Hey looky! We can all afford 3/4oz of au for 1oz of our ag!

ill happily swap 1/2 oz Gold for 1 Oz silver if they will do a quick trade.... above market value... they should be happy
 
gbickle said:
ill happily swap 1/2 oz Gold for 1 Oz silver if they will do a quick trade.... above market value... they should be happy
Click to expand...

I can do better than that Mr B!

I'll give you TWO oz of my Ag for every ONE of your Au lol!

(This kinda thing stretches the limits of belief, though doesn't it?!?!? I wish I had an accountant like that!)

;)x
 
Y'know, just when I got "numb" to the amount of crap MSM and economic "white noise" (I won't have the affrontery to call it news) that floats out there... I go and see some peanut in a Gubbermint valuing gold at $42.22/oz.

What an absolute twat (at least, if I'm reading this link VRS put up correctly?)

There aint a sign big enough for me to graffiti "BUZZ" on, lemme tell ya!
 
I'll make them an offer they can't refuse. I'll offer them $43/ozt for their gold. I mean, who doesn't like selling at a profit? Am I right?
 
[youtube]http://www.youtube.com/watch?v=0OkITedQrek[/youtube]

The gold on the US balance sheet was turned in for 'Gold Certs' based on the 1934 price... hence the Fed doesn't 'own' or have any lien on any gold which may (or which may not) now be owned by the Treasury... Just think... all those tungsten gold-plated 400oz-ers sitting in Fort Knox...

[youtube]http://www.youtube.com/watch?v=lolaisQ6gbY[/youtube]

Which is probably another reason why now, apart from the short positions held in cahoots between JP Morgue & mates with The Fed's blessing, & after Chavez insisted on taking delivery etc., the Yanks won't be giving Germany their 1450 tonnes back in a hurry...

Great to know these people are still in charge isn't it?!?

;)x
 
gentleman,

I think you are misinterpreting the "book value" is the average cost the gold was acquired at.

When a company chooses to sell, then you record the gain or loss on the book value.

This is standard GAAP accounting.
 
RCM said:
gentleman,

I think you are misinterpreting the "book value" is the average cost the gold was acquired at.

When a company chooses to sell, then you record the gain or loss on the book value.

This is standard GAAP accounting.
Click to expand...

Yes i agree. The $42 is just the price they've paid for their gold.
 
Ag-ness said:
They must've gotten it from one of those shopping centre buying booths.
Click to expand...

When you pay for your gold in the blood of the peasants you send to pilfer if from all over the globe, it really brings your dollar cost average down.
 
Ausecon said:
Yes i agree. The $42 is just the price they've paid for their gold.
Click to expand...

So I therefore assume that all gold movements in/out, gold loaned to their 'friends' LBMA/LME/COMEX are valued at par... oh no... hang on... something wrong with that hypothesis...

If that's all the US 'paid' for their gold why has The Fed & Treasury resisted every attempt so far to do an audit?

The last was in the 1950's... lost in the mists of Time... all those coconut shells moving around hiding the peanut...

'You can't audit US... We are THE FED!' - Isn't that what The Bernank's saying here?:

[youtube]http://www.youtube.com/watch?v=AidBugvVqpw[/youtube]

;)x
 
RCM said:
"Standard GAAP accounting."
Click to expand...

Now there's a novel idea - although I can't seem to find it in me to do anything other than substitute the word 'standard' for the word 'creative' lol - because that's exactly what it is.

It's a shame they couldn't work in some depreciation in there as a business asset as well eh? (Hmmm... 20% pa since 1934... that's a mighty tax offset...)

;) x
 
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