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The Forum > General Discussion > Utah goes for gold and silver currency.

Utah goes for gold and silver currency.

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By a strange quirk of fate, in my intray this morning was an email that was promoting a finance newsletter.

It had this teaser headline:

"What a 2,300-Year-Old Coin Reveals About Gold"

Intriguing, I thought. one under god would like to see this.

And I was right. It went on to say...

"...the oldest gold coin dates back 2300 years to the days of the Greek Empire. Back then, that coin would have been enough to feed a family for a few months. And 23 centuries of turbulent history later, it can still do the same today. Every time I hold that coin, it reminds me why I own precious metals: because they are a better store of value than anything else."

Unfortunately, what this guy is saying, is that the value of that gold coin has not actually changed, at all.

It could feed a family for a few months, back then. It can feed a family for a few months, today (he says). So even in his own eyes, the actual value of that coin has not increased one bit.

He demonstrates clearly that although it has "stored" the value, that value hasn't changed. You'd still have to work x number of hours, or sell y tonnes of wheat, to get your hands on that coin.

But wait.

There's more.

Typically, a Greek coin of that period would weigh less than half an ounce. So, by weight alone, that would be worth, at best, A$700 today.

That would be insufficient, I suggest, even in the most frugal household to "feed a family for three months".

Which is unfortunately exactly the opposite of what he suggested that a 2,300-Year-Old Coin Revealed About Gold.

Am I getting through yet, one under god?
Posted by Pericles, Friday, 22 April 2011 7:09:12 PM
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Yesterday's BBC News featured in their magazine section (http://www.bbc.co.uk/news/magazine-11443564) an article called "Why are we so emotional about money?"

It includes: "Money is emotional. Debt sparks worry. A windfall is exciting. And many people dose up on retail therapy, shopping to feel better.

"Ask people what emotions are most frequently associated with money, and this is the rank-ordered list: anxiety, depression, anger, helplessness, happiness, excitement, envy, resentment," says psychologist Adrian Furnham.

He is co-creator of BBC Lab UK's new Big Money Test (https://www.bbc.co.uk/go/news/int/linkbbc/-/labuk/experiments/money/), which explores links between personality and money behaviour."

I haven't taken the on line test yet, I'm a bit hesitant because the rank ordered list (above) also describes my sex life.
Posted by WmTrevor, Saturday, 23 April 2011 4:25:05 AM
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try naming the actual coin
not generalising about 'greek coins' generally

if your old enough to recall
you may recall your parents buying their home..for = or minus$300 pounds
this was..an average price..
of 300 pounds..[of silver]for an average home

the average home today
is still worth 300 pounds..of silver

so..in silver value..not much has changed
but lets recall the big decimalisation scam
where we took our 300 pound promisory-notes..to the bank
and they gave us 600 fiat/dollar-notes*

if i had the shillings..the 300 pounds represented
i could stil buy a house..with the silver value..in my shillings

if you held the 600 dollars..in notes
you could pay the water bill

you have made my case

lets try the same in copper-coin
12 pennies to the shilling..[@ 9.45 grams each]
times 24 shillings..to the pound
times 300 pounds..= a heck of a lot of copper value

much more than the 600 in notes you got under your bed

why is it so?
thing is inflation...chews up face-value*

it deflates worth..[inflation is the thief you got..
when the thieves rule the roost]stealing even the paper values of the notes under the bed

its rather clever really
[and dont be saying real/value's..
prices of real/goods
dont go up every year
because the notes to buy them...deflate in comparitive value

the notes we hold
stay the same numeric values
fixed only in the face-value of the coin

but the metal/value in the coin..goes up with market forces

then there is collectable-values
this is where your greek coin scam falls apart

but heck you keep going
in your trusting in paper
and lol trusting in banks

[ha in the news last/night]
termites ate the paper-securities...lol

that dont happen to..*shillings..
and...*copper/nickle coins
Posted by one under god, Saturday, 23 April 2011 7:42:07 AM
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its interesting looking at printing numbers for 'pennies'
pre 1960 the mintage was between 10 million and 15 million[times 9.45 grams]

then in 1959,there was a printing of only 1.7 million
fast followed by a printing of 10 million

in 1960 the minting was inceased to over 20 million
61/just under 32 mil
62/38 mil
63/34 mil
then 64 55.5 mil..plus another minting of 54.5 mil

clearly the writing was on the wall
the cost of over 100 milion copper pennies
reveals the weight/value of the copper fast outstripped face value
[this wasnt noted in the silver mintings]

but as hisdtry reveals
the weight of copper was reduced from penny weight 9.45 grams
to cent weights..2.59 grams...

its interesting to note the mintings of the new cent coin
146 million..plus 238m..plus 26 mil..[just for 66]
minting in 67/110 million[68 saw a return to previous numbers19 mil]
then to the huge numbers from 69 onward

69/87 mil
70/72 mil
71/102 mil..etc etc

anyhow as histry records
we lostour one and two cent pieces
interestingly enough just as the numbers minted were falling
followingh a masive minting in 82..[156 million]
likely to boost up the caee for stealing our copper coin

ie read the numbers
81/40 mil
82/156 mil
83/20 mil
84/57 mil
85/34.5 mil
86/none
87/none
88/30 mil
89...numbers not released

anyhow justice must see us getting a one cent 'value'
that equals 9.45 grams of copper..

or as a minumum 2.59 grams

[adding a zero..is more than fair]
especially if comparing the values
of sterling silver values
compared to nickle values...

WHO STOLE OUR SILVER and copper
next they steal your nickle

how can you defend such criminality?
Posted by one under god, Saturday, 23 April 2011 11:26:47 AM
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a 'sound money act for utah[haha]
http://dailybail.com/home/introducing-the-utah-sound-money-act-an-idea-whose-time-has.html

also includes a histry of Zimbabwe
the latest of a long string of failed fiat currencies.
http://www.mint.com/blog/finance-core/hyperinflation-the-story-of-9-failed-currencies/

A currency need not undergo hyperinflation,
however, to be rendered worthless.

Since its inception in 1913, the Federal Reserve Note (“U.S. Dollar”) has lost 96% of its value
http://www.aier.org/research/briefs/1826-the-long-goodbye-the-declining-purchasing-power-of-the-dollar

through a steady (and sinisterly mis-reported) inflation.
http://mises.org/freemarket_detail.aspx?control=368
*
25% Of Scotia Mocatta's Silver Transferred From "Registered" To "Eligible" Status: A 45% Reduction In "Physical"

http://www.zerohedge.com/article/45-scotia-mocattas-registered-silver-transferred-eligible-status
registered silver is actual physical Comex silver.
Eligible on the other hand is sometimes called "someone else's silver" as it does not go through assays on exit/selling events.

In other words, this is silver
that can not be used to make delivery under a futures contract.

same with gold
http://www.cmegroup.com/trading/energy/files/Gold_Stocks.xls

as for paper [lol]
termites eat rupees in bank*
http://www.msnbc.msn.com/id/42715428/ns/world_news-south_and_central_asia/

White House Website Lying About Your Taxes
http://warisacrime.org/content/white-house-website-lying-about-your-taxes

The White House website claims to calculate both veterans' expenses and foreign affairs separately

and still put "defense" alone at 26.3%.

However, take a look now at the pie chart created by the War Resisters League, which shows 51% of the budget going to the military.

21% and 26.3% and 51% aren't even close to each other.
This is not "good enough for government work."

http://www.washingtonpost.com/business/economy/the-dollar-less-almighty-big-investors-see-possible-long-term-currency-weakness/2011/04/19/AFxVaKLE_story.html?hpid=z1

http://www.activistpost.com/2011/04/save-usa-by-restoring-government-to-its.html
dont say they cant get proof
http://www.networkworld.com/community/blog/state-police-can-suck-data-out-cell-phones-un
Posted by one under god, Sunday, 24 April 2011 1:09:51 PM
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its all unraveling rather fast
good thing we got a right royal destraction

anyhow this is part two
then soon..hyper inflation
part one is here
http://forum.onlineopinion.com.au/thread.asp?discussion=4433&page=0

just trying to join some dots
havnt refrshed the page..[2 what really happend]..yet
keiser report wouldnt play youtube

so didnt get to catch up there either
its fan splattering time soon

[more..in no particular order]
gold/silver prices are rising
http://www.activistpost.com/2011/04/52-to-56-silver-by-mid-year-update.html
we know what that means
http://www.bloomberg.com/news/2011-04-27/gold-climbs-nearing-record-on-investor-concern-currencies-to-extend-drop.html

more signs
http://www.youtube.com/watch?v=C11cXXwUd1A
[its cause is quantative easing..too easy fiat paper[credit]
http://revolutionarypolitics.tv/video/viewVideo.php?video_id=14732

[easy money looking for a value..a return]
http://www.youtube.com/watch?v=JrKfP34xi1E

others just hanging on to a "resource"
http://uk.finance.yahoo.com/news/Russia-bans-petrol-exports-afp-3212564672.html
saving themselves first
http://netrightdaily.com/2011/04/iceland-declares-independence-from-international-banks/
"Austerity" = "Making the poor pay for the crimes of the rich" = "Class warfare."

failing resouces
Chrysler To Repay Bailout[loans]
With Bank Loans, paid for with its own paper/Bonds

Chrysler says it will take out bank loans
and sell debt..later this quarter to repay $6.6 billion in bailout loans from the U.S. and Canadian governments...

people still wont buy cars
[they got no jobs]
http://www.reuters.com/article/2011/04/27/us-nokia-idUSTRE73Q1XH20110427
Rearranging deck chairs on the Titanic?

even student debt semed safe...lol
http://weeklyintercept.blogspot.com/2011/04/student-loan-debt-hell-21-statistics.html

fenma camps will open soon
[see the back pages]
read the tea leaves
http://weeklyintercept.blogspot.com/2011/04/petraeus-to-cia-completes-cheneys-dream.html

lets talk about drug money[cia]

learn to laugh
http://lonestarwatchdog.blogspot.com/2011/04/parody-on-obama-budgeting-by-ray.html

liars/frauds
http://www.nysun.com/editorials/the-dog-that-didnt-bark/87324/

lets not see the sax marburg..[hrh]..link
recall gold-man sax[see previous links]

all that lost info
got your head[info in a cloud?
http://www.businessinsider.com/amazon-lost-data-2011-4

they planned their excuses well
[and that wasa this mornings news
by tonight who knows]
Posted by one under god, Friday, 29 April 2011 3:28:28 PM
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