To: LS
Sure as an investment. You buy it now when the value of dollars are relatively high, and when Mel Gibson comes riding through town chasing a band of bikers with mohawks, you exchange it for a much higher value than some Federal Reserve Notes.
All this mega billions of bailouts are going to accomplish is the severe devaluation of dollars. By buying hard assets, you’re in effect shorting the Fed’s monopoly money.
36 posted on
09/19/2008 5:11:01 PM PDT by
ovrtaxt
( One useless man is a shame, two is a law firm, and three or more is a Congress. --John Adams)
To: ovrtaxt
Ok, that's fine. So you are agreeing with me that it is not a traditional "investment," in which an asset actually increases OTHER value, but a speculation, no different than real estate, bonds, or stocks. You could accomplish the same thing by clever short selling in the stock market.
So I'm still looking for a reason to actually hold gold as an investment---not a speculation.
59 posted on
09/20/2008 6:57:54 AM PDT by
LS
("Castles made of sand, fall in the sea . . . eventually." (Hendrix))
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