n8rwJeTt8TrrLKPa55eU (OP)
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April 06, 2013, 08:57:55 PM |
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Couple of interesting videos on Bloomberg during the last couple of days: On the Italy/Switzerland border: http://www.bloomberg.com/video/on-the-scene-one-ton-of-gold-seized-in-small-car-GcljxRqRSHOURYhlYMcHOw.htmlAnd as a bonus, for USA peeps: http://www.bloomberg.com/video/the-day-the-government-took-our-gold-d_oPD_2KTayTnSpqco6kDw.htmlMemo to Pento, Casey, Schiff, et al: tangibility can be a cruel mistress. Transportability and resistance to confiscation have to be on the scorecard when comparing moneyness. As an addendum to the truism "if you don't hold it, you don't own it", I'd add "if you can't take it with you, or plausibly deny having it, you don't own it either".
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stumpper98
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April 06, 2013, 09:13:27 PM |
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Thanks for the links
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myrkul
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April 06, 2013, 09:59:36 PM |
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Shoulda put it in a brainwallet.
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Spaceman_Spiff
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April 07, 2013, 02:51:12 AM |
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Yes, funny thing in a zero hedge article:the author was bragging about the fact that it was gold that was confiscated, and not fiat or bitcoins, as if being confiscated makes it more valuable.
Of course we know that bitcoins would never be confiscated at a border because you would have to be a total idiot to fuck up an international value transfer with bitcoin...
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Matthew N. Wright
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April 07, 2013, 02:54:26 AM |
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Title says "$7.5m", video says "almost $6m". Does anyone in news actually bother anymore?
Also, as an American living abroad, the more news I watch, the less I bother with the notion of returning "home".
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Charm Quark
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April 07, 2013, 02:56:33 AM |
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davidgdg
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April 07, 2013, 01:39:13 PM |
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Title says "$7.5m", video says "almost $6m". Does anyone in news actually bother anymore?
Also, as an American living abroad, the more news I watch, the less I bother with the notion of returning "home".
1 tonne of gold has a current market value of about US$ 50 million. Bloomberg are clueless.
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"There is only one thing that is seriously morally wrong with the world, and that is politics. By 'politics' I mean all that, and only what, involves the State." Jan Lester "Escape from Leviathan"
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bomboclat77
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April 07, 2013, 09:40:52 PM |
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Title says "$7.5m", video says "almost $6m". Does anyone in news actually bother anymore?
Also, as an American living abroad, the more news I watch, the less I bother with the notion of returning "home".
1 tonne of gold has a current market value of about US$ 50 million. Bloomberg are clueless. Sure, 1 ton of .999 gold. you cant be sure what this was.
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w00t
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April 08, 2013, 01:31:30 AM |
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I was wondering - was the car travelling to Switzerland (that would be worrying)
or
from Switzerland (that would be even more worrying)
which way it is?
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myrkul
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April 08, 2013, 02:31:07 AM |
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What if there was a gold coin.
If you want to ship your gold, you sell it to a local dealer,then you buy "it" back in another nation like Switzerland to have it stored there.
Yes, the Templars did this, back in the crusades.
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Spaceman_Spiff
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April 08, 2013, 04:55:17 AM |
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What if there was a gold coin.
If you want to ship your gold, you sell it to a local dealer,then you buy "it" back in another nation like Switzerland to have it stored there.
How many local dealers take a ton of gold? Plus, you would still need to transport the euro notes (which admittedly should be easier than the gold).
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myrkul
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April 08, 2013, 05:11:52 AM |
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What if there was a gold coin.
If you want to ship your gold, you sell it to a local dealer,then you buy "it" back in another nation like Switzerland to have it stored there.
How many local dealers take a ton of gold? Plus, you would still need to transport the euro notes (which admittedly should be easier than the gold). If only there were a way a person could transport money with no physical proof... perhaps some sort of digital currency....
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Ekaros
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April 08, 2013, 05:20:16 AM |
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Must do wonders to fuel economy. Though with all that gold I don't suppouse it matters
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Logik
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April 08, 2013, 07:14:00 AM |
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If it's not in a private key, you don't own it.
Gold = ponzi.
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Ekaros
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April 08, 2013, 07:19:34 AM |
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If it's not in a private key, you don't own it.
Gold = ponzi.
Hmm, can you own a private key. Though it's certainly much harder to find out...
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myrkul
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April 08, 2013, 07:35:21 AM |
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If it's not in a private key, you don't own it.
Gold = ponzi.
Hmm, can you own a private key. Though it's certainly much harder to find out... If you want to get technical about it, no. Private keys are data, so you can't own them. Best you can do is be in possession of the sole copy. Now, if that copy is stored on some piece of hardware, in order to gain that key, the attacker would have to commit an act of Trespass. Brainwallets can only be accessed by another party if you a) give them the private key (bad idea) or b) they come up with it on their own (in which case, you probably picked a bad passphrase). Either way, no crime was committed when they used that knowledge rightfully gained to snag all your coins. It would be like accusing a man who picked up a suitcase that was left on the street of theft.
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Zaih
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April 08, 2013, 09:10:50 AM |
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Bloody oath. That's a fair bit of $$$ LOL
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theta
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April 08, 2013, 02:07:50 PM |
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Title says "$7.5m", video says "almost $6m". Does anyone in news actually bother anymore?
$7.5 = almost 6m euros.
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