What Is Real Money?

78
Tue, Mar 4, 2014 - 8:08am

Our friend, David McAlvany, has produced another excellent video. This one deals with money and why gold and silver are considered as such.

Much of this may be common knowledge to the average Turdite. However, it's still worth watching because:

  1. You might learn something you didn't already know
  2. You might like the video enough that you c&p the link to family and friends

So, here you go. Enjoy.

TF

About the Author

Founder
turd [at] tfmetalsreport [dot] com ()

  78 Comments


Mar 3, 2014 - 10:11pm

More McAlvany

David was a podcast guest here in Turdville about a year and a half ago. I need to have him on again soon. In the meantime, here's a link if you're so inclined:

https://www.tfmetalsreport.com/podcast/4131/tfmr-podcast-26-david-mcalva...

Verus nemo
Mar 4, 2014 - 7:49am

Thurd!

Great point to discuss. Thanks Turd!

achmachat
Mar 4, 2014 - 7:51am

treasure trove of good info!

Thank you for making sure that as many as possible get to see these!

ag1969
Mar 4, 2014 - 7:51am

Q: What is real money?

A: Real Money is NOT available from Provident this morning. I headed over there to take advantage of the dip and their website is down for "Scheduled Maintenance"

AlienEyes
Mar 4, 2014 - 7:53am
2014
Mar 4, 2014 - 7:58am

Support level for silver?

Craig,where is the supports for silver,could you kindly comment?

2014
Mar 4, 2014 - 8:00am

Selling here or holding for today?

Selling here or holding for today?

Mudsharkbytes
Mar 4, 2014 - 8:01am
murphy
Mar 4, 2014 - 8:01am

Bollocks

Never fear all is well. We will have Bitlicense

Mr Lawsky wants to attract healthy bitcoin operators to the state, and has floated the idea of launching a “BitLicense” to regulate operators in the industry, and to align any new rules with existing financial regulation.

https://libertyblitzkrieg.com/2014/03/03/new-york-banking-regulator-benjamin-lawsky-thinks-mt-gox-collapse-could-help-bitcoin/

Now I understand bitcoin. When does it become money? Only after it becomes regulated!!

https://www.youtube.com/watch?v=zDAmPIq29ro

Oh , numero uno!!

dragonfly5
Mar 4, 2014 - 8:04am

In by the skin of my teeth . . .

Nice smackdown - a little bit more and I'll be forced to get myself some more Real Money.

silver66
Mar 4, 2014 - 8:06am

Silver66's top ten list

1- buy gold

2- buy silver

3 thru 10 repeat as necessary

Silver66

4 oz
Mar 4, 2014 - 8:14am

Hard to resist----

Hard to resist---- Hard assets when they are on sale!

2014
Mar 4, 2014 - 8:24am

First and foremost at the

First and foremost at the 200-day moving average. For the May14 contract, that is near $21.11

buzlightening
Mar 4, 2014 - 8:33am

You gotta know silver is scarce & more people will get the shaft

The Tulving Company is Out of Business

about.ag / March 3, 2014 3:45PM

[This is a new page now that The Tulving Company has gone out of business. Feel free to look at old page]

March 3, 2014 3:45PM
As we predicted/requested on Friday, The Tulving Company has gone out of business, as of Monday morning. They are no longer answering their phones, and we have reliable information confirming that they have ceased operations.

This page will be updated as more information comes in.

There is a lot of information on our old page about The Tulving Company.

We hope to update this page with information about what will happen next. At this point, our best guess is that The Tulving Company will file for bankruptcy. Unfortunately, we believe that there will be little in the way of available assets with which to compensate those whose orders were not fulfilled.

If You Have Unfulfilled Orders

If you have unfulfilled orders, I would recommend checking this page frequently for updates.

If You Had an Order Fulfilled Recently

You may want to check this page occasionally to see if The Tulving Company files for bankruptcy, and if so, to verify that doing so would not affect you.

SOURCE: https://about.ag/tulving.htm

.................................................................................................................................................................................

It's certain silver blew up the tulving company. Sold what wasn't there's. Just like the bankstering criminals will blow up for selling what they don't have. Keep a Vulcan death grip on silver bullion coins in possession. Especially the US Mint Silver Eagles. People will be getting the shaft from many entities having made promises for delivery on stuff no in stock. Just the criminal corrupt world we live in. Be careful on large quantity orders; monster boxes and above. You'll see a time when US Mint grade silver eagles will be the most sought after bullion coin in a world gone debt wild with imploding fiat paper monies. 


Mar 4, 2014 - 8:38am

Well, this is

Well, this is interesting...

buzlightening
Mar 4, 2014 - 8:40am

I wouldn't concern yourself with paper CRImex silver prices

going forward. If you're waiting on an order of physical I'd be wondering if you will ever get it in hand from here on out. Always plenty to buy at paper CRImex prices but can you get your hands on the real thing. Again be careful with large orders over the net, by phone, and no knowledge of the real inventory in stock. Don't believe the posted in stock anywhere. Tulving did this and what? Don't believe the person on the other end of the phone. Even if you've done business with them in the passed. Desperate entities do desperate things. Tulving sold what they didn't have and got caught! Certain other PM sites doing the same but haven't been caught! Good luck going forward stackers.

Bollocks
Mar 4, 2014 - 8:45am

Me a crypto-currency basher? Ohhh, maybe...

I see MazaCoin is today the highest riser, up a mere 965% and good old Cryptographic Anomaly is up just 565%. https://coinmarketcap.com/

And these are supposed to be currencies. Wake up boys and girls - we're being duped. These currencies are there to condition us to the existence and use of crypto-currencies. When the big re-set comes, tptb will introduce their "stable" crypto currency in place of the dollar, that everyone will flock to (problem-reaction-solution) - having been fleeced through the collapse of it. It will then be made illegal to trade using any of the other crypto-currencies.

Wakey-wakey. This is what's coming.

tmosley Bollocks
Mar 4, 2014 - 8:49am

Bollocks has a really low

Bollocks has a really low opinion of the intelligence of people, doesn't he? 

I guess he forgot that when JPM tried to patent a bunch of crypto technology, they got blown the fuck out by the patent office AND that everyone in the bitcoin community laughed at them for trying, because no-one would EVER trust a bank issued crypto in any event. They wouldn't trust ANY cryptocurrency that had a central authority. That is the entire POINT of cryptocurrencies.

No, Marie Antoinette did NOT invent the guillotine as part of a massive conspiracy for the monarchy to gain absolute power over the French people. Might as well claim that Marx invented anarcho-capitalism.

Why do anti-bitcoiners have to make up literally insane scenarios to bash bitcoin? Because that is the only way they can justify their anti-bitcoin stances, of course.

Sorry Bollocks, I'm not going to give you a free pass to lie in public forums.

ag1969
Mar 4, 2014 - 8:50am

Alright!!!

Provident is back up.

buzlightening
Mar 4, 2014 - 8:51am

You gotta know with silver we may have a CRImex

March default on deliveries. As far as I'm concerned it already has happened with the CRImex merely a cash settlement entity and very little metal. CRImex lies, tulving lies, and many others lie, of what silver there is in stock for delivery. Officially the goon speak after March deliveries will be cart blanc cash only for the CRImex. 

Bollocks
Mar 4, 2014 - 8:57am

murphy

Thanks for putting me FURST wink. Haven't been there for ages. I'm slackingsad.

edit: ok Turd was furst, but that doesn't count cheeky.

buzlightening
Mar 4, 2014 - 8:59am

Can you really even believe the government mint stats?

https://www.usmint.gov/about_the_mint/index.cfm?action=PreciousMetals&ty... I believe you can if you believe the NFP number coming out this FRYday and all the other cpi, ppi, gdp mark to fantasy gobbledygook the gov puts out public acres, upon acres, of BS for public consumption. 

tyberious
Mar 4, 2014 - 9:04am

Well, this is

Lots of news crews there! Looks staged.

treefrog
Mar 4, 2014 - 9:04am

real money?

in my not so humble opinion, the problem with so many different views on just what constitutes money is that people insist on defining it as a noun. it is a verb.

i suggest that money is what money does. money functions are:

a) a medium of exchange

b) a store of value

c) a unit of account

d) other - something to flaunt, a status symbol, a codpiece, etc.

anything that performs these functions is money. some moneys are better at it than others (silver and gold at the top of the list.)

Bollocks
Mar 4, 2014 - 9:09am

tmosley

I see, and tptb never create stories to manipulate mass-perception do they. Everything in the media is true.

Wake up.

And thanks for not giving me a "free pass to lie". Your arrogance here is astonishing and reveals a lot about you and why you're here.

Island Guy
Mar 4, 2014 - 9:22am

Are GOFO Rates Positive

I've tried to check on the internet to see if GOFO rates have turned positive on Monday or today, but I cannot seem to find live rates. Does anyone know if they turned positive, as predicted by Turd? If so, this would tie in nicely with gold and silver going down today in spite of tensions in Ukraine.

Island Guy
Mar 4, 2014 - 9:24am

They've held steady

The one-month is still slightly negative, likely due to the Ukrainian uncertainty. As you can see, though, the 2-mo and 3-mo are creeping more positive, which is providing more ammo for the bad guys.

24-Feb-14 -0.05000 -0.03400 -0.01200 0.03200 0.11200                    
25-Feb-14 -0.04600 -0.03000 -0.01200 0.03400 0.11400                    
26-Feb-14 -0.03800 -0.02400 -0.00600 0.03200 0.11400                    
27-Feb-14 -0.02400 -0.01400 0.00200 0.03400 0.11600                    
28-Feb-14 -0.01400 0.00000 0.01600 0.04800 0.12400                    
03-Mar-14 -0.01600 0.00200 0.01800 0.04200 0.12400                    
04-Mar-14 -0.01400 0.00400 0.02200 0.04200 0.11800
mac
Mar 4, 2014 - 9:54am

Too many hollywood movies?

- fantasy trumps reality, no it's not soap opera TV, it is the stock market manipulation happy happy daze!

buzlightening
Mar 4, 2014 - 10:05am

USDinker would collapse anyway.

Just needed to have our US anger kindled toward the wrong people: 

Tyler Durden's picture

Putin Advisor Threatens With Dumping US Treasurys, Abandoning Dollar If US Proceeds With Sanctions

03/04/2014 - 09:51

While the comments by Russian presidential advisor, Sergei Glazyev, came before Putin's detente press conference early this morning, they did flash a red light of warning as to what Russian response may be should the west indeed proceed with "crippling" sanctions as Kerry is demanding. As RIA reports, his advice is that "authorities should dump US government bonds in the event of Russian companies and individuals being targeted by sanctions over events in Ukraine." Glazyev said the United States would be the first to suffer in the event of any sanctions regime. “The Americans are threatening Russia with sanctions and pulling the EU into a trade and economic war with Russia,” Glazyev said. “Most of the sanctions against Russia will bring harm to the United States itself, because as far as trade relations with the United States go, we don’t depend on them in any way.

..............................................................................................................................................................

So Russia dumps; China dumps and all the world follows. We'll need blow'em all up to get even. Act one near complete and act II dumping the USDinker coming.

flyinkel
Mar 4, 2014 - 10:11am

Dr Paul Craig Roberts has 2 good articles out

www.paulcraigroberts.org

Addresses Ukraine, U.S. involvement and what he believes this is setting us up for. Worth the 5 min it will take you to read. "The End Could Be Nearer Than You Think" and "Washington's Arrogance, Hubris, and Evil Have Set The Stage For War"

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