Canon 5D Mark III Rumors

shanni wrote in post #10379889
Yeah, the checking account I opened wasn't just for the new camera...it will be a place to stash funds for the day I get up the nerve to leave.

well, this is a very public forum... good luck.

hqqns wrote in post #10384458
So where do I get one of thes fancy paper/cotton notes? We only get to use plastic notes here

I don´t know, I´m only interested in money, not in paper/cotton/plastic/w​hatever...

BTW you´ll probably start using new ones soon:

MMX wrote in post #10384557
BTW you´ll probably start using new ones soon:

i think hqqns is australian though.

alt4852 wrote in post #10384601
i think hqqns is australian though.

Yeah, that´s what I was talking about; 1 oz silver is 1 oz silver, no matter there´s an eagle or a kookaburra on it´s surface.

MMX wrote in post #10384651
Yeah, that´s what I was talking about; 1 oz silver is 1 oz silver, no matter there´s an eagle or a kookaburra on it´s surface.

oh, i was just referencing the fact that you replied to his post with an american note.

alt4852 wrote in post #10384670
oh, i was just referencing the fact that you replied to his post with an american note.

Yes I'm a bit confused too

hqqns wrote in post #10387486
Yes I'm a bit confused too

I didn´t notice where you were from, I thought you were talking about American banknotes

MMX wrote in post #10387641
I didn´t notice where you were from, I thought you were talking about American banknotes

No worries, I'll take any money you can donate to me so I can buy that 5dIII

MMX wrote in post #10384372
No no no... this is a very common opinion but it´s not true. Money is something that has real value. Banknote (Do you see the name? It´s not money, it´s just a note written by some banker) was an abstract representation of money... but it´s not anymore. Why - I will explain it later

However, isn't value determined by the recipients abstract notions of worth? Since 'real value' is relative, then can't anything, be it gold, sliver, seashells, whatever have value as money?

hqqns wrote in post #10387679
No worries, I'll take any money you can donate to me so I can buy that 5dIII

What happened that you want money? Banknotes are not good anymore?

RWatkins wrote in post #10387814
However, isn't value determined by the recipients abstract notions of worth? Since 'real value' is relative, then can't anything, be it gold, sliver, seashells, whatever have value as money?

Not really. Originally money was something what we now call with a more specific name "commodity money". The real value of the commodity was measured by the effort somebody had to take to obtain this commodity - this means that the money coudn´t be created out of nothing. If you wanted to have more seashells, you had to dive into the sea to get them. And the harder it was to get the commodity (there could be various reasons; the source could be too remote, it could be too exhausting to get it , it could be too rare), the higher was its value.
What people call money has a more specific name "fiat money". This money has no real value because its amount is not related to amount of commodities. Before 1971 every US dollar could be changed for 1/35 troy ounce of gold. This means that if United States wanted to print more dollars, they had to get more gold. This is why US dollar was used as a reserve currency. Today, 39 years after the "Nixon Shock", one US dollar can be changed for 1/1257 troy ounce of gold (if you find someone who will sell it to you). What value will the US dollar have tomorrow? Nobody knows. And even exchange rates for various currencies vary - for example during last 10 years the USD/GBP exchange rates varied from 1:44:1 to 2:1 - so if you had $1500 and wanted to buy something for £1000, one day you could afford it and another day you couldn´t, even though neither its price in pounds nor the amount of banknotes in your wallet changed.
But if it´s price was 2 oz of gold, you could buy it every day for the same 2 oz of gold, because as the exchange rate was changing, the price of gold in USD or GBP was changing too. Only if they discovered a huge golden mine they could say "nah, we have enough gold, your 2 oz is not enough" but this is quite unlikely to happen - this is why gold has real value while US dollar has not.

This thread is getting boring.

Was it ever amusing?

I think the 5D Mark III is going to be going to be marginal in performance increase and I firmly do believe that the 3D is an inevitable reality. I was the biggest skeptic at first but with the release of 7D, all odd doors seem to less gateways to fantasy but more-so idea of what the future mat entail.

P.S.
I own 2lbs of 24K .9999 fine gold (not bullion) that was bought at just less than $500 an ounce a decade or so back.

I don't think I'll be needing a 401k the way the precious metals market is looking.

I always thought fiat money was money you used to buy an Italian car.

Luminodio wrote in post #10388406
Was it ever amusing?

I think the 5D Mark III is going to be going to be marginal in performance increase and I firmly do believe that the 3D is an inevitable reality. I was the biggest skeptic at first but with the release of 7D, all odd doors seem to less gateways to fantasy but more-so idea of what the future mat entail.

P.S.
I own 2lbs of 24K .9999 fine gold (not bullion) that was bought at just less than $500 an ounce a decade or so back.

I don't think I'll be needing a 401k the way the precious metals market is looking.

umm, well, you're in the US, and the Euro could quite possibly collapse (not inevitable but possible) which, if it happened, the dollar would surge in price (we're talking 2-3x its current value) which, will drive the price of gold WAY down.

If i were you, i would sell that **** NOW. (just take the 300% profit while you can) maybe buy some shares of BP stock (its down 50% in the last 2 months, and really can't go any lower... its unlikely the company will go belly up, it has too much value alive to the USG.

just sayin

dwarfcow wrote in post #10388559
umm, well, you're in the US, and the Euro could quite possibly collapse (not inevitable but possible) which, if it happened, the dollar would surge in price (we're talking 2-3x its current value) which, will drive the price of gold WAY down.

If i were you, i would sell that **** NOW. (just take the 300% profit while you can) maybe buy some shares of BP stock (its down 50% in the last 2 months, and really can't go any lower... its unlikely the company will go belly up, it has too much value alive to the USG.

just sayin

Peter Schiff predicted that gold would reach $2,000 an ounce a year ago and it's beginning to look that way. Some have gone further to suggest $3,000 an ounce based on the G10 summits topics of discussion for the better part of this year has been about global currency implementation -- primarily backed by Russia and China.

I don't know what me living in the US to do with the value of gold. The USD is not backed by gold but is simply a legal tender for a debt public and private. The Federal Reserve Act of 1913 was when this all began. If I am missing a variable that I should keep in mind, feel free to educate me.

Gold has always had marginal peaks and valleys and only lately has seen it seen high peaks and with, again, good days and bad days. I am going to be diversifying into palladium as well (seeing as it is presently cheap right now and is the metal used to manifest White Gold). What are your thoughts on that, chum?