Metal vs Currency

Originally posted by Bardock42
But you understand that people are worried about being conned or somehow taken advantage of. Almost always, if a deal is too good to be true, there'll be a catch.

I know the ballpark price of an ounce of gold, but I don't keep up with it regularly, nor do I invest in gold or wear jewellery, so I feel unable to tell whether something is gold with certainty irl. And I would be wary as well, when someone approaches me with any sort of agenda

Yes a 99 cent con.

Where the guy says here we can go check the value. 😆

Originally posted by Time-Immemorial
Nope. Never.

Well, it's very unlikely nowadays, since the system has settled on inflation and the purchasing power of 1 US Dollar is so far below an ounce of gold. My point is more that that's an arbitrary measure. If the US would decide to reissue US Dollars at a rate of 2000 USD for 1 new USD, then this 1 new USD would be worth more than an ounce of gold.

Of coarse everything you said is hypothetical and will never happen. Im talking about the current real situation.

Convinced OP is a professional troll.

Originally posted by Based
Convinced OP is a professional troll.

Yes its trolling to try and get the bottom of why people are so removed the current values of economics and currencies in America.

Originally posted by Time-Immemorial
Cool

I guess I will proceed with the points you and others seem to be making in this thread. Most of them have been covered by Ush and others but I will try and tie up some lose ends.

One this notion that people are stupid because they do not inherently know the value of gold or what true gold is just from looking at it. That's weird. Most people do not have to deal with gold on a day to day basis. Most people probably don't deal with it on a yearly basis. Expecting people to know something that does not add value to their lives is silly. Degrading them for it is foolish.

Originally posted by Time-Immemorial
The value of the dollar can never go above a dollar, but the value of gold can go up against the dollar, this is common cents stuff my man.

Technically a dollar will always be a dollar but a dollar's purchasing power can and has changed over time. A dollar was worth more in 1980 than it is today. Just like an ounce of gold's ability to purchase changes over time.

Also the notion that somehow gold is better because it is used in electronics? You do realize we use paper for more than just money right? It's used in all kinds of products and materials. So the idea that because gets used in electronics somehow makes it more worthwhile is silly because paper gets used in other things as well.

Originally posted by Time-Immemorial
Yes a 99 cent con.

Where the guy says here we can go check the value. 😆

People don't know what the long game is. But we know that no one gives away something that's worth that much for so little without an agenda. In 0.1% of the cases the agenda may be that the guy is making a youtube video and wants to show that people don't know the value of gold, in that case it'd be a good deal. 99.9 percent of the time it would be someone playing at something sinister, perhaps cheating you out of money, having a colleague rob you while you are distracted, somehow blackmail you, get you to sign up for something stupid, or whatever...so people are on guard when odd stuff happens. In this case it didn't work out for them, usually it does.

I don't think Mark was really going to sell the gold for $25 (lol if he was.) It was nothing else but a social experiment. I do see the point though, that it could've been a scam for most people he encountered.
Th sad thing is no one bothered to inspect the gold coin, whether it was real or not.

Originally posted by Time-Immemorial
Of coarse everything you said is hypothetical and will never happen. Im talking about the current real situation.

The current real situation is that one ounce of gold is worth about 1200 USD. So if someone offered me "Do you want these 1300 USD or this ounce of gold" I would choose the 1300 USD...wouldn't you?

Originally posted by AsbestosFlaygon
I don't think Mark was really going to sell the gold for $25 (lol if he was.) It was nothing else but a social experiment. I do see the point though, that it could've been a scam for most people he encountered.
Th sad thing is no one bothered to inspect the gold coin, whether it was real or not.

Do you think most people have the ability to test whether a gold coin is real or fake?

Originally posted by Bardock42
People don't know what the long game is. But we know that no one gives away something that's worth that much for so little without an agenda. In 0.1% of the cases the agenda may be that the guy is making a youtube video and wants to show that people don't know the value of gold, in that case it'd be a good deal. 99.9 percent of the time it would be someone playing at something sinister, perhaps cheating you out of money, having a colleague rob you while you are distracted, somehow blackmail you, get you to sign up for something stupid, or whatever...so people are on guard when odd stuff happens. In this case it didn't work out for them, usually it does.

Funny you mention that.

"No ones gives away something thats worth so much for so little without an agenda"

However that is what the fed does with fractional reserve banking every day.

How can you feel cheated out of 99 cents? Thats like saying "The Soda Machine took my 99 cents, and I've been cheated." Guess what, you have been but are you at a big loss, are you going to call Coke and complain?

No.

This was risk vs reward. And almost no risk, since he was willing to prove it was real gold and silver.

Originally posted by AsbestosFlaygon
I don't think Mark was really going to sell the gold for $25 (lol if he was.) It was nothing else but a social experiment. I do see the point though, that it could've been a scam for most people he encountered.
Th sad thing is no one bothered to inspect the gold coin, whether it was real or not.

At this point in order to continue further you have to trust the person isn't trying to scam and if it is worth your possible safety to go forward with trying to find out if it is real gold or not.

Originally posted by Bardock42
The current real situation is that one ounce of gold is worth about 1200 USD. So if someone offered me "Do you want these 1300 USD or this ounce of gold" I would choose the 1300 USD...wouldn't you?

No because its more then it actually worth, he was selling this stuff for a fraction of the cost. I think you missed the point.

Originally posted by Time-Immemorial
Funny you mention that.

"No ones gives away something thats worth so much for so little without an agenda"

However that is what the fed does with fractional reserve banking every day.

How can you feel cheated out of 99 cents? Thats like saying "The Soda Machine took my 99 cents, and I've been cheated." Guess what, you have been but are you at a big loss, are you going to call Coke and complain?

No.

This was risk vs reward. And almost no risk, since he was willing to prove it was real gold and silver.

The Fed most definitely has an agenda, TI.

But you are saying the worst that could happen is losing 99 cents. It's not though, you may lose your whole wallet, you may be hurt or otherwise harmed, you just have no idea what's going to happen when someone is so eager to give you an allegedly very valuable coin. The people thought there was a huge risk, they were wrong in this case, but the suspicion probably also served them well when they encountered real scams.

Originally posted by Time-Immemorial
Funny you mention that.

"No ones gives away something thats worth so much for so little without an agenda"

However that is what the fed does with fractional reserve banking every day.

How can you feel cheated out of 99 cents? Thats like saying "The Soda Machine took my 99 cents, and I've been cheated." Guess what, you have been but are you at a big loss, are you going to call Coke and complain?

No.

This was risk vs reward. And almost no risk, since he was willing to prove it was real gold and silver.

It would be more interesting to see if someone had offered to drive him to a new store and test it out there. Do you think he would have went blindly with someone he did not know?

Originally posted by Time-Immemorial
No because its more then it actually worth, he was selling this stuff for a fraction of the cost. I think you missed the point.

I'm saying you arguing that 1 USD is worth less than an ounce of gold is meaningless, because 1300 USD is worth more than an ounce of gold. Just because you are comparing different fractions doesn't make one better than the other.

Originally posted by Newjak
Most people probably don't trust themselves to determine if gold is fake or not. Which is fine considering most people don't handle or use gold often.

At this point in order to continue further you have to trust the person isn't trying to scam and if it is worth your possible safety to go forward with trying to find out if it is real gold or not.

Originally posted by Newjak
He was willing to prove it at a store location he was standing in front of.

It would be more interesting to see if someone had offered to drive him to a new store and test it out there. Do you think he would have went blindly with someone he did not know?

People cook food for you every day, that you never meet. Put food in boxes that you cook, and label it with long drawn out chemical names and fillers, and you blindly trust them. Yet a face to face transaction, in public can't be trusted now?

Originally posted by Time-Immemorial
People cook food for you every day, that you never meet. Put food in boxes that you cook, and label it with long drawn out chemical names and fillers, and you blindly trust them. Yet a face to face transaction, in public can't be trusted now?

There are regulations and government officials that put a standard to those things. There are no rules for trust for YouTube videos.

I would say this is an ass pull but that's insulting actual ass pulls. Professional troll or not, get better at your craft please.

Originally posted by Time-Immemorial
People cook food for you every day, that you never meet. Put food in boxes that you cook, and label it with long drawn out chemical names and fillers, and you blindly trust them. Yet a face to face transaction, in public can't be trusted now?

Well not completely blindly. There's some regulation on food and experience has shown that trusting the food preparation in most western countries is a pretty safe bet.

Now someone trying to give or sell you "gold" on the street is almost always a scam (the most famous one is probably the fake rolex one), so it makes a lot of sense to be more suspicious.

Originally posted by Bardock42
I'm saying you arguing that 1 USD is worth less than an ounce of gold is meaningless, because 1300 USD is worth more than an ounce of gold. Just because you are comparing different fractions doesn't make one better than the other.

Your arguing to argue, and sympathizing with random idiots who have no idea about the value of anything.