Study: $21 trillion hoard hidden from taxman by global elite

and it is very shiny and looks pretty.

Gold doesn't follow regular laws of supply and demand.

The practical value of gold is in its ability to conduct electricity.

Like smetty said - it's shiny, and the greatest use of it is in jewelry. People who invest in gold are idiots - because once the apocalypse comes, who the hell is going to trace all the ownership down. It's not like Joe Blow in bumblefuck, nowhere is going to be able to call anyone up and whine "Oh I had 300,000 dollars invested in gold". a) there's probably no record, b) dollars don't mean anything, and c) he who has the gold has the ability to say "fuck you." (as long as he has enough might to keep people away).

  On 8/2/2012 at 3:42 AM, chenGOD said:

People who invest in gold are idiots - because once the apocalypse comes...

LOL

Never knew investments are preparations for the apocalypse. That explains why there's so much money in the gun-industry. You should at least have some guns once the apocalypse comes. Shooting zombies would be about all you'll be doing. Shouldn't silver have more value, btw? You could actually kill some vampires with silver bullets. Can't say that about gold.

people who invest in gold tend to hold the position for a long time - and also because they believe once the "NWO" or whatever falls apart, places are going to return to the gold standard. Of course - if the global financial system falls apart, who the fuck is going to recognize ownership....like I already said...

Don't take apocalypse literally.

I'm not sure how serious you actually are, but in general "people" invest (it's mostly funds/companies which invest, but whatever) in things because they think its value is either stable (free of risk) or will grow over a certain amount of time with a certain % with respect to other possible investments. There aren't many investors investing with a gold standard on their minds. Or 2012. Gold standards are ruins from old Western movies for those people. And 2012 is for fruitcakes who probably wouldn't invest anyways.

So if these people/companies tend to hold their investments in gold, the volatility of the rest of the market would be the most important reason. The second, their expectations of what the rest of the investors are going to do. Gold standard? Really?

Please tell me this is not a serious discussion.

  On 7/23/2012 at 7:17 PM, vamos scorcho said:

make the choice to smile, hug, and look upward. this truly is the culmination of nihilism

Indeed.

Having gold is useful because you could always buy thing (everywhere in the world) with it in case monetary apocalypse comes.

  On 8/2/2012 at 2:10 PM, johnoise said:

Having gold is useful because you could always buy thing (everywhere in the world) with it in case monetary apocalypse comes.

But it assumes people would put any value in it in the first place. I think things like labor, food and usable items would be far more valuable than a shiny metal that has very little practical use.

but its shiny

  On 8/2/2012 at 2:23 PM, azatoth said:

  On 8/2/2012 at 2:10 PM, johnoise said:

Having gold is useful because you could always buy thing (everywhere in the world) with it in case monetary apocalypse comes.

 

But it assumes people would put any value in it in the first place. I think things like labor, food and usable items would be far more valuable than a shiny metal that has very little practical use.

It also assumes people won't just kill you when you present them with a block of gold for a goat or pair of shoes or whatever you're trying to eat.

  On 8/2/2012 at 9:33 AM, goDel said:

I'm not sure how serious you actually are, but in general "people" invest (it's mostly funds/companies which invest, but whatever) in things because they think its value is either stable (free of risk) or will grow over a certain amount of time with a certain % with respect to other possible investments. There aren't many investors investing with a gold standard on their minds. Or 2012. Gold standards are ruins from old Western movies for those people. And 2012 is for fruitcakes who probably wouldn't invest anyways.

 

So if these people/companies tend to hold their investments in gold, the volatility of the rest of the market would be the most important reason. The second, their expectations of what the rest of the investors are going to do. Gold standard? Really?

 

Please tell me this is not a serious discussion.

In normal terms I agree with you 100% - but people who hold gold positions hold them for long periods of time, and many of them do so with the idea of a gold standard in mind. Obviously this does not apply to everyone, but gold brings out the crazy in people. Many investment brokers suggest having a certain minimum percentage of investments in gold and holding that position. The reason is because they think gold has intrinsic value - and they will be able to cash in on that value once the fiat money system we are currently living with collapses.

Look at the reasons listed here, here, and here.

Thanks for the investment 101 by the way, I never knew that the idea in investing was to try and grow your investment. Stable meant free of risk. huh. The things you learn everyday.

Yeah yeah. Sorry for the 101. The whole discussion sounds so alien when taken serious, I didn't know what to make of it. So I was taking the piss about the apocalypse and next thing I know I was taking things too literally. What!? I'm confused.

You guys keep on talking about shiny stuff and all. Whatever floats your boat.

I kept skipping over this topic until I saw it was 21 trillion not billion.

Holy shit.

It's sad, but most people have no idea how many millions are in a trillion. Or that whatever XXX-million dollar settlement Bank of America weaseled for [insert-latest-misdeed-here] is just drops in a bucket.

If this is one million:

then this is one trillion (click for full size):

hah!

when the economy starts to go south, gold goes up. if you smell a recession its a good idea to buy gold. but yeah, it would be useless during the Apocalypse

One trillion can pay for all the goods and services produced in my country for one year (population over 22.5millon)

I wonder if there are any secret Trillionaires.

im a trillionare but dont tell anyone

http://youtu.be/p7pPSVXKOkk

Seeing the current discussion in congress on Apples way of dealing with profits, taxes and loopholes, I thought it might be interesting to post this, dare I say, excellent documantary on tax free havens and off shore capitals.

Also, as a side note: on a forum filled with apple zealots who I have come to believe, are pretty republican - in the bad sense of the word - I 've come into a discussion on why the government is actually right in asking apple for an explanation of their practices. (Example in 6th minute of docu) it's pretty sickening how they are completely unable to see why apples policies ( or any multinational for that matter) are indensible. Most of these zealots actually work for apple as well, i believe. Which makes it so much fun. Most of them even deny to view the docu, of course.

Don't mind that though. Its the docu that counts.

Yeah but does all that money really make them happy though?

Oh, apparently it does. Complete and utter bastards!!!

  On 5/22/2013 at 4:28 AM, goDel said:

Seeing the current discussion in congress on Apples way of dealing with profits, taxes and loopholes, I thought it might be interesting to post this, dare I say, excellent documantary on tax free havens and off shore capitals.

 

 

Also, as a side note: on a forum filled with apple zealots who I have come to believe, are pretty republican - in the bad sense of the word - I 've come into a discussion on why the government is actually right in asking apple for an explanation of their practices. (Example in 6th minute of docu) it's pretty sickening how they are completely unable to see why apples policies ( or any multinational for that matter) are indensible. Most of these zealots actually work for apple as well, i believe. Which makes it so much fun. Most of them even deny to view the docu, of course.

 

Don't mind that though. Its the docu that counts.

This is a truly excellent documentary. Can't help feeling insignificant after watching it.

I don't understand how people can get mad about this but not be more broadly anti-capitalist.

Sent from my Galaxy Nexus using Tapatalk 2

Simply because I see a difference between what capitalism is and what's happening in this docu. What's happening in this docu is corrupt and immoral. Capitalism is, by definition, amoral (whether you agree with the concept or not). You could cut out all the corrupt and immoral things happening in today's society, and still be left with capitalism (people privately and legally owning capital). You might have some arguments against capitalism which are valid. But that is, imo, beyond the scope of these corruptions. Or in other words, what is happening within this docu is not inherent to the basic idea of capitalism.

IMO, anti-capitalism is just a label put on a box containing all the bad stuff in today's society. And that label confuses the discussion of what the actual problems are, imo. So, instead of getting a step closer to solving these issues, it effectively takes the solution(s) another step out of reach.

I know you don't agree with me, but you asked and I just answered.