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Comment Re:Diamonds have subjective cut, color, clarity. D (Score 1) 335

Gold comes in 10k, 14k, 18k, 24k, rose gold, white gold, etc. So What's your point about diamond's subjective qualities again? Would you know the difference between 14k and 18k gold without test equipment/chemicals? What about gold bars that are fake? You know, the ones where just recently, the Chinese coated tungsten bars with 10 thin layers of Gold on the outside and someone discovered that the gold bars were 90% Tungsten after they drilled with a drill bit past the first few layers? Now all the gold bugs are scared shitless that most of the Chinese gold bars might be 90% fake! No one had the balls to dare to drill all the other gold bars circulating the world since the gold bugs now realize it would destroy their entire gold supply if in fact most of the gold bars are fakes. Back to the Tungsten point. It never ceases to amaze me all the stupid shit people post, especially with those that have never worked on something claiming to be subject matter experts. Tungsten is ground into a powder, like flour, then it is melted in casts to make parts. And yes, Tungsten powder is used to make rockets, airplane parts and nuclear missiles used by the US military. So you are spewing complete BS none-sense with your claims of Tungsten. If you really want to see first hand how powerful tungsten powder forms into a solid metal go to your nearest wedding store and check out Wedding bands made of Tungsten and try to break or scratch one and you'll realize only Diamonds can cut Tungsten.

Comment Re:Gold has value because it doesn't corrode, it l (Score 1) 335

So enlighten us why not hold diamonds? They are shiney and last forever too. Why not plutonium? It too is a extremely rare element and will boil water for you for the next 10+ million years without the need for fossil fuels? Tungsten , can't be bent? You must be one of those armchair full of shit engineers. Have you ever shaken an incandescent light bulb and seen that black filament wiggle? That is Tungsten in case you didn't know what Tungston was even used for.

Comment Re:A golden riddle (Score 1) 335

Another point I forgot to mention was the same central banks/quants never saw the housing bubble either causing many banks to completely collapse. As a matter of fact Bank of America is a zombie bank with ungodly liabilities. If the shit hits the fan one day, like a nuclear bomb in Manhattan, no amount of gold or money could stop BofA or any bank from going completely under. The Fed printed tons of Dollars and took rates down to zero to artificially buy the banks lots of time before the reaper comes in to take their souls away. If you think some banker is smarter than some survivalist out in the woods, my friend you have been drinking the spiked CoolAid from the same punch bowl the bankers drink from.

Comment Re:A golden riddle (Score 1) 335

There is no riddle to solve. The central banks refuse to believe in a total collapse of their created fiat currency but they use Gold to hedge currency fluctuations. Let me put it to you this way, if shit hits the fan most people go into survival mode just like when a hurricane is about to strike. The last thing anyone gives a flying fuck about is gold. The first thing they think about is getting safe shelter, food and water and boarding up their belongings hoping to minimize the losses.

Comment $100 million (Score 4, Interesting) 95

Since when did it start to cost $100 million to administer a test??? The schools are out of freaking control and are gouging the life out of property taxes. It's time we end the fiasco and do 100% online virtual schools or fire the union, pension hoarding teachers and replace them with robots or TV's. In today's day and age, there is no reason why they can't record all the lectures into video format and play them back. As far as tests are concerned, every kid should get a different randomized test in front of a computer with a time limit. It's time we put our foot down and end the waste of tax dollars on old bureaucratic nonsense.

Comment LAPD Chopper parody to Host Chopper (Score 1) 160

Too bad "Host Chopper" is no longer around as it was a hilarious parody about a hosting company with a fucking chopper, I guess someone should create a LAPD Chopper parody since all they're doing is delaying the crime, not actually stopping it. As soon as the chopper is gone the criminals go on a rampage.: Here's a link to some of the content host chopper used to have: http://laughingsquid.com/host-...

Comment Re:See mom? (Score 1) 113

According to my speculation he likely had $150,000,000 ($150 million dollars) since that sized account would be able to come close to hitting $15 billion dollars in trading per year. Please note that if you factor in T+3 days to settle funds between trades he likely traded less than 100 times in a 365 day cycle. so from this number we can safely speculate that his real gain could have been 33%. While impressive for a trader, he definitely did not beat the market since the market went up by 57% so he traded like a mad man trying to play games in the market only to have the market beat him by a whopping additional 24%!

Comment Re:See mom? (Score 1) 113

The article suggests he started with 10,000 a decade ago. If he did that, then he's impressive.

I see no mention of the $10,000 anywhere in this article. Actually the article does not state how much money he had to trade with so unless you have a source we have no idea how big the account was. According to my speculation he likely had $150,000,000 ($150 million dollars) since that sized account would be able to come close to hitting $15 billion dollars in trading per year. Please note that if you factor in T+3 days to settle funds between trades he likely traded less than 100 times in a 365 day cycle.

Comment Re:See mom? (Score 1) 113

This is almost certainly wrong. You don't need $15B to make $15B in total turnover. He could be buying and selling hundreds of times a day, or tens of thousands of times a year, rolling over the same money.

You must factor in the time settlement of funds. Even as a day trader or HFT trader, you are subject to the T+3 day settlement rule . So if he only had a small trading account with $1,000,000 ($1 Million) dollars he would be able to trade that entire $1 million dollars less than 100 times per year with that amount of money due to the T+3 funds settlement rule. So if you do the math, it would not add up to $15 billion in volume.

Actually, we can speculate that he likely had a trading account with $150,000,000 ($150 million dollars) since that sized account would be able to come close to hitting $15 billion dollars in trading so from this number we can safely speculate that his real gain could have been 33%. While impressive for a trader, he definitely did not beat the market since the market went up by 57% so he traded like a mad man trying to play games in the market only to have the market beat him by a whopping additional 24%!

Comment Re:A direct quote from Warren Buffett (Score 1) 113

ummmm, I really hate it when anyone makes stupid generalizations without explaining anything. Te whole point of trading, finding winners. How do you know you have a winner or just bought a falling knife? BTW, Buffet does use price targets almost every-time. As a matter of fact Buffet has been known to wait 15 years to buy a stock at the right price just to ensure he's not overpaying. Obviously you've never studied how he buys stock so you're just spewing complete garbage.

Comment Re:See mom? (Score 3, Interesting) 113

Percentage wise he made less than 0.40%!!! The Nikkei stock exchange went up 57% in 2013 in Japan but he only made 0.40% (yes, you see that correctly, less than half of one percent) so no I will not back down from my statement that he is an idiot with ADD. The article does not state how big his trading account is so I had to use the $15 billion total figure for my calculation but nonetheless I'm safely assuming that he must be trading with a few hundred million dollars alone to reach trillions in trading volume.

Comment See mom? (Score 1, Flamebait) 113

He sounds like a kid with serious ADD trading stocks just to kill time and pretend that he actually knows what the hell he's doing. The market in Japan is up, only an idiot could lose money in a up year. Let's see how well he does when the big boys cash out of the musical chairs games at lightning speed with their HFT algorithms and leave him and the rest of the Muppets holding the bag.

What is algebra, exactly? Is it one of those three-cornered things? -- J.M. Barrie

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