Average consumer now carries $6,329 in credit card debt. 'People are stretched,' expert says

[HARK!]

You sound like a salesman.

I have been; but never a good one.

I'm better with History.

“We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people.” -- Daniel Webster, speech in the Senate, 1833

 

[Tuur]

LOL. It's just a shiny metal with some uses. It's not majik.

The cap on top of the Washington Monument is made of aluminum, and was on display for a time at (hazy memory ahead) Tiffany's. At the time aluminum was a precious metal. Napoleon had aluminum ware dining utensils for the same reason. But then came the electrolytic method of processing ore and the value of aluminum plummeted.

Here, in 2025, there's a start-up company that thinks it can transmute gold from mercury at a profit. The idea is to put mercury 198 into fusion reactor and transmute it to mercury 197, which decays into gold 197. We will see. If successful, it's bound to have an impact on gold prices. Not as much as the electrolytic method did for aluminum,, but possibly significant.

Or people could just decide they don't like gold anymore. Like you said, it's just a shiny metal. It just happens to be a shiny metal people want.

 

[HARK!]

That said, I stopped paying attention when, out of curiosity, I checked into what they locals were paying, and it was much less than the price of gold at the time, based on 10 carat gold having a content of 10/24 = 5/12 = 41.67% gold, or 5/12 of a troy ounce gold per troy ounce gold alloy, or current price x 5/12. Best I can recall, someone was making a tidy profit. Basically, if you sold them jewelry, you were selling the metal at a discount.

I'm not desperate; and I won't hesitate to walk away from a bad deal. There are plenty of dealers out there who don't gouge. If somebody low balls me; I will literally laugh at them and walk away. Sometimes they chase me trying to make a deal. I won't deal with people who don't act in honor. You get only one chance to try to get over on me. It's the same for any price negotiation, no matter what it is that I'm buying or selling.

 

[HARK!]

Or people could just decide they don't like gold anymore. Like you said, it's just a shiny metal. It just happens to be a shiny metal people want.

I guess that's possible. After thousands of years of gold being the primary monetary metal; maybe the bankers will sell off their tier 1 assets at fire sale rates.

However, right now, the central banks of the world continue to quietly hoard it.

 

[HARK!]

Here, in 2025, there's a start-up company that thinks it can transmute gold from mercury at a profit.

..proving that when it comes to gold, alchemy never goes out of style.

If they are successful; the leaders of the banking cartels will be sick, I say, just sick. Maybe they should hire someone to start working on some genetically modified, blood letting, leeches for their healing....or would that be cannibalism?

No but seriously, there is a tremendous amount of gold that can be extracted from sea water; but the energy required is cost prohibitive.

One reason that gold has value is the amount of energy that it takes to acquire it. In a sense, gold represents a store of work.

 

[bèlla]

I have been; but never a good one.

I'm better with History.

“We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people.” -- Daniel Webster, speech in the Senate, 1833

I’m not a historian per se but I’m a seer in the truest sense. I draw from the word and the past when I’m examining things and always had a penchant for times and seasons. If I was a man people would appreciate it. But I’m a woman and it makes them uncomfortable. Especially where money’s concerned. But that’s my gift.

Bloom where your planted and ignore the rest. You’ll be alright.

~bella

 

[Tuur]

I guess that's possible. After thousands of years of gold being the primary monetary metal; maybe the bankers will sell off their tier 1 assets at fire sale rates.

What's the exchange rate for wampum these days?

 

[Hans Blaster]

The cap on top of the Washington Monument is made of aluminum, and was on display for a time at (hazy memory ahead) Tiffany's. At the time aluminum was a precious metal. Napoleon had aluminum ware dining utensils for the same reason. But then came the electrolytic method of processing ore and the value of aluminum plummeted.

I read about it as a kid.

Here, in 2025, there's a start-up company that thinks it can transmute gold from mercury at a profit. The idea is to put mercury 198 into fusion reactor and transmute it to mercury 197, which decays into gold 197. We will see. If successful, it's bound to have an impact on gold prices. Not as much as the electrolytic method did for aluminum,, but possibly significant.

LOL. Is it possible to short this company, or at least anyone who invests in them.

Or people could just decide they don't like gold anymore. Like you said, it's just a shiny metal. It just happens to be a shiny metal people want.

Yep.