Podcast for 5-9-2011

[MrBogosity]

Play the Podcast

News of the Bogus:

• Pwnage Olympics winner, Best Parody: Goxster http://www.youtube.com/watch?v=FHhzC53570A
• Gravity Probe B confirms two Einstein theories http://www.physorg.com/news/2011-05-gravity-probe-einstein-theories.html
  
  • Andrew Inns and Malcolm Bowden: Geocentric Proof - An Introduction from Redsky http://www.youtube.com/watch?v=quUpQLtKEB8
• Virgin Galactic reaches key milestone in latest test flight http://www.latimes.com/business/la-fi-virgin-galactic-20110505,0,7982758.story

Biggest Bogon Emitter: Federal Reserve Chairman Ben Bernanke http://www.marketwatch.com/video/asset/bernanke-fed-cant-do-much-about-gasoline-prices-2011-04-27/1BBC868A-BDC9-45A8-A2E4-DEE095DA67B7

• Mark Brandly's calculation: http://mises.org/daily/5255/Another-Reason-to-End-the-Fed
  
• Historical gold prices: http://www.kitco.com/charts/historicalgold.html

Silver Cluon Award: John Papola and Russ Roberts http://econstories.tv/2011/04/28/fight-of-the-century-music-video/

Idiot Extraordinaire: Alex Jones http://youtu.be/3g30VCl_cgk

• My rebuttal: http://youtu.be/arBLUCO8_gM

This Week's Quote: "Hey, I don't want to get abusive here, because that creates enemies. On the other hand, you're already my enemy, so what the hell, you murdering lump of slime!" —Pat Condell, to Osama bin Laden

[Travis Retriever]

Glad to hear this much good news in the "News of the Bogus" today.

By the way, Shane.  I've been meaning to ask you for weeks now.  Why do you usually release the podcasts a day before the marked date (e.g. you released this one on 5/8/11 instead of the marked date of 5/9/11)?

[Travis Retriever]

Regarding the price of gas according to that Mises Article.
As I read that, I kept thinking, "what would the price of gas be in terms of gold?" *hears the part about you calculating it relative to gold*
Holy crap that would be cheaper! O.o

[MrBogosity]

Glad to hear this much good news in the "News of the Bogus" today.

By the way, Shane.  I've been meaning to ask you for weeks now.  Why do you usually release the podcasts a day before the marked date (e.g. you released this one on 5/8/11 instead of the marked date of 5/9/11)?

Just to be sure. It's also a time zone thing. It's already the 9th in Guam.

[AnCap Dave]

Hmm....that gas thing really makes sense when you think about it. I thought all this shit going on in the Middle East was the primary factor for gas prices being so high, but then again it's basic economics to reveal the, at this point, obvious truth.

[Travis Retriever]

OK, just for the heck of it, I found the average yearly change in price of gold and silver during the last several years now, using the data provided by Shane's chart source.

For gold, I started around 2001 (price around $270/ounce), and ended off with present day (price around $1510/ounce).  This gave a change in time of about 10 years, for an average price increase in the price of gold of 18.8%.

For silver, I started around 2003 (price around $5/ounce), and ended off with the present day (price around $45/ounce), for a change in time of 8 years.  This yielded an average yearly price increase in the price of silver of 31.6%.

So my question to you, Shane, is this.  Should I be kicking myself for not yet having the money to buy gold and sliver?

*EDIT*  Sources used for figures:  http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx and http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx

[Toderoc41]

Ciao ragazzi! No I'm not really italian fear not ). I just wanted to drop a quick line right here and point out how awesome it is that I've come accross this particular thread, it is really astounding piece of content material and it also was precisely what I was looking for.

[Virgil0211]

Ciao ragazzi! No I'm not really italian fear not ). I just wanted to drop a quick line right here and point out how awesome it is that I've come accross this particular thread, it is really astounding piece of content material and it also was precisely what I was looking for.

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