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October 13, 2010 |
In: Awesome, Nature
Follow Leo on Tapiture
Why you gotta bust Fatty McGee in the last spot? Why, Chive?
I appreciate when chive does that actually. After looking at 25 & 26 i can't help but get a boner(Not really safe for work) then they plaster the fat dude in there to help. Thank you chive!
#26 is amazing! Does anybody knows who she is?
This one went downhill in a hurry…. without 25, 26, it would have been a total waste
Middle East people get's all the luxury and fun…
Yeah, well, if you saw the living conditions of their women, you would change your mind; unless you're a douche.
you must have some sand in your vagina!!!!
I'd also hide my wife if she had a moustache.
My guess is they only place a thin layer on top
yeah it's just gold fleck paint, gold is extremely malleable and doesn't form solid sheets that hold their form too well.
That's what she said. Wait… I don't get it.
i love gooooooold
How about, NO!…you freaky dutch bastard
Bong and a Blintz?
I would prefer that to having no money and too much class.
the density is mind boggling…on another note, Chive, please do not post pics of Paris Hilton unless its a demotivational or shes getting decapitated!
There is something obnoxious about a silly little rich socialite painted up in gold.
Decapitated? Since there's nothing inside, that's a waste of effort..
#18. Who the heck gave you permission to take a picture of my storage unit?
(Being serious for a moment)
Gold is a serious bubble, people think gold is an inflation hegde, however on fundamental demand, 78% of gold is used for jewelry and not as a currency. Gold was at $270 a troy ounce in January 2001, so if was truely inflation based, with gold currently trading at about $1360/ troy ounce, prices for everything would be about 5 times the cost it was then (Gas around US$6.00 a gallon). The truth is fundamentally it is a specualtion play on consumer discretionary spending. If you are looking at buying gold now, be very, very careful. This reminds me of when oil was driven above $120 a barrel by the hedge funds.
The price of gold is only reflecting the value of the assets its price in, in this case dollars. So gold is generally the same "value" while it takes more of our fiat dollars to buy it.
Its inflation buddy the value of our money is decreasing (taking more dollars to buy gold with it)
"bubble" or not, our money is rapidly losing its purchasing power.
It is not just inflation, otherwise Light Crude oil, which is also priced in dollars and was trading around $55 a barrel in January 2001 would now be trading at $1350. This is a bubble in its purest sense.
The truth is if gold is truely an inflation hedge, how is it that 80% of gold is used as a consumer discretionary commirdity and not as a curreny. In addition, I agree that inflation has gotten out of control with "Helichopter" Ben Bernanke's refusal to raise rates and talk of futher quantitative easing has weakened the US dollar alot, however there is not enough inflation for a product to more than quadruple in then years. Items are not five times the cost of what they were ten years ago, so the dollars has more purchasing power than people believe. Even so, since less than 20% of the gold mined is used for a commodity (Gold is also used in consumer electronics and treatment for arthritis), if our money has weakened by 50%, it would only serve to double the 20% used as a currency hedge, making the fair value around $378. ($270 * 1.4, account for a doubling in the 20%)
The average is that an ounce of gold's price is 1 1/2 times the S&P or 1.50 dating back to the 1930's. taking this based on the S&P right now, we should be way higher (>1500). If you take $850 gold in 1980 and discount the purchasing power of gold in todays dollars adjusted for inflation in todays terms, it should be around $2130 an ounce, it's relative not only to fiat currencies, but also the the price of indexes…. based on this avg price ratio (not saying it will get to $2130). based on what you said about inflation hedges and how inefficient markets are, its gonna be a while. They could prop the market up for a long time at this rate
*insert insightful article about gold prices in comparison to the US economy, making valid points about what the government should or shouldn't do as far as intervening is concerned*
This. Gold's value is being artificially inflated by those jackasses paying Glenn Beck to scare people that US currency is going to hell and we all should buy gold at once 'cuz look at how quick the price has gone up 'cuz everybody knows you should buy high and sell low. Yeah.
Gold is tacky. Period.
Really Chive… #27..
WHO IS #26 SHE DESERVES HER OWN POST
Looks like Sophie Monk
I already said who it was above. Anna Falchi
Ummmmmmm I think she GOT her own post didnt she?
Anna Falchi Max
Couple of Goldfinger possibilities in there
actually it has specific uses that other metals can't perform. To name a few, gold is used in some catalytic converters, it conducts electricity better than any other metal, and it is required for use with scanning electron microscopes. The fact that it's rare and not necessarily easy to mine also makes it more valuable. Supply/Demand.
**not necessarily available to mine
Silver is the best conductor. Not hatin', just sayin'. Get your facts straight if you want to sound smart.
Gold does not form oxides or sulfides, so it has greater longevity. It is used for sensitive electronic devices for this reason, and the reason that gold does not migrate into the device's semiconducting material.
Overall… a better conductor.
Right on, man. Silver is where it's at. It's far rarer than gold because it is consumed industrially. Per ounce, it went from $19 to $24 in just the last month. ( + 26%) Whereas gold, at the same point in time, went from $1245 to $1375. ( + 11%) Considering the rate it's already going, what happens when the only silver left on earth is in the hands of the commoners who invested into it?
the ingots in 4, 7 and 12… Learn how to cast before making a promotional shot. Those are terrible!
26 is Adriana Sklenarikova
A cigány azért befigyel.
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