Tinker:
Some people have no sense of value. That somehow only the image of a green dollar bill becomes the only bottom line to their understanding of what the true value of money is. Real life of course shapes the true value of our everyday life. Gold buried inside the earth is still unrefined. Then the purity of that metal is purified from the other dirt and rocky chemical that is mixed from mining the gold.
en.wikipedia.org/wiki/Gold
Chemically, gold is a transition metal and a group 11 element. ... A total of 171,300 tonnes of gold have been mined in human history, according to GFMS as of 2011.
Its high malleability, ductility, resistance to corrosion and most other chemical.
| Appearance | |
|---|---|
metallic yellow |
|
| General properties |
Investment
Full resolution (SVG file, nominally 897 × 549 pixels, file size: 172 KB)
This image rendered as PNG in other sizes: 200px, 500px, 1000px, 2000px.
Gold price per gram between Jan 1971 and Jan 2012. The graph shows nominal price in US dollars, the price in 1971 and 2011 US dollars
Many holders of gold store it in form of bullion coins or bars as a hedge against inflation or other economic disruptions. However, the economist Martin Feldstein does not believe gold serves as a hedge against inflation or currency depreciation.[35]
The ISO 4217 currency code of gold is XAU.
Modern bullion coins for investment or collector purposes do not require good mechanical wear properties; they are typically fine gold at 24k, although the American Gold Eagle and the British gold sovereign continue to be minted in 22k metal in historical tradition, and the South African Krugerand, first released in 1967, is also 22k.[36] The special issue Canadian Gold Maple Leaf coin contains the highest purity gold of any bullion coin, at 99.999% or 0.99999, while the popular issue Canadian Gold Maple Leaf coin has a purity of 99.99%.
Several other 99.99% pure gold coins are available. In 2006, the United States Mint began production of the American Buffalo gold bullion coin with a purity of 99.99%. The Australian Gold Kangaroos were first coined in 1986 as the Australian Gold Nugget but changed the reverse design in 1989. Other popular modern coins include the Austrian Vienna Philharmonic bullion coin and the Chinese Gold Panda.
Price
In late 2009, gold markets experienced renewed momentum upwards due to increased demand and a weakening US dollar. On December 2, 2009, Gold reached a new high closing at $1,217.23.[119] Gold further rallied hitting new highs in May 2010 after the European Union debt crisis prompted further purchase of gold as a safe asset.[120][121] On March 1, 2011, gold hit a new all-time high of $1432.57, based on investor concerns regarding ongoing unrest in North Africa as well as in the Middle East.[122]
Since April 2001 the gold price has more than quintupled in value against the US dollar, hitting a new all-time high of $1,913.50 on August 23, 2011,[123] prompting speculation that this long secular bear market has ended and a bull market has returned.[124]
Tinker:
People seem to think that they are worth the amount of money that they have according to how much money they have in their pockets, and bank account. If the price of what a dollar buys in today consumer market becomes in reality inflated more then what a dollars is worth. Then the dollar that is in their pockets is devalued in purchasing power, losing value.
So people should be very conscience of what the true value of money, people, property, consumer goods, and things really are worth in reality. Don't you think?
But heaven forbid true value has become a total mystery to a lot of people who don't have a clue. After all of that background into a sense of true value. I'm going back to what I wanted to say to begin with. Do you want to play by the rules, or don't you. What's in your wallet?
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NCAA exec: Change is needed
Updated: February 28, 2013, 8:01 PM ET
Associated Press
Has Miami Suffered Enough?
Greg Cote and Andy Katz discuss the NCAA's handling of its probe into Miami's athletic department.Tags: Donna Shalala, Greg Cote, Andy Katz, Nevin Shapiro, College Sports, OTL, Outisde The Lines
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Less than a week after NCAA president Mark Emmert got a vote of confidence from the executive committee, Simon insisted no one in a position of power within the governing body is ready to push for a new president.
“ The committee, by and large, understands that this is a very messy and complex business. What the Miami case showed was that there is an embedded culture and set of processes and approaches that need to be changed."The committee, by and large, understands that this is a very messy and complex business," Simon, Michigan State's president, said in a telephone interview Thursday with The Associated Press. "What the Miami case showed was that there is an embedded culture and set of processes and approaches that need to be changed."
” -- Executive committee chairwoman
Lou Anna K. Simon
The NCAA is alleging that former Miami booster Nevin Shapiro was responsible for providing about $170,000 in impermissible benefits to Hurricanes athletes, recruits, coaches and others between 2002 and 2010, according to a person who spoke Wednesday to the AP on condition of anonymity because neither Miami nor the NCAA has publicly released the allegations.
But the NCAA has acknowledged it can't use some ill-gotten findings in the probe of Miami because investigators working the case obtained information through depositions taken by Shapiro's attorney under subpoenas.
"The NCAA has an interesting way of behaving in enforcement cases that has been there for a very long time," Simon said. "They try to create walls among people within the organization to make sure the investigation is not viewed as being controlled by the executive office. I am not sure that is a correct way to do it because it raises the question about who really is looking over (the enforcement staff), which is a legitimate set of questions to raise."
On the same day last week that Miami received its notice of allegations, which included a charge it lacked institutional control, Emmert announced NCAA vice president of enforcement Julie Roe Lach would be replaced because of her role in the botched part of the Miami investigation.
"Obviously, this is an outcome that nobody wants to see on their watch or anyone else's," Emmert said Feb. 18. "This is something that's an embarrassment to the association and our staff."
Emmert's job -- it appears -- is safe for now.
"He is moving in the direction that the executive committee, and the other boards individually, have asked him to move," Simon said. "It has been a very bumpy path. And just like coaches in a rebuilding cycle, there are some things that work out well and some things that don't.
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Other leaders don't seem so sure.
University of Miami president Donna Shalala has called the NCAA's probe of the Hurricanes "unprofessional and unethical." Atlantic Coast Conference commissioner John Swofford has publicly supported the school in its dispute with the governing.
Attorney Kenneth Wainstein, who oversaw the review that found major missteps made during the Miami investigation, has begun looking at ways to prevent another botched case as part of the association's attempt to change.
"We believe that if some of reforms we were trying to accomplish had been in place, we wouldn't be talking about some of these issues," Simon said.
Simon said the executive committee is trying to change the way the NCAA operates in many ways, but the governing body can only move as far or as fast as member institutions allow. Simon said the schools that make up the NCAA need to demand integrity and to have a greater sense of urgency to reform quickly.
"Some of the criticisms I hear are things that the reform agenda was designed to address," Simon said. "We're trying to keep focus on the reform agenda, to try to get through that, and then to make an assessment of whether the NCAA is in the right place."
The way the Miami probe was foiled from within was only the latest embarrassing setback for the NCAA, which is fending off a number of lawsuits and has been the target of sharp criticism by some for how it handed penalties down to Penn State following the Jerry Sandusky child sex-abuse scandal.
Simon said the Penn State situation has a set of circumstances that are "extraordinarily unusual" and will be written about a lot with the benefit of hindsight. Simon added the NCAA shouldn't allow itself to get sidetracked by the latest flurry of jabs while it deals with the "messy and difficult process" of change.
"We can't get deflected from the reform efforts or we'll be having these same conversations case after case, year after year," Simon said.
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Bama dismisses arrested freshmen
Updated: February 27, 2013, 5:38 PM ET
By
Alex Scarborough | TideNation
Alabama Dismisses 4 Arrested Freshmen
TideNation's
Alex Scarborough discusses Alabama's dismissal of four freshmen players
charged with either second-degree robbery or credit card fraud.Tags: Nick Saban, Bama, arrested, dismissed, freshmen, Eddie Williams, Tyler Hayes, D.J. Pettway, Brent Calloway, second-degree robbery, credit card fraud
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Defensive back Eddie Williams, 20, and linebackers Tyler Hayes and D.J. Pettway, both 18, were shown the door after being charged with second-degree robbery for their involvement in the separate robberies of two students on the Tuscaloosa campus on Feb. 11. They were subsequently barred from campus while awaiting a ruling from the Student Judicial Board.
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"UA's judicial review has been completed," Deborah M. Lane, Alabama associate vice president for university relations, said Wednesday. "The four students involved in the robberies on campus are no longer enrolled in UA."
"Based on all the information we've received and going through and trying to determine the future of the four guys that got in trouble, those guys are no longer associated with the football program," Crimson Tide head coach Nick Saban said on Wednesday. "Their actions do not reflect the spirit and character that we want our organization to reflect. It's obviously very disappointing and unacceptable what happened."
Williams, a former five-star athlete from Florida, confessed to robbing a student who was punched in the head and face and kicked in the ribs and back. Williams said Pettway and Hayes watched him commit another robbery, according to court records. Calloway admitted to using the stolen credit card for snacks from a vending machine.
Saban would not characterize the dismissal of the players in absolute terms, saying only, "They're not associated with the football program, that's the way I'd put it."
Said Saban: "Some people learn by words. Some people can learn by consequences. Some people can't learn."
All four players were backups during Alabama's run to a second straight national championship this past season. Pettway, who recorded 2.5 sacks and four tackles for loss as a defensive end, was named to the All-SEC freshman team. Hayes had 14 tackles as a freshman, primarily on special teams, including two in the BCS National Championship Game against Notre Dame. Calloway carried the ball just 10 times and Williams was not used at all as the staff opted to redshirt him.
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Lane Kiffin backs Matt Barkley
Updated: February 27, 2013, 7:52 PM ET
By
Mark Saxon | ESPNLosAngeles.com
Barkley Ready To Go
Matt Barkley says his shoulder is progressing and he will be ready for his pro day.Tags: Matt Barkley, Colleen Dominguez, NFL Draft NFL Scouting Combine
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He also predicted big things for Barkley in the NFL despite the QB's recent slide in some mock drafts.
“Barkley surprised many in December 2011 by electing to return for his senior season. Then, he was widely viewed as a top-10 prospect, but he has fallen out of the first round on most mock draft boards. Neither of ESPN's draft experts, Mel Kiper Jr. or Todd McShay, projects Barkley to go in the first round.If Matt Barkley had the defense that Matt Leinart and Carson Palmer had, Matt Barkley would have won the Heisman Trophy just like they did. He would have had the winning records they had.
” -- Lane Kiffin
Barkley will throw for scouts late next month at USC's pro day.
"I think he's going to be a great starting quarterback in the NFL, and the film shows it," Kiffin said. "The plays he makes, all the throws he's made here, the leadership qualities ... I've said this before: If Matt Barkley had the defense that Matt Leinart and Carson Palmer had, Matt Barkley would have won the Heisman Trophy just like they did. He would have had the winning records they had."
Barkley's stock likely was hurt by USC's disappointing 7-6 season after a preseason No. 1 ranking, by his 15 interceptions (up from seven in 2011) and by the shoulder injury that ended his season two games early.
Barkley took some heat from USC fans as the Trojans' offense regressed slightly from a 10-2 season in 2011. The Trojans gained an average of 12 yards fewer per game and scored roughly a field goal less per game. It was largely defensive breakdowns that caused USC's downfall. The architect of the Trojans' defense, Monte Kiffin, resigned after the season and now is defensive coordinator of the Dallas Cowboys. USC hired former Cal defensive coordinator Clancy Pendergast to install a 5-2 scheme it hopes will be more effective against spread offenses.
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"Andrew threw an interception for a touchdown and, their very next drive we stop them, and [safety] T.J. McDonald gets called for a head-to-head personal foul that keeps the drive alive," Kiffin said. "Is that Matt Barkley's fault? If that flag's not thrown and we stop them right there, you go, 'Man, Matt just beat Andrew Luck.' When I remember Matt, I think of all that stuff."
Kiffin also stressed roster limits caused by NCAA sanctions that limited USC's array of targets and the depth on its offensive line during Barkley's tenure.
"There have been great USC quarterbacks [who have done] some things in the NFL," Barkley told reporters last week at the NFL scouting combine. "I know my case, my situation and my story is different than all those other guys. I don't think you can put everyone in the same mold. I know what I'm capable of, and I wouldn't be so quick to put a mold around me."
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Work In Progress
After another positive review of Penn State's rehabilitation efforts, the NCAA should do what was once unthinkable: reduce the sanctions. Gene Woj »Report: PSU 'making progress' » Big Ten blog »Read more...http://espn.go.com/
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