1 posted on
10/22/2009 5:52:22 AM PDT by
blam
To: blam
Am still not sure if the “funds” are as safe as the actual gold?
2 posted on
10/22/2009 5:53:39 AM PDT by
Recovering Ex-hippie
(Pray for Israel! And Georgia ! And the Iranian people! and Honduras!)
To: blam
3 posted on
10/22/2009 5:56:23 AM PDT by
blam
To: blam
You can not eat gold. The bank won’t take gold as payment for your mortgage.
Gold is no good as gold. It has to be converted back into money before you can use it.
Before you buy gold from a company, ask them about buying the gold back from you, and at what price.
To: blam
The federal reserve banks and similar governmental entities hold the vast majority of gold reserves. It looks good but beware the bubble potential. The IMF or Eurozone could release a small amount of their total reserves and easily flood the market. It would be logical for some entity, given the worldwide financial situation, to take advantage of the weak dollar in such a way. It looks good for now but the main players are not the ‘little guy’.
5 posted on
10/22/2009 6:03:13 AM PDT by
allmost
To: blam
I’ve been thinking about whether I should bring the price of gold down. All I have to do is buy some, and sure as the sun rises, it’ll plummet.
It’s a super-power that I have. I have promised only to use it for good.
6 posted on
10/22/2009 6:07:09 AM PDT by
Ramius
(Personally, I give us... one chance in three. More tea?)
To: blam
We need to do a reverse slit of 1 for 10 and return to making gold and silver coins. What if China and India did this, where’s that leave the U.S.???
8 posted on
10/22/2009 6:13:59 AM PDT by
Waco
(Kiss an illegal aliens' axx and buckle yer seat belt, it's the law.)
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