Posts: 139232 Gender:	Re: All the money in the world Reply #4 - Jan 15^th, 2016 at 8:30am cods wrote on Jan 15^th, 2016 at 7:19am: so is it a delusion and we are being hoodwinked by who ever controls the world currency Yes, and yes. However, that's the way currency "works".
Back to top	IP Logged

innocentbystander.

Gold Member

Offline

Australian Politics

Posts: 4723
Gender: male

Re: All the money in the world
Reply #5 - Jan 15^th, 2016 at 1:03pm

Bobby. wrote on Jan 14^th, 2016 at 7:32pm:

Those derivatives are scary.

They threaten to bring down the world's economy.

Example:

I've heard that most gold is not real but on paper.

Yes thats true, basically they write you an iou and if you want your actual gold they go and buy some for you and send it to you, the problem with this is the same problem that the banks have when everyone decides to draw their money out on the same day, there isn't actually enough gold (or money) to go around so the whole system collapses.

Its basically just another financial scam aided and abetted by incompetent government in order to keep the crazy capitalist pyramid scheme going.

Back to top

IP Logged

Bobby.

Gold Member

Offline

Australian Politics

Posts: 106557
Melbourne
Gender: male

Re: All the money in the world
Reply #6 - Jan 15^th, 2016 at 1:38pm

innocentbystander. wrote on Jan 15^th, 2016 at 1:03pm:

Bobby. wrote on Jan 14^th, 2016 at 7:32pm:

Those derivatives are scary.

They threaten to bring down the world's economy.

Example:

I've heard that most gold is not real but on paper.

Yes thats true, basically they write you an iou and if you want your actual gold they go and buy some for you and send it to you, the problem with this is the same problem that the banks have when everyone decides to draw their money out on the same day, there isn't actually enough gold (or money) to go around so the whole system collapses.

Its basically just another financial scam aided and abetted by incompetent government in order to keep the crazy capitalist pyramid scheme going.

Yes & not even the Yanks - the most powerful country in the world
could give Germany it's gold back.

Why? - they don't have it -

thieves have stolen it.

Back to top

IP Logged

greggerypeccary Gold Member Offline Australian Politics Posts: 139232 Gender:	Re: All the money in the world Reply #7 - Jan 15^th, 2016 at 1:40pm Bobby. wrote on Jan 15^th, 2016 at 1:38pm: Yes & not even the Yanks - the most powerful country in the world could give Germany it's gold back. Why? - they don't have it - thieves have stolen it. 9-11
Back to top	IP Logged

Bobby.

Gold Member

Offline

Australian Politics

Posts: 106557
Melbourne
Gender: male

Re: All the money in the world
Reply #8 - Jan 15^th, 2016 at 1:43pm

greggerypeccary wrote on Jan 15^th, 2016 at 1:40pm:

Bobby. wrote on Jan 15^th, 2016 at 1:38pm:

Yes & not even the Yanks - the most powerful country in the world
could give Germany it's gold back.

Why? - they don't have it -

thieves have stolen it.

9-11

Angela Merkel wasn't even allowed to see the Gold.

What a mafia organisation of crooks the Yanks are.

Back to top

IP Logged

aquascoot

Gold Member

Offline

Australian Politics

Posts: 35053
Gender: male

Re: All the money in the world
Reply #9 - Jan 15^th, 2016 at 1:49pm

Bobby. wrote on Jan 15^th, 2016 at 1:43pm:

greggerypeccary wrote on Jan 15^th, 2016 at 1:40pm:

Bobby. wrote on Jan 15^th, 2016 at 1:38pm:

Yes & not even the Yanks - the most powerful country in the world
could give Germany it's gold back.

Why? - they don't have it -

thieves have stolen it.

9-11

Angela Merkel wasn't even allowed to see the Gold.

What a mafia organisation of crooks the Yanks are.

i love and admire the USA and we should try to emulate them in everything we do (short of electing a democrat, of course)

Back to top

IP Logged

Bobby.

Gold Member

Offline

Australian Politics

Posts: 106557
Melbourne
Gender: male

Re: All the money in the world
Reply #10 - Jan 15^th, 2016 at 8:54pm

aquascoot wrote on Jan 15^th, 2016 at 1:49pm:

Bobby. wrote on Jan 15^th, 2016 at 1:43pm:

greggerypeccary wrote on Jan 15^th, 2016 at 1:40pm:

Bobby. wrote on Jan 15^th, 2016 at 1:38pm:

Yes & not even the Yanks - the most powerful country in the world
could give Germany it's gold back.

Why? - they don't have it -

thieves have stolen it.

9-11

Angela Merkel wasn't even allowed to see the Gold.

What a mafia organisation of crooks the Yanks are.

i love and admire the USA and we should try to emulate them in everything we do (short of electing a democrat, of course)

Come on - the Yanks are crooks -

they stole all of Germany's gold.

Back to top

IP Logged

innocentbystander. Gold Member Offline Australian Politics Posts: 4723 Gender:	Re: All the money in the world Reply #11 - Jan 15^th, 2016 at 9:19pm Bobby. wrote on Jan 15^th, 2016 at 8:54pm: they stole all of Germany's gold. No point in leaving it to the mussies.
Back to top	IP Logged