To: kaspergutman
The BOOM is a result of the dollar bubble bursting. Paper and ink can’t compare to something of intrinsic value. The properties of the metals themselves are what make them valuable. Paper is still paper in the end, when it doesn’t represent anything other than goodwill on the part of a bank.
15 posted on
10/16/2008 1:38:46 PM PDT by
ovrtaxt
( One useless man is a shame, two is a law firm, and three or more is a Congress. --John Adams)
To: ovrtaxt
most money is stored on a computer. You won’t find stacks and stacks of cash in your savings account.
21 posted on
10/16/2008 1:52:32 PM PDT by
ari-freedom
(Good job, Canada!)
To: ovrtaxt
Paper is still paper in the end, when it doesn’t represent anything other than goodwill on the part of a bank.The great thing about fiat money is that you don't have to hold it. Just exchange the dollars for precious metals, equities, treasuries, Swiss francs or anything else you think is a better store of value. Money facilitates financial liquidity. That's all.
To: ovrtaxt
The properties of the metals themselves are what make them valuable. Paper is still paper in the end, when it doesn’t represent anything other than goodwill on the part of a bank.What's your take on investing in less hyped metals like platinum and palladium?
47 posted on
10/16/2008 2:47:06 PM PDT by
tacticalogic
("Oh bother!" said Pooh, as he chambered his last round.)
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