Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: perez24
But so you have gold? No goldbug has EVER answered this---you have $100,000 worth of gold, the market collapses, and you sell because prices are sooooooo high. Now what?

The great unanswered question about gold is, "What next?" Once you have sold your gold at incredibly high prices, you have nothing else to invest in, because to buy more gold costs even MORE money. And you can't eat gold. And it costs you money to just sit on gold, because it doesn't create any wealth through investment on its own.

27 posted on 09/19/2008 5:01:27 PM PDT by LS ("Castles made of sand, fall in the sea . . . eventually." (Hendrix))
[ Post Reply | Private Reply | To 5 | View Replies ]


To: LS

okay, so buy silver. You can actually use silver coins.


29 posted on 09/19/2008 5:03:30 PM PDT by ovrtaxt ( One useless man is a shame, two is a law firm, and three or more is a Congress. --John Adams)
[ Post Reply | Private Reply | To 27 | View Replies ]

To: LS

The only gold I own is on my left ring finger.

I was being sarcastic. I detest the gold commercials that run regardless of the economy.


49 posted on 09/19/2008 6:40:26 PM PDT by perez24 (Dirty deeds, done dirt cheap.)
[ Post Reply | Private Reply | To 27 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson