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Re: This is for KTC - I think... 

By: joe-taylor in FFFT | Recommend this post (1)
Wed, 24 Aug 11 5:58 PM | 39 view(s)
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Msg. 32058 of 65535
(This msg. is a reply to 32039 by oldCADuser)

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OCU,

Gold has never been a really rational investment and those investing heavily in it are asking for trouble along the way. To say that there is no bubble in the gold market is to say that there was no bubble in the other markets that we have seen affected by such things. Gold is also prone to scams such as people selling things that appear to be gold but that are, in reality, really not. In reality, gold is an investment in a philosophy that the world is going to crash down around us and that the end times are either here or are near. If people really believe that what they should really invest in is armament because if these end times come a more powerful force than whomever owns the gold will simply take it form them by force or possibly even death. Reliance on barter skills in times like those that invest in things like gold would be a much better course of action to take than trying, as did the Tunisian dictator when he left power, hauling around an extremely heavy load of gold to try to insure ones future. We have owned some precious metals in the past but we unloaded them years ago now. The lure of gold has been with us since time began. It is interesting to note that some are waiting for the 100th anniversary of the Titanic sinking next April 15th because there has been a long standing rumor that millions of dollars of gold was aboard her to satisfy Britians balance of payments obligations to the United States. What might have been aboard the ship is protected for 100 years and will be made public next year on that anniversary.

Regards,

Joe


To say that "God exists" is the greatest understatement ever made across space and time.


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The above is a reply to the following message:
This is for KTC - I think...
By: oldCADuser
in FFFT
Wed, 24 Aug 11 8:13 AM
Msg. 32039 of 65535

On the drive-time tonight I was listening to the Clark Howard Show (not sure if you know who he is, but he gives financial advice to callers on his radio show. He also has a show on cable TV where he does the same.) and someone called in and asked about investing in Gold and he quoted a very interesting statistic. He claims (and he as reputation as being a reliable and well informed guy) that, taking into account the effects of inflation, that Gold today is worth LESS than it was 30 years ago. And as you might guess his advice to the caller was to think twice before investing in Gold at today's prices since it's very possible that you'd be coming to the party a bit too late, that the run-up has already occurred and that the people who really make money in the Gold market are those who are traders and not investors.


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