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To: Strategerist

Gold is money and has been for thousands of years.

Paper dollars can be printed at the whim of the government.

It is not moonbatism to put a percentage of one's assets in gold.


15 posted on 12/27/2005 6:48:19 AM PST by tomahawk
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To: tomahawk
Other than the value that the market places on it what value do either of them have?

You can't eat dollars. They have no industrial use.

You can't eat gold. It has very little industrial use (unless, of course, when there's blood in the street, those with product to sell will want gold so they can give their sweetie a nice birthday present).

Gold and, for that matter money, might as well be tulip bulbs.

Just because some in the past put some mystical value in gold doesn't mean it's true today. In fact I think that salt was a far better form of specie.

30 posted on 12/27/2005 7:18:38 AM PST by Proud_texan ("Moderation in the pursuit of justice is no virtue." - Barry Goldwater)
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To: tomahawk
Gold is money and has been for thousands of years.

Gold is just another medium of exchange. It's value is no more stable than say, wheat or corn. It's easier to store and handle of course, but it's still has no intrinsic value, beyond it's industrial and jewelery uses of course. The same is true of silver, diamonds, and of course pork bellies. At least you can eat the pork bellies, wheat and corn. The same cannot be said for gold, silver or diamonds.

82 posted on 12/27/2005 2:53:24 PM PST by El Gato
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To: tomahawk

Putting money into gold, is to secure some stability should the market fluctuate. It is not a tool to prepare for anarchy.

In anarchy, two things will determine who the warlords are...Guns and Grain.

In desperate times a person will trade a year's wages for a bushel of food.


146 posted on 01/05/2006 7:33:12 AM PST by Sensei Ern (Now, IB4Z! http://www.myspace.com/reconcomedy/ "Cowards cut and run. Heroes never do!")
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