cute fuzzy bunny
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I wasnt looking for surrender or winning. Was just hoping to hear an explanation.
Owning gold makes people who are paranoid feel safer. Since there will always be paranoid people, there will always be a demand for gold.Cool Dood said:I don't get why it's so complicated -- shouldn't it be easy to explain in a sentence or two why your gold thing is supposed to work?
I can easily say, "Raytheon sells things that blow sh** up to the US government for a lot of money, and as there will be lots more sh** to be blown up in future, they'll continue to make money." Or "bonds provide money to growing industries or other entities, and as there will always be people in a position to borrow money, bonds will continue to remain profitable." Etc., etc.
Surely if it's something people are staking billions of dollars on, there's at least a basic summary of the reasons for doing so, somewhere?
sgeeeee said:Owning gold makes people who are paranoid feel safer. Since there will always be paranoid people, there will always be a demand for gold.
unclemick2 said:Soooo- where's my 4% dividend like the old days - when gold was actually worth something.
heh heh heh heh - hey! I'll take good old American paper $.
Show me the money.
Apocalypse . . .um . . .SOON said:cfb: Ooops! I just remembered one point, but I think it's already been mentioned.
GATA says that gold has been manipulated by the government for quite some time
CFB: that's the vast conspiricy to which I had earlier referred, but I am suprised that you are in on it!Cute Fuzzy Bunny said:... extensive meetings with top secret government officials to plan the supression of the price of gold and the CPI. Thats an awful lot of 'behind the scenes' string pulling, although I'm ably assisted by our marxist puppet leaders.
Apocalypse . . .um . . .SOON said:gold has been manipulated by the government for quite some time, with over 1300 tons of gold (that portion is easily traced--plus alot more that is hidden) dumped into the market to suppress prices. This would go along with your idea that gov't is not bright (buy high-sell low): they sell into the market to drive the price down and then recieve less for their gold. ... it seems to make sense.
Darn, and I thought you were still with the Plunge Protection Team!Cute Fuzzy Bunny said:And I dont know how I fit in the time to flirt, given my extensive meetings with top secret government officials to plan the supression of the price of gold and the CPI. Thats an awful lot of 'behind the scenes' string pulling, although I'm ably assisted by our marxist puppet leaders.
d said:CFB: that's the vast conspiricy to which I had earlier referred, but I am suprised that you are in on it!
camberiu said:And the gold has just hit $604 on the spot market.
d said:... just another 40% or so and it will be back to a more than quarter century high.