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Re: â��Gold, unlike all other commodities, is a currency" - Greenspan 

By: clo in ROUND | Recommend this post (3)
Wed, 24 Aug 11 2:21 PM | 75 view(s)
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Msg. 34595 of 45644
(This msg. is a reply to 34594 by capt_nemo)

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Greenspan also PROMOTED designer mortgages & claimed it was better than locking in to a fixed (low rate).

IMO, "Oil" has more demand/value, most folks NEED oil.

Jewelers need gold... clo




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The above is a reply to the following message:
Re: �Gold, unlike all other commodities, is a currency" - Greenspan
By: capt_nemo
in ROUND
Wed, 24 Aug 11 9:40 AM
Msg. 34594 of 45644

Greenspan also said that he did not think gold, which reached a record above $1,900 an ounce this week, was in a bubble.

“Gold, unlike all other commodities, is a currency,” he said.

Really??? I wanna see someone in what's left of a grocery store, go in and buy a loaf of bread and a gallon of milk with their gold. They just gonna shave off a sliver for payment.......... And no bubble Alan baby?? Really?? WOW....... They will defend their thinking till the end.............That shouldn't be too long now.

I guess I just don't understand this gold thing.......


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