Silver has industrial use, other commodities can be eaten or burned. Gold, well, it just looks pretty. Very practical...
Like y2k, this recession turned into the “end of the world”, and most people were dumb enough to fall for it, again. Man, people are going to hate gold so much, they will not even want it for jewelery, lest it remind them of the investments they sold at the bottom. Lose half your money in stocks, flip to gold, then lose half again, and you’re more than likely going to be really, really, pissed off.
“people will hate gold so much”
Now that is gratuitous, we’ve seen two major bubbles burst in the last 9 years, in the last ten the market has been down erasing massive amounts of wealth in that time, and yet, people still participate in the market...if there is a dollar to be made feelings are put aside rather quickly...lol!
Not true. The computer you're using right now to read this has a small but significant gold content in the PC boards. It's used because a) it's an excellent conductor, b) it doesn't corrode, and c) it can be drawn very fine. This makes it suitable for use in PC components.
Yeah, Glenn Beck is gonna be pissed!
nanotechnology