To: Grampa Dave
Gold is good as a hedge against inflation, not as a long term investment. Even if our monetary system collapsed gold will still have value.
4 posted on
06/01/2006 8:16:10 AM PDT by
ol painless
(ol' painless is out of the bag)
To: ol painless
Even if our monetary system collapsed gold will still have value.Not as much value as guns and gasoline.
8 posted on
06/01/2006 8:19:16 AM PDT by
rhombus
To: ol painless
gold will still have value Only because we give it value. It is fiat yellow metal!
To: ol painless
Even if our monetary system collapsed gold will still have value. If the money system collpses we will be having worse problems. Anybody with gold will have a target painted on his forehead as far as the class of beggars, thieves, and tramps are concerned.
28 posted on
06/01/2006 8:28:27 AM PDT by
RightWhale
(Off touch and out of base)
To: ol painless
"Even if our monetary system collapsed gold will still have value." Doubtful, a very wise man taught me along time ago that you can truly measure an item's worth by subjecting it to the "deserted island test" if it would be useful on a deserted island to survive then it has "real value" , otherwise any value associated with an item is subjective at best.
37 posted on
06/01/2006 8:34:21 AM PDT by
Mad Dawgg
("`Eddies,' said Ford, `in the space-time continuum.' `Ah,' nodded Arthur, `is he? Is he?'")
To: ol painless
Gold is good as a hedge against inflation, not as a long term investmentYes, which is why prudent invstors might have 3-7% of assets in gold, but certainly NOT 30-70%.
71 posted on
06/01/2006 8:47:32 AM PDT by
1Old Pro
To: ol painless
Gold is good as a hedge against inflation, not as a long term investment. Even if our monetary system collapsed gold will still have value.That's right...Gold is always worth something...Stock is sometimes worth nothing...
98 posted on
06/01/2006 8:59:52 AM PDT by
Iscool
(You mess with me, you mess with the whole trailer park...)
To: ol painless
If our monetary system collapses, a better investment would be in steel, lead, and copper. Preferably a nice Kimber with reloading supplies.
135 posted on
06/01/2006 9:27:50 AM PDT by
redgolum
("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson