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Originally Posted by wab
What's so hard about buying an ETF? |
I don't think that's how gold was sold to Mom& Pop. Listen to the untermensch that calls in to radio shows like Goldline. They want to hold it in their hand and see how purty and valuable it is. Newfangled eeeeelectronic brokerage accounts are risky, dontchakow. And what in tarnation is a futures contract? Nosir. I wants me some physical gold. After all, its the "people's money."
Plus I think it is a lot easier to pump more oil than it is to mine and smelt another ounce of gold. Since gold appears to have a supply elasticity than oil, the swings can be bigger and faster than in a bigger, more liquid market like oil.
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"And Jesus spake, 'Become thou now fishers of adjustable rate mortgages'" - New Conservative Bible
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