At $50 Barrel there is ... amount available.

At $70...

At $100...

At $125...

At $150...

yes i know that but you said you got more than Canada and the Arab's what now it's going to cost more than what we have been paying $90+ per barrel and you still haven't told me why after you got rid off the Lib/dem president it's still in the ground . Why did you not start to extract it in the 80's or 90's like during the recession off the 80's . Surely Reagan would have started to extract it to pay off your debts back then , than let your country and the rest of the world go into a recession . Wasn't bush his running mate and isn't he heavily involved with oil but you still wish me to believe even he would not touch the oil . ............

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If the oil is really there on U.S. property, I guess it will be extracted somehow if truly necessary.

Oil seems more valuable than gold. Why is gold still an investment commodity?

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The mind is a weird and mysterious place

If the oil is really there on U.S. property, I guess it will be extracted somehow if truly necessary.

Oil seems more valuable than gold. Why is gold still an investment commodity?

It's permanent.

Place it under the ground, or at the bottom of the sea for 5000 years, and it doesn't rust away. Still BEAUTIFUL.

Guess it is in our DNA.

It really make a lot of sense to me that we expend vast resources digging the gold from the earth, more resources refining it then we put in vaults under ground. Huh?

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Why is gold still an investment commodity?

Old habits die hard. It also declines in value with time. Perhaps its value is in part because it can be smuggled and change hands in cash transactions that escape the tax man.

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Why is gold still an investment commodity?

Old habits die hard. It also declines in value with time. Perhaps its value is in part because it can be smuggled and change hands in cash transactions that escape the tax man.

If/when paper money collapses:

Guess we will be using Gold and Silver again, for currency.

Likely not, there isn't enough of it to keep the velocity of money supported.

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Gold used to be a exclusive investment commodity .However now you have electronic's as well as jewelry and a benchmark basis for a currency

Oil prices are driven buy supply and demand , To much supply prices go down which is what is happening now.

EDIT : Plus it's a rear element on the surface of the planet

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What! someone rob Fought Knock or something !!!!

Sounds like Armagetting your talking about.....

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Just think all the users that say Pump that Co2 out are going to get there wish if it stays low for a extended period of time

and in stead of it going up , the Co2 at 2.5 ppm it will go up quicker and what your saying will happen when we can't grow crops or livestock because nothing will grow in the heat or the floods

Now if only i can win lotto and buy that Bugatti Veyron now petrol is so cheap .

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Come on global warming!

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Why is gold still an investment commodity?

Old habits die hard. It also declines in value with time. Perhaps its value is in part because it can be smuggled and change hands in cash transactions that escape the tax man.

If/when paper money collapses:

Guess we will be using Gold and Silver again, for currency.

The thing is many folks Hold a paper saying they own gold or silver. But they dont have the gold or silver in their posession. So what good is that paper saying they own gold or silver, When the internet goes down In a time of crisis? You might as well wipe your keyster with it. Be worth more that way.
If you know anything about EMP, You know it could happen.
In a barter system after a crisis, A roll of real toilet paper would get you more than that piece of paper saying you own $1,000,000 in gold somewhere in a vault yuo cant get to.

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[/quote]

Old James

The following thoughts came to mind and should be considered some important factors.

Investment is sometimes based on expectations.

You end up doing such things even though you well know it does not always return everything you wanted back in return.

You may not always be willing to invest in something, even though such a thing happens at times when the revenue from it does not meet the expenses.

Investment makes the market more active and it creates jobs. One always has to weigh advantages against disadavantages when carrying out such a thing.

The price of oil is based on both consumption as well as its availability.

Oil is meant for consumption and its refined product petrol is driving cars and other vehicles around.

Consumption of oil products also leads to pollution and the resulting illnesses like short breath and allergies that comes along with it. Also such products becomes an alternative when its comes to heating, either by means of electricity or direct burning or combustion. At times such combustion makes you feel good when you are able to feel the direct heat from it.

In wintertime the city streets may become very polluted as well and inhaling the cold air while outside becomes a pain.

Are you supposed to be making oil more valuable than for example diamonds?

Diamonds can be worn by means of a necklace and if you happen to be a woman wearing such a necklace, the chance may be that you are looking good.

Oil resources are not supposed to be lasting for very long.

Diamonds are supposed to be lasting forever.

In a barter system after a crisis, A roll of real toilet paper would get you more than that piece of paper saying you own $1,000,000 in gold somewhere in a vault yuo cant get to.

Well James if you got some spear room in a garage stock up on toilet paper . Gold is a bench mark for a currency .

In order For the Dollar to lose favour something will have to take it's place , This is not as easy as it sounds and has a lot to do with trust .

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Say Glenn, you never told me how you wanted that Canadian loan.
Would that be money order, or check?

Happy Christmas all of you.



Edit:
Happy Christmas Gooba!

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In order For the Dollar to lose favour something will have to take it's place , This is not as easy as it sounds and has a lot to do with trust .

I guess we'll never know if Fort Knox really has any gold.

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The mind is a weird and mysterious place

Cashiers Bank check Celtooth thanks . Merrry chrismas

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In order For the Dollar to lose favour something will have to take it's place , This is not as easy as it sounds and has a lot to do with trust .

I guess we'll never know if Fort Knox really has any gold.

Same as the National Bank here... We just know there isn't enough gold to cover the cash flow.

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rOZZ
Music
Pictures

In order For the Dollar to lose favour something will have to take it's place , This is not as easy as it sounds and has a lot to do with trust .

I guess we'll never know if Fort Knox really has any gold.

Same as the National Bank here... We just know there isn't enough gold to cover the cash flow.

International Monetary Policy has nothing to do with Gold Possession.

It is a result of the Bretton Woods System

http://en.wikipedia.org/wiki/Bretton_Woods_system

Essentially - Everyone's Agreement what each Industrial Country's Currency is worth.

The Gold Standard has turned into the 'Paper Standard' (papieren standaard) as we call it here. http://nl.wikipedia.org/wiki/Gouden_standaard_%28economie%29 More paper money has been spent than the National bank has worth of gold.

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rOZZ
Music
Pictures

Good money/gold links. :~)

Gas is getting so cheap right now, I might splurge and fill up with Premium. Not sure how much my car would really appreciate it, though.

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The mind is a weird and mysterious place

Good money/gold links. :~)

Gas is getting so cheap right now, I might splurge and fill up with Premium. Not sure how much my car would really appreciate it, though.

In the past - yes.

Today - no.

DON'T!

Why Clyde ! no lead in the petrol now so not worth it you reckon ?

Mite stuff his engine now........??

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oh ok i haven't owned a car for a long time now so not shore what you put in them anymore and probably why when i have had the use of a car and filled it it sort of ran a bit worse after i filled it ops.... my be better ask someone else for the use of there car before the one i have used stuff's up and the owner ask's "what have you done "

nothing only put petrol in ....."yes what type "
umm can't remember now hehehehe as i run away quickly

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