One Ounce Of Religious Non-Money Tradition = $1700

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Sun, 08/07/2011 - 23:52 | 1535401 Hearst
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Seriously surprised it took 6 hours this evening..

Sun, 08/07/2011 - 23:55 | 1535463 Pegasus Muse
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$1764 -- the next critical number; marks the transition to the exponential phase 


Jim Sinclair interviewed by James Turk

Sun, 08/07/2011 - 23:56 | 1535473 Long-John-Silver
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We may get there this week.

Sun, 08/07/2011 - 23:57 | 1535481 CrankItTo11
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We may get there tomorow.

Mon, 08/08/2011 - 00:03 | 1535517 InvalidID
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WE may get there tonight.

Mon, 08/08/2011 - 00:07 | 1535545 ManOfBliss
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We may already be there and just don't know it yet.

Mon, 08/08/2011 - 00:11 | 1535563 augie
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Congrats, you are the most enlightened ZH'er i've come across. 

Mon, 08/08/2011 - 00:19 | 1535606 HoofHearted
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Somewhere the Bernank is curled in the fetal position, muttering "Damn that Ron Paul."

Who wants to put odds on Ron Paul as president if gold makes it to $2500 by the election?

Mon, 08/08/2011 - 00:29 | 1535664 Bananamerican
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he'll be able to self finance his campaign!

Mon, 08/08/2011 - 00:42 | 1535728 Haywood Jablowme
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Mon, 08/08/2011 - 01:30 | 1535929 darkstar7646
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You're presuming that we make it to an election at this point.

That's a very bad call.

Mon, 08/08/2011 - 01:38 | 1535951 Troll Magnet
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Ron Paul will never be elected President of the United States.  The Establishment will do everything in their power to cast doubt, discredit and smear him.  We will hear about his very loose and questionable ties to (insert your own villain of choice here).  If that doesn't work, they will go Strauss-Kahn on his ass.  And if that doesn't work ... Holy shit!  $1,713 as I type!!!

Mon, 08/08/2011 - 03:50 | 1536148 PY-129-20
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All I want to see is 1776 $. That would be a perfect birthday present.

Mon, 08/08/2011 - 00:13 | 1535573 Galen Slade
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+1 Enlighten-Mint.

Where did the buttons go?

Mon, 08/08/2011 - 00:41 | 1535723 NuckingFuts
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Yea, where did the buttons go?

Mon, 08/08/2011 - 00:49 | 1535765 UGrev
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Inflation.. cost too much to show them. ZH had to downsize.. ;)

Mon, 08/08/2011 - 01:20 | 1535894 IQ 145
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I want a WIN button from President Ford's tenure. It was a big red button you put on your lapel and it meant Whip Inflation Now; it was supposed to work by Zen Psychology or something; I am not making this up! I need one of these buttons; it's time to try voodoo again.

Mon, 08/08/2011 - 09:42 | 1536689 Bicycle Repairman
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I turned my "WIN" button over and it spelled "NIM" = No Immediate Miracles.

Sun, 08/07/2011 - 23:58 | 1535484 legal eagle
legal eagle's picture

Gold margin hike t minus 6 hours?

Mon, 08/08/2011 - 00:21 | 1535614 Long-John-Silver
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So they hike it, let them. If May did not knock you out you're prepared for that now.

It will not have any effect at all.

Mon, 08/08/2011 - 00:48 | 1535762 zorba THE GREEK
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They just hiked it to 11%

Mon, 08/08/2011 - 00:31 | 1535676 scatterbrains
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with a 40% sales tax double back flip for good measure. For real though, freedom will not come to you because you tucked a few gold coins away. Sorry peeps your going to have to shed blood or that of your close family at some point... but keep rubbing your pretty metal coins between your fingers if it helps. Pretend that you wont have to sacrifice one day... I like to equate "thee reset" like a grenade going off in a circle jerk of fools.. yea a few of you will survive and drag your self's away but the rest, gold coins or no, will bleed out and die like the country wince you came.



Mon, 08/08/2011 - 00:39 | 1535713 PhattyBuoy
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I'll bet you don't even have a passport ....

Mon, 08/08/2011 - 00:44 | 1535741 scatterbrains
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Your right, but how did you guess ?

Mon, 08/08/2011 - 04:25 | 1535746 PhattyBuoy
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I stayed in a Holiday Inn Express last night.

Mon, 08/08/2011 - 07:31 | 1536335 Al Gorerhythm
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But how did you guess? Probably from your inability to legibly fill out the application form, as evidenced by your (possessive pronoun) grammatical and spelling errors. For example, "Your right" is used when you should have used the contraction of "you are", which happens to contract to, "You're". See it in there?  Another example:" Your self's" should be "yourselves". The apostrophe is unnecessary as in this case it denotes ownership (i guess, or are you trying to say your self "is"). 

Wince? I think that you meant to use "whence", the old English term that meant, "where". Oh, and don't (abbreviation) forget, sentences start with Capitals.

I agree with your (possessive pronoun) sentiments though. It will take more than wishful thinking to get this ship of fools to alter course.

Mon, 08/08/2011 - 01:31 | 1535930 darkstar7646
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Why does that matter? I, for one, believe I am dead or in prison before the end of the year, unless unexpected events occur.

Mon, 08/08/2011 - 00:56 | 1535796's picture

"Wince you came?" What are you, some kind of idiot?

Mon, 08/08/2011 - 01:57 | 1536005 adeptish
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lol..., I weep for the the future...


Mon, 08/08/2011 - 01:58 | 1536009's picture

I winced and then I wept for the future.

Mon, 08/08/2011 - 05:56 | 1536216 moregoldplease
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I wish you were here, cause when your forecast is fulfilled you wouldn't be.

Mon, 08/08/2011 - 00:07 | 1535546 legal eagle
legal eagle's picture

No offense to Sinclair but he also predicted dollar to b at 72 "and staying there or lower" 4 months ago. Nobody can forsee the future exactly, but we can see it ain't gonna b good

Mon, 08/08/2011 - 01:17 | 1535779 UGrev
UGrev's picture

A LOT more people would have been more accurate if this shit wasn't manipulated like some beaten housewife.. 

Mon, 08/08/2011 - 01:32 | 1535932 darkstar7646
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All the more reason never to be in the HFT "markets".

Sun, 08/07/2011 - 23:47 | 1535403 Gibu The Great
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Tradition, bitchez!

Sun, 08/07/2011 - 23:47 | 1535406 Doyle Hargraves
Doyle Hargraves's picture

Real money Bitchez!!!

Sun, 08/07/2011 - 23:49 | 1535421 VisualCSharp
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Devil's advocate here.

If gold is money, why is it that its value is always measured in fiat currency? Why is it that when its value measured in fiat currency goes up, various posters here on ZH tend to get excited? Many folks say all fiat is worthless; if that's so, there isn't a reason to be excited unless you are acquiring more of the physical by whatever means.

Sun, 08/07/2011 - 23:52 | 1535442 urbanelf
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Because that gold will now pay for more people to mow my fuckin' lawn.

That and I get to say "I told you so".

Mon, 08/08/2011 - 00:03 | 1535516 Midwest Prepper
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Mon, 08/08/2011 - 00:20 | 1535611 HoofHearted
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+1700 per ounce of lawnmowing teenager...

Sun, 08/07/2011 - 23:54 | 1535457 FedNoGoldYes
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Seeing gold go up in fiat gives some indication of wealth-not-lost by theft of the cartel.  It's a small victory that says, "you didn't get as much as you could have if I had trusted you and your fucking paper."

Sun, 08/07/2011 - 23:58 | 1535458 caerus
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it's relative...the better question is how is fiat currency valued in terms of gold

Mon, 08/08/2011 - 01:02 | 1535821 Oh regional Indian
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But that is equally relative and thus meaning-less ne?

We are at the crux of finally re-figuring out the difference between Price and Value!


Mon, 08/08/2011 - 01:29 | 1535927 Bay of Pigs
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No shit. And where is that level? 2K, 5K, 10K?

Price and Value Bitchez...

Mon, 08/08/2011 - 02:05 | 1536024 caerus
caerus's picture

well hell i guess we're caught in an existentialist stand off...what is and what is not? 

Mon, 08/08/2011 - 02:18 | 1536048 Mad Cow
Mad Cow's picture

That's the ticket.

Mon, 08/08/2011 - 02:10 | 1536034 faustian bargain
faustian bargain's picture

The best question is, how is everything valued in terms of gold. That's the one that makes Bernanke twitch.

Sun, 08/07/2011 - 23:54 | 1535461 LookingWithAmazement
LookingWithAmazement's picture

You can choose to measure gold in all other goods, too. Little clumsy. I guess, if you ask a shopkeeper if you could pay him in gold or silver, he will get excited.

Sun, 08/07/2011 - 23:58 | 1535483 VisualCSharp
VisualCSharp's picture

He might get excited, but how many shopkeepers even know the price of gold in dollars? Remember that man-on-the-street that was done awhile back where a guy tried to sell a $50 1 oz gold piece for $50 and no one would take him up on the offer? Most shopkeepers I know only accept US dollars, and nothing larger than a $20.

I'm not trying to be argumentative, but I suspect the real excitement comes from folks imagining "hey, when I convert my gold into US dollars, I can buy more stuff!" Isn't that simply supporting the fiat system?

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