-
Welcome to the TSP Talk Forums forums.
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content, join our AutoTracker, and access many other special features. Registration is simple and absolutely free so please, join our community today!
If you have any problems with the registration process or your account login, please contact us. -
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
-
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
-
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!
What happened to the GOLD?
- Thread starter nnuut
- Start date
TiCKed
Member
Guess I don't know what you mean.....
Fort Knox is still filled with gold as far as I know. The silver reserves (where ever they were kept) has pretty much been used up by the U.S. Mint making commemorative coins and silver eagle boullion coins.
If by "real money" you mean the old 90% silver coins, much was melted during the huge silver boom of the early 80's, although some still exists in bags of $1000 face value. They get dragged out when silver spikes up every few years....like now.
And don't forget us collectors! We've all got plenty of silver coins saved for posterity!
Fort Knox is still filled with gold as far as I know. The silver reserves (where ever they were kept) has pretty much been used up by the U.S. Mint making commemorative coins and silver eagle boullion coins.
If by "real money" you mean the old 90% silver coins, much was melted during the huge silver boom of the early 80's, although some still exists in bags of $1000 face value. They get dragged out when silver spikes up every few years....like now.
And don't forget us collectors! We've all got plenty of silver coins saved for posterity!
LA_Guy
Member
Here is my theory:
People from China, India and Saudi Arabia are buying up all the gold bullions because the US Dollars is weak and the US economy is on the decline therefore gold is a better investment.
Here is the proof:
- China and India economy had been booming in the past few years. Those oil rich countries like Arabia, Dubai, Kuwait have a big surplus of money from the oil price increase. So what do you do when you have a lot of money? Buy Gold!! Gold is the universal monetary.
People from China, India and Saudi Arabia are buying up all the gold bullions because the US Dollars is weak and the US economy is on the decline therefore gold is a better investment.
Here is the proof:
- China and India economy had been booming in the past few years. Those oil rich countries like Arabia, Dubai, Kuwait have a big surplus of money from the oil price increase. So what do you do when you have a lot of money? Buy Gold!! Gold is the universal monetary.
TiCKed
Member
nnuut said:Yep, nobody really knows!!!!
Guess I'm still confused by the question.....
Except for the small amount of gold used in industry, I'd say a vast percentage of the gold that existed 50 years ago still exists today. The things that change are the world population, and a real increase in popularity recently. You could have bought it for less than $300 an ouce not more than 5 or so years ago, and it wasn't because it was more plentiful then! Just out of favor. Gold is gold, and will always be gold.
As for Fort Knox:
http://www.usmint.gov/about_the_mint/fun_facts/index.cfm?flash=yes&action=fun_facts13
nnuut
Moderator | TSP Legend
The question was-----------> When Nixon went of of the GOLD/SILVER standard and started the PAPER STANDARD, what happened to the ORO, Gold and Silver. Is it still there? Was it spent? Are we broke? Is our money just paper out not. WHO, ON WHAT WAS OUR MONEY SPENT????????:worried: WE need to know!!!!
tryin' to have a little fun!!!:nuts:
tryin' to have a little fun!!!:nuts:
mayday
Active member
The guarantee on the silver certificate has vanished. So what are we dealing with faith money? How much do you think your paper money is worth? If it takes more paper money to buy gold then the guarantee is gone. So we are dealing with what we believe the value of the dollar is, not gold.
Show-me
Well-known member
nnut,
The former "reserve silver" is still being marketed on places like ebay. It was probably sold to the lowest bider, lobbyist friend, campaign contributer, jackass then melted down and re-coined under a different name.
O by the way your paper money is worthless. Based exclusively on "the good faith and credit" of the U.S.A.............BAHAAAHAAAA!:nuts: We're floating checks on imaginary money...........Can I do that at Walmart without going to jail?:nuts:
See ya! Have a great weekend.
The former "reserve silver" is still being marketed on places like ebay. It was probably sold to the lowest bider, lobbyist friend, campaign contributer, jackass then melted down and re-coined under a different name.
O by the way your paper money is worthless. Based exclusively on "the good faith and credit" of the U.S.A.............BAHAAAHAAAA!:nuts: We're floating checks on imaginary money...........Can I do that at Walmart without going to jail?:nuts:
See ya! Have a great weekend.
FUTURESTRADER
Active member
I think there's more gold bullion in the new york mercantile basement then in ft knox these days. (IAU) was first etf for gold,, (GLD) is another that trades 1/10 the price of spot. I think th companies have to hold at least 1/1o of the actual metal to trade these 'stocks'. Silver etf deal is 90% complete and blamed for recent spike, and, if like gold etf, will continue to create more demand
Wimpy
Member
Re: What happened to the GOLD? Birchtree Has It!
I really didn't want to be the one to 'OUT' him and spoil his coming out party, but I thought it was time to put the drama and noise to rest on the mystery of the missing gold.
Birchtree is a closet 'gold bug'. He has the equivalent of Ft. Knox in his basement and is desperately trying to 'pump and dump' his other common stock holdings so he can purchase the remaining gold and silver jewelry in circulation for melting down and adding to his private basement hoard.
Now that I've 'OUTED' you Birchy...it is time to come clean with your devious little plan to sell your worthless common stock to those you think have just fallen off the cabbage truck.
nnuut said:HMMMMMmmmmmmmmmm? I guess nobody really knows?
I really didn't want to be the one to 'OUT' him and spoil his coming out party, but I thought it was time to put the drama and noise to rest on the mystery of the missing gold.
Birchtree is a closet 'gold bug'. He has the equivalent of Ft. Knox in his basement and is desperately trying to 'pump and dump' his other common stock holdings so he can purchase the remaining gold and silver jewelry in circulation for melting down and adding to his private basement hoard.
Now that I've 'OUTED' you Birchy...it is time to come clean with your devious little plan to sell your worthless common stock to those you think have just fallen off the cabbage truck.
Birchtree
Well-known member
It will be good to commiserate without vituperation
Wimpy,
I do own 15 ounces that I acquired in the late 1970s priced all above $500 per ounce. I bought the U.S. Mint coins called Grant Woods and Louise Armstrongs etc, they are beautiful to look at and probably have some kind of collector value also. Anyway, they are mine and I'm keeping them to give away as gifts to the grandchildren when the times are right.
Going back to 1910 and having analyzed the ratio of the DJIA against the price for gold - if the past is any guide, the relative ratio of the DJIA to gold is likely to continue to decline, suggesting that gold should outperform equities during the next few years. However, returns are likely to be volatile. The long-term target for the relative ratio appears to be 13:1. Based on the current DJIA level of roughly 11,000, that would translate into a long-term gold price target of $850, or the peak set in January 1980. And no they are not for sale.
Wimpy,
I do own 15 ounces that I acquired in the late 1970s priced all above $500 per ounce. I bought the U.S. Mint coins called Grant Woods and Louise Armstrongs etc, they are beautiful to look at and probably have some kind of collector value also. Anyway, they are mine and I'm keeping them to give away as gifts to the grandchildren when the times are right.
Going back to 1910 and having analyzed the ratio of the DJIA against the price for gold - if the past is any guide, the relative ratio of the DJIA to gold is likely to continue to decline, suggesting that gold should outperform equities during the next few years. However, returns are likely to be volatile. The long-term target for the relative ratio appears to be 13:1. Based on the current DJIA level of roughly 11,000, that would translate into a long-term gold price target of $850, or the peak set in January 1980. And no they are not for sale.
Wimpy
Member
Re: It will be good to commiserate in plain english vs ambiguous WSJ 'cut and paste'
However, since you mention the January 1980 gold price peaked at $850 it is also interesting to note the January 1980 DJIA average was also at 850 which is a 1 to 1 ratio versus a 13 to 1 ratio.
Therefore, an 11000 DJIA with a 1 to 1 ratio would translate to a potential gold 'peak' price of $11,000 an ounce.
I personally think the two shall cross swords (1 to 1 ratio) at the 3,000 mark instead of the 11,000 mark. But it makes no difference to me which mark is attained as I will begin trading my gold for your common stocks near the 1 to 1 ratio no matter where it falls numerically on the scale as the 1 to 1 ratio will signify a generational 'low point' for common stocks that I'm anticipating will arrive in the 2010-2012 time frame.
Birchtree said:
However, since you mention the January 1980 gold price peaked at $850 it is also interesting to note the January 1980 DJIA average was also at 850 which is a 1 to 1 ratio versus a 13 to 1 ratio.
Therefore, an 11000 DJIA with a 1 to 1 ratio would translate to a potential gold 'peak' price of $11,000 an ounce.
I personally think the two shall cross swords (1 to 1 ratio) at the 3,000 mark instead of the 11,000 mark. But it makes no difference to me which mark is attained as I will begin trading my gold for your common stocks near the 1 to 1 ratio no matter where it falls numerically on the scale as the 1 to 1 ratio will signify a generational 'low point' for common stocks that I'm anticipating will arrive in the 2010-2012 time frame.
Similar threads
