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qman
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Re: The Gold Standard [Re: psilynut]
#23939906 - 12/19/16 09:00 AM (7 years, 1 month ago) |
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Quote:
psilynut said: It would be better if you and I could form a small mining company , go out find super rich easy to mine ground on public land and make allot at money with minimal effort . That's not the reality of gold mining anymore though . Gold is getting harder and harder to come by and it's just going to keep getting harder to find . The best I can do is about 5 dollars per hr and this is in places that were historically rich .

A gold standard would put the future of our currency and the entire supply in the hands of a few large mining companies that are able to produce significant amounts . That seems like a terrible idea .
"would put the future of our currency and the entire supply in the hands of a few large mining companies"
What a bunch of nonsense.
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qman
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Re: The Gold Standard [Re: psilynut]
#23939908 - 12/19/16 09:03 AM (7 years, 1 month ago) |
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Quote:
psilynut said: What do you think would happen to the value of gold if we returned to the gold standard ? There isn't enough of it out of the ground to come close to backing up the amount money we need in circulation to keep our economy going . I ve read articles that theorize if we returned it would go way up , 400 to 500 percent . If you can find gold everyday easily you might like It. It Took me a day playing in a river to get the gold in that pic, it's a little over a gram worth about 40 bucks maybe . I would probably like a gold standard and a really high gold price . I know I can do allot better .
Yes, to have a 40% backing, the price of gold would need to be fixed at a much higher price than where it trades today.
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qman
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Takethatdarwin
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Re: The Gold Standard [Re: qman]
#23939926 - 12/19/16 09:14 AM (7 years, 1 month ago) |
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The largest single advantage is it would make money creators and distributors accountable for over creating monies and discriminatory distribution of these inflated currencies.
Look at the wealth distribution since America has removed the gold standard and how has that been for the average American?
Has the average Americans purchasing power increased significantly or decreased significantly since the removal of the gold standard?
Have the top one percent exponentionally increased their wealth since this has been removed?
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qman
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Quote:
Takethatdarwin said: The largest single advantage is it would make money creators and distributors accountable for over creating monies and discriminatory distribution of these inflated currencies.
Look at the wealth distribution since America has removed the gold standard and how has that been for the average American?
Has the average Americans purchasing power increased significantly or decreased significantly since the removal of the gold standard?
Have the top one percent exponentionally increased their wealth since this has been removed?
That's the truth, the current monetary system favors the very top, the wealth inequality we have today is based on that system.
You can't have an annual trillion dollar trade deficit when you're on a gold standard.
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ballsalsa
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finalexplosion Banned: 12/17/16 04:31 PM Expires: Never Reason: Unapproved Puppet
Takethatdarwin Registered On 12/19/16 07:43 AM
--------------------
Like cannabis topics? Read my cannabis blog here
Edited by ballsalsa (12/19/16 09:35 AM)
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The Ecstatic
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Re: The Gold Standard [Re: qman]
#23939957 - 12/19/16 09:38 AM (7 years, 1 month ago) |
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Quote:
qman said:
Quote:
psilynut said: It would be better if you and I could form a small mining company , go out find super rich easy to mine ground on public land and make allot at money with minimal effort . That's not the reality of gold mining anymore though . Gold is getting harder and harder to come by and it's just going to keep getting harder to find . The best I can do is about 5 dollars per hr and this is in places that were historically rich .

A gold standard would put the future of our currency and the entire supply in the hands of a few large mining companies that are able to produce significant amounts . That seems like a terrible idea .
"would put the future of our currency and the entire supply in the hands of a few large mining companies"
What a bunch of nonsense.
He's not entirely wrong. The value of precious metals can be manipulated just as easily as currency can.
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qman
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Quote:
The Ecstatic said:
Quote:
qman said:
Quote:
psilynut said: It would be better if you and I could form a small mining company , go out find super rich easy to mine ground on public land and make allot at money with minimal effort . That's not the reality of gold mining anymore though . Gold is getting harder and harder to come by and it's just going to keep getting harder to find . The best I can do is about 5 dollars per hr and this is in places that were historically rich .

A gold standard would put the future of our currency and the entire supply in the hands of a few large mining companies that are able to produce significant amounts . That seems like a terrible idea .
"would put the future of our currency and the entire supply in the hands of a few large mining companies"
What a bunch of nonsense.
He's not entirely wrong. The value of precious metals can be manipulated just as easily as currency can.
All the gold that has ever been mined is still in human hands, global mining production only adds 2% per year to that supply. That doesn't give mining companies any power at all.
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ballsalsa
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Re: The Gold Standard [Re: qman]
#23939971 - 12/19/16 09:47 AM (7 years, 1 month ago) |
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asteroids, bro. asteroids.
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Takethatdarwin
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Quote:
The Ecstatic said:
Quote:
qman said:
Quote:
psilynut said: It would be better if you and I could form a small mining company , go out find super rich easy to mine ground on public land and make allot at money with minimal effort . That's not the reality of gold mining anymore though . Gold is getting harder and harder to come by and it's just going to keep getting harder to find . The best I can do is about 5 dollars per hr and this is in places that were historically rich .

A gold standard would put the future of our currency and the entire supply in the hands of a few large mining companies that are able to produce significant amounts . That seems like a terrible idea .
"would put the future of our currency and the entire supply in the hands of a few large mining companies"
What a bunch of nonsense.
He's not entirely wrong. The value of precious metals can be manipulated just as easily as currency can.
Well can you explain why the average Americans wages and spending power sharply fell after the gold standard was removed. And why the top one percent now hoard more wealth than ever in American history since the removal of the gold standard?
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Morel Guy
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I don't really understand market values. What raises or lowers, otherwise sets the price for stock and commodities.
Gold isn't all that hard to find. It's getting to it that cost money. Lot's of claims have gold that does not pay the mining costs.
You can buy a placer claim for three grand. It's small and hard to get to. Also can't make camp for more than 2 weeks on public land. Logistics are the difficulty and cash on hand solves problems.
-------------------- "in sterquiliniis invenitur in stercore invenitur" In filth it will be found in dung it will be found
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akira_akuma
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Quote:
hostileuniverse said:

you should be banned for this post.
Quote:
What a bunch of nonsense.
who's gonna head the watchdogs on the producers of gold?
Quote:
qman said: That's the truth, the current monetary system favors the very top, the wealth inequality we have today is based on that system.
and thus it ever was, sadly.
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psilynut
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Re: The Gold Standard [Re: qman]
#23940866 - 12/19/16 05:01 PM (7 years, 1 month ago) |
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Quote:
qman said :
All the gold that has ever been mined is still in human hands, global mining production only adds 2% per year to that supply. That doesn't give mining companies any power at all.
New gold discoveries can cause Gold values and currency values to drop . Isn't that why we created the federal reserve? i guess I worded that wrong , I didn't mean power over us I meant our economic stability could revolve around their success or failure .
If we backed our currency with gold the price per ounce would have to be insanely high . I don't know exactly how high , but I read an article that guessed around 5000 per ounce .What do you think 5000 a Troy ounce would do to production? I imagian it would go way the fuck up . My personal production sure as fuck would . I would break every California mining regulation for that price . Morel guy is right allot of places have gold that are currently unprofitable to mine for various reasons . There is allot of gold on the ocean floor , wether or not it ever gets mined depends on companies figureing out how to make it profitable .
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akira_akuma
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Re: The Gold Standard [Re: psilynut]
#23940897 - 12/19/16 05:12 PM (7 years, 1 month ago) |
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de-centralize man!
hey, Fal...DE-CENTRALIZE BRO!
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qman
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Re: The Gold Standard [Re: psilynut]
#23940929 - 12/19/16 05:25 PM (7 years, 1 month ago) |
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Quote:
psilynut said:
Quote:
qman said :
All the gold that has ever been mined is still in human hands, global mining production only adds 2% per year to that supply. That doesn't give mining companies any power at all.
New gold discoveries can cause Gold values and currency values to drop . Isn't that why we created the federal reserve? i guess I worded that wrong , I didn't mean power over us I meant our economic stability could revolve around their success or failure .
If we backed our currency with gold the price per ounce would have to be insanely high . I don't know exactly how high , but I read an article that guessed around 5000 per ounce .What do you think 5000 a Troy ounce would do to production? I imagian it would go way the fuck up . My personal production sure as fuck would . I would break every California mining regulation for that price . Morel guy is right allot of places have gold that are currently unprofitable to mine for various reasons . There is allot of gold on the ocean floor , wether or not it ever gets mined depends on companies figureing out how to make it profitable .
"What do you think 5000 a Troy ounce would do to production?"
The annual production is 2,500 tons, could it go higher at that price? Yes, how much is anyone's guess, I would say 20% higher. It's very tough to get all the permits needed to get a deposit into production, it takes many years.
I know when gold moved from $20 to $35oz, production around the world did jumped higher and it caused some (inflation) concerns.
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Morel Guy
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Re: The Gold Standard [Re: qman] 1
#23941008 - 12/19/16 05:52 PM (7 years, 1 month ago) |
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It is cheap and easy to get placer mining papers and permits. Super easy and cheap. Even lode mines are not that costly or difficult. It is the explosive permits if you use those. Explosives take a longer harder more expensive route. But anyone can own a claim with a bit of stream or river that has nuggets.
-------------------- "in sterquiliniis invenitur in stercore invenitur" In filth it will be found in dung it will be found
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psilynut
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Re: The Gold Standard [Re: qman]
#23941278 - 12/19/16 06:52 PM (7 years, 1 month ago) |
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Quote:
The annual production is 2,500 tons, could it go higher at that price? Yes, how much is anyone's guess, I would say 20% higher. It's very tough to get all the permits needed to get a deposit into production, it takes many years.
You mean 200 tons. 2500 is the world right ? Russia produces more than us . China produces more than both of us put together . Even Australia kicks our ass we barley out produce Canada . No else is going to want to be on the gold standard with us . Maybe we could ask them nicely , but I doubt it . Are you assuming the rest of the world will join us ?
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akira_akuma
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Re: The Gold Standard [Re: psilynut]
#23941362 - 12/19/16 07:14 PM (7 years, 1 month ago) |
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gold standard would be nice for Canada...then we'd have to up production, so the US doesn't come for our shit. we might even have to make a bigger army.
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The Ecstatic
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Quote:
Takethatdarwin said:
Quote:
The Ecstatic said:
Quote:
qman said:
Quote:
psilynut said: It would be better if you and I could form a small mining company , go out find super rich easy to mine ground on public land and make allot at money with minimal effort . That's not the reality of gold mining anymore though . Gold is getting harder and harder to come by and it's just going to keep getting harder to find . The best I can do is about 5 dollars per hr and this is in places that were historically rich .

A gold standard would put the future of our currency and the entire supply in the hands of a few large mining companies that are able to produce significant amounts . That seems like a terrible idea .
"would put the future of our currency and the entire supply in the hands of a few large mining companies"
What a bunch of nonsense.
He's not entirely wrong. The value of precious metals can be manipulated just as easily as currency can.
Well can you explain why the average Americans wages and spending power sharply fell after the gold standard was removed. And why the top one percent now hoard more wealth than ever in American history since the removal of the gold standard?
I sure can: its because there are a shutload more factors at play than the ones you think support your argument.
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Takethatdarwin
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Re: The Gold Standard [Re: ballsalsa]
#23942621 - 12/20/16 07:57 AM (7 years, 1 month ago) |
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Quote:
ballsalsa said:

finalexplosion Banned: 12/17/16 04:31 PM Expires: Never Reason: Unapproved Puppet
Takethatdarwin Registered On 12/19/16 07:43 AM
Lol nice try we can get take that etymology from twitter to anylyze the language patterns and clearly we are not the same person
-------------------- Making sure these bored retired hobbyists stay busy during the holidays. Looking through some of them it looks like they Waste so much time and effort on these mediums they should be compensated salaries. Everyone could use some holiday double time ;p
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