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Memento posted:Mostly these are gold exploration companies, they're actually ramping things up. The gold price is nearly as high right now as it was during the insane boom in the early 2010s. I have the impression the boom of the early 2010s was fueled by Paulites and tea party types but I assume they were only part of the demand... right?
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May 8, 2020 06:04
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It looks like the US administration has had a falling out with the Royal family in the KSA. Twitter is saying PATRIOT being pulled, larger military presence meant to deter Iran apparently being canx’d. Whoops sorry thought this was GiP CE thread. LtCol J. Krusinski fucked around with this message at 07:22 on May 8, 2020 |
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May 8, 2020 07:18
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The gold price in the early 2010s was driven by demand for electronics, especially the boom in smartphones, plus demand from the explosion in spending power from the middle classes in China and India seeing huge growth as well. The Chinese government pumped literal trillions of dollars into their economy in the form of building projects that mostly sit empty to this day, and they used a lot of Indian steel as well. Gold is a status symbol in those countries and the biggest consumer of gold to this day is the Indian middle class. Currently the price increase is because gold is seen as a refuge investment in times of trouble. It jumped 6% in the space of a day when the US schwacked that Iranian general and apart from a dip in mid-April it's been going up since. Memento fucked around with this message at 07:27 on May 8, 2020 |
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May 8, 2020 07:24
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I got a few ounces of gold when it was $1080ish. I sold them when I moved to Portland and did pretty good, but I would have been happier if I held onto them. Right now is a decent time to sell gold, mediocre time to buy. Don't buy a bubble, friends. I wish palladium would go back up to $2700. I don't have a lot but almost tripling something doesn't happen often. gently caress me, I wish had a few dozen Bitcoins for when it went from something like 3k to 18k. Some millionaires got made by that rare event. I'd bet plenty of goons made a killing on that.
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May 8, 2020 08:42
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Captain Log posted:I got a few ounces of gold when it was $1080ish. I sold them when I moved to Portland and did pretty good, but I would have been happier if I held onto them. Right now is a decent time to sell gold, mediocre time to buy. Don't buy a bubble, friends. I was laughing about Bitcoin when it was a dollar. If only I knew then what I know now 
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May 8, 2020 09:04
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LibCrusher posted:I was laughing about Bitcoin when it was a dollar. If only I knew then what I know now  
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May 8, 2020 09:06
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Shooting Blanks posted:I wasn't aware there was a gold boom. Welp. Welp? Don't be like that friend, it is taking the sting out of the guys still onsite keeping production running flat out that they get a 50% salary bonus for the duration of being stuck onsite. And not kidding about boom times, I feel absolutely no sense of job insecurity at the moment even as I sit stuck offsite on full salary. Old mines are being started up, new projects are being pushed through development and existing plants being expanded. Only threat is transport of people and the worry about critical vendors going under as the rest of their market collapses so they stop making an irreplaceable widget for a big machine. Good point on new light vehicles (LV) being diverted, I was always leary of how hard village chiefs and the like push for LVs from us and hate how we fold over sometimes but this is something I can remind them of.
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May 8, 2020 10:09
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It’s really really hard to get large amounts of cash dollar money out of bitcoin. Stupidly hard. And prices and value have no correlation because there is a ton of bullshit in the “market”. It’s a black box money scheme, no matter what anyone says. I don’t care if someone with a math degree and an economics degree and a finance degree can comprehend and make sense of the black box in theory, it’s a goddamn black box.
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May 8, 2020 11:24
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The fact that people were selling drugs for Bitcoin seems to suggest that it's to some degree possible though, no? That's a real-ish economy making nontrivial revenues and at some point a drug dealer probably wants to have some real money in hand for his stuff.
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May 8, 2020 11:36
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aphid_licker posted:The fact that people were selling drugs for Bitcoin seems to suggest that it's to some degree possible though, no? That's a real-ish economy making nontrivial revenues and at some point a drug dealer probably wants to have some real money in hand for his stuff. It probably was during the bubble when they were successfully luring suckers into dumping real money into it with promises that they could sell it to bigger suckers later (and you 99.9% would have been one of these suckers getting cleaned out in the dumps, FYI). But that ended pretty quickly, hence the gigantic crashes and transition to the tether pump/dump schemes. The drug market was also a sideshow compared to the RMB to USD laundering + tax evasion scheme. Lotta rich Chinese guys converted piles of electric bills in bumfuck nowhere China into foreign currency elsewhere. Warbadger fucked around with this message at 12:16 on May 8, 2020 |
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May 8, 2020 12:10
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Koesj posted:Yeah they do. They’re also in JVs with most large retail chains in the UAE IIRC as well since any local operation needs 51% local ownership. See for example IKEA Franchisees and whatnot. Technically those guys are distributorships or importers as opposed to dealerships, which basically means they have relatively more power and autonomy. Toyota just sells em poo poo and lets them use the logo.
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May 8, 2020 12:55
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AlexanderCA posted:Mikoyan Gurevich the XVth is a mouth full, so to get his attention quickly I call out his nickname. Oatmeal is really painful when snorted, you rear end in a top hat.
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May 8, 2020 14:28
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Electric Wrigglies posted:Welp? Don't be like that friend, it is taking the sting out of the guys still onsite keeping production running flat out that they get a 50% salary bonus for the duration of being stuck onsite. That was a reflection on me, not anyone else. I'm sorry for being a dick, I didn't mean it that way.
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May 8, 2020 14:37
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Bitcoin is stupid hard to cash out right now. There was some goon in one of the financial threads a while ago who knew someone who had to unload high six figures last year, when there was still some demand, and it had to be dribbled out over months and months. If it stays high l, whatever, but you’re kind of stuck if it nosedives. Look up some graphs of the trade volume. That’s what you really need to track to figure out how easy it is to liquidate an asset.
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May 8, 2020 14:46
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Cyrano4747 posted:Bitcoin is stupid hard to cash out right now. There was some goon in one of the financial threads a while ago who knew someone who had to unload high six figures last year, when there was still some demand, and it had to be dribbled out over months and months. If it stays high l, whatever, but you’re kind of stuck if it nosedives. People getting huge capital gains/spikes in their income and not saving any cash back to pay the taxes has provided some great fodder for the Bad With Money thread in BFC.
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May 8, 2020 15:09
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Even better are the ones who day trade and generate six figures worth of taxable events.
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May 8, 2020 15:16
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How does a TOW work? if you were under the missile's flight path could you literally follow the wire back to the launcher? Can the wire snag on something?
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May 8, 2020 17:20
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Yes, and an unlikely scenario but yes. In theory you could drive a very high sharpened clotheshanger between the missile and launcher and conduct a post-launch-abort. In reality this is ACME Corp level missile defense.
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May 8, 2020 17:36
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Valtonen posted:In reality this is ACME Corp level missile defense. Meaning that the MIC probably spent somewhere in the Eight-to-Nine Figgies range trying to make it work in the 1950s-1980s?
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May 8, 2020 17:42
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Pretty sure there's one of the videos out of Syria of the TOW wires landing on power lines and arcing. It's after missile's flight ended though, iirc.
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May 8, 2020 17:44
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The W in TOW now stands for “wireless-guided” rather than “wire-guided.” E: of course loads of legacy wired TOWs are still in circulation. mlmp08 fucked around with this message at 17:52 on May 8, 2020 |
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May 8, 2020 17:48
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Valtonen posted:Yes, and an unlikely scenario but yes. In theory you could drive a very high sharpened clotheshanger between the missile and launcher and conduct a post-launch-abort. Would love to see a Super Genius try this!
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May 8, 2020 18:12
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It still boggles my mind that there’s enough wire in those things to reach the target.
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May 8, 2020 18:15
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Bitcoin has a lot of inherent problems from the fact that the guy who invented it was a genius cryptographer, but a moron when it comes to monetary economics. Which is true of cryptocurrency enthusiasts generally as they are mostly former (or current) goldbugs. Since bitcoin is mostly used for money laundering, contraband, and evading capital controls, and is designed to be inherently deflationary, its volatility with respect to the real economy as a whole is very very bad. But it remains more or less the best available option if you're in Venezuela or China or some other country with bullshit monetary restrictions and you're trying to move your assets out of the country. The basic idea behind cryptocurrency is creating a decentralized payment scheme that doesn't rely on the government or the banking system, but it turns out that most of the time the stuff the government and banking system do for you in terms of not having all your poo poo stolen and maintaining stable price levels is pretty handy.
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May 8, 2020 18:22
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TK-42-1 posted:It still boggles my mind that there’s enough wire in those things to reach the target. The Russians used a spider. 
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May 8, 2020 18:28
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Warbadger posted:It probably was during the bubble when they were successfully luring suckers into dumping real money into it with promises that they could sell it to bigger suckers later (and you 99.9% would have been one of these suckers getting cleaned out in the dumps, FYI). But that ended pretty quickly, hence the gigantic crashes and transition to the tether pump/dump schemes. That is very cool/interesting, thanks!
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May 8, 2020 18:34
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Mortabis posted:Bitcoin has a lot of inherent problems from the fact that the guy who invented it was a genius cryptographer, but a moron when it comes to monetary economics. Which is true of cryptocurrency enthusiasts generally as they are mostly former (or current) goldbugs. It wasn't originally intended to be a viable currency or commodity or whatever the current belief is. And the guy who probably invented it died a couple of years ago, having never cashed out. It's still a huge ponzi scheme, and you have a better chance of losing all your "investment" due to a scam or glitch or hard drive failure than actually cashing out a meaningful profit. The GBS thread currently has one true believer who's great success was buying a base model PS4 with his "profit."
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May 8, 2020 19:08
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Mortabis posted:the guy who invented it was a genius cryptographer Mortabis posted:more or less the best available option if you're in Venezuela or China or some other country with bullshit monetary restrictions and you're trying to move your assets out of the country. (USER WAS PUT ON PROBATION FOR THIS POST)
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May 8, 2020 19:34
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Most people I've talked to who are true believers in cryptocurrency tend to support it because of the *US's* monetary policies, i.e sanctions on Venezuela and so on. Not because China and Venezuela have those restrictions. On twitter from what I've seen, it's more of a proxy for anarcho beliefs, not because of some vague utility, which when you delve into their reasons almost always seem to be criminal.
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May 8, 2020 20:41
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priznat posted:Would love to see a Super Genius try this! Can a samurai with a sword deflect a wire-guided missile? Next time on Mythbusters
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May 8, 2020 22:26
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FuturePastNow posted:Can a samurai with a sword deflect a wire-guided missile? Next time on Mythbusters probably would put the B squad on it
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May 8, 2020 22:56
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https://twitter.com/PFTompkins/status/848982344111280130
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May 8, 2020 23:48
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Phanatic posted:Were they? That'd seem like the worst possible operating grounds for aircraft carriers. Very easy for missile boats to sneak up on you and launch missiles from way too close to do anything about, no big expanse of ocean for the carrier to hide in. How do you even sustain wind over the deck to launch and recover aircraft when your maneuvering room is constrained by being in a fjord? I have seen several articles about US Carriers in the fyords, but of course the links are dead, the most recent link is this: https://www.thedrive.com/the-war-zone/32993/fighting-world-war-iii-in-a-fjord-and-chasing-soviet-submarines-in-the-s-3-viking The author refers to the Vestfjord as a carrier bastion. I half-remember someone who claimed to be ex-Soviet naval aviation pilot saying that they had to hit the carriers before they got into place in Norway. The best I can think of is that the mountainous terrain around the fjord permitted the carrier to hide from submarines and radar reconnaissance, leaving only visual reconnaissance as a way to find them. Of course, if Norway was still under NATO control, a visual reconnaissance airplane would have a hard time surviving long enough to find the carrier.
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May 8, 2020 23:52
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That's, uh, wow
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May 9, 2020 04:03
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TK-42-1 posted:It still boggles my mind that there’s enough wire in those things to reach the target. Most modern heavyweight torpedos are still inherently wire guided. They'll have their own passive and active sensors but theres like 30 miles of wire there too. Mazz fucked around with this message at 04:43 on May 9, 2020 |
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May 9, 2020 04:39
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This may be too :opsec: so feel free to tell me to stfu but whats the limiter on the speed of a modern torpedo or tow then? The strength of the wire/cable or propulsion or controllability of the weapon at speed or just fuel/propellant consumption rate to get the weapon moving faster?
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May 9, 2020 05:05
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Stravag posted:This may be too :opsec: so feel free to tell me to stfu but whats the limiter on the speed of a modern torpedo or tow then? The strength of the wire/cable or propulsion or controllability of the weapon at speed or just fuel/propellant consumption rate to get the weapon moving faster? I don't know about TOW, and really I don't know about torpedoes but I believe that the main limiting factor on torpedo speed is drag although I suppose a more energy dense propellant and stronger torpedo body could yield faster speeds without entering the realm of super cavitation. Some cursory google searching to refresh my memory says that you can do like 230mph with a supercavitating torpedo Russian VA-111 Shkval. For comparison here is the US Mark 48 clocking in at greater than 32mph officially or 63mph estimated with boring normal propellant and normal drag limitations. Google also tells me that Germany, Iran, and the US have some supercavitating torpedoes but I don't think they are operational and probably there isn't the funding or need to really make them operational for any of those except the Iranians. fake edit: yes I used mph instead of knots
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May 9, 2020 07:29
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The Spearfish is thought to be able to exceed 80 knots, but 80 is just the nice round "suspected figure" they're comfortable with. It's also not as long-legged as the newest ADCAPS.
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May 9, 2020 07:34
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A supercavitating torpedo definitely needs a wire-guide, it would be extremely difficult if not impossible to use a seeker through the gas envelope.
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May 9, 2020 07:37
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wiegieman posted:A supercavitating torpedo definitely needs a wire-guide, it would be extremely difficult if not impossible to use a seeker through the gas envelope. The Shkval was initially designed to do one thing - get a nuclear warhead into a carrier, or at the very least, somewhere inside the formation of a CVBG. Accuracy didn't matter all that much, nor did the survival of the launch platform. Any newly-developed supercavitating torpedo would need to have a two-stage design of sorts - a lower-speed launch and guidance phase, and the high-speed sprint to target once a hit is near-certain, somewhat like a few of the older/newer Russian AShMs. That's the only way you're going to sell them to militaries that don't view their submarines as disposable assets.
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May 9, 2020 07:51
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