Buy Appy a Gram

Discussion in 'Jewlag' started by Macrobius, Aug 27, 2011.

  1. Macrobius The Old Usager

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    Apollonian and I had a long discussion about the merits of gold vs. the dollar and the gold standard vs. fiat currencies.

    (read to the end of this thread: http://beer.weremight.com/forums/showthread.php?7687-European-neo-Nazi-websites-find-home-in-US)

    Here, on this thread, the rubber hits the road. Appy gets one gram of gold -- 58.75 USD, and we track what Appy can buy. On this thread, post what you think Appy will buy with that amount of money (the current value of a market basket -- use real prices in your area from the day you post!). We'll monitor how both a gram of gold, the US dollar, and what you can buy with them fare -- not to mention how well Appy does with the gram of gold -- over the months and years, right here on this thread, We'll see if Appy can buy more for his gram of gold (hyperinflation), or less (disinflation).

    Honest elections and Death to the Fed! (Well, we agree on that anyway.)
  2. apollonian Forum Veteran

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    Perhaps u're missing the pt. Gold will stay stable for what it can buy--except for fiat currencies. Gold only rises in price according to fiat currencies because the fiat currencies are inflated--SO it takes more of them to equal same quantity of gold.

    But same gold will buy whatever commodities, even though the price of fiat currency per that commodity goes up.
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  3. Macrobius The Old Usager

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    One gram of gold is 58 bucks today. You can buy a basket of market goods (say some six packs, some loaves of bread, and a few bags of fritos). Your claim is that if you have that gram of gold, in a month you will be able to trade it for *more* six packs, more loaves of bread, and more fritos.

    One month from now, we'll all know the dollar price of a six pack, and the dollar price of gold. Therefore: we'll know how many six packs per gram of gold you can buy. Also, how many loaves of bread, or anything else in your preferred market basket.

    If you had 58 bucks, what would buy right now? You seem very worried about inflation. Better stock up now.
  4. Hawthorne Abendsen Number One Epic Sloth

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    Maybe he will buy a clue.
  5. Mr. Prac ϟϟ ✞ 卐

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    Gold is as, if not moreso, easily counterfeited as fiat currency is.
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  6. apollonian Forum Veteran

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    This above quote of urs is TOTALLY FALSE--and it shows just how out-of-it u are. Gold is stable currency, so therefore it will buy, generally speaking, everything remaining equal, SAME quantity of beer, bread, fritos, etc. Only thing gold will buy more of is the inflated fiat currencies. Get a clue.
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  7. Macrobius The Old Usager

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    Um, if you can't buy beer with gold, why would you *want* any?

    And if gold bought *less* beer, less bread, and fewer fritos, in a month, would you admit it isn't stable? If it buys more, will you admit there is a speculative bubble in gold?

    For the record, I just went to the convenience store and came back with:

    So in a month my 1/2 ounce of gold will buy me the *same things* right? Or at least not less? And you say not more?

    How about you?
  8. apollonian Forum Veteran

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    In ur case, buffoon, u wouldn't know what a clue was, so it would do u no good, would it?
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  9. Hawthorne Abendsen Number One Epic Sloth

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    Strong words from the dispossessed.
  10. Mr. Prac ϟϟ ✞ 卐

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    See now, Mac? It's pointless trying to debate with this moron. Just laff and call him names like everyone else does.
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  11. apollonian Forum Veteran

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    Interesting when I hit the "reply with quote" ur quote comes up w more text than is showing in original. But anyway, the quandary seems to be all ur own. Ur question(s) don't really make any sense. Gold is necessarily stable by definition--UNLESS all of a sudden there was incredible find in some mine, for example. Gold would only buy less beer, bread, etc., if (a) there was lots more gold or (b) there was lots less beer, bread. When u argue against gold as best money, u're arguing against economics and history, not to mention common sense.
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  12. Mr. Prac ϟϟ ✞ 卐

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    Diamonds are historically far more stable than gold, if you want to play that game.
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  13. Hawthorne Abendsen Number One Epic Sloth

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    Fake goldbug, fake everything.
  14. Mr. Prac ϟϟ ✞ 卐

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    Exactly.
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  15. apollonian Forum Veteran

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    Says the buffoon; hawthorne's disease is sure not a fake buffoon--he's real buffoon, for sure.
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  16. Hawthorne Abendsen Number One Epic Sloth

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    Appy- how much gold do you have? How much of your portfolio is in precious metals? I'm guessing none.
  17. apollonian Forum Veteran

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    Observe the buffoon lays down a premise (or attempts to), but fails for his pretended conclusion--typical moron.
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  18. Macrobius The Old Usager

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    If you wait 5 minutes I'm usually done editing a post and have moved on.

    I agree with you about the conservation of mass as it relates to gold nuclei. What I don't understand is why you think that observation will get you more beer, or even the same amount, in a month. But I'm a fair man, and willing to put it to the test.

    My guess is that if you had a gram of gold today, since the price is going parabolic and crash in price is immanent, that in fact gold, a month from now, will buy a smaller basket of *anything* in *any* marketplace. Most certainly dollars and PBR. I'm a bettin' man and a 58 buck bet would not be a hardship for me.

    But I'm willing to be patient and see which of the two of us is right. You say I will be able to get *just as much* PBR for 1 gram of gold (10.7 sixpacks of 1 pint cans, purchased at the nearest Safeway), because of the laws of physics, economics, and the conservation of the mass of gold. I say it's a bubble, and holding dollars will buy me more beer.

    If you are wrong, I'm sporting enough to buy you the difference, should we ever have a chance to meet. And if I win, I'm sporting enough to equal whatever you would buy me, old chum. Hailsa!
  19. apollonian Forum Veteran

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    U continue to utterly miss the pt. regarding gold: regarding other commodities gold won't necessarily buy more or less--given the same quantities, the prices should remain the same. But regarding an inflated dollar currency, for example, gold necessarily will buy more dollars, and it doesn't mean gold is going up in value (esp. in terms of commodities, like beer, bread, etc.); it only means dollars are depreciating--due to the artificially larger quantity. I don't see why these simple facts are sooooo difficult. A.
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