To: Travis McGee
Posted, as gold appears to be set to close above $500 for the first time in many years.Gold is useful as a signal that the Fed is too tight or too loose with money supply. Used as currency it leaves a lot to be desired.
26 posted on
12/01/2005 11:10:54 AM PST by
Toddsterpatriot
(The Federal Reserve did not kill JFK. Greenspan was not on the grassy knoll.)
To: Toddsterpatriot
Gold is useful as a signal that the Fed is too tight or too loose with money supply. Used as currency it leaves a lot to be desired.What would you rather find in your granny's attic: a dusty cigar box containing 100 $20 bills from 1920, or a box containing 100 $20 gold pieces?
32 posted on
12/01/2005 11:15:01 AM PST by
Travis McGee
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