2020 Collapse

Discussion in 'Markets & Economies' started by TreasureHunter, Dec 8, 2019.

  1. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    He’s a wanker. Won’t be able to justify anything.
     
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  2. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    One of the good things about this forum is that conservatives and leftys treat each other pretty respectfully because we are a community here. Writing off two senior members and putting them on an ignore list before spending time in conversation and getting to know them as people is not a great strategy, they are both well respected here for good reason.
     
  3. alor

    alor Well-Known Member Silver Stacker

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    the old timers got good stuffs, new comers not aware, and went ahead to offend
    the collecting journey is going to get tougher
    mee you may not get along, but the gold/silver would make up the differences in trades
    as the sayings go, they may not like you, but will take your coins etc
     
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  4. JulieW

    JulieW Well-Known Member Silver Stacker

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    The view from a high horse is sadly devoid of nuance or detail.

    As Eliot says, shape without form, shade without colour.
     
    Last edited: Aug 20, 2020
  5. TreasureHunter

    TreasureHunter Well-Known Member

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    Is gold crashing?

    Peter Hug: "You can’t call this market normal"




    My opinion: gold can crash even during crisis, the 2012-2013 correction has showed us. If they're selling paper gold off and if the buying thirst of physical doesn't keep up,
    then gold's price doesn't go up.
     
  6. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Been here now for 6 minutes and already has 4 members on his ignored list? Give him another 12 months and he'll only be having conversations with himself. :p
     
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  7. TreasureHunter

    TreasureHunter Well-Known Member

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    Interesting video WITH Milton Friedman narrating...

    Worth watching.
    From 0:35, Milton Friedman says: "...in this unlikely place, the town of Bodie sprang up. In its day, Bodie was filled with prostitutes, drunkards and gamblers..."

    It used to be a gold mining town.
    Hilarious: where there's gold, there's loads and loads of hookers :D :D :D

    How funny that even Milton Friedman starts the story with "...was filled with prostitutes...", as if that were the most important "industry" in town :D :D :D
    How important was it for him to start the presentation of the town with HOOKERS.

    But, perhaps that was the most important "branch" of the economy :D

     
  8. JulieW

    JulieW Well-Known Member Silver Stacker

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    On the above piece on Friedman, the Black Hills in Dakota had a gold rush and the town of Deadwood sprang up.

    About 150 years later a TV series was made about the town of Deadwood. A series I highly recommend for background on Mr Friedman's comments - and a fairly authentic portrayal of gold rush towns back then.
     
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  9. JulieW

    JulieW Well-Known Member Silver Stacker

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    Closer to home in Ballarat, Victoria our forefathers started a revolution on the Gold fields. One of the leaders of the Eureka Stockade was one Peter Lalor who went on to become a member of Parliament. Nothing like a little insurrection and treason to establish a political career.

    Interestingly, one of our family found his fortune in Ballarat with a fairly productive gold mine. I've often wondered if great, great granddaddy took part in the uprising. I like to think so.

    As for the mine, the large part of the fortune disappeared in the 1890s depression, followed by a giant fraud by the family lawyer and early Premiere Sir Thomas Bent (appropriate name).

    The remnant of the fortune mostly disappeared in the 1930s depression, but enough remained to support a family business through that time and which thrived for about 40 years until the credit squeeze of the 1960s took that as well.

    No wonder I don't like banks, lawyers or politicians! Lol.
     
  10. JulieW

    JulieW Well-Known Member Silver Stacker

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    FFS check this out!

    Feeling left out of the conversation because of his ignore button. Even had to go to SS anonymously to see who he'd ignored so he could try for a self-important shot at the ignored member he was so curious to discover.

    Oh, and apparently, contrary to his previous posts, he claims to have some lingering respect for me. Instituted it seems so that he could withdraw it again. Like I care about his respect or lack thereof?

    There's been some namby pamby losers slinging their poo at these hallowed walls, but this character wins Loser of the Month hands down.

    A good laugh though, and it's fun counting his errors in punctuation and grammar also.
     
    Last edited: Aug 21, 2020
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  11. JulieW

    JulieW Well-Known Member Silver Stacker

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    I need you to ignore me again.
     
    Last edited: Aug 21, 2020
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  12. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    A bit about what it used to look like in the Goldfields.
    https://www.bbc.co.uk/reel/video/p08nwwh4/the-abandoned-welsh-town-in-the-middle-of-australia
     
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  13. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    good say for shares again today

    NAB and westpac up almost 5%
     
  14. Jason1

    Jason1 Well-Known Member

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  15. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    It looks to me like John Galt is back with a new username.
     
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  16. TreasureHunter

    TreasureHunter Well-Known Member

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    He corrected me once saying he's: John L Galt :D
     
  17. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Yep, "L" for Loser.
     
  18. precious roar

    precious roar Active Member

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    Or Lunatic
     
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  19. alor

    alor Well-Known Member Silver Stacker

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  20. TreasureHunter

    TreasureHunter Well-Known Member

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    So, what do you think, is gold going to take a deep dive like in 2012-2013?
     

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