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This GOLD caper is well above my paygrade
I just can't see any sense in it other than "Just another Ponzi Scheme "
Exactly the Same as Bitcoin except that Bitcoin may in time have a Global Relevance
The U-Toob bot watches what we post in the "Goold Heading" thread and then slays the other billion investors with catch up vids from so-called experts. Where we go, there goes GOOGLE and all the others.Gee, I'm getting a lot of videos in my YouTube feed about physical gold and silver holdings, supply issues and that paper gold is in serious trouble. All increasing over the past few weeks. I'm not sure if it's the algo picking up that I'm watching them, so it's feeding me more, or if there's just more.
Thanks @greggles .This is The Lydian Gold Coin, also famously known as "Croeseid". It was first minted around 550 BCE by King Croesus in ancient Lydia, modern-day Turkey, and was the first gold coin ever made.
Gold has been a store of wealth and a medium of exchange for over 2,500 years. That's the opposite of a "fad" or "Ponzi scheme". Every other currency (other than silver) has gone the way of the Dodo. But gold is still here, still growing in value, and still eagerly sought by peasants, pirates and Kings alike as a way of hoarding wealth. It isn't going anywhere.
View attachment 193001
8888 and 8899 ... how many numberplates with those numbers do you see?Once gold gets through $3000 the Chinese cousins both in the Central bank and Retail will buy it as if there were no tomorrow. As members may be aware they do attribute good and bad luck to numbers. There may be a pause at $3240 and $3400 followed by retracements and again a major pause at $4000 with significant profit taking.
Three and four are significant, 3 for good fortune and 4 for bad. Please don't get too involved with the ins and outs of Chinese small numbers as the Chinese cousins though numerous are not the only nationality trading gold in large quantities. I would imagine though that there will be a significant price rise of short temporal duration between $3300 and $3399.
The following paragraphs are from a trusty Feng Shui site, on numbers.
Chinese Lucky Numbers and Unlucky Numbers
Chinese Lucky Numbers and Unlucky Ones - Do you know the meaning behind them or you already using the auspicious ones for your house and car?fengshuibeginner.com
Three
Three is considered as a positive and meaningful number as its pronounced as “lively”, thus the attributes of growth and eternity are linked to this number. A favourite magical Feng Shui symbol comprises of placing three coins under a healthy plant in order to nourish wealth. Three is assigned to human beings.
Four
In the East, four is being labelled as the most negative number and to be avoided at all cost because the pronunciation of “four” sounds like the word “death”.
Some number combinations to avoid
24: It is easy to die
74: Go and die
174: Die together
End.
This post will be subsumed quickly as gold becomes more attractive to doormen and taxi drivers and posts become more numerous but I thought it worth mentioning for the benefit of those members with an interest in "Where gold is heading".
gg
Once gold gets through $3000 the Chinese cousins both in the Central bank and Retail will buy it as if there were no tomorrow. As members may be aware they do attribute good and bad luck to numbers. There may be a pause at $3240 and $3400 followed by retracements and again a major pause at $4000 with significant profit taking.
Three and four are significant, 3 for good fortune and 4 for bad. Please don't get too involved with the ins and outs of Chinese small numbers as the Chinese cousins though numerous are not the only nationality trading gold in large quantities. I would imagine though that there will be a significant price rise of short temporal duration between $3300 and $3399.
The following paragraphs are from a trusty Feng Shui site, on numbers.
Chinese Lucky Numbers and Unlucky Numbers
Chinese Lucky Numbers and Unlucky Ones - Do you know the meaning behind them or you already using the auspicious ones for your house and car?fengshuibeginner.com
Three
Three is considered as a positive and meaningful number as its pronounced as “lively”, thus the attributes of growth and eternity are linked to this number. A favourite magical Feng Shui symbol comprises of placing three coins under a healthy plant in order to nourish wealth. Three is assigned to human beings.
Four
In the East, four is being labelled as the most negative number and to be avoided at all cost because the pronunciation of “four” sounds like the word “death”.
Some number combinations to avoid
24: It is easy to die
74: Go and die
174: Die together
End.
This post will be subsumed quickly as gold becomes more attractive to doormen and taxi drivers and posts become more numerous but I thought it worth mentioning for the benefit of those members with an interest in "Where gold is heading".
gg
You have to get past $4444 first, and thats really bad!Numerology is basically absurd nonsense. There actually is a little bit of basis to it in some contexts, but the Chinese absurdity you're describing is completely stupid.
We're a long way away, but $8888 will be a big one when it gets there!
You have to get past $4444 first, and thats really bad!
Mick
Thanks for the insight on numbers "on the ground, or higher" for the Chinese cousins @Sdajii . I never realised the re-numbering was so pervasive as I haven't been to China since QE2 ruled the New Territories and I ventured around about the border when Mao was still wooting any skirt or troos that moved with a little red book.Numerology is basically absurd nonsense. There actually is a little bit of basis to it in some contexts, but the Chinese absurdity you're describing is completely stupid.
But, it's very relevant, because you have billions of Asians and even a few non Asians who believe in 3 being good, 4 being bad, 8 being good, etc, which makes it relevant. I'm in Asia most of the time, and while I've never been to China, I constantly see things like building floors 4, 14, 24 being labelled as 3B, 13B, 23B etc. (I find it funny when 14 is relabelled as a 'more lucky' number 13).
When you have literally billions of people believing in something which will guide their decisions, no matter how ridiculous it is, it's relevant to us. Asians are extremely superstitious and this guides their decisions particularly heavily when it comes to anything to do with what they do with money. In most of Asia, gold is very heavily coveted. It hadn't occurred to me that US$3,000 would be so relevant in this way, or that $4,000 may actually prove to be significant resistance, but once pointed out, I can clearly see it - being based in Asia myself it's impossible not to see once you see it, it's surprising I didn't join those dots for myself.
$4,000 being a tricky resistance level isn't a big problem when buying/holding around $3,000. Might set $3,887.99 as my new target!
We're a long way away, but $8888 will be a big one when it gets there!
Numerology is probably no more nonsense than a lot of other superstitions, like religions, astrology or modelling.Numerology is basically absurd nonsense. There actually is a little bit of basis to it in some contexts, but the Chinese absurdity you're describing is completely stupid.
But, it's very relevant, because you have billions of Asians and even a few non Asians who believe in 3 being good, 4 being bad, 8 being good, etc, which makes it relevant. I'm in Asia most of the time, and while I've never been to China, I constantly see things like building floors 4, 14, 24 being labelled as 3B, 13B, 23B etc. (I find it funny when 14 is relabelled as a 'more lucky' number 13).
When you have literally billions of people believing in something which will guide their decisions, no matter how ridiculous it is, it's relevant to us. Asians are extremely superstitious and this guides their decisions particularly heavily when it comes to anything to do with what they do with money. In most of Asia, gold is very heavily coveted. It hadn't occurred to me that US$3,000 would be so relevant in this way, or that $4,000 may actually prove to be significant resistance, but once pointed out, I can clearly see it - being based in Asia myself it's impossible not to see once you see it, it's surprising I didn't join those dots for myself.
$4,000 being a tricky resistance level isn't a big problem when buying/holding around $3,000. Might set $3,887.99 as my new target!
We're a long way away, but $8888 will be a big one when it gets there!
Missing floors in buildings too and room numbersIn Chinese culture, "homophone numbers" refer to numbers that sound similar to other words, giving them additional meanings based on pronunciation; for example, the number "8" (bā) sounds like the word for "wealth" (fā), making it a very auspicious number in Chinese culture.
Key points about homophone Chinese numbers:
- Lucky Numbers:
Numbers like 2 (balance), 8 (wealth), and 9 (longevity) are often considered lucky due to their homophones.
- Unlucky Numbers:
The number 4 (sì) is considered unlucky because it sounds similar to the word for "death" (sǐ).
- Cultural Significance:
This phenomenon is deeply ingrained in Chinese culture, influencing how people interpret numbers in everyday life, such as choosing phone numbers or dates.
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