Originally posted by sonhouseNah, can't swallow it. when you are already extremely oil rich, extra revenue is not your concern, but stability is of major importance.
Interesting, eh. Iran gets belligerant, and gets rewarded with millions of extra dollars for the effort.
Current prices:
EURO (in USD) 1.2454 0.0001
YEN (per USD) 114.7350 0.0050
COMMODITY FUTURES
OIL 71.89 -0.04
GOLD 641.00 -1.00
Originally posted by Suzianneever heard of flying oil tankers? no ? neither have I. The persian gulf would be a ducks in a barrel situation.
Oil has been going up this week and last due to insecurity about Iran. If war does break out against Iran, expect oil prices to skyrocket. Why this should be, considering that we (meaning the coalition forces in Iraq) are in control of the Iraqi oil reserves, widely considered to be #2 in the world in sheer number of barrels, is beyond me.
Originally posted by adramforallWell its not infinite as there is not an infinite amount of matter in the universe. Also I'm sure by there is more gold in the sea then in all the banks and homes its just there is no economically viable way of extracting it. We don't need to go to other planets to get it. I would expect by the time we could there will be more important things to get, as golds uses are limited.
How do you know it is a finite resource?
For all we know there could be untapped reserves on other planets, in other galaxies, etc, that we have yet to plunder as we do not have the ability to do so at present.
Originally posted by Will Everittbe wary of parroting old cliches in a rapidly changing technological and economic enviroment. things are moving fast on both fronts. what was not possible in the past may be possible in the future. would gold at USD1000/oz, USD/Euro at 2.00 and falling (bankruptcy confidence), floated chinese yuan, and a cheap energy source and new technology make it feasible?
no economically viable way of extracting it.
GOLD 100 OZ FUTRURE 639.500
USD/Euro 1.253
Originally posted by moweutI'm sure one day it will be possible its just as of current there is not a good way to get it out of the sea. Also I think it would be better to use that energy to improve peoples in LEDC's quality of life before we start getting gold out the sea. I don't see it as an important issue for the people of tommorow.
be wary of parroting old cliches in a rapidly changing technological and economic enviroment. things are moving fast on both fronts. what was not possible in the past may be possible in the future. would gold at USD1000/oz, USD/Euro at 2.00 and falling (bankruptcy confidence), floated chinese yuan, and a cheap energy source and new technology make it feasible?
GOLD 100 OZ FUTRURE 639.500
USD/Euro 1.253
Originally posted by Will Everittno, getting gold from the seas does not call for an ostrich impersonation from you or anyone else..
Also I think it would be better to use that energy to improve peoples in LEDC's quality of life before we start getting gold out the sea.
U.S. Dollar ------ 1.2634
gold 656.700 up 2.200
- Joined
- 03 Jul 03
- Moves
- 84652
a friend of mine told me today he's investing in silver. it's like $14 an ounce and he said he sees it going to to $100 an ounce in the next couple years. i laughed at him, but then i know nothing about commodities. i guess if it's good enough for art bell and his survivalist minions...
Originally posted by XanthosNZWell if we made a way of traveling faster then the fastest matter is traveling away from us then we could get to it all. I think that the universe is finite I really can't see it as infinity as this would lead to many problems and be detectable.
No they don't really. And even if the universe is infinite the portion that is reachable by us is finite.
Originally posted by runninfiendthe name of the game at the moment is: dump US dollars and buy other value stores be it gold,silver, platinum, or non-linked foreign currencies.
a friend of mine told me today he's investing in silver. it's like $14 an ounce and he said he sees it going to to $100 an ounce in the next couple years. i laughed at him, but then i know nothing about commodities. i guess if it's good enough for art bell and his survivalist minions...
a switch is likely at some further point down the track but the switch will not be back to USD.
yes, there is a risk of buying silver a the historic highs but i am inclined to go with your friend, there are legs in this movement and it has a long ways to go yet.
SILVER FUTURE 14.050 up 0.420 or 03.08%
GOLD 100 OZ FUTR 663.200 up 8.700 or 01.33%
CRUDE OIL FUTR 72.350 up 0.470 00.65%
Euo/U.S. Dollar ------ 1.2632
1 edit
How much for an ounce? My mate's got some squidgey black for 65 quid an ounce, or skunk at 85. He did have some good quality oil last week, which we hot-knived a couple of times, but I didn't get any 'cos it was 8 quid a gram.
And did you all know that a gold sovereign is still legal tender in the UK?
It has a face value of a pound.
- Joined
- 03 Jul 03
- Moves
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yes, there is a risk of buying silver a the historic highs but i am inclined to go with your friend, there are legs in this movement and it has a long ways to go yet.interesting. maybe i shouldn't have laughed so hard.
SILVER FUTURE 14.050 up 0.420 or 03.08%
GOLD 100 OZ FUTR 663.200 up 8.700 or 01.33%
CRUDE OIL FUTR 72.350 up 0.470 00.65%
Euo/U.S. Dollar ------ 1.2632[/b]