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To: rightinthemiddle

No, I think what you are witnessing is a bunch of people who either are modern "gloomsters" (who think, often for religious reasons) that any wealth must be ill-gotten and therefore any economic growth must be "paid for" by a recession; and a bunch of "goldbugs," who are vested in some sort of bust that will increase the value of their gold.


20 posted on 03/24/2006 7:26:18 AM PST by LS (CNN is the Amtrak of news)
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To: LS

Good oberservation. I bet there are many old "goldbugs" on FR.

There are probably many folk in CDs and savings accounts who hope high interest rates. I've always found it strange that "savers" think they should be rewarded more than "investors" and "risk-takers."


28 posted on 03/24/2006 7:33:48 AM PST by rightinthemiddle (Islamic Terrorists, the Mainstream Media and the Democrat Party Have the Same Goals in Iraq.)
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To: LS
bunch of "goldbugs," who are vested in some sort of bust that will increase the value of their gold.

My gold and silver is an important proper part of a diverse portfolio. It not an "investment" and certainly not an investment in anticipation of a bust. It is simply dead money that won't lose value the way paper currency will. It doesn't help the economy, but neither does it hurt.

54 posted on 03/24/2006 8:19:20 AM PST by palmer (Money problems do not come from a lack of money, but from living an excessive, unrealistic lifestyle)
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To: LS

"No, I think what you are witnessing is a bunch of people who either are modern "gloomsters" (who think, often for religious reasons) .."

Pretty much the old Pat Buchanan crowd.


106 posted on 03/24/2006 7:03:28 PM PST by DugwayDuke (Stupidity can be a self-correcting problem.)
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