Msg. 32135 of 65535 (This msg. is a reply to
32058 by
joe-taylor)
Jump:
Joe Gold has never been a really rational investment and those investing heavily in it are asking for trouble along the way.
You are right! When the bottom falls out no one except the big guys who will get a heads up will be able to get out in time. When the gold bubble busts, it's gonna screw up a lot of people.
Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!
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.
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