Gold & Silver Forum (http://goldismoney.info/forums/index.php)
- Gold - Silver - Coins - Numismatics (http://goldismoney.info/forums/forumdisplay.php?f=51)
- - Are you guys really greedy? (http://goldismoney.info/forums/showthread.php?t=28851)

Jasper | 02-03-2006 06:52 AM
Are you guys really greedy? Hi All: As a newbie at GIM I'm really enjoying these great forums. But in reading up on PMs one thing has been bugging me. If we accumulate paper money it's called 'saving' and thought to be a good thing. So why is the private accumulation of real money -- gold/silver -- called 'hoarding'? 'Saving' implies all sorts of good things like thrift and so on. But what first comes to mind when I hear the word 'hoarding' is greed. Are you guys really greedy? :confused:

Infidel | 02-03-2006 07:03 AM
Re: Are you guys really greedy? define greedy

RossL | 02-03-2006 07:24 AM
Re: Are you guys really greedy? Quote:
Originally Posted by Jasper If we accumulate paper money it's called 'saving' and thought to be a good thing. So why is the private accumulation of real money -- gold/silver -- called 'hoarding'?
That is propaganda from the boyz who can print up paper tokens for nothing and trade them to you in exchange for your hard work.

Scorpio | 02-03-2006 07:26 AM
Re: Are you guys really greedy? It depends on your thought process. When the metals are measured in return against paper, the metals are woefully lacking.........but that is all semantics. That is an argument that you will see put forth repeatedly. So, saving paper based is indeed 'saving', hoarding, 'under the mattress', rainy day funds, paying off debt, and is considered prudent by most. Most people have bought the paper game hook line and sinker. The term hoarding is used for many items, for instance hoarding food for a coming winter (a Kondrateiff Winter) much like a squirrel. Hoarding can be applied to metals, or anything else you would deem necessary. lhs hoards women. Khan hoards silver, he's the greedy one you are looking for:haha: Remember too that if you save fiat in any instrument other than your home, such as money market, or bank saving, you are granting free will to the government to tax you on those funds over and over again. If you save it at home ex the system in fiat based instruments, you are still going to be had, as the largest tax of all, the great inflation, will insure that you do not come out ahead. You may continue to accumulate fiat, but it is depreciated over time, resulting in less purchasing power. Someone who accumulates metals is considered weird, a goldbug, a silver nut, and by some, flat out stupid because of the comparison to fiat. It has been 25 years since gold last saw $600, so it doesn't appear on the surface to be a very good investment does it? But, here it is 25 years later, and 1 ounce is still one ounce. There is no argument there. Once having purchased the metal, there is no year to year tax against it. It is fully transportable to any country in the world. I will say here that most citizens in countries across the world will indeed understand gold or silver when traveling. They may refuse dollars, but they most certainly will not turn down gold or silver. Most persons here know the Great Winter will indeed arrive one day. For that period, each chooses his/her own level of preparation. Some have carried it to a level considered deep survivalist by the sheeple. Many buy gold and silver as insurance against the fiat monetary system. Others hoard gold and silver. We all make choices by the level of our education regarding the fiat monetary system. So greedy is a relative term, without knowing the persons and their intentions, you really could not apply the term. To most here, it isn't greed is good like in the movie Wall Street. Welcome Aboard.

Jasper | 02-03-2006 07:55 AM
Re: Are you guys really greedy? Quote:
Originally Posted by zhukher define greedy
To 'hoard' is defined as "to store, esp. in excess; to amass and deposit in secret." The connotations are negative, and "in excess" implies a selfish and greedy grasping, taking more than you need and thereby maybe depriving others of what they need. It's a cunningly chosen word. I can't see that it's neutral at all. But it's good to hear that the Sultan is the only greedy one around here! :cheerful:

Jasper | 02-03-2006 08:14 AM
Re: Are you guys really greedy? Quote:
Originally Posted by Scorpio Khan hoards silver, he's the greedy one you are looking for. Welcome Aboard.
Thanks. I'll watch out for him. :wink:

Jasper | 02-03-2006 08:24 AM
Re: Are you guys really greedy? Quote:
Originally Posted by RossL That is propaganda from the boyz who can print up paper tokens for nothing and trade them to you in exchange for your hard work.
Yes, that's pretty much what I figured too. Propaganda. That's why I was surprised to see the word used in the recent Credit/Agricole Cheuvreux study which on the surface of it seems to be on our side: 'Remonetization of gold: Start hoarding.'

Sturdly | 02-03-2006 08:59 AM
Re: Are you guys really greedy? Throw a few numismatic coins into your stash and you can refer to yourself as a coin collector if you like. I do....hahaha

G-khan | 02-03-2006 09:17 AM
Re: Are you guys really greedy? Quote:
Originally Posted by skyvike Scorpio, As usual, your wisdom exceeds even your good looks! :adore: :adore: :adore: :adore: :bowdown: :bowdown: :bowdown: :bowdown: :bowdown:
Wouldn't need much wisdom to surpass those looks... IQ of about 10 I think..:bandito: scorpio is smart but please don't bring his looks into the picture!

Big_Rob | 02-03-2006 09:55 AM
Re: Are you guys really greedy? Yes, I am a very greedy person. *Wrings Hands*

melbo | 02-03-2006 10:36 AM
Re: Are you guys really greedy? Quote:
Originally Posted by Scorpio It depends on your thought process. When the metals are measured in return against paper, the metals are woefully lacking.........but that is all semantics. That is an argument that you will see put forth repeatedly. So, saving paper based is indeed 'saving', hoarding, 'under the mattress', rainy day funds, paying off debt, and is considered prudent by most. Most people have bought the paper game hook line and sinker. The term hoarding is used for many items, for instance hoarding food for a coming winter (a Kondrateiff Winter) much like a squirrel. Hoarding can be applied to metals, or anything else you would deem necessary. lhs hoards women. Khan hoards silver, he's the greedy one you are looking for:haha: Remember too that if you save fiat in any instrument other than your home, such as money market, or bank saving, you are granting free will to the government to tax you on those funds over and over again. If you save it at home ex the system in fiat based instruments, you are still going to be had, as the largest tax of all, the great inflation, will insure that you do not come out ahead. You may continue to accumulate fiat, but it is depreciated over time, resulting in less purchasing power. Someone who accumulates metals is considered weird, a goldbug, a silver nut, and by some, flat out stupid because of the comparison to fiat. It has been 25 years since gold last saw $600, so it doesn't appear on the surface to be a very good investment does it? But, here it is 25 years later, and 1 ounce is still one ounce. There is no argument there. Once having purchased the metal, there is no year to year tax against it. It is fully transportable to any country in the world. I will say here that most citizens in countries across the world will indeed understand gold or silver when traveling. They may refuse dollars, but they most certainly will not turn down gold or silver. Most persons here know the Great Winter will indeed arrive one day. For that period, each chooses his/her own level of preparation. Some have carried it to a level considered deep survivalist by the sheeple. Many buy gold and silver as insurance against the fiat monetary system. Others hoard gold and silver. We all make choices by the level of our education regarding the fiat monetary system. So greedy is a relative term, without knowing the persons and their intentions, you really could not apply the term. To most here, it isn't greed is good like in the movie Wall Street. Welcome Aboard.
Wow. Can I use this to 'slain some things to my bug eyed friends? Well stated.

SilverNuts@Bolts | 02-03-2006 10:37 AM
Re: Are you guys really greedy? Yes "hoarding" has a negative bias, spread by banker crooks & such. The same goes for "taking profits", when the reality is: You Are Loosing Money and "correction", which implies, that the market finally smartened up and went down [You Are Loosing Money]. There are others, such as Federal [which it is not] Reserve [which it doesn't have any of] and many other, purposely spoon-fed lies.

Prometheus | 02-03-2006 05:08 PM
Re: Are you guys really greedy? People who come at me with that hoarding / stockpiling drivel show their true selves. Frivilious idiots. They spend 1,000 bucks on a new sport coat or buy a new computer every 6-9 months... have the latest IPOD everytime they release it... They call us names? Muahahhahaha. I'll be dancing a jig when the come to me begging for food/protection/shelter. F-them. They have been warned.

Silverity | 02-03-2006 07:00 PM
Re: Are you guys really greedy? Greed will keep many in gold/silver at the ultimate top unable to sell. Learn to control it.

Spacecat | 02-03-2006 07:38 PM
Re: Are you guys really greedy? excelent post Scorpio:coolbeer:

TheKingsSon | 02-03-2006 08:23 PM
Re: Are you guys really greedy? Quote:
Originally Posted by Prometheus People who come at me with that hoarding / stockpiling drivel show their true selves. Frivilious idiots. They spend 1,000 bucks on a new sport coat or buy a new computer every 6-9 months... have the latest IPOD everytime they release it... They call us names? Muahahhahaha. I'll be dancing a jig when the come to me begging for food/protection/shelter. F-them. They have been warned.
now now now.... sometimes a little grace goes a long way. We know you're way up on the average person, but a little humility won't hurt. Prverbs 29:23 A man's pride shall bring him low: but honour shall uphold the humble in spirit.

Libertarian_Guard | 02-03-2006 08:37 PM
Re: Are you guys really greedy? It’s about savings. Those who choose to save are striving for a degree of independence, those who don’t stand a good chance of becoming dependent upon others. Only a fool would willingly position himself to become dependent upon his family or dependent upon the state. The instrument you choose to save in is your choice. So choose wisely.

GREENSILVERHORN | 02-03-2006 09:25 PM
Re: Are you guys really greedy? Still here, I am spending to save. The spend game has not ended I am still all very actively in support of the game, although be it a side game. I know some guys here tell you don't tell anyone what your doing. I have trouble holding on to what I've got, I flip my silver everywhere as I can not hold back the truth. I am the messanger and I hope I don't get attacked. If I do, I could at least say I was freed. I wonder what answer you would get from a hedge fund manager.

HistoryStudent | 02-03-2006 11:12 PM
Re: Are you guys really greedy? Gosh, I hoard FRN notes in the bank and the JERKs at the FED keep printing so many that my buying power falls in half every three to four years! P.S. wake-up call on that new "grabbie dealie" about gold not leaving the bank deposit boxes at the B of A in Orange County, CA - WHOA! Doesn't that TELEGRAPH what the plan is!

Jasper | 02-05-2006 12:11 AM
Re: Are you guys really greedy? Thanks for the informative and amusing replies. I've had another thought about this 'saving' vs. 'hoarding' business. I don't think anyone has ever been executed for 'saving.' A headline such as "Sultan sentenced to hang for saving" would have us scratching our heads in puzzlement. But I don't think that "Sultan sentenced to hang for hoarding " would raise too many eyebrows. In wartime, and during emergencies, and under communist regimes folk are often executed for the crime of 'hoarding.' That's why I don't like the word when it's applied to folk who are mainly concerned to preserve their hard-earned savings.

WAoG | 02-05-2006 12:39 AM
Re: Are you guys really greedy? Quote:
Originally Posted by SilverNuts@Bolts Yes "hoarding" has a negative bias, spread by banker crooks & such. The same goes for "taking profits", when the reality is: You Are Loosing Money and "correction", which implies, that the market finally smartened up and went down [You Are Loosing Money]. There are others, such as Federal [which it is not] Reserve [which it doesn't have any of] and many other, purposely spoon-fed lies.
Yes and those elites have in those big houses every letter, book etc from the time of their great, great, great, grand parents. So some will put the stuff in basements even of other houses that they own (real smart) (and hardly ever go to) as oriental rugs worth thousands rot, and everything molds and turns to garbage. But they don't hoard anything. These type of people are about as brain-dead as it gets. Ever seen a million bucks rot?

HistoryStudent | 02-05-2006 10:19 AM
Re: Are you guys really greedy? Quote:
Originally Posted by Jasper Thanks for the informative and amusing replies. I've had another thought about this 'saving' vs. 'hoarding' business. I don't think anyone has ever been executed for 'saving.' A headline such as "Sultan sentenced to hang for saving" would have us scratching our heads in puzzlement. But I don't think that "Sultan sentenced to hang for hoarding " would raise too many eyebrows. In wartime, and during emergencies, and under communist regimes folk are often executed for the crime of 'hoarding.' That's why I don't like the word when it's applied to folk who are mainly concerned to preserve their hard-earned savings.
The people in power write the history. Imagine calling a central bank who holds (supposely) 32 tons of gold a "hoarder," pilgrim. So's if they do it, its for you and held in public trust: but if YOU do it - you can get screwed. Mainly because they leased all theirs out; so forget about that trust B.S. In other words SAVINGS in an ultimate currency is wise, practical, prudent, and smart but be wise about it.

chewy | 02-10-2006 11:59 PM
Re: Are you guys really greedy? Quote:
Originally Posted by Scorpio It depends on your thought process. When the metals are measured in return against paper, the metals are woefully lacking.........but that is all semantics. That is an argument that you will see put forth repeatedly. So, saving paper based is indeed 'saving', hoarding, 'under the mattress', rainy day funds, paying off debt, and is considered prudent by most. Most people have bought the paper game hook line and sinker. The term hoarding is used for many items, for instance hoarding food for a coming winter (a Kondrateiff Winter) much like a squirrel. Hoarding can be applied to metals, or anything else you would deem necessary. lhs hoards women. Khan hoards silver, he's the greedy one you are looking for:haha: Remember too that if you save fiat in any instrument other than your home, such as money market, or bank saving, you are granting free will to the government to tax you on those funds over and over again. If you save it at home ex the system in fiat based instruments, you are still going to be had, as the largest tax of all, the great inflation, will insure that you do not come out ahead. You may continue to accumulate fiat, but it is depreciated over time, resulting in less purchasing power. Someone who accumulates metals is considered weird, a goldbug, a silver nut, and by some, flat out stupid because of the comparison to fiat. It has been 25 years since gold last saw $600, so it doesn't appear on the surface to be a very good investment does it? But, here it is 25 years later, and 1 ounce is still one ounce. There is no argument there. Once having purchased the metal, there is no year to year tax against it. It is fully transportable to any country in the world. I will say here that most citizens in countries across the world will indeed understand gold or silver when traveling. They may refuse dollars, but they most certainly will not turn down gold or silver. Most persons here know the Great Winter will indeed arrive one day. For that period, each chooses his/her own level of preparation. Some have carried it to a level considered deep survivalist by the sheeple. Many buy gold and silver as insurance against the fiat monetary system. Others hoard gold and silver. We all make choices by the level of our education regarding the fiat monetary system. So greedy is a relative term, without knowing the persons and their intentions, you really could not apply the term. To most here, it isn't greed is good like in the movie Wall Street. Welcome Aboard.
That should be a "sticky." Damn good post! :clap2: :bowdown:

All times are GMT -4. The time now is 05:25 PM. |

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
Copyright = None use it and Link to GIM