Pat Robertson is not a finance expert, he is an insane cross idolater not unlike you.
Lehman Brothers will likely open down on Monday. I'm looking forward to a multi-hundred point correction because I didn't buy anything on Thursday
TheATA1- 03-23-2008
What are you going to buy? I don't know if the short squeeze is over in LEH, the FED has pretty much said to these people that they will take this crap onto their books so I think this is positive for LEH, it's bad for the US dollar, good for gold, even though gold is correcting atm it will go higher. Are you investing in gold Jaguar?
kamebazooka- 03-23-2008
even though gold is correcting atm it will go higher.
Do you have a specific prediction? This is almost a meaningless statement because you can always say gold will go higher, and if you wait long enough, you will be correct.
I am curious how a strict christian can be so interested in gold, when gold is a kind of idolatry. if you subtract its industrial, practical use, the rest of its value is essentially idol-worship. even if you yourself do not worship gold, you traffic in it, the same way a drug dealer who does not use drugs sells and trades drugs.
If you wish to trade metals, I would suggest aluminum, which has more practical use than gold, and less idolatrous use. For example, I don't believe anyone bothers to worship aluminum calves.
TheATA1- 03-24-2008
Deu 25:14 Thou shalt not have in thine house divers measures, a great and a small.
Deu 25:15 But thou shalt have a perfect and just weight, a perfect and just measure shalt thou have: that thy days may be lengthened in the land which the LORD thy God giveth thee.
Deu 25:16 For all that do such things, and all that do unrighteously, are an abomination unto the LORD thy God.
Fiat currency is an abomination, it is not a just and fair measure of value, nobody knows the true value of fiat currency, gold on the other hand is fair and measurable. Gold has stood the test of time, thousands of years as a store of value, the US dollar has not and much more evidence of that recently too with the US dollar constantly dropping to new lows nearly every week.
kamebazooka- 03-24-2008
Fiat currency is an abomination, it is not a just and fair measure of value, nobody knows the true value of fiat currency, gold on the other hand is fair and measurable. Gold has stood the test of time, thousands of years as a store of value, the US dollar has not and much more evidence of that recently too with the US dollar constantly dropping to new lows nearly every week.
What do you mean by fiat currency? if you mean currency that is not backed by intrinsic value, then gold qualifies, because the bulk of its value is purely cosmetic. If you want to find gold's true, utilitarian value, it will be much much less.
Your arguments sounded familiar to me -- they are the same as Islamic bankers:
from http://www.wired.com/wired/archive/10.01/egold.html?pg=3&topic=&topic_set=:
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A gaunt, neatly bearded Spaniard, Castiñeira is marketing director of the Islamic Mint, a private institution dedicated to reviving as international currency the coinage described in the Koran - the gold dinar and silver dirham. He has placed on the table before him two small gold coins inscribed with Arabic scripture. The Islamic Mint makes them and they represent, says Castiñeira, the Islamic virtues of fair trade and honest value. Give someone a piece of gold, the argument goes, and you give him a real asset whose worth has endured throughout millennia. "Whereas this," he says, pulling a crisp US hundred-dollar bill out of his wallet, "is just a promise." Put your faith in it, and you submit to a system ultimately controlled by governments and corporations, a system that when it collapses - "all empires fall sooner or later," he says - will take the dollar down with it.
"But if you hold this," he says, picking up one of the gold coins and weighing it thoughtfully in his palm, "you are free."
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You did not answer the question -- why do you traffic in gold when it is a substance of idolatry, and now that I think of it, endorsed by Islam?
It seems to me if you are a strict christian, you would rather go poor and starve than attain wealth through such means.
TheATA1- 03-25-2008
Well he's right, the middle east is a major buyer of gold, Muslims also read the oldtestament where I got the verses from. Gold is not valuable because of it's cosmetic purposes, it is valuable because it is rare, there is only 6 billion ounces of gold in total ever been mined on earth, thats less than one ounce per person, when the fiat paper system inflates away, you will want to own gold, it's extreamly rare and it is the currency nations fall back on after their experiments with fiat currency explodes in their faces.
Let me explain something, in Australia we have a very large credit bubble as well like the USA, there is 40billion in total cash in circulation which has been printed, divide by 20 million which is the population of Australia, if the money was distributed to everyone evenly, there would be $2,250 for each person, the reason everyone can afford a 1/2 million dollar home, afew 50k cars etc etc is because of the credit bubble, when the credit bubble hits the bottom, a persons house may only be worth afew hundred dollars, their new car maybe $50, there will be massive deflation unless the government deliberately cause inflation which will cause hyperinflation. Currently I am in 1/3 cash, 1/3 gold and silver, 1/6 gold stocks and another 1/6th in cash. Either way what happens, I will be well ahead of the rest.
kamebazooka- 03-25-2008
Well he's right, the middle east is a major buyer of gold, Muslims also read the oldtestament where I got the verses from. Gold is not valuable because of it's cosmetic purposes, it is valuable because it is rare, there is only 6 billion ounces of gold in total ever been mined on earth, thats less than one ounce per person,
Nonsense -- rarity only addresses supply. Do you believe gold would be valuable if it were both rare and ugly? It is only because gold is a popular standard of idolatry that it holds value beyond its utilitarian purpose.
Even if gold were plentiful, so long as people were idolatrous, gold would still have an inflated value. Idolaters could simply reduce the supply by using up the gold on idolatrous projects, such as a city made of gold, golden calves for every city, etc...
So I ask again, how can you traffic in idolatry when you claim to be a strict christian?
TheATA1- 03-25-2008
I can argue with you till the cows come home, but I'm not going to. When gold is $5,000 an ounce you will still argue with me. Fact of the matter is it's the best investment to be in currently and it's simple to do, goto a coin shop and buy gold.
kamebazooka- 03-26-2008
I can argue with you till the cows come home, but I'm not going to. When gold is $5,000 an ounce you will still argue with me. Fact of the matter is it's the best investment to be in currently and it's simple to do, goto a coin shop and buy gold.
Are you predicting gold will be 5k an oz? when?
When you are asked to give a specific prediction, you always avoid it.
When you are asked to explain your idol-trafficking, you always sidestep the question.
It seems you are only interested in touting gold, that people should buy gold.
That seems to me to be spam-behavior. Why else would a self-proclaimed strict christian endorse something anti-christian? Does anyone else agree?
TheATA1- 03-26-2008
Listen, I said my prediction is that gold will go up, I am a practical person, simple information for people here. My prediction is gold will go up, thats it, I'm not using magic or anything, I'm using my knowledge and study. I've been touting silver and gold for years, I've explained the reasons for it and you didn't listen.
kamebazooka- 03-26-2008
You don't explain how a CHRISTIAN can endorse IDOLATRY, which is what I have asked repeatedly.
I understand your reasons that such idol traffic can be profitable, and your motivation to profit by it, which you have said plenty of, but that was not my question.
It seems that it is you who refuse to listen -- a blanket prediction of 'gold will go up' is near-useless, as I have said many times. I do not care what method you use to predict: magic, common-sense, research etc...
I will make a similar useless prediction: the price of pizza will go up.
Anonymous- 03-26-2008
Put your religious crap aside please. The bible isn't going to shed any light on this because it's contradictory on just about everything.
Things like gold, silver, jewels are highly valued because of their rareity, and don't tarnish like other things. But simple things that have work put into them or have artistic value can be just as valued as gold. Why do they have value? Its because there was someone who put thought into its function, like a tire for instance. Rubber in its basic state isn't valueable, but if its been processed and made to the right specifications, it's value goes up. Human labor and manufacturing placed into products raises its worth.
Jaguar b. p.- 03-30-2008
And how much gold do you have ATA? The price is about 30 grand for 1 kilo
with the US dollar constantly dropping to new lows nearly every week.
But I have the Swiss franc too. So it's not just the dollar - all major world currencies would have to be destroyed for cash to lose its value.
I also have the euro which is the currency of EU-15
If the USD is the only one that declines, all it means is that I can buy more stuff from America for the other currencies.
U.S. inflation is not abnormal, the rate is the same as in year 1991
What are you going to buy?
I don't know. I was thinking maybe Bristol-Myers Squibb, preferably under 21.
They have an ex-dividend date on April 2, so I would like it in the next two trading days
Also Sony under 41.
I bought some Time Warner on Friday
Listen, I said my prediction is that gold will go up, I am a practical person, simple information for people here. My prediction is gold will go up, thats it, I'm not using magic or anything, I'm using my knowledge and study. I've been touting silver and gold for years, I've explained the reasons for it and you didn't listen.