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Who knew the gold craze would turn out to be true…damnitall (27 photos)

October 13, 2010 | In: Awesome, Nature

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workin_donkey

Why you gotta bust Fatty McGee in the last spot? Why, Chive?

Chuck

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!

JOE

#26 is amazing! Does anybody knows who she is?
vince

This one went downhill in a hurry…. without 25, 26, it would have been a total waste
equalizermax

Middle East people get's all the luxury and fun…

Beau_INAF

Yeah, well, if you saw the living conditions of their women, you would change your mind; unless you're a douche.

Lester

you must have some sand in your vagina!!!!
Dreamy

I'd also hide my wife if she had a moustache.

avoidz

camel jockeys

GLC

My guess is they only place a thin layer on top

http://www.facebook.com/greguire Gregory Nelson Courtney

yeah it's just gold fleck paint, gold is extremely malleable and doesn't form solid sheets that hold their form too well.

http://www.facebook.com/beau87 Beau Young

That's what she said. Wait… I don't get it.

Hez26

i love gooooooold

tommybhoy

How about, NO!…you freaky dutch bastard
turdfergusson

Bong and a Blintz?

Polemiki

ohhh shiny
http://www.facebook.com/JustinVincentHall Justin Hall

I would prefer that to having no money and too much class.
CSI

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!

turdfergusson

There is something obnoxious about a silly little rich socialite painted up in gold.
Duke

Decapitated? Since there's nothing inside, that's a waste of effort..

edocol

#18. Who the heck gave you permission to take a picture of my storage unit?
stafferty

(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.

yeah

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.

stafferty

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%)

fibonacci5150

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

http://www.facebook.com/beau87 Beau Young

*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*

its_forge

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.

muscarius

Gold is tacky. Period.
Broadbem

Really Chive… #27..
VLADMEER

WHO IS #26 SHE DESERVES HER OWN POST

P Diddily

Looks like Sophie Monk
Anonymoose

I already said who it was above. Anna Falchi
Coldzilla

Ummmmmmm I think she GOT her own post didnt she?
Nightwalker

Anna Falchi Max

Coldzilla

Couple of Goldfinger possibilities in there
http://www.facebook.com/profile.php?id=545403343 Ryan White

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.

http://www.facebook.com/profile.php?id=545403343 Ryan White

**not necessarily available to mine
Nerf Herder

Silver is the best conductor. Not hatin', just sayin'. Get your facts straight if you want to sound smart.

jason_in_pc

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.

Nobody

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?
Vice

the ingots in 4, 7 and 12… Learn how to cast before making a promotional shot. Those are terrible!
Overdose

26 is Adriana Sklenarikova
king4aday

A cigány azért befigyel.

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