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  • LAVA Moderator: Shinji Ikari

the market: stocks, bonds, options, whatever

Electrum1 said:
That is cool how they knew to hedge future costs back then. I'm convinced we've been the same for like 10k years and any biological evolution we've had over 100k years or so came in sudden spurts due to evolutionary bottlenecks from whatever causes, not a steady rate of evolving
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Definitely. I don't think we've evolved at all since then. If you look at how we measure our early progress, it's through our use of metals - copper age, bronze age, iron age.

We've been measuring human advancement by finding new ways to dig up and harness stuff in the ground. Even today I would say that hasn't changed. If we use an iPhone as the benchmark for technological progress... it's got at least two dozen different elements in it.

Maybe if people knew how to dig up and refine all those elements in 5000 BC, they would have been capable of producing the advancements we have today. And on the other side, today is not that different from ancient times. We still need sewers and concrete, and the Romans hacked that pretty long ago.

We also still need to wait for crops to grow, so it still helps to have insurance that they'll fetch a fair price
 
so, just wondering, does anyone actually ever... you know... use their gold/silver?

or is it just in case society collapses?

but how much use will it really be then?

it's not like everyday folk will be out there in the wasteland with a triple beam in their trenchcoat pocket ready to verify the payment every time they need to hock a sprocket.

i'm banking on there being more demand for liquor in a SHTF scenario. especially those single-use bottles.

we're already familiar with trading for shots of liquor, but not many people can tell the value of some coinage at a glance.
 
thujone said:
so, just wondering, does anyone actually ever... you know... use their gold/silver?

or is it just in case society collapses?

but how much use will it really be then?

it's not like everyday folk will be out there in the wasteland with a triple beam in their trenchcoat pocket ready to verify the payment every time they need to hock a sprocket.

i'm banking on there being more demand for liquor in a SHTF scenario. especially those single-use bottles.

we're already familiar with trading for shots of liquor, but not many people can tell the value of some coinage at a glance.
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Most of the silver I have (that isn't collectible coins) is antique (92.5% pure) sterling silver plates, bowls, silverware, serving platters, candle holders that I bought on eBay over the years

So I can actually use it unlike silver and gold bars. Paid like $360 each for some 13.5" serving platters which was about as much below the spot price as the shipping costs, so pretty much spot price after shipping. They have almost 1,000 grams in actual silver weight and they're worth over $1,000 each now but I can actually use them without caring about damage because they're scrap metal at the end of the day
 
candle holders, eh?

Scrooge_thought_Jiminy_would_be_taller.jpg
 
JahBeeuS said:
fuck yea - can finally unload these $GME bags.... Part of me wants to see what happens now that they can't *shouldn't be able to* take away the buy button - but greed is what got me last time and had kept me in the read for the better part of 2/3 years. What a feeling to finally be outproducing what a HYSA would've done for my play money account in the same time lol.

I loaded up in my IRA when I rolled over my 401(k) funds so my cost basis in there is fucking nice so I'll probably sell enough to cover my cost and see if this fucking rocket makes it to a moon landing or beyond...
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Some of the nicest prices to sell options since the original rally, but I was too busy on Tuesday and then by Wednesday call prices had cratered. :(
 
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