Gold Farmer Sues Over Stolen Real-Life Gold

Recommended Videos

Danpascooch

Zombie Specialist
Apr 16, 2009
5,231
0
0
Catalyst6 said:
TheRightToArmBears said:
I'm confused.

Why would anyone buy gold bullion? It seems so pointless.
Gold tends to increase in value, or at least stay constant. This is different from stocks and currency, of course, which can fluctuate wildly over short periods of time.

OT: So, I'm supposed to feel sorry for her? There are gold farmers we're talking about.

I do kind of laugh when thinking about the guy that robbed her. It's not every day that you break into someone's house and find solid gold bars. He must have about fainted.
I thought the exact same thing, I bet that thief wants nothing more than to tell everyone the hilarious story of how he broke into a random house and found a pile of solid gold bars, but he can't because.....well...
 

bushwhacker2k

New member
Jan 27, 2009
1,587
0
0
Darkauthor81 said:
bushwhacker2k said:
coldfrog said:
bushwhacker2k said:
I think I was the most surprised when I learned she was actually successful at gold farming. I mean first of all, isn't that straight out illegal? Secondly, it seems like mostly it doesn't pay that well for a lot of time and effort.

After that, she bought REAL gold? I don't even know what to say, something about comic books or fort knox... whatever.
Gold farming isn't illegal, but it is against the terms of service. Admitting this could allow Blizzard to ban her account.

On the other hand, stealing other peoples' accounts and using them as bots to harvest gold - well, that IS illegal. Of course, it's not necessarily the case that every gold farmer does this, but they're already shady, so I'm not willing to trust that they haven't. Therefore, I kind of hope she doesn't get her money. Unless she really had it stolen and isn't a jerk. In which case, good luck to her!
I see, that makes sense.

I'm half and half. Half of me wants her to get back her stolen property, the other half thinks she probably deserved it for spending money on gold bars (what is she, a super villain?).
Gold is the best investment there is. It never loses value. The problem with investing in the stock market, bonds, etc is that it takes so much time that inflation cuts deep into your profits.

For a rough general example.

In 2000 a loaf of bread cost 1.50. I invested a dollar into the stock market.

In 2010 my dollar has grown to 2.50. Woo. But bread costs 2.00 now. So .50 of my investment just got eaten by inflation because, while I have more money, the money isn't worth as much.

On the other hand. A Toyota Prius costs 12,000 today. Today I bought 12,000 in gold. Then years from now the Prius will sell for 20,000 and I can sell that gold I bought for 20,000 dollars. While the dollar's worth drops like a rock over time, gold doesn't. It will always be worth the same when you sell it as when you bought it.

It use to be the dollar was linked directly to the gold stored in Fort Knocks. A dollar was worth exactly so much gold. The only way it dropped in value was when more gold was available and since gold is one of the rarest metals on earth, that meant the dollar staid at a set value.

Well, at some point, the American government started to spend more money than they were making. To pay for the extra expenses they started to print more money and so the worth of money stopped being backed by gold.

Today the worth of money is purely faith based. You believe it has worth and so it does. When in reality it's not backed by gold. It's not backed by anything in fact other than belief that it's worth something. This makes our money as stable as our faith in it and that my friend, is scary.
Interesting, didn't know that :D
 

VondeVon

New member
Dec 30, 2009
686
0
0
I can understand the desire to have bars of gold just lying around to look at and enjoy... but I CAN'T understand the brain that would think leaving $70+ K lying around the house is a good idea.

I wish there were more details on her insurance. Did she write '70K worth of gold bullion' on the form? There would have been a STEEP fee for such a thing, not to mention the insurance company would have demanded evidence that she was providing some hard core security for them...

If she just tried to claim it under general content, then I don't think she'll win.

And based on the little information, I would have to conclude that she is either a) a crook or b) a moron.
 

ItsAPaul

New member
Mar 4, 2009
762
0
0
Apparently the one person selling gold is the villain instead of the dozens that buy it and would buy from a gold-selling site if they weren't buying it from a person.
 

VondeVon

New member
Dec 30, 2009
686
0
0
danpascooch said:
Catalyst6 said:
TheRightToArmBears said:
I'm confused.

Why would anyone buy gold bullion? It seems so pointless.
Gold tends to increase in value, or at least stay constant. This is different from stocks and currency, of course, which can fluctuate wildly over short periods of time.

OT: So, I'm supposed to feel sorry for her? There are gold farmers we're talking about.

I do kind of laugh when thinking about the guy that robbed her. It's not every day that you break into someone's house and find solid gold bars. He must have about fainted.
I thought the exact same thing, I bet that thief wants nothing more than to tell everyone the hilarious story of how he broke into a random house and found a pile of solid gold bars, but he can't because.....well...
That's weird too. Did he steal anything else or just the bars? Because if he only stole the bars it implies he knew that she had them, which limits the suspects at least. Did she file a report with the police? Surely she must have done, in order to file a claim with the insurance company. More information please!
 

Daelda

New member
Apr 6, 2010
15
0
0
VondeVon said:
That's weird too. Did he steal anything else or just the bars? Because if he only stole the bars it implies he knew that she had them, which limits the suspects at least. Did she file a report with the police? Surely she must have done, in order to file a claim with the insurance company. More information please!
From what I have researched, she claims that a total of $90,000 worth of items was stolen from her house - $75,000 being the gold bars.
 

elvor0

New member
Sep 8, 2008
2,320
0
0
I'd just like to point out to all the people saying "Why did she keep it in her house?" that if I was rich, I would have a room full of money to roll around in, leading into a swimming pool filled with money, and a chair constructed out of a pile of gold.
 
Feb 9, 2011
1,735
0
0
Who keeps 75k in gold bars in their house that's not under lock and key in a safe? That's just irresponsible. I do find it hilarious that a gold farmer got hosed like this. Funny indeed...
 

justnotcricket

Echappe, retire, sous sus PANIC!
Apr 24, 2008
1,205
0
0
Ehh...

While I agree that if her gold was genuinely stolen, then the insurance company should honour her claim...that's what they're going to court over, and hopefully justice will be done etc.

The real issue here is that some fool kept $75000 worth of gold bullion lying around their house. If I'm reading the facts right on goldprice.org, currently ~$75000 of gold bullion is about 1.6kg, which is hardly anything to carry. The stupidity here is that you have a portable item in your house, and that one single item alone is worth $75000.
 

Desert Tiger

New member
Apr 25, 2009
846
0
0
olfelix said:
Rarely does a story make me go "huh?". But this one certainly does... here has to be an appropriate Xzibit "we heard you like gold, so we?" joke in here somewhere...
YO DAWG. WE HEARD YOU LIKE GOLD SO WE BOUGHT SOME GOLD WITH YOUR GOLD SO YOU CAN LOOK AT YOUR GOLD WHILE YOU FARM GOLD.

Had to be done.
 

Thaluikhain

Elite Member
Legacy
Jan 16, 2010
19,538
4,128
118
Darkauthor81 said:
Today the worth of money is purely faith based. You believe it has worth and so it does. When in reality it's not backed by gold. It's not backed by anything in fact other than belief that it's worth something. This makes our money as stable as our faith in it and that my friend, is scary.
Eh...that's always been the case (at least to an extent), even when it was backed by gold. Gold, in of itself, has very little intrinsic value, it's only the value that people have artificially placed upon it (ok, moreso and in a weirder way than most commodities) that makes it valuable, surely? When it comes down to it, it's just a softer yellow metal.
 

VondeVon

New member
Dec 30, 2009
686
0
0
Daelda said:
VondeVon said:
That's weird too. Did he steal anything else or just the bars? Because if he only stole the bars it implies he knew that she had them, which limits the suspects at least. Did she file a report with the police? Surely she must have done, in order to file a claim with the insurance company. More information please!
From what I have researched, she claims that a total of $90,000 worth of items was stolen from her house - $75,000 being the gold bars.
(Grins)

Right. Because after carrying out a back-breaking armload of gold bars, obviously you've gotta go back in for the tv and the xbox. :D