111–120 of 238 posts
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Wasn't that movie only? I read book longer before but I never remembered the empty vault thing...
In the TV show there is Xaro Xhoan Daxos http://gameofthrones.wikia.com/wiki/Xaro_Xhoan_Daxos
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As fascinating as that is, what I find to be even more interesting is that the total wealth in that insane concrete-bubble structure built to withstand atomic attack... is just over a billion USD. That's nothing in the scale of global wealth. And that's the largest gold vault on Earth. Pretty disappointing if you ask me. The entire gold vault (one million ounces of gold) is worth about a third of one percent of JPMor…
Well, that's a telling finding. It's just "telling" different conclusions about "global wealth", "JPMorgan's market capitalization", and gold's "fair" value to different minds ;) The only thing that's safe to assess about that bullion is that for all human intents and purposes, it'll outlast infinite numbers of generations, and the other stuff --- won't. That alone tells of the impossibility and futility of putting a…
Revealing a "problem" with US-held gold would be a blow to US currency dominance. The value of such a shift in global power is vastly more than the total value of gold on the planet, which is about 8-9 trillion US$.
In other words, gold is nowhere near able to become a currency substitute, but it is potentially a bomb that can damage the dollar.
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I'll just leave this here: http://www.zerohedge.com/news/2013-03-02/why-jpmorgans-gold-...
As fascinating as that is, what I find to be even more interesting is that the total wealth in that insane concrete-bubble structure built to withstand atomic attack... is just over a billion USD. That's nothing in the scale of global wealth. And that's the largest gold vault on Earth. Pretty disappointing if you ask me. The entire gold vault (one million ounces of gold) is worth about a third of one percent of JPMor…
There's no need for Germany to invade other EU members, because the ultimate goal of EU was to give the Germans control over the Europe without using military force, and that's working pretty well for them - they can keep other countries in check just because they provide most of the money to EU budget. But, Switzerland is NOT an EU member, so that's a different story :)
That sounds extremely fishy. Why would UK and France want to support a project like that?
But, Switzerland is NOT an EU member, so that's a different story :)
GP didn't say another EU member but rather a neighbour.
There's no need for Germany to invade other EU members, because the ultimate goal of EU was to give the Germans control over the Europe without using military force, and that's working pretty well for them - they can keep other countries in check just because they provide most of the money to EU budget. But, Switzerland is NOT an EU member, so that's a different story :)
because the ultimate goal of EU was to give the Germans control over the Europe without using military force That sounds extremely fishy. Why would UK and France want to support a project like that? But, Switzerland is NOT an EU member, so that's a different story :) GP didn't say another EU member but rather a neighbour.
They wouldn't, hence the Brexit :)
Also, in the beginning it wasn't sole German domination, rather, it was German-French duopoly [1][2]. But now French economy got weaker, so that they are not equal partner to Germany anymore, and guess what? There are some politicians in France talking about Frexit [3], or at least giving up Euro as currency (which would result in EU collapse anyway).
EDIT: as usual, HN is obsessed with references, even for things that are a) common knowledge b) mostly based on hundreds of facts, that are not so important in isolation, but are meaningful when seen as a trend.
[1] http://www.nytimes.com/2011/12/09/opinion/can-merkozy-save-t...
[2] http://www.telegraph.co.uk/news/worldnews/europe/eu/11207721...
[3] http://www.express.co.uk/news/world/790846/marine-le-pen-pro...
There's no need for Germany to invade other EU members, because the ultimate goal of EU was to give the Germans control over the Europe without using military force, and that's working pretty well for them - they can keep other countries in check just because they provide most of the money to EU budget. But, Switzerland is NOT an EU member, so that's a different story :)
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Ah that reminds me so much of Game of Thrones were this one dude builds all his power and businesses based on an empty vault and a promise of what is inside.
There have been some recent analogs in real life. Mostly in the tech. industry, but also in luxury real estate.
> Gold is money, which is based on physical ownership, not on trust in the willingness and ability of another party to honor their promises. If you have gold, but you do not have it under your control, it is almost pointless to have gold. Really digging this one. That's why I proactively not listen to investors/consultants who suggest to buy some gold derivates for savety purposes. In other regards: What's the point…